Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-09-22
MERGENTHALER'S
REPORT FOR AUGUST
Orders on Books Total 1,48O
Machines-Treasury
Calls Cash.
BY /. A. FLEMING.

During the month of August the
Mergenthaler Linotype Company de
livered 304 machines and had order:
for 1,4s0 machines on its books al
the close Of the month. OF the ma.
chimes sold 292 were new. five re.
built and twelve used machines.
The results of the operation of the
company for August, 1920, showed a
net increase over the earnings OF
the same month of 1919 of s307.190.3s
Comparing the business of the cor
poration for the period between Oc-
tober l, 1919. and August 81. 1920
with the same period of 1918 and
1919. the former produced net gain
of S2.370.711.09.
Gross business for the month OF
August, 1920. was s1.4So.12s.26.
Treasury Calls Cash.
called upon banks holding funds .tc
the credit of the War Finance Corpo.
ration to pay into the Treasury 81
per cent of the balance of the pro.
ceedS of the August / 6 issue of certifi-
Gates. This will about exhaust the
proceeds of that sale remaining with
the banks.
Bankers expect that the first call or
the proceeds of the most recent
Treasury certificate sale will be made
within a relatively short time, nc
drafts having been issued against this
sale. as yet.
Local Securities.
Business on todays session of the
local stock exchange was rather re.
stricted, there being no special de-
mand for anything. Capital Traction
shares showed on the sales sheet at
S512. u point below recent quotations.
Railway shares were entirely nom-
inal. 1t is understood that the direc-
tors of the Washington Railway and
Electric Company are inclined to wait
until their December meeting. VIII
they expect to make declaration of a
six-month dividend. Some Of the d.
rectors hold other views and may
urge the declaration. but in any event
the shareholders will not have to wait
long for their cash. The company is
reported as making more money than
ever and hoping for the approval OF
the Supreme Court in it's physical val
uation contention. which would, If
gained. give the corporation over ST.
100000 cash.
Lanston on sales of but shares
moved up y point to 72k A few
shares of Mergenthaler brought 1921
Railway As sold at SO.
steel Conditions.
The New York Journal of Commerce
says:
Local steel interests reported ex-
ira heavy cancellations of orders yes
terday. The automobile trade is TAX
ing the lead in cancelling contracts
and cancellations have been largely of
axles. They have reached 10000 toms,
1t is said. Other cancellations are con-
templated. Yesterdays news was
taken as a clear reflection of what
has taken place in the automobile
trade"
Liberty Bonds Higher.
A steady inquiry for liberty bonds,
a great many of them for bonds of the
smaller denominations. has brought
about an appreciable increase in their
market price during the past week.
The steady tone of the government
bond market was characterized yes
terday by one of the big dealers in
the bond group as the result of the
best sort of investment buying which
has been noticeable in the past few
days. A feature of that market has
been the demand for the fourth Az
per cent. which advanced yesterday
to Sc. at which they yield SIS. The
following table shows the closing
prices of liberty bonds last night and
one week ago: