Evening star., 1917-03-01
VERY GOOD DEMAND
FOR TRACTION STOCK
Liberal Trading at 83-Bonds Of
Same Corporation Were Lower,
Sales at 1854.
Washington Gas Does Not Show on
Sales Record, rs Bid-B. & o.
Earnings Increase.
BY I. A. FLEMING.

The feature of today's session on the
Washington Stock Exchange was a
sharp buying movement in Capital
Traction stock, which resulted in lao
shares changing hands. all at So. with
the closing bid s2a. and the asking
price ssH.
Railway preferred moved a little
more freely. the stock selling at So.
Union Trust shares brought 125.
Other bank stock sales were unimport-
ant save as indicative of current values
in shares infrequently traded In, 22o
for National Capital and 23I&i Tor Ma
tional Savings and Trust.
Washington Gas was entirely NOM
inaI, with rs the best bid: no offerings.
Capital Traction 5s made a new low
on this movement when they solo at
lO5I. IA under recent transactions Po-
tomac Consolidated 5s steady at 1905
and Norfolk and Washington steamboat
SIS firm al l05.
Expect a Call Daily.
Bankers are expecting a call from
the controller of the currency daily.
The last was made returnahle as at
the close of business December ~,
1916.
Railroad Earnings.
For the month OF January the Balti-
more and Ohio Railroad Company
showed an operating revenue of S9.1l2,-
353 an increase over the revenue Tor
the same month of 1916. of s1,52s,o6o
There was also an increase of impor-
tance in the operating expense account,
and the increase was cut down IN the
same comparison to S59I,141 in the net
earnings.
The Pennsylvania system showed
gross increase in earnings Tor the
month of January, compared with
the same month of 1916. of $1.326,135.
which was turned into a loss of $685.
75l, after operating expenses ana
taxes, and the surplus was reduced,
after fixed charge by s5oo.oss.
offered Land Bank Stock.
1t is claimed that the only security
which has been offered in connection
with farm loan financing has been
stock of the land banks.
Under the law all stock not subscrib-
ed for was to be taken by the govern
ment. The subscriptions have been
made by the Secretary of the Treasury
and therefore the stock of the iaho
banks has been fully subscribed.
Finish Hard Task. i.
Cashiers and many junior officers OF
banks have been giving the greater patr
of their time for the last two weeks to
preparing income tax returns for de-
positors, frequently spending the great
er part of the day on one or Two state-
ments.
must be on file today and there is a
feeling of relief that the extra work Is
ended.
Munsey Trust Company Opening.
The formal opening of the new bank
ing quarters of the Munsey Trust Com
pany this morning was sufficient to at
tract a large attendance of friends OF
the institution and of other bankers to
inspect the new offices.
The banking room is one of the most
commodious. best arranged and com
plete in detail of the many handsome
banking quarters in Washington.
Immediately on entering the bank
the customer or visitor is brought race
to face with the officials of the institu-
tion, separated from the foyer only by
a low railing and ready to talk busi-
ness or answer questions.
The cages of the tellers face to the
west and east, with the correspondence
beautifully finished and furnished, and
this morning was a perfect bower or
roses and other flowers.
Condition of the Treasury.
Condition of the United States Treas
ury at close yesterday showed:
Net balance in general fund, $685.
S05,3ss.
Total receipts. S1.301.115.
Total payments, s2.S63.675.
The deficit this fiscal year is S162,-
ss2,sl5, against deficit of $52.S56.sS2
last year, exclusive of Panama canal
and public debt transactions.