Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-02-21
LOCAL FINANCIAL NEWS.

There was a holiday feeling in the air
at the meeting today of the stock ex-
change In anticipation OF tomorrow. when
business will be laid aside very generally
in this city in honor of the memory OF
the first great American citizen. That, Of
course. was not the only reason for the
small volume of business done. for II
has happened that trading has gone right
on up to the eve of a holiday and has
been resumed actively when 1t was over
and no doubt the same thing would have
happened on this occasion II there had
been any business to do.
So 1t came about that brokers who
wanted to arrange for a time to be spent
away from the city had the opportunity
to do 50 without neglecting any material
interests. and from present tndications
the play time might be prolonged foi
some days without missing anything IN
the line of commissions for executing or
curities on the local exchange.
There has been no revival OF interest IL
anything on the list as far as can De as
certained. but exactly why such a tnine
has not taken place does not seem 10 oe
clearly known. If the market Is beine
allowed to take its course. as seems to be
the theory of some. especially along Ger.
tain lines in order to shake out holdings
that may be in tired or weak hands. tnel
IL has not accomplished the purpose, a.
veloped do not seem to be very numerous
or very full Of securities.
There is another explanation. which
has the advantage OF being general. and
on that account is difncult to dispute
and that is the lack of interest IN Sc
curtties lie a part OF the situation which
is found In the wider market OF New
York and elsewhere. In other words. the
cause is one that is general Throughout
the country and Is the aftermath OF the
late financial panic.
The cars Of the new electric line are now
being operated between this city and An
napolis. there being line also to BAL
tirnore, which will begin its service. It Il
expected, about the middle OF the coming
month, coming into the District over the
tracks of the Washington Railway and
Electric Company as far as 10th ana II
streets northeast. At that point the pas.
sengers transfer to the cars OF the local
company for points in the city reached
by that system.
There have been some published state
ments to the effect that arrangements
were being made to run the cars of the
interurban company over the tracks OF the
city company as far az 18th street. op-
pesite the Treasury Department. but an
officer Of the Washington company said
today that such a proposition had not
come before the board of directors since
he had been a member. which dates from
the change In the directorate that tool
place at the beginning of the present
year.
In addition to the trackake arrange
ments with this new company, and the
advantage Of supplying the city ccnnec-
ton for its business. the Washington
Railway and Electric Company also fur.
nishes the power for the operation Of this
interurban line. In this way good share
OF the earnings of the new concern comes
to the local company.
aSHGs
Government Receipts.
National banknotes received today for
redemption, 81, 43l ,:s81 Government re.
ceipts: From internal revenue. $7O7 .OJ7
customs. S756. 40: miscellaneous, $53.174
expenditures. $a,56O.OOO.