Evening star., 1915-06-02
BUYERS AND SELLERS
APART IN THEIR VIEWS
Little Life in the Market for Wash
ington Securities-No Disposition
to Liquidate.
Earnings of Some Local National
Banks in Period Between June
so, 1914, and May 1, 1915.
BY I. A. FLEMING.

washin gton securities continue 10
move slowly today, with values out
little better than nominal and without
much evidence OF either strength or
weakness. save what may be drawn
from the fact that there is no pressure
to liquidate The usual bids were
made on the prominent public utility
stocks but the bidders showed not the
slightest disposition to tempt sellers
with fractional advances. The wealth
er was against large attendance OF
brokers. while investors were notice.
ably absent.
The record of the session scarcely de-
serves special mention, a Potomac Con-
solidated per cent bond selling at
1O11.; part of a Gas D per cent bona
changed hands at 104 q, and two shares
of Railway common were taken at y.
Capital Traction was held at 90, with
80 the best bid: Railway common. w
bid: 92ls asked. Preferred stock offered
at S5A. with 81 best bid.
When the bids and asked prices on
the chief trading stocks on the list. are
so far apart. there is but little promise
of even fair trading in the immediate
future.
Bank Earnings.
During the interim between June 80.
1914, and May 1, 1915. the Riggs Ma
tionaI Bank made net earnings of
s203.144: equal to 1.55 per cent on net
funds: 6.sS per cent on capital. surplus
and profits. and 2Os1 per cent on cap
ital stock.
In the same period the Commercial
National Bank made $101,SS1 net, equal
TO LAG per cent on net funds. I.9S per
cent on capital, surplus and unhVioe9
profits, and 1889 per cent on capitai
stock.
The District National Bank showed as
a result of operations in the same time
a net gain of s61.S37, equal TO 1.oo per
cent on net funds, 9.01 per cent on
capital, surplus and iiv, und,v,dea 2 proh's
The Lincoln National Bank showed
net profits of $4,000. equal to 1-'a per
cent on net funds, 10 per cent on capi-
tai, surplus and profits and 14-o2 per
cent on capital stock.
Director Elected.
Sidney w. Straus. president Of r.
Harris Co, Inc, has been elected
director of the Security Savings and
Commercial Bank, to fill the vacancy
on the board Of directors caused by the
death of Abraham D. Prince.
Financial Notes.
G. B Chipman. manager of the wash
inetn branch of Hartman Co.. New
York, bankers and brokers. spent SAT
urday and Monday In New YORK. he
saws that Wall street is very optim1s-
tic as to the future. and that. whiie
cautious in trading just at this time;
the feeling is that higher prices Will
prevail. and that, with the federal re-
serve system making for easy money
nothing like a stringency or panic Is
probable.
One probable result Of the pan,ameL,-
lean conference has been Indicated
Electrical supply manufacturers ana
equipment makers are hoping 10 win
much trade that has heretofore gone
to Germany.
ent year totaled 29,o49 cars and 334 loco
motives, as compared with 1920 cars
and ss1 locomotives. ordered to the same
date In 1914.
Russia is said to have purchased So
1000 pounds Of barbed wire IN the
United States in May, 1915.
Gold to the amount Of $10.00o.o0o was
received by j. P. Morgan & Co. from
Canada yesterday.
The National City Bank of New York
now has twelve vice presidents, the lat
est addition to the roster being 5. II.
Voorhees,, late vice president of the Royal
Bank of Canada. a banker with large ex-
perience in foreign banking. which will
be called into use in advancing South
american interests of the National City.
Net earnings of the Pennsylvania
railroad show a gain for the month of
April of s479,o00.
New York Central and its affiliated
and controlled lines showed gain of
$S74,s00 in gross earnings for April:
net, all lines increased s2,590.0o0; for
four months ended with April, net
after taxes showed a gain. all lines. of
s16.064.21S, as compared with the same
months in 1914.
The Westinghouse Electric and Man
ufacturing Company has purchased
the Stevens Arms and Tool Company
and the Stevens-Duryea Automobile
Company and organized a subsidiary
company to operate them. The
company will make million rifles for
Russia The new company is to be
known as the New England Westing-
house Company, and will have $1,000
100 capital. all owned by the parent
company.