Evening star., 1926-06-11
PRICES ARE FIRM
ON EXCHANGE HERE
Real Estate Mortgage and
Guaranty Pays Semi
Annual Dividends.
BY EDWARD c. STONE.

u
Prices on the Washington Stock
Exchange were firm today both in the
bond and stock divisions. On the bond
side Washington Railway and Electric
general and refundine 6s sold at 102 -.
Washington Gas Gs opened AT 104I.
and closed at 1919 Capital Traction
os came out AT l0212 and the bond
market wound up with one sale in
city and Suburban Railway 5s at S6I.
Ten shares of Lanston Monotvpe
as of June 10. sold at 861a and 10
shares as Of June II recorded the
same price. Thirty shares Of WASH.
lngton Gas Light stock changed
hands at 68i2. Washington RAILWAY
ana Electric preferred WAS active and
higher. The stock opened on a 10
share sale at $685. The next sale
brought $50 and the next S87s. The
issue closed with two odd lot sales at
| So
- There was one transfer in Capital
Traction stock. 20 shares going AT
| 1852 the price which has prevailed
all the week. In the unlisted depar1
inent 10 shares Of Miller Train Con
/ tfoi stock changed hands at .. This
! STOCK mas been much more active
since the recent deal in which the
General Railway Signal Co. took over
! the selling rights of the Miller Train
control apparatus.
| Mortgage Firm Votes Dividends.
| Directors of the Real Estate Mort.
gage and Guaranty Corporation YES.
| Ierday declared the regular semi.
| dnnual dividends at the annual rate
pi per cent on the preferred stock
| ana a per cent on the common stock
| payable July 10 to stockholders of
| record June 20. This is the sixth
/ Seml-annual dividend on both classes
/ Of stock.
ne corporation reports resources of
SZ,S0l ,04S.9l and surplus. discounts :
ana earnings of S462 .O62 "a as of NIay
81 last. The management reports il
{ mas recently sold it's second Offering
nI hfSt mortgage guaranteed bonds.
| rms issue of $4,000 met with such
| favor that it was sold out on the first
daF OHered to the public. Other such
bond issues are pending.
I Prlor to the directors meeting. tie
annual stockholders meeting was hold
/ ar the offices. 20 Jackson place. and
/ the following We're named officers and
/ directors for the coming year; l.. =
lreunlnger. president: Thomas Somer-
/ vile. wee president: r. l.. Neuhauser.
/ wee president: Anton Stephan, treas
urer. and w. r. Sickle. secretary. The
/ directors include Fred Drew. Hayden
/ Johnson, William Muehleisen. Donald
/ woodward, Charles A. Carry. T. G..
/ Dulin, Frank E. Edmonds. Andrew
/ Loefffer. Henry l.. Breuninger. Sol
Lansburgh. Horace G.. Smithy. Thomas
! Somerville, jr.: Edward c. Ernst and
Michael a. Weller.
RauI.S nocIora n;r;,la,,5e
The usual i per cent semi.annual
dividend was declared yesterday by
the director of the Bank of Ana
costa. Maurice Otterback, the presi
dent, announces that the bank also
declared an extra dividend of 8 pe,.
cent
The directors of the Farmers and
Mechanics National Bank at their
regular meeting in Georgetown yes
terday. declared the usual quarterly
dividend of SO per share, PAYABLE
July l, to stockholders of record at
the close of business on June %.
! There is a decidedly interesting con
trast in the difference in the ages of
/ these two prosperous banks. The
Anacostia Bank is one of the young
/ est banks in the Capital. while the
/ Farmers and Mechanics was or
/ gan1Zed on February IA, 1914, so that
II IS now more than 112 years old.
Union Trust Elects Director.
j. Harry Covington. former Chief
( Justice of the Supreme Court of the
/ District of Columbia. has been elected
a director in the Union Trust Co. to
/ fill the vacancy caused by the death
/ of Francis A. Richardson, it was an
nounced today by Edward j. Stell-
! wagen. the banks president
! Mr.. COVington is former member
of Congress from Eastern MARYLAND
and resigned from the bench several
/ years ago in order TO enter the private
| practice of law. He is a member OF
the firm Of Covington, Builing &
Rublee, which has offices in the Union
Trust Co. Building.
Investment Bankers Meet.
B. o. Harper of Crane. Paris & Co.
and Paul V. Keyser, Washington
counsel for the Investment Bankers
! Association. attended the annual out
/ ing Of the southeastern group at the
Green Spring Valley Hunt Club at
baltimore Wednesday. Alden Little.
the newly elected executive secretary
| OF the national associat tion, was pres
ent and made the only address. being
| introduced by Simeon Block of Balti.
more. the toastmaster. A luncheon
/ and golf In the afternoon preceded
the annual dinner in the evening.
Unlisted Securities Prices.
/ Following are the bid and asked
| prices of securities on the Washing.
ton Stock Exchange which are not
lsted under exchange rules: