Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-02-23
ADDITIONAL GAINS MADE
BY tANST0N ON CHANGE
Stock Sells at 68 1-2 at Todays SEES
sion-0ptions for Railway As
Recorded.
Annual Report of American Graphic
phone Co. Shows Surplus of
1854. O.75-Financial Notes

Further gains by l.anston stock were
recorded on the local stock eNchahse
today. From low of Sell last "eeh
the price advanced to SIS on Mot"a|'
and today another half-point advance
was made Ten shares sold at hS"s ana
twenty shares at S.. At the close Is
was the bid and 60 the asking price.
There were two transactions in
Washington Railway Is. the seller 10
deliver in thirty days one was for
81 900 of the bonds at >""s and the
other for $4,000 at So12.
cdd los of Washington Railway pre-
ferred were off slightly sales at SIX
being recorded. An ofdity of the trad
ing was the sale of $40 shares o.
Graphophone preferred at ia.
Three shares of Norfolk and Wash
ington stock brought 155 and s shares
of American Security and Trust
brought a"n, which is eight points be-
low the last sale of record.
To Address Bankers.
William X Hardt of Philadelphia has
been invited by the Washington Clear
ing House Association to address the
members of the association and repre-
sentatives of the local banks affiliated
with the District Bankers Association
on the afvisability nf engaging an in
dependent bank examiner in this city.
Mr. Hardt is engaged h. the Philadel-
phia banks as their independent ex-
aminer.
The function of an independent en-
aminer is to keep track of the accounts
carried by the various institutions of
the clearing house with a view of adj
vising them as to limits of credit to he
extended customers. His work supple
ments that done by the national bank
examiner.
The date on which MIR. Hardt is to
address the Washington bankers has
not yet been set
Graphophone's Annual Report.
The report for the year ending De-
cember 81. 1915, of the American
Graphophone Company, the stock of
which is listed on the local exchange,
was made public today. 1t shows earn
ings from all sources amounting to
s1,9SS. 80. Deductions in the form of
interest on funded debt and floating
debt amounted to s125,I4i.1. During the
year there was charged off for depre-
citation. s491.s53s2. and for patents.
was charged off. The surplus for the
year amounted to Ss54.31o.75. 4
Banking Records Broken.
The controller of the currency. in
making public today the figures reiat-
ing to the condition of all national
banks at the date of the last call, De-
ceber 81. 1915. said:
The national banks of the United
States in their statement of December
all
resources aggregated s13,461. 200, 900, an
increase since December 81, 1914 of
$2.110.000,000, and an increase over the
November 10. 1915. call of 1921 ,oOO, 900.
The increase in deposits during the
twelve months period was s2163, OO0-
900: the increase between November
10 and December 81. 1915. was SEGA
100000. Total deposits. including bal
ances due banks and bankers. were
s1o.37s. 100000.
Loans and discounts increased as
compared with December 81 1914,
sl.o1o.ooo,ooo. and as compared with
November 10. 1915, s123.000,OOO.
Bills payable and rediscounts amount
ed to $9s. 100000. a decrease as COM
pared with December 81. 1914. of s34,-
ooo; 600. and a decrease as compared
! with November 10, 1915. of s5.0O0.0O0.
United States bonds held decreased
during the year $4,000. 900 while the
holdings of other bonds and securities
increased during the year sl04 oGn 600
The national banks increased their
holdings of specie during the twelve
months 1854 900. 900 notwithstanding
the increase during the same period of
COLO holdings by the federal reserve
banks.
The number of reporting national
banks December II. 1915. was 1907
against 1851 December 81. 1914
Revenue Increase Shown.
An increase in net operating revenue
OF s5lo,4s9 over that for the same
period during 1915 is shown. in the
January. 1915. report of the Baltimore
and Ohio Railroad Company. made pub
lie today. The total net operating
revenue for the month was s2O4ss7s
Tor the seven month period ending
January 81, 1916. an increase of S5.691.-
"a in net operating revenue is shown
over that of the same period durin.: