Evening star., 1923-11-08
LANSTON COMPANY
DIVIDEND IS VOTED
Earnings Ahead of Last Year.
Local Exchange Trading.
Other Financial News.

The board of directors Of the
Lanston Monotype Machine Company
nave declared quarterly dividend of
7s per cent on the capital stock of
the company. payable on November
5o to stockholders Of record at the
ciose OF business Novemberj20, 1929.
IL was announced this morning. The
BOARD meeting was held in Philadel-
phta late yesterday.
from official sources it wax learned
that the earnings of the coubanv are
rulnins slightly ahead of last year.
WIEN S4S7,375. or 1912 a share was
cd ehsnea on the $4,000 outstanding
snares OF capital stock.
Miss White Honored
FROM almost total obscurity two
Years year. ago to leading position in the
Si.y junior banking circles is the
proud accomplishment of Mis- Jois
Mnite' secretary to President Jobn
POOLE OF the Federal-Amer;ca, Ea
tional Bank. -Na
ms young woman, who is already
secretary or the debating society Of
tne local chapter. American Institute
OF Banging. was last night Nominated
for the presidency of the senior Con-
mercfal law class of the chsnter and
as her nomination is unchaIlenged
her election next Wednesday night is
assured. Miss Whites nominal for
the important post became known Al
the institution this morning, when
continued congratulations from out
sioe chapter members brought out a
modest confirmation.
Work in the local institute forms a
serious, though not compulsory.
routine in the Federal-Anericsn's
curriculum. Out of a total OF fiftv-
lIve elegibles. thirty-six are pursuing
active work In the chapter. This is
not considered unusual, however az
the oficial personnel of the bank
boasts three ex-presidents of tba
chapter. namely President Poole VIC
President Waller and Cashier Charles
D. Boyer. o-'Ai ieS
Convention Expenses $4,000.
The District Bankers Association is
ra,Sins nanaa $4,000 to defray sundry ex-
penses incident to the recent conven-
ton of the Investment Bankers. Asso-
citation, held in this city.
10 this end, all members of the
t';o nooy nave been assessed comm ensurate
with their total resources Thev have
oeen grouped into seven Classes the
maximum assessment being sS00- with
the minimum placed at $50.
nhe levy shows two banks in the
s3OO class, five in the $3.50, fos1r in tn
$500. three in the $3.50, sevon IN the
sI2o: four in the 800 and fifteen in
the $50 listing. eee" Al
New Bonds offered He-e
An issue of s25,o00.000 thfftv-vear
per cent external sinking fund
soid bonds of the Dutch East Indies
at so and interest to yield about & "a
per cent to maturity, or more than
o;So per cent TO the earliest redemp-
tion GATE, November /, 1888, was float
ed locally today. iA'"'
The The bonds are a part of an issue
authorized in June. 1922. An issue Of
f6,000.000 was sold in London re-
Gently, while 65,00O.000 guilders' worth
OF ponds were issued under the same
Nathorlsn NSathhorisation and placed in the
Proceeds of the American issue will
De used to reduce the unfunded debt
They will be a direct external obliga-
ton of the government of the Dutch
East indies, members Of the Offering
sShoiGate SIn I,a.; state and are not redeem
aole during the first ten years.
Local Stock Trading.
Lanston Monotype lost a full point
in today's trading on the local board.
despite declaration of the usual diyi-
dend yesterday and a favorable re-
port on the company's earnings. A
total of forty-six shares jchanged
only yesterday.
Washington Railway andl Electric
As were in good demand and scored a
slight rise to 6sH; $1,000 face value
5s were firm at 9711a. as we're wash
ington Gas 6s at par and half.
Capital Traction was off to eSZ,
Gas recovered to 40 and Railway pre-
ferred was unchanged at Tx.
Bankers to Hold Dinner.
The Northwest Savings Bank will
hold its annual directors dinner at
the Chevy Chase Club TOMORROW eve
ming. with the following addresses
| listed:
American Bankers Association Sill
houettes." by Dion s. BirneE; Nest
Building" by Jesse H. Hedges: "The
Mesmeric Banker" by Frank S
Gregg c. Birdsall; Lending Phena-
cites" by Charles w. Morris: THE
Phantom Hope" by Judge Gdorge II.
Macdonald. and Virus In Banking"
by Francis NJ. Savage.
West Back From Tour.
William D. West. first vice president
Of the Citizens Savings Bank. has re-
turned to Washington, after kpending
several months with Mrs. West tour
ing Italy, Switzerland and France,