Evening star., 1916-12-07
VALUES WERE STEADY
ON VERY SLOW MARKET
Washington Gas Is Strong at 1O7.
Squirt in Lanston Short Lived.
Small Investment Buying.
Washington, Baltimore and Annap-
oils Electric Reports 1ncreas-
ing Earnings.
By I. A. FLEMING.

There was a very modest investment
for stocks and bonds on today's
session OF the Washington Stock Ex-
change, very largely on the odd lot
order.
While the sales were small in the ag-
gregate, a number Of issues showed on
the sales sheet. Prices SO far as indi-
cations could be interpreted showed no
changes.
The squirt in Lanston Monotype shares
spent itself yesterday at 76h; the bid
today being 76x, with no stock offered
under TN The bid of Capital Traction
price raised to S6A.
Sales of Railway and Electric pre-
ferred were made at 81 Y, and few
shares of Washington Gas sold at 70h,
indicating a slight recession from
former prices. Mergenthaler sold spar
fng1y at INV to III. !;
Washington Gas 5s were strong at
can IS, small bonds, brought 102.
Chapter Lecture Tonight.
Robert Russ Kern. professor OF eco
nomics and sociology at the George
Washington University. will be the
lecturer before the members OF the
Washington Chapter; American It'll inst.- sa
liver the first of series of five lectures
on principles of Economics.
A Successful Flotation.
One very successful bond flotation has
been brought to a practical conclusion.
The eight-million dollar collateral trust
Is of the American Telephone and Tele-
graph were subscribed for to an amount
double the offerings. offered at d. Plus
interest from dating. Applications
were from investors and indicated thAs
the bonds will go into strong boxes
Federal Dyestuff and Chemical.
John w. Herbert of New York has
been elected member OF the board OF
directors of the Federal Eyestun ana
Chemical Corporation. Mr.. Herbert ID
we'll known in New York, through his
affiliation with large toeaeco ari- mel
ests, he being director OF the Ahefi
can Snuff Company.
W., B. and A. Earnings Large.
The preferred shares Of the Washing
Line are very strong on an intimation
that the earnings of the company nave
Increased very largely and that IN
siders were accommodating stock on the
optlook. It is stated with confidence
that the November gross earnings were
the largest in the history OF the cor
poration, and, while actual ngures are
not available as yet, fnat tne sfoes
would show in excess of 100000
General traffic is growing steadily, ana
snecial traffic, resultant from race
meets. etc. augmented the total re-
ceipts materially.
Baltimore Abandons Fixed Chargess
The Baltimore Clearing House Asso-
citation has abandoned the former prac-
tice of regular schedule charges on
collections, and henceforth bankers may
use their own judgment in the matter
of charges on collections. Heretofore
there has been a hard and fast law,
admitting of no option in the matter.
Southern Railway Earnings.
Southern Railway estimated gross
earnings for the fourth week of Nov
ember were s2.o69.543. an increase OF
s192.339 as compared with the gross
of the same week last year, an increase
of 1925 per cent. For the month of
November the estimated gross earnings
totaled s6,915,s69. an increase of $685.
23s as compared with the gross for the
same month in 1915, a gain of 1897
per cent.
For the fiscal year. July 1 to Novem-
ber 80, the gross earnings, SS3,73O,02S,
were s4,043,259 greater than for the
same months of 1885, an increase OF
14.10 per cent.
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,
7o3,5 ,545.
Total ordinary receipts. $2.497,2o9
Total ordinary payments, S3.26s,336.
The deficit this fiscal year is S102,-
77.S34. against deficit of $42,oo9,S2I
last year, exclusive of Panama canal
and public debt transactions.
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