Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-04-26

the institutions whose earnings are. the
highest. large majority OF the banks Ia
New York city. II Is claimed. earned less on
capital and surplus than DID these TWO
banks.
The conclusion Of the argument is thai
IL these two banks can hold their own 10
a policy of noIi-payment of interest on de-
posits, all of the banks pursuing the same
competition with other cities. On the
whole, 1t is thought. the banks of New
York would not suffer much by with
drawais OF deposits IN the event no interest
was paid. but would profit greatly by in
creased security and earning power.
The difference In the rate of interest
on collateral time loans In this city and
in such center as New York city Is ha2-
ing the effect. II Is claimed by brokers.
of inducing borrowers to get their money
in that city rather than placing their
loans here. There is some criticism that
the large available reserves which a num-
Der of the local financial institutions have
at command should be deposited with out
of-town institutions rather than used TO
meet the demand here.
On the other hand IT Is stated that the
difference In interest rates is more APP
parent than real, and that the rate for
loans of the character de scribcd, especially
In moderate amounts would be AZ or per
cent in New York. just as Is the case here.
1t is further asserted that the local de-
mands are fully met.
There was no trading in the bonds of the
Washington Railway Company during the
call at todays meeting OF the stock ex-
change. Then 76Ss was bid and the loves
asking price was 1914 After call the bonds
were offered at T8ia and Ave lots of sl,oC1
each and one lot of 500 went at that fig
ure. The bonds were still offered wtthou
result, and then finally the asking price be
came 7G7s. One lot of s. 900 and three lot
of $1.C00 each were sold at that figure. TIL
offer was continued without result.
.ny fhn nrAfa Sfn
gre gating lbs shares. were sold during the
call for 80, and after call one lot of 30
shares went for the same price. The stock
continued to be offered at 30, but there was
no further trading.
The demand for Columbia Railway SIS
at 1o5h appeared to be satisfied with one
bond The asking price became then 105h
and the bid lo5A. The bid for CITY and
Suburban Railway SIS advanced from e3 OF
yesterday to %. There were no bonds Of
fered. 1t was stated by one broker that
these bonds were selling in Baltimore at
par
There was an advance in the bid for the
stock of the American Security and Trust
Company to 1872. The asking price was
1876. The bid for Union Trust and Storage
Company was 1853. and the asking price
of 108 was finally withdrawn and lO6is
substituted.
One hundred and twenty-fi five was bid for
six shares of Lincoln Bank stock and 12t
for ten shares, but no stock was oHereo
for sale. Seven and one-Quarter was bid
for 100 shares of National Union 1nsur-
ance Company stock. and the asking price
was 7%. Nineteen shares of Peoples Fire
Insurance Company stock was bought FOR
Ga. The bid for 100 shares was @. and the
asking price Z. Ten shares of Real Estate
Title Insurance Company stock were Of
fered at IS, but the best bid was a.
The trading in Gas was quite active. Dur
ing the call. two lots of twenty-five and
ten shares. respectively selling for 5I1s.
and then the bid became STA, with the ask
ing price at 50. After call four lots of 100
shares each were sold at SIN, and two
twenty-five-s share lots at s..
The bid of 5174 was continued. but there
was no more to be had at that price. Then
the bid advanced to STA. with the asking
price SO. and a couple of lots were dis
posed of at the latter figure.
Today's Government Receipts.
National bank notes received today for
redemption, 1852 $50; government receipts
from internal revenue. s219,122: customs.
$3.50. 4sO: miscellaneous BIB: expendi-
lures. 81 100000
Available cash balance. s2i9621 .922.A