Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-04-21

banking institutions other than national
banks and trust companies, which are
under federal supervision. has not az yet
assumed any practical shape. In this
connection 1t is interesting to note the
comparison that has been drawn between
the federal state supervised institutions
in New York state, which. like most of
the other states, has a superintendent OF
banking or some form of state inspection
OF institutions doing business I'm the
STATE. and those which are under the au-
tnority or the general government.
IL IS stated In connection with the COM
ments on the recent Federal Bank failure, a
state bank. that since 1882 the number of
disasters among the institutions In that
state subject to federal supervision is less
than the number of disasters OF institutions
subject to state examination. During that
period tire number OF national banks that
have been In trouble is four and the num-
Der OF state banks Is nine. These statistics
IL Is claimed. are an indication of the su-
perior efficiency and faithfulness on the
SIDE OF federal supervision as compared
with state supervision. The conclusion is
reached that state supervision should be
improved and brought up to the level Of the
efnctency OF the national system, so that
the possibility of imposition upon the public
through irresponsible negligent or dishon-
est bank management can be reduced to the
lowest limits.
The buying at todays meeting of the
stock exchange was more generally dis
tributed through the list than has been the
case for several days past The aggregate
of the sales, however. did not run into
large figures. In several Instances, as evil
denced by the near approach of the bid to
the asking price, the disposition to trade
was not strong one.
The usual bid of 1861 was made for Cap
ftal Traction bonds and when they were
offered at 1O7, one lot was sold. and when
ttAr nj ~ fntrw.
buyer. After call another bond was dis
posed OF at the same figure. There was an
advance made I'm the asking price to lO7l.
After call 1861 was bid for these bonds in
any quantity, but without result.
A bid of 761s brought out in rapid success
sion five lots, each $1,000, of the Washing
ton Railway bonds, and one of 81 OO0 With
that amount the buying demand seemed to
be satisfied, and the bid price receded TO
76A. The bonds however, were offered at
I6,s, and 1875 was bid, but there was no
further buying. After call 76A was bid,
with the same asking price. and two lots
were sold.
paid for two lots of 81 600 each of Columbia
railway SIS. after which the bid receded to
l0A, with 1o5S as the asking price.
One hundred and eighteen and one-eighth
was bid for gas certificates. and 119 was
asked. The bid for telephone bonds adj
vanced to 1UGss. as compared with 1851, the
bid price of yesterday. The bonds were Of
fered at 1041s A small lot of telephone
stock sold for IS.
There was close approach in the bid and
asking prices of Capital Traction stock. as
120A was reached in the former and lin
in the latter. 100 was bid for 100 shares.
4S& was bid for Washington Railway pre-
ferred stock and the stock was offered at
49A.
Ten shares of Union Trust and Storage
Co. brought 1057s with 1063s bid An ad-
vance was made in the bid price of Metro
politan Bank stock from 475 of Saturday to
4T61k was made No stock was offered for
sale.
The stock of the Central Bank had n
somewhat similar experience, as 800 was
bid, while yesterday the bid was 295.
There were no offerings.
Ten shares of American Bank stock was
offered at 127k, but the best bid was lbs.
and the stock was sold at that figure.
Two ten-share lots of Washington Steam
boat stock were offered at, 237 and were
purchased. The next Offering was 23S but
there was no further trading.
Today's Government Receipts.
National bank notes received today for re-
demption. S1.159.4O7 government receipts
from internal revenue. s723. 1874; customs,
6t5,941; miscellaneous, SOS, 53S; expenditures,
81 $50 600.
Available cash balance. s219 551 .o5e.95