Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-02-25
LOCAL FINANCIAL NEWS.

1t Is likely considerable diversity of vieWl
will be developed at the meeting Of the
clearing house when the question comes
up in regard to adopting measures 10.
In this city. Some of the representative OF
the national banks-and that organization
Is composed exclusively of national banks
are inclined to the opinion that such
matter as the hours Of keeping open the
banks ought to be left to the determine
ton of the individual institutions, and In
that way 1t would be more likely to be
arranged to suit the convenience and the
wishes Of the customers, which, after ALL IN
the minds Of those who advance this argu-
ment Is the main consideration.
There are no banking hours fixed by law
In this city, but custom has given the sane
ton of law to banking day which ends at
3 o'clock, except on two or three days twice
month. and, Of course, each Saturday.
In recent years the practice has changed
to such an extent that there can now be
said to be no regular banking hours In
this city. The matter assumes an impor-
lance in the case of notes subject to pro-
test.
At what hour In the day under the pres
legally protested? 1t is claimed that it can
not be done on the day Of maturity until
the close Of the banking day of the particu-
lar bank where the note Is payable. It Is
Ing day that such q situation in regard to
protesting notes is one that ought not to
continue.
About the first of the coming month q
branch of the International Banking Corpo-
ration will be opened In the building of the
Center Market. 1t will be located in what
Is known as the wholesale section, and one
OF the stores along the north front of the
building and just west of 7th street Is being
fitted up for this purpose.
There Is to be an entrance to the bank
from the inside of the market as we'll as
rrvhf 01, + Lo<
front of the building.
It did not need the stimulus which the
rest OF two holidays Is supposed to impart
to enable Mergenthaler to continue its up.
ward climb. At the meeting of the stock
exchange today it made another point as
compared with the notch last reached.
~, a sale al :, was made at 2o7, while the best
only two lots, one of ten and the other of
hve shares were to be had, and the bid ad-
yanced to 207k with the asking price at
EOS. The stock goes UP so easily that II
does not seem to be in need of any stimu-
liant. and no doubt it would lave done just
as we'll without the rest of the past few
days.
The buying Of Capital Traction stock was
pretty good on range of from 142 to
142h, and at the close 142 was the bid and
the asking price was quarter of a point
in advance.
There was more trading in the common
stock Of the Washington Railway and Elec-
trio Company than in any other one thing
on the list. In fact, after that security was
passed there was not much business done.
The bid advanced quarter of point
over the last recorded bid. and sales were
made on range Of from 39% to 40h. At
the close the bid remained at 49, and the
asking price was 4OA. There was quite a
demand for options at 40. but they were
not offered on that level
The bid at 40, as made by one broker.
was for any amount of the stock, and he
also made higher bids for large blocks.
Today's Government Receipts.
National bank notes received today for re-
demption. $1,315125; government receipts
from internal revenue, 81. 1853. 1856; customs,
s., O36, 305: miscellaneous. $91, 152; expendi-
lures, 81, 100000