Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-06-21
SHARP GAINS MADE IN
GRAPHOPHONE SHARES
Various Rumors Circulated as to
Source of Buying That Has Put
Stock to Isl.
Bonds in Good Request-Dividends
Declared-Gossip on Possible
Government Loan.
BY I. A. FLEMING.

Action in Graphophone shares fur-
nished the sensation on the local STOCK
exchange this afternoon. The STOCK
both common and preferred. of this
c,rnoration has developed very great
strength within the last few days ne"
York brokers are securing the country
with postal cards seeking for tne
.h.res and rumors have been current
of absorption of the company oy the
Victor Manufacturing Company
There seems to be no foundation for
this statement. 1t is asserted oy
local authority that Delaware po"
der manufacturer has become greatly
impressed with the prospects and has
,.a, communicating shares for some
time past. -,
xanced to l471.. after an official clos
ing at 143. This afternoon sales were
made at $50 to ISL. and the CLOSING
was with 1901 bid and 10 as aseion in at
il4 bid. selling today at lSo4s 10 loi
with 1905 bid at the close.
There was an excellent demand only
partially filled Railway As were
wanted at sly and ofiere ed,t az epa ans
washington Gas IS sold at 1918
strong prices were bid for other issues
Mer9enthaler was firm at 1921. Ian
ston moved with fair freedom at so
to s0h.
One Of the features Of the interest
ing session was the sale of Railway
common at 50, s1a. being bid at the
close. Capital Traction was offered at
ssh. with san bid. ,.
sold at 1907. the highest record for
these shares
A bid of rs was made for George
town Gas shares with 100 asked.
Dividends Declared.
The directors of the American Tele-
phone and Telegraph Company have
declared the regular So a share
dividend. payable July Is, to share
holders of record June 80.
The directors of the Georgetown Gas
Company have declared the regular
sl2x share dividend. payable June 80,
20 shareholders of record June "a.
The Firemen's Insurance Company
will pay a per cent dividend July l,
books closing June y.
Greene-Cananea.
No cessation Of work has taken place
NJ the mills and mines of the company
Is Dull IOIty HullSS " tiAC ooANS 0A'N
automobiles are ready to transfer the
force. should 1t be needed.
At the annual meeting. held In Du-
luth. Mimi. yesterday. the shareholder
voted that hereafter books should not
,iose for annual meetings, dividends
tic.
Outlook for Bond Issue.
Local bankers do not believe that the
government will undertake to float a
bond issue until after the election
should the Mexican situation become
acute
The credit of the United States is
about the highest possible grade Of
any Of the great nations Of the world
and there are millions Of dollars that
would be readily offered for invest
ment
Some nnanciers think that II might
be dimcult to float 5000, 100000 3 per
cent issue in view Of the large foreign
loans and the fact that there would be
no foreign participation in the loan.
The federal reserve law specifically
prohibits stocks and bonds from the
privilege of rediscount at the regional
banks.
Other bankers are of the opinion that
he government would have no trouble
raising all the money necessary ever
~ per cent rate, while higher rates
would naturally be more attractive.
May Increase Dividend Rate.