Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-03-27
LOCAL FINANCIAL NEWS.

| The abundance of money I'm the CONNER
| cial institutions of this city is a feature
of the local situation that is of consid-
cradle Importance. Not only do the depos-
Its show an increase of over three millions
| during the past two months. but the
I amount is much larger than was the case
| a year ago. The funds that are thus avail
ahie practically find employemt in local
uses and this fact alone may be taken as
/ an evidence of the expansion OF the bust
| ness of the city. In the case of the ma
| tlonal banks the money is loaned on COM
| mercial and collateral paper. while the
trust companies employ a good share In
loans on real estate well as on collateral
| paper.
/ the April dividends and from other sources
the money deposit Is likely TO show an
increase in the next two months. Then
| will begin the annual Withdrawals to meet
the payments for real estate and personal
taxes, and following this will come the
| drain which the summer season and the
| outings always makes upon the resources
which are deposited In the financial instiiu-
tions of the city. II is evident, however,
| that there will be no scarcity OF money, and
all that will be needed in the business of
| the city can be furnished by the local insti-
| tutions. This. however, has been the
| for several years past and there has been
| a notable falling off in the loans secured
/ from out-of-town sources.
All the sales of bonds OF the Washing
ton Railway and Electric Company at to-
| days meeting of the stock exchange were
| on the level of S9%. They were still to
be had at that figure, and the bid was
| S91k.
| The bidding for the preferred stock be-
| gan at SO and ran steadily up. Sales OF
| four lots of fifty shares each We're made
at SO Y, and then the bid was advanced to
93ts. There was no stock for sale at that
price but when the bid was withdrawn
and the stock was to be had on that level
three lots of fifty shares were taken
| There was no more to be had at that
| price, and the bid at % IS was renewed.
After call there were two lots sold at
| 1885, and a 100 lot at 93&.
The common stock was not traded in.
| The bid went up to 80 for a quotation lot
| or blocks of large size, but without re-
suit. There was no stock offered for sale
! less than IS. and at the close. other bids
! being withdrawn, the best bid was 34&,
| and then "a
A couple of ten-share lots of Washington
| Loan and Trust Company stock sold for Odd
| and 2229s. The bid was then 222h and the
asking price 223z.
There was no trading in the stocks in the
| fire insurance companies list, but there
were some changes made in the quotations.
| The bid for Franklin advanced from 40 to
| 30 and the latter was bid for one hundred
shares well as for twenty-five; for Po-
| Arlington from 81 to 81; National Union
| from to rs; Columbia 105. to IL. The lat
| ter, however, was withdrawn.
| There was no trading done in gas stock.
although there was a better bid than that
| of Saturday, as IL advanced from 66b to
66h
One hundred and twelve was paid for
| $500 gas certificates, series B, and then the
| bids for certificates of both series advanced
to 113. Saturdays bid for these securities
was los.
| A bid of 1913 was made for gas certificates,
| but there were none offered for sale less
| than 1884. Saturday the bid was 122& and
| that was the closing bid today,
The bid for Metropolitan Citizens Bank
| stock ex-dividend was 342 and the stock
| was to be had at $50, which was with
drawn and 359 substituted.
Eight shares of Traders Bank stock sold
for 1S5 and that became the bid for ten
shares or a quotation lot. The stock was
offered at 210.