Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-02-24
GAS SHARES STRONG,
BONDS WERE STEADY
BY I. A. FLEMING.

by j. "A. ELEm1N6.
While there was a fair business. In
the aggregate. on ioday's session OF
the Washington Stock Exchange. trad
ing was largely confined to odd lots
both in stocks and bonds. with more
doing in the latter than Friday.
Prices showed little change. save on
Washington Gas, which was strong at
!. point advance. sales being made at
rs, with IS bid and 70 asked at the
close. This was the only public utility
in which there was any sales.
Union Trust and Continental Trust
shares sold to the extent of twenty
shares each. both at 125.
sale of Merchants Transfer and
Storage stock was reported at 100.
Lanston nominal, 20 bid and IL asked
Bonds were more or less neglected,
with prices showing steady tone ana
with small sales at 1861 for Washing
ton Gas SIS, 1921 for Graphophone 6s,
with attention also called to an om1s-
sion from yesterdays official sales
sheet of 5000 Railway As at s1A.
The total business of the week was
s51. 800 face value of bonds and 566
shares of stock
Arlington Fire Insurance Company.
At a meeting of the shareholders of
the Arlington Fire Insurance Company
Gin liquidation) William NJ. Beall was
added to the list of trustees and the
former trustees reelected.
The board as constituted is as fol-
lows: Charles R Edmonston. Burr n.
Edwards, Robert C. Howard. W. Bladen
Jackson, William King. Alexander b.
Legare, Samuel L. Phillips, William NJ
Beall and Isaac E. Shoemaker.
Southern Railway Earnings.
For the first six months of the cur
rent fiscal year Southern railway earn
ed $1s,69e.259 gross as compared with
S11,375.44o for the corresponding pc
riod of the previous fiscal year. Total
deductions were about the same In each
six-month period. a little heavier in
the first half Of the current fiscal year.
when they tota1ed $7,462,443.
The surplus for the first half Of the
current fiscal year was s6,236.S16 as
compared with $4,046,519 for the CORE
spending period Of the previous fiscal
year.
Revenue freight moved for the last
fiscal year, ended June 80. 1916. was
20.16 per cent greater than for the
previous fiscal year. but only 3.27 per
cent more freight train miles were
necessary to carry the added tonnage.
With no further increase in the sec
ond half of the current year, fixed
charges would be more than twice
earned, but earnings are showing
steady increases, week by week.
Current earnings of the company
cause the belief that Sc per cent may
be earned on the common for the cur
rent fiscal year. as compared with SIS
Der cent for the previous fiscal year.
Central Leather.
Much has been heard during the past
year of the wonderful earnings of the
United States Leather Company. The
annual report shows that for once the
rumors were not based on false tales.
The total earnings for 1916 were ST.
2s9.713, as compared with $S,465.104 in
1918. and the surplus for the year
$6.040.76s, equal to 1921 per cent on
the common stock.
=. Money Continues Easy.
The supply of money in the banks
continues far in excess of any imme-
diate demands of borrowers. The pub
lie is entirely out of the Wall street
for funds from collateral borrowers.
Bankers are holding for per cent on
collateral and commercial loans of i'm
portance, to per cent for ordinary
In New York call money is freely Of
fered at ~ per cent and paper is
quoted at Az to AZ per cent.
C1earings continue large. Dun & Co.
reporting large increases in New York,
Philadelphia and Chicago, with de-
creases in Baltimore and st. Louis.
Personal Mention.
Charles ]. Bell. president of the Amer
lean Security and Trust Company, has
gone to Florida for a ten-day fishing
trip.
Condition Of the Treasury.
The condition of the United States
Treasury at close yesterday showed:
Net balance in general fund, $685.
o5s.527.
Total receipts. s2.227.337.
Total payments. s1,S62. 405.
The deficit this fiscal year Is $751;
694.964, against deficit of s5S.487. 1853
last year, exclusive of Panama canal
and public debt transactions