Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-19
NEW ISSUE LISTED
ON D. c. EXCHANGE
Definite Business Upturn
Noted = National Thrift
Week Being Observed.
BY EDWARD C. STONE.

The board of governors of the Wash
ington Stock Exchange yesterday a. ;eo
5000 shares of class A no par. non
voting cumulative Common stock OF
Emerson's Bromo-Seltzer. Inc. Trading
in the. newly listed issue will begin to-
morrow. The stock has already been
listed on the Baltimore Stock Exchange
and is being traded in in the unlisted
department of the New York Curb EX-
change. The total issue of the class
A stock was $4,000 shares, 1t being OIL
fered in October by the Century trust
Co. of Baltimore and Waggaman'
Brawner e. Co.. Inc, Of washington.
The company owns and controls not
only the Emerson Drug Co, manutac-
tuners of Bron,o- Settler. but also the
MARYLAND Glass Corporation, manutac-
turers of the blue bottles and other
standard glass containers. The glass
plant. located at Baltimore, has year.
iy output of 100000 bottles.
The officers of the corporation are:
Isaac E. Emerson. president and chair
man of the board; Phillip l. Heuisler,
vice president: Joseph F. Hindes, vice
president; Parker Cook. secretary; j.
Edmund Murray. treasurer, and F. G.
Mccormick. assistant secretary. These,
together with Mai. Ennalls Waggaman,
president of Waggaman, Brawner d
Co, Inc; w. w White, president of
the Citro Chemical Co.. a subsidiary CT
the Emmerson Drug Co., and M. E.
Amory of Boston, comprise the board
Of directors.
Quiet Week on Exchange Here.
Quiet trading yesterday wound up
business on the Washington Stock EX-
change for the week. Potomac Elec-
trio Power per cent preferred was
active in small lots. opening at 107,
advancing to 10712 and closing at 103.
The days turnover totaled 40 shares.
The corporations 5i2 per cent prefer
red sold at 1101a, and later at 108i2
Washington Railway e. Electric pre-
ferred figured in several small sales at
e4ie District National Securities pre-
ferred opened at 80 and closed at 90
on light sales and single share Of
Riggs National Bank stock changed
hands at 500.
Mergenthaler Linotype again sold at
1861 and Peoples Drug Stores pre-
ferred moved at 104. Carpet Corpora
ton sold at 1884 and 10 shares OF
Washington Medical Building Corpora
ton appeared on the board for the
first time in a good while, selling at
100. Another stock sale was in Wood
ward & Lothrop preferred. at lO7.
In the bond division, 81 900 Capital
Traction SIS sold at 1914 and Chesa-
peake g. Potomac Telephone of Vir-
ginia SIS sold at 90. The unlisted
stocks were called off and few changes
were noted in quotations. The highest
priced stock in this list is Anacostia
Bank. on which the bid is 325. Frank
lin National. bid 165, and Munsey
Trust, bid 160, come next.
Thrift Week Now in Progress.
sY-l,a annual ohearya,ce of Thrift
week started last Friday with National
Thrift day starting first on the pro-
gram. Yesterday was National Budget
day, in which every family in the
United States was urged to adopt some
kind of a budget in order to keep a
better line on expenses and bring
about economies wherever possible.
Today is National Share-With-O Others
day, having to do largely with sharing
the financial burdens of others and the
Is helping of worthy charities so far as
possible. Sunday is always the day set
for this discussion as many ministers
make reference to 1t from their pulpits.
Tomorrow is National Make-aWill
day, which is followed Tuesday by Ma
tional Own-Your- Home day. This is
followed by National Life Insurance
day on Wednesday and the big Thrift
week program winds up Thursday with
National Sate-Investment day. To the
banks. probably thrift, budget and in
vestment days are the most important,
but each of the seven days is considered
of vital Importance to everybody every
where
Checks Go 10 469, 900 Investors.
The 161st dividend of the American
Telephone g. Telegraph Co. was dis
tributed last week to more than 469,-
600 stockholders This is the largest
number of shareholders of any corpora
ton in the world and represents a
relatively large increase of $4,000 over
the previous quarter. Shares are held
in every State of the United States and
in more than so foreign countries.
The average number of shares held
by stockholders decreased to 1872 from
300 as of the September. 1929 record
date. Holders of five shares or less in
creased more than per cent during
the quarter. and holders .of to 10
shares, inclusive, increa 5ed almost
per cent. Shares held in brokers'
names declined more than IS per cent
for the quarter.
AS of the current record date, almost
three-fifths of the stockholders owned
10 shares or less, and approximately
four-fifths of the total held IS shares
or less.
Definite Business Upturn.
There is fairly definite evidence of an
upturn in business activity in the
records for the first two weeks of
January says The Business Week IN
its report covering the week ending
January 18.
Steel production has risen somewhat
abruptly. building contract awards are
distinctly larger. coal production is
running high: non-bulk car loadings
have made fairly good first-week up
turn: and business transactions by
check outside the stock-trading cities
shot up astonishing.y for the first week
of the year. higher than for any week
in 1929, and Z per cent above last year
at this time.
1t is. of course, too early to say that
these few statistical swallows insure an
early Summer. and it is likewise too
soon to forecast the probable time when
a sustained upward movement will be-
gin. But sufficient evidence is now
visible to assert that general buying
power was not so greatly hurt by the
market crash as has been supposed
that the recession following the boom
expansion of the first half of 1929 has
probably gone as far as it will CO. and
that renewed buying activity is begin
ming to get under way.
Riggs Bank Branch Managers.
The following officials will be in
charge Of the Riggs National Bank
branches during the coming year:
Farmers and Mechanics-Harry l.
Selby, assistant cashier and manaEc,
Harold W. Burnside, assistant cashier
and assistant manager.
Park Road-Carl H. Donch, assistant
cashier and manager; Joseph A. Keene
assistant manager
Northwest-Gregg C. Burns, assistant
cashier and manager; Charles G. Hub.
bard, assistant manager.
Dupont Circle-Ralph r. De PREF, as
sistant cashier and manager; Louis e