Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-03-18
.LANSTON MON0POl|zES
INTEREST ON MARKET
New High Price Reached on Ad-
vance From "a "a to ", or
Seven Points for Week.
Operators Discuss Dividend Pros
pect-Stee1 Employees Show
Faith in Corporation.
BY I. A. FLEMING.

Lanston Monotype shares monopo-
liked the session of the stock exchange.
not another stock showing on the sales
list and but one bond.
The people who have been accuunu-
lating Lanston since just before the
meeting of the directors. March Z, con-
tinued to buy, and some other friends
of the security, satisfied from reports
that the corporation is doing an ex-
cellent business and that a dividend
will be declared on the 2sth instant,
have been buying the stock The high
today was u, anu this price was bid
at the close, with 7ST asked.
Interest now centers In the size of
the dividend, whether there will be a
renewal of the quarterly distribution
on s per cent annual basis or
ment without reference to the future.
Some operators have expressed belief
in a return to the III per cent quar-
terly. while others think that larger
distribution may be made.
The current price would seem to dis
count the resumption OF the regular
dividend, as there are number OF in
vestments on the list. more or less
fixed as to distribution, that are SELF
ing around this figure, yielding per
cent and better.
Opening, sales were at 74% and the
advance was STEADY, and the closing
Railway Is sold at 81.
The sales for. the week Included 454
shares Of stock. Lanston furnishing 21o
shares of the aggregate. Prices showed
little change save the advance of
points in the latter stock.
Bonds sold to the extent of $4,000,
with all activity in these issues con-
fined to the earlier days Of the week: -.
The faith of the workers of the steel
corporation has been shown by the
purchase by 24.s4o employees Of the
company of 4s,742 shares of the COM
mon stock Of the corporation during
the current year at 3s5 share.
This exceeds all annual records. the
previous high being 1880 shares in
1sl4,W hen the selling price was S57 a
share. In 1918 25.7s3 shares were
bought by EMPLOYEES at SOS a share; in
1912 30,73S shares at $50, and In 1909
15.s1s shares at $50 share. -
The market for the common stock
during the last few weeks has been
under and around IS.
Some Record Balances.
The record Of debit balances for all
time was made in the New York clear
ings yesterday. when the Guaranty
Trust Company had a debit balance of
$4a.115.000. Thursday the same insti-
tuuon hao creoit Daiance OF $SS,VVV,-
900.
In order to collect and pay these bal
ances, had the operations been in
Washington, would have required some
telephoning.
Washington, Baltimore & Annapolis.
The Washington. Baltimore and An
napolis Electric Railway Company
starts the present year with satisfac-
tory increases in earnings. For jan
uary and February the operating rev.
enues increased $s,418,s7s. Net earn
inga for the two months increased
$s.3s3.9S. while operating expenses In
creased but $1.524.s3 over the same
months of the previous year.
Stock Exchange to Vote.
The Washington Stock Exchange will
vote Monday on the proposition of hold
ing the daily sessions an four earlier.
The committee revising the bylaws
voted unanimously in favor Of the pro-
vision. but 1t is understood that con-
siderable opposition has developed and
the proposed change may be defeated.
Condition Of the Treasury.
The condition of the United States
Treasury yesterday was:
Net balance in general fund. s117,-
3ss,s05.
Total receipts. S2,472.s5o.
Total payments, s2.443,322.
The deficit this fiscal year Is $751;
22o.734. against a deficit Of $sS, 061. 1886
last year. exclusive of Panama canal
and public debt transactions.