Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-02-06
LINOTYPE MEETING
SET FOR MARCH 16
Mergenthafer RecapitaIiza-
ton to Be Voted at Special
SeSSion-0ther Notes.
BY CHAS. p. SHAEFFER.

A special meeting of stockholders of
Mergenthaler Linotype Co., will be
held on March 16, to vote on the pro
posal announced several weeks ago
TO change the capital stock indebted
ness to no par value from 800, and
to increase the authorized amount to
100000 shares from 10000 through
split up Of shares on the baiss of two
new shares of no par value for one
Of the old of 800 par.
While this corporation is OF New
York nativity, Washington Is recOc-
nized as it's central market, althoug..
the stock is also listed on the New
York and Boston exchanges. Action of
the security here has been one of the
features of the last month, scoring an
advance of more than 20 points, pr
marily on its probable worth after
effect is given TO recapitalization.
Savings Conferences Planned.
Three regional savings conferences
will be held during February and
March, under the auspices Of the
Savings Bank Division of the Amer
lean Bankers Association.
The first conference will be at Port
land, Greg, on February 20 and 20.
while representatives of the Middle
West will gather at Kansas City, Mo,
on March 4 and ;. Eastern repre-
sentatiVes VIII convene at Atlanta ON
March II and II.
The object of the meetings is to
present detailed information on say.
lngs bank operations that can be APP
piled by institutions which send their
representatives 10 the gatherings.
Costs and Improvements in mechanical
facilities Tor handling savings ac-
counts Will be among the questions
discussed. At Portland departmental
banking, providing segregation OF
savings deposits from other assets IL
commercial banks will be considered.
BradStreetS reports of business fail
ureS in the United States for the
week ended February puts the
number at 43l, compared with Az
the week before and ass in the cor
responding week last year.
Fox Films Balance Sheet.
The Fox Film corporation, inCiud-
ing subsidiaries, has issued its first
balance sheet since the company ad-
mitted the public into ownership ut
its securities, showing total assets OF
more than S26. $50 900 as of November
IS. last. compared with S24,50 .GUv
in June. after giving effect TO new
financing in that month. Total cur
rent and working assets We're ST.
Csc 600. of which S4.26s, 900 was in cash
and $500. 900 in the form of call loans.
This was in the ratio of 1872 to !.
as compared with total current liza bill
ties of $40 900.
The report disclosed that the Fox
Film Corporation had invested a tota!
Of S3236 800 in other companies, and
its investment in stage productions
was more than $4,000. inventories
were carried at SS.554 600, and land.
buildings and equipment, etc. al
! 81 ,S62 900. The funded debt was
! So. 169 300. Of which $4,000 has since
been retired.
National Bank of Washington stock.
with an advance of - points over the
previous transaction, was the feature
of today'S market on the local board.
This security. which IS very CLOSELY
held and seldom active. sold TO the
extent of 10 shares at 80 against
best previous peak Of 2S5, offering ad-
dtional proof that stock of well eS-
tablished hank is one OF the best Ions
carry securities one can obtain.
Capital Traction continued to dis
play strength, 10 shares selling a
1861 while Mergenthaler lowered
around its recent peak at 215a4. Gas
was quiet and unchanged at - and
fractionally above. Seventeen shares
Of Commercial National Bank brought
! $50. and Railway preferred was stronS
at 81.