Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-06
MORE ACTIVE MARKET
] FOR LOCAL SECURITIES
Utility Issues Are Favored by In
vestors Who Show More Con-
fidence in Future.
Washington Gas Especially Strong.
Railway Common Easier-Bonds
Also In Better Demand.
By I. A. FLEMING.


change indicated decided improve
ment in the investment demand boil
for stocks and bonds. The feeling
'~emed more confident as to the future
of utilities. and this. too. despite thu
tact that Railway common touched
new low point on this movement.
In all IFS shares Of Railway common
sold from SAX to SAN and back to SAN
with this price bid and IS asked al
the close Capital Traction shares, ir
odd lots, sold at 81, with ssA bid and
ssh asked for quotation lots. The pre-
ferred stock Of the Railway and Elec-
trio Company was nominal at sos bid
81 asked.
The best Improvement in utilities was
In Washington Gas, which advanced
to 721s and 72S, with ~ bid and 70
asked at the close. This stock has been
weak around II and a little better for
some time past.
Forty shares of District National
Bank brought 1881, the usual quota
tion.
Washington Gas SIS were higher at
106; Traction S.. small bonds, sold at
106k. Potomac IS led the bond list and
the price advanced from 99A to 100.
Mergenthaler was not offered under
$50. with 1S6 bid. The fact that every
Did made seems to encourage holders
checked business in Mergenthaler.
Opening for Season.
The Washington Chapter of the
American Institute of Banking will
hold its first meeting of the season at
the chapter rooms Thursday night,
October IA. President Haynes of the
chapter has been made an assistant
cashier of the Riggs National Bank,
and the members of the chapter are
anxious to extend congratulations at
that time.
Treasury Condition.
The condition of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund, s127,-
1852.
Total receipts, s2.2Os,241.
Total payments, S2.399,S02
Ine deficit this fiscal year is $32,-
1855. against a deficit of S16,593,6l2
last year. exclusive of Panama canal
ana public debt transactions.
Financial Notes.
The incorporation of the Midvale
Steel and Ordnance Company for $780,
100000. as compared with the previous
capitalization of s1o.0oo.0oo, is taken to
mean that some of "Carnegie's boys"
with H C. Prick as the chief leader.
are going back into the steel business.
The story of G. NJ. Schwabs liouida-
ton OF large part of his holdings of
bethlehem Steel had no effect whatever
on the market The common stock
cropped to $3.50 yesterday and rose to
$500 again this morning soon after
the opening Pennsylvania Steel.
which the Bethlehem is about to ac-
qufre, has great capacity for rail roll
ing. and is crowded with orders. Con-
1erences for the purpose of working
out details are being held daily
Railroad securities maturing in 1916
tota! s2S3,00O.00o
Northern Pacific earned 7.5s per cent
on its stock for the last fiscal year.
Call money in New York city is 1N
per cent In Washington time money
iss5 per cent on collateral and high
grade loans.
For the first time in some months
New York city, Chicago. PHILADELPHIA.
Boston and Baltimore all show salts
factory Increases in daily clearings. in
dicating an Improvement in business.
ton.