Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-28
BONDS FEATURED DAY
IN LOCAL SECURITIES
Capital Traction IS Were Favored,
Sales Being at 1868 to 1864.
Stocks Neglected.
Clearing House Association Wants
Information From Federal Reserve
Board on Clayton Act.
BY I. A. FLEMING.

There wasn't much interest in the
local security market today other than
in bonds. Capital Traction SIS were
the active feature, with $500 bond SELL
ing at 1861 and then several full bonds
at 1861 to 1861. The price looked at
tractive both to buyers and sellers
Washington Gas So were also sold at
1854, and this completed the actual
transactions of the session with the
exception of one share of Capital Trac-
tion at ST.
The bids for upblic utility shares were
unchanged.
Graphophone was weak with par the
best bid for the stock. Lanston. also
soft, was offered at 10, with 761a bid.
while Mergenthaler was offered at 49,
with 1872 the Best bid.
To Ask for Information.
At a meeting of the Washington Clear
ing House Association held yesterday att
ernoon, Cuno H. Rudolph. chairman of the
organization, was authorized to address
the federal reserve board, through Its
chairman asking for information regard
ing certain propositions in the Clayton
act.
Exclamation is desired of the clause re-
lating to eligibility to hold office through
the wear 1915 in dual capacity as directors
or officers as to the ability OF an ofscer
or director holding dual positions TO re-
tain positions until October Is, 1915, and
then resign, the law becoming effective
the 18th day of October. and also the
Interpretation, officially, of other points
in doubt.
Buys international Banking Corp.
]. s. Bache & Co.. one of the old
Wall street houses of standing and rep
uation, has acquired the controlling
interest in the International Banking
Corporation. The price paid for con-
troll was $3.50 share. Under the condi-
lions of the sale minority shareholders
have the right to turn their holdings
in at the same price.
The International Banking Corpora
ton, as its name indicates, mas long
been prominent in international imam
cial operations. handling government
funds, cashing drafts for the army and
navy officers In every CLINE and mas
held prominence in oriental fiscal oper-
atoms. At one time 1t maintained
branch in this city. but it was absorbed
some years ago.
Financial Notes.
Russia is now in the market for $780,
ooo. 900 credits at per cent.
John NJ. WHY'S, head of the WHY'S
Overland Company. says that that cor
poration sold double the number of
cars in August and September. 1915.
that it did in the same two months OF
1914 Buildings are being erected that
will give the company 1000 cars day
production after March l. 1916.
September gross earnings of the
Union Pacific system were ss,152.4S4.
barely $4,000 less than in 1914. Net
earnings were $1,000 greater, and for
the three months ended with Septem-
ber the net earnings showed $124 900
gain
Southern railway for three months
ended with September showed a net in
crease of $175,o0o as compared with
the same months in 1914, and the Illi-
nois Central a loss in the same COM
parison of s254,0Oo-
Southern railway for the third week
in October gained s146.653 in gross
earnings as compared with the figures
of the same month In 1914.
Condition of the Treasury.
The condition of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund, $780,.
s4s.7ss.
Total receipts. s2.041.7s5.
Total payments. s1.196,951.
The deficit this fiscal year is s3s,-
4525ss, against a deficit of S31. 0s0,360
last year, exclusive of Panama canal
and public debt transactions.