Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-19
GRAPHOPHONE SHARES
NOMINAL, BUT LOWER
Best Bid on the Common Stock
ITO 1-8-Railway Preferred
Showed Firmer Tone.
Initial Sale of the Year of George
town Gas Certificates at 1O2 IA.
Other News Notes.
BY. I. A. FLEMING.

There was a fair business in local
stocks and bonds, though the aggregate
was nothing like that of Monday.
Moreover. there was a subsistence of in
terest in American Graphophone shares,
resulting from a setback in price in the
New York and Boston markets Sales
were made of the common shares at
119 yesterday. this morning they were
offered at 112 in New york. with III
bid. The result was that the bid price
in Washington was lowered to HOS
and on the preferred to 10, while the
asked figures were 11SS for the COM
mon and lis for the preferred
The session was marked by the initial
trading of the year in Georgetown Gas
Company's ) per cent certificates, the
price being 102h, not far from the last
price at which the first mortgage IS
of the same company sold.
A short-term maturity RIGGS Build
ing IS sold at 100 Il and a Norfolk and
Western Steamboat small bond at 100.
Washington Railway and Electric
preferred was firmer. with sales at 81,
the common being nominal. as were all
other public utility shares.
A sale of Washington Loan and Trust
Company stock was made at 231 Is, this
being a . Is point advance over the last
previous transaction.
District Bankers Association.
William T. Galliher president of the
American National Bank. was elected
president of the District Bankers Asso-
citation al its annual meeting held last
evening Mr. Galliher moved up from
the first vice presidency, and John
Poole president of the Federal Ma
tional Bank took the first vice presi-
dency and will next year succeed to
the presidency.
1a ,ari.a Co
curity and Trust Company succeeded
Mr.. Poole as second vice president.
Edmund S. Wolfe of the District Ma
tional Bank and Albert S. Gately OF the
Lincoln National, both cashiers, were
reelected as secretary and treasurer,
respectively. .
Four bank presidents were chosen as
the executive council-R. N Harper OF
the District National Bank, Cuno h.
Rudolph of the Second National Bank,
Z. j. Bell of the American Security and
Trust Company and NJ. D. Rosenberg
of the Bank OF Commerce and Savings.
Charles W. Warden, Howard Moran
and Floyd Z. Davis were chosen mem
bers of the committee on examinations.
An audit committee composed of John
Nj. Riordan, w. w Spaid and Joshua
EvanS. IL, was elected.
Reports of special committees were
received and the work of the Washing
ton Chapter, American Institute of
Banking, received the highest praise
Al the next meeting VI tHe DiHheTS
association in December the bad
check" question and uniform collateral
note proposition will be threshed out,
it is hoped, to a conclusion.
Eleventh Anniversary.
Today marks the eleventh anniver-
sary of the organization of the Com
mercial National Bank. There was no
celebration other than the congratulate
lions that We're extended to President
Chaplain and his associates by friends
of the bank.
Financial Notes.
The United States Express Company.
in liquidation, has declared first and
partial dividend OF so a share, payable
November 10, to shareholders OF record
OCTOBER 80.
Deposits OF New York Clearing House
Association banks have increased ST.
600. 000, 900 since January /, 1915.
Call money in New York city is 11sa2
per cent, generally p per cent.
OF the common stock of the United
States Steel Corporation 1921 per cent
is now neld abroad. while s.26 per cent
of the preferred is owned by foreigners.
Much OF the selling of the common stock, |
following the passing of the dividend.
came from abroad, and has been easily
absorbed on this side.
Rock Islands deficiency in two years
will show close to s30.000,o00 lacking.
The steel markets of the world are
strictly in the hands of sellers, and buy
ers have to wait their time or pay for
the privilege of obtaining early deliveries,
while in many instances price is no
Involvement
New Haven earned 1.46 per cent on
stock last fiscal year. Improvements
needed in the next few years will call
tor x.-ht luna will