Evening star., 1915-11-11
AMERICAN BANK STOCK
SOLD RATHER FREELY
Block of One Hundred Shares Liqui-
dated at $50 to 150 1-8-Closing
Strong, With $50 Bid.
Light Business in Other Securities at
Steady .Prices-Bonds Were Neg
lected-Financial Notes.
BY I. A. FLEMING.

There appeared to be a fairly good
demand for Washington stocks on the
local market today, and fortunately
there were sellers at the bid prices,
so that reasonably good days record
was made.
Clearly the feature of the session was
the sale of block of 100 shares of
American National Bank stock. for
which the bidding was sufficient to ad-
vance the price slightly even under
persistent selling of sabre lots. The
sales We're at $50 and 1905, with $50
bid after the block had been liquidated
The last sales of the stock were made
at $50. so that the market took the
stock in good shape.
Washington Gas was steady at 72A
and 1212, while small sales were re-
ported of Capital Traction at S77s and
of Railway preferred at S2k.
Graphophone preferred was In de-
mand and sold at 112.
Mergenthaler steady at ISL.
Bonds were entirely neglected. though
the quotations showed the usual
strength in the list.
Financial Notes.
Bethlehem Steel Company is said to
be showing net earnings of between
$4,000 eco and $50 600 900 annually.
Anaconda Copper will go over the
year without a pound of surplus stock
on hand.
Estimated gross earnings of Northern
Pacifc were s7.111 900. an increase of
S46fS47. as compared with the same
months showing in 1914
Yesterdays reaction had all the ear
marks of the end of the bear move
ment. Brokers very generally had
warned their customers and when the
margins were exhausted the stocks
went over
William B Thompson has purchased
the Simplex Motor Co. being of
his n'ans for the develop vent of the
Wright oe-on1nne business
Maxwell Motor Comn-ny plans an
fssu" Of first preferred stock to settle
back dividends on the first preferred
ferred is to be in the shape of war
rants convertible into first preferred.
Needed financing of motor corporations
might much better be made from prof
its rather than by new stock issues. It
causes lack of faith in the earnings
being UP to promises.
Willys-Over1and is retiring s4.4S3700
preferred stock with new issue of
SIS 100000 per cent convertible pre-
ferred stock and is also causing some
IN sight S12. 1000. 900 net earnings for the
current year. sufficient to pay per
cent on the new preferred and leave
$50 share for the common.
Pennsylvania's earnings for 1915 are
estimated to be nearly per cent
Eastman Kodak will pay an extra
dividend of 1914 per cent December 81.
books closing December Is. This will
make so per cent on the common stock
for 1915.
No further installments are due on
the Anglo-French loan until Decem-
Der Is.
Twenty-Five railroads for the fourth
week in October show an increase of
S-4s per cent, in comparison with the
same week of 1914.
Condition of the Treasury.
The condition of the United States
Treasury yesterday was:
Net balance in general fund. s114,-
3s2.206
Total receipts. s2,442.S25
Total payments, s4.437.0S3.
The deficit this fiscal year is s44,-
3s4.s54, against a deficit of s42155,5I3
last year, exclusive of Panama canal
and public debt transactions.