Evening star., 1915-03-23
LIBERAL GOLD IMPORTS
COMING FROM CANADA
Sterling Exchange Bills So Plentiful
That New Low Price Record
i Made.
Fair Business in Local Bond Market.
Watching Earnings of Rail-
roads-Fnancia1 Notes.
BY I. A. FLEMING.


current year to date. including an order
hooked today. total s33.500.0oo. The
great bulk of the yellow metal hat
come from Ottawa. Canada. where
large stock has accumulated for Eng
lands credit and use, about sl,25o.oet
came direct from London. Denmark
.rnt $500. 900 Japan. 1.25o.OoO; emma
4, 600 900. and South America, about
- ooo 900. Ottawa contributing the BAL
ance.
pAcause of the immense buying Q,
-,,ni,ions horses mules, breadstuHs
and other supplies by the aines. atIu ~
reason of the limited exports. an apPaI
,nt balance of trade of many HlilioHs
w heen established in the United
states sufficient to make both steIHhs
nxcha nge and francs decline TO the low
est point OH record .. "a
new low record on sterIiis, -.
ner pound English. was estapisneu
Veterinary 16 but yesterday the crop
carried The price to $4.1sls per I'm
,ound Announcement of liberal en-
Sagements of gold for import d'o not
help the market
sterling exchange touches s47s4o per
pound gold can be imported prontaoiy
But at this time there is hazard N
undertaking the import from London.
and the Bank of England might NOT
hermit of the shipment of the metal
hence the weakening trend or the eA-
change market ..oo ooo
ottawa has contributed Stl,ooV'ooo
gold since March 1S-
Fair Bond Business.
There was lust fair bond business
on the Washington Stock Exchange to-
day. the feature being the marketing
OF a small block of Potomac Electric
frst mortgage 5s. the first sale In some
weeks. the price being 1oa Capital
Traction 5s sold at 1os and 1865, with
a small bond at 105A.
Railway As were in good demand at
There was nothing doing in utility
stocks. the bid and asked prices re-
naming the same
Bank stock sold at 1S1. Union Trust
Company stock sold al 12S.
Treasury Deficit.
Disbursements by the Treasury Depart
ment of the United States March 20 ex-
ceeded receipts by S432,097, making the
excess disbursements for the fiscal year
10 that date, including Panama canal ana
general debt operations, $l0I,0ao'oae' as
Compared with excess disbursements for
the previous fiscal year 70 the cor
responding date of $5O.495.116. The ex-
cess payments over the receipts IN the
general fund for the same day were
371,422 leaving a net balance OF $3s,-
l60,594.
Financial Notes.
The stock exchange at New York city
will be open Good Friday for the first
time in years. Because OF the closing
from August to reopening brokers do not
want to miss another day.
Rumors that the Cambria Steel Com
pany has acquired the control of the
Bethlehem Steel Company are said TO
have no foundation.
March will be the first full month OF
operation Of eastern roads under the
per cent general advance In freight
rates Railroad men and brokers and
bankers are watching reports closely
from week to week, with q view OF OBJ
tanning a line on the effect Of the In
creased rates. The interstate commerce
commission ordered railroad companies
TO report to the commission the amount
of increases in receipts at the end of
twelve months and at the end OF twen-
ty-four months.
Railroad earnings. gross, for the sec
ond week in March are reported as
follows: Alabama Great Southern de-
creased $s.739. Cincinnati. New Orleans
Louisville and Nashville decreased
sIsS,s05 and Mobile and Ohio decreased
$55,s22, all as compared with similar
weeks Of last year.
Dividend Declared.
The directors of the Union Savings
Bank have declared a quarterly divi-
dend of per cent, payable March 26,
TO shareholders of record March IS.