Evening star., 1915-10-23
FAIRLY ACTIVE MARKET
FOR LOCAL SECURITIES
Sales Were Of Small Lots and Buy.
ing Movement Sufficient to
Maintain Prices.
Chapin-Sacks Manufacturing Com
pany Increases Dividend From g
to 10 Per Cent Annually.
BY I. A. FLEMING.

Iaefe was Qu1te q wave OF SeliuS o1
stocks on the local exchange. generally
small lots. making a fairly active ses-
sion. Seven securities showed on the
sales record, including three public
utility stocks The absorption was
readily made and the prices did not in
dfcate any special weakness other than
a slight reduction in the bid price of
Capital Traction Company from 81 to
sS%.
Capital Traction sold at s7x, and was
offered at this figure. An odd lot OF
Railway preferred sold at 50, while the
bulk of the business was in Washing
ton Gas at II y to II to IN.
-Lanston sold at 7s%. Merchants
National Metropolitan Bank. 1ssh.
Washingtonians of a speculative turn
are becoming more and more interested
in Wall street. and the action there is
is a fact that many good stocks are
being liquidated to furnish the money
for margining trades in stocks two and
three times the price of a year ago
many of them admittedly not having
dollar Of war profit in sight.
No bond transactions were recorded.
Dividend Raised.
The Chapin-Sacks Manufacturing
Company has declared an annual divi-
dend of 10 per cent, payable November
/, to shareholders of record October
20.
The company has heretofore paid s
per cent annually, and the declaration.
therefore. is an increase OF per cent.
Weeks Sales.
The record Of the week ended today
10 S41,190 par value of bonds and AT
shares of stock.
Financial Notes.
An indication of the Industrial activity
Of the tines-the Carnegie steel plant at
Columbus, closed since 1913. will reopen
In the immediate future.
Norfolk and Western has Just ordered
1000 tons Of steel rails from the Penn
sylvania Steel Company.
WHY'S Overland has reached 800 cars
a day output From April 21 to Septem-
ber 80. 49.s77 cars had been sent out from
the factories.
The Submarine Boat Company has or
.!ers for submarines from Spain, Canada
other commissions. Profits OF 100000
for this calendar year are counted on
For the week ended Thursday the bank
clearings OF the country, se.221. .7SS. 900.
OF one year ago and Der cent over last
weeks showing
The Illinois Central has ordered 1000
refrigerator cars and 500 fruit cars for
the Central Of Georgia Equipment con-
Germs are speeding up now on orders
The Singer Company is one of the
best equipped plants to profit from
war orders and yet finds its hands tied.
A big plant in Germany and a large
percentage of German employees is the
p rd a innf vxyHf frt1 h.
take no chances
In March 1000 employees were on the
rolls OF the United Sta tes Steel Com
pany at Gary-today there are $1,000.
Not in the war order business, but
selling in large quantities to those
Western Maryland. In its last fiscal year,
reduced operating expenses by $1,591,-
21S; its freight traffic receipts Increased
by $450.ooo. and its total revenues by
$415,700
Holders of Bethlehem Steel common
stock have urged in a petition that
the president call an early meeting Of
the shareholders for the purpose of in
creasing the number of shares out
standing ten times and making the par
value $40 share-making 1t easier to
handle. This has been one of the
schemes on which the advance has been
based.
An oficial Of the Pullman Car COM
pany made the statement that the cor
poration was working its factories to
60 per cent capacity and that the rail-
roads were now ordering considerable
equipment and that he looked for bet
ter times.
Condition of Treasury.
The condition of the United States
Treasury at the close of business yes
terday was:
Ne, balance in general fund, S11s,-
5sO,37o.
Total receipts. $1.754,0s1.
Total payments, $1.5S3.S54.
The deficit this fiscal year is $42,-
4oo.2s5. against a deficit of s32.555. 1894
last year. exclusive of Panama canal
and public debt transactions.