Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-08-13
LANSTON'S BID PRICE
IS ADVANCED TO IS
Rumors Are Current Regarding Ac'
Invites of the Plants at Home
and Abroad.
Railway Preferred Sold at 81 q, Ex-
Observation-Disclosures Hit by
Commerce Ruling.
BY I. A. FLEMING.

In point or attendance ana NUMBER
of trades made there was decided
Improvement in conditions on the
Washington Stock Exchange today, al
though both attendance and business
recorded was but moderate.
Perhaps the most important move
ment in the list was the advance Of
Lanston Monotype to 10 bid. or more
than 10 points in the last two weeks,
although no sales were made, share
holders asking 80. while further i'm
provement in the bid price would likely
result in the withdrawal of the larger
part of the offerings. There seems. to
be some inside information on the
street on the business of the company
and it's English branch. but it is like
everything else having to do with war
stocks-indefnite.
Washington Railway and Electric
preferred sold at S1s4 ex-dividend.
equal to SO dividend on. The bid on
the common stock was unchanged, 50
bid end SSSs asked.
Potomac Consolidated So were pur-
chased rather freely by investors at
1oOl2: Railway 4s sold at slh, with a
$500 bond at S1a4 and a $500 Capital
Traction sold at 1868.
Greene-Cananea sold at the same
price yesterday, 3Sla.
Dividend.
The Continental Trust Company has
declared a quarterly dividend OF u
per cent to shareholders of record Sep
TENDER 10. payable September 10.
Hard Ccalers Hit.
Interest on the opening of the New
York stock market centered very
largely in the, hard coalers. by reason
Of {ha of he int Sfpt -
merce commission in demanding 10
per cent reduction in rates on coal to
tidewater.
tape with break from yesterdays
close at 1457s to 142. from which point
1t settled back to 1891, loss of 6's
points Reading followed with de-
cline of 3A, Ontario and Western sold
OF from 2S%s, Thursdays last price. to
261s. Delaware & Hudson and Lacka-
wanna had not shown on the sales rec
Ords up to noon. Erie and Jersey Cen
trail were weak.
Estimates as to the loss to the hard
coal carriers by the interstate COM
Inerce commissions decision. according
to leading authority. place sS,000.0O0
per annum as about the probable aver
age.
Anthracite coal is sent to tidewater
largely for shipment to interior points
and coastwiSe trade.
covery in all the coalers. but the re-
bound was not sustained.
Bethlehem Steel.
Bethlehem Steel preferred dropped
10 points from yesterdays close or to
1856. with limited trading. 1t advanced
1874 yesterday, to $50, and the reac-
tion to 155 was severe enough to hurt
spectators
Financial Notes.
italy is the next in line for the pur-
chase of steel ingots, perhaps orders
for approximately 100000 tons.
About s15,000,090 gold is on its way
from Australia for the United States
The yellow metal pours this way and
sterling exchange is so plentiful that
new low records are being made week
after week.
The American Wooden Company is
said to have sufficient stock on hand to
bring. in raw state, $4,000, 900 net profit.
Central reserve cities New York and
Chicago reported satisfactory increases
IN bank clearings Yesterday. St. Louis,
the third city in the group. showed a
decrease of over 100000.
L.eel and iron production is at the
high point: prices show a decided up
ward trend.
The largest rail shipment of steel
rails, 1900 tons. will leave Monday
for Russa via Panama Canal
Delaware and Hudson gross earnings
for June. $4,000: ST Louis and Frisco
earnings for the same month, gross,
increased $4,000, while Lehigh Valley
was off $4,000 in Comparisons with
June, 1914.
First week in August earnings Of
railroads reported to date show in
creases in gross earnings as follows:
chesapeake and Ohio, $32,3S4; Denver
and Rio Grande, $19.l1O: Western Mary
land. S2L.1S1, and Denver and Salt
Lake. s1.s2s. Decreases. as follows:
Chicago and Alton, S63,332 Monon.
$685.; st. Louis and Southwestern.
S2o.ooo; Colorado Southern, $11.S14; Ca
madam Northern. $O4,5OO Missouri
Kansas and Texas. 100000: Texas Pa
cihc. S9.21o, and Minneapolis and st.
Louis. S9,05s, in comparisons with the
corresponding week of 1914.
Condition of the Treasury.
The condition of the United States
Treasury at.the close of business yes
terday was:
Net balance in general fund, $S1. =
:S9.4Oo
Total receipts. s1,774.s4O.
Total payments, s3.96O.673 -
The deficit this fiscal year is sa1.
?26,2ss, against deficit of s2e74.590
last year. exclusive of Panama canal
and public debt transactions