Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-06-27
LIBERTY LOAN BONDS
ALLOTTED LOCAL BANKS
BY I. A. FLEMING.

Washington bankers received notice
this morning of their allotments on
subscriptions to Liberty loan bonds ana
spent the greater part OF the oaS III
computing the relationship between 'he
subscriptions on file and the alot"ehts'
All subscriptions under $4,000 were
allotted in full, and all the smaller sun
scriptions taken on the installment pan
of payment.
Some banks sent in their SUBSCRIPTIONS
on these orders in a lump sum. and. as
ANYTHING over $4,000 to $25O.Ooo was
scaled 10 90 per cent and above this
figure to 80 per cent. some of the banks
will not he able to fill orders Of Gus
toners without buying bonds
To remedy this condition the federai
reserve bank of Richmond has asked
that any bank having more bonds al
lotted than it desires shall sell its sur
plus bonds to banks that must nave
them to fill orders.
The federal reserve bank of New 1ork
allotted S1oO,0OO,0OO Of subscriptlon
money to the banks in that district, being
TIE first To announce the allotment OF oe-
posits among the various institutiois. =;
Washington has been little $40" III
getting its securities vZed by the COM
mittee named by the clearing mouse
association to pass upon collateral. SO
that allOtmentS OF uepoSieS 1A"'
been announced for this CITY.
The committee is working far into the
night passing on securities, put as YET
only eight patches Of collateral nave Deen
sent to Richmond. 1t is expected tnat az
applications will be received and passed
on within the next few days ana an
nouncement made of the placing OF gov
eminent deposits.
money in New York city banks indicat-
ed the probability of easier money IN
that center. where call money mas peen
strong at per cent and Industrial time
money firm at sig per cent.
The financing of the liberty loan sub
scriptions has tied up considerable
money in the District. and an aliot-
ment of s3.50O.000 to 100000 OF gov
would be :. material help o the situa-
ton. especially as the first 20 per cent
payment on tax money by the natlonai
banks to the Treasury Departnen.
must be made July Is, calling for ABOUT
100000.
Southern Railway Earnings.
For the third week of June the South
ern Railway Company showed gross earn
ings of S20S0.04S, as compared with 81.
749.S57 for the corresponding week OF
last year, an increase of s330.19l, or 1871
per cent.
June y. 1917. inclusive. the gross earn
ings of the system-s102. 3O4 ,559-were
sl2.303,706 greater than for the same
period of the previous fiscal year, an IN
crease of 1857 per cent.
Gold Imports to Date.
Gold imports this year to date total
s4e2, 231 900. and the total for the three
years, 1e15-16-17 to date, Is 81 .62s.s31.
The latest shipment is from Canada
s9.700. 000-shipped to j. p. Morgan q
Co, all of which has been deposited in
the federal reserve bank at New York.
Local Securities Slow.
The bulk of the restricted business in
local securities on today's session of
the Washington Stock Exchange was nj
bonds. with Railway As leading In in
terest at ISIS, practically yesterdays
closing price.
Potomac Consolidated 5s were steady
at 80. Graphophone IS were easier.
with one sale at 100A.
A few odd lots of stock sold at l46 y
and 1857 for Mergenthaler and 6sA
for Lanston. .m...
Liberty Loan Bonds.
Reports from New York indicate a
good demand for liberty loan bonds to-
day with large sales at a slight pre-
MUM and a number of odd lots at par
Condition Of the Treasury.
Condition of the United States Treas
ury at close yesterday showed:
Net balance in general fund, $685.
Total receipts. $474s.017
Total payments. s5.951.465.
The surplus this fiscal year is $685.
SS4.tS5. against a deficit of $1s.35S.492
last year. exclusive of Panama canal
nd <1nh