Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-12-09
fixing, should the government conside,
more of it necessary.
Government Depository.

| ASSSAAA0SAS 0SHOoAIoAys
| Thtfe are now 3.S1S government de-
positories for funds, properly secured.
upon which 2 per cent interest rates
are charged. Interest paid in 1913
| totalled s122,21S, in 1914, $1.40s, 426; in
1915. s1,222.706; in 1916, 1915 and
| in 1917. $1.661.922, these being collec-
tons for the fiscal years ended with
June 80. State banks and trust COM
| tories total 1880.
Designations cover both the sale of
| Treasury certificates and liberty bond
sales, the funds received in the bank from
! them.
These banks are part of the great sys-
tenn. with all national banks. at the COM
mand Of the Secretary of the Treasury
On the Local Stock Exchange.
| In the great majority of securities listed
| on the local stock exchange buyers and
sellers are 30 far apart in their views
that trading In the stocks and bonds.
| to impossible
In yesterdays quotations Mergen-
tha1er was reported held at 127h with
1875 bid; Lanston Monotype shares were
60 bid and 20 asked; railway common
stock, Sc bid and 10 asked; the bank
shares have all been well supported:
Chapin-Sacks is quoted $50 bid. $50
asked; District of Columbia Paper Com
pany, 140 bid, 200 asked; Security Stor-
age. 1856 bid. 200 asked. with Z to Is
points difference in trust share bid and
| asked figures.
A few Of the bonds are close enough
hope for a transaction now and then.
but many others are far apart.
There seems to be an occasional in
curry for few shares of Capital Trac-
ton. little demand for railway pre-
ferred, but the rest of the share mar
ket. with the exception of an occa-
sional sale of Washington Gas, is very
slow.
Prices have not made any appreciate
recovery and no one looks for any i'm
provement until the problems now be-
fore the utility commission are salts
factorily handled.
The commission has the necessary in
formation before them; they under
stand local conditions better.
1t is probable that investors would
rather have the commission solve the
problems in the best way for all con-
cerned than to have representa-
tives and senator's In Congress take a
hand. although they show an interest
in the matter and some little inclina-
ton of intent to take a hand in the
settlement.
Must Hold or Sacrifice.
THESE are the days when investors
should. IL possible, hold their securities
despite the natural inclination of prices
to go to lower levels. The great amount
of financing which the government
must undertake Is sure to make money
high. and there can be no advances un-
der the prevalent conditions.
1T is within the possibilities that hold
ers Of millions of securities will be
asked within the next few years to
grant extensions. this on short term
notes and on maturing bond issues.
The Wall Street journal makes the
statement that 81. 500. 100000 maturing
notes. bonds, foreign loans. etc. viii
have to be taken care of in 1913
These NATURES and federal financing
do not make for any ease in the money
market and make for quiet security mar
kets with a certainty Of small price i'm
provement.
Bache on Railroad Situation.
J. S. Bache is plain spoken. He has this
to say:
The Interstate Commerce Commission
has for many years regarded itself as
punitive body and has always based its
action and its rulings upon that concep-
ton. It has thus followed that our great
- A.