Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-04-04


of ten years ago have nearly doubled Will
the loans have more than doubled Tsese
amounts would be still further increased
IL the totals of the trust companies were
included This statement is regarded as a
very gratifying one. IL indicates that
the financial power of the city Is 100 per
cent greater than il was ten years ago.
While such condition Is looked upon as
of great consequence I'm what Is regarded
as the financial center of the country.
similar comparative statement of the re-
sources OF the banks and trust companies
OF this city gives results that makes this
expression of the banking resources OF New
York city appear rather insignificant.
Ten years ago the deposits In the national
banks and trust companies in this city
aggregated $14. 10000. while the loans were
81 $4,000
Today. according to the responses made
to the call of the controller OF the cur
rency issued last week. the deposits have
reached the sum Of over x42.oO0.000. while
the loans are over S30.OO0.O00. The per
centage of increase in the deposits for
the decade is nearly 800 per cent. while
the loans show an advance of some 30
per cent The growth in the financial
resources OF the city Is progressive one.
and during the past few months the fig
ures show there has been added to the
deposits about x1.O0o000.
This strengthening of the money interests
OF the city has led to a gradual change In
the situation. that today to a large ex
tent the funds needed for local enterprises
are obtained here instead of borrowers be
Ing obliged to go elsewhere. A few years
ago it was difficult to have a-large loan
taken in this city. Now. however. such
transactions can be negotiated here cas-
lily and to as good advantage as I'm any city
in the country.
At the annual meeting of the stockholders
of the Columbia Fire Insurance Company
of the District of Columbia. held today. the
following were elected to serve as trustees
for the ensuing year: James A. Bates.
Chas. J. Bell. H. Rozier Dulany. Robt. 1.
Fleming. j. Eakin Gadsby.. Thos. M. Gale.
Chas. C. Glover. James M. Johnston. Thos.
r. Jones, John S. Larcombe. +. b. Mcclure.
John f. McLeran. M. NJ. Parker. Upton III.
Ridenour, jr.. and Walter r. Wilcox.
The general tendency of prices at the
meeting of the stock exchange today was
toward higher level and while the volume
of business done was not large. still the buy
were evidently willing to pay advanced
figures over those that have prevailed for
some days past.
This disposition was manifested almost
at the beginning of the call. when the BID
for Washington Railway bonds advanced
a quarter over that of Saturdays. The
asking price was TAN, which was with
drawn and 74lz substituted, while "A was
bid. There was no trading.
There was but little disposition to deal in
the stock of the Capital Traction Company,
although the bid advanced from 119 to 1879,
while the asking price remained at 10.
Even with this slight difference between
buyer and seller there was practically no
trading done.
Seven shares of Citizens Bank stock were
offered at lis and after call a purchaser
was found at that price. Ten shares also
sold at DO.
There was also no Potomac Insurance
stock for sale, or at least. an advance of two
points over the asking price of Saturday
was not sufficient to bring out the stock.
Saturday twentythree was bid and today
twenty-four and then twenty-five, and
there was no stock offered.
With the exception of a fractional lot
of Riggs Insurance Company stock, which
offered. although the bid price advanced
from 81 to 80.
There was some gas stock for sale and
the price went off somewhat the first lots
bringing 577s and the latter 57a. Alto
gether 125 shares changed hands. After
these sales there was apparently no fur
Their demand. as the stock was offered at
51.s while 57ss was bid.
The margin between the bid and asking
price of Mergenthaler was also very mar
row. 177h was bid and 177H was the
asking price. Three lots were sold at 177k.
At the close the asking price advanced.
Graphophone common was strong today
and the bid advanced from T. which was the
price on Saturday. TO AZ. The asking price
was 81. There were sales of two lots Of the
preferred stock at Sl2. and at the close the
stock was offered at SIS. with SA bid.
Greene Copper shared in the general ad-
vance. and while none of the stock was
sold. still the bid was advanced from IL to
1874. There was no stock offered.