Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-12-26
YEAR-END DIVIDEND
PAYMENTS LARGE
Washington Firms Distribute
Generous Share of Earn
ingS to Stockholders.
BY EDWARD c. STONE.

LOCdl 1lNeStOTS are ABOUT 10 DC IlOOQ-
ed with dividend payments and enjoy
one of the largest harvests of this kind
the city has known.
A large percentage of the local banks
are paying regular and extra dividends
in the next few days and fully half
of the other local securities are taking
the same action. In addition to this
<everal local bonds are also due to make
Semi-annual interest payments.
Furthermore, the dividends which in
vestors will receive from local Securi-
ties are only comparatively small part
of the total they will get around the
first of the year, as host of the big
gest corporations in the country are to
make dividend payments in the next
few days. 1t has been stated in Wall
Street that interest and dividend dis
burSementS due at this time may run
as high as $4,000, 600, 900.
Exchange Lists Dividends.
Among the stocks listed on the To-
cal exchange soon to pay dividends are
American Telephone 81 Telegraph, Cap
ital Traction, Norfolk & Washington
Steamboat Co., National Capital Bank,
Commercial National, District National,
Federal-American, Liberty National,
Second National, Lincoln National, Con-
tinental Trust, National Bank Of Wash
ington, Merchants Bank & Trust Co,
Union Trust Co., Bank of Bethesda,
Bank of Commerce & Savings and Po-
tomac Savings.
other banks have voted dividends
which will be paid around the middle
of January The list also shows divi-
bends due from the Firemen's Insur-
ance Co. and the National Union In
surance Co., also from the Columbia
Title Insurance Co. and from the Real
Estate Insurance Co.
In the miscellaneous stock list divi-
dendS will be paid in few days on Co
lumbia Sand & Gravel preferred, Com
mercial National Co. preferred, District
National Securities preferred, Federal
American Co. common and preferred,
Lanston Monotype, Merchants Trans
fer & Storage preferred and common.
Mergenthaler Linotype pays divi-
dend soon, likewise Security Storage Co.
and the Carpet Corporation. Peoples
Drug Stores preferred paid a dividend
only last week. In the unlisted depart
ment number of local issues are also
helping to swell the year lend dividend
funds. In connection with the bank
dividends many extra checks are to 60
out with the regular disbursements.
Last Saturday Lanston voted a similar
surprise by voting an per cent return
on the stock.
Regular and Extra Declared.
The directors of the National Bank Of
Washington at the regular meeting
Tuesday declared the usual semi-annual
dividend of per cent and also voted an
extra disbursement of / per cent, both
payable January 2, 1880. to stockhold-
ers of record December 81.
Hnv sr sqv-k
10th year. The officials reported that
the past year has been highly prosper
Gus, and the directors proceeded to vote
a half months salary as an additional
Christmas compensation to all the en-
ployes of the institution.
Metropolitan Has Christmas Party.
The National Metropolitan Bank had
the usual Christmas party in the lobby
Tuesday afternoon, attended by all tbs
employees and officers of the bank. There
were several musical selections, but the
tree was the big event.
Charles l.. Taylor, who has PLAYED
santa Claus for the past IL years, ar
rived on time from the North and off,
ciated in a brilliant manner. Possibly
the best gift that Santa distributed was
the per cent Christmas bonus. Two !
or three depoSitors have formed the |
habit Of giving everybody in the bank |
a Christmas gift, so the IS employees
were remembered again this year.
1t is said that the Metropolitan was
the first bank in Washington to start
lobby Christmas parties. Each year they
have grown in enjoyment, and this was
the best one yet. President George w.
White was delighted with his gifts. as
were the messengers and the rest of the
stan.
Trading Quiet on d. C. Exchange.
Capital Traction sold at rs on the
Washington Stock Exchange today, this
ex-olvldeno quotation being the same
as the last sale.
Potomac Electric Power per cent
preferred came out at 1922 and the So
per cent issue registered 1041s, on light
sales.
Ten shares Of Riggs National sold at
$50 and three of American Security 81
Trust moved at 435. Columbia Ma
tional sold at 401 ex-dividend
Two bond sales were reported, 1000
washington Gas IS, series A, changing
hands at 102, and $500 series B Gas
bonds selling at 102.
Heard in Financial District.
q. Bowie Chapman, resident partner
of Hartman & Co, announces that the
brokerage firm presented all the en-
ployes with Christmas bonus Of Is
per cent of their years salaries.
w. w. Spaid, partner in W. B. Hibbs
d Co., has returned from several days
spent at Atlantic City, where he went
to rest
President Robert " Fleming of the
Riggs National Bank was on a duck
hunting trip today in Southern Mary
land, being the guest of H. Roster Du-
1any.
The District of Columbia Bankers
Association council of administration
meets tomorrow to settle on the next
pace of holding the annual convention.
=ne Color of Water.
glass of r,11rn mater urInaflnar q Ia