Evening star., 1922-12-13
UNION TRUST GIVES
IAN EXTRA DIVIDEND
viii Pay Out $4,000 Christ.
mas Present to Share
holders.
BN ]. \. F'I.t.Ml\l..

Directors of the Union Trust Com
TauX. at their meeting yesterday
voted to give their shareholders a
christmas present of $2o.0o". payable
christmas eve. This is an extra per
cent dividend and the second paid
.iurinC the year l?22, The regular ::
per cen: dividend is payable in Jam
u:ry.
These two payments virtual! put
tn" stock of the Union Trust Com
panv on an \ per cent basis. ana eA-
plain lucIdly the reason for III" re-
cent sharp advance in the stock ir"''
around lis to l4J. this. too. ON safes
of comparatively few shares
The Union Trust Company IL one "i
the most conservative "f the larger
banking institutions of the city. ana
has always been an important lactct
in the development of tn" city anu III
furthcriuC real estate and building
operation
to tie fore in bringing m"rtGaSe
money to Washington at 4 time wN"h
mortgage money was not readily on-
iainablc.
John II. Wilkins Company.
Directors of John II. Wilkins Com
pauv have declared their regular
>eui-anrual dividend ON their com
non stock and ! per cent "n th''
preferred shares. payable January -
transfer books remii,tin- closed dur
Ing the interval.
Another GraphOphOne story.
Dow. Jones Il co. of New York city
take the responsibility for the follow
ing:
.'Coiunfia Grarh"ph"u- M..u";ar-
,uring Company. which ""nt'"licd
Colur, hi.i ,irapi,nphoue Company. l.t"..
d British Company, has sold liz stock
interest t. the C"n~tru"tiN" fln'i!1'r
Company. Ltd. ot l-uI,,l"n. d i:trs"
financial concern. which c"nt"!Ilia'tS
broadening scope Of business.
"a satisfactory working :eSre"-
,aeat brtwecu the IN" Graph"ph":'e
companies has been ""ur.ulcl cover
ing territory and futur" Operations
This sale and c"ntrart> not only
transfers fund- to the parent corr
pauy. bat gives valuable fisHt> III
the future without necessity "f FUR
,her capital Investment sale Includes
both rca! estate holdings aad sales
rights
Recent reports laa'ie hy twenty
adjustment Of the affairs "f the
columbia Grapiloph"n. Company W"r''
accepted and company was au'E"r-
zed I" continue. tr=In'Zati"n haS
,:aIly adj in distribution "f its
products.
-%nvemh.r saI-~ al records We're
gratifying and showed an lncr"a>'
fs several hundred thousands over
November l+-l-
Cash position improves Is h"iiday
huyirS ruat.r.,tliZ"S. t"i'tJ'iSt'r"u;
l,!au provided that "'nl'''ny could
Il
# rrvolving fund. I; was not nrctS-
sary during the year /" h"rr"W |" the
limit.
\ director is r,sr"nsihl" for this:
Columbia G;ral,h"ph"u. 90. VIII h."
.,sl. 10 pail through without Il r.'-
organization. No. wou'h rot say
That The stock should h. Sold around
present prices.
Hallway Common firmer.
Halfway common was practically
h,. f.atur" of the local market. AL
-Hnr,gh the sales H"re limited I"
twenty-five shares all told. In th'
last few weeks there. has been very
littic Of this stock S"id. bi!t III" ten
den.'y seemed I" hav- been in thu di-
-,.,'tiou of concessions. To-day tn"
shares opened at 60. and closed ut
-. as compared with . few shares
around 81 i.at:. the last previous
S:.l.S.
The preferred s"ld AT ,Ji4 to -.
THE entire market WAS slow and
Will probably remain until after
the first of January. when there may
s,.. a sufficient r.iiv-S; ;m-nt Of divi-
dand and interest disbursements To
make :, more interesting market.
Gas shares brought 5+"..
capital Traction IS furnished the
only trading i'll bonds. these selling
AT 96"s to 9hle.
Calls for $:I~.aODOaO.
Secretary Mellon this morning call
ID ON national BANKS holding funds
. rising from the sale "f Treasury AZ
p.r cent bonds I" pay int" their re-
apeCtive regional banks on Thurs
lay of this week. SIN 500 900.
Ii IS likely that this draft. coming
IN connection with the large financial
the banks on "nc side and the Treas
Hry on the other an December ! >. will
cstu>. Il temporary display of strength
in the money market.
Cash in on Victory I :s-4s.
The Investment Bankers Associa-
ton is urging the CaShins of the vic
tory 4a,S that have been called for
payment December 10. Holders of
these notes are informed that they
cease to draw interest ON the date
mentioned. and that the employment of
the proceeds in other Investments will
he furthared by immediate preSenta-
lion for rcu"nptlon-
Members of the association are urg-
cd to- advertise in their home papers.
urging retirement by holders uf the
a, IS called
Ask AdiOurnment.
\ petition signed by 2hu nr,ui,erS
.f the New York Stock F.Nrhang. asks
for adjournment from Friday night
until TucSsiay morning. over the
christmas holiday.