Evening star., 1915-06-24
BONDS WERE IN REQUEST
AND AT F|RMER PRICES
Washington Railway Common Stock
Weak. With a Sale at 9014.
Other Financial News.
BY I. A. FLEMING.

There was some demand for bonds on
the local market today and prices were
shade hrmer. but the stock list was
as slow as usual Investors are hold
ing off. the times and conditions are
not TO their liking. and certain ques
tions may have to be settled one way
or the other before they will show any
thing like their former avidity in ac-
quiriug stocks.
capital Traction IS advanced one
quarter OF a point TO 1851. with a
small bond AT 105Is. Washington Gas
IS sold AT 10, and Railway is at S17s
to 50
WASHINGTON Railway and Electric
common sold at 901s one transaction,
this beng "a points Oft from the clos
ing of last week. and the only sale of
quotation lot during the week There
were no evidences of support under the
list
Mersenthaler was easier on Cribbine
sales.
New Bank.
Bestor Il. Walters, former vice presi
dent OF the District National Bank. and
former cashier and manager Of the
citizens Saving Bank of this city. is
lhout to start savings bank at Hope
well. the new boom town in Virginia,
paay's new plant.
The name of the institution has not
been decided upon. nor the amount of
ca apital
With b 4. Walters will be associated
]. William Long and others.
There are many rumors around the
city of new banking companies being
formed two well defined. although
neither may materialIze.
Chile Copper Company.
The per cent convertible bonds of
the Chile Copper Company have been
listed on the New York Stock En-
change.
Within few years the Chile Copper
Company will he the largest copper
producer in the world. and in all prob
ability will produce its copper at the
lowest cost of any of the large COM
paDies
The recent reports from the property
indicate that the plant. which COM
merced operations in MAY. is working
very Satisfactorily Recoveries have
been SomeW hat better than the en-
Gineers estimates of 90 per cent.
No Clash.
The statement that there had been a
clash between the state superintendent
Of banking of PENNSYLVANIA and the
controller of the currency was not
founded on fact. The controller fur
nished the state superintendent blanks
for the purpose of obtaining informa-
tion which the controller must have
for his annual report to Congress
These forms were sent to all state
superintendents. with full franking
privilege for both questions and re-
plies.
NH other state superintendents of
banks cheerfuNy acceded to the re-
Quest OF the controller; Pennsylvania s
official refused. because he did not feel
authorized TO facilitate the collection
Of hhe data. and that probably will
end The matter. as the information can
be collected from Washington as well
as from Harrisburg. It was in the
nature of courtesy extended to the
pennsylvania official
Financial Notes.
Europe at war indicates a saving by
American tourists of $3.50. .0Oo, 900 ac-
cordinS to the estimate of the Wau
Street Journal. distributed as follows:
IN passage across the Atlantic and
BACK, with other ocean trips, ss7. :
900. expenses conservatively estimated
s22oGeo.000, and the balance made No
hy purchases abroad
Emergency currency still outstand-
ing. si.00o.o0o
Chicago has $500, 900 bonds maturing
next month. They are held largely in
Germany and England Because of the
prohibitive rate of insurance holders
have asked for payment abroad.
Exchange of its s2,50o.000 common
and S2.500.000 I per cent preferred
stock of East Ohio Gas Company bv
Columbia Gas and Electric for the 81
per cent of the capital stock of United
Fuel Gas Company, owned bv Hope
Natural Gas Company. and s1,s65 o0G in
cash puts Columbia Gas and Electric in
strong financial position