Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-10-24
ACTIVITY RESUMED
ON LOCAL CHANGE
MergenthaIer and GRAPHIC.
phone Common Features
of Trading.

Trading on the washington STOCK
Exchange. after several days of dull
ness. became active today. with Mer-
genthaler and Columbia Graphophone
. common the market leaders. There
were also a few trades in the trac-
ton stocks and in Lanston.
The market opened it's session with
an exchange of 10 shares of Capital
Traction at 81. followed by lot OF
10 shares which changed hands at
9o%.
Two lots, one of shares and the
other of 4 shares, of Washington
Railway and Electric preferred sold at
So
Twenty shares of Lanston went at
s2h, and a second block of 20 changed
ownership at 50.
. In Mergenthaler two and one 10
share lot sold at 14oH. two 1o-share
lots sold at 141 and two lots of the
same size went across at 140A.
Thirty-six shares of Columbia
Graphophone common in three lots
and two fraction-share lots of the
same stock sold at 661s.
City and Suburban Bond Interest.
Announcement was made yesterday
at the office of the Washington Rail-
way and Electric Company that the
semi-annual interest on the $780, 900
of 5 per cent bonds of the City and
Suburban Railway Company. which
was defaulted August /: will be paid
November I by the Baltimore Trust
Company. trustee. under the mort
gage. The Washington Railway and
Electric owns the majority of stock
and its finances will be benefited to
the extent Of the interest received on
the bonds. 1t was said that the in
terest payment on the bonds was
pect for Increased revenues for the
city and Suburban under the higher
fare which will go into effect Novem-
Der 1.
w., B. & A. Common.
There was considerable activity in
Washington, Baltimore and Annapolis
common stock on the Baltimore ex-
change yesterday The offerings. at
20. were readily absorbed and the
stock clsed at 2O1s, after having sold
at 20L. The buying of the shares is
said to be from the best sources and
20 was bid throughout.
Bank Clerks and Unionism.
Very little has been heard in WASH
ington of any movement by local bank
clerks to form a union and affiliate
with the American Federation of Labor.
but 1t would appear that a movement
in that direction has been made in other
cities. Cognizance Of this was taken
by the American Institute of Banking
at its late convention. That body ex-
pressed itself as opposed to such
in, he nh Nf 10 ho MI kC
and adopted a resolution setting forth
this position. This institute is made
up wholly of bank clerks and other
bank employees. and it's membership in
cludes most of these in the country.
In the resolution the institute goes on
record as follows:
I'VE believe in the equitable coop
Grafton of emplyes and employers and
are opposed to all attempts to limit
individual initiative and curtail pro-
duction, and, in so far as our profess
sion is concerned. are unalterably OPP
posed to any plan purporting to pro-
mote the material welfare of our men,
berS, individually or collectively, on
any other basis than that of efficiency,
loyalty and unauthorized American
ism"
The National Savings and Trust
Company yesterday declared its reg
ular quarterly dividend of 21z per
cent on the capital stock of the bank.
The dividend Is payable November l
to stockholders of record October %.
Lecture on Money.
DR.. Frank O'Hara, professor of eco
nomics in the Catholic University, de-
livered a lecture on Money" before
the advanced class of the Washing
ton Chapter of the American Institute
of Banking last night. 1t was the
first meeting of the class for the sea-
son Of 1919-1920.
Chapin-Sacks Dividend.
Chaplin Sacks regular annual divi-
depd of 10 ner cent was declared to-