Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-10

George z. Fleming. idend of az per
cent was declared
In addition to the regular semi-annual
disbursement of ne per cent. Both
dividends are payable on october Is to
shareholders of record on September 80.
Following the directors meeting the
President, Robert E. Fleming. stated
that the continued growth of the bank
had resulted in earning of such sat-
tsfactory character as to justify the
declaration of the extra dividend at
this time He also mentioned gratify-
ing increase in deposits. Throughout
the long period of tight money the bank
has been most careful to take care of
the commercial needs of local patrons.
Today's Trading on Exchange.
Other transactions on the local stock
exchange today included the sale CT 60
shares of Mergenthaler Linotype at
10412, ex dividend, and 10 at 1043s. In
very light trading, Capital Traction
sold at 1884, Potomac Electric Power
st2 per cent preferred at 1865 and
Washington Railway & Electric pre-
ferred at 97l2.
Chevy Chase Dairy preferred sold at
107. Title & Insurance Co. of Maryland
common at 33. Peoples Drug Stores pre-
ferred, ex dividend, at 1T. Eighty shares
of Real Estate Mortgage g. Guaranty
preferred moved at 73s, 200 shares of
National Mortgage & Investment pre-
ferred registered Az. Sand & Gravel
sold at SO and Merchants Transfer &
Storage preferred at l07.
Bonds were neglected, Gas IS. series
B. and Washington Railway & Electric
Is recording sales at recent levels
Local Banker Going Abroad.
George E. Fleming, vice president
and one of the directors of the Union
Trust Co., leaves here tomorrow for a
two-month tour abroad. Mr.. Fleming
plans to spend most of his time in
Northern France. England and Scotland,
and probably will make short visit to
Ireland
Mr.. Fleming is one of the best known
bankers in Washington, and has been
with the Union Trust Co. for many
years in his present position. He is
former president of the District Bank
ers' Association, being one of those to
receive the gold insignia of the Office
which was presented to the ex-preSi-
dents at a special luncheon meeting at
the Willard last Spring.
Dry Goods Prospects Improve.
September opened with an accentua-
ton of the favorable prospects in the
the garment industry, says Dun's Re-
view. after-holiday developments were
of a constructive character, and the
labor trouble referred to is not expected
to be of prolonged duration. One of the
reassuring phases is the fact that pro-
duction' is not being rushed to anticipate
demands from consumers, and this is an
influence in the promotion of more
stable prices. Markets for textile raw
materials are either firm or have risen
and quotations on some fabrics also are
higher, but there is an absence of the
unsettlement that has prevailed on GER
tain other occasions. Many buyers
visited the principal centers of diStribu-
ton this week, with a view to providing
for forward needs, and retail activity in
Summer merchandise was again aided
by recurrence of hot weather over a
wide area. The season for such goods
has continued longer this year than
usual, strengthening the status of mer-
chants and adding to their confidence.
A. 1. b. Governors to Meet.
The board of governors of Wash
ington Chapter, American Institute OF
Banking. will be entertained on Satur-
day by Past President James A. Soper
at Galesville. Md. This will be the
regular monthly meeting of the board
as we'll and there will be present also
the chairmen of the several chapter
committees and final plans for the
opening of the Fall semester of the
educational courses will be discussed.
1t is expected that definite arrange
rnents will be made at the meeting Sat-
urday covering the annual open meet
ing of the chapter, which will be held
at the Willard Hotel on September i3
at which certificates will be presented
IN yxyl0n
year. At this meeting also there will
be presented the annual prizes awarded
by the chapter.
Dividend Checks Mailed.
The Security Finance Corp. has
Just completed its fourth year in busi-
ness and has mailed checks to stock
semi-annual dividend upon it's pre-
ferred stock at the rate of per cent
per annum.
The directors are Claude W. Owen,
president; M. o. Chance, vice presi-
dent; James B. Evans, vice president;
Gen. John L. Chamberlain, treasurer;
William Conradis secretary; A. H. Bre-
wood, Edwin E. Elicit, William C. Han
son, Edgra Morris and Frederick w.
Quinter.
Heard in Financial District.
Louis Rothschild, director of the
washington Better Business Bureau, is
on his way to Los Angeles to address
the national convention of the organiZa-
ton to be held there.
William Spaid, son of W. w. Spaid,
partner in w. B. Hibbs g. Co., left
Washington yesterday for Los Angeles,
where he will enter the law school of
the University of Southern California
Prices of commodities during the
week ending September z advanced
three-tenths of one per cent. according
to the wholesale price index of the
National Fertilizer Association. Mate
rial advances occurred inTats and oils,
beef, pork, cornmeal, wheat feeds, soft
coal and cottonseed meal. Significant
declines occurred in cattle, hogs, lambs
and sheep. Advances occurred in 80
items and declines in Ii