Evening star., 1925-06-17
STORAGE COMPANY
ELECTSF0R YEAR
Merchants Transfer Also
Declares SIS Semi-AnnuaI
Dividend-Other Notes.
BY CHAS. p. SHAEFFER.

The existing official and directing
personnel, the latter supplemented by
John Poole, president of the Federal
American National Bank, will rule the
operations of the Merchants Trans
Ter and Storage Co. during the en-
suing year. This was determined by
the annual meeting held late yester-
day.
Following the organization meeting
directors voted the regular semi-an-
nual dividend of So a share payable
on July l to stockholders of record
June rs. This rate, which is equiva-
lent TO 10 per cent per annum, has
been maintained for several wears on
the $750,000 capital of the company.
The stock. listed on the local ex-
cnange, has par value of $780, but
Is highly inactive, due to close hold
1ngs, only u shares having been sold
during 1928 to date. These brought
s12O.
John L. Newbold was elected presi-
dent of the company for the ensuing
year, with Ben L. Prince vice presi-
oent. {. b. Buck was renamed secre-
tary and treasurer, with David P
Smith as his assistant The direc-
torate includes John L. Newbold. Ben
L. Prince, c. B. Buck, W. F. Ham,
Leon Tobriner, William John Eynon,
j.. Thomas Dunlop, Albert Z. Berry,
Alexander Britton and John Poole
Railway Common Higher.
Last transactions in Railway Com
mon stock before the public holders
learn what percentage of the i'm
poundage fund will accrue to them In
the form of a dividend carried the
price of the issue fractionally upward
to l241s on sales of 40 shares on the
O. l1p III
the company are holding a special
meeting this afternoon at 3:15 O'Clock
to discuss disposition of the fund
which approXimates So, 200. 900.
The local market lost some of the
strength exhibited yesterday. Rail.
way preferred sold off to S27s on
| sales of 50 shares. A like movement
| was attributed to Mergenthaler which
opened at 1T but eased off to 1861
on sales of 35 shares. Lanston was
quiet at S2A and SO. Washington
Gas stock maintained its strong level.
Al shares selling at co. as did Capital
Traction, to the extent of so shares a
| 981a and 9S5s
Bonds were quiet though firm.
I. c. C. Stock Permit Sought
The Great Northern Railroad today
sought permission from the Interstate
Commerce Commission to isue $500
shares of new preferred stock which
will be sold at par to Montana ranches
to aid construction OF a branch line
from Bainville to Scobey. The present
market level for the stock is around
s67.
The Atch!son. Topeka and Santa
Re carrier asked the commission to
allow it to take over control of the Gulf
and Northern Railroad of Texas H.
payment of 100000 for all of the
capital The Santa Fe holds the
bonded Indebtedness of the latter com
pany.
Institutes New Plans.
Plans for a year Of unusual ac-
tivity by the local chapter, American
Institute of Banking. took definite
form last night in the announcements
by r. Jesse CLANCY, president, of COM
mittee heads who will have charge
of particular duties during the year.
The years study will begin in Sep
.ember lasting we'll into May of 1926.
T. Hunton Leith of the Security
Savings and Commercial Bank will
head the education and banquet com
mittee and Joseph T. Yerkes of the
FederalAmerican will have charge of
ways and means. A. +. HenZe of
Hibbs has been named to head the
membership committee, and Harold
| w buInSlte, tA-pIeSlueIlt, Will du'
minister forum committee functions.
George w. Irelan of Riggs is chair
| man of the publicity committee. and
| Florence NJ Willer of the same in
| stitution has been named to head the
| house committee. Catherine Krieg
still another Riggs representative, is
! in charge of the women's group.
! A new board of governors announced
| by President CLANCY is comprised of
oil
Hunton Leith, Joseph T. Yerkes.
Garrett Van Hoesen. A. w. Sherman,
Elmer O'Hara. A. +. Henze, Harold
w. Burnside, Raphael Calvo, Lois A.
White, Florence Willer, George w.
Irelan and Catherine krieg.