Evening star., 1915-11-13
NO LIFE IN MARKET
FOR LOCAL SECURITIES
Washington Railway and Electric
Shares Are Ex.Dividend-What
the Quotations Show.
Bankers Are Expected to Buy Bonds
After the Next Call by Con-
trolIer-Week's Record.
BY I. A. FLEMING.

The final session of the week on the
local security market today failed to
develop any special activity or interest
in either stocks or bonds.
For the week ended with today the
total transactions were but S10,OAo
bonds, face value, and $40 shares OF
stock. Capital Traction being the lead
er of the stock list and without any
especially prominent bond transac-
tions.
odd lots formed the entire business
in stocks today, the prices on these, 3
to IL shares. in the aggregate, but "a
shares. in securities, were as follows:
Hallway preferred, ex-dividend. 81 q
Mergenthaler. ISL; Union Trust Com
pany, 120, and American Graphophone
preferred. at 11212.
The shares of the Washington Rail-
Wa. l.. CT ic Co-.isan, Wee both
ex-dividend today. which justifies the
di.-G M of common was held at
sS. with 81, bid; the preferred at SO.
witt 81 a bid
Next Week.
The took 20 improved business
net week is not es. ..eciaily sati factory,
unless tne banks enter the lists as
buyers OF bonds.
A cali from the controller of the
currrncy is exp cted each day, and
bark IS are naturally anxious to make
as GOOD showing as possible Just at
pres mt they arc not taking on new in
vestments IN bonds, Il are lik -ly to be
fo"n in the market ter the call.
Thc annual election of officers on the
Washington Stock Exchange will be
held W dnes ty. and the new constitu-
tion is to be read on that occasion. 1t IL
also in the posi- i.ities that some ef-
forts will be made to enlarge the trad
ing list.
Financial Notes.
The first case under the Clayton act
relating to fixed prices by manufac.
turers has been decided by the United
States court of appeals. New York
district, in favor of the manufac-
turer, "the Cream of Wheat" case.
The Thompson -Starrett Company
will retire s500.o00 of preferred stock.
not by a new issue. but by redemp-
tion at $40 share. Consumers are
begging for their finished steel prod
ucts an dthe manufacturers are un-
able to meet the demand.
Dun's reports improvement Of busi-
ness generally at remarkable rate.
Bradstreet's blames weather for dull
ness in some lines.
Henry Clews Is a bull on the mar
ket. He does not believe that the
forward movement has reached
climax"
Electric Boat will pay 8 per cent on
both common and preferred shares and
per cent extra. also
C,icago Great Western reports in
creases for first week in November. az
compared with the earnings of the
same week in 1914. of 1855: Detroit
& NJ ckinac of $2.903; Grand Trunk. of
$79.S24; Southern Railway. of s's0,511.
and Texas Pacific. of s395. These are
signs of the times with the railroads.
Automobile output for the 1916 sea-
son will be more than 100000 cars. an
increase of 250.000 cars.
Combining corporations engaged in
the manufacture of munitions is one
OF the favorite forms OF effort in Della
ware these days.
Condition of the Treasury.
The condition of the United States
Treasury yesterday was:
Net balance in general fund. s11o,-
fss,350. total receipts. s1.927,3S1; total
payments. s4,O23.5s5.
The deficit this fiscal year is s4s 1;5.-
sos, against deficit of S46.545.77s last
year, exclusive of Panama canal and
public debt transactions.