Evening star., 1916-09-13
GRAPHOPHONE SHARES
ACTIVE AND STRONGER
Common Stock Six Points Higher
Than the Preferred-Bonds
Also Firmer.
Potomac Consolidated 5s Up to
1o1 1-5-Capital Traction Stock,
64-Other Financial News.
BY I. A. FLEMING.

There was decided Improvement
In the volume of trading on the local
stock exchange today. and q good de-
nand for both stocks and bonds. with
better prices. although the advances
were not especially important save in
American Graphophone shares, which
were the market leaders.
The big earnings of the Graphophone
Company, made public recently in this
column, the large untitled ordors. I,oce.-
coo graphophones and 100000 records
has inspired confidence in larger divl-
dends.
New York, however. set the pace. For
months the two issues, common ana
preferred, have sold side by SIDE on
q parity but today the common STOCK
crossed the preferred for an advance 10
17s. then to lI5ls, the last quotation
being 1,5.
There was but one price for the pre-
ferred shares. 1863. In all so shares of
CAPITAL Traction sold at 81. with s59s
bid at the close only one odd lot ~
Washington Gas sold that at -
Bonds were more active. Potomac
Consolidated 5s improved TO l0lfs;
Graphophone Is closed with lol bld ano
1o2 asked, the remarkable strensth VI
the share issues. which. oil course, az
uuiry for the latter. despite the faet
that the bond issues are retirao ole II
par on notice. but the general op]fiion mon
is that they will remain outstanding 1ot
a considerable period
Purely Personal.
Nathan Is. Scott. president OF the loh-
tinental Trust Company and George
Weber. a prominent member OF the
stock exchange. have returned from thelr
vacations.
Exports for July.
The exports from the United states
for the month of July totaled in value
s445. .i72.46t, against sZo4'lo''2'- ioi 't'e
same month in 1915
Tbe ,alue of the total exports from
the I-uited States for the seven months
ended with July was S2.926,22 -, as
compared with sI.936.994.939 for the
corresponding months of last year
Large Exchange Charges.
Chicago banks have no idea of losing
any of their profits from check collec-
tions; indeed, they have put into effect
a new scale of rates which makes the
ne-cent-an-item plan of the federal re-
serve regional banks look exceedingly
inexpensive.
A District of Columbia check sent to
Chicago carries a collection charge OF
so cents per 81 900. and cents an item,
provided the item is over $50. This
charge also applies to Richmond and
cities Of about the same class, Dallas,
Cleveland Minneapolis. Atlanta. etc.
One dollar a thousand is charged on
items drawn on far western and south
western states, plus the cents an item
Two dollars thousand is the charge
on Canadian items other than Winnipeg,
Montreal and Toronto. with 10-cent
minimum charge on any item.
Call Past Due.
Bankers have been expecting from
day to day cali from the controller
of the currency. the last having been
June 30. With a disposition on the
part of the official to make six calls a
year, announcement has been expected
tember.
New Rate Approved.
The federal reserve board has ap-
proved a new rate of rediscount of 4
per cent for the Richmond regional
bank for fifteen day matuFIties.
Condition of the Treasury
The condition of the United States
Treasury at the close of business yester-
day was:
Net balance in general fund sIs5 761, Ill
Total ordinary receipts. $3.522. s23
Total ordinary payments So 80, 29S.
The deficit this fiscal year is S36 27o. 3S7,
against a deficit of s27044,657 last year
exclusive of Panama canal and public
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