Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-01
Grain, Provisions and Cotton Market,
LOCAL FINANCIAL NEWS.

The statement made by Commissioner
Mficfarland that he has under consideration
the devising of some method Of bringing
the savings and private banks of the Dis
tffct under the control of the District Off
Gals, such as exists in most of the states
was read with Interest by those connected
with such institutions. There has been more
or less attention given to this subject for
some time past, especially on the part of
ttcse who are identified with savings insti-
tutons. and when the District code was
ptiore congress section was framed by
an oihcer or one of the largest savings
banks H. the city providing for a supervis-
len OF institutions of this class by the con-
tfoiler of the currency. It. however. did not
become part of the code
The section that is now a part of tho code
while 1t provides for savings banks with a
District charter coming under the con-
troiler, yet places such restrictions upon the
class of Investments as to exclude real es-
tate loans, so that a District charter for a
savings bank is not regarded as practicable.
1t Is the belief of some who have given the
subject attention that the supervision of the
controller of the currency would be more
preferable from the standpoint of the saw
ings banks than that of a District official
TO be known as bank superintendent. The
question, however. arises whether IL would
DC possible to bring private banks as well
as savings banks under the Jurisdiction of
the Treasury Department
But little disposition to trade was shown
al today's meeting of the stock exchange,
due probably to the reaction from the act
I've market of the past few days Even the
washington Railway and Electric Company
securities. which have been perhaps more
largely dealt in than any other on the Ist
attracted but little attention. The publica-
tlon or the reports Of the electric railways
OF this system. which have just been made
70 Congress. with the exception of the
City and Suburban Railway Company, did
not seem to have any effect on the market
either one way or the other.
The same result was noted when the re-
port OF the Capital Traction Company came
out few days ago. and In both of these
instances 1t might be concluded that these
annual statements OF the business of the
two systems had been discounted In the
stock market. At any rate the quotations
remained practically unchanged as COM
pared with those of yesterday.
Lanston shared in the general dullness.
and the few sales made were on a higher
Level than the closing bid of yesterday.
which was 1871. The price obtained today.
namely 1875 was an eighth under the best
price of yesterday.
Five thousand dollars of the bonds OF the
Anacostia and Potomac Railway Company
were sold for 1861. which is the best record
yet made in these securities
Gas stock sold on a somewhat higher
level than has been the case as GA was paid
and the bid kept on that level, but there was
no more stock offered at less than 64M. This
slight difference. however. served to stop
further dealing. which at no time was
spirited.
Today's Government Receipts.
National bank notes received today for
redemption, $1.955.235: government receipts
from internal revenue. S4S5.1p7: customs
81 522,576: miscellaneous, $2937 .403; ex-
penditures, $2,7J0,OO0.
Available cash balance S140 fsya 7aR "