Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-09-27
GOOD BUYING ORDERS
FOR STOCKS AND BONDS
1aaston and Capital Traction Issues
Showed the Best Strength and
Lead in Activity.
Many Commissions for Small
Amounts Filled Norfolk and
Westerns Showing.
BY I. A. FLEMING.

BY I. A. FLEMING.
| Investment orders were plainly IN
evidence In todays local security mar
ket. Moreover. they were executed
more freely than on any day for some
time past majority of the commits
sions were for small bonds $500 race
value, and for small amount of stock
The volume of trading. in the agsre-
gate. was very fair and gave encour-
agetrent to brokers for the future or
the market.
Capital Traction IS were wanted at
1907: Gas 5s sold at los. both issues
being active only in $500 bonds.
In all 80 shares of Capital Traction
sold at Sc, an advance of l. point. al
though quotation lots were offered at
this price at the close.
Transactions also included Railway
preferred at s01s and Railway common
at So.
Washington Gas sold in small way
at 111s to T1i..
Two ten-share lots of Mergenthaler
brought 179.
Ianston was clearly the leader of the
market. few shares selling at so'a
early when transactions aggreEating
seventy shares were made at ST.
y small lot OF GfapnOpnOne CotiiiHoH
at STA completed the record of the
session. the best from general mar
ket viewpoint of the month to date.
Dividends Declared.
The Security Storage Company has
declared ,. per cent quarterly divi-
dcnd. payable October II. to share
holders of record September so. This
is the same dividend that was declared
for the previous quarter. when the rate
was cut / per cent annually. from IL to
10 per cent per annum. The stock of
this corporation is very closely held.
The District National Bank will pay
the regular Z per cent quarterly div
idend to, shareholders of record Sep
TENDER 25. payable October 1.
Ask Customers to Do Business EARLY.
4 number of the important financial
Institutions have taken the pains TO
ask their customers by advertisement
and otherwise to transact their bust
ness with the banks Wednesday early
In the morning, so as to give the en-
ployes. or 4 large number of them. q
chance to view the G. A. r parade.
II Is impossible for the banks to close,
Wednesday not having been made 4
legal holiday, so that the usual bank
ing hours will be observed.
Prosperous N. & W.
Norfolk and Western railroad earn
inss are near the record and the price
OF the stock Is also close to the highest
point.
In 1912 there was a short period OF
sertngth. when the stock sold to 1ISk
It sold on Saturday at l15N.. The 1915
low point was 99H and many conserva-
tive investors have found satisfactory
prohts IN cumulative buying. That the
earnings have been greatly increased
by the diversion of much freight to
Newport News for export and that the
war has. been great aid to the pros
perity is well known.
The July surplus overcharses were
$1.2o1.1SS. as compared with s797,086
for the same month in 1914.
Soft coal tonnage for export and west
bound has been very satisfactory.
One hears Of probable increase in
the dividend rate. and in this line the
Norfolk and Western Is the one excep-
tion to the long list of rails.
To Retire $4,000 Bonds.
TIE Riggs Realty Company will re-
tire $4,000 of their short-term per
cent bonds with October /. This will
make $4,000 of this issue that have
been retired. the mortgage calling for
the payment through the sinking fund
OF $4,000 annually.
The National Savings and Trust Com
pany will make the payment.
Railroad Earnings for Fiscal Year.
The report of the bureau of railway
economics on the operations Of steam
railroads In the United States during
the fiscal year ended June 80. 1915,
shows that the total operating rev.
enues of roads operating an average
OF 22S.554 miles amounted to $2,Ss9,02s.-
Tos, or an average of S12.641 per mile
OF line: operating expenses amounted
10 s2.0S2.Ss9.s9i. an average of s3.s.t
per mile; net operating revenue
amounted to sS56,239.ss1, an average
of s3.741 per mile. Compared with the
fiscal year 1919. the current year shows
decrease in aggregate operating
revenues of 16S.404,055. or SO per cent
per mile: decrease in aggregate oper-
ating expenses Of sls6,244,0ss. Or 9.3
in net operating revenue of s22.s40,04l
or is per cent per mile. Taxes
creased s2.1s5.is2. or 80 per cent per mile,
while operating income incras seq ga
ss1..s1. or &c per cent per mile
Financial Notes.
Tic du PoaN Powder sror.y i:As &C
oCiEed .ar;se s.nlouHt Of common stool.
Of The Baldwin Locomotive Con- oauy,
coYdine TO the New Yorl. ard phiia-
Gelphia BARRIERS who handled the pur-
Cease. The dr. Points arc also said to
have acquired large amounts of Cen
cral Motors shares.
Ra!lmakers find ercouTa cement in or
Gers for 10000 tons from she Erie
$4,000 tons by Alch!son and 100000
tons from the Atlantic Coast Line and
Louisville and Nashville.
Corey. Converse. L. Rockefeller and
tae buyers Of Iidvale Steel. Reports
that Cambria, Jones-faughlin, Penn
sylvania and Crucible Steel. one Or ali.
are to be part CT the Mi'iyalc combine
are pe-siS.ently denied.
Maxwell Motor Compan: showed a;i
increase OF $1s1,s@1 In ret income FOR
the ascal year ended Jul; 81. 1875. as
compared with the -c:Grnj for the
prc-iour yea.
cross earnings per mil. for the las,
fiscal year of ..orthe:n Pacific were
39,f11. CT Northwestern $685. and III
5: ;'s.ui ;: a5s.