Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-22
WOODWARD g. LOTF1ROP STOCK
IS LISTED ON LOCAL EXCHANGE
100000 In Per Cent Cumulative Pre-
fered, Par $500, Newcomer to Board.
Trading Will Be Permitted Tomorrow.

addition, making II a most imposing
building and allowing for extensive
department expansions.
The present officers are Donald
Woodward. president; w. w. Everett
first vice president: G. N. Everett
second vice president and secretary
and M. Fischer, treasurer. The direc
tors include N. II. Luttrell, Washing
ton: J. N. Luttrell, New York; Johr
Tyssowski, New York: B. w. Parker
and L. I. Wilson, both of Bethesda
Md
American Security Extra"
The directors of the American Sc
curity and Trust Co. yesterday de
clared regular per cent dividend
and an extra of 2 per cent, payable
on January 10 to stockholders Of rec
ord on December 81, the books to be
closed during this period.
It was also voted to transfer $500,
600 from the undivided profits account
to the surplus account, giving the
bank q total surplus of $4,000, 900
With the present capital stock of So,
400 900. the combined capital and sur
plus totals Sc, 100000.
President Charles ]. Bell reported
that the trust company was ending
very successful year. The usua
bonus for employees was voted.
Other Christmas Dividends.
The board of directors of the Johr
Fl. Wilkins Co., at the regular meet
ing held Monday, declared the regular
per cent semi-annual dividend or
the outstanding preferred stock anG
$3.50 per share on the outstanding
common stock. Both dividends are
payable January 10 to all holders OF
stock as of record December 81.
|, Directors of the Merchants Trans
fer & Storage Co. yesterday declared
the regular quarterly dividend of SIT;
share on the Z per cent preferred
and the semi-annual dividend of Sc
on the common stock, both dividends
payable January l to stockholders OF
record December 26. The books will
remain closed December 26 to 81.
Local Market Strong Today.
Capital Traction stock sold at 1041s
and Potomac Electric Power prefer
red at 107% in a strong local mar
ket today. Railway preferred sold al
9O% and Federal American Co. com
mon came out at 325s, a new high
and closed at 32A.
Merchants Transfer and Storage
preferred registered 102. Ten shares
Of Merchants Bank and Trust Co.
now ex dividend, changed hands al
sou. Prices in the limited bond trad
Ing showed little change from recent
quotations.
Bank Adds Funds to Surplus.
AT a recent meeting of the direc
tors of the Farmers and Mechanics
tional Bank in Georgetown 1t wa:
voted to transfer $52,000 to surplus
This action gives the bank a surplus
of $350,000, while the present capita,
is $685., 900.
Bankers on Thrift Committee.
Now that the 1927 Christmas Saw
ings Clubs are so well started, loca
bankers are planning to cooperate
In the annual Thrift week program
which opens on January II. The cam
paign is considered more importan
to the banks than to any other bust
ness or civic interests in the city.
Louis Rothschild, chairman of tn.
publicity committee and director o.
the Better Business Bureau, an
nounces the following members o.
the bank day committee; Francis G
Addison. Jr.. chairman; Harry v
Haynes. Joshua Evans, jr., w. ]
Waller, Lanier p. McLachlen and T
Hunton Leith.
Tax Payments Very Heavy.
December income tax payment.
pouring into the Treasury will exceed
last years collection by nearly 500,
OOo, 900. despite the deep slash in rates
made by Congress last Spring, it was
estimated at the Treasury yesterday
The total will amount to between
$440 100000 and $445 .000, 900 by the
end OF the month, when complete tabu
lations are available. Last December.
collections were 1885,, 900, 900.
Smith Company Officers Dine.
The annual officers dinner of the
F. II. Smith Co. was held last night al
Hotel Hamilton. The dinner was tend
cred by the junior officers and de.
partment heads in honor of the senior
officers Of the company: G. Bryan
Pitts, chairman Of the board; Samuel
). Henry. president. and c. E. Ana
dale, vice president. George E. Joseph
of New York, general counsel of the
company, acted as POSTMASTER.
Those present were: G. Bryan Pitts
S. j. Henry, c. K. Anadale, J. H. Ed
wards. jr.; w. p. Wilson, ]. S. Far.
quhar. B. F. Viehmann, p. J. Dundon
f. l.. Fuegel L. E. Thomas, J. NJ. Ma
gruder, L. S. Mann, G. E. Joseph, G
E. Trimble, c. S. SCHNEIDER, NJ. u
Haley, Maj. Riggs. B. F. Dawes, N. p.
Gardner, J. s. Fisher and f. H. Child
ers.
Other Financial Notes.
Business of the S. S. Kresge Co. this
year has expanded greatly, 81 new
stores having been opened, total of
366 now in operation. Sales for 1926
are estimated in excess of $117 900 900,
against 105,965, $40 for 1925.
r. L. Schreiner, president Of the
Bank Of Brightwood, reports that GO
per cent of the Christmas Savings
Clubs funds distributed by the bank
has already been redeposited in per.
manent savings accounts. Inciden-
tally, this energetic young banker
adds that the banking business in the
Brightwood territory is in excellent
condition.
Earnings Of Loew's, Inc, for the
fiscal year ended August 81, 1926, were
the largest both in total and in dollars
per share in the history Of the com.
pany. Net profit was $6,388, 200, equal
to $6.02' each on 1,060,7S0 shares of
no par capital stock, against $4,708,.
631, or $4.43 earned, in 1925, and
$2,949, O52. or $2.58, in 1924.
The Riggs Bank employees have pub
lished a special Christmas number of
the Clearing House Key. 1t contains
fac-simile of the testimonial given
Charles c.. Glover on his eightieth
birthday and many other notes that
make it of unusual interest.