Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-10-14
HOME SAVINGS STOCK
/ APPEARS ON SALES LIST
First Transaction in This Security
in Several Years Recorded
on Exchange.
Bankers to Hold First Fall Meeting
Dividends and Other Finan-
cial Notes.


the first transaction in this security In
six or eight years. The price was 405
After this sale was recorded, the bid
was repeated, and then advanced. but
all offers of higher figures failed to
bring out any more of the stock. AT
the close the bid of 3S5 was recorded
The sale of odd lots of Graphophone
common stock at par attracted con-
siderable attention, being the highest
figure that has been paid for this Sc
curity on the exchange in several years
More of the stock was to be had at
par but the bid did not advance above
o..
Reports from the company indicate
increased earnings. 1t is stated. Every
thing appears to be in hourishing
condition. Brokers today predicted that
higher levels yet are to be reached by
Ronds were the most active sellers
log and Capital Traction IS 1861
Railway and Electric As brought SIN
for $4,000
Capital Traction stock sold twenty
1--WE shares at ssN. the high of yester-
day Then the offering dropped an
eighth. and the bid was STA.
Dividend Declared.
Announcement was made of the dec
laration of a quarterly dividend of Q
per cent by the Washington Loan and
Trust Company. payable November l
to stockholders of record October %.
the books to be closed from October %
to 81. inclusive.
First Fall Meeting.
The initial meeting and smoker of
the 1855 season is to be held by the
Washington Chapter Of the American
Institute of Banking tonight at the
chapter rooms. 1914 F street north
west
The delegates to the annual conven-
ton of the American Institute of Bank
ing, which was held in San Francisco
In September, will make their reports.
There will be informal talks by some
of the older members, and a general
discussion of the work to be followed
during the coming year. which has
been mapped out to cover considerab BILE
scope
The names of the prize winners in the
recent examination for institute GER
tiAcates will be announced. together
with the names of those who were sue
cessful in qualifying for the certifl-
cate.
new member of the board Of gov
ernors of the chapter will be chosen
nation of G. E. Staufrer, who leaves
Washington to take up his new duties
a. national bank examiner.
Railroad Statistics.
One-sixth of the railroad mileage Of
this country. on which is more than
ons-tenth Of the total capitalization.
Is now in the hands Of receivers.
Recent addition Of Missouri, Kansas
and Texas and Missouri Pacific to the
unfortunate family of railroads in re-
ownership brings the mileage Of such
roads up to 4o.731 and their total cap
italization to $2.271,5o3.4ss. This Is is
per oent Of the total mileage and more
than II per cent OF the total gross
capital OF all the railroads in the
United States.
Bonded debt Of all roads In receiver
ship fs now $1.5s4.s41.014 and capital
stock Se7e,ssz.475: This represents ap-
proximately $4,000 and $1s.500 per
mile. respectively.
In all ss7s.s75.ooo railroad bonds are
now In default
Fewer Cars Idle.
The American Railway Association
reports that October / the net surplus
of idle cars on the lines of the United
States and Canada was 1920. COM
pared with lcJ,oO5 september i, de-
crease of 106.71O during the month
The idle-car surplus October was
about $4,000 less than on the corre-
spending date of 1914.
During the month Of September gross
surplus decreased from 1911. 300 to S.
06l. while the gross shortage October
was 9.T6e. compared with $500 Octo-
Der 1 the net surplus Of box cars was
36.254. while September the same total
was 99.01s. The net surplus of coal
cars changed from 3S.5S7 September
to 1892 month later. Flat-car sur
plus was 6,36S. compared with 1902.
Condition Of Treasury.
Tho condition Of the United States
Treasury at the close Of business yester-
day was:
Net balance in general fund. s118,sss,-
OTIS.
Total receipts. 81. 7os ,352.
Total payments. s2.057 sos.
The deficit this fiscal year is $41615,o61
against a deficit Of S2s.so0.733 last year,
exclusive OF Panama canal and public
debt transactions.
Lower Prices Scored.
Lower prices were scored in the aft
ernoon on lighter trading.
Gas shares were an exception, Con-
eolidated Gas advancing more than Z
points to within a fraction Of $50 on
reports of a forthcoming extra" divi-
dend.
H~.As~. n--Ix