Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-03-08
LANSTON DIRECTORS
MAKE NO DECLARATION
BY I. A. FLEMING.

Directors of the Lanston Monotype
Company did not take any action on
rayment of dividend at their meet
ing held in New York city yesterday
afternoon.
They recessed" for three weeks at
the conclusion of their deliberations.
which probably means that they will
act on a disbursement at that time
Had an adjournment been taken no
action on a dividend could have been
considered until the regular meeting
in April while the recess brings the
possibility week nearer.
A group of prominent members OF
the stock exchange who recently maze
q tour of the Lanston factory ana VINO
future of the stock expressed the opin-
ion today that the action taken yester-
day meant the resumption of divi.
bends at the next meeting and on s
John L. Edwards. secretary of the
stock exchange and one of those who
visited the factory. made this state
The Lanston Company is busy night
and day. Very large supplies for the
been purchased and paid for. using
large amount of money. 1t is my per-
sonal belief that. should the Lanston
as it did in 1915 and as it is doing
right now. the stock should easily
reach and perhaps cross par.
Others who were at Philadelphia
agreed with him on the matter of buSi-
ness outlook.
No Transactions.
When the stock was called on change
today there were no sales recorded,
but the bid price. 69a4, and the asking
figures. 20. showed that the postpone
ment of the dividend declaration had
not had any i'll effect on the Lanston
shares.
Other Securities.
There was very little business trans
acted. but prices were relatively steady
in the general list. Railway preferred
was about the only utility sold, thirty
shares changing hands at sos.
American National Bank shares
changed hands at 1e21z to 150A.
Bonds were steady, 1861 for Capital
Traction IS and s0s for Railway As.
American Sugar Report.
The pamphlet report of the American
Sugar Company was made public at
noon today. The profits from operations
for the year 1915 were 1881, 465.3s; In
terest on loans and deposits, $3.50. sos.
and income from investments, s2.312,-
GAG. making a total of $6.184,720.
After deductions of s790.304 for de-
probation. 100000 for pensions and
S2S1,906 for contingencies, and paying
S6,299.912 in dividends ii was necessary
to take s701.992 from the surplus to
meet the expenses.
Capital Traction Director Elected.
John H. Hanna. general manager Of
the Capital Traction Company. has been
elected a director Of the Capital Trac-
tion Company. filling the vacancy Gre
ated by the death of Henry Hurt.
Pending Amendments.
Amendments upon which the stock
exchange will be called to take action
within a few days were made public
on the call this afternoon.
One Of the most important is the
holding Of the session an hour earlier.
which 1t is generally considered would
be much more satisfactory.
1t is also proposed to drop the tax
of $50 now incident to the transfer of
a membership and to charge a gradu
ated scale of initiation. based on the
age of the applicant. after the manner
change.
Condition Of the Treasury.
The condition Of the United States
Treasury yesterday was: Il
Net balance in general fund $121,146,-
40.
Total receipts. :2.ss6.5Oa
Total payments, $2.499,159.
The deficit this fiscal year Is $780,
104,s5I. against a deficit of $16.674o68
last year. exclusive of Panama canal
and public debt transactions.