Evening star., 1918-11-19
MERCY stockholders
TO HOLD MEETING
BY I. A. FLEMING.


Mergenthaler directors meet to-day
to take action on the quarterly div1-
dend, and the shareholders of the cor
poration meet in annual session IN
New York city tomorrow.
Washington people own 1856
shares of Mergenthaler stock. or
late there has been a sharp recovery In
better than 146.
Much interest is taken in the annual
report which will be presented by the
president at tomorrow's meeting in re-
lation to justification Of the recent
Isadvance.
E. J. McQuade, vice president of the
Liberty Savings Bank and also presi-
Shareholders Association, will attend
the meeting tomorrow. No extra
dividend is, expected. nor is there any
indication that one Will be declared.
the usual quarterly distribution OF
2k per cent being looked for.
Canada's Victory Loan.
Canada's victory loan was one of
the greatest successes of the war
period. Elated with the victory won
and the war practically ended. Cana
dams in all parts of the Dominion
subscribed freely and then repeated.
But 100000, 900 were asked. and the
subscriptions totaled $676. 900. On
tario exceeded expectations for the
entire Dominion by $3O,OOOO0O: To-
ronto sent in subscriptions for $144,-
946, 900 and Montreal practically du-
plicated this with orders for $143,-
433 900.
state banks and trust companies
that have Joined the federal reserve
system now number S57, with total
capital of 1895 ,5s5, 900, surplus, $780,
Washington Chapter Meeting.
Thursday evening at the regular
Harry v. Haynes of the Riggs Ma
tional Bank, will lecture on drafts
and acceptances."
Ask Views on Early Closing.
The committee on early closing ap-
pointed by the president of the Dis
trict Bankers Association, will corre-
spond with each bank, and obtain
the views of officials or directors on
earlier closing five days in the week.
If an agreement can be reached. It
will be so reported to the December
meeting of the association.
Some bankers seem to feel that the
need for an earlier closing hour has,
to a measure, been eliminated, while
others contend that when the next
liberty loan is foated clerks will
again be overworked.
Railroad Earnings.
The Interstate Commerce Commits
sion reports that earnings of the va
rious railroad systems in the United
States for September were $25,0OO,OOO
less than those of August, but slight
ly better than the earnings of Septem-
Der of 1917. Total eperating income
pared with $97,637.927 for September,
1917.
Total operating revenue for Septem;-
ber was $448,135,960, or $3.50, 900
in excess of the same month last year,
while operating expenses, $3.50, ,604. $50,
were S126,288,OOO in excess of the fig
ures for operating in the same month
Of 1917.
On the Local Stock Market.
Trading on today's session of the
local exchange was moderately ac-
tive and prices on all securities sold
were decidedly firm.
Capital Traction was active to the
extent of Sc shares at s6k; Wash
ington Gas sold to the extent of 35
shares at IS, and Lanston was steady
at 66 to 66A, but not active.
Potomac first IS sold at 96, a slight
Improvement on previous sales. A
transaction in Graphophone IS was
recorded, a $500 bond at 81, an ad-
vance of points over last previous
transaction in small bonds.