Evening star., 1915-05-25
STEADY MARKET AT 81
FOR CAPITAL TRACTION
NJ Life in Rest Of Market-Securl-
tie. Offered Freely, But Not at
Price Recessions.
Money in Large Supply-Bankers
Seek Borrowers-Baltim and
Ohio Earnings-Notes.
BY I. A. FLEMING.

On the local STOCK eNCHaHSe loudS
several lots of Capital Traction stock
aggregating 10o shares sold at the
uniform price of o.. At the close the
bid for more was 9eia. but there were
no offerings under 9Ih
But little interest was shown in the
Railway and Electric stocks. No trades
were recorded.
Local investors either have their
funds placed or are indifferent to dong
ANYTHING at this time 1t is also a
fact that there are more securities for
sale. despite the ease in money. than
can be absorbed by the present limited
demand, but holders are not disposed
to accept lower prices. hence the re-
sulting dullness.
Money for All.
In times of tight money local bank
ers make practice of caring for their
customers as best they can but al
ways. in part at least. In times of
money plenitude customers entitled
to credit Accommodations are cared for
to the extent of their demands. There
is always demand for accommoda-
tons from a large class of would-be
borrowers not entitled to much 1c-
commodation. Just at this time the
legitimate demand is at a low point.
This has been demonstrated by the
Willingness shown by two or ehree'
perhaps more. bankers to make com
mercial loans outside of their reSu-
lar clientele. Whether a customer or
not any one with the right kind OF
collateral can obtain money. on de
mand loans. in this city. at per cent.
Baltimore and Ohio Earnings.
The statement of the Baltimore and
p.;I
of April has just been made pubic. The
showing. while not satisfactory in the
matter of gross earnings. evidences
that by economies in maintenance and
transportation expenses. the company
has been able to turn a decrease of
s441.0s3 in gross earnings, as compared
with the same month last year, to net
operating income gain OF Sl92..45. This
was accomplished by a reduction of
$639,SIS in operating expenses.
For the ten months of the fiscal year.
In comparison with the same months
of the previous fiscal year. there was
decrease of SS,594.132 in operating rev.
enue. The reduction in operating ex-
penses aggregated ss,15S.170, turning
the net results of the ten months op
erations to s21.574.335. an increase of
s1S3.43s. in comparison with the reve-
nue. of the corresponding ten months
of the previous fiscal year.
treasury OOHOlLlOn.
The condition Of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund, s13,524.-
$50.
Total receipts. s2.o57.ssa. .-#
Total payments. $2.3ss,063.
The deficit this fiscal year is s101,-
41o.s35. against deficit of s3s,22S.ss5
last year. exclusive of Panama canal
and public debt transactions.
Financial Notes.
Unless a satisfactory reorganization
plan can be submitted between now
and October / of this year. the Pere
Marquette railroad will be sold under
he hammer.
The pay roll Of the United States Steel
Corporation. March. 1914. contained the
names of 201.s33 workers, and called
'or s1S,o76.s41. September. 1914. the
the payroll s1s.35s.2sa. For March Of
this year the final figures, according
to Judge Gary, are not available. but
are estimated at 1S1 900 employees, and
the pay aggregates s12,550.000.
Rates of commercial paper in New
York city are from 3k to AK per cent.
according to maturity.
Automobile manufacturers are operat-
ing overtime. with increases of % to 95
per cent in wages paid. many employ
ing double the force of men at work
year ago. War orders furnish much
business. Artillery wheels furnishing
no small part OF these orders
The Pennsylvania Railroad Company
placed an order Saturday for 1se all
steel passenger cars at ocst Of about
100000. When this order is COM
pleted the company will have in opera
tion 1923 all-steeI cars.
ad
untitled orders on It's books at the close
of i.s fScal wear March 81. amounting