Evening star., 1924-08-22
D. C. PAPER Co.
TO ADD T0STOCK
s'ooo,ooo Increase An
nounced Today-Finance
Firm in Anacostia.
BY CHAs. p. sHAEFrER-

me district of Columbia Paper
tanuIacturing Company propose. 20
III ease the common stock of tho
.po.ation to the extent OF $1,000. 900
ooroing to circular letter for,
"aroeo to stockholders.
.hoflzation for this action was
of shar a. a recent special meeting
~. hlehoioers. and amendment to
tne charter. which was granted mnden a.
1ne iaws,of Virginia, has been efrsctsd
burns brnI brothers. Inc, inyestment
Aers' VIII handle the jssue
oSoloing to the daily record mo-
psaeo by the Washington stock Er-
SnH.se, the company has a bonded in
vu,eaness na.,e OF 100000 of first sixes
c.nt.ais IN 1897, and $500 900 Of
sapIlai stock, consisting of s4o0 nm
Vi common and the balance preferred
es iast sale of the bonds was made
a. o. with IS asked, while tho cor
mon closed at so and the nreferred
points higher. Dividends have heen
sSuspehoed. according to the local
The plan. in its entirety, will be
consummated by August 2S the cir
GUAR states. 1t is understood the -.
issue Will be listed on the 1oc.I 80,
Take" Over Banks Affairs.
Inc Anacostia Finance Corporation.
ou's roWth of the defunct Mer-
~ n.s aho FARMERS Bank of Anacos-
e direaoy been organized and
Is 1unctioning, Charles T. CIayton
president, announced this morning
Inc authorized capitalization of N.
agency was stated as 100000 of 81
par value stock, $4,000 of which has
ueen subscribed. 1t is organized under
the laws of Maryland.
M,. clayton was counsel for the
banking institution under the lat.
regime, and 1t was at his insfstence
the venture was abandoned, Asso-
ciateo with him in the finance COM
pany are Emil Schmid, vice presi-
oent' LIE sales Moran. Howard Brady,
secretary, and j. Chris Wood, treas
urer' This company has installed a
real estate department under the
MANAGEMENT of Adalbert w. Lee.
Inc Anacostia Building Association.
recently organized in Anacostia, has
no bearing on the finance firm, a mis-
unoerstan ding coming about through
interlocking directorates.
Revenue Freight sIumps.
|, Due chiefly to falling off of ship
ments of coke, ore, merchan ndise and
miscellaneous freight, loading of rev
ehue freight for the week ended Au-
gust totaled 942,19S cars, a decrease
OF 1888 cars under the prece ding
week, the American Railway Associa-
tion reports. The total also was d
decrease of 31.552 cars compared with
the corresponding week in 1922. In
creases over the week before in the
total loading of all commodities was
reported in the Allegheny. Pocahontas
and Southern districts, with decreases
in all others.
Freight cars in need of repair on
August l. totaled 202,S6 or SO per
cent of the number on line. This was
an increase of 2.712 over the number
reported on July Is, at which time
there were 200.152 or s.s per cent.
Stock Highest Since Listing.
National Mortgage & Investment,
preferred. continued to climb on the
Washington Stock Exchange this
morning. so shares selling at az. the
highest price reached since listing.
The favorable earnings statement re-
Gently made public, is understood to
be the power back of the advance.
Trading was well diversified, with
utilities holding monopoly on trans
actions.