Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-04-06

the banking resources Of the city. etih
however this feature Of banking has to b
taken into consideration. al II has an In
fiuence on loans.
FLUCTUATIONS in deposits ara carefully
recorded. and the rise and fall Is demon
strated by the experience covering not
merely one year. but series OF years
The first notable drain on the money on
deposit I'm financial institutions comes dur
ing the month OF May. when the District
taxes on realty are due. After this Is over
the vacation period sets in, and funds arc
needed by people who leave the city for a
greater or less period OF time The with
drawals on this account extending. or
course. over a longer period. aggregate. In
the case OF some institutions. as much as
is taken out to pay taxes. Then In the
fall. when the summer tide turns, there Is
another drain, caused by the need of money
on the part of people who are moving or
who are fitting up their houses for the
winter.
After this the Christmas buying sets in
and money again flows out until the Christ
mas stockings are filed. The end of the
year Is then reached and a balancing Of the
accounts would show a total that is much
less than the April record shows, but II
larger than the amount deposit at the
corresponding period of the former year In
other words in the banking experience hers
the period OF the year from January 1 tn
May is one of largely Increased deposits.
while for the balance of the year the with.
drawals are heavy.
An advance of one point in the bid for
Columbia 6s over that of yesterday was
necessary at today's meeting of the stock
exchange In order to secure a $500 bond
which went for III. An advance was made
In the bid price Of gas certificates from
114Is to 114x There was no trading done
as the asking price was 1l5S
A further increase in bond list prices wa
made when telephone bonds were reac hed
The same bid of f03lk was made as has
heen the case for some time past, but when
bonds were offered at 104 two lots were
sold at that figure. The supply seemed te
be exhausted and the bid price was adj
vsnced without avail and then withdrawn.
At the close the bid was 1885 and the
asking price 104.
In Capital Traction there seemed to be no
disposition to trade, although the bid was
advanced a half point over that of yester-
day. Two lots of % shares each were sold
at 1893 and 119%. In the efforts to bring
about further trading. which proved to be
fruitless. 119& was bid and 1l97s was Of
fered. At the close the asking price was
approach made there was no further bust
ness done.
Ten shares of Bank of Washington stock
were offered at 43s, only eight points In ad-
vance of the bid price. instead of fifteen
points, as was the case in yesterdays quo
tations. However. no purchaser appeared,
and the broker who offered ii took ii him
self At the close the asking price had
gone back to AS
Seven was the bid for National Union
Fire Insurance Companys stock. but there
was none offered at less than rs
Some 200 shares of gas stock were dealt
I'm today, a rather large record for this
stock. at least in recent days. There were
no sales at IS, which was the asking price
of yesterday. and the figures obtained
ranged from 57% to SIS. At the close the
cheapest offering was made when twenty
five shares were placed for sale at 5I%.
The broker who offered IL had been the
principal seller of the day. and declared
that was the last he had. 1t was taken at
his figures, so that the net effect on the
prices in marketing the 200 shares was q
decline of only one-eighth.
Next to the gas the largest bag was that
held by the broker VINO had 500 shares Of
Graphophone preferred for sale. He dis
posed of 1t in 1o0-share lots to one buyer at
the uniform price of Sl3. The bid was re-
rewed when the fifth lot Of 100 shares had
been sold, but there no more to be had
at that price. After the call 100 shares OF
the common stock Wee offered at SIS, but
the best bid was Az.
Several lots of Mcrgenthaler changed
hands at 1762 to III. After call 100 shares
were offered at IT'S without result.