Evening star., 1928-06-15

= 6-point advance
-'.,ce the last sale. Capital Tractor
sd lower today. 10 shares going al
in75s and Is at 107i@.
Peoples Drug Store preferred sold ex'
r. idend at i0934 and l09l2. One hum
cy-d shares of National Mortgage 81 In
rcssment preferred moved at g. the
n'rhest price in many months Po'
--,ac Electric Power ST. per cent pre-
,,rad came out at I07lA. Commercial
-a.ional Company preferred registered
~, and 20 shares of Washington Gas
.to~k changed hands at 95i2.
Two other bank stocks appeared on
~, board. a small lot of Federal -Aaleri.
~ National coming out at 3S8 ano
'~,,r shares of National metropolitan. al
~ There were very few changes DUR
- the week in the unlisted depart
4cnt
Local Banks Declare Dividends.
The directors of the Farmers d. Me-
hauics National Bank. at meeune
.,.Id yesterday. declared the quarterly
r-;--idend of So per share. payable July
10 stockholders of record at the close
IL business on June II.
AT meeting of the board OF direc-
-ors of the Security Savings g. Com
,ercial Bank, on Wednesday. the quar-
rly dividend of per cent was voted
ne dividend is payable on June so 70
s-,~reholders of record June Is. Inc
s.rectors of the Anacostia Bank yesIer-
~ declared the semi per cent
: Tidend due at this time. lt Is payaDsse
~ June 80. Maurice Otteroack. pIssls.
F-rt Of this bank, has Just reacneu
t-,re from the convention, having
,nned on II Brooklyn TO VISIT ms
, a-other
Arranging for A. l. d. Delegation.
tar,es A. Soper, recently elected
--erident of Washington Chapter,
-1erican Institute of Banking, WIN go
), Phflndelpfaia ahead of the local oele-
i'm and arrange for the hotel ana
her accommodations in connection
i'm the national convention. The local
-laoates are looking forward to great
sit in the Quaker City. They are en-
led 10 about 80 seats and are showing
tense interest in placing I. Hunton
.itll. past president Of the Local. cnap:
.eY. on the council Of administrator u
s',s national organization. 49,.
Mr.. Soper. who has just taken lls =
'~lu In the place OF I. J. RoDerIs, =
,,shier Of the Lincoln National Bank.
Hanson on Finance Board.
william C. Hanson. vice president q
- 3. @. SchafeT Co. has been electeo
3, .hs board OF the Security Finance
f,arnnratior Of this city. Mr.. Hanson =
80 director of the National Association
~ credit Men and was recently re-
,9.cted president Of the National Plpe
sr1 Supplies Association.
THE Security Finance Corporation y
srraQed in the business OF purchasing
noes given in payment for repairs ~.
~-atiors and improvements on Iedi
ssate.
y-w Coal Rates Delayed on b. q y.
The Baltimore g. Ohio Railroad for
,fa coal mines located in its northern
y ritory viii not receive the fun ~ cents
aer ton reduction In lake cargo rates,
-e~.ctlve June 10. as the Pennsylvania,
s4w YORK Central and other systems
y~eensiy approved by the Interstate
C~mnnerce Commission.
Tf1e baltimore a. Ohio failed TO fEl-
errnorate in It's application the fuil
s,vaount Of the reductions which tne
. 1aer roads allowed and the commission
RS refused 70 permit the line % waive
rs usual 30-day requirement foF put
vfrax new rates into effect when u mace
- effort 10 revise their scnedules y
- respond with those Of the other
rrads The REDUCTION. however, on the
"a Of the Baltimore ~ Ohio is expect
ses % be placed into effect later.
The new reduction also win BE de-
r ed month for mines on Western
frsryiand Pittsburgh and West Virginia
sa5 the Bessemcr and Lake Erie rail-
rGz1s.
Heard In financial District.
The District Of Columbia Conference
~ Bank Auditors and Controllers had
reSt interesting meeting last evening
A. the University Club. with J. Damn
oer presiding. The last meeting Of
9 season viii be held on June %.
adney r. Thomas and Carroll Morgan
- pushing plans for the outing Of fhs
'ggnlngt0Y Bond Club, 10 take placs
viii BE- the first affair NJ the kind
f9ce the organization was started
tree ycsrs ago.
Cos. Roy A. Young Of the Fedora
rsB@rye Board has Jeff Washington fol
chixsn. where he will pass his yaca.
fien He expects 10 remain away from
t.fe Capital for three Or fOuf weeks,
TDe International Telephone ~ Tele'
r~sph co. has declared the regular
fiisrtefy dividend on common stock
nsysbie July 10 ~ stock of record
June ~.
The Star is publishing the CLOSING
quotations On the Baltimore Stock Tx
fSRznRe every evening IN the 6.5i
edition, There are large number d
baltimore security holders In this cit,
sEE the number ls growing steadily.
The FepoFt VI Kraft-Pbenix Cbees'
ca, including subsidiary c0fnpanie
s'flose common stock waG 100 per- cen
gwnec a. March ~ 1919. foT the frs
quarter ~ 1919 sigows profit after ez
psESes. interest and dividends 0i
preferred stock, excluding equity 0
<fsft Cheese CO of Illinois " A2S02l,
before FeneFsl tsZeS. E1ock OaJtsizn6inI
amounted " 493. .22s shares, pa
BsItif a15
4