Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-05-28
LOCAL FINANCIAL NEWS.

Members Of the Bankers Association of
the District Of Columbia have been invited
by the president, Mr.. Clarence F. Norment.
to be his guests at the Blue Ridge Rod and
Gun Club. near Harpers Ferry. w. Va, on
Saturday next. The occasion is the annual
meeting of the association. The members
will leave the city at o'clock Saturday and
upon their arrival at the club house will be-
come the guests of Mr.. Norment until Sun
day night when the return to this city will
be made.
The announcement of this hospitable pur-
pose Of Mr.. Norment is made through the
issue of cleverly designed card of invita-
ton which was devised by the secretary.
Mr. William A. Mearns. The central fea-
ture Of the card is fac imile in metal Of
a large and misunderstanding fish, the ma
terial Of which furnishes the luster Of the
iridescent scales Of the living creature which
has such an alluring fascination for the
angler.
On this occasion the members Of the as
ISOLATION will forego their usual function
Of drawing checks, as everything OF tnat
sort will fall to the lot OF MI Norment,
who, the host, and at his club house, VIII
be the only source from which necessary
supplies Of all sorts will come. This Satur-
day shipment, to use commerclai term.
will be marked by Mr. Norment =. - d.
at the club house. The annual election OF
the association will be held and other busl-
ness will be transacted and arrangements
will be made for showing somt attention to
the members Of the Texas Bankers Asso.
citation, who expect to visit this city June
2, In the course Of a tour Of the north.
The statements made to the controller Of
the currency by the national banks. trust
companies and savings banks OF the city,
as compared with similar reports made two
months ago, show that deposits nave In.
creased in amounts. During the present
,nnfh fhnr GoS,a hoo
various national banks Of the city sum
upwards of $4.OOO,OOO, representing what IS
paid by the citizens Of the District In the
shape Of taxes. This may account for q
portion Of the Increase in bank deposits. but
it is also true, no doubt. that there has not
been great use for money in active oper-
atoms. Both banks and individuals have
been rather cautious about making new
commitments and in consequence an ac-
emulation Of money has taken place. This
state of affairs may be regarded as prom
Using indication Of a change In the near
future that will bring about return OF
activity
The supply Of Capital Traction per
exchange showed evidence. as has been
the case for some days. Of being rather
limited, and In consequence the ngures ad-
vanced somewhat over the level of yester-
day. The highest price paid was 1923, ana
that was the bid at the close.
The bid advanced for the per cent bonds
Of the Washington Railway and ELECTRIC
Company, but there were no sales. A bid
Of 91A was made for $4,000 IN the bonds
without the June coupon Of s., and another
bid of S1ha was made for similar lot. The
bid for the bonds with the coupon was S31s.
Twenty-Five shares Of Gas or 100 shares
were offered at 65 The bid did not rise
above GA and the stock seemed to be so
much neglected that one Of the brokers in
quired: Where is the gas MANI" And the
reply, He has gone to New York. seemed
to be an entirely adequate explanation of
for this stock, After call seventyfive
shares sold for CfA.