Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-06-28
WASHINGTON GAS FIRM,
WITH ADVANCE TO "A IL
Capital Traction Bonds Firmer
Stock Sold at 00-0ther Is
sues Were Nominal.
Local Investors Will Bid on New
York 41a Per Cent Stock.
Financial Notes.
BY I. A. FLEMING.

There was decided improvement in
the volume of trading on the Washing
ron Stock Exchange today and the re-
investment of some of the July in
terest and dividend payments was in
dictated.
The chief improvement was in Wash
ington Gas. in which moderate trans
actions were recorded with an advance
IN the price from 1875. the current fig
ure at the opening. to "A. and later
% Az 1t is understood that the earn
ings of the corporation are ahead of
last years to the same date and that
the officials confidently expect to be
BILE TO fully earn the dividend during
-he year
There was little more doing in
capital Traction. with odd lots selling
1T 9oa4 and 81. but quotation lot sold
at 80
Railway and Electric securities were
entirely nominal and unchanged as to
hid and asked prices.
Capital Traction per cent bonds
were decidedly firm and closed 4 OF a
point higher than the opening. First
sale was at 1854 and last at 1861.
These were the only bonds traded in.
Railroad Securities Held Abroad.
L. F Loree, president of the Della
ware and Hudson Company. is respon-
sible for the statement that 5000, 000,-
600 railroad securities of American
roads are held abroad. Mr.. Loree sent
requests to 14o railroad corporations
making INQUIRIES as to their .; shares ares
books. Replies were received from
1856 companies. Railroad bonds held
sbrad were ascertained from income
tax slips.
81 af
bonds that are repayable only i'll francs
and not at all likely to affect the mar
ket. Great insurance companies in
England hold millions OF bones. not
likely TO be marketed save IN the event
IF great necessity: also large amounts
ere held in trust and by wealthy peo-
pie.
Local Investors Will Bid.
Bids for s71.0OO.900 New York city
81. per cent corporate stock are to be
opened in New York tomorrow. All in
.,ications point to most successful
sale: indeed. number of bids by syn
there will be many syndicates. large
and small, bidding for blocks of the
stock, which has all the merits of
bonds of the municipality.
Washington will be represented in
the bidding. and it is within the prob
abilities that over s150.0e0 of local
money will find investment.
A number of banks and trust COM
panies will be represented in the bid
ling. as well as individual buyers.
Financial Notes.
The construction of the new Polk
street station in Chicago will call for
100000 of structural steel The station
itself will cost 100000.
Estimates of dividends and interest
payments for July. according to the
Wall Street Journal. are s2S5.500.000.
The Robert Dollar Steamship Com
pany. operating five steamers from Pa
life coast ports. has abandoned Ameri-
can registry and will take British reg
4 headquarters to Vancouver. officials
claim the change is due to the La Fol-
.ette law.
Atchison expects to close the fiscal
year with a surplus of S1S.O00.000 to
s1s.000,00 or 100000 more than for
the preceding year.
Seaboard Air Line for the eleven months
OF the fiscal year ended with May earned
$500. 900 in excess of all charges and in
terest adjustment bonds
Seven-month money in New York
,ebt certificates have declined from Il.
The high point the day Supreme Court
handed down its decision in the West Vir-
:;inia-Virginia debt case, to 595s The
award to Virginia was for s12,393,000.
according to the contrac: between Brown
sum may be used to liquidate the claims
Of over si4.90o,000 Brown Brothers GER
,ificates
Seven months money in New York
loaned for ) per cent-for the first time
since 1903, when there was a period of
congestion in the money market. The
New York clearing house shows $780,
100000 surplus reserves