Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-09-07
LIVELY TRADING DAY
ON LOCAL EXCHANGE
1an.ton Lead. With Strong Closing
at 6O-More Transactions in
Utility Securities.
Controller Calls for Statement as Of
September Blanks Both Gain
and Lose in Deposits.


exchange was decidedly lively today.
There was a larger attendance both OF
members and spectators, and. FORUM
ately. a greater number Of orders at
prices which permitted of their execu-
ton. to the enlargement of the volume
of business.
Lanston was the leader, opening hes
itatingly. becoming a little hrmer. then
weak, and closing decidedly strong at
the top price of the day. There was a
story on the street to the effect that
the company had received another war
order Of fair proportions, and the story
was generally believed. although with
out Official confirmation. the latter be-
ing against the policy Of the manage
ment.
7sh to TIN and to 50. the close being
80 bid and 811a asked.
Capital Traction sold to the extent of
forty shares, in ten-share lots, at S7A
with stock offered at this price and 81
bid when the official quotations were
made.
Railway preferred brought s1A and
s1N, seventy-flve shares being sold,
with 81 the closing bid. Railway COM
washington Gas went on the sales
sheet at 70H.
In the bond list the transactions were
confined to Railway IS. $4,000 of which,
face value, sold at SIX.
Personals.
e. S. Wolfe, cashier of the District
National Bank, leaves here today for
Atlantic City, where he will remain for
ten days.
James A. Cahill, vice president of the
Commercial National Bank, has re-
turned from long touring trip.
Banks Gain and Lose.
Bankers received notice today from
the controller Of the currency to fur
nish a report Of condition at the close
of business September 2. including the
new questions indicated in his circular
last week.
previous and the present calls. June 20
and September 2, are months In which
bankers expect their deposits to shrink.
1t is not the saving season. but rather
the time when savings are used freely
for vacations and outings.
This year it was a decidedly unusual
period. Some institutions that expected
a more or less serious loss were sur
tional banks naturally were generally
unable to maintain their deposits on
June % basis, for the reason that they
have repaid to the Treasury Depart
mSnI b uItl0 over 31,4IO,UVV VI IdA
money. or 40 per cent of the cash.
S3.1s0,ooo. deposited with the banks
from the tax payments OF this year.
The repAyments were made In Two IN
st9llments, July - ana august n- ~. ,,v
32.5oo.o 900 has been paid out by cor
porations and the government in inter-
est and tax money. Only small part
Of these funds has been reinveeted and
q considerable part has been placed to
the credit of investors. This is un-
Questionably the reason why some Of
the trust companies show gains
With the savings banks there are
both gains and losses. sc that it will
require the nnal and complete showing
of all banks to dx the actual move
ment Of moneys between the call dates.
The American Security and Trust
Company gained siss.lss: the S ..a onal
the Continental Trust. $s.4s5.
Bethlehem Steel Company.
Labor has been making an investi-
CATION into the profits and outlook Of
the Bethlehem Steel Company. The re-
port shows that net earnings of $685.
100000 are expected in the next i've
years on $225,000. 900 of war orders.
c. N. Schwab told personal friends
that the company would finish $780,
100000 war orders in two years and
make enough profit to make the COM
mon stock worth $500 a share.
What Is actually troubling Mr..
Schwab is the starting of dividends on
the common stock on a percentage that
can be continued when the European
war ends. He has also told friends that
he expects to see the common shares
sell at $1,000 and be worth it.
Clearings.
New York clearings last week in
creased s9S9,204.140. as compared with
the same week in 1914. Chicago gain
ed S27,137.S31 in the same comparison,
and Boston and Philadelphia 5000, 900
each.
New Bank to Open.
The Northwest Savings Bank. located
on the northeast corner of Columbia
road and 18th street northwest. will
open for business tomorrow
The officers are: DR.. George C. Ha-
venner. president; Guy T. Scott, vice
president; F. c. Bryan, second vice
president: w. J. Neuland, cashier, and
Edward F. Colladay, general counsel
Directors are James NJ. Beau, Will
liam L. Browning, Frederick c. Bryan,
g. L. Burrows. Edward F. Colladay,
Karl c. Corley. A. Edmonston. John c.
T. Fitzgerald. Herbert P Gerald,
DR.. George c. Havenner. Joseph ia
cobb. W. B. Krantz, NJ. D. Mcouade,
Morris. Needle. !. Gutenberg. DR..
Thomas A Poole. William 8. Quinter,
Hal NJ. Remington. oliver Smith, U.
Grant Smith. Guy 7. Scott. Nathan B.
Scott and T. 8. Tincher.