Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-21
CAFR|Tz TO HEAD
NEW FINANCE FIRM
Federal Security & Mortgage
Co. Has 100000 Cap
itai-0ther Local Notes.
BY CHAS. p. SHAEFFER.

BY CHAS. p. SHAEFFER.
Formation of a new 100000 rea!
estate mortgage company, known as
the Federal Security and MORTGAGE
Co. and headed by prominent business
men Of this city, was announced this
morning.
The concern. which has poened Of
fees al 1412 X street northwest. j.
headed by Morris Cafritz. president.
Harry NJ. Crandall. vice president
George w. Huguely, vice presiden,
and treasurer; Norris Gewirz. secre-
tary and general manager. and
Maurice ID. Rosenberg. counsel
Sufficient stock necessary TO begin
functioning has already been pledged
by the various officers and directors.
while the remainder will be offered
the public at later date. When tho
entire issue is sold effort will be
made to have it listed on the Wash
ington Stock Exchange.
Directors of the company include
r. =. Andrews, Harry NJ Crandan, l..
I. Chewing, Morris Cafritz. Charles
A. Goldsmith. ". W. Griffith, Nor
ris Gewirz, George W. Huguely. Paul
ltlmmelfarb, Vernon 6. Ower.
Maurice d. Rosenberg and j. j.
Shapiro.
Milk Shortage Serious
Edward s. Perot. Jr., president of
Southern Diaries, Inc, who has iusr
returned from a. tour of the corpo-
rations plants in the South, declared
that one of the biggest problems
faced in Florida and some of the other
Southern States at this time is an
adequate supply Of good milk, cream
and ice cream.
SanderSon and por-1ar apgipaara
have made a special survey of the
situation in Florida with respect 10
the shortage Of these commodities
BASED on this report, the Southern
DalrleS, Inc, Is preparing to extract
its products from what may be term
ed nearby sources instead of Virginia
pennsylvania and New jersey. One
large central station in Alabama has
been purchased and another is under
construction. In addition the new.
corporations plant at Miami is near
ing completion. From these sources
the corporation expects to Adequately
supply the coastal and other sections
of Florida most IN need of milk and
cream.
Mr.. Perot said that he is able to
see good evidence of the pernanencv
OF the SouthS present business actiy-
ity in the increasing population, the
and the tremendous gain in bank
clearings in the leading Southern
cities.
Bond Club Adds Members.
The Bond Club of Washington, or
gained last June for the purpose o.
promoting and maintaining high
standards and just principles in the
bond profession, has gained consider
able prestige by the addition of seven
associate members, namely. Robert
V Fleming. president of Riggs Ma
tional Bank; Corcoran Thorn, vice
president of the American Security <
Trust Co.: George ". White. presi-
dent Of the National Metropolitan
Bank; William d. Hoover, president
OF the National Savings & Trust Co
John Z. Larner, president of the
Washington Loan & Trust Co; John
Poole. president of the Federal Amer
lean National Bank. and Joshua
Evans. Jr.. vice president of the Dis
trict Nationa! Bank
The club. which is headed by
Charles Carroll Morgan, president.
has 16 active members comprised OF
local bond men.
Dividends and Bonuses.
Directors of the National Capital
Mortgage Co. have declared the resu-
lar quarterly dividend of per cent
on both issues of stock. payable Jan.
| uary l to holders Of record Decem
Der 81.
The local brokerage office of Harri-
man & Co. will disburse q Yuletide
gift to employees of 20 per cent OF
their annual salaries, g. Bowie Chip
man, resident partner, announced this
morning.
School Bonds Offered
Eastman. Dillon & Co. are onerins
a new issue of 100000 City of Gran
ston. r. l., gold per cent school
bonds. The issue is for school pur-
poses and constitutes the direct and
general obligations of the entire city
1t is priced TO yield 40 to Ais per
cent, according to maturity. $4,000
falling due each January from 1927
to 1866.
Local Market Strong
A strong tone was maintained on
the Washington Stock Exchange this
morning under the leadership of
Mergenthaler Linotype which sold up
ward to 1895 on sales of 6S shares
Capital Traction was also fractionallv
frmer. closing at 1885 on a transac-
ton of 100 shares.
Washington Gas stock was strong
despite a slight easing off. closing at
IA. Lanston was quiet at Sii2 as was
Railway preferred at 9Oia. This latter
issue was unusually active. sales ag
gregating o61 shares. Union Trust
Company sold at 220.
The bond side of the market wa
listleSS