Evening star., 1926-03-23
CAPITAL TRACTION
STOCK TAKES DROP
Loses Two Points in Active
Trading on Washington
Exchange.
BY EDWARD c. STONE.

by EDWARD c. STONE.
Trading on the Washington Stock
Exchange today was unusually inter-
esting, stocks and bonds sharing ahor,,
equally in the days activities. CapitaI
Traction came down to iO7. three
points under its recent trading levot
and two points off from it's close We.
terday.
The other most important change
was in Mergenthaler I.inotype. whitir
climbed to 210. Market observers sii-.
SeSted that the drop iu Capital Tr,.,
ton was probably due to the con-
panyS recent report showing loss ii
passenger traffic. and that the rise iu
Merganthaler was at least partially due
to the cOmpany's present earnings
which are UNDERSTAND To be excellct
The next meeting of the directors ~
the linotype company does not conc
until May.
Mereenthaler opened at 2O9 on tvu
sales of fifteen shares. The high poinf
for the day was reached on one sale a.
five shares. Capital fractions loss O.
ground was made on only ono sale ~
Il ten-share lot. after an earlier trans
action At 107i4. Potomac Electris
Power preferred interim certificates
were out at 1861. Continental TrU-t
stock sold at par and WashinGtot
Railway and Electric preferred open"a
at 80 and advanced to 90i4.
In the bond division Capital IT,,
tion 5S brought 99ia and closed u
9924; Chesapeake and Potomac Te.,
phone IS came out at par; Potone.
Electric Cons. changed hands at -
Siddons Makes Address.
Frederick r. ". Siddons addressed
the members Of the Washington A.
sociation of Credit Men at the reg
ular weekly forum held last night IN
the headquarters in the Colorado
Building.
Mr.. Siddons explained how cloSel
cooperation could be brought abou1
between credit men and the banks
and urged closer attention to requests
sent out by the banks for information
on credit matters. He pointed Out
many other ways by which mutual
benefits can be obtained
The lecture was one of a Series
which is being held to arouse NOR
interest among the city's credit men
and thereby expand the association
membership.
Savage Returns From South.
Francis NJ. Savage. president of the
Central Savings Bank, has returned
to Washington from months yaC.t
ton at Pinehurst. y. c..
Mr.. Savage made many inquire
regarding business conditions in tn.
South and sees nothing but prosperit,
Tor long time in the future. ~.
expects heavy cotton and tobaCc.,
crops on this season to keep busine<-
on a sound basis.
He was back at his desk today ani
reports that the new bank has 7.79>
savings accounts. He has not y,.
completed his novel.
Chapin-Sacks Meeting soon.
The board of Directors of Chap.l
Sacks Company will meet next Frida-
afternoon. according 70 notices ser
out today. 1t is understood in th..
local financial district that the earn
ings of the company so far this yea.
are ahead of the earnings during tn.
corresponding period last year.
reference to Chapin-Sacks calls H.
mind that its prOteSe. the SOuther,.
Diaries Corporation, now has an 81.
plication pending before the New Yori.
Stock Exchange for the listing q.
10000 shares of class A stock with
out par value but with voting rights
Another application of special loc,,!
interest is the petition of the Mort
American Company for the listing o.
the new York Exchange of S946 ora
additional common stock. $40 par.
Deyber to Speak Over Radio.
Charles ID. Boyer announced TODAY
1 Victor
the Second National Bank. will give
the next educational talk over th.
radio IN connection with the Amer
IAN Bankers Association educatiul
al campaign in this section of tr..
country.
Mr.. Deyber will discuss "A Sou.,l.
Deal for the Pay Envelope" and wi
80 on the air Friday evening at 6.1u
Notice should be taken that the time
is earlier in the evening than the
other addresses have been broadcas'
Regular Dividend Declared.
The board of directors of the Anne
lean Security X Trust 60. declares
the regular quarterly dividend of =;
per cent at meeting held vesterda
afternoon. This dividend is payahi..
On April 10 to stockholders of recur,j
on March 81.
ton reported today a net income ,.l
S6,416.931 for 1925 before Federal
taxes. equalled after preferred div
dends to Sl4.l0 per share on the COT.
mon stock compared with Si.341.6l5 il,
1924. before Federal taxes, OF $l0.57
Il share
The volume of car loadings on tn,
Baltimore and Ohio Railroad in Feb
ruary would indicate an increase o.
from 10 to - per cent in gross re,
enues. Present indications are thai
traffic in 1926 as a Whole will exceet
last year. Ordinarily the larger Wi
ume of the company's traffic come
in the second half of the year.
Essay Contest Plans Announced.
Francis G. addison. president E"
the District Bankers Association
has announced the plans for the IN,
nual ESSAY contest for students ~
tending the Washington Chaptc,
American Institute of Banking. Tn.
subject this year will he "SugGeS
tions for Improving Systems AMI
Practices in Any Department of {;
Bank or Trust Company. The pa
pers were limited to 1000 words las!
year and similar rules may he adopt
ed again this year.
Interest in this yearly contest j.
growing steadily. Last years sui
ject was Opportunities for Employe~
to Gain New Business and Great"
Goodwill" and there was more com
petition than any other year had
seen.
incidentally Mr.. Addison report
much more interest i'm all the work q.
the institute this year Requirement
for certificates are much more rigid
Students now are required to spend Il
hour and IL half in the classroom twic'
Il hc.Ii 1.-oCl