The Washington herald., 1921-04-13
MECHANICS BANK
Rl,ENAMESOFFICERS
And DIRECTORATE
d. C. Savings Institution
Stockholders Hear An
nual Report.
OTHER LOCAL ITEMS
Typewriter Industry Flourish
ing; Better Tone to Wash
ington Securities.

At the annual meeting Oh INC
Washington Mechanics Savings
Bank. held yesterday morning. no
change was made in the executive
sta1. nor in the directorate. Ezra
Gould continues as president. II. II.
Bagby, as cashier. and James r.
Casparian as assistant cashier.
The directorate comprises the fol-
lowing twelve names: f. F. Pick
ford, John T. F. White. Z. S. Wolfe,
Mahlon Groo. E II. Talbert, F. 7.
Williams. Ezra Gould. r. H. Bagby,
Jesse B. X. Lee. Joseph Goldenberg.
George Hayes and ]. c. Pyles.
After hearing the reading of the
annual report congratulations were
rendered the officials on the credit
able showing made by the institu-
tion during the past year.
Typewriter Industry.
II the typewriter industry is an
index Of business conditions through
out the country, the report of the
Underwood Typewriter Company is
very encouraging in this regard. To
keep pace with constantly increas-
ing sales. they have not only had
to enlarge their factory at Hart
ford, Conn. from time to time, out
have just completed a new factory
at Bridgeport to be known as plant
NO..
According to this company's state
ment, its sales for the first three
months of this year exceeded those
of any corresponding period, even
under war conditions. II is worthy
of note that while the material and
labor market has ceen at the peak
ofhigh prices, this company has not
seen At to raise the selling price Of
it's product above prewar levels.
Local Securities
A materially improved trading
tone evidenced itself on the Wash
inEton Stock Exchange yesterday
morning. particularly in the stock
list. Only one bond security at
tracted purchasable attention. this
being $4,000. face value. of the Wash
ington Gas 7lz per cent notes, sell-
ing slightly OFF from previous quota
tions. the price recorded being 1002s.
Lanston Monotype proved the
most active issue listed. sales total
ings1 shares being recorded at the
close of the session. Considerable
strength was also displayed in this
issue. opening at ~. thence climb
ing to rs, at which price the security
closed. Mergenthaler. the other
typesetter stock on the local board
did not fare quite SO well, opening
at,119%. then dropping to q and y
recovering to ss on the last sale OF
ten shares made after call. Sixty
shares of this stock were sold.
Washington Gas Light stock re-
mained firm. opening at 43l= and
closing at 43%i. Sales aggregating
thirty shares were made. A small
block of Federal National Bank
stock also found its way into the
sales column at 175.
Cities Service shares.
The twenty-sixth monthly dis
trib1tion of Cities Service Company
Bankers Shares will be made May
to Bankers shares of record April
Is and will be at the rate Of 35 cents
on each bankers share. This is the
same rate of distribution as was
made on April l. Checks for the
May lst distribution on bankers
shares will be mailed to more than
1880 holders of these shares. ac-
cording to officials of the company
.- Correction.
Thomson and McKinnon, Local
bankers, call attention to an error
appearing in yesterdays press rela-
tive to the new Cuban cable. This
frm Is the first brokerage concern
to work a cable into an insular con-
nection" the statement should have
read.
A. I. b. Meeting.
Edward ]. McQUade. cashier of tht
Liberty National Bank, and an of.
fetal of the local chapter. conducted
the review at the weekly meeting
of the elementary class of Wash.
ington Chapter last night.
Tho graduation exercises of the
chspter will be held on May 3, ac-
cording to announcement made by
President Charles d. Boyer yester.
day morning.