Evening star., 1923-02-21
linotype COMPANY
(SH0WS GOOD GAINS
MergenthaIer Makes Fine
Monthly Report-Banquet
Plans-0ther Notes.

With net gain for January Of
s2o7.26s.60 the Mergenthaler Linotype
Company reported progress along all
lines, at its monthly meeting of di-
rcctors i'm New York yesterday. ac-
cord;ng to Edward j. McQuade. vice
president of the Liberty National
Bank, one of the two local directors
Of the company, who was present.
The net gain of the company tor
the first four fiscal months Of the
YEAR, October ] to January 81. was
sS29,951.61. or .0641 per cent, which
basis if maintained throughout the
twelve months will equal .1943 per
cent for the wear.
Mr.. McQuade returned TO the city
last night and was at his desk today.
Legislative Committee Meets.
\ meeting of the Legislative COM
mittee of the American Bankers AS
location was held in New York
Monday. at which much matter per-
t!nent to proposed banking leSlsla-
ton was discussed. George O. Wal
son, president of the Liberty Ma
tlonal Bank, q member of the body,
attended the meeting.
Coming a. I. Ii. Dinner.
Final arrangements for the annual
dinner to be given Saturday night
at the New willard Hotel by Wash
ington Chapter. American Institute
or Banking. were made public today
by James G. Dulin, jr.. chairman OF
the banquet committee.
Representative Simeon ID. EeSS OF
Ohio vii! be the only speaker of the
evening, according to the program
sent out. John ]. boobar will pre-
side as toastmastcT ard the invoc;;-
lion wiz be asked b. Rev. John e.
There win be one solo by Horace
Lake. and Song Leader W. +.
Schmuclier will Iced III community
singing. while Myer Goldman's Or
cheStra will furnish the music Dane
ing viii follow the completion oi the
program.
.air. DuIin said toda: that more than
so members OF the local chapter of
the institute and prominent bankers
Of the city have already signfed
their attention Of attending the din
ncr-
Included among those from out Of
town who have returned acceptances
arc Frank lotion. president of the
New York chapter: +. L. Renver
president Of the Baltimore chapter:
w. ". Brown. president OF the Rich
moui chapter: John "A. Graham, mem
ber OF ,he executive council of Bal
tinrrr. and r. l.. Love. first vice
presiG at of the New York chapter.
Many out-of-town women. officials of
othcr chapters. will also be on hand.
II II believed that fully $50 who
have tiIus far failed to send il their
:.ccnrtanrcs viii be in line when the
dinner bel! rings This will swell
tne @r:id total to more than 500.
which viii comfortably fill the large
halirnurm 1T the hotel.
knrt,rtliug to Mr.. Dulin. many local
institutions have failed to forward
lists of hose who will attend from
various banks. and he urges the de-
liGucnts TO get in line promptly
McCrory Profits, S1.1S5,00O.
The report of the McCrory Stores
Corporation for the year ended De-
e.ember 81, 1922, show net profits of
SlISoO69. after federal taxes and
charges equivalent. after preferred
dividends and sinking funds, to Slo.06
a. share earned on the SI.05S.S0o com
mon stock This compares with S6SI.-
I'll, or 1910 share on S6.2O9,1O0 COM
mon, in 1921.
The income account for 1922 shows
sales of. sl1.l22.9S9, as against Sl4.-
40G 4O3 in 1921; surplus. $1.063,o96. as
compared with s565.60S in the pre-
yious year; profit and loss surplus.
s1219,9Sr. as against sl,04o.4l6 In
1921.
The balance sheet as of December
fl 1922 shows assets Of SILL -.
of which inventories are s3.So6.534 {;
accounts receivable s24.142: cash.
S44S.IsS. Liabilities amount to SILL
766.544. Of which bills payable are
s1pI 500: accounts payable. sl,2Ol,332.
and surplus. $1.219,9S1.