Evening star., 1918-01-23
BAL T|MORE & OHIO TO
PUT OUT MORE BONDS
BY I. A. FLEMING.

J Application has been fled before the
Ohio public utilities commission by
the Baltimore and Ohio Railroad Com
pany for permission to issue. sell OF
pledge $10,2s4,3S4. refunding and gen.
eral mortgage bonds. s732.00o to be
used in retiring matured bonds OF un-
derlying companies and the balance to
pay for improvements made between
December 81, 1915. and November 80.
1917. The Baltimore, Ohio and Chi
cago wishes to issue $758.914. and the
Baltimore and Ohio Southwestern,
s560.O00. both to pay for betterments
made In 1917.
It is stated that Commissioner Nc
Adoo has given approval to the financ-
ing.
Railroad Earnings.
For the final week in 1917 the gross
earnings of nineteen steam railroads
were reported as s1o.5s7,0o0, as COM
pared with s9.25S,0o6.
Your Income Tax Return.
After you have completed your
income tax return, If you live near
Washington, send it to the collector
OF internal revenue at Baltimore, Md.
You must not send it to the Municipal
building or to the Treasury building.
Money Strong-Paper Wanted.
over. Bankers have received the signal
OF the approaching campaign for the
third liberty loan and are conserving
their resources that they may again
take their full and important part in
the great work.
Credit limits ora cloan fo oacoss;tiau
and wherever possible nearby maturi-
ties are desired. The ruling rate on
loans is per cent.
Commercial paper of high grade is in
excellent demand and very large blocks
nave been purchased in the open mar
ket by local bankers in the last few
weeks, this being considered especially
wise. as the maturities are such as
make the paper eligible for rediscount
with the federal reserve bank, should
the demands for accommodations in
crease, as they will in the near future
rates on paper are 5& to per cent for
nigh grade. Any other quality of COM
mercial paper is hard to dispose of.
Federal reserve banks want the best.
Buying Acceptances.
The federal reserve bank of New
York continues to buy dollar accept
ances, giving its support to the Amer
lean unit with steady persistency.
But the federal reserve officials have
not relaxed any. of their scrutiny of
paper or care that it is high grade,
preference being given to bills of short
maturity.
Bills of banks that have not been
especially to the fore in supporting the
discount market are not eagerly sought
after, nor is there any enthusiasm
shown in the buying of bills marketed
immediately following their issue
The government wants every manu-
facturer to use his own credit. using
acceptances in payment of raw mate
rfais. etc, before calling on the gov
ernment.
Rates on acceptances generally run
from 3A to ~ per cent for paper of
80. SO. 80 or 120 days date.
On the Local Stock Exchange.
Nineteen shares of Capital Traction
stock sold on today's session of the
local stock exchange at S0Z, marking
slight advance for the day.
. The bid price at the close was 80 and
the asked price 81.
There was little or no change in the
bid and asked prices.
Another Income Tax Aid.
The Commercial National Bank has
opened a special department, in room
6o2, Westory building (above the
oank), for the purpose of aiding and
assisting persons in making up their
income tax returns to the commissioner
of internal revenue.
The department is in charge of a
OF the tax law; and this service is Of
fered freely to all persons, regardless
OF whether Or not they are depositors
of the bank.