Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-11-15
LOCAL FINANCIAL NEWS.

The rate OF interest on collateral loans In
this city has stifrened somewhat, and bor-
rowers now find that between 5 and 6 per
cent Is demanded by some OF the financial
institutions instead Of per cent, which
has been the prevailing rate for several
weeks past.
1t does not appear that this is a general
advance. 1t Is stated that no change has
been made by some institutions in their
charges for accommodations of this char
acter. It ds the second one that has been
! made in the course Of the past few weeks
for at the beginning of the fall season the
one In this city.
For some time past, by what seems to
have been a general agreement, the rate
was advanced from "A to per cent. and
banks a further move upward has been
attained, and loans as high as g per cent
| have recently been made.
The supply of money in the banks has not
dwindled. as is the case with the New York
ba nks, but owing to the disturbed condition
at that center, the tendency here Is to go
somewhat slowly and to restrict somewhat
the loans. In the opinion Of some the in
crease in the interest charge is one means
of accomplishing this, so that really the
higher rate is interpreted simply to mean
that the bank would rather not make the
loan. 81 .-..eosa
The annual dinner of the Washington
stock exchange will be held this evening,
and there are to be present some fifty OF
the members and their guests, it is antlci-
pated that there will be "a good time.
Among the features which, 1t Is under
stood. the able committee in charge of the
dinner has arranged for the entertainment
of the company is series OF addresses
which are calculated to throw light on the
plans for the future of corporations which
are now trying to accumulate sufficient
funds to enable them to pay dividends. Re
ports will be expected somewhat in detail
as to the progress that has been made.
A symposium on money rates by some OF
the bankers will also, 1t Is thought, con-
tribute to the enjoyment of the evening,
and perhaps to the peace of mind Of those
whose names are on paper which are In
charge Of the local institutions.
The directors Of the National City Bank.
the new institution which has been or
ganized and who have been waiting anx-
iously to get possession of the building OF
the American Security and Trust Company,
which has been purchased for its use, are
now looking forward to the 18th OF next
month as the date when they will have q
chance to open their doors for business.
The delay has been quite as annoying to
the trust company, as It was the expecta-
ton that Its new building would be ready
some time during the present month.
AEteT IL6 reg ulhE CtalA lOudJ VI LILO oloCh
exchange the annual election Of officers
was held. So satisfactory have been the
services Of the gentlemen who filled these
places during the past year that they were.
without exception. unanimously reelected.
This applied to filling the two vacancies
on the governing committee which oc-
Cured owing to expiration Of the term.
Mr.. w. B. Hibbs was reelected presi-
dent for a second term, and on his second
tour Of duty Of this sort: Mr.. Thomas L.
Humes was reelected secretary and Mr..
J. Brice Moses, treasurer.
Messrs. David A. Greenlees and James
NJ. Green were again chosen to serve on
the governing committee.
The call occupied but short time. al
there was no business to do and none was
done The changes made in the figures that
were placed on the board were of no special
Significance.
Today's Government Receipts.
National bank notes received today for
redemption. 1858. 221: government receipts
from internal revenue, $755969; customs,
81 1854 ,454; miscellaneous, S37.875; expendi-