Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-02-16
WASHINGTON GAS WAS
! LOCAL MARKET LEADER
Liberal Trnsactions Made, With
Prices Advancing From an Open
ing at rs to 76-The Influences.
Utility Bonds Wanted - Potomac
Consolidated Per Cents Active at
1OO1a to 1OOss - Other Issues.
BY I. A. FLEMING.

washington's oId-time favorite in
TO be coming into it's own again. The
diplomatic management of it's affairs
with the utilities commission, the fairly
good physical valuation secured from
the commissions experts, the TURNER
permission to buy the Rosslyn Gas
Company and the completion of the
purchase. with possible foreshadowlnS
of merge and agreement, have caused a
splendid demand for the stock, while
todays action. $50 shares selling from
an opening at IS to IS and bid of 76
at the close with so asked. has been
further pleasing to holders of the
shares.
\ few days ago the stock was beg
CinC around Il to Il yesterday II
sold at "A, but for one ten-share lot
only, and closed with 1884 bid and AN
asked.
The cut in the price of gas made sud
denly and without discussion, TO 20 cents
per 1000 feet raised the question OF
the ability of the corporation to pay owl
bends on the $3.50 a share annual rate.
President Reside has expressed himself
as full of faith that he can do that. but
he admits that he is worrying over she
supply OF coal and its present high price.
Other stocks were slow but STEADY
Bonds We're. decidedly lively under an
excellent demand from investors and
bankers as well. Potomac consolidated
g., were the leaders. selling freely at 100 "
and improving to zoos.
Railway As sold at s0I2 or slightly
frmer. American Graphophone is were
sold sparingly at 1861. and Chesapeake
and Potomac Telephone IS were traded in
at 104it.
Mergenthaler was little frmer. sales
being made at 1861 to 1861. sale of
Union Trust stock was reported at 124 y
New York Air Brake.
The earnings of the New York Air
Brake Company. through its munitions
business. increased it's earnings in 1916
10 So so a share, the company having
but one class of stock. This. too, after
all charges and the setting aside of
$1,000 600 for reserve The comparison
with 1915 is on the basis of S1S.43
share earnings for that year. The presi-
dent in his report admitted that 'muni-
lions bulked largely in the statement"
Gold From Canada.
Another importation of gold from
Canada, $4,000, 900 makes the total of
the yellow metal from January l, 1915.
to date, s1,239. 100000.
Submarine Boat Company.
The estimated profits of the Sub
marine Boat Company for the year
ended December 81, 1916, are placed at
s12 a share This after a very heavy
depreciation, s6,47s.44s.
Untitled orders on hand December 81
were placed at s2s.ooo.OOo, a matter of
$4,000 greater than the earnings of
1916. insuring activity at capacity pro-
duction for the year
Condition of the Treasury.
The condition of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund. $74,O
5le.
Total ordinary receipts. s1.700,5s4.
Total ordinary payments, s4.1S7,594.
The deficit this fiscal year is s157,130.-
576 against a deficit of S62,101.6 S7 last
year exclusive of Panama canal and
public debt transactions.