The Washington herald., 1910-07-02
LOCAL FINANCIAL GOSSIP.

In sharp contrast with the general dull
ness and slumps OF the New York market
these days. trading on the Washington
exchange is active and In some cases at
advanced prices. In fact. spectators. as
we'll as investors. seem TO have turned
from Wall street to F street for oppor-
tunity to make some money while the
slump is on in New York
This is no new feature OF the local
market. Stocks and bonds listed here are
not listed generally speaking on the New
York Exchange, and hence are not at
feeted by the conditions which prevail
there, and II often happens that when
that market is dull local trading takes a
brace.
Business yesterday was in large volume
for Washington. and the sales were well
distributed over the list. The railway
shares were traded in sparingly at about
the same prices as the previous day. Gas
came out more freely at 76& TO II, the
last sale being at the highest. The type
machine shares were again in evidence.
and several Of the bank shares went upon
the record at the usual prices.
The long-expected call OF the Comp
troller Of the Currency upon the national
banks was made yesterday and specifies
condition at close Of business on June 80
The Comptroller also requested the
superintendent of banks in the various
states to make a call for reports from
banks subject to their supervision for
the same date.
This call for June 30 supplements and
continues the efforts made in April last
year to obtain on some date during each
year uniform statistics from all the banks
OF the country.
Directors OF the Virginia Railroad and
Power Company, Of Richmond. Va. have
declared 6 dividend OF $50 on each
share of the corporations preferred stock,
and checks were received yesterday by
the holders of this stock here It was
explained by a local stakeholder that this
was the first dividend declared by the
company since the property was organ
lied by the GOulds. about two years ago
The new company was incorporated
June q 1900 under the laws OF Virginia,
and succeeded, after foreclosure sale, to
the Virginia Passenger and Power Com
pany. Richmond Passenger and Power
Company, Richmond Traction Company,
and the Richmond and Petersburg Flee
u ~ Holhdg Company. Inc company
operates about 10 miles OF track.
The authorized capital stock Of the
corporation is s7,5G0.00 common and So
100000 preferred stock, with S7,500.00O out
standing Of the common and "a. 900 OF
the preferred. The preferred stock is
noncumulatlve.
The amount Of national bank notes
outstanding July /. 1910. was S7l3, 40. 49,
This was an increase of S1,ls7, 500 during
the month OF June, and an Increase Of
S2S,57o,s59 during the fiscal year ended
yesterday
The amount Of bonds on deposit July
with the United States Treasurer TO
secure public deposits and national bank
notes was s73s.749,5s0. OF this amount
500, 1900 was in per cent consols of
1880.
The coinage at the United States minis
during the fiscal year ended yesterday
consisted Of 1SSO0S.6sS pieces. valued at
$54, 215.31s The gold coinage was s47,-
57S.s75. the silver 1927, 567, and minor
coin s., 33S.S1.
During the month Of June the coinage
consisted of S7,091, 900 in gold. $4,000 in
silver, and s1s7.2S4 in minor coins, maxi
ing a total OF S7,447, 2s4 for the month.