Evening star., 1916-10-20
STEADY RECOVER|ES BY
1 THE ELOCAL UTILITIES
Both Washington Railway and Elec-
tric and Capital Traction Prices
Ia Show Improvement.
Stock Exchange Makes Plans for I'M
proving Business-Chapin-Sacks'
/. Annual Dividend.
BY I. A. FLEMING.

Values on local utility stocks seem
to be gradually creeping up to higher
levels on the Washington Stock Ex-
change, although as a rule the bus-
ness is confined to odd lots Today's
session was marked by the sale of a
quotation lot of Washington Railway
and Electric common, the first that has
been made for some time past. and the
price, 80, indicated a better tone. The
preferred shares of the same company
sold to 81 B
Capital Traction continued it's steady
advancing trend, a number of shares
selling at a new high on this move
ment-S4Z.
Even Washington Gas, which has not
been a favorite since the enforced cut
in price to rs cents, showed a better
indication, in the fact that offerings
are scarce and the asking price higher.
Transfer and Storage Company sold to-
day, the first in months, the price be-
ing 90.
Today's trading was attended by
fair demand for bonds. with sales at
los u for Washington Gas 5s. 102 II for
Graphophone 6s and S1ss for Rail-
way As.
Dividend Declared.
The regular annual dividend of the
Chapin-Sacks Company-1O per cent
has been declared and is payable No
vember l.
For Better Business.
This afternoon members of the Wash
fngton Stock Exchange voted
number of amendments to the constitu-
tion and bylaws of the organization
and took a positive step in the inter-
est of a valuable addition to member
ship: considered the listing of num-
ber of stocks and bonds and made other
preparations to broaden the usefulness
of the exchange in the immediate fu-
ture.
There are quite a number of dormant
memberships that are of no value to
the exchange, and there are also Il few
seats offered for sale by owners who
do not avail themselves of the oppor-
tunities offered for doing business.
1t is the intention of the exchange to
buy in these seats. and to hold them
against probable inquiries in the in
brokers or members considerable
fund is available for this purpose and
few seats will probably be acquired.
within the next few days.
The exchange will move to it's new
quarters. on 18th street northwest, early
next month.
Gross earnings of the Southern Rail-
way Company for the second week in
October. partially estimated. were ST.
562.9SS, an increase of S19O.13I in COM
parison with the earnings of the same
week last year.
From July to October IA the gross
earnings were s21, ,46s.60S, an increase
of $2,2S4,962, in comparison with the
gross for the same period of 1915.
Given Permission to Serve
Frank E. Ghiselli, cashier of the
Commercial National Bank. has been
granted permission by the federal re-
serve board to serve also as a director
of the Exchange Bank. with which he
has been connected since it started
in business.
Graphophone Dividend Declared.
The regular quarterly dividend of ! 2.
per cent has been declared the pre-
ferred stock of the American Graphophone
Company. payable November Is to sh 1re-
holders of record November l.
Condition of the Treasury.
Condition of the United States Treas
ury yesterday:
Net balance in general fund. $751;
615,363: total receipts, s2,917, ,401; total
payments s2.31O,962.
The deficit this fiscal year is $74,320,-
352, against a deficit of $43.139,457 last
year, exclusive of Panama canal and
public debt transactions.