Evening star., 1925-08-14
DEAN-ONAT|V|A CO.
OFFICE KEPT OPEN
Decision to Continue Here Of
fiCiaIIy Announced-ReIa-
lively Heavy Trading.
BY CHAS. p. SHAEFFER.

| The local office Of Dean. Onativia
d Co. against whom bankruptcy pro
! ceeding8 were filed in the Chicago
| courts some weeks ago, Will be main
tanned, at least during the immediate
| tuture, 1t was officially announced
! TINS morning The statement fol
| lows meeting of firm he, ds in New
! York yesterday
The permanent statEs Of the
! Washington branch. as well as the
| entire concern, rests on the auditin-
| OF the frm'S books, which is now
being conducted. Approximately go
| per cent OF the accounts have already
! been verified. il is said, the remainde.
| representing inaccessibles and tour
| lists. When the accounting report il
| complete, ii will be submitted TO .
/ board Of the New York Stock E,x-
! change for its action.
! Simultaneous with this report came
! the statement that Bernard \ Smyth
/ manager OF the local office had re-
| signed 10 become affiliated with ths
! international Institute of Economies
/ IN the capacity of secretary. treasur-
er and general sales manager The
! institute, which is now in process Of
! formation, is understood to be a bu-
feau OF information service for econ
omlsts investors and business men
Mr. Smyths successor has nor ~er
! been named.
Exchange Shows Even Tone.
strong and even tone character
IZed the relatively heavy trading in
/ the weeks closing session on the local
stock Exchange this morning.
railway common. around which in
! tereSt centers. account of the phenon-
email rises during the last two weeks
| netted fractional loss to l48 on sales
OF $50 shares. The preferred. however
remained firm at S5L on sales -
shares. Federal American Nati0na,
| Bank recorded price Of 265 on sales
OF u shares. and District National at
tanned 195 on sales Of 3 shares
Norfolk and Washington steam,
| boat Co. sold 260 to the extent of %
! shares and Capital Traction remained
Hfm at par and a quarter American
Security and Trust Co. climbed to 342
on small sales. with MercenthsIer
unchanged at lgI
on the unlisted department eight
shares of Chaplin Sacks s per cent
preferred sold at par
Treasury Buys Libertys.
The Treasury Department purchased
sb.o0O,o0O OF Third Liberty Loan bonds
for sinking fund account during the
hrst 10 DAYS Of August Total pllr-
chases Of this issue for the current
hscal year TO date amount to SlG..
900 600
All sinking fund expenditures 81
far have been for Liberty bonds
the next-large issue to mature coming
Que september Is. 1928. The amount
outstanding on July 81. 1925. was 81
oto.3II 1880. In the corresponding
period of the previous fiscal year only
$1,000 OF these bonds were retired.
Wall Street Compliment.
Washington is offering dividends to
the worthy in more generous measure
than ever before. If in doubt. hark 10
the following in the Wall Street Jour
nal:
The Saturday Evening Post the
other day put ". B. Hibbs in the han
OF fame as Washington observer and
prognostlcator par-eNcelIence Moth
ing could be closer to the fact and
commendation could not be put in
tplace more deserved
Still the picture would not he com
plete, as Mr.. Hibbs himself would tell,
without mention of W. W. Spaid. bet.
I ter known as Bill who occupies 4
place at Mr. Hibhs' right hand. Be.
! hind Mr.. Spaid's rather professional
! demeanor lies one Of the fastest and
surest sets of thinking machinery
known about Washington"
All of which is readily recognized
as the truth by Nll who know him,
= Estimated earnings of the Western
Maryland Raifv,l; Co. for the week
ended August were L. per cent
. above those for the corresponding
week of 1924. The greatest single in
A; crease shown was in transportation
of coal and coke. which was y per
cent in excess of last years business
Passenger revenues went UP - per
cent but the total receipts from this
source were less than one-sixth OF
those of coal. Business done by the
road during the current fiscal year to
: August Welded l per cent greater
total revenues than were reported for
: the corresponding period of last year
! bid" and Asked" Prices.
The following latest bid and asked
: prices for unlisted securities are quot
: ed for the guidance of holders Of these
r issues:
BONDS
Army army ard Navy Club 49,. s.
; Metropolitan 6lu6 4las....... i -.
STOCKS
Anacnstia Bank ..-.... 225 ~
. Banking Trust and MortKaEe. - -
. ! Chapln Sacks ......--......-