Evening star., 1930-12-12

bonuses voted Tor ~ M & 8
employees.
At the last mset- Merle Thorpe.
ing of the directors
of the Continental Trust Co.. dividend
of IL per cent was declared which is
PAYABLE December 81, to stockholders
Of record on December 26.
Directors of the Security Savings q
Commercial Bank have declared the
regular quarterly dividend OF per cent,
also an extra dividend of l psr cent,
both payable December 81, TO stock
holders of record as OF the close OF
business December 26.
At the same mesting it was voted TO
pay all the officers and employees OF
the bank additional compensation OF .
per cent of their annual salaries, this
being in line with Christmas bonus
action already taken by several other
local banks.
Other Local Dividends.
The Real Estate Mortgage & Guar
anty CORPORATION has declared the semi
annual dividend of per cent on the
preferred stock, payable December 81,
to stock Of record December 20.
The Real Estate Title 6 Insurance
Co. has declared the, usual semi-annual
dividend of per cent and the usual
extra dividend of 2 per cent, the per
cent disbursement being payable on
December 81 to stockholders of record
on that date.
Another dividend just voted was de-
clared by the directors of the National
Metropolitan Bank-an extra disburse-
ment of 2 per cent, payable January i
on stock of record December %.
Directors Of the Federal-American
Co. yesterday declared the regular divi-
dend of $3.50 a share on the preferred
stock, a regular dividend of 80 cents
share on the common and an extra div
idend of 80 cents a share on the COM
mon The last is payable December
~, and the first two on January l.
General Baking Corporation has de-
clared dividend Of rs cents on the
preferred stock, payable January to
stock of record December 1S.
Bromo seltzer Dividends Voted.
At q meeting of the board Of di-
rectors Of Emerson's Bromo Seltzer,
Inc. held recently, the regular quarter
" dividend Of so cents per share was
declared ON the preferred, Glass "A"
common and Class 'B" common, pay
able January 2. 1881. to stockholders of
record at the close of business Decem-
Der 18th. %+5
The Glass "a" stock of this corpora
ton Is listed on the Washington, Bal
timore and New York Curb Exchanges.
This issue was brought out in October,
1929, by the Century Trust Company
Of Baltimore and Waggaman, Brawner
& Co., Inc, Of this city, the latter be-
ing represented on the board of di-
rectors by Maj. Ennalls Waggaman.
Southern Also Votes Payments.
The Southern Railway yesterday de-
clared the regular final quarterly divi-
dend of 81 q share for this year and
In addition dividend of 50 for the
drst quarter Of 1881 and another of
S1.65 for the second quarter of 1881.
This action was in conformity with the
recent statement of Fairfax Harrison
president, that the road had devised q
means TO maintain dividend disburse-
unents at the current rates IN 1880 and
in at least part Of 1881. A provision
Of the company's charter as to the dec
laration Of dividends in years which
they are not earned caused uncertainty
ct one time as to the company's divi-
Gend policy
The regular quarterly dividend of
&l.25 was also declared on the preferred,
payable January Is to stock Of record
December 26.
Thorpe Joins Board.
Merle Thorpe, editor of the Nations
Business, has assumed his place on the
board Of the Capital Traction Co., to
which he was elected at yesterdays
meeting. He is a director in the Ma
tional Metropolitan Bank and many
other business corporations
Fifteen members of the Baltimore
Conference Of Bank Auditors and Con-
trollers Joined with 35 members Of the
auditors section of the District Bank
erS' Association at a dinner meeting at
the National Press Club last night.
The guest speaker Of the evening was
l.. K. Sunderlin, chief Of the rules and
regulations section Of the income tax
unit Of the Bureau of Internal Revenue,
who took for his subject Problems in
the Preparation Of Bank Returns"
Ralph Endicott assistant treasurer of
the Washington Loan g. Trust Co.. who
1s chairman Of the section, presided and
conducted @ forum discussion of the
speakers subject. in which several local
and Baltimore bankers participated.
New Bank Stock on Exchange.
The new Federal-American National
Bank &S Trust Co. stock made its ap-
pearance on the Washington Stock Ex-
change for the first time today. The
old Federal-American National Bank
stock and the Merchants Bank & Trust
Co. stock were stricken from the list. as
the final step in connection with the
recent merger of these two banks
The new stock has a par value Of
$40 per share. The bid Of SO on the
local exchange today is equivalent to
ass for the old Federal-American stock
and lo6 for the old Merchants Bank
stock. The market closed with So bid
and SO asked
Thirty shares of American Security
& Trust Co. sold at 355. Peoples Drug
moved at 80, Mergenthaler ex dividend
et S712 and two shares of Capital Trac-
ton changed hands ex dividend at 46I2.
Heard in Financial District.
Arthur Foraker, secretary of the
washington Ticker Club, announces
that Z. A. Pierce 81 Co., has joined the
organization. the firm being represeat-
ed by Joseph H. Hines, a partner, and
Robert O. Rau, manager of the local
once. Practically every brokerage
house IN the city now belongs to the
club. The aim of the club is mutual
projection Of the members, it being or
ganized about year ago.
F.November sales of the Great Atlantic
q Paclf1c Tea Co. declined $3,S934
tom November Of last year to S79,-
e20.446. Sales for the first IL months
tnk year totaled $3.50. .949 ,625, an in
corresponding period Of 1929.
sfHoward r. Norton, Fred A. Smith
and Apheus Z. Riddle have been re-
elected directors Of the Columbia Per-
mAnent Building Association of the
District of Columbia for q term of three
years beginning January /.
With the opening this week OF q Nor
fis Plan Bank in Wichita, Kails.. the
company now has 18l industrial bank
Ing institutions
Directors of c. C. Murphy Co. have
declared the regular quarterly dividend