Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-08-05
F1NANc1AL-LocAL AND OTHERWISE.

The all-important question in imam
cial circles at this time Is How ts the
government going 70 finance the war; ar
in the minds of bankers and manufac-
turers as to price fixing. taxation and
bond issues. business viii not Forge
very far ahead except In the matter of
war contracts. Many bankers are TAX
ing the German peace talk seriously,
expressing the thought that IL Germany
really wants peace. Russia, Greece,
Italy, Rumania, Serbia, Austria. Tur-
key, Bulgaria and even France would
be willing to listen to overtures. They
also point to the fact that anti-draft
activities in the south and west fore
cast that peace would not be altogether
unwelcome here. Added to this. they
trails, on the very brink Of the mael-
strom. with everything to lose ana
nothing to gain. would welcome the
advent of peace
But, aside from the war feature In
business and the usual midsummer
QUIET. a general tone of optimism pre-
walls throughout the country. The
greatest feature OF the encouragement
Is the bumper crops reported from
every section of the country ana the
with the growing belief that the
United States can well spare to let
Europe have about 100.o00,e00 bushels
Of grain.
In reviewing the stock market situa-
ton Henry Clews. the New York bank
aThe. outlook for the stock market
Is favorable despite the fnnumerable
problems ahead awaiting solution. Our
general financial and industrial situa-
ton is sound, and all extensive opera
lions in the future are generally de-
tainty. The effects of the embargoes
upon exports of steel, food and other
products must be taken into considera-
ton. Also the forthcoming regulation
of shipping, though neither may be
detrinent Il wisely exercised. The prob
lens of taxation. trade regulation. price
fixing, etc, which are now aosoroinS
attention at Washington are inevitably
unsettling: and yet the future is nope
full in many respects. Leading stocks
are in strong hands. the money situa-
ton is satisfactory and the railroads
should before long reflect the better
rates granted in certain sections. Con.
is one that will justify an advance in
prices on reliable announcement OF
favorable war news hereafter, which
may be reasonably expected from the
present outlook"
Liberty Bonds Feature.
Liberty bonds have been featuring
the trading on the New York bond
market during the past week, selling IL
large volume at irregular prices, thu
low being $40; high. 9s.45, and clos
ing, s9.40. Beginning tomorrow quo
tations on liberty bonds will be printed
on the stock tickers as hundredths.
Each variation of 1-50 will be shown
on the tape as 2-10o. There Will be no
change in the method of trading, varia-
lions being in fiftieths as at present.
The next issue of the liberty loan for
50, 600, 000, 900. it is announced, will be
offered November Is. Before that time
the Treasury Department plans to issue
nearly a billion dollars in Treasury
short certificates, to meet i'm
mediate needs.
Takes Exception to Reports.
John Poole. president of the Federal
National Bank, who was chairman of
the last liberty bond campaign in
has taken exception to re-
ports, based on a statement issued by
the Controller Of the Currency, as to
the subscriptions of Washington banks |
to the last bond issue. Washington is |
given credit in the statement for send
ing in s10,68o,000 through the national |
banks. Mr.. Poole claims that the |
amount turned in by the banks here |
was sIs,2sl 400. which would place this
city tenth in the list of cities through |
out the country sending in. subscrip-
tons to the liberty bonds. IT the list |
Of national banks subscribing on their /
own account the list puts Washington |
in eight place with $685.. 600. This, too, |
ID an error, Mr.. Poole says. The amount
subscribed on their own account by the
400. he says, which would place
In sixth place, with New