Evening star., 1923-09-17
SECURITY SAVINGS.
DECLARES "EXTRA'
Stock on l6 Per Cent Basis.
New Treasury Issue Allotted.
Local Exchange Strong.

Directors OF tho Security Savings
and Commercial Bank have declared
an extra dividend OF 1 per cent IN ad.
dition to the quarterly disbursement
OF per cent, both payable on Sep
tsmber 80 TO stockholders Of record
September 25, 1893.
The above declaration practically
maintains an annual dividend rate OF
16 per cent inasmuch as the extra
disbursement OF ! per cent has been
declared during every quarter OF the
past couple OF years. -.
The institution is capitalized at
5000 600 with surplus OF 100000 and
undivided profitS OF $4,000. It Is Of
ncer by Julius ]. Peyser. president;
Fred Mckee. vice PRESIDENT; Francis
r. Baulsir. cashier: Latrobe owen and
j. Louis shlpley, assistant cashiers.
Ontcers of the bank state a COM
nendaole increase in deposits over
,, ehe last period, ended June 80 last,
VIII pc SHOWN Tor the pending call.
Mergenthaler Earnings Up.
Earnings OF the Mergenthaier Limo
type Company for the first eleven
months OF It's fiscal year. which ends
with September. are paraIleling those
or last year. when about 19 per cert
on its capitalization was earned. it
| became authoritatively known this
/ morning. Statistics supporting this
statement are unavailable at this
time.
The stock OF the company is on a
10 per cent annual basis, with dlvi-
dends payable quarterly. 1t is cap
italized at $12,S00.09e, consisting of
| 500 par value stock. 1t has been a
| favorite Issue on the Ioca' hoard
throughout the year, establishing o
high at 17Sh, a low OF 147 and CLOS
ing at 1851.
Bankers Giving Lectures.
Lectures on business and financial
topics before officers OF the Supply
Corps, United States Navy. by local
| as follows:
This afternoon. Edward J. Mcouade.
on Functions of q Bank; September
Is. Edward :. Mcouade, on Banking
Practices; September 81. Robert V.
Fleming, on ''Transits,' and Septem-
Der "a, Charles 3. Shreve. on "Rel
| Estate Loans" These lectures VIII
be held at the Navy Department at
$3.50 pm.
Treasury Issue Allotted.
Local and other banks OF the fifsh
federal reserve district will receive
approximately 81 per cent Of their sub
scriptions to the recent issue OF Treas
ment made public this morning by
Secretary of the Treasury Mellon.
Total subscriptions TO this issue
smounted to sS6s,67s.6oo. Of which the
Richmond's subscriptions amounted to
si+ss5,o0o, of which s9.o5S.ooo will be
allotted
The issue was set at $500. 900 900 or
thereaooutS, with the provision that all
certificates maturing September Is Of
fered in exchange would be accepted.
OF the total subscriptions, 81, SIG, 500
! were exchanges.
Personal Mention.
Fernand Petit, cashier OF the Citi-
zens' Savings Bank, has returned from
two-week vacation. and the assistant
cashier of that institution, r. NJ. Wolf,
to Canada. -
Joshua Evans. jr.. vice president of
Riggs, was at his desk this morning
AFTER several weeks vacation. ~ =
Local Stocks Strong.
Trading. restricked 10 favorite is
sues sue va.h;n at hstrong prices, prevailed on
day. Washington Gas IS of 1888
| sold to the extent of $4,000 at 1908!
and Potomac Electric first fives
brought s61s.. Pepco consolidated 5s
Washington Gas was the only
| stock trader in, selling upward to
4shs.
| Regular Dividends Voted.
| Directors OF the Capital Traction
Company have declared their regular
quarterly dividend OF 1si per cent.
paysb BILE on October !. 1923. The books
of the company closed September Is.
Directors of the Washington Balti-
| moro and Annapolis Railway Com
pany have declared a quarterly divi-
dend of ] = per cent on the prefer
October 1 to stockholders of record
September %