Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-26

The National City Bank BY order OF the
Secretary Of ths Treasury has been 1850
to the nanaher u iatioA61 ban1w - thu
city that ars eHf1kled 70 teesive 1sDen1kD q
gorsrnnaens money. The llst conpfisss 80
banks. Including ths latest addlti0n. which
b aiso the Youngest NATIONAL bark IN the
city. having begun business the middle oi
last December.
In common with tho other national banks
chat are entitled to receive deposits OF
money from the United States treasury the
City Bank win have its share Of the money
paid for taxes NEXT month BY the property
holders Of the District. Last year the plan
was adopted Of turning back Into the banks
OF the city the money thar was pAid Al
taxes instead Of locking II up In the treas
ury to come out, as funds were dfsbuTsed
In the course OF the year for pubic pur-
poses.
The plan adopted thea and which win be
carried out aSnin this year was to place
this money am0unting. according to the es-
innate Of the sum that would b paid IN
during the month Of Nay. to about three
millions of dollars. In the public deposit
banks, according to the individual deposits
of each. In this way the bank having tho
largest amount OF deposits receives tho
largest share of the total
However. II VIII be in the banks available
for use In the way of loans. and to be re-
turned by the banks at the rate Of 10 per
cent per month.
A low level was reached In the case Of the
common stock OF the Washington Railway
and Electric Company at todays meeting
OF the stock exchange. Sales were made as
point below the closing bid of yesterday.
Today. however. the stock was offered at a
lower price ana taken in 100-share lots to
the extent OF three such lots. Hibhs was
fho oil ox&A De- - W.. Qr~
mer refused to offer at q figure lower than
40. and the latter made his last bid at half
a point below.
The seller. however. became the bidder at
part OF Loco shares. There was no one
who had the stock for sale at that price.
and at the close there was an Offering of
an eighth advance.
Gas stock sold below 60 today, bat an of
fering of 100 shares at an eighth below that
level did not attract buyers. The demand
FOR the stock. as is the case for all the
stocks. was extremely limited, and after
several lots had been disposed OF at
GO and az an eighth less there seemed to be
no further market for It.
Quite lot of Lanston figured In the deal
ing on the basis of IA, while Greene Copper
went below . to the extent of an eighth of
point
The committee in charge of the arrange
fire underwriters of the District, which IL
to be held at Marshall Hall on Saturday
and of which Mr.. Lem Towers. jr., is the
chairman. state that the attendance prom
ises to be one OF the largest OF any similar
affair for some years past.
The District Commissioners and officials
OF the District well as other guests will
join with the members Of the board and IT
Is expected that the day will prove to be
an enjoyable one.
Today's Government Receipts.
National bank notes received today for re-
demption. s1.035, 225: government receipts
from internal revenue. $T74.0o8: customs.
81. 034. 421; miscellaneous. $5s.s91 expendi-
lures. 81. 7e0, 600.
Warrington Stock Excnanga
saies.-Reguiar call 12 o'clock noon-washington
Rwy and Eiec. A.. $1,000 ut S7%. $1,000 at S7M
Norfolk and Washington Steamboat Sc. $1,000
at 110h.
Washington Rvy. and Eiec. pfd.. 20 at soA. &
at 00h
Washington Rwy. and Flee. COM, so at 4oss. 100
at 4OH, 100 at 40b 100 at 20.
American Security and Trust 10 at 275.
Washington Gas, 80 at go. 10 at 60. 20 at SEN
af