Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-01-16
AMERICAN SECURITY CO.
EARNED $422,978 NET
Did Largest Annual Business In Its
History Last Year-Directors
Chosen-Storage Co. Meeting.
Local Stock Market Almost nominal,
Few Odd Lots of Banking Shares
Featuring Trading.


The annual meeting of the stockhold-
srs of the American Security and Trust
Company was held this afternoon.
Gross profits for the year 1916 were
given as s66o,254.09 and the net as
s422, $3.50, as compared with net of
{3S1,376.l0 in 1915.
The following directors We're elected:
. Eugene Z. Allies. Charles ]. Bell, Henry
F. Blount. John C. Boyd. George w.
Brown. Albert Carry William NJ.
Coates, Murray A. Cobb, William 5.
Corby, Edward c. Dean. William c.
Eustis, William ]. Father, jr.; Daniel
Fraser. James NJ. Green, Gilbert II.
Grosvenor. Joseph Letter. Louis S. Levy,
. Edward r. Mclean. Clarence F. Nor
ment NewboId Noyes. Myron NJ. Parker,
Albert NJ. Read, Howard s. Reside,
Charles a. Spalding, Corcoran Thorn,
John f. wilkins and Clarence r. Will
son.
of the above William ]. Father. jr..
and Newbold Moves were elected for
their first term today. Eugene Allies
was chosen to fill a vacancy at a re-
cent meeting of the directors and re-
elected today.
Security Storage Annual.
During the year 1916 the Security
Storage Company made net earnings of
$eo.2j2. as compared with SjS,592 for
the previous year The company has
1e6 shareholders and paid in dividends
during the year 100000.
Depreciation charges were s29142o
The presidents report congratulates
the shareholders over the fact that
despite Increased cost of evrything
usd by the company, larger salaries
and bonuses to employees, the company
has had prosperous year and shows
larger earnings than in 1915.
The stockholders at the annual meet
ing held today elected the following
board of directors: C A. Aspinwan
Charles J. Bell. William J. FIather,
Daniel Fraser, Clarence F. Norment and
Albert NJ. Reed.
The board later organized by the
erection of Albert NJ. Reed as president;
c A. Aspinwall. vice president: c. p.
Eavenburg. secretary, and Charles w
Plmper. treasurer.
Repay $500, 900 Tax Money.
National banks of Washington repaid
to the Treasury yesterday about $500.
600. being 10 per cent Of the tax money
advanced to the banks late last spring.
Local Securities.
Trading on today's session of the
Washington Stock Echange was again
confined 10 odd lots of stock, with an
almost utter absence of business in the
bond section
A $1,000 per cent bond of the CITY
and Suburban Railway Company sold
NJ lo2i2. other bonds being nominally
without important change
A few shares of Capital Traction
stock were traded in at S4A, the frac-
ton representing the price improve
ment
Small lots of bank stock were on the
sales record at lob for American Ma
tional and 2051a for National Metropoli-
tan Bank shares.
The record was completed with sales
of fourteen shares of Mergenthaler at
1871
Bid-and-ask quotations did not indi-
cate either advances or decline
Condition of the Treasury.
The condition of the United States
Treasury at the close of business yes
terday was;
Net balance in general fund. so5.-
res. 3s6
Total ordinary receipts. s205S. 59T
Total ordinary payments, S3S3JO2J
The deficit this fiscal year is $3.50
S05997. against deficit of S6O. 49,. S54
last year. exclusive of Panama canal
and public debt transactions