Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-23
PEPCO7 PER CENT BONDS LIKELY
TO BE CALLED ABOUT APRIL
National Metropolitan Votes Usual Bonus
to Observation-Disclosures Does
Likewise-British Strike Aids Roads.

directors that the present year nau
been the most prosperous the bank
has had since 1914, in other words,
in the banks history. The business
in 1914 was not nearly up to what
the bank has. done during 1926, Mr..
White humorously remarked.
The bank president happened to
have on his desk today the records
of the last meeting of the directors
for the year 1926. These records
showed that on the Goth of December,
just 100 years ago, the directors de-
clared semi-annual dividend of 3
per cent. One of the directors was
unable to attend the meeting, but sent
a letter saying he favored 212 per
cent disbursement. Incidentally, these
records are in fine condition, the ink
having faded almost none at all and
the writing being exceptionally plain.
Federal-American Dividends.
The directors of the Federal-Ameri-
can National Bank voted a Christmas
bonus of per cent to the banks per-
sonnet at a meeting held yesterday
afternoon. The directors also declared
the regular quarterly dividend of
$3.50 per share, payable on January
/ to stockholders of record on Deem
Der %.
The Federal-American Co, which
is an organization sponsored by the
bank, has declared the regular quar-
terly dividend of $3.50 per share on
the preferred stock. payable January
l, to shareholders of record on De-
cember 90
The Federal-American Banks Club
had it's annual Christmas party at the
Columbia Country Club last evening,
w. It. Galliher. chairman of the
board, taking part in the program,
and John Poole, the president, was
postmaster. The guests were pre-
scented with the annual bonus and re.
ceived many other costly" as we'll
as humorous, gifts. Officers were also
elected
British Strike Aids Local Roads.
This is the most prosperous year
the Virginian Railway has ever had"
said c. H. Hix, president of the road
in commenting on the raising of the
common dividend from Sc to 81 per
share. 1--WE have earned the money
and put it away in a sock and the
directors decided the stockholders
might as well have some of it," he
declared, chuckling.
Virginians earnings for 1926, con
tinued Mr.. Hix, will be double those
which brought coal traffic through
Hampton Roads in Unprecedented
volume, while helping the roads high
earnings, accounted for less than half
the increase, he said
Earnings reports of both the Nor
folk and Western and the Chesapeake
and Ohio indicate that this has been
the most profitable year for the other
two Hampton Roads coal carriers.
Local Securities Hold Firm.
Washington Gas Light stock led
trading today on the Washington
Stock Exchange, prices maintaining
a firm tone. This stock changed
hands to the extent of 80 shares at
70B. Capital Traction came out at
104A in q 25-share turnover and %
shares of Railway and Electric pre-
of Union Trust Co. stock sold at 236.
Business was quiet in the bond divi.
sion. Washington Railway and Elec-
tri as registered S3h, while a 81 900
turnover in the same corporations 6s
brought a price of 103&. The only
other deal was in Capital Traction SIS,
which sold at par for a $500 bond.
The newly listed Woodward 6, 10th
rop preferred stock was posted today
ana was eX-Olvl0end. The opening
bid price was 102. with none offered.
The increase Of sales of ordinary
life insurance in the United States for
November ranges from per cent to
8 per cent over the record of Novem-
Der, 1925.
The largest sectional increase in
sales over November. 1925. is IA per
cent in the New England States. All
sections show gain over a year ago.
The records for individual States
show the greatest gains in Delaware
and Maine.
For the 11-month period sales are
per cent higher than in the same
period of last year. The East, North
Central and South Atlantic States
lead in the year-to-date gain. each
section showing per cent increase
Financial News I'm Brief.
Gross sales of Southern Diaries, Inc.
for the II months this year rose to
$10,4S3,293 from $S,463,176 for the
same period of 1925. Net earnings
for the first nine months of 1926 were
+! $S15.946 in contrast to 1868, 946 for the
entire year 1925.
Frank J. Hughes, president of the
National Mortgage and Investment
Corporation, has left the city for g
! weeks stay in Detroit, Mich.