Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-09

Inc directors Oh GIe OOuLIlSIu bdll It's
Co. today declared dividend of 37l5
cents per share on the class A stock.
This quarterly payment places the stock
on an annual 81 so basis. The disburSe-
ment is payable on December 81 to
shareholders of record December 20.
This dividend declaration has been
awaited for long time and todays
action will be highly gratifying to local
stockholders The B stock is still out
side of the dividend column.
Southern Diaries A closed Saturday
on the New York Stock Exchange at %
after opening at 20. The low for the
year is 20 and the high SOS. Southern
Diaries B closed at Saturday. The
high for the year is 1875 and the
low 2l2.
Owing to the close connection be-
tween Southern Diaries and Chaplin
Sacks it is logical to expect that Chaplin
Sacks will make another excellent report
at the end of the present year.
Swift g. Co. to Split Stock.
Swift & Co. has sent letter to local
stockholders outlining a proposed plan
to split the stock by changing the pres
ent par value from 500 per share to S25
per share, leaving the company's CAPT.
talization at $50, 100000.
The purpose of the change is to make
the stock more within the reach of the
small investor, including the company s
customers and employees. The vote on
changing the par value of the stock
will take place at Chicago on January 9.
The directors state that a dividend of
so cents per share will be paid quarterly
on the new stock. This is equivalent to
the present dividend of So share quar-
terly.
Christmas LulI in Market.
A Christmas holiday lull seemed to
have engulfed the Washington Stock
Market today. as business was very
quiet.
Capital Traction opened the trading
with 10-share sale at 75l2. Ten
more shares then changed hands at
754. Potomac Electric Power 5la per
cent preferred registered 104 on the
sale of single share.
Two hundred and fifty shares of Ma
tional Mortgage & Investment preferred
sold at 35s, and Peoples Drug Stores
preferred, which gained 5 points last
week on the report of steady gains in
sales, opened the week with 10 shares
selling at 108, ex-dividend. The stock
closed with 107 bid and Ill asked.
Two bank stocks appeared on the
board. Three shares of Union Trust
Co. came out at $273, and 10 shares OF
Washington Loan &c Trust at $500.
In the bond division Washington Gas
BIS sold in 500 denominations at 102,
and $1,000 Capital Traction SIS appeared
On the board at 91A.
Cleaned in Financial District.
Safeway Stores, affiliated with the
Sanitary Grocery and Piggy Wiggly
stores IN this city, reports November
sales Of sl9,867,3 44, increase 1865 per
cent over November, 1928; IL months
$l9l, ,535, increase 1922 per cent.
J. G. Penney November sales S24,-
405,975, increase 26.4 per cent over No
vember, 1928; IL months $108, 087 ,463
increase 1913 per cent.
November cigarette internal revenue
collections S27 ,6l3. against S25,956,-
36l in November, 1923, according to
Tobacco Merchants Association.
The American Business Review, New
York, recently contained a reference 20
the Franklin National Bank of this city
making special mention of John B.
Cochran, the president. and Thomas
p. Hickman, vice president.
The death of William Peter Hamil-
ton, editor of the Wall Street Journal
was carried on the ticker this morn
ing. Only about two months ago Mr.
Hamilton addressed the Washington
Bond Club, taking the New York stock
market as his subject.