Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-30
LOCAL FINANCIAL NEWS.

L The volume of business done during the
| year which ended today In the local imam
| ciai world can only be expressed IN farms OF
| the superiative. 1t was the biggeat year
| whether one is trying to tell about the
| business OF the stock exchange or OF the
banks and the trust companies or Of other
/ activities which absorb the energies and the
time Of the business men Of the city. An
other way to express 1t Ii that the past
twelve months have been banner year In
whatever department ons may happen to
be talking about.
In this particular Washington shares with
the rest OF the country I'm the blessings OF
| a prosperous year. In some respects the
advances made locally are something re-
markable, as witness the report or EZRA
d. Parker. the manager OF the Washin9toh
clearing house In his summing up OF the
years business, which includes that OF
today.
Mr.. Parker reports the bank earrings for
the year as being $25o l00,uSl 81 an IneIsas -
over that of the year 1904 OF $59.21s.SZf-oi
As this volume Of business represents not
only that Of the banks Of the city. but also
of the trust companies for. WINE tne ia .ses
are not members of the clearing house. tney
all clear through some member OF tnat OF
ganiza ton that the sum total OF the
business of the clearing house shows that Oh
the city.
also increased earnings is the showing tnat
all the financial institutions or the city are
able to make at this time AS an e'loehes
of the growing Importance and amount vi
the commercial interest OF the CITY the
figures like those given above ahord a
gratifying Indication. Altogether the past
year is one of the NEST notable IN the
financial history OF washington
One of the influential men in financial
circles of New York, and In consequence
one who presumably keeps in pretty close
touch with the conditions in that center:
was In the city recently, and he expressed
the opinion that during the first six months
of the coming year at any rate the rate OF
money in New York would be at least o
per cent.
As this is his view of what the situation
there is to be It Is given as such, although
it will probably be difficult for some VINO
are also pretty well up in such matters 70
reconcile such high rate of money with
the general condition of prosperity through
out the country.
To some extent the rate of money here
Is affected by what it is in New York, but
it Is not thought there will be any fur-
Their advance here in what may be re-
garded as the standard rate, which At pres
ent is per cent for collateral loans. Up to
a few months ago when money began to be
dearer in New York, the prevailing rate
here was AZ Fer cent. The advance was
made. and whether there is to be any fur
Their change will be left to the future.
Inere was nothing OF Speciad consequences
that marked the meeting today of the stock
exchange. During the trading in Capital
Traction large blocks were the feature of
the offering, and at one time block of 800
shares were offered for 1904 bid and 149
was made for 100 shares The trading was
slight and there was stock offered at $50.
The bonds of the Washington Railway
and Electric Company sold somewhat OF
from the level of the preceding days, ana
several lots went for S31s and the supply
was not then exhausted.
Greene Copper sold at 30Ih. and a small
lot of the stock of the Bank of Wash
ihgton went for 80. No change was made
in the figures for gas stock, and the sales
We're on about the same range as for some
days previous.