Evening star., 1915-03-10
LOCAL STOCK MARKET
SHOWS STEADY TONE
Investors Display No Inclination to
Increase Holdings, But Prices
Are Firmly Held.
Controller of Currency Wants More
ACKNOWLEDGEMENTS Out of Mis-
souri, Pacific-Financial Notes.
BY I. A. FLEMING.

BY I. A. FLEMING.
Washington securities are acting as
we'll as could be expected. in the opin-
ION of bankers. under conditions that
are not entirely favorable. There is
an abundance of money and investors
are keeping in close touch with the
situation. while at the same time they
are not disposed to increase their Sc
curity holdings until there is a decided
Improvement in conditions.
With three exceptions there have
been no serious declines in Washing
ton stock prices. incident to the un-
settled condition arising from the
European war There has been moth
ing in the way of weakness and
liquidation such as affected the Wall
street market.
That prices hold their own, on the
limited trading movement. is a matter
of congratulation for shareholders in
these corporations. Doing as well as
they are now may be taken as an in
dication of probable better prices with
better conditions.
Todays market was narrow, as may
be imagined from the statement that
Graphophone common was the leader,
with 40 shares sold at 60 to 60h. This
means belated profits and getting out
even to many holders of this stock
who have waited and watched patient
ly for long years. Only few months
ago. prior to the breaking out of hos
tilities in Europe. the stock sold as
low as IS. The y per cent dividend.
rumor of which was noticed in this
column yesterday. is payable April 1
to shareholders of record March 10.
Washington Gas sold sparingly at
.2a, Potomac Consolidated SIS at 99A I.
City and Suburban 5s at 101 y and 5000
Railway As at S1s..
New Features to Reports.
There are a number of new features
to the reports asked of the banks by
the controller of the currency at this
time aside from that relating to COM
plimentary deposits. In ordering the
elimination of these deposits from the
reports the controller has the approval
of the American Bankers Association,
which has frequently urged upon its
members the abolition of exchange de-
posits.
The other new features which banks
are asked to make reply to in the re-
ports now being sent to the controller
are as follows:
United States bonds pledged to Sc
cure United States and postal deposits
District of Columbia or any territory
or insular possession bonds must not
be included therein. but must be shown
under other bonds pledged.
state. county or municipal deposits
secured by item of resources -
Only deposits which are secured by
pledge of bonds or other securities as
collateral should be reported here.
Drafts or bills Of exchange Incl
dent to the importation or expectation
of goods, accepted under section 13
of the federal reserve act" This refers
TO drafts or bills of exchange accepted
by the bank and outstanding as OF
the date Of statement to the controller.
Number of depositors." Space has
been provided for reporting the num-
ber of demand" and number of time"
depositors to whom interest Is and is
not allowed
Liabilities of officers and directors"
etc. Item Z of this schedule has been
changed to show the number OF shares
as registered in names of officers and
directors on tho stock ledger. and the
number of shares actually owned. re-
gardless of the amount indicated on
stock ledger.
CIearings.
Tomorrow the governors Of the federal
reserve banks will meet in Washington
to consider further regulations that may
be deemed wise for the government clear
ings by regional banks.
banks. IL given their choice in the mat
ter. will not turn their collections over to
regional banks to any large extent.
They prefer to hold on to their collec-
tion profits as long as possible.
Treasury Statistics.
The disbursements for March s, by
the Treasury Department, exceeded the
receipts by sS39.s5s. making the excess
that date, S101.916,72s, as compared
with excess disbursements of $780,
215. for the previous fiscal year to the
corresponding date.
Graphophone Dividend.
The dividend of TX per cent on the
common stock of the Graphophone
Company is not a quarterly distribu-
ton, nor on the basis of 7 per cent per
annum: the declaration does not carry
with il the promise of regular divi-
oends hereafter.
Munsey Trust Co. of Baltimore.
Minority shareholders of the Munsey
Trust Company of Baltimore of record
February Il. who may desire to sell
their stock in the company at $40 a
share. the price for which the syndi-
cate purchased control, may turn in
their stock Monday and receive pay
ment for the me.
Financial Notes.
Shareholders of the Missouri Pacific
Railroad Company. at their annual
meeting. held in st. Louis yesterday,
eliminated Gould dominance from the
system. George J. Gould retired as
chairman of the executive committee,
and Kingdom and Frank J. Gould as
vice presidents.
Gold from Japan to the amount of
$500. 900 has been received at San Fran
cisco; $i.350,o00 more is en- route. and
the aggregate imports of the yellow
metal since August have been s14.-
100000.
Corn Products Company added s3,-
o00, 900 to working capital in 1914, in
ereasing it from $5,s94.574 to S8.746,-
574.
Twenty Chicago national banks in
creased their deposits from December
81. 1914, to March 4, 1915, by 13 per
cent.