Evening star., 1919-04-25
WILL. PAY LANSTON
SCRIPT APRIL 50
Interest Payable to Date of
Payment-Greene-C Cana
nea Passes Dividend.
SMALL NOTES AVAILABLE
BY I. A. FLEMING.

Lanston Monotype Corporation that
1t will pay of it's issue of $4,000
s per cent scrip, given to sharehold-
dend then due, on and after April 80,
with interest only to date Of payment
and not In full to maturity. May 80
as previously stated.
Announcement is made that interest
will cease with May 80.
Payment of the scrip will be made
at the main Office Of the corpora ton,
at Philadelphia. An effort was made
to make payment of the scrip through
a local bank. but the rush of work in
cident to the victory liberty loan
made IL impossible.
Greene-Cananea Passes Dividend.
Copper Company have passed the
quarterly dividend on the stock due at
this time. Three months ago they re-
duced the distribution from 81 share
the regular rate from April. 1915, TO
$3.50 a share.
ly meeting. that the passing OF the
dividend was essential in the interest
of conserving the cash.
The company has turned out cbout
5000, 900 pounds OF copper a month,
as compared with 100000 pounds be-
1OTo the CuTLdillncNt program u iHcct
the lessened demand for the metal,
was made effective.
It is estimated that the cost OF pro-
duction plus taxes Is about 15 cents
a pound, offering small margin OF
profit with copper selling slightly
above Is cents pound
Greene-Cananea shares were one
time held very largely in Washing
ton, and there are considerable hold
fngs OF the stock here now.
Daily Allotment Of Notes.
Each day the Treasury Department
allots $4,000 victory liberty loan
notes to each bank IN Washington
to each, large or small, $4,000, no
more, no less.
1t is probably the best that can be
accomplished. with the rush to sup
ply all the banks of the nation, but
some OF the larger institutions that
are able to dispose of their allot-
ments for cash and could sell very
many more bonds. believe they should
be given a larger percentage Of the
amount. as there are some of the
smaller banks that do not require
their full supply.
As yet victory liberty loan notes are
issued only in denominations of $50
and 500, and this is probably one of
the reasons why the daily total is not
are working night and day to COM
plete the work of getting out the
bonds. both of large and small de-
nominations. and banks are taking or
ders on the partial payment plan,
which does not require the delivery of
notes for many months. this being the
larger part of the business reported.
Personal Mention.
Francis NJ. Savage. president Of the
Northwest Savings Bank. has returned
from an Easter vacation. spent at At
lantic City.
Washington Chapter Nominations.
The nominating committee Of wash
ington Chapter. American Institute of
Banking: last evening placed in nomi-
nation for officers OF the chapter for
the ensuing year the following ticket:
For president. Victor b. Deyber, Sec
ond National Bank: for vice president.
w. NJ. Seays Federal National Bank;
for treasurer, J. T. Cheseldine, Home
Savings Branch Of the American Sc
curity and Trust Compapy: for secre-
tary. Mormon e. Towson. Washington
Loan and Trust Company; for assistant
secretary. j. 3. skinner. Liberty Saw
ings Bank: for chief counsel. W. NJ
Rankin, jr., Of the Riggs National
Bank
Five governors will be elected from
the followfnE nominations: e. J. Nc
Quade, Ross q. Pollock. F. r. Steffens.
]. J. Roberts. W. s. Cavender. ]. Frank
Rice and W. W. Maloney. The nomi-
mating committee was composed of
F. 6. Addison, tr.; c. NJ. Noble and
Norman. E Towson
On the Local Market.