Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-03-18
WASHINGTON GAS IS
THE MARKETS LEADER
Prices Easier Under Fair Selling
MOvement-Bonds Are Active
and Strong.
Expect Re-Enactment of War Tax
Measure-Railroad Earnings
and Financial Notes.
BY I. A. FLEMING.

WASHINGTON Gas shares We're the
leaders at tod&,-'s session of the stock
exchange The advancing trend that
has been noticed during thu, last few
days was halted, prices turilnG Tor
about :. point decline under offerings
OF ia shares of stock. rather liberal
selling ON this market From IS. the
FIST price. fractional declines brought
the stoci. TO 10y. and at the close -
was the best bid.
Washington Raiiway preferred con
tinues to hold around 81. and very
steady. but at the close the bid price
was dropped Il Of point.
For common stock. IS was bid. so
asked.
There was 4 good business IN bonds.
four issues being traded in. Potomac
Consolidated ~ We're steady at s"l.
Washington Gas IS strong at l0' 70
1867 Railway As We're also firm at ST.
Dividends Declared.
Tho american Securts and Trust
Company has declared the regular
quarterly dividend Of :; per cent. pay
able April i. to shareholders OF record
March IL
The Farmers ..uG Mechanics National
Bank " tieorget own has declared a /
per cent extra dividend, payable Apr'i
!. TO shareholders of record of March
The Eastern Light and Fuel COM
many has declared - per cent quar-
terly dividend, payable April l. TO
Shareholders OF record March ="
Emergency Currency Retired.
Hardly more than > per cent--to he
exact "a per ceut-of the issue of
emergency currency put out under the
tldrich- Nreeiaud act is still outstand-
'rls. OF the entire issue of Fosa.o59oo"
there has been redeemed either in law
full money or national bank notes the
SUM Of Sss2. Si.056. and there is exact
" s30..03.S4o III emergency currency
outstanding.
The emergency currency. redeemed
Yesterday amounted to Si.330.I5V The |
redemption for the preceding day was |
se57.s45, Assistant Secretary Nahum |
of the Treasury department. i'll charge !
OF finances, has decided hereafter to |
make only weekly statements of the |
redemption.
Treasury Statistics.
Receipts by the Treasury Department /,
Of the United States for March 16 cN- |
ceede,i the disDur sements by S41o.2ii. |
making the excess disbursements for |
the fiscal year to that date $lo5.:i1 81.
as compared with excess disbursements |
of 349.044.1 loo for the previous fiscal |
year to the corresponding date
Emergency Tax May Be Re-enacted.
II is reported that Oscar W Under
wood, former chairman of the ways |
and means committee of the House of |
Representatives. now a senator from
Alabama. has expressed it as his opin- |
ion that from present indications, i, |
- he. TO no
actment of the war tax measure when |
Congress is again in session.
Mr.. Underwood is reported as saying
that il the European war lasts sixty
days longer there will be no doubt
about the re-enactment of the war tax
law, and that even If the war should
end within a shorter time, the govern |
ment would have great difficulty in
existing without the revenue legisla- |
ton going through again. Mr.. Under |
wood and others In close touch with |
the state of the nations finances are |
said to believe that for a considerable |
time after the conclusion of all dis (
turbances in Europe the United States /
will be compelled TO resort to special |
expedients and extraordinary eco
nomics TO maintain the Treasury in a |
sound condition. |;
Financial Notes.
The United States Steel Corporation |
has booked orders for 5000 tons of |,
girder rails and 1000 tons of portab BILE |
track for France.
Galvanized wire products have ad- |
vanced - a ton.
Heading has declared the regular
common dividend for the quarter, > |
per cent. PAYABLE Ma Is. to sharchold- |
crs o. record April IS
Calumet and Arizona Mining CON
pany showed net earnings of s$,0s5, 52o /
m 1915 compared with 34,Oi4, $50 4
FOR tire previous year. Per share the i
net earnings were 1929 in 1914 and
$500 for the previous year.
st. Paurs gross earnings for SIX /
months. ended with December 81, 1914, |
are given as 348. 7s0. 600 After all charges, |
A255.6o4 was carried to the surplus
account. which at that time was $751;
l1S.o2e.
Canadian Pacific's earnings for ,he
second week in March showed de- |
crease of $4,000, as compared with
the earnings for the same week IN |
1874, and for the period from July ! |
10 March IA. the decrease, as compared !
with the same period in the previous ,
fiscal year, was s22.46lS13 J
Chesapeake and Ohio's earnings for
the second week IN March, gross in
creased s3S,230. as compared with the |
earnings of the corresponding week of
has. year; from July to March a. the |
gross earnings increased 3690.345, as |
compared with the earnings for the |
accommodating perSod in he