Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-07-08

cordance with the sinking fund plan. Each
year purchases are made. thus reducing the
amount of the outstanding District inter-
est-paying debt. The total of this debt is
now 81. 492. 200 and the amount of the in
terest paid is S455.9S3. Twenty-sX years
ago this debt was SD log. 900, and the an
nual interest charge was Sl.o150o
Last year the debt was decreased SAT- 40
by the purchase and retirement of that
amount of bonds.
In spite of the fact that the temperature
Is rather high and the present time not one
OF much activity in business the session OF
the stock exchange today proved to be
rather interesting. This was due In part
to the advance made in the bidding for
Washington railway bonds and the clearing
from the market OF all those securities that
sents the highest level reached for some
months past
Then. too. the securities in the bank stock
list. usually rather inactive with but little
demand on the one hand or on the other
but slight disposition to sell. showed
changes which were rather striking, con-
sfdering all the circumstances.
There was apparently no disposition to
trade in the bonds OF the Washington Rail-
way Company during the call. Both the
Do and the asking prices showed an ad-
vance over the quotations of yesterday.
71s was the bid and IT'S was the asking
price. There was no trading
After call the bid was steadily advanced
last level was reached that one 81 90 bond
was secured There was no more to be
mad at that price. Then the bid advanced
TO -. and two 5000 lots were secured and
still the bid was renewed on the same level
but without result.
The first in the bank list is the stock of
the Bank of Washington Merely making
change In the bid and asking figures to AK
bid and 80 offered. this stock was passed
oyer. when the stock of the Farmers and
r. L.
renewing the bid of 300 which has been re-
corded for some time past a bid of BOB was
made. and the stock was offered at 300 but
this latter was withdrawn and 80 substi-
tuted The ten shares offered were taken
at mat price, and then the trading ceased
with the advance thus secured maintained
In the quotations 3O9%. was bid and 3I5
was the asking price.
In the case of Traders Bank stool, III.
brst bid of 40 was an advance over that
or yesterday. Then a further inward move
was made by a bid of 1I9is and an Offering
by the same broker at 1891. who took II at
that inquire. BY gradual incrc the offer
ing continued until 40 Wa ,ched at
which price the last recordt4 sale was
made. All the stock sold was bought by
one broker. who secured the two lots he
had for sale, as we'll as two other lots from
another broker. At the close the bid was
100 and the asking price 151.
1t is not known that there is any special
significance to be attached to either of
these transactions 1t was said by some
that there were ten shares of Farmers and
Mechanics Bank stock for sale and a GUS
toner was found at that figure. While in
the case of the Traders Bank the conject-
ure made that is usual when one of
the so-called downtown banks is MEM
toned, namedy, that this movement might
have some connection with one of the nu-
merous consolidation schemes which come
to the surface every now and then
Government Receipts.
National bank notes received today for
redemption. 1858, 25J: government receipts.
from internal revenue. 1851 :36s; customs.
SS4l 3S7; miscellaneous. $SS.5+1, expendi-
lures, S26S2ooo; available cash balance,
Sl62 los Dta3 A.