The Washington times., 1920-08-12
DIVIDENDS.

Kansas ........s3 Q Sept ID Aus 81
Standard oil OF
which a large share OF the work OF
providing the program for the Visit
ing bankers and those who accom-
pany them, reported through George
Vass, assistant cashier OF the RIGGS
National Bank and vice chairman OF
the committee, he stating that prog
ress is being made. IL was also
brought out that Harry V. Haynes
president OF the Farmers and Me-
chsnics' National Bank, who Is chalr-
man OF the committee. ana VINO IN
now in Atlantic City on his annual
vacation has called a meeting OF the
committee for August "a at 4;3o
o'clock at, the New willard.
John Il. Cochran. president or the
Franklin National Bank, and chair
man of the ladies' committee. stated
that his organization is planning va
rious occasions for the entertainment
of the ladies who may accompany the
delegates to the convention.
BADGE APPROPRIATION ASKED.
Near the close OF the session an
appropriation OF s2,S00 was suggested
by Col Louis G. Wilson OF the badge
committee. for badges for the visitors,
ana tHt matter was blN'h 'oh
sideration, IL finally being decided 10
delay the appropriation until a budget
can be prepared.
Special interest was shown at the
Stock Exchange today in Washington
Railway and Electric preferred, when
eighty-two shares were sold after
call. at AZ. The first sale was OF
ha which fnllnwed NV
one of ten. The other sales amounted
to s5. 10, 20 and 25 shares. $500 OF
Capital Traction SIS sold at SIS on
one sale and $500 more at the same
figure in another sale.
Prior to call 20 shares of Washing
ton Gas sold at 43 y and a fraction OF
share, 2i20. of Columbia Graphic
phone common sold at -.
STANDARD OIL RISE.
The sensational rise in the stock of
Standard Oil Company OF New York
in advancing 500 per share on the
curb market yesterday is proving OF
much interest to many Washington
bankers. This company Is one of the
most powerful of the former Standard
Oil subsidiaries, and the advance
brought forth all sorts Of rumors re-
garding Liberty bond disbursements.
stock dividends and general recapi-
taliZation.
The company has a surplus OF al
most twice the size of its total capi-
talization. owns $33,000,000 of Liberty
bonds. which, it is reported, are to be
distributed at long-awaited melon
cutting"
In quarters well up on the market
moves, it has been stated that 1t
unliLalv II the hna r6
of the company recommended to :he
stock holders in the near future the
increasing OF the capital stock from
$50, 100000 to S150,000.00o, thus paw
ing the way for stock distribution.
ADDRESS BY MIR. PURDUE.
Eighty million potential customers
for the goods and products OF trc
United States occupy the territory
between the boundary of Texas and
the Straits of Magellan, territory
three times as great as the area of
the United States. said Francis Il.
Purdie, manager of r. q. Dun IL
Company, in an address delivered
last night before the Summer School
of Pan-American and Foreign Coin-
merce.
THE weight of expert testimony"
continued Mr.. Purdie, who for twenty
thority of matters pertaining to Latin
America, lis on the side of proving
that the future greatness and pros
perity OF the United States depends
upon the maintenance and steady
growth of the country's foreign trade.
The prosperity of our industrial es-
Establishments, the prosperity of our
laboring classes-and when you have
mentioned this class you have men,
toned the United States-depends
upon the steady and profitable sales of
our surplus products. BY trade, /
mean the establishing of permanent
connections, the building up of a
steady volume of sales, the creation
Of a demand for our wares in the face
of full and free competition. and the
maintenance of production to supply
that trade under any and all circum-
stances.
COAL SHORTAGE QUESTION.
The efforts of bituminous coal oper-
ators now under way to overcome
the coal shortage emergency will have
the effect of bringing down prices in
the open market, according to a state
ment made today by Harry N. Taylor,
"A leading bituminous coal operator of
Kansas City and former president
VI tilt ANdlloUdl NOdi ASSOCldllOn
Taylor points to a marked increase in
the production of soft coal under the
program for increased car supply at
the mines, which was put into effect
as an outcome of the recent confer
cnces between the operators and rail
read executives. with further in
creases in production to normal, he
says. prices will regulate them
selves"
Mr.. Taylor deplores the activity Of
spectators in soft coal who, he says.
have brought "discredit on the in
dustry."
NATIONAL GAMERS ASSOCIATION
Walter J. Sears. president of the
National Gamers Association, re-
ports gratifying progress and CO.
operation among Gamers, brokers'
supply men and retailers in the work
of inspection and identification of
canned foods by the national associ-
alton