Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-26
MORE ACTIVE MARKET
ON PRICE CONCESSIONS
Lanston Monotype the Leader, With
Sales at 79-Mergenthaler
Was Also Easier
Many Small Lots of Capital Trac-
ton Sold at s7s4 and SS-Graph-
ophone Also Lower.
BY L. A. FLEMING.


Buyers and sellers met in their views
rather more generally than usual on
the local stock exchange, and the re-
suit was more numerous transactions
though many of them were of the odds
lot variety.
This was particularly the case in
Capital Traction. where eight actual
sales resulted in total of twelve
shares changing ownership at 81 q
and IS.
Lanston Monotype Machine Company
reached a point where there were buy
ers for it, - being the ruling inquire
and the bid price at the close. Trans
actions here were not Heavy. but they
were the largest of the session Mer-
Genthaler, the other typesatter and re-
puted co-war stock. was weak at lS3
below, the point at which it sold weeks
ago when the first rumors of fat Or
ders' were given circulation In the
same group may be mentioned Ameri-
can Graphophone. But ten SHARES SOFA,
this at los for the common and this
was also the best bid for preferred
A few shares of railway common sofa
at 81 !. and of the preferred at "
Bonds were neglected throughout the
session, no sales being reported
Joins New York Exchange.
]. Upton Moorehead of the local firm
of Moorehead &. Elnore has been ad-
rnitted to membership on the New York
stock Exchange. The firm has been
operating q private wire with a New
York house for some time.
Currency Association.
The Washington Currency Associa-
ton. organized under the Aldrich-
vreeland act provisions, and the first
formed in the United States. vii! meet
tomorrow afternoon at the rooms OF
the Clearing House Association to hear
reports and adjourn sine die The fuli
report of the operations OF the asso-
citation appeared in this column Octo-
Der Il.
The Clearing House Association VIII
meet at about the same time ana
formulate queries concerning the Gay
ton act which will be put up to the
Treasury Department or the federal
reserve board for explanation
Financial Notes.
Directors of the United States Steel
Corporation meet this afternoon imme-
diately after the adjournment of the
exchange to approve the report for the
third quarter of the year and, perhaps.
TO act on dividends. General opinion
is that no distribution will be made on
the common stock, but no positive opln-
ions are expressed. The estimates OF
the earnings still run from si9.0Oo,"oJ
as minimum and up.
The Tennessee Copper Company, ac-
cording to recent Information. is to de-
vote more time to Zhe manufacture Of
sulphuric and nitric acids. on the theory
that there is limit to the copper pro-
duction. but none to the acid manu-
facture.
Great Northern Ore dividend has been
declared. 50 cents a share. payable De-
cember Is. Why the hurry OF declara-
tion?
Greene Cananea Copper Company is
now listed on the New York Stock En-
change, and, when transactions are
made. appears in the quotations. The
plants have been closed down, due to
destruction of important bridges be-
tween Cananea and Naco. on the Amer
lean border. Nillistas are in control of
the town.
Southern Pacific Railroad Company
earned ~ per cent net in 1915-that is.
for the fiscal year ended June 80. The
surplus was about 100000 less than
Tor the previous year. this despite Pan
anna canal competition.
Condition of the Treasury.
The condition of the United States
Treasury at the close of business yes
terday was:
Ne. balance in general fund, S11S.21I.-
as5
Total receipts. sl.655,6s3
Total payments. S1,0S0.315.
The deficit this fiscal year is si0.6S6.-
ls4, against u deficit of s3l,47l,149 last
year, exclusive of Panama canal and
public debt transactions.