Evening star., 1923-11-22
ARE STRONC5
IN LOCAL MARKET
Exchange Trading Small in:
VoIume-Linotype Gains
in Earnings-Notes.

A decidedly light volume of trade
brought out the strongest prices OF
the week on the Washington Stock
Exchange this morning.
Transactions were confined entirely
to public utilities, with bonds neg
lected. Capital Traction stock was
the leader of the session, scoring an
advance of half point to 9S1. on.
sales involving fifty shares and
Washington Railway and Electric
preferred firmed up at 71h. Wash
ington Gas Light stock established its
level at IS on sales Of but five shares.
Linotype Earnings Gain.
Total assets of s29.46S.235 for the
year ended September 80, 1923. or a
gam OF s2.333,000 over the previous
corresponding period, were reported
Dy the Mergenthaler Linotype Com
pany at the annual meeting of stock
holders in New York yesterday.
Inc petition of local stockholders
ASKING Tor an extra cash disburse-
ment OF 21a per cent was denied on
the grounds. 1t was said. that the
company does an extensive credit
business, which utilizes a large per
centase OF its capital in carrying Gus
toner's; Need for sufficient amount,
L u
ments, In addition to taxes and divi-
dends' was also cited as a reason the
extra could not properly be declared.
at this time.
All the directors Of the co.npanv
were Reelected for the ensuing year
Immediately after the stockholders
meeting the directors organized as
follows: President, Philip T Dodge
vice president, Ogden Mills: second
vice president and general manager.
J. j. Mercer: fourth vice president
conrad A. Hanson; secretary and
treasurer, William w Welsh: assist
ant secretary and treasurer, w. c a
Maguire, and auditor George A
Scharffenberger.
Gas Lights Report Better.
A small increase in earnings of the
reported for October last, when the.
net corporate income totaled $32,444,
In contrast with s2S.665 for the cor
fesponaing Sg month of last year.
amounted to s409.178, with expenses
aggregating $314.5S1 These figures
compare with s399,6o2 and s43l,350.
respectively, for October of 1922
Ihe GeoTgetown Gas Light Com
pany earned s7.33S during the month"
as against $2.749 in October of last
year.
Telephone Dividend Voted.
The American Telephone and Tele-
graph Company has declared its l37tf1
regular quarterly dividend of SEQ
per share. The disbursement will be
made on Tuesday, January Is, next, to
| stockholders of record at the close of
| business on Thursday, December 90. p,
Living Costs Advance. =
Latest figures on the cost of living
by the National Industrial Conference
Board reveal an increase in October
over the preceding month of less than
halt of l per cent. an increase OF ga L
| per cent over July, 1914, and a de-
crease of 1913 per cent from July.
1870, when the peak was reached.
Increases for food and clothing con-
tinued and the price of fuel advanced
| l per cent over August. Food prices
rose z per cent and clothing prices s
| per cent.
Wage changes for November reveal
greater number of increases since
last June. Wage reductions num-
bered five and increases 151. The
latter were found largely among the
railway. street railway and printing
industries. Corn huskers in western
states won their contention for,
wages of from sS to $40 a day in
Omaha negotiations. Readjustment i'll
the metal trades fixes wages for GER,
tain skilled labor at a new range of.
| S12o to $3.50 a week.