Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-06-22
ton of typesettirs machines De regarded
a. experiment.


an experiment.
The Increase Of the deposits OF the ma
t.onal banks Of New York city as shown by
the reCert reports to tho controller of the
currency is characterized by the Wall Street
Journal as remarkable This increase, ii Is
stated as been due mainly to the deposits
by out-of-town banks and by local trust
companies, which. being unable to
the money themselves profltably. in the
present state of the money market, have
put their funds in the New York national
hanks.
Since March 2S the Increase" it is assert
ed. lin this class of deposits has been 75J
Fer cen, while the increase In individual de-
posits IN the same time has been only ~
per cerc AS compared vita a year ago the
increase In individual deposits on the 9TH
of June last amounted to +.+3 per cent.
while the increase I'm deposits due other
banks for the same period was 81 30 per
cent.
Moreover. it is a striking fact that the
deposits of'the national! banks Of New York
due banks. and trust companies now
amounts to more than the total OF the in
dividull deposits. while a year ago they
were over SO.H0o.eO0 less. More than one
half of the deposits of the New York
honal banks therefore represents deposits
on which interest Is being paid and on
which there is a loss at the present rates Of
interest
Bonds of the Washington Railway Com
pany sold at today's meeting of the stock
exchange on the same level of prices a.
they offered yesterday - the price
paid. There were still bonds to be had at
that agure after the selling ceased and at
the close the bid was 1873. and the asking
price -.
The preferred stock of the company was
offered after call at 56S. with J6ia bid
During the call no stock was offered
Gas certificates were offered down to II7s.,
but the best bid for $1,000 was III.
Any part of 100 shares of Capital Trac-
ton stock was offered at 123. while the bid
for such an amount was l22. A quotation
lot was offered at 122n with 100 bid. The
sales were at the former figure and at one
eighth less.
Ten shares Of Union Trust and Storage
Company stock found purchaser at 1oS.
and then the bid was 10Its with 100 the
asking price.
ten-share lot Of the stock OF the Home
Savings Bank was sold a 1i5. which was
said at the time to be the first transaction
in that security since 1t was listed on the
exchange. The bid was renewed on the
same level but there We're no further sales.
The asking price was lGD.
An advance in the bid for the stock OF
the American National Bank was made
from 49, TO 40. but there was no stock Of
fered for sale: 1i5 was bid for two shares.
ance stock were offered for sale. and ~ DO
ing the highest bid. 1t was sold at that
price The bid for quotation lot was also
A..
Ten shares of Metropolitan Fire Insur-
ance stock was wanted and - was bid. The
bid for a quotation lot 80. No stock
was offered.
Sales of Mersenthaler We're made from
Ia. TO IA: then the bid receded to 1913.
and li3le. The stock was offered at ia
both during the call and after the call. and
In the latter period any part of 100 shares
was offered at 1875. The best bid on this
latter proposition was l13.
The asking price for ten shares continued
to be, up TO the close, ia. with 113le bid.
The opening bid for Lanston was "a.
which advanced to 9l2. and a sale was
made. Another lot was disposed of and
81. was still bid. Then the latter reached
to 3as. with 3as the asking price The lat
ter was withdrawn and ten shares substi-
tuted with the bid price unchanged.
For fractional lots 91a and on was bid and
some trading was done a these figures.
After call the stock was offered at 9As.