Evening star., 1916-08-07
RAILWAY IS FEATURED
/ During DULL SESSION
Characteristic Summer Trading
Shows Only Few SalesEWashing-
ton Railway Brings 811a.
European Wars Gigantic Expense.
Germany's Per Capita Is Largest
of Warning Nations.

Characteristic summer dullness was
in evidence on the Washington Stock
Exchange at today's session. During
the call only two stocks were traded in
-washington Railway preferred and
Mergenthaler linotype. A total of
twenty-five shares Of railway changed
hands at SIN and fourteen shares of
Mergenthaler was traded at 160M.
After call thirty-five shares Of WASH
ington Railway preferred sold at S11s
while ten shares of East Savings Bank
brought -.
Cost Of European War.
The cost Of the European war for the
past two years has been $4,000 100000,
according to a prominent financial au-
thority If the cost of the war were
prorated among the population Of the
United States each persons share would
be about $500, or more than $4,000 for
each family in the country. The same
authority states that the cost of the war
SO far has been nearly twice what the
aggregate debts Of the belligerent ma
tions were at the beginning OF the
war.
By prorating the burden of the two
years war among the population of
the warning nations every inhabitant
of the Aries would have to pay S71,
while those of the entente nations
would have to pay ST.. The highest
rate per capita would be that for Great
Britain, which amounts to $243. but,
including her colonies, the per capita
is reduced to sS1. The total amount
the war has cost the allies is estimated
at $33,o30, ,000. 900. while that of the
Germanic allies Is estimated at 1885,
100000.
The heaviest per capita war ex-
penses arc In Germany. where they
have been STA for the home country
alone, and $143 II the German colonies
are included For continental France
they have bean $225 per capita. but for
France and her colonies only $103. If
which are loans to her dominions and
allies, are prorated simply over the
British Isles. they amount to S243 per
capita. but when the population of her
dominions and colonies. exclusive Of
India, is included. they are brought down
to $91. Russia has the lowest per
capita expense of all the great nations.
IL being only $51. For Italy, which has
not been fighting as long as the rest,
1t IL SIS: for Austrta-Hungary, $1o7.
Financial Notes.
Gross earnings OF tho New York. New
Haven and Hartford railroad in June
were 375s,ooo, or 11.ss per cent ahead
of those Of the corresponding month
in 1918.
wabash railway June net, after ex-
penses and taxes. was nearly seven
times the net reported in the corre-
spending month Of 1915.
Mail order houses throughout the
general prosperity. One of the biggest
houses In the country reported an in
crease Of 43 per cent for June this year
against the same month last year.
Anthracite bureau Of information at
wilkesbarre. Pa. has issued a notice
that there Is likely TO be q shortage in
coal supply the coming winter because
storage stocks of domestic sizes have
been depleted and producing capacity
shortage with probably no chance for
improvement in the situation in the
fall.
According to reports presented to the
Steel Founders Society. in executive ses-
sion in Atlantic City. at which thirty Of
the largest plants in the country were
represented. there irs no parallel in the
history Of the steel trade to compare with
the chaotic condition now confronting the
industry. Predictions were made that
market price Of steel had reached its
zenith and that in the near future read
5ustment as to wages and working con-
d.tions must be made.
Canada sold 81. .225 municipal bonds
in July. of which $3.50. 900 were taken in
the United States. The total sales COM
pared with S2,59s,42 in July, 1915, of
which only $3.50, 900 came to this country.
E V. Douglass. secretary Of the Amer
lean Manufacturers' Export Association,
says that final plans for an American in
dustrial commission. under the auspices
of the association, will visit France to
study that country's needs after the war.
The French government will act as host.