Evening star., 1920-10-09
GRAPHOPHONE CO.
+. TO ADD TO STOCK
Would Increase No Par Com
mon Shares to 3,0O0,O 900.
lanston 78.


Graphophone Manufacturing Com
rany were greatly surprised to re-
Ccivc d notice from the corporation,
through Francis 5. Whitten. its preS
dent. OF a special meeting TO be held
in the near future for the purpose of
increasing the common stock of the
company to 5000, 900 shares. of no par
value.
Accompanying the notice of the
meeting and its purpose, which in
cludes the approval of the acts of the
directors and such other business as
may come before the meeting. was the
statement that no new financing was
contemplated by the company at this
time. or for some time to come, if
at all. as at present the company is
in ample funds for all its needs.
Washington is a large holder of
Graphophone common
The local stock exchange sheet
gives the common stock issued as
SSO.4I7 shares. Through paying stock
dividends quarterly the stock would
I've doubled every twenty-years-if
this dividend is to be maintained.
Annual Meeting.
on Tuesday, the 18th inst. share
holders of the WashinGton-Nirgin
Railway Company will hold their an
NUal uleetlnS al mOuut tSTuVH-
At that time shareholders will
probably be informed as to the sue
cess of the plan to put new capital
into the company and add several
new directors to the board.
Proxies run to r. Golden Donald
son. Norman Grey and Howard S.
Graham
Names -Four Directors
Directors of the Security Savings
and Commercial Bank at their last
meeting added the following to the
directory of the institution: John B.
HarreIl. Diller F. Goff- Harry H. Levy
and Lawrence Mills. The new di-
rectors are prominent in the busi-
ness life of the city.
Natures ON 18th.
The Anslo-French loan of $50O.000.
oee becomes due and will be promptly
paid next Friday.
lad to ship but $2s,0oo, 900 gold from
Paris, being aided in making pay
ment by a 100000. 900 loan floated
through J. r. Morgan & Co. and cred
it's established here and dollar ex-
change purchased to the s,n value Let OF
was provided some time ago.
Baltimore Invites Delegates
The Baltimore Clearing House As
sociation has decided to extend an in
vitation to the delegates to the Amer
ican Bankers Association convention
to visit Baltimore some time during
the sessions either as individuals or
in a body.
Tho clearing house decided not to
extend a formal invitation for a spe-
cial visit to Baltimore as this might
interfere with Washington arrange
ments for the entertainment of the
delegates.
Tuesday q Holiday.
Columbus day. Tuesday next. will be
observed as a holiday in several
states. but not in the District of Co
lumbia- Baltimore banks will be
closed. Also the New York Stock
Exchange and banks there.
Calls for Government Cash.
The Treasury Department made an
other draft on the proceeds Of the
September Is issue Of Treasury GER
tifcates. desiring that the cash should
reach federal reserve banks not later
than the 18th instant. The draft is
for per cent of the remainder of
the proceeds on deposit with the
hanks.
UnAlled steel Tonnage.
The monthly report OF the untitled or
ders on the books Of the United States
Steel Corporation, as of September 80.
SuO~c0 IVA tfpcVo tou6 VI VGuct6 Opcu
This shows q decrease as compared
with August 81 Of 4s0,234 tons.
Lanston Shares, IS.
The upturn in Lanston Monotype
shares, which started yesterday in an
advance from 73 to IS. was further ac-
centuated today by further gain of
three points, the stock selling to TIN
and IS, with none offered at the close
under 80. Gossip on the street has to
do with large earnings and the pos
sibility of an increased dividend for
the December declaration.
The stock has been put up from
little better than 20 to IS with but
little accumulation of stock.
Capital Traction shares were active
to the extent of 118 shares. all SELL
ing at Sc.
Mergenthaler sold at 125. yesterdays
high.
The rest Of the trading was confined
entirely to bonds. AS money gradually
reaches lower value in the market,
local bonds should attract more atten-
tion az they offer excellent opportuni-
ties for investment at good yield.
Railway 5s sold yesterday at 55E
and today at 55. $4,000 being sold to-
day. face value.
Washington Gas SIS started at II and
the last sale was at 80. with nothing
between. the hid price being 7s34 at
the closing.
Potomac General Is brought 931n
yesterday. although the sale was not
reported until today. Consolidated 5s
Of the same company brought 1875.
CaDitai Traction SIS SfiA