Evening star., 1915-03-19
firm Market FOR ALL
washington STOCKS
etnkistfos @ 70 YYeld On Don6s and
Investment Returns of Other
SeCu1itieA
Gtsea Cooperation stattstlcs for the
Year 1914 a. Compared With
ie13-Treasury Deficit.


BY I. A. FLEMING.
Steadily maintained prices was tn,
feature of today on the Washington
Stock Exchange. There was no selling
pressure in evidence in the list. Mod
est amounts of Railway preferred wert
traded In, the first quotation lot a
sSZ, when the price at once rose to IT.
accustomed peg" 81. where 1t remain
ed during the session. A little com
mon stock sold at so.
Washington Gas did not show on the
sale list, but 72ts was the bid price
showing good strength
American Graphophone common
and later sold at 66lt.
\ little Merganthaler Linotype stock
sold at 172.
Bonds were less active, but frm. "A
small Railway per cent bond brought
S1ls. and Chesapeake and Potomac Be
sold at 10ii..
Yield on Local investments.
According to compilations made by
Crane, Paris & Co, the yield on local
bonds If held to maturity, in annual per
centage. based on the quotations of
March Is, which are not appreciably
hanged from the prices of today, would
pe as follows. per cent being indicated: !:
Anacostia and Potomac 5s. 4.sI; Cap1tai
traction IS. 49,: Chesapeake and Potomac
Telephone 5s. $50; City and Suburban 6s,
81: Georgetown Gas 5S, first. i.sI:
Georgetown Convertible So. 4.30: Metropol-
ian R. r. IS, AS; Norfolk and Washington
Dot, loo tYiC
Power first mortgage 5s. 4.4o: Potomac
Consolidated IS. 800: Riggs Realty 5s,
hort term maturity, 40; long term ma
urity. 4.S2; Washington. Alexandra and
Washington Gas SIS, 40; Washington
galway and Electric As. SIS: Washington
Market 5s. all maturities, .. and Washing
on Cold Storage 5s. per cent.
Investment Returns.
The same authority quotes the invest
nent returns on local stocks at the
prices of March IL as follows. per-
-entages again being given:
American Telephone and Telegraph,
80: Graphophone common. 11.I6;
;raphophone preferred. 7.94; Capital
rraction Company Cat go. 5.26; Chaplin
scks. 4.35: Mergenthaler Linotype.
so. Norfolk and Washington Steam
oat Company. 6.66; Security Storage.
u: Washington Gas, $50: Washington
ailway and Electric common, III:
referred. 5.SS: Washington-Virgin
ommon. 6.67; preferred. I.65.
Book Value of Bank Stocks.
Based on the reports of local banks
:. the controller of the currency of
'-ondition at the close of business
arch !. 1914, the book value of the
lye, ,al tS ,Irr 70
as follows:
American National Bank, 314O.6I: Co
mbia National Bank, $230.10. Com
.ercial National Bank, $11S.52; Dis
t~ict National Bank. S132. 43: Farmers
Id Mechanics National Bank. S266.52: ::
ederal National Bank. 31So-59; Lin.
apital Bank, $229.45: National Metro
Titan Bank. s179.61; National Bank of
ashington, s163.S9; Riggs National
tnk. 3323.53: Second National Bank.
itI3: American Security and Trust
,mpany, s176.14: Continental Trust
,mpany. $1.5.sS; National Savings and
-ust Company, S22c.sS: Union Trust
: ,mpany. s12a.82; Washington Loan
I'd Trust Company. s21s.5s: Bank of
ashington Savings Bank. s1S.Gl !;
,me Savings Bank. sSs2.e1: Union
wings Bank, S13O0s-
United States Steel.
The pamphlet report of the United
= I,es Steel Corporation for the year 1914
3 Just been issued II confirms the
I. demonstrated by quarterly state
,nts. etc. that the year was one Of the
1rst in the history of the great manu-
curing combination.
As compared with tiA operations of
-. the tonnage production was s.014.512
*. as against 12,374,S3s. Cement to
= amount Of 9,1I6,000 barrels was sold
= in 1913. Steel rail production was
- So per cent from that of 1913
VI the end OF the year the total sur
!''Is was S135.204.472. as compared
III siJ1. .1as. .429 at the end Of 1919.
Making comparisons with 1919. the
I earnings for 1914 were S65,517,730
SIS: surplus. ss2.554.167 less: avail
lie for. dividends, s57.120..lS less;
lance for common stock dividend.
5.a91.309 less: the number of en-
Dyes, 4a.5oS less and the wages and
.laries paid. s34.826.269 less The
feraSe wage paid was the highest in
c history OF the corporation: general
ADMINISTRATION and selling force ave-
;sed in 1913. s2.a2 day: in 1914, s2.s7
Big Consolidation Coming.
''lans are said to be under way for
he consolidation of the Riker-Hege-
nan Drug Company and the United
iSar Stores Company. George J.
NAelan. founder of the United Cigar
torres Company. and. with several as
'ociates. representing controlling in
crest, Is also in control of the Riker-
1egeman Drug Company
Negotiations have not reached the
stage where definite plans have been
arranged. and the official announce
Eient Of the consolidation is expected
to be made public in the near future.
Dividends Declared.
The Farmers and Mechanics Bank
at Seat Pleasant. Md, has declared a
quarterly dividend of u per cent, pay
able April /. to shareholders of record
.iarcil 81.
National Bank of Washington has de-
clared It's regular quarterly dividend of
: per cent, payable April !. books clos
ing March 25
Disbursements nf the Treasury De-
Tartmsnt OF the Cnited States for
.iarch /. exceeded the receipts by
*l.o94.e11. making The excess disburse-
lnents for the fsral year &c that date
si9S.431.3l0. as compared with excess
disbursements of s4s.3e2.552 for the
previous dscal year TO the correspond
iuts date.
The excess of pa yments in the general
juno. over receipts for March II was
:2.lh5.5os. leaving Il net balance of
s:e,'5.,:22.