Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-06-22
POSTAL SAVINGS FUND
SHOW LARGE INCREASE
By I A. FLEMING.

Postal savings deposits for the month
of May Increased by 100000. or le0
per cent net gain. A. compared Win inc
totals for the month Of May. 1915.
During the eleven months ended WIN
May the deposits increased about w.
0o0.0 900. or twice over the gain made TOT ~
the entire fiscal year ended June So'
1916: -,
Tha total deposits Juno / were sls1.,
100000. placed to the credit OF Sso'ooo
depositors.
Eighteen cities now have deposits of
over 100000 each In the postal saw.
ings system and eleven have between
$500. 600 and 100000.
Washington is not In either category
as the workers here have commence IN
the various fiscal institutions ana 90
Probably a great part Of the increased
deposits in the system have come from
foreigners and not q little OF the
amount is intended for foreign use, Just
as soon as deliveries can be made IN
safety.
1t would be interesting to know just
how many subscriptions to liberty loan
bonds will be all or partially paid TOT
out of postal savings deposits.
Many bankers reported that they De
lieved much money that had previously
been boarded for indefinite periods was
brought out through the liberty loan:
this being one of the good features Oh
: the flotation loan.
Gas Bond Bids Close.
Bids for subscriptions to an issue Of
Washington Gas Light S per cent bonds
close at O'Clock this afternoon. The
bonds will probably sell close to par.
should the public utilities commission
approve the sale.
Government Bonds at Low Levels.
During the first bond call today on
the New York Stock Exchange further
i II, cot, IN q RI
prices of United States bonds. the bids
being the lowest in years. although
there were no sales.
Registered and coupon So Of 1916
Panama So of 1861, were quoted at So
bid. loss Of 3 points. while registered
and coupon As Of 1925 were 104 bid. a
loss of a point.
the announcement of the liberty loan.
and bankers accredit the weakness to
selling in anticipation of purchases of
the latest issue.
Local Securities.
Public utility stocks and bonds
again furnished the bulk of the BUSH
ness on the Washington Stock Elk
change today. transactions again being
largely in small lots of stocks.
Capital Traction. steady at ~. A sale
of Railway common. the first in some
weeks. was recorded at 20. the bid fig
ures Of the last few days but points
lower than the last previous transac-
tion.
Washington Gas shares were in
clined to weakness. selling of to 72&
and to 12A.
Capital Traction SIS, firm. 1903; Rail-
way IS. nominal: Potomac Electric
first mortgage IS. 101. and Graphic
phone 6s. small bonds. 1904
A small liberty bond was sold on the
local exchange. the first. at par and
one-ffth.
Dividends Declared.
Directors Of the Federal National
Bank have declared the regular divi-
dend for the semi-annual period of 8
per cent: books closing June 26. pay
able July 1.
Total Transactions.
The total transactions on the Wash
ington Stock Exchange for the week
ended today. $50 shares of stock and
SI6,l50. face value. bonds.
Condition Of the Treasury.
Condition Of the United States Treas
ury at the close yesterday showed:
Net balance in general fund, $685.
e4s45s.
Total receipts. $1o.s7o210.
Total payments, $5.406.462.
The surplus this fiscal year is $76.-
05S.069. against a deficit of $29. 331. 2b8
last year. exclusive of Panama canal
and public debt transactions.