Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-05-15
PRICES ARE STEADY
ON D. c. EXCHANGE
Capital Traction Is Firm in
Small Turnover-Steam-
boat Co. Rights Traded.
BY EDWARD C. STONE.

Washington Stock Exchange today. In
small-lot trading in Capital Traction
the stock opened at 74ls and closed al
749s. Fifty shares changed hands.
Washington Railway g. Electric pre-
ferred sold at 99Hs, District National
Securities preferred at 81 and Mergen-
thaler Linotype at 1861 and 1861.
One hundred shares of National
Mortgage & Investment preferred came
out at AS and 40 shares of Real Estate
Mortgage g. Guaranty preferred moved
at Z.
The closing sale was in Norfolk &
Washington Steamboat Co. rights. In
light trading these rights, which have
recently attracted considerable atten-
ton, sold at 17A.
Bonds were neglected, $4,000 and $500
Capital Traction SIS selling at 9414 and
$1,000 Potomac Electric Power IS at
1884.
Snyder Heads Underwriters.
At the annual meeting of the board of
directors of the District of Columbia
Life Underwriters Association the fol-
lowing officers were elected for the COM
ing year:
President, John H. Snyder, Mutual
Benefit of New Jersey; vice president,
Paul D. Sleeper, Aetna Life Insurance
Co.; second vice president, Philip L.
tary, Alton c. Grinnell, New England
Mutual; treasurer, George B. Farquhar,
Penn Mutual Life.
; The directors include: H. D. Kraft,
John L. McElfresh, John F. Cremen, j.
Il McCombs and John P. Lynch.
The new president, John H. Snyder,
has been interested in the insurance
business for Is years. He is held In
high regard by all members of the in
surance fraternity in Washington. The
Underwriters Association looks forward
: to year of continued growth under his
leadership.
H. D. Kraft Is the retiring president.
Under his leadership the association has
enjoyed an unusually successful year.
Anacostia Bank Elects Officers.
The annual meeting of the stockhold-
ers of the Anacostia Bank was held yes
back in the chair Mr.. Otterback re-
ported that deposits in the bank have
increased $364,3 in the past five years
and resources have advanced $428, 846 In
the same period.
At the organization meeting all the
present officers and directors were re-
elected. They are: Mr.. Otterback,
president; S. A. Manuel, flrst vice
president; J. Frank Campbell, second
vice president; Charles w. Warden,
third vice president; w. L. Koontz,
cashier; Alfred w. Pohl, assistant CASH
Ter; George G. Gertmap. counsel. Di-
rectors are j. Frank Campbell, Charles
w. Warden, A. E. Guide, George S.
King, S. A. Manuel, Joseph j. Mundel,
Maurice Ctterback, L. w. Thompson,
Robert Thompson and James z. Toner.
The Anacostia Bank is celebrating its
twentieth anniversary this month, the
two decades having been marked by
steady growth and expansion and the
construction and occupancy Of a fine
bank building.
Lanston Given High Rating.
Lanston Monotypt stock is the sub
ject of q special analysis just sent out
by Standard Statistics, New York. The
stock, which Is very widely held locally,
Is considered reasonably priced on
earnings. which have shown an upward
tendency in recent years"
The review goes back to 1920 and
gives the earnings every year since
that time. The company has shown a
steady increase in net since 1925. While
the review does not say 50, the steady
increase in returns has been notable
from the time that j. Thilman Hen
drick became chairman of the board
Of directors.
The analysis calls attention to the
recent annual report showing s1438
for the fiscal year ended February %,
preceding IL months. The analysis
also notes the increasing Of the divi-
dend from s6 to 81 and the extra div-
dend of Is cents per share paid in each
OF the last two qaurters.
The company has no funded debt or
preferred stock outstanding, capitaliza-
ton being represented solely by 10000
shares of one class, 500 par. "It Is
dffficult to say what effect current BUSH
ness depression will have on the COM
pany's sales, but volume for the frst
i've months from October, 1929, through
February, 1880, was larger than In the
similar period the year before" the
Van Sweringen Holdings Grow.
The Van Sweringen Corporation Is
the third Van Sweringen holding COM
pany which has offered securities to
the public. Through ownership of 500,-
600 shares of Allegheny Corporation
common stock, the Van Sweringen Cor
poration Is tied In with its predecessors
the Chesapeake Corporation and the
Allegheny Corporation. A block of the
Allegheny common shares was included
IN the Van Sweringen Corporation col
cent notes to provide a backlog OF
readily marketable securities.
Securities possessed by the various
holding companies and railroad COM
panieS give the Van SweringenS major
titles in the common stocks of Chesa-
peake &c Ohio, Pere Marquette and
Missouri Pacific Railroad; practically
so per cent of the Nickel Plate common
stock and more than IS per cent Of the
common stocks Of Erie and Kansas City
Southern.
Heard in Financial District.
President Robert N. Harper of the
District National Bank is the guest OF
Col. Ernest Chilson at the Black Night
Country Club at Raleigh, w. Va. He
will be away the rest of the week anc
combine pleasure with business.
John B. Elliott, former Washing.
ton newspaper man, and now vice pres
ident and treasurer of the Jameson
Petroleum Co, Los Angeles, is q visitor
in the local financial district. He wa:
very active in politics during the vii.
son administration, and some Of hi.
nAeANo AioW orc urging uIu 70 Euu Aol
Governor of California.
The directors of Chevy Chase Dairy
Inc, have declared the regular quar-.
{ terly dividend Of IA per cent on tn,
preferred stock. The disbursement i.
payable June / on stock Of recore
May "a.
I Willis K. Clark, president Of tn,
Portland, Greg, Stock Exchange, wa.
in the city today, after attending tn,
Investment Bankers Association boarC
of governors meeting at White Sui
phur Springs, w. Va. He is vice pres
ident of that organization, as well al
vice president Of the George H. Bur
Co., a very old firm dealing in com