Evening star., 1921-12-30
PRICE STABILITY
NOTED IN LOCALS
Market Waits for January
Observation-Disclosures
Graphophone Company.
BY 1. A. FLEMING.


Reviewing the action Of the local
stock market today is but repe-
tition of the action Of the last 1e~
days For the time being the steadl-
ness seems to be SO pronounced that
1t would seem to suggest prices
fixed" so stable have they become
not fixed" but as stationary as
standard schedule prices.
Capital Traction at 94&. Railway
common at 81, Washington Gas at
49k Lanston at II.
Railway As at 65 and Capital Trac-
ton 5s at 50, with the entire Potomac
Electric Power list held strongly al
recent quotations, with the bid prices
well maintained as well.
Tomorrow market is likely to be
narrow. as trading unq9estionaniy
waits for the new year and the mil
lions of new money that will usher
1t in.
Signs Lease of New Quarters.
The Merchants Bank today signed
the lease of the banking room in the
Southern building. corner Of H and
18th streets northwest. The COM
pany will buy the banking n2tures
as they stand.
The lease of the quarters probably
marks change in the plans OF the
owner-perhaps the abandonment or the
sale of offices. etc.
The International Bank Will tease
the offices east of the foyer of the en-
trance from 18th street. formerly
occupied by VIM. H. Saunders, real
estate.
The new post office building on 14th
near H street northwest, Is well un-
der way and when completed. the
TriGf
will take possession of the premises
in the Southern building.
Columbia Graphophone Company.
Columbia Graphone preferred
touched a new low yesterday when
it sold at $3.50 share. The common
was off to $3.50.
Today the preferred sold up to
$40. but eased off fractionally.
While there is no Information or
an official character available, the
action of the market would seem to
suggest that the holiday trade had
not been up to expectations, al
though much better than for many
months.
the various producing companies
during the holidays has been very
severe.
At the same time there is a possi-
bility that yesterdays sales, some
16,S00 shares, represented the taking
of losses. although the new revenue
law prevents the sale and repurchaSe
of stock to take losses when less
than thirty days elapses between
transactions.
OF course, man may have trust
worthy friends.
On the local market a sale OF the
preferred stock, the first made. in
months on the local exchange, was
reported at 9A cash, probably elimi-
mating the account of a tired holder.
Thankful Planning.
Alvin W. Krech, president Of the
Equitable Trust Company, says that
1921 was a year Of thoughtful plan
ming"
Local bankers are earnestly hoping
planning new banks, but rather chat
it may be a year Of thoughtful plan
ming to strengthen those already in
the field.
Some November Earnings.
New Haven system for November
Gross, S1O.207, ,42s; decrease. $1,100,0OO;
net operating income. s1.524. l30.
St Paul-Gross s11,s0s. .316: decrease,
$3,S4S, ,0c0; net income. S6.14o.
Southern railway-Gross. $11,159,-
256. decrease, s1,524 900; net operating
income. S2.266,60S.
Norfolk and weStern-GroSS, $6,943.-
604; decrease. s2.007.479; balance after
expenses. Sl,5S7,S49; increase, $T1S,479.
Chesapeake and Ohio-Gross, $6.-
602,125; decrease, $1.600,000; net oper-
atins income, sS96.s31; increase, $780,
900.
Delaware and Hudson. gross. 3d.
631.113, decreased s640.000; net in
como increased $1,000.
Annual Election.
At a. recent meeting Of the stock
holders of the Columbia Title Insur-
ance Company of the District of CO.
1umbia directors for the ensuing year
were elected as follows: Allen c..
Clark, William E. Edmonston. viii
liam A. Gordon, Woodbury. Blair,
Louis f. Peak. James J. Becker, My
ron NJ. Parker, William J. Flather.
jr.: Edward T. Stellwagen, John Ed
,nund Cammack. James B. Nicholson.
Walter r. Wilcox, Henry X. willard.
Charles L. Marsh and w. S. Arm
strong.
The annual statement of the treas
nrer shows the company to be in a
very hourishing condition
Dividend Declared.
At the regular meeting of the di-
rectors of the Continental Trust Com
pany the regular quarterly dividend
of ] "a per cent was declared, payable
December 81 to shareholders of record
December %.