Evening star., 1929-12-19

maintenance: Ar Daniel willard.
chibald Fries, vice
president in charge of traffic and COM
mercial development; H. B. Voorhees,,
vice president and executive at Chica-
go: George F. May, secretary; E. M.
DevereuX, treasurer; j. j. Cornwel, gen.
eral counsel.
The dividends declared are payable
next March l to stockholders of record
at the close of business on January 18.
Second National Votes Extra.
Directors of the Second National
Bank yesterday afternoon declared the
regular semi-annual dividend of per
cent and an extra disbursement of IL
per cent, both dividends being payable
on January l to stockholders of record
December "a. The president, Victor B.
Deyber, reported that the bank had en-
joyed an excellent year and the board
thereupon voted the usual Christmas
bonus for the employees.
Metropolitan Also Declares Extra.
The directors of the National Met
ropolitan Bank also met yesterday aft
ernoon and declared the usual extra
dividend of per cent, according to an
nouncement today by the president,
George w. White. The directors of this
bank also caught the spirit of the holi-
day season and voted the usual Christ
mas bonus for all the employees. The
extra dividend is payable on January
/, the books to be closed from Decem-
Der % to December 81, inclusive.
Stock Dividend Declared.
The board of directors of the Diplo-
mat Coffee Co. has declared the regu-
lar dividend on the preferred stock at
the rate of per cent per annum.
n ItNyi6 ~ 1
per cent payable in common stock upon
the common stock of the corporation,
both payable to stockholders OF record
at the close of business on December 70.
Checks and stock will be mailed as
soon as possible after this date. The
transfer books will be closed from De-
cember 20 to January l.
Company Plans S1,5OO,OOO Outlay.
President Charles C. Small of the
American Ice Co. announced today that
the company will expend over 81, 100000
during the Winter and Spring in new
plant construction. The most 1mpor-
tsnt of the projects will be three new
manufacturing plants. One OF these
will be located in East Boston; a second
in Philadelphia. and third is already
under construction in New York CITY,
being built for the Knickerbocker Ice
Co, the companys New York subsidiary.
American Ice now operates chain
Of over 80 plants in the larger cities
along the Atlantic Seaboard, including
Washington.
Stock Brokers' Views Differ.
Market letters from New York brok-
erage houses show marked differences
of opinion on the outlook for the rest
of December and early in 1880. Some
are very bearish, predicting no advance
until into January or perhaps February.
Others are more cheerful. The latest
letter from F. B. Keech & Co., OF which
George A. Garrett, is resident partner,
says:
Prophets of gloom are not likely to
get a large following, particularly as
they have arrayed against them the
President of the United States, the
business men Of the country and the
banking interests. Fortunately for the
public at large. transactions for the de-
cline involve short selling. and, accord
ing to the we'll known history Of Wall
Street, the bears are never successful
for any length of time, and the creation
of a short interest will be found to be
a stabilizing influence"
Local Securities Quiet Today.
Capital Traction sold ex dividend at
rs to the extent of 20 shares on the
was the first sale since the dividend
rate was cut to per cent.
Potomac Electric Power 6 per cent
preferred sold at 1094 and the 5l2 per
cent issue at los. Commercial National
Co. preferred came out at 101H, Sc
curity Storage at 1l6 and Mergenthaler
at 107.
Trading in bonds was confined to
Washington Gas issues and to Capital
Traction SIS, with no important price
changes.
Laundry Officials Reelected.
All officers and directors of the Lib
erty Laundry Co. of the District of CO.
lumbia were reelected at the annual
meeting of stockholders held yesterday
in the Union Trust Building. They are
James B. Lambie, president; William J.
Flather, vice president; Edward l.. Hill
yer, secretary and treasurer William L.
Miller, assistant secretary and assistant
treasurer. Besides the foregoing, Frank
c. Henry, Frank S. Hight and L. Lee
Combs are also directors. The company
declared the usual quartely dividend Of
1l2 per cent.
Cleaned in Financial District.
Local holders of Packard Motor car
stock have been specializing about the
dividend for the coming year. The di-
rectors declared a dividend of 25 cents
per share in Detroit yesterday, payable
March II to stock of record February
Is. The 81 rate makes the present
yield on the stock better than per
cent
Asheville, N c. is being given serious
consideration as the place for the next
convention of the District Bankers
Association. General Chairman George
o. Vass is obtaining full information
for presentation to the council which
decides the matter. Another conven-
ton has the dates at White Sulphur
so that Hot Springs is the only other
place now on the list.
w. w. Spaid of w B. Hibbs & Co.
is in New York today attending a
meeting Of out-of-toWn members of the
New York Stock Exchange.
John Poole, president of the Federal
American National Bank. left last night
for Richmond to attend a meeting OF
the board Of the fifth Federal Reserve
district, of which he Is an advisory
member.
j. William Roberts, now with E. H
Rollins & Sons, is happy over the ar
rival of an eight-pound son in his
home Mr.. Roberts was until recently
manager of the K street branch of tht
Security Savings &S Commercial Bank
Mackubin, Goodrich & Co. announce
100000 issue of Houston Natura
Gas Corporation first mortgage collal.
eral per cent gold bonds.
POTATO MARKET.