The Washington herald., 1922-04-20
MERCENTHALER CO.
EARNS s2S5,754.9O
T'- IN MARCH, 1922.
Six Months Average
10% Basis-Other FL
- nancial Notes.

The Mergenthaler Linotype Cor
poration was operated at net
earning income of s2S5,7549O dur
ing the month of March. according
to announceenmt made public yes
terday.
For the half-year period begin
ming October 1 last and ending
March 81 total earnings have
amounted to s1.2S40I6.39. which Is
at the rate of more than a 10 per
cent annual basis. Total earnings
for, the past fiscal year were ap-
proximately Is per cent
:. The corporation is capitalized at
sIi2 500. 900.
Allotment of Certificates.
Secretary Mellon yesterday an
nounced that the total amount Of
subscriptions received for the 81,
per cent Treasury certificates Of in
debtedness of Series Disc dated
April Is. 1922, due October Is. iae2
was 5000. 212. 900. and that the total
amount of subscriptions allotted
was s150.noo. 900. Subscriptions for
the certificates closed at the close
Of business on April Is. 1922 and
the amount offered was sl50.000,-
900 or thereabounts
All of the Federal Reserve dis
tricts oversubscribed their quota
The Fifth Federal Reserve District
a. Richmond subscribed s14.S71. 500
and was allotted s5.1e0.OOO
To Judge Papers.
George o. Watson. Maurice D.
Rosenberg and H. H. Mckee have
been appointed to Judge the essays
submitted by members of the local
ArNa arr1 Tnu -
Banking, authors of the best three
papers submitted to accompany the
convention to be held at Hot
Springs, June,1O to Is.
Every member in good standing
Is eligible for this contest. and can
choose any banking topic. Essays
are limited to 5000 words.
April Is Honored.
Samuel l.. April. the courageous
teller of the Merchants Bank and
Trust Company. who recently re-
covered several thousands of dol
lars in frustrating an attempt to
rob the institution. was yesterday
presented with handsome gold
watch and chain. The watch car
rfed the following inscription: Pre-
sented by the Merchants Bank and
Trust Company to Samuel l.. April
in recognition of courage displayed
In protecting the banks property on
April 3rd."
Peter A. Drury. president Of the
institution, made the presentation
after an appropriate speech. fol-
lowed by like response by Mr.
April.
Convention Committees.
program committee of the 1922 Dis
trict bankers convention. has
named the following assistants:
George o. Watson. r. y. Harper. II
O. Meem, g F. Jacobson. George L.
Starkey. Charles G. Lemborn. Cor
coran Thorn. NJ. n. Rosenberg and
II. F. Saul
w W. Spaid. chairman Of the en-
tertainment committee, has named
the following assistants: Ezra
Gould. E. f. HerrelI. ]. H Baden,
W. r. Baum. J. F. CisseI and Roy
L Newhouser.
F. G. Addison has by1 named
chairman Of the hotel and trans
portation committee, but has not se-
lected his assistants as yet.
TayIor's Death Mourned.
The entire local financial COM
munity was in mourning yesterday
following the announcement of the
death of Grant W. Taylor. vice pres
ident of the Liberty National Bank
Mr. Taylor had been associated
with the Liberty since its incep-
tion. The local bond market re-
corded further gains yesterday.
Local Securities.
Capital Traction 5s were strong
st 95@s. Railway general 6s sold at
9Ss4 a fraction off. while Potomac
rs were strong at 100. and the as
brought 1861.
Washington Gas IS were firm at
90.
Stocks showed a little more ac-
tirity, Capital Traction being firm
at 96A
Railway preferred opened with
sales of a share or two al 20. then
al -6994 and SOS.
Lanston Monotype shares brought
".