The Washington times., 1916-12-20
TRADING LIGHT AS HOLIDAY
SEASON APPROACHES
Few Orders for Buying or Sell
ing Are Apparent---lmprove
ment on Exchange Hardly
Expected Until After Janu-
airy 1--seourity Storage
Company Declares Dividend
Of 2 Per Cent.

Trading at todya's session OF the
washington Stock Exchange was very
light, there apparently being few or
ders In the hands OF brokers for either
selling or buying. with the close ap.
proach OF the holiday season and the
resultant drain on funds, II is not
expected that there will be any
marked Improvement In trading until
after the LIST OF January.
Mergenthaier Linotype stock sold
today at I87h and 1877, a. compared
with 1os for the last previous sale.
Railway preferred sold In broken lots.
aggregsting twenty-five shares, nj
sih and 81. Five shares or Capitai
Traction brought s3h. although 81 y
was the best bid for the stock IN
quotation lots. The stock was MOI.
for ~. A 81 900 Potomac Consolidated
o brought IOtM, and a $500 Railway
4 brought s2h.
directors OF the Security Storage
Company announce an extra dividend
OF . Der cent December 10 TO share.
holders OF record December 20. aud
the regular quarterly dividend or 2r
per cent payable January 10 to hold
ers OF record December u.
rresIdent John l.. Edwards. OF the
wellington Stock Exchange, today
Announced the appointment OF Eugene
Thompson, OF crane. Paris & Co.
and J. T. Hendricks as the committee
10 wait upon Congress In an EFFORT To
get fairer treatment under the In
tangible property tax Of certain
stocks stocks and bonds listed ON the
local exchange. Under the law stocks
81 companies Incorporated under the
laws Of the District are exempt from
taxation, bu 1.-THE bonds OF such com
panIss arc taxed. which falls upon the
Individual holders OF such bonds. In
other cities such bonds are exempted
from the tax. and the committee VIII
seek to have tho bonds here eN.
cmpted. The committee also VIII en-
dssyor to have stocks of local com
panIes, which are Incorporated under
tho laws of various states, exempted.
A number Of companies. u " point
cd out, are purely local In character.
Int are incorporated under laws OF
various States. Under the existing
law thcu, stocks are subject to taxa
lion, The committee will endeavor to
have these stocks placed on the same
basis NJ the stocks or locally IN
sorporatcd companies.
Central Leather 'hInpahN hhF W
clared n quarterly dividend 81 si.a5 on
the common stock, placing the stock
on n 5 per cent yearly basis. The diNi'
d.nd, H. payable February Ia stock
at record January 10.
stud-baker IL expected To break all
records In the history OF the company
for the twelve months ending Dcccm'
her n. 4 balance 81 profits OF from
Si0. sOo. 600 TO siO.s0O,OOO II expected
This would insure dividend of
.around ~ per cent on the s3o,O00.OO0
common stock OF the company. after
d.ducting the. xsOO.O00 required for
the preferred dividend ON Si0,e65. 900
stock. This viii compare with III
per cent on the common IN 1918.
The Ford Motor Company turned
out 5B.53g cars In October, according
tn official figures just made public.
This almost equals the high mark of
S. 400 cars reached last March. The
scheduled output for the current fiscal
year II $4,000. This compares with
actual production during 1919 or
b2ap 2O