Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-29
BAKING COMPANY
NETS S10,2O7,034
Continental Has This Amount
Available for Dividends
and Taxes.
BY CHAS. p. SHAEFFER.

The annual report of Continents
Baking Corporation, which absorbed
the local plant of Corby's last yea
shows a net income of $lO.207,O3t
available for dividends and incom-
tax for the year 1925. These figure
are after deduction of $633,Sl7 for i'm
terest on the funded debt and amo,-
tiZation OF bond discount, and dedUg.
ton of S2,596 ,064 for depreciation.
Between January l and Nav
1925, 81 bakeries We're added to tie
business, and the report SAYS thai
very few of these reflected any beneti,
OF Continental management IN the
first six months OF the year
The consolidated balance sheet a 8 o.
December % showed current assets -
Sl8,727.687 and current liabilities a.
S493l ,33l. Surplus. including capt..
surplus, is reported at S5,6l3.697.
Bank Stock Advances.
Stock of the Federal-American Na-
tional Bank gained an additional .
points TO a new high level Of 800 or
the Washington Stock Exchange this
morning. Only 10 shares changed
hands, but the spread" was widen"d
at the close to 10 points, with 3S5 biz
and 395 asked. The recently LISTED
issue Of Federal Storage preferred
stock was responsible for the oul,
other new high. selling TO the extern
of 10 shares at 100.
Washington Railway and Electrir
preferred was quiet at 81, as was Ga
at 1914. Merchants Transfer an
Storage continued easier AT 1921.
with Lanston unchanged at S4&4.
Bonds were listless.
Initial Offering of Stock.
Initial Offering of stock of the Fed
eral Security and Mortgage Co. "f
this city was made this morning. the
issue being disposed of in units of 10
shares of per cent cumulative pre-
ferred stock with par value of SD
and 10 shares of common stock of no
par value, at S125 a unit. The authol
lied capitalization of the concern is
100000 shares of both classes.
The Federal Security and Mortgae"
Co. was organized a short time agn
for the purpose of financing first ana
second trust notes secured by i'm
proved income producing real estate
here and in adjacent territory. IT j.
differed by Morris CafritZ, president.
Harry NJ. CrandalI. vice presiden'.
George w. Huguely, vice presidenl
and treasurer; Morris Gewirz, secre
tary. and NJ d. Rosenberg, genera
counsel.
Homer J.. Kilt president Of the
Homer L. Kit Co, announced
the purchase of the -. 6. PfeITe
piano business of 1910 q stree
Through this transaction Mr.. Pfeiffcr
becomes associated with the IiomeT
L. Kit Co.
Mr.. Pfeifer is a favorabIy known
piano merchant as we'll as a musician.
thus adding q new feature in a:anp
merchandising to the house of Kit
Youngest Bank Director.
The Washington Savings Fauh
voices claim to having the youHEest
bank director in Washington in Gran
vile Guide, champion sculler Nj
Guide is just % years of age.
{. & o. Offer Expires April l.
Holders of Chesapeake and Ohio CON
vertible per cent bonds should bear
in mind that the conversion privilege
at the ratio of 100 in stock for GO in
bonds expires on April l. Unless con
version is made on or before that date
or the bonds are sold prior to thai
time the holder runs the risk of losin.
$3.50 on each $1,000 bond
Bank Now Has 1859 Accounts.
The Central Savings Bank had
1853 accounts al the close of bus
ness yesterday. with aggregate de
posits of s225.00 \ goal of $500, 900
in deposits has been set for the next
quarter on the strength of current
new business, which, numerically. is
not surpassed by any institution in
town. according to claims of Central
officials.
Personal Mention.
s. y. Whitwell, controller of the
Washington Gas Light Co. who Ia