Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-01-04
WASHINGTON GAS WAS
/. IN MODERATE DEMAND
+!
Interest in the Local Stock Market
Turns From Bonds to Stocks.
Prices Were Firmer.
Changes in Deposits of Savings
Banks Between Two Last Calls.
'- Midvale Steel Earnings.
BY I. A. FLEMING.

BUSINESS on the w OWN
Exchange today shifted from bonds to
stocks, with evidences that the light
trading recorded was for investors,
and that the stocks purchased Will be
taken out of the market.
... Washington Gas was the leader and
vas decidedly firmer. selling at II gen.
orally, with a few shares at Y. the
bid price at the close being Il.
'' 4 quotation lot of Capital Traction
cold at s31..
Small lots of Mergenthaler were
traded in at 1857 to 16s. and twenty
shares of Lanston sold at the low OF
y.sterday-14l2.
american Graphophone IS were STEADY
- 1918 for full bonds.
Chapter Lectures.
This evening at O'Clock Prof. Kern
O. the George Washington University
YIN lecture before Washington Chap
ter. American Institute of Banking. at
sst4 r street northwest, on Political
Economy" Monday evening at the
Same place DIR. II. Parker Willis Will
lecture before the postgraduate class
; Of the chapter on THE Theory of For
eign Exchange.
Midvale Steel Company.
The earnings of the Midvale Steel
Company for the year ended December
r 81. 1916, were s3s.0S1,276 gross; the
surplus after all charges was s1.S16.13S,
equivalent to s16.oS on each share of
1iidvale of a par value of $50 a share.
The company will permit employees
70 buy the stock at $50 for each share
and will guarantee per cent dividends
ctr a
dividend of s1.50 a share was declared,
payable February 1 to shareholders of
record January 90.
The Cambria Steel acquisition proved
very profitable. Earnings for the
. fourth quarter of the year were On the
basis of s53,0oo.ooo annually.
Big Railroad Earnings.
The railroads of the United States
earned s3.75O.o00.o00 in the year 1916.
gross, as compared with s3.1s2.416.000
in 1915. The net after taxes in 1915
= was s1.136. 45o. 900, as compared with
&ssssS $4,000 in 1915. Canadian Pacific
for the fourth week in December
showed a gross decrease of s4S9.o0o:
for FIVE months, an increase of s11,-
l0s. 5000.
h. Planning Another Loan.
London cable announces the sus-
pension of the issue of treasury bills,
pending arrangements for a new loan.
~ Talk Big Dividends.
Private wire gossip from New York
this morning predicted a larger extra
dividend on Steel common and seemed
TO favor an extra dividend declaration
on Atchison. Topeka and Santa Fe
stock.
~ Further Deposit Comparisons.
Z. Net changes in the deposits of the
savings banks Of the city, as at the
close of business December 81. 1916. as
compared with the date of the last
previous call. November II. will not
show any very radical gains or losses.
Many of the banks made small gains.
some lost.
= The Anacostia Bank lost $16.142: the
:, Seventh Street Savings, s8.3S7: the
Union Savings. $4,000; the United
States Savings. $4,000; Security Saw
, fngs and Commercial. s129.sS7, and the
East Washington lost $3.50.
49,. Gains were reported as follows: By
the Bank Of Commerce and Savings
$70,S1s: Home Savings. $4,000: Park.
S24.35l; Potomac Savings. sI9.35S: Nc
+ Lachlen Banking Corporation, $4,000;
Northwestern, SI1.600.
The Munsey Trust Company made
gain of $4,000.