The Washington herald., 1921-03-02
COMPANY HEADS .
PASS DIVIDENDS
.AT REGULAR MEET
Columbia Graphophone
Cash and Stock Payments
Suspended.
w. R. E. BONDS LEAD
Evans Addresses Meeting
Bankers Return-Thompson
In N. Y.-Savage Honored.

At the regular meeting of direc-
tors of the Columbia Graphophone
Company held in. New York city
yesterday morning. it was voted TO
pass at this time both the stock
and cash dividend on common
shares. This action was in keep
Ing with general expectations as
the usual stock dividend has been
criticized by conservative stock
holders inasmuch as 1t resulted In
n doubling Of the common stock
every hye years
For years the company has regu-
larry declared a stock dividend OF
one-twentieth of a share Of COM
mon stock for each share Of COM
mon stock owned in addition to
regular cash dividend of 81 a year,
both being paid quarterly.
At the end OF the calendar year
1890 the inventory of the company
was exceedingly heavy although
good profits were shown.
Evans Addresses Meeting.
Joshua Evans, jr., vice president
--.of Riggs National Bank. with the
attendant capacity of manager OF
the new business and credit depart
ment OF the bank, vice president of
the District OF Columbia Bankers
Lfsociation and of the Washington
Association of Credit Men, delivered
che principal address at the Memo
Sial Continental Hall last evening,
.epeaking on the subject Of Bank
ing-Its Service to the Community"
N~ Local Securities.
y better trading tone to the local
atmosphere was evidenced on the
-elWashington Stock Exchange yes
terday morning. Washington Rail-
way & Electric per cent bonds
the real leaders of the ses-
>. sion, $4,000 of these securities
ownership in ten equal
sales, at 591s. After this came
a. Washington Gas IA per cent gold
-d-notes to the extent of $500, face
at 1904. to be followed by
stsa. like amount of Capital Traction
IS at 81.
1.-THE stock list was extremely
= quiet. forty shares of Washington
= Railway preferred stock changing
: hands at 81 in addition to ten
-, shares of Mergenthaler Linotype at
z asf and one share of Capital Trac-
5s ton at IS.
49, Cooper Returns from New York.
-. - Wade II. Cooper. president of the
pion Savings and United States
Savings Bank. returned to Wash
ington yesterday from a weekend
business trip to New York City.
$50 Thompson I'm New York.
---Bugene L. Thompson. president
:, cf.'the Washington Stock Exchange.
Z was in New York yesterday repre-
- senting the interests of local stock
D. holders at the meeting of the CO.
sslumbia Graphophone Company.
- "a Charles J. Bell Returns.
Charles J. Bell. president Of the
American Security & Trust Com
pany, of this city, has returned to
Washington after a sojourn in
F1orida-
Directors Honor Savage.
90, Francis NJ Savage. president of
Z .Esrthwest Savings Bank. was the
recipient OF a dinner on Monday
night rendered by his directors in
appreciation for his services in the
> construction of their new institu-
ton and for the successful develop
ment of the bank
In response to a toast, Mr. Savage
in concluding, said: ITO you gem
uemen for whom I have been a
Clearing house, from the bottom of
= my heart. I thank you. Your
friendship Is more to me than all
else"
1t has been announced that with
the next increase OF 500, 900 in de-
posits there will be another dinner