Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-04
1876 WAS BANNER YEAR
FOR LANSTON COMPANY
W9notype Concern Did Largest Bust
) ness in Its History, Annual
l.. Report Shows.

srhe annual report OF the Lanston
Nonotype Company, submitted by
President j. Maury Dove at the an
nuaI meeting of the corporation yester-
day in Alexandria, Va, shows that dur
ing the year ended February % last the
company did the largest business in its
history. The earnings of the year were
s75s.74o.s2. which equals a profit of
12.6 per cent on the company's issued
Fad outstanding capital While part
al the increased business was due 70
outside work, the major portion was
que to the increase in the sale OF Ian
E:on monotype machines.
All of the former directors OF the
company were reelected yesterday
With the exception of William j. Fla
ner. Arthur Whitney Of New York
vas elected to fill the vacancy.
The report shows that large pur-
,.haSes of material We're made during
The year in order to be certain of sup
lilies for manufacturing purposes, ana
hat the company now has year sup
5ly of certain materials on hand. The
reasurer's report shows an increase in
bills receivable of sasoIl9 90. in &C
counts receivable of Sa4,5I33S, in in
sentorY of $122.35S.56, and In increase
"a plant S90.0S4.70.
Patents and improvements of great
; alue were developed during the year.
II was stated The company had no
labor troubles. but lost the services OF
p number of its trained workmen, who
Itave Nolunteered their services to the
government. An eight-hour working
lay was inaugurated in the company's
shops during the year.
Controller Issues Call.
The controller of the currency today
issued a call for the condition OF all
national banks at the close of business
Tuesday. May 1. 1t is expected that the
reports of the Washington banks will
show record breaking deposits, for ali
of them have made big gains since the
last call. For some time past money
has been pouring into tie banks and
the call comes at a time when their cof
fers are filed. The fact that taxes are due
during the month of May and that
property owners have been banking
their money in readiness to meet them
Is responsible to some degree for the
increase in deposits.
Subscribe to Liberty Loan.
An example of patriotism is shown in
the action of the officers and employees
of the Riggs National Bank. every one
of whom has subscribed to the $1,000
100000 liberty loan of 1917 in his or
her name. They include q tota, of
stxty-seven persons.
John Poole Confers With McAdoo.
John Poole. president Of the Federal
National Bank. was in conference yes
terday with Secretary McAdoo regard
ing the bond issue announced by the
Treasury Department
The Federal National Bank is the
originator of an instalimsnt plan for
taking UP bonds. On the basis of a
purchase Of 500 worth of bonds, which
will probably be issued in smaller
amounts. the Federal National Bank
proposes to accept an initial payment
OF Is and installments Of IS a month.
Lanston Stock Strong.
Trading on the local exchange today
was confined mostly to stocks, Poto-
mac Consolidated IS and American
Graphophone IS being the only bonds
sold. The former brought sSh for
$4,000 and the latter 1907 for 500.
Trading in Lanston Monetyps stock
reflected the excellent showing made in
the company's annual report issued
yesterday. Opening at II. the stock
sold up to 72h and closed with 721s
bid for more. The asking price was
TAN. The last previous sale of record
was at 10.
Capital Traction stock sold 50 shares
at S0as01a, and then the bid was 70 and
the asking price so. Twenty-three
shares of Washington Loan and Trust
stock brought 2.39a2.4e, and 25 shares
of Washington Railway and Electric
preferred sold at 7S1a.