Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-22

127 asked. Sand -.az
g. Gravel preferred Lanier p. McLaehlen.
moved at S8, Com
noercial National Co. at 103 and Fed
eral-American Co. preferred at l0l a.
The common changed hands tooay W
the extent Of SO snsrss al 81.
Merchants Transfer g. Storage COM
mon opened at 1T and closed "a OF
point higher, sales totaling 80 shares
Mergenthaler Linotype figured IN two
small sales at los and 1047s. Fifteen
shares of Terminal Refrigerating 81
Warehousing Corporation sold at 50s4
and 100 shares of Real Estate Mortgage
& Guarantee preferred changed hanos
at 72s. 5000
at eS. Union Trust stock at 335 ana
BARBER e. Ross common at 1872. Ten
shares of Raleigh Hotel Co. stock sold
in the unlisted department at rs.
washington Railway & Electric As led
activity in the bond division with
$4,000 transfer at 86A. The rest OF
the bond trading was in the gas issues.
McLachlen Bank Changes Finished.
Changes in progress in the main ONCE
of the McLachlen Banking Corporatlon,
Tenth and G streets, made necessary
by steadily expanding business, have
been completed, business now being car
RED on in greatly enlarged quarters.
Included in the plan of expansion is
a large vault of latest design equipped
with modern safety appliances. This
great steel depository is placed IN q
specially constructed compartment just
off the main banking room. A new book
vault has, also, been constructed and
entirely new quarters provided Tor the
bookkeeping department.
: Coupon booths for the safe deposit
department are completely new and de-
signed to include the most modern nix
lures in lighting and locks. A passage
ornamented with a bronze grill connects
the new addition to the older portion OF
the bank which contains the main busl-
ness counters, quarters for the officers
and convenient desks for the use OF
customers The space formerly occupied
by the bank vault Is now equipped with
counters finished in marble, bronze and
glass. The addition includes confer
ence room and the entire bank Is pro-
vided with marble floor and wainscoat-
ing with new electric lighting fixtures
of artistic design, harmonizing with the
bronze counter fixtures.
Officers and directors of the McLach-
len Corporation are: Lanier p. Nc
Lachlen, president; Firman r. Horner,
vice president; John A. Massie.. vice
president and treasurer; Archibald Nc
Lachlen secretary and assistant treas
urer; Guy D. Cowl assistant treasurer,
and e. I.W. Goldney. auditor. Direc-
tors: Firnan r. Horner, Col. John Nc
Elroy, Thomas r. Harvey, John A..
Massie, Archibald McLachlen, James A.
Watson Edwin H. Etz, DR.. Lee c. Cor
bett, Lanier P. McLAchlen, Henry E.
Bittinger, George Miller and William
3. Kerkan1.
B. e. o. Earns $12.43 Per Share.
The Baltimore & Ohio Railroad Co.
has issued its pamphlet report for year
were s1,o49, S75 ,003, compared with
SLOT ,548,240 on December 81, 1927,
and profit and loss surplus of $76,617,-
SAT, against 1885, Current assets
were $57,184,712 and current liabilities
$28514869, contrasted with $91 81 8 $50
and $63,441,1 1923, respectively, at end Of
previous year.
Income account. which has already
been published, shows net income Of
S29, 100,930 after taxes and charges
equivalent, after 4 per cent preferred
dividends, to $12.43 share earned on
2,151,S78 shares of common stock. This
compares with 22,633, 345, or $942 a
share, on common stock outstanding at
end of 1927.
After payment Of common dividends
there was carried to profit and loss
81
surplus $103905, 106. The total revenue
from rail operations in the year was
$236,8l8,631. decrease of S9,263,3
the report shows. There was a decrease
In operating expenses of $13,620,194 to
$172,550, 1868. The recorded investment
in property owned by the company and
held for or used in the service of trans
portatton. was 1859, 468, 135 on December
81, 1928, an increase over the previous
year Of $9,582,S29.
An Interesting Stock Record.
The investor who bought 100 shares
OF American Telephone g. TELEGRAPH in
December, 1908, at cost of $4,000
would have today 483 shares worth, at
the market. about 100000, provided In
the meantime he had reinvested
dividends and exercised rights. This is
one OF the hlghlights in an analysis Of
the company just prepared by the
Brookmire Economic Service.
Over period of 10 years the yield on
this stock has averaged over per cent,
taking in the cash value of the rights.
Over a period of years also American
Telephone stock has shown a rate of
appreciation of better than 10 per cent
a year compromising each successive
year.
Including all equity American Tele-
phone should earn fully SIG a share on
the stock in 1929.
Heard In Financial District.
The American Fire Insurance Co. of
the District of Columbia has declared
the usual semi-annual dividend of per
cent, PAYABLE August l, to stock OF
The National Savings & Trust Co. s
regular quarterly dividend Of 3 per cent
Is payable on August to shareholders
Of record July 20.
George o. vass, vice president and
cashier Of the Riggs National Bank, Is
passing his vacation on the golf links
in and around Washington and al
nearby resorts, where the fishing Il
good.
Edward L. Hillyer, vice president Of
the Union Trust Co. and also Of thu
Washington Stock Exchange, Is now al
Southwest Harbor, near Harbor, Me
The combination of lake, mountain and
ocean air, is helping him to gain rapidly
In health.
L. w. Todd, manager of the Wash.
ington Office Of Hartman q Co., Il
away on a vacation Of four or fivt
weeks, which he Is passing in Canada
Robert N. Harper, president OF the
District National Bank, spent the weel
end at his estate In Leesburg. His fam
Gus bass pond Is said to be in extrt
1ine condition.
: Bank clearings for the country, q,
a whole, were "a per cent ahead of las
week of the corresponding week q yea
ago. Atlanta made the best showing II
the South, reporting gain Of IS pc
cent.
Alexander Brown q Sons are partici
pating in an offering Of convertible pre-
1erred stock OF Sharp g. Dohme, manu-
facturers and distributors Of drugs an.
medicines.