Evening star., 1926-11-17
C.. C.. GLOVER, JR., ELECTED HEAD
OF LOCAL STOCK EXCHANGE
R. E. Claughton Named Vice President,
C. J. Gockeler Secretary and George O.
Watson Treasurer of Washington Body.

ship after branching out into the real
estate business. The exchange lost
by death Sanford N. Vhitwell and
John L. Edwards.
New listings were also frequent
during the year, with one exception
local securities being the ones placed
on the board.
Early in the year Merchants Trans.
fer and Storage listed 250,000 addi
tional shares of common; an issue OF
$2,500,000 Wardman Park Hotel first
SIS was later admitted to trading, as
was an issue of $750,00O Chestnut
Farms Dairy 61a per cent bonds
Federal Storage 8 per cent preferred
stock also made it's appearance.
The American Telephone and Tele'
graph Co. secured the listing Of the
250, 900 shares of stock, but practically
all the trading in this issue has been
done through the New York Stock
Exchange. The Georgetown Gas Co.
got place on the board for $250,00O
F.! 50-year per cent gold bonds, making
the company's total issue $1,000, 900.
The Chevy Chase Club also placed on
the exchange $450,000 first mortgage
5 Il per cent bonds.
One of the most active stocks added
! to the list was Peoples Drug Stores
preferred, $1,000.000 s per cent pre-
ferred being chalked up on the board
listings were the preferred and com
mon of the Federal-American Co.
Exchange Trading Is Lively.
Owing to the large attendance on
account of the annual election, trad
ing on the local board was very lively
today. Washington Gas and Capital
TS,soo ofi0 De- okyl<
preferred We're the leaders.
/ Capital Traction sold at ia
through the session, So shares In
Washington Gas Light opened at 7z
| on sales totaling 40 shares and then
advanced to 721s on additiona.
sales involving 80 shares. Sales ir
Railway and Electric preferred
reached 120 shares priced at 91A.
Potomac Electric Power sold al
107h, Real Estate Title Insurance
Co. came out at $780, and Federal
American Co. common reached a
new high on the move-31-on a
60-share turnover. Mergenthale1
opened at 1O6, advanced to 1865
| and closed at 1861, strength in the
issue being laid to yesterdays divi-
dend action. Merchants Transfer
and Storage preferred recorded sales
at 101 and National Bank of Wash
ington sold at $50.
Washington Railway and Electric
| as sold at S3A, Capital Traction IS
at 101, and Georgetown Gas 5s al
9sA.
Mergenthaler Votes Extra.
Directors of the Mergenthaler Limo
! type Co. in session in New York yes
| terday afternoon declared the regula
quarterly dividend of. $125 per shar,
and an extra dividend of 25 cents
share. The 25-cent extra is the SAM
amount as was paid in the preceding
quarter.
The Mergenthaler Co. today report
ed for the year ended September 81
net income of $2,625, ,OOO33 after taxes
/ which is equal to $1O.25 per shar,
on 100000 shares, against 81, ,699, ,00O.2S
or $lO.54 per share on the presen
| stock for the former year.
| Glllet q Co., 1912 K street, is han
| dllng the local subscriptions in con
nectlon with the issue of 10000 shares
OF Second International Securitie
| Corporation per cent first preferre,
stock. The issue has just beel
brought out. The company wa
organized under the laws of Mary
land to carry on the business of al
Investment trust. The firm is ais
o1tering the same number of share
of common stock.
Alfred Reeves Of New York, VIII
spoke at the institute forum here ;
| snort time ago, declared in Chicag
that installment buying has been
powerful factor in maintaining ma
tional prosperity. "It is as SCUM
| economics to provide credit facilitie
Tor the consumer as for the producer.
ne asserted. Making useful pur
chases on time and within one
means, IS simply setting up a pro
gram OF saving and getting use O
saving