The Washington times., 1917-01-16

No Improvement over the stagna-
tion OF yesterday developed at today's
session of the Washington Stock Elk
change. Trading continued alm61t at
q standstill, with demand FOR stocks
confined to odd lots and practically
no demand for bonds. There was no
evidence Of any desire on the part Of
holders opart with their securities
at slight reductions from recent nor
NAL levels, the Offering prices on both
stocks and bonds remaining firm.
Odd lots of Capital Traction stock,
aggregating thirteen shares, sold at
san This II a quarter of a point in
advance OF the last previous sale.
Quotation lots OF the stock were held
at the same figures. Fourteen shares
of Mergenthaler Linotype stock sold
for 167. Six shares of American Ma
tional Ban kstock changed hands at
1853 and 1ve shares of Metropolitan
National sold at 205ih.
A $1,000 City and Suburban Railway
Company 5 per cent bond. which sold
after call at 1021k; was the only other
sale recorded.
Four new directors were elected by
stockholders OF the American Security
ana Trust Compan ytoday to I'LL exist
inS vacancies. They are Eugene E. Allies,
William ]. Flather. jr.. Louis Levy and
Newbold Noyes. Three Of these vacan-
cies were caused by the Clayton inter-
locking directorates Law, which forced
the retirement from the board Of Milton
e. Allies, w. ]. F1ather and Frank B.
Noyes The fourth vacancy was caused
by the death Of the late John r. Nc
Lean. Old directors were reelected
as follows: Charles J. Bell. Henry +.
Blount. John c. Boyd. George W. Brown,
Albert Garry, William NJ Coates. Muir
ray A Cobb. William s. Corby, Edward
C. Dean, William c. Bustis, Daniel
Fraser, James M. Green, Gilbert II.
Grosvenor, Joseph Letter. Edward B.
Mclean, Clarence +. Norment, Myron
II. Parker. Albert n. Read. Howard s.
Reeside, Charles A. Spalding. Corcoran
Thorn. John r. wilkins and Clarence
E. Wilson,
At a meeting Of the board of direc-
tors Immediately following the stock
holders meeting, the entire list OF
old officers OF the bank were re-elect-
ed as follows: Charles ]. Bell, presi-
dent; Henry r. Blount, Corcoran
Thorn, and Howard s. Reside, vice
Presidents; James +. Hood, secretary:
Charles e. Howe, assistant secretary
and treasurer; Albert B. Leet, trust
officer; John G. Holden, auditor; Da-
yid N. Houston, assistant trust Of
fcer; william W. Keck, assistant
treasurer, and Alfred c. Father, as
sistant trust officer.
Ofncers OF the National Savings and
Trust Company. were elected late yes
terday a. follows: William d. Hoover.
president; Woodbury. Blair. first vice
president; Frank w. Stone, second
vice president: George Howard.
treasurer; Charles p. Lamborne. as
sistant treasurer; Charles u. Nyman.
secretary, and Frank Stetson. trust
officer. Directors were elected as fol-
lows: Woodbury. Blair. James A Bu-
chanan, William A. II. Church. Walter
G. Clephane. william V. Cox. William
z. Edmonston, William d. Hoover,
George Howard. Reginald s. Huide-
koper. Thomas r. Jones, Victor Rauff-
mann, Edward B. Mclean, Smauel Mad
dox, william =. Quicksall, Frank W.
Stone, william H. Walker, and Henry
K. Willis.
Fifty dividend paying American
copper companies produced last year
1,s51.s21, 600 pounds Of copper, and
earned operating profits OF S3l4,s72.- =
900, according to figures published In
the Financial World. These companies
paid dividends Of S14s,451.23s, or less
than half the profits earned. This
indicates. that. liberal though some OF
the dividends have been. some hand
some surpluses have been set aside,
and still are being piled up. which
will stabilize dividends over q consid-
cradle period OF time.
New York. New Haven, and Hart
ford. which recently placed an order
with the American Locomotive Com
pany for forty 1s4-ton engines. has
Increased the order to fifty. Ameri-
can Locomotive also has closed orders
for two consolidation engines for the
Chicago. Terre Haut and Southeast
ern, one six wheeler for the Western
Steel Car and Foundry Company. and
one tank engine for the Robla rail-
way. These orders bring the total
number OF locomotives placed with
the American Locomotive Company
during the past week to 1o3, nearly