Evening star., 1925-05-16
STOCK MELON CUT
BY RALEIGH HOTEL
Disbursement of $4,000
Rounds Out S2,50O,OOO
of Capital.
BY CHAS. p. SCHAEFFER

Directors of the Raleigh Hotel Co
have declared a stock dividend ~
T-lO0 per cent, payable to stock
holders Of record May 13 last. The
disbursement aggregates S11S.U00 ami
Iully pays up the authorized capital
zatIon of $2.500,0 900.
The dividend will be taken from ur,
divided profits of the institution
There will be no further stock dis
pursements, directors aver who re-
quest all holders of scrip certificates
to convert them into full shares
Cash dividends, which have varied In
the past, will be calculated al tho
rate Of . per cent per annum, begin
ming with the first of next month.
Any earnings beyond this amount will
be distributed as an extra cash divi-
dend.
The hotels bonded Indebtedness.
which amounted to $l,140,0 900 at the
outbreak of the World War, has been
entirely wiped out, paid off from earn
lngS of the company
Officers of the company include Ed
ward S. Stellwagen, chairman Of the
board; Harry b. Burch, president,
FRANK 6 Henry, vice president: Ed
ward l.. Hillyer, secretary, and Viii
liam j. Flather, treasurer
Bank Cashier Named.
w. L. Koontz was elected cashier
of the Anacostia Bank at the annual
meeting Of the directors, to succeed
Charles Y. Etzler. who resigned from
the position. Mr.. Koontz has been
affiliated with the institution for nine
years, lately in the capacity of assist
ant cashier.
Statistics of the institution. made
public at the meeting, show a gain Of
S133,219 to 81 ,049,6 in deposits for
the year Resources gained S179.25S to
Sl,226,504 in the same period.
The addition of $40 ZOO to the surplus
account, making this item SIS 900 was
also voted at the meeting
Local Debaters Defeated.
The debating team of the Baltimore
Chapter, American Institute of Bank
ing. was victorious in their setto with
the local aggregation in Baltimore last
night. The winning team took the
negative side of the question Resolved
that the Electoral College of the
United States should be abolished.
Moody's Weekly Review.
Moody's Weekly Review of financial
conditions in its current issue says in
part:
Security prices have mostly recoy-
cred from the March break, although
trade conditions remain substantially
unchanged We are passing through
a temporary seasonal trade reaction,
and for the time being general bust
ness is not as active as it was in
March and early April
Hence the rise in bonds to new
high levels and the three-quarters re-
covery in stocks cannot be attributed
to trade changes.
Our present capacity to absorb new
securities, including municipals and
foreign issues, is probably about S525.-
100000 per month, whereas these new
issues since January have been aver
aging about S450,000,000 per month
Trading on Local Board
Another new high record was estah-
lished by common stock of the Wash
inSton Railway and Electric Co. in to-
days short session, when sales of 81
shares moved the price upward TO
IS. The best previous level was
attained on Monday last, when several
hundred shares sold upward to I16
The remainder of today's trading
was dull. Railway preferred declined
a full point from its previous close
when SIX shares brought 8212. Ma
tional Mortgage and Investment pre-
ferred firmed up TO 92s, and Lanston
was firm but unchanged at IS.
Unlisted Securities Prices.
The following latest bid" and
asked prices for unlisted securities
are quoted for the guidance of holders
of these issues:
BONDS. Bid Asked
Army and Navy Club 5s..... 50 ....