Evening star., 1916-12-12
BONDS WERE Wanted,
WITH PRICES STEADY
Washington Gas IS Leaders, Sales at
':st07 to 1071s-Small Investors
Purchase Other Issues.
Stocks Generally Slow-E. w. Bliss
Company Pays 100 Per Cent Extra
Dividend on Common Stock.
BY I. A. FLEMING.

Investment buying of bonds featured
today's session of the Washington Stock
Exchange. sales being moderately large.
Washington Gas 5s led the trading, q
number of bonds being sold at 107 and
then one at 1071s, the fraction mark
ing a new high for many months
Potomac Consolidated 5s were wanted
at 102 American Graphophone IS figured
largely in the trading, number OF
500 bonds selling at 1929, with a
shrinkage to 1925 and then full
bond at 1O2K. Washington Railway As
were steady at 81.
Trading in stocks was again very
light. There are orders on the market
and holders of stocks are not inclined
to make concessions.
Only few odd lot shares were sold,
two ten-share lots of Capital Traction
at "a ex-dividend. while the bid price
for quotation lots was S3k and the
asking price S3I A few shares of
Graphophone common changed hands
at 1S4 to 1873. and of Mergenthaler at
1881, indicating a slight decline and
rejecting the market for the stock
elsewhere.
Southern Railway Bonds.
While the proposed issue of Southern
Railway bonds. $500, ,000, 900. bearing Az
per cent. is s3o0,000,000 greater than the
issue of per cent development and
general mortgage 4s, which are to be
refunded. the actual increase in the
bonded debt will be but $162, 2,0s0,00o
m ho
reserved as part of a fund to be used in
refunding the entire outstanding debt
and also $51,570.000 old development
bonds in the Treasury for refunding
operations.
1t is understood that the holders of
the general mortgage and development
Is are asserting very generally to the
plan for refund. The Bankers Trust
Company of New York is receiving
these bonds on deposit under the
agreement with the Southern Railway
Company. and giving negotiable re-
cefpts therefor.
Buying Acceptances.
All the prominent federal reserve
banks are now in the market in COM
petition with the banks for high-grade
acceptances. Last week the New York
regional bank purchased $4,705, 900
bankers bills in the open market.
and the member banks also rediscount-
ed $s.2ss.ess of paper, practically the
FIRST big block rediscounted
Nearly half the credit extended by
the federal reserve system last week
was to New York bankers by the fed
eral reserve bank of that city.
More Gold From Canada.
Gold to the amount of ss 900 900 was
received by J.. p. Morgan & Co. today.
and is being transferred to the Phila-
defphia mint, SO crowded is the local
mint with business.
Big Dividends Declared.
The E. W. Bliss Company directors
today declared the usual quarterly
dividends on the common and preferred
shares of the CORPORATION and an extra
distribution of 100 per cent on the COM
mon stock. This company is engaged
exclusively in the manufacture of mu-
nuions, and is the first of the war
brides to do the handsome by its
shareholders
Company today declared an extra divf-
dend of per cent on it's preferred
stock and in addition a regular dfvi-
dend of per cent. payable in four
quarterly Instruments. common share
holders get a per cent distribution in
four quarterly installments.
Joins Stock Exchange.
J. Blake Gilpin has been elected a
member of the Washington Stock Ex-
change. Mr.. Gilpin. in connection with
Benjamin Crane and Beverly Sinclair.
will start in business as bankers. under
the firm name of Crane, Gilpin & Co.
January 2. 1917. at 604 18th street
northwest.
Condition Of the Treasury,
The condition of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund, $685.
1885
Total ordinary receipts. $2,445,1s5.
Total ordinary payments, S4,523,367
The deficit this fiscal year is slO7.-
S04,172, against deficit of $46,013334
last year. exclusive Of Panama canal
and public debt transactions.