Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-06
The World Of
Finance and Trade
LOCAL FINANCIAL NEWS.

As anticipated, the last statement of the
condition Of the national banks and trust
companies of the District shows an in
crease in the deposits of these institutions
as whole, compared with the state
ment made two months ago. This result
was mainly due. 1t Is believed. to the policy
adopted by the Secretary of the Treasury
in placing In the depository banks an
amount of public funds equal to that which
was withdrawn to meet the annual tax
payments on realty. The funds in local in
situations were in this way increased by
$3.OO0.OO0, and the stringency in the local
money market. which occurs to a greater
or less extent each year at this time. was
avoided.
The recent statement shows an increase
Of nearly two millions in deposits The
Withdrawals Of other public moneys in de-
pository banks no doubt accounts, in part,
for the difference between the full amount
OF the public deposit and the gain in the
total deposits. The total falling off In the
deposits of individual Institutions amount
ed to only about 100000.
A recently organized company, the Co
lumbfa stone quarrfes. of which Mr.. Jo-
seph H. Bradley is presidenI, has acquired
large holding on the Virginia side of the
river south of the Chain bridge. 1t is
known the upper and lower Wander
werken quarres, for the production of blue
gneiss stone. which is used largely in con-
crete work.
The Potomac Stone Company has also
quarry there, and also the Brennan Con-
struction Company and the Crawford Paw
ing Company. The product is brought to
this city on barges.
1t was suggested at the meeting of the
stock exchange today that Mr.. A. X. Par
ris ought to be labeled Eek" This was in
recognition of the fact that yesterday his
term of service as president of the Wash
ington Bankers Association had ended
and his successor. Mr.. Edison. was chosen
designating members as there Is In the
case of bonds and stocks. and so nothing
was done.
and Electric Company sold to the extent Of
four 81 900 lots for SSN. and then the bid
was SSss and the asking price SO.
A similar amount of the Potomac Electric
Light 0's sold for 1051s and that was con-
tinued as the bid. There were no bonds
offered for sale less than 105A.
Nothing was done either In the case of
Capital Traction stock or the preferred
stock of the Washington Railway and EIec-
trio Company.
Some $50 shares of the common stock
changed hands at 80 1-S and 80. An offer
was. made to sell 5000 shares or any part
for 30 1-S. but there was no demand; neither
was there any pressure to SELL At the close
33 was bid and SO IA was asked
Three ten-share lots of American Sc
curtty and Trust Company stock were
taken at 2o1, and then the stock was for
sale at that figure and 2J0B was bid.
Thirty-f1ve shares in several lots of
American Bank stock sold at 100. and that
was the bid. The stock was for sale at
1905.
Fifteen shares of gas stock sold for g. A
bid of 61h was made for fifty shares and
61A for twenty-five shares. The stock was
for sale at 62A.
Mergenthalcr to the extent of three ten
share lots sold for 1891 and 1884,. The
stock was still to be had at the latter
level and 1894 was bid.
The rights sold from S1a to S3l.
Options on Lanston at 1873 and sales OF
the stock at 15a4 feature of the trad
ing in that stock.
The large proportions of the aggregate
of the sales was at 1875. with one lot at
15A.
Only one lot of Greene Copper was sold
and that was 100 shares, the price being
23h
Today's Government Receipts.
National bank notes received today for re-
demption, S61S,132; government receipts
from informal reyapua Sce5 17o. ,,s+o,~~.