Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-20


banking institutions, which indicated either
that the day was unusually dull or else
there was nothing new to say in regard to
the situation that for the past few weeks
has been bristliIlg with Developments. The
latter is probably the true explanation. but
at the same time the market Is dull one.
and there Is no promise of Improvement.
although the general situation, by which Is
meant that In New York, has picked up
considerably.
The bank statement at the close of the
week showed a good gain made BY the
New York banks In cash. SO that insteaa
of being below their legal reserves they
were in fact ahead of them. The rate OF
interest for call loans was also TODAY pc
tween and per cent, and of course for
time loans. the kind which Is best known
here. still lower rate was asked
The local situation. however. continues
unchanged. as was evident at today's meet
ing of the stock exchange, when there was
no market. Some of the most active STOCKS
We're not In demand. and the only pur.
chases of quotation lots OF the preferred
stock of the Washington Railway and Fec,
trio Company were made by the principal
dealer in the stock, as there did not seem
TO be any one else who wanted to buy. Inc
sellers, however. were quite as scarce
The asking price was separated only py
an eighth of a point from the selling price.
but that did not seem to make any oihef-
ence, as there was no oemano Aor the
stock.
The same condition existed in the COM
mon stock and with gas, SO that the COM
plant was general one and not specinc.
The stock of the Washington Loan and
Trust Company sold to the extent OF ten
shares for go, which is over three points
better than the last bid price. 1t seemed.
however, that was the only stock to be had.
as the bid was at once renewed, not only
for ten shares, but for 100 shares. but
there was no more offered for sale. the
excellent business done by this company.
well the fact that the stock Is so
strongly held, so that 1t but seldom comes
on the market sufficiently accounts for the
changes in the figures made by this trans
action.
The bid for Lincoln Bank stock. which
Seems to be the only bank that the current
gossip of the street has not settled its fu-
ture destiny to its satisfaction, was at IS4
during the call, with no offering. AFTER cali.
however. lot of eight shares were brought
out. and the 100 was paid for 1t, which Is
by all odds the highest figure yet paid Tor
this stock.
There was a good deal of Greene Copper
stock sold at 26ss, which is better price
than was bid on Saturday. One block OF
Lanston sold at 15N, and there was moro
wanted at the same price.
Nothing was done in telephone stock, ex-
cept to record the bid of 4Sk 1t Is stated
that the new book which has been issued
shows an increase, since the issue In April
last. Of over three thousand in the names
of subscribers in this city. Altogether. 1t is
said, the subscribers now number about
fourteen thousand, and with this evidence
of improved business it is thought by some
that there ought to be some movement To-
ward the renewal of the dividend on the
stock, which was suspended when the com
pany entered upon the extensive line OF m
provements which are about finished.
Today's Government Receipts.
National bank notes received today Tor
redemption, $3.50, 5S3: government receipts
from internal revenue, 81. 935. 9T0; customs.
1919 9O5: miscellaneous $115.475; expendi-
t,,rou Il ono 0OO