Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-19
NEW STOCK LISTED
ON EXCHANGE HERE.
Washington Mechanics Mort
gage Co. Common to Be
Dealt In Locally.
BY EDWARD C. STONE.

Following the regular trading ses-
sion OF the Washington Stock Elk.
change yesterday the board of gov
errors met and voted to list another
local security on the exchange-the
common stock of the Washington Me
chanics Mortgage Co.
The company has an authorized
capital OF $1,000 900, which includes
$4,000 shares OF common stock having
par value OF $40 per share. and 325, 900
shares of preferred. par value $50 1t
was voted to list the outstanding
1888 shares OF common on the board.
trading in the issue being permitted
tomorrow.
The mortgage company was organ
lied last April. being sponsored large
~ by the officers and directors of the
Washington Mechanics Savings Bank,
which has headquarters at Eighth and
@ streets southeast. Ezra Gould, who
is president OF the bank, is also head
OF the mortgage company. The other
officers include r. II. Bagby, vice
president; Thomas J. Groom, score.
tary-treasurer; M. II. Buckingham,
assistant secretary.
Among the directors. in addition to
the president, vice president. and sec.
retary-treasurer are George Hayes. G..
X. Happier. G. II. Kindle. l.. II. Lamb.
J. Il. K. Lee. Guy Mason, A. S. Offutt,
William N. Hayne, tr., Il. f. Pickford,
q. B. Pitts, j. c. Pyles, Edwin r. Rob.
erts, Hubert y. Roberts, L. II. Tai.
bert, j. 2. +. White and E. S. Wolfe.
Trading Quiet on Exchange.
There were only seven transactions
on the local exchange yesterday.
twenty shares Of Merchants Transfer
q Storage preferred sold at 1O3X.
After call Washington Railway & Elec.
trio common changed hands at 1771b
while Washington Gas Light sold at
IN. Seven shares of Lanston regis.
tered "a. On the bond side Washing.
ton Gas 5s sold at 1907 and a baby
bond of the same company 6s at 1919
Peak Auto Records Forecast.
The year which is nearing a close
gives evidence of being the greatest
IN the history Of the automobile in
dustry. The output Is ahead of that
or l925-a record year-and sales
nave also shown an increase, but
profits have not been so great In
some instances. Price reductions on
cars early in the year diminished net
profits. The biggest gains in pro-
duct1on have been In the truck and
passenger bus divisions.
Mellon Sees Satisfactory 1927.
Credit throughout the country
seems to be ample" says Secretary
Mellon. IAN indication of this is
the ease with which $16,O0O,0 900 has
been recently raised through private
subscription for marketing corpora =
tions to handle the situation arising
out OF the large cotton crop. Money
for investment is plentiful, and 1t is
most encouraging to note the extent
of security investments represented
by the small investor. On the whole
1t seems to me our domestic situa-
ton is in good shape, and we can
look forward to another satisfactory
year"
Thrift Week I'm January.
The tenth annual nationwide eco
nomic audit of personal and family
financial methods is again scheduled
for the attention of the American
people in connection with the OBJ
seryance of National Thrift Week
beginning January II, Benjamin
Franklin's birthday
The executive council of the Amer
lean Bankers Association will hold
its annual Spring meeting at the
Arlington Hotel. Hot Springs, Ark
the week of May 1.