Evening star., 1915-06-23
CAPITAL TRACTION IS
WERE WANTED At 1O5
Washington Gas Bonds Also in Re
uuest-No Business in the
Stock List.
Balance in Treasury Increasing.
Foreign Credit Negotiations-Ana-
conda Copper Doubles Dividend.
BY I. A. FLEMING.

ness on the W aSnlnStoi SloSh LA
change today. but the betterment was
entirely in bonds, stocks continuing al
most lifeless. Capital Traction 5s were
the most active, and very steady at lo3
Washington Gas IS also sold at the
same price 105. with small bond al
104&l.
In the stock list odd lots of Mergen-
thaler Linotype shares furnished the
only trade. sales being made at 1s2 ta
and ISL.
Public utility stocks remained NOM
inal, without change as to bid ana
asked prices.
Treasury Condition.
The condition OF the United states
Treasury at the beginning of business
yesterday was:
Net balance in general fund, s2',S'z'
s1t total receipts. s4.2s9.sse: total pay
mants, Sl.h66,I1s.
The deficit this fiscal year is $780,
asS.eo5. against q deficit of S23.9oo,94i
last year exclusive of Panama cahai
and public debt transactions
Greene-Cananea Copper Company
The Greene-Cananea Copper Compa ny
g planning to apply for the hstlns OF
,,s $50 oec ooo capital stock on the New
York Stock Exchange. Time was ~hen
there were occasional transactions In
this stock in Washington. but II mas
now become like score Oh othS.
securities on the local hist, entireiS
neglected.
it probably will be wIthdra"n IRON
ha iIStlngS.
The company started t~o iui ihaee-
recently and produced the nrst coppel
since the 18th of last August Ahothei
furnace will be blown in next week
Foreign Financing.
The financing of war orders, appar'
entity an easily accomplished fact II
the United States. is bothering Cana
dian bankers. Recent proposals io
the issuance of currency agains
French and Russian bills in Canada
were without success. Canadian bank
ers giving much thought to handling
the crop movement. which VIII bs
made harder because the usual redls
couut market in London is not avail
able
"A $50. .ooN, 900 French loan, based on q
like amount of senior securities OF
American railroads has been an.
by much larger financing of the same
character to the credit of both France
and G-eat Britain These credits are
for the purchase of supplies on thi:
side and the maintenance of the n,arke1
for foreign exchange.
Over-the- counter sales are said tt
have been quite feature in the fota-
tion of the latest British war loan
bonds being sold in denominations dowr
to SIS.
Some Improvement.
There is a slow Improvement IN tine
earnings of prominent southern rail-
roads, as evidenced by the turning
point in Baltimore and Ohio to it's frs
gross gain for the month of April, anc
by loss of but SO per cent for Louis
vile and Nashville during the frs
week in June in gross earnings, as
compared with Ill per cent loss the
first week in May. But the improve
ment is less marked in some other
roads. Southern Railway gave mos1
encouraging report of operations for
the last week In May. with rs per cen,
gross decrease, but for the first week
in June lost 1873 per cent in gross
=. earnings. Comparisons are made with
corresponding weeks of last year.
Twenty per cent decreases in gross
were quite common with the closing
months a year ago, SO that, even though
the situation is by no means satisfac'
tory. it is improving. By the clos
est kind of economy in operating ex
penses gross losses are frequently
turned to net gains.