Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-18

The ranking resources OF tho District ac-
cording to the txbulAtion Of the reports
OF the national banks ana trust companies
to th6 controller Of the currency. a. made
by the Financial Review. shows con-
tinuation OF tho remarkable development OF
tho past few years. The statement OF
April shows that the Increase IN the de-
posits III tie national banks and trust conn
panies since January. or the past three
months, 10 $25e8.00o.
As compared with the statement Of
year ago. the deposits have increased by
t2.61Ty 600. During the ffrst-named periou
tia loans havo increased by 81, AS1,Ooo. ana
In the second period the increase IL =. ga
900. The latter shows an unusual extern
sion during the past year in loans.
The total resources Of these INSTITUTIONS
during the past three months have IN
creased 1.161.00o. while Tor the twelve
month. ending April the increase amount
Some idea Of the growth of the banking
RESOURCES of the District may be obtained
from the statement that ten years ago the
aggregate of such resources amounted TO
28.6SS. COO. while at the present time the
total Is $73.0S3.O00 At the present rate or
growth the banking resources of the Dis
trict at the end of five years viii aggregate
100000 eco.
It Is pointed out that these figures go to
establish somewhat the course pursued by
the bankers Of the city in regard to making
available the funds placed In their keeping
for the uses OF the people doing business
here 1t Is claimed that the increase in the
loans bear a good proportion to the IN
would go to show that the financial fnstitu-
tons have extended to their customers the
use of their money.
During the past few weeks. and especial
~ during the recent strfngency in the
money market, there have been complaints
heard that the local bankers were refusing
customers here accommodation. and that
they were sending money ON to, New YORK
for the purpose Of taking advantage OF the
higher rates there instead of keeping 1t
here for the use of local customers.
It is probable that tie stagnation In the
local stock market is not due entirely to
the tightness OF money. but that other
causes are responsible. Still, at the same
time 1t is argued that this showing of the
condition of the banks and the COMPARE
son with former periods viii do much
toward removing some impressions which,
according to this view of the case. are
erroneous.
There was no feature OF consequence
developed at the meeting OF the Stock ex-
change today. The bid for the preferred
stock of the Washington Railway Co. ad-
vanced to 81. but there is about two dol
lars of accrued dividend for the current
half year now on the stock. such a figure
means only that the present market value
of the stock. is about 50. which Is evidently
somewhat below the mark at which good
deal of the security is now held.
A large block of Arlington Fire Insurance
Company was taken at BIZ, and more was
wanted at the same price, and, in fact, the
bidder offered to give that price for any
part Of the capital stock.
Whenever that stock comes to the atten-
ton of the board there is something sure to
be said about the building, and it is evident
that there is notion that skyscraper Is
to be built. The question of improving the
building, SO as to increase its earning abil-
ity, is under consideration by the directors
of the company, and no doubt something of
the sort will be done.