Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-01-30
LOCAL EXCHANGE !
RATES INCREASED
Slightly Higher Commission
Fees Go Into Effect Next
Week-Notes.
BY CHAS. p. SHAEFFER.

A revised commission chart, carry
Ing with it a slight increase in fees
for executing orders on the Wash
ington Stock Exchange, will become
enective on February l, 1925. Th4
present schedule has been in effect
since August 10, 1921
The new schedules major changes
VIII affect commissions on stock
tran sactions where the market value
ranges from $40 to 500 per share.
stocks selling at $40 a share and
above, but under $50, will be taxed
At IN rate of 10 cents a share, while
those selling at $50 share ana
above. but under 500. will be taxed
at the rate of % cents per share
Under the old schedule stocks SELL
Ing at $40 and under were assessed
II cents a share; over $40 up TO and
including SIS, at the rate of Is cents
a share. over s25 up to and including
Sloo' at the rate of 25 cents a share
and over 500 at the rate of 30 cents per
share.
The new schedule, in its entirety,
follows:
Government. 1912 cents per 500,
all other bonds, 20 cents per 500.
Stocks.
Under so cents a share, II. cents
per share; at so cents a share and
above, but under 81, 3 cents per
share; at 81 a share and above. but
under 50, cents per share: at IS A
snare and above, but under $40, 10
cents per share; at $40 a share and
above, but under $50, Is cents per
snare; at $50 share and above but
nnoer 800, % cents per share; at
sIoo share and above but under
SZoo, % cents per share; at 5000
snare and above. 4 per cent of
amount of transaction.
Commissions on rights shall he the
same as those fixed for stocks.
fractional shares: Less than /.
share, 20 cents each transaction: =
snare and over, 80 cents each trans,
action. Minimum charge of $3.50 on
any single transaction except for
fractional shares
December Phone Report
An increase of approximately s28.-
VVo IN operating revenues, Offset by
an increase of about s56,000 in oper-
ating expenses, resulted in a decrease
OF more than $4,000 in net income of
the Chesapeake & Potomac Telephone
GO. for December, 1924, as compared
with the corresponding month of the
previous year
statement of earnings filed with
the Public Utilities Commission to-
day reveals net for the month Of
sIl,16o, as against $102, 290 in Decem-
Der, 1928. and with siI2,5O2 in No
Hember, 1924. Total operating reve-
nue. amounted to $520.S42, with ex-
penses aggregating S413,4 S3. Taxes as
signable to operations and uncollectible
totaled S34 10.
Net additions to plant and equip 5
| ment added during 1924 amounted I,
sl.49o,87s. which included $924,451 o.
retirements.
Bank Stock mt New Top.
Stock of the Commercial National
Bank reached a new high in recent
years on the Washington Stock Ex-
change today, five shares selling at
152. This figure represents a net gain
of Z points over the previous sale.
National Mortgage preferred sold at
s3s.
Traders concentrated on the invest
ment side of the market, where trad.
ing was well diversified at strong
| levels. Potomac Electric IS of Al sold
to the extent of $4,000, at 107, the Ok
of this company being unchanged at
80. Gas SIS of 1893 brought 1031s with
Railway refunding 6s selling at par
and a half, and par and three-eights.
Railway As were unchanged at 70.
Exchange Head Back Home
Eugene Z. Thompson, president of
the Washington Stock Exchange, re-
turned TO the city this morning after
helping inaugurate Floridas new
Coastto-coast Seaboard Air Line rail-
way last Saturday Mr.. Thompson was
delayed on his return about two days,
occasioned by Georgia floods, which
| rendered useless many miles of track
age.
Packard Pays Dividend.
Directors of the Packard Motor Car
Company have declared the regular,
quarterly dividend of Ia per cent on,
the preferred stock of the company,
payable March IA to stock of record
February IS.
I'D