Evening star., 1923-04-29
Richmond Bankers Operate
ax Their O,vn Credit Bureau
Splendid Example of What Washington
Fiscal Institutions Should Haze.
Dissection of Germany.

,wardman Park 6s will call for $4,000.
The Washington Gas Company Will
pay a dividend on It's stock capital
ization OF s2.6Oo.0o0 Of $l@1.O0o, while
have some $4,000 to distribute.
The big distribution OF the Wash
ington Railway Company VIII not De
made until June !. SO that 1t cannot
be included.
Interest Payments.
United States bonds. $4,000.
Gas 5s, s10l.462.
Liberty 4hs, 100000.
Telephone and Telegraph 5s,
$4,000.
Wardman Park ss: $4,000;
Security Storage 6S, S10,6OO.
Total, $260.962.
Dividends.
Washington Gas. $4,000.
National Savings and Trust Com
pany, $4,000.
Washington Loan and Trust, $2o,0OO.
lMergenthaler. $4,000.
Security Storage Company, $4,000.
Total. s504.000.
Grand total. s164,962.
Lanston MOnstype Company.
Investigation indicates that about
10000 shares or 90 per cent OF the
capital stock of the Lanston Mono
type Company, are owned in wash
inston, which goes far to sustain the
! claim that the local holders are en-
titled to representation on the direc-
I tory.
| of the management to ignore the de-
mand. for the reason that there are no
vacancies on the board and the present
| directory consists of men long con-
nected with the corporation.
/ However, Washington's claims
| should not be ignored. The easiest
| solution would be to increase the
| directory. If it requires the share,
| holders consent they will be represented
| at the annual meeting this week.
| No other action would give so much
| satisfaction to the financial interests
| of Washington.
! Victor Talking Machine Company.
Victor Talking Machine had on hand
! December 81. last. cash $8.635,3 II
marketable securities, s6,2S1.soO; has
| $l.56S.JS3 for the Gramophone Company
! of London and owes, on call Oh the
| same account. $637 500.
| But it has increased its common stock
from s4.999, 900 to $34.500.000.
! All of which recalls Columbia
Graphophone Company, now rapidly
sinking in value with small chances of
| recuperating. save as means TO fur
| ther liquidation.
Bache's Views.
In their regular weekly letter. ]. S.
Bache & Co. have this to say:
| a
! the country and is having a pro-
nounCedly good effect in holding i'll
| check the tendency which developed
into headstrong activity in 1920. and
prclong prosperity in the present in
| stance much beyond the period
which would have marked its termi-
nation if no check had been applied.
, The halting movements in the
stock market (due perhaps to similar
; hay N il, of a
same effect upon the mark future.
! 1t is not often that bear mark t
! develops after a long period of hesl-
| tation and readjustment, but Is rather
; the finale of spirited outburstS and
excited public speculation.
These We have not had. nor have
such good statements as those of
Atchison and Southern Pacific and
some of the industrials had any
| effect in advancing these securities.
On the contrary. such stocks have
declined fractionally. One eXplana-
! tior of this rather curious develop
ment is that banking interests. hav-
! ing accumulated these better classes
Of stocks In the depressed periods
ROW find commercial needs for none y
growing and are gradually disposing
of them.
The statements OF the banks in
the last year or two have shown a
steadily increasing amount of secur-
tiles held, and it is fair to presume
| that as the demand for money grows
these will come into the market II
this is taking place. such stocks are
| undoubtedly passing into strong
hands and will prove attractive for
, investment purposes"
Up at Rye. y. y.
| Up at Rye. y. Y, the other day a
hundred big bankers listened patient
ly while a twelve-year- lad gave
a lecture on the merits of a thor.
oughbred yearling steer as agains,
the demerits of an old scrub. Illus
trated, too.