Evening star., 1921-06-23
FAIR TRADING IN
LOCAL SECURITIES
BY /. A. FLEMING.

BY /. A. FLEMING.
There was fair degree OF activity
in the local stock market, with prices
generally showing a fair degree OF
strength. MostNpf the transactions
recorded were in the public utility
stocks and bonds, few sales Of Mer-
genthaler at 119k to 119 being the
only exception to the rule.
Potomac Electric first 5s sold at 80
The last previous sale was at 81 and
81 has been steadily bid. Capital
Traction 5s sold at S71s. Potomac
Electric general 6s at s41s. and Wash.
ington Gas SIS at n. the bid price OF
the earlier days of the week.
Capital Traction shares, Sc: Railw' y
preferred, 60 to 59A, this being some
thing of drop from previous sales
and Washington Gas sold at 43.
Annual Election.
The annual meeting of the Merchants
Transfer and Storage Company was
ton of the former board with the ad-
dition of Alexander Britton. John New
bold was elected president, William F.
Ham, vice president: Fleming Newbold
secretary and treasurer, and c. b. Buck
manager and assistant treasurer.
Old Dutch Dividend.
The regular semi-annual dividend OF
! preferred shares of the Old Dutch Mar
ket, payable July l to shareholders OF
record June %. Announcement was
made by the board of satisfactory prog
ress in the erection of the new build,
ing recently undertaken at 623-25 b
street
American Security Dividend.
Directors of the American Security
and Trust Company, have declared
the regular quarterly dividend of j
per cent, payable July 10, to share
holders of record of June 80.
Personal Mention.
P. A. Drury of the Merchants Bank
is at Bluemont, W. Va.
w. W. Spaid leaves tomorrow for
Atlantic City for a much needed rest.
Bankers Association.
Bankers Association outlined plans
for action yesterday afternoon.
named committees and will have
some actual information ready for
the next meeting, subject to the call
of the president.
Joshua Evans, jr, was named to
head a committee to confer with the
Clearing House Association and a
special committee to be appointed by
the association on the question of
clearing house private bank ex-
aminer.
The school savings committee, from
which actual results are expected. is
headed by Howard Moran, with G. O.
Watson, John NJ. Riordan, c. A. Nc
Carthy, E. T. Wilson and H. l.. Offutt
as co-workerS on the committee.
George w. White heads the ways
and means committee and r. n. Har-
per the committee to act on the
recommendations of F. Coates. made
at the White Sulphur convention.
Wall Street Notes.
Interboro deficit for eleven months
operation totaled s3,997 .003. May earn
'ings showed great Improvement, more
efficiency and net corporate deficit
of but S1S9,152.
Bureau of markets of the Depart
ment of Agriculture reports that in
rhe matter of vegetables, it was
clearly shown that no section of the
country was suffering and that fruits
melons and vegetables were moving
in larger quantities than ever before
marketed without difficulty and al
fairly remunerative prices.
Chicago city representatives, profess
to be encouraged because, in the face
of existing conditions, bid of S92. "a
was made for their per cent munich
81 and at between 81 and 92.6 are
cited as an evidence of the turn of in
vestors toward tax-free municipals.
Car loading for week ended June II
showed an increase of S2:4Ss cars;
Chile is seeking a loan of 100000
New York bond market is not re-
spending to bond issues very actively
these days.
Rail employees numbered 1.so4.s22 in
January and 1,593,O6s in the middle
of March.
The regular Norfolk and Western
dividend has been declared.
Pullman employees voting on wage
cut. 6.172 attended the mass meet
ing; 2.246 voted to accept the cut;
1920 to refuse and 1,706 refused to
make expression of opinion.
Southern Pacific is 231s points off
from the December low; Great North
United States Steel common. 5A
points; Mexican Petroleum, 45A and
Texas Oil, II points.
Southern railway earnings, second
week in June decreased s464.693. For
the same week Western Maryland show
ed an increase of s32,393.
Stock exchange governors have
given an affirmative answer to the
petition of the brokers asking Tor an
extra holiday on Saturday of next
changes will follow suit
Otis Elevator, for the first four
months of the calendar year, reports
net earnings, after dss charges and federal
1t is generally admitted that the
refusal of railroads to make the usual
expenditures for upkeep and MAIN
tenance is one of the great factors in
prolonging dullness and depression.
Life in the steel and equipment busi-
ness is needed to start the wheels of
industry where they have practically
ceased to turn.
Dividend Notice.
At the regular meeting of the board
of directors of the American National
Bank of Washington, held today, the
regular quarterly dividend of 2 per
cent on the capital stock was de-
clared payable July I. 1921. books for
transfer to be closed from June 26
to 80, inclusive.