Evening star., 1915-09-22
LOCAL STOCKS SHOW
A FAIRLY GOOD TONE.
No Urgency in the Demand, But Cap.
ital Traction and Lanston
Were Very Steady.
Local Bankers Receive Inquiries for
Orders on War Bonds-Steel
Corporations Earnings.
BY L. A, FLEMING.

There were indications of lptegestihs
operations on the Washington ex-
change on the afternoon session TO-
day but they did not materialize, ana
the trading was light and without ma
,erial change in values. Capital Trac-
ton found apparently fair support at
s.. and yet there was considerable
stock offered at slightly better figures,
s5G being the asking price. AT the
new low established yesterday twen-
ty-four shares sold. SIS being the price
Lansron sold to the extent a;dady,. OF hadyr
five shares at so, DeinS oeeiueuiS
steady at that figure.
Capital Traction IS were hrmer, sell
ing a; 1864, the fraction representing
the advance. ,oe
Washington Gas 5s were firm at 1O5,
and City and suburban -os oroush'
102i4.
Railway and Electric common, nomi-
nal, - bid IS l.. asked: preferred. 50 Y
bid and 81 asked.
Director Elected.
At a regular meeting of the board of
directors of the Columbia National
Bank Joshua w. Carr. secretary of the
Perpetual Building Association. was
elected a director. TO fill the vacancy
caused by the death of the late Charles
F. Benjamin.
Dividend Declared.
The American Security and Trust
Company will pay quarterly dividend
of per cent Uctooer IL to the share
holders OF record September 5O.
On War Loans.
Some Washington bankers have been
approached by New York houses in the
matter OF possible SUBSCRIPTIONS to the
new loan now Jelng negotiated IN New
York Tor France ana 1reat BRITAIN.
THESE letters nave Deen considered as
ieeIers put out to guide subscribers To
the Ioar IN h,akins tneir SUBSCRIPTIONS.
,lI,.i suCn l.ie Iuii te, ius VI
ag4e~ni.n, Iiaue KNOWN W asnins-
ton vaI.neIs viii hot have anything 20
say itsa.uitis II, anu ~hen tney SUD
scrioe, III tney 40, tney prouaoiy W.l
upvn 1i.vcotiaent as tAey 40
on otner trausactionS-a mater o. I'M
por,oIce on.y 20 t.e banks themselves
anu not Iof puUIic lnIofiIiatiOn
,IeIuany noatIng the tnird war
loan, Imperial Gein,an government .
per cent DOhus. Auveiuseuehls Oier-
ing tnese -uV1ius TO American investors
appea.eu >ew fork papers THIS
mo, ning.
interest is payable January and July
anu VIII accrue from OctoDer Is, 1910.
Tne ponus offered IN New York at
S1iv Ior escn DOnd, l.VVU marks, iace
Vsiue. or ut Il cents on the marx, suD-
ject TO cnansinS prlce OWING TO the
weren't fucIuat,On or exchange. Tney
Will pe ueilevereo rree and like the pro-
posed uonds or notes or FRANCE and
Great Britain are rree OF all taxes In
Germany.
Motor Stocks.
General Motors closed last evening at
323, opened tins morning at 345 and
dropped in few minutes to s3s.
Stuaepaker sold UP points and drop
ped back ~ points.
Commission houses arc increasing
their maisIn demands against these
highly speculative securities and are
wa,chins tine ma, ket ciosey.. he turn
must come sofi> time, ahu when 1t aoeS
ma, gins Win Ue quickly eliminated.
Ctner SlOcKS III the same group are
acting mucn IN the same manner, sem
sa,iOmai advances beins general.
United States Steel.
1t is estimated that the United States
steel Corporauon,' operating not far from
full capacity, will earn in the neghbor-
hood OF s50.O00,Oo0 for the last quarter
of the current calendar year.
This would indicate surplus, after
all charges, OF over S2".Vvo''9o' equal
to ABOUT 20 per cent on the common
stock
Higher prices are making 4 material
adaItion to the earning capacity Oh the
great corporation.
Condition OF the Treasury.
The condition of the United States
Treasury at the close of business yes
terday was:
Net balance IN general fund. s44,-
.26.52o.
Total receipts, s2,s6S,717.
Total payments. S2,I10.142.
The deficit this fiscal year is S3o.-
osl SCI. against 4 deficit of s17.454.693
} last year. exclusive of Panama canal
and public debt transactions.