Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-02
LINOTYPE IS AGAIN '
LEADER IN MARKET
W. R. & E. Also Active in To-
days Trading on Dis
trict Stock Exchange. j.
BY EDWARD c. STONE.

| III EDN ARD Z. STONE.
| Washington Railway and Electric
preferred and Mergenthaler Iinotype
| made today's session of the local eY.
change a decidedly lively affair Dur
| ing the day 2s2 shares of Railway and
! Electric changed hands and $50 shares
| OF Mercy" were sold. The first sale
In Railway preferred was 100 shares
| at go; 10 sales totaling 169 shares
were then made at the same figure,
/ three more shares went an eighth Of
a point higher and the market closed
! With the stock selling at 90 for 10
(, shares.
| MergenthaIer opened at 106. frac-
| tional advance over the last sale of
! last week The stock then advanced
! to 1864 and closed strong with four
| sales totaling $50 shares at 1861
| Potomac Electric preferred sold to-
| day at los; two sales were recorded in
| Capital Traction at 1884 and Wash
| inGton Gas Light registered s9iz.
Prices were steady in the bond divi.
sion, Georgetown Gas as selling at par
and Washington Railway and Electric
| As at S2&.
North Americans Earnings.
| Net income Of the North American
! Co, after all preferred dividends and
| an allowance Of 10 per cent OF gross
| depreciation. of sf3224 S36. equivalent
! to So. 40 a share on common stock out
| standing June 80. 1925. are reported
| today for the year ended on that date.
| Gross earnings for the period were
| SlOI 800, 302. gain OF 29.4 per cent
over the preceding year. and net after
| preferred dividends but before depre-
| citation amounted 10 $24237e16. Be
| fore deduCting the depreciation allow
ance Of $1,000. 900, earnings were al
the rate OF s6.23 share on the COM
| mon stock outstanding June 80 last.
Figured on the basis Of the average
/ number Of shares outstanding during
| the year ended June 80, net after pre-
ferred dividends but before deprecia-
| tion was at the rate of s7.04 a share.
| while net after the dedcuation of de-
probation allowance was equal 10 s3s+
| a share on the average amount of out
| standing common. OF the increase
! amount Of common stock during the
| last IL months. nearly so per cent was
| issued for acquisition Of new proper
ties and the balance in payment Of
| dividends on common stock. The next
! income statement. as Of September 80,
| 1926. will he the first 10 give effect 70
| the full earnings OF the large prop
| critics acquired in the latter part Of
| 1926.
| The balance carried to surplus after
all dividends and deductions amounts
| to s9.597.6 SS. an increase Of over "a per
! cent, and the balance TO depreciation
| reserves and surplus after all divi-
| dends amounts TO S2n.610.529, an In
crease Of over 80 per cent.
Diaries Earnings for Six Months.
Stockholders of Southern Diaries.
| Inc. were today receiving the con-
solidated income statement for the six
49, I~I T,. Il -
sales of 1921 .49l and q net profit
before depreciation and taxes of
S73a .266.
The earnings for the first half Of
the present year have been most
gratifying" Edward 8. Perot. jr., SAYS
in his statement to stockholders. 'in
the face of season exceptionally un-
| favorable for the sale of ice cream
| throughout the territory served by
+! the company.
: The company has restricted its
| field of activity TO the Southeast part
| Of the country. but within this terri
| tory it has been able TO acquire units
! In different communities which round
out its manufacturing and distribut-
Ing organization In such manner as TO
place the company In a favorable
position for both economical operation
! and increased sales"
Personal Mention.
r. Golden Donaldson. president Of
the Commercial National Bank, re-
turned today from Hot Springs, Va.
where he passed the latter part Of
his vacation. He also visited Ash
vile, y. c., while away.
James II. Baden, vice president of
the Commercial National. has also re-
turned to the bank after a vacation,
I nf N-l1irf1 he Of
Point, Md. Frederick H. Cox. assist
ant cashier in the same hank, has
gone on a three-week vacation to
Manassas. Va.
Victor r. Deyher, president Of the
Second National Bank, with his
family, motored TO Staunton for the
week end. Some cloudbursts down
that way made travelling more diff.
cult than usual for motorists.
c. j. Gockeler, vice president Of
the District National Bank and sec
retary of the Washington Stock Ex-
change. passed the latter part OF the
he has a Summer home.
John NJ. Riordon, cashier of the
Bank of Commerce and Savings, has
returned from Atlantic City. where
he passed the latter part of his vaca-
ton.
Harry v. Haynes. president Of the
Farmers and Mechanics National
Bank in Georgetown. also is back on
the job from Atlantic City.
Financial Notes in Brief.
The United Drug Co., of which the
Liggett organization Is g. subsidiary,
in the six months ended June 80
earned $7.35 a. share on 353.793 shares
of common stock as compared with
S6.17 on 320,020 shares during the
first half of last year.
The United Cigar Stores Co. re-
ports net earnings after Federal taxes
! OF S3,712,617 for the six months ended
June 80. This figure compares with
net earnings of S2.s53.S60 for the
corresponding period in 1925, an in
crease of 80 per cent.