Evening star., 1915-04-08
LOCAL utility BONDS
TAKEN BY INVESTORS
Lower Prices Now Prevalent Have
Stimulated Buying Movement.
Values About the Same.
Bid Prices on Railway Common and
Preferred Lowered-Stocks Slow.
Financial Notes.
BY I. A. FLEMING.


The feature Of the days session on
the Washington Stock Exchange was
the activity In Capital Traction 5s
They were purchased freely by bank
ing interests for direct investment and
for investors. At the opening the price
was advanced to 104. or y point ad-
vance, but liberal offerings caused
reaction to 1885 and a slight recovery
to 1oS1s followed before the closing.
Washington Railway As were very
active at s1h, all offered. however, be-
ing readily taken at that figure. City
and Suburban SIS sold at 102.
Stocks were decidedly slow. For the
first time in months the bid price ..
Washington Railway shares was 'ow-
cred Il point on both common and pre-
ferred. and there were no transactions; sac
The bid on the common was sI12 ana
Washington Gas sold sparingly at II,
and more was offered at that figure.
Graphophone preferred was the only
other stock to show on the sales re-
port for the session, advancing from
9o1a to 92&.
Financial Notes.
A seat on the New York Stock Ex-
change sold yesterday at $4S,000 and
another at s4s,500. The last previous
sale, a few days ago. was at $44,5oo.
The big business Of the last few days
has encouraged brokers and commits
sion houses, and they now hope to re.
coup their losses during the closed
period.
this city will ship a fifteen-ton steel
vault to It's branch at Panama City
saturday.
nonL Termination
Under the new schedule for payment
of bank examiners, national banks are
Obliged to pay much more for exam
nations than they did under the ma
tional bank act.
Before the new law. banks other than
in reserve cities paid on capitalization.
running from $50 for banks under
100000 capital. to SIS for banks with
capital over 100000. In reserve cities
the controller of the currency and the
secretary of the Treasury fixed the
rate.
1t is understood that the present rate.
damned by the controller Of the cur
rency.. is fixed on 30 an exam examnatiotn n
or the first $4,000 of a banks assets
md cents for each additional S1.0oo
IF assets A bank with 100000 OF as
cts would pay $4,000 for an examina-
lion, and two examinations a year are
,,rdered by the reserve act. Banks are
lso liable for further examinations oy
he federal reserve banks. These can
3nly be made with the approval OF the
ederal reserve agent of the regional
ank or of the federal reserve board.
nd the expense is charged to the BANK.
Clearing house associations general
have Installed their own examiners
many large cities-Chtcago, New
,ork, St Louis and elsewhere-and
.le Washington Clearing House Asso-
iation holds the right to examine
ny banks having directly or indirectly
learing privileges. SO that 1t would
.em as IL the national banks, and In
lis city all banks, were safe enough
ithout guarantee of deposits.
Treasury Statistics.
Disbursements exceeded receipts Tor
. le day of April by $45.S4s.1s. in
,.-easIng the excess of disbursements
S,r the fiscal year 1915 to this date to
:tI6.o53,s54 as compared with $685.
g4,4s3. for the fiscal year 1914 to the
responding date.
The excess of payments over receipts
or the day Of April s in the general
md was $3,261.3S6.ls, leaving net
.ilance of s30.137,17S.1s.