Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-08-21
NPESEH|NG STOCKS
ATTRACT ATTENTION
Holders of These Securities Anxious
for Official Information on
Trade Outlook.
Sales to Date on Utilities and
Reason for Present Inactivity.
Financial Notes.
BY I. A. FLEMING.


local securities around brokers' Offices
this morning. Brokers were seeking
more inside information in connection
with Lanston, interest being especially
active in the matter of the expected
dividend resumption with the month OF
September. Moreover, friends of the
stock hope that the resumption may be
made quarterly from this time on and
look for larger distribution, If the ru-
mors OF war orders sublet to the Mid
vale Steel Company turn out to be cor
rect
While the shares were weak on the
local market yesterday with no bids
near the high of the week, S2k. the
stock moved more or less freely at S3hs
in Philadelphia.
A sale made Yesterday of Mergen-
taa!eT at 1927, the high price Of the
wear. attracted some attention, as ii
was made at the buyers option during
thirty days. the first sale Of this char
acter for two years. Rumor has it that
Mergenthaler is also busy on a NUM-
tion order. but no facts or amounts are
mentioned.
Public Utilities.
With the intense dullness now pre-
vailing In the public utility stocks one
might not give credence to the fact
that 1909 shares of these securities
have been traded up to the close Of
. the market yesterday. 2.415 shares of
Washington Gas. s.0Os shares Wash
fngton Railway and Electric and 2,62S
shares of Capital Traction
Nor yet that 1850 shares of all
stocks and $1.20S, 900 of bonds had also
changed hands.
The inaction in the utilities is the
chief cause of the almost nominal mar
f xst . OF today today, Investors are waiting
valuation Of the properties by the ex-
perts of the Washington public utili-
ties commission; the hearing before
the commission on the separation of
the Washington Railway and the Poto-
mac Electric Company, Joined together
by act Of Congress. and last, but not
least. the full effect of the jitney COM
With these various handicaps re-
moved, the earning power of the utili-
ties would make for more active
stock market.
Financial Notes.
J. g. Bache & Co. of New York assert
that the western railroad presidents
will ask for a rehearing Of the west
ern rate case in the immediate future.
Around the banks in Washington, as
elsewhere, the demand for financial ac-
commodations is very light In New
York the absence of commercial paper
has been disappointing to bankers, who
have hoped for an advance in the rate,
and grain paper is not in large supply.
Business people are cautious-due
largely to the uncertain international
August IS the National City Bank of
New York win open a branch in
Havana. takins-over the business Of
the National Bank of Havana. Branches
Jamaica. Kingston and elsewhere.
1t Is stated that the appeal in the
case Of the United States vs.. the q. s.
steel Corporation may not be filed by
the government before February. 1916.
The New York Air Brake is in line
booked.
Total rail purchases for Russia for
the year. 100000 tons. of which IS. 900
tons went to the Carnegie Steel Com
pany. $4,000 to the Pennsylvania Steel
Company and $4,000 to the Cambria
Steel Company.
Alton had a deficit Of 1880. 900 last
year.
Condition Of the Treasury.
The condition Of the United States
Treasury at the close Of business yes
terday was:
Net balance in general fund, $780,
sl7.4so.
Total receipts. $l.7o5.sss.
Total payments. $2.Sos. $685.
The deficit this fiscal year is $685.
595,819, against q deficit of S1O.620. 0i0
last year. exclusive Of Panama canal
and public debt transactions.