Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-09-28
MERGENTHALER leader
IN THE LOCAL MARKET
Investment Buying Orders for Small
Lots of Stocks Are Increasing,
With Prices Firmer.
Decreased Earnings for W., B. & A.
Electric Road-Washington STOCK
Exchange Closed Wednesday.
BY I. A. FLEMING.


The Improvement in the local secur-
ity market continues, the current low
prices bringing in many small invest
ment orders, and the aggregate seems
to be Increasing.
There are also evidences that lead to
the belief that higher prices are
probability.
The leader was clearly Mergenthaier
Linotype, where quite large amount
Of trading was recorded on an advanc-
ing scale from 179 to 1S1 and a hrm
close at the outside figures. Reports
of war orders. on which satisfactory
profits are in sight have been current
for months and the demand gives Gre
dence to the reports
Lanston Monotype shares were
higher and strong at 81.
little Railway common sold at SO.
an. advance of q point over Monday
price, while the preferred was STEADY
at 80!s.
Odd lots of Washington Gas sold at
71K and with a fve-share lot of
Graphophone preferred at 81 completed
The bid price on Capital Traction
was raised to S5a4 and the asked price
to sS1s.
The stock exchange stands adjourned
over tomorrow in honor of the Grand,
Army of the Republic.
Appeals to Citizens.
George E. Fleming. president of the
District Bankers Association, has APP
pealed to the citizens of the District to
transact their business with the banks
tomorrow before 10 o'clock and after
the parade of the G. A. r.
w., B. & A. Earnings.
Directors of the Washington. Balti-
more and Annapolis Electric Railroad
Company have declared the regular
quarterly dividend of 1 Y per cent on
the preferred stock of the company,
payable September 80.
The gross revenues of the company
for August were $71.767.17. as COM
month in 1914; reduction of s3,072.23
Operating expenses for the month in
the same comparison increased 81
ss1-I9. Total operating expenses were
After deducting taxes. fixed charges.
etc. the company reported a surplus of
$9,167.5S, compared with $15.319.95 sur
plus for the same month in 1914.
Surplus for the eight months of the
calendar year ended with August is
given as $42,679.S2. a decrease of
SS,624.18 as compared with the sur
plus for the same period in the pre-
Financial Notes.
The Missouri, Kansas and Texas Rail-
road Company has been placed in the
hands of a receiver. President Schaff
of the company has been named as the
receiver. The road may yet be saved
The New York Central Railroad Com
pany has placed an order for 10000
tons of steel rails for 1916 delivery.
officials of the road assert that gem
eral business conditions are improving
slowly.
Sales of stock yesterday on the New
Iork exchange totaled 1,450,96O shares
"a real record session.
George F. Baer. former president of
he Reading system. left an estate Yal-
led at $3.239.l32.
4 Boston banker just back from a
our of western and middle states says
Lat the jitney competition with the
electric trolley is a thing of the past
"a nearly every city sentiment is
against them. and in most places they
come under regulation, taxation and
tie necessity of furnishing bonds.
Since September / freight cars have
b:en ordered by roads to the number Of
Consolidated Gas. Electric Light and
rover OF Baltimore. for the fiscal year
ended June 80, despite depression
showed an increase of s33s.5O6 gross,
or 81 per cent: while the net gain was
IS per cent. Gross income from gas
sales increased s124.714; electric light
and power sales increased $227,261.
Customers purchased 1901 shares of
stock ander the monthly payment plan
offered by the company.
Railroad earnings are showing a sub
stantial Improvement. Southern rail-
roads are recovering part of their loss
Through the 1914 decentralization in cot
ton. Slight gross gains are being made.