Evening star., 1919-05-04
.OTHING NTERFERES WITH THE
STEADY INCREASE IN SAVING
Postal Savings Banks and Billions of Lib
erty Bonds and Higher Than Ruling In
terest Rate Work Only for Thrift.
offices Of the system with over forty i'm
portant investment centers.


portant investment centers.
The q. s. Steel Corporation.
From the organization of the Unit
ed States Steel Corporation. 1t has al
lowed $1.26S.625,S11 for depreciation.
ordinary repairs and sinking fund;
has expended $735,050.715 for ordi-
nary repairs: $161, ,o55.251 for extraor-
dinary replacements. and sso1,2o9,s39 for
new construction.
When the corporation was organic
ed it had in sight 700,0o0,000 tons Of
iron ore; it now has 1000. 600. 900 tons.
The company has produced enormous
quantities of finished steel product.
plates, forms. shapes, ingots, ETC., and
has given to the United States the
highest degree of service and patri-
otic support in the conduct of flnanc-
ing Of the war.
The Wall Street Journal places the
technical book value of the common
stock at $3.50 a share.
The Street Railway Situation.
in the outcome of the street railway
situation, and is watching with inter-
est the developments in connection
with the efforts of the officials to
reach an agreement where the bust
ness may be conducted with satisfac-
to the companies to enable them to
keep the service at high standard.
The regular quarterly dividend on
the common stock of the Washington
Railway and Electric Company will
be due June 1. but there are many
who believe the wisdom of the di-
rectors may be against the declara-
ton and payment at this time
To pay the X per cent quarterly divi-
dend would call for $s1.20o. The prefer
red dividend for the quarter is due June
l. There has been no question raised as
to the payment Of this.
On the Local Market
During the past week the typesetters
have moved up fractionally on the local
security market, being about the only
shares that have displayed strength
Capital Traction. Washington Gas and
Washington Railway preferred, three of
or slightly. Changes in bonds have
been very slight, nor has there been any
great activity.
There is no speculation in the local
market whatever.
business Conditions.
Business experts admit that little
bit Of the silver lining is showing. while
in some lines of trade the full bloom of
The steel and iron situation and the
building industry are the laggards. nor
is all gloom in this section of industry.
The definite settlement Of prices for
the needs Of the railroads of the country
is still In abeyance. and this is the brake
tina t bolds back the entire trade.
The steel business was slowly recov-
ering before the action of the director
general Of railroads in refusing to ac-
cept the stabilized price list of the steel
men and tho industrial board, but on
the denoument improvement ceased.
Pittsburgh adyices are a little more
eneouraging with chances for q recov-
cry, with the resumption Of building in
many Of the larger cities. where further
delays are causing discomfort.
The bank .clearings Of the country are
Is per cent heavier than they were last
week.
Dun's record Of failures-543 in April,
1918. against 905 in April, .1s1S-is en-
raging. while for the first four
months Of this year they were nearly
1000 less than for the same months In