Evening star., 1924-08-21
REGULAR LINOTYPE
DIVIDEND DECLARED
mergenthaIer Earnings Are
Above Last Year-LocaI
Bank to Pay in Full.
BY CHAS. p. SHAEFFER.

Directors of the Mergenthaler Limo
type Corporation have declared their
regular quarterly dividend of 2k per
cent on the capital stock of the com
pany, payable on September 80 to
stockholders of record September 2
II was announced this morning.
transfer books will not be closed.
Earnings of the corporation are
SAID to be slightly in excess of those
Ior the corresponding period of last
year, but statistics are not available
1or publication at this time
AT the present market of 159 to 100
the issue yields approximately 6.2s
per cent.
Cities Service Dividend.
cities Service Company has de-
ciared the regular monthly dividend
oi one-halt OF / per cent in cash
scrip on common stock in addition TO
II per cent in stock scrip on COM
mon. and the regular monthly divi-
dend of one-half of 1 per cent on pre-
ferred and preference "B" stock.
All are payable October l to stock
OF record September Is
New Bond Offer Announced.
new issue of s1,2oo,o0o of first
mortgage and refunding general lien
hs per cent sinking fund gold bonds
OF the Missouri Power and Light
Company, at price of $3.50 and ac-
crued interest, to yield more than
$50 per cent, is being offered the
public today.
The bonds are dated December /.
1928. due in twenty years They are
redeemable in whole or in part on 60
days notice on any interest date up
to December /, 1888, at los and ac-
crued interest, with successive reduc-
tions in redemption price of 1 per
cent during each year thereafter.
Life Insurance Sales Gain.
Sales of life insurance in this coun-
try improved materially i'll July over
July a year ago, Life Insurance Sales
Research Bureau reports. This i'm
provement was shown by an II per
cent increase. and was particularly
significant because a month ago the
increase was only l per cent greater
than in June, 1923.
Total sales in July were S591, $4,000;
in July of last year they totaled but
s534,075,00O. For the seven month
enormous total of s4,236,2s8.000, an
increase of 10 per cent over the cor
responding period of 1928.
Depositors Paid in Full.
Depositors of the Merchants and
r al merS Bank OF AndcOSIld, winch
became defunct last Tuesday, are be-
ing paid in full, it was learned from
an authoritative source this morning.
Likewise, Christmas Savings Club
memberships will receive their de-
posits in their entirety.
Late estimates place the deposits
of the institution at only $4,000. with
paid in capital approximately $500
Under the plan of liquidation, any
possible losses will be borne by share
holders.
These shareholders, it is under
stood, will either have to stand their
losses or accept the alternative of
possible recoup through the medium
of a finance and building association
which several directors are trying to
organize.
Local Market Very Dull.
Absence of number of the reg
ulars" caused decided slump in VOL
ume on the Washington Stock Ex-
change this morning. But three is
sues found their way into the sales
column. Is shares of Riggs National
Bank selling at 291la, % shares of
Merchants Bank and Trust Company
changing hands at $50 and II shares
of Traction selling at SO, Slightly
above the previous close.