Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-07-11
STOCK VALUES STEADY;
! BONDS WERE NOMINAL
BY I. A. FLEMING.

f-torest in the local security market
seeaicd to subside. for the transactions
~, today's session of the Washington
sock Exchange were o. small conse-
aueuSe compared Wit. tbs record of the
last few day.
S.ieS oe ::toc,- woe confined entirely
~ odd lots. 4 few shares in the differ
ont securities md not a large total.
Washington t:,S Was clearly the leader.
li.tlc railway preferred brought 1874 /.
ard a cnw shares &C Capital Traction
sold at Sn.
\ sale IF twent- shares of East Wash
'-r,.toT Saving: Park was made at II.
=" lonG-rna;---:2ea standard price of
tie.,a shares
ut :, :-iusIc hca;, transaction was re-
...r,'ed. Values on bonds seem to have
49, hr. I ;e-"t where further conceS-
sio.s VIII nc s-t:ogi-gly granted.
Potomac Electric IS.
The stock exchange has admitted to
IT. bond list s75o.GO0 Potomac Electric
per cent bonds, being the amount
w p. Hibbs & Co, from an authorized
issue of $l.111. a0n. recently approved by
the utility commission.
ON the call 100 was bid and 102 L
asked. The bonds carry interest from
June l. 1915. and are guaranteed by the
Washington Railway Company.
Bethlehem Steel's Excess Tax.
1t is estimated that the excess profits
tax Of the Bethlehem Steel Corporation
will he about s17.00O,00o.
The comparative years on which ex-
cess profits are based were lean and I'M
profitable for Bethlehem Steel Corpora
ton. as they were for very many indus
trial corporations. In 1911-12-13 the an
nual net profits after depreciation and
deduction of bond interest averaged
about 100000.
Earnings for the year 1917 will not be
far from s4s,000.000.
Unite for Protection.
The Investment Bankers Association
was given first opportunity for repre-
senting investment interests before the
interstate commerce commission during
the hearings on the recent application of
the railroad managers for higher rates.
Now an Investors Protective Asso-
citation has been formed. of which n.
L. Amster is president, and an effort is
being made to bring investors and
bankers interested in all manner of in
vestments into line.
1t is claimed that owners of securities
in the United States of an aggregate
value of s50,0o0.o 900 have no
hesive. mutual organization of their
own. and are therefore unable to act as
a unit in the interest Of the investors
generally.
Much interest centers in the proposed
movement.
The Export Embargo.
During the fiscal years named the
total exports from the United States
of goods of various kinds covered by
the present export embargo were: 1913
u. $573.235. 900; 1s14-15, s1.067. 297. 900:
1856. $1.50S. 826, 900, and the first ten
months of the fiscal year ended June
80. 1917. S1,934,595 The percentage of
the embargoed articles to each years
exports. based on money value, follows:
In 1884. 24.6; 1914-15, 1913: 1856.
1852, and for the ten months of the last
fiscal year. 37.s per cent, showing the
steady increase. partially attributable
to our own activities in forwarding war
supplies, etc. and to the increased d.
version of neutrals' imports
In 1915, for the eleven months ended
with May. the exports to Germany di-
rect totaled $2s3,000; in the eleven
months of this year ended with May
they were valued at S2,196.000, prob
ably representing the value of the car
goes of the submarine merchantmen
Deutschland.
Washington Gas Dividend.
The regular quarterly dividend of the
Washington Gas Company. $1.2o share.
is payable August 1 TO shareholders of
record July IA.