Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-01-12
lLANSTON MONOTYPE is LEADER
IN TRADING ONLOCAL EXCHANGE
Washington Gas Light Out on Small Trans
actions and Only One Bond Sale Is
Recorded on Board.

dispatch from New York, directors or
the +. w. Woolworth Co. today au-
thorized a quarterly cash payment OF
$1.25 a share on the entire amount
of common stock outstanding, fnclud-
ing that recently issued as SO per
cent stock dividend. The previous
rate was 81 annually, SO that the new
basis is equal to $3.50 a share on the
old stock.
Extra dividends of 81 a share were
paid in 1926. The new rate author
lied today is % per cent larger than
both regular and extra payments in
1926.
The company's report Of earnings
for 1926 would be the best in It's
history, said II. 4. Parson, president.
Association Elects Officers.
At the twenty-third annual meet
ing of the Columbia Permanent Build
ing Association, Fred A. Smith, sec
rotary Of the Floyd T.. Davis Real Els
tate Co., was elected secretary of the
association to fill the vacancy caused
by the death of Clarence /. Gessford;
Melvin G. HaZen was reelected presi-
dent; William p. Richards, vice presi-
dent, and Floyd r. Davis, treasurer.
l.. Perry West was elected direc-
death of his brother, Henry p. West,
while Fred A. Smith takes the place
of the late Nathan Hazen. The direc-
tors reelected were Melvin G. HaZen,
Floyd e. Davis, William p. Richards
and Thomas Bones. G. Clinton James
is again attorney, while the trustees
are Earnest NJ Colvin and Walter
Davis.
DIR. Harvey w. Wiley, after more
than q months serious illness, was
able to resume his seat last evening
in the front row in Y. L. Booker
class in Investments at the local
Institute Of Banking. DIR. Wiley APP
peared to have fully recovered. lie
was given a rousipg reception by the
other students, who applauded the
veteran food expert to the echo.
The cordial greeting caused him to
make a few remarks, during which he
stated that he intends to take the
ANAL examinations, next Friday eve
ming. He said he had been greatly
disappointed to miss the class work
because Of his illness, adding that
while he had studied at home, he
found no comparison between that
and attending the classes and hearing
the lectures and discussions.
He closed his brief remarks by
stressing the Importance of personal
contact with the instructors at the
institute and regular attendance at
classes.
Examinations Coming Rapidly.
The final examinations in the class
in commercial law at the Institute OF
Banking took place last evening, being
conducted by Raymond 3. Dickey, the
instructor. Eliot III. Thomson's class
in banking fundamentals will have
final examinations tomorrow night
while +. j. Donohue's class in stand
ard economics will meet tonight to
prove to the instructor how much they
have learned during the first semester.
Y T.. BOoker's class in investments
meets for the same purpose Friday
night.
Representative Elected Bank Head.
AT the annual meeting of the board
of directors of the Second National
Bank of Atlantic City, n. j., Repre-
sentative Bacharach was elected presi-
dent of the bank, succeeding Lewis
Evans, deceased. The Second National
Bank was founded 40 years ago and
is recognized as one of the most sub
stantial and conservative financial in
stitutions in Atlantic City. Mr..
board Of directors for 26 years, and
has been vice president for the past
IA years.
Directors Elected for 1927.
AT the annual meeting of the stock
holders Of the Washington Title In
surance Co. the following directors
We're elected:
Arthur G. Bishop, Ernest l.. Smith,
William M. Hallam, George II. O'Con-
nor, William T. Galliher, Sidney T.
Thomas, Charles B. Gillet, William S.
Merrick, George +. Hane, Clarence +.
Norment, III. Glenn Phelps. 3. Francis
Saul, Fred Mckee, Lee Barroll and
John p. Winand
ROthschild Warns Investors.
Louis Rothschild. director of the
Better Business Bureau, warned
Washington investors in talk over
the radio last night of the many ways
in which efforts are being made by
crooked statesmen to obtain money.
He says the first thing to do is to find
out all about the Salesman before in
vestorS buy any stock from people
whom they do not know. His talk
was full of suggestions. He called
attention to the large amount of
money lost in Washington in the past,
oioWS TIC IlCSu vi great
ton in the future.
Underwriters Dine Tomorrow.
The District of Columbia Life I'm
derWriters' Association will begin the
new-year activities with a dinner to-
| morrow at the Raleigh at pm.
The speaker for the occasion will
be Representative Charles r. Eaton
of New Jersey, author of "The Great.
est Family in the World"