Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-09-09
LANSTON LEADS LIST
ON LOCAL EXCHANGE
Sales at 80. and This Price Freely
Bid at Close-Small Investment
Demand for Bonds.
Utility Shares Nominally Steady
Traction Company and GRAPHIC
phone Dividends.
BY l. A. FLEMING.


sion of the local stock exchange. with
more steadiness and but one price or
the transactions made-SO. There were
unified orders at that figure when the
supply was exhausted. though stock
was offered at SOL.
A number of small transactions in
bonds indicated some buying by m
yestors, but the movement was de-
c!dedly limited. $500 Capital Traction
bs bond sold at 1o6: Washington Rail-
way As sold at 81 4 for round lois ana
8, for $500 bond. For the first time
in months odd lots OF Norioih anu
washington Steamboat rs. small bonds,
sold at 1867.
The utility list was represented IN
the trading by one safe Oh n"ii""
preferred at 81.
Quotations on the utilities were:
CAPITAL Traction. 81 bid, 5. e asheu
Railway common, 50 bid ana 81 asssa
asked, though there was sale at 81
washington Gas, 20 bid and 7oA asked
Gold and Securities.
Shortly after the breaking out OF 'he
European war Great Britain accumu-
lated whatever gold she could coliece
on this side from the United States IN
4 fund at Ottawa. Canada This tuna
was added to from time to time until
the situation was reversed ana Great
Britain became the debtor nation. IN
due time the Ottawa gold was was an AZ
shipped back to New York: Then TO
eoualize the market for sterling, as !af
as possible. or to check its deprecia .
ton, gold and securities were sent
from London here. three shipments as
follows:
August IL. gold s1s.5oo.ooo; seeuri-
ties. $25,0oo.o 900: August 80. gold, s19.,,
100000: securities. $40 10000; and na
September s. gold SlsTS S3s aha se
total Of SIS. 500. 900 gold and sss.ooo.oao
Of securities that have been sent over;
the latter being obtained from IN
vestors in exchange for new loans or
by. purchase by the British govern
ment.
Railway Earnings.
A group of southern railroads report
ing their earnings for the fourth week
of August show the following de-
creases as compared with their earn
ings, gross. for the same week of 1914:
Missouri. Kansas and Texas. SS1 .435 F.:
Mobile and Ohio. $51.4o1; Southern Rail-
way, SSO,512: Texas Pacific, $3.50.
These losses are probably due to the
holding back of cotton from the mar
ing with any freedom year ago.
Chesapeake and Ohio fe- the fourth
week of August in the same COMPARE
son showed gain of s175,142 and
Louisville and Nashville a gain of
$47,4aO.
New York Central seems to have
made a rapid recovery of its earning
power, and the results for the first
half of the calendar year the dividend
was fully earned, with something over
for surplus.
New York Central carries a much
heavier traffic in the second half of
the calendar year. and the chances
are that a handsome surplus will &C
crue from operations. Its affairs are
IN such condition now that the re-
funding operations, requiring some
$35,000.000, can be concluded at the
pleasure of the officials.
The directors of the American Graph
ophone Company have declared q
per cent dividend, payable October II,
on the common stock of the corpora
lion.
The Capital Traction Company has
declared 1 4 per cent dividend, pay
able October l. to shareholders. Septem-
Der 10.
Copper Production.
The Greene Cananea Copper Company
produced for the month of August 101.-
liz uonces of silver. 473 ounces of gold
and 2,s02.0 900 pounds of copper.
The output of the Braden Copper
Company in August was 2.s5s.o00
pounds. compared with 2,s90.000 pounds
in July and 2.542.000 pounds in June.
The mill treated 100000 tons of ore.
averaging 2.19 per cent copper, mill
recovery being T.12 per cent, COM
per cent in July. of which the recovery
was 1858 per cent.