Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-21
LOCAL FINANCIAL NEWS.

An instance of some interest of the
changes that are taking place In the re-
placement of old methods by modern de-
vices occurred during the past week. For
years probably from the beginning of any
mail service at all. the mails from this city
to Fairfax Court House, Va, n distance of
some eighteen miles, have been carried
for part of the way on what is known as
a star route. This service was by wagon.
Owing to the extension of the Falls Church
electric road to that point the mail service
was transferred to the trolley, which now
serves Uncle Sam in the transportation of
mails.
The first of q series of conferences he
tween Commissioner Macfarland and rep
resentatives of financial institutions not un-
DER pubic supervision was confined TO
those who are interested in savings banks
The result was along the lines which have
been indicated in this column that the
proposed change would be welcome one
Those present also declared themselves i'm
FAVOR OF supervision by the Treasury De-
partment. The building associa tons will
De consulted as TO their attitude on this
subject. but judging from the opinions as
expressed in this column they also will IA
Nor public supervision. The action of Con-
gress viii be needed to put the system into
operation.
according to the statement of the con-
ditlon of the national banks and trust com
panies of the District at the close OF bust
ness the 14th instant the total resources
were S6I .2la.l2l Two months ago namely
on on lne idth of January. the resources were
S63,J0l las. so that the Increase In that
period amounted to S3.713913
Inc deposits show an increase of a little
over three millions in the same interval. as
,rt1f
reached SAG. 205.I6I while i'm January last
1t was SAB. 1856
The trading in the preferred and common
stocks of The Washington Railway and
Electric Company. at todays meeting of the
stock exchange, ran up into larger ag-
gregate than has been the case for several
days past. For the preferred the range of
prices was 90 to a3I4 and at the close the
bid was 1915 and the asking price 931&
An option on one hundred shares was Of
Tered at % and 1875 was bid.
For the common stock the prices paid
were from 30 to 35h and at the close n
was bid and 3Js was asked bid of 3d.
was made for any part OF one thousand
shares. Options were sold at 35Is and 35A
After the sales the stock was still to be
had at 30. but was finally withdrawn and
the next Offering was on a higher level.
There was considerable inquiry for Co
iumbia Bank stock and the bid for ten
shares advanced from 2l0 to 2l5 There
were several buyers at that price but the
stock was not to be had on that basis A
DID OF 30 was made for one hundred shares.
bid of 40 was made for American
Bank stock and III was asked, but with
out result.
Some Riggs Bank stock was for sale and
1t was to be had at 6i3. The bid rose to
63o, but no further progress made toward
bringing the prospective buyer and seller
together
For Lincoln Bank stock 134 was bid and
lbs was asked. There was no trading.
There was nothing done in Gas stock ex-
cept to make a bid of 6I2i and TO offer the
stock at IS. ,
p Gas certificates were sold at 122R but
there was no more to be had at less than
122sa. The bid then was 122
There was some trading in Mergenthaler
on range from 1881 to 1891. At the close
the latter figure was bid and the stock was
to be had al 1929.
Lanston sold at 16 and at I55z and at
the close the stock was to be had at 10,
and after call 400 shares were sold at that
price. On the call. while the stock was
offered at 10, the bid was 15A but that
eighth was sufficient to prevent further
trading.