Evening star., 1930-12-16
FAVORABLE TRADE
BALANCE FOR U. S.
November Exports Show Gain
of 100000 Over Imports.
Average Prices Smaller.
BY EDWARD c. STONE.

while IN November, 1929, exports were
442,254,0 900, and imports, $3.50, ,472, 900
For the II months ending November
30, 1880, exports totaled $3568, ,473, 900
compared with $3,814,444,0O0 in 1929
and imports for the IL months
amounted to $2,843, 1886, ,OOO compared
with $4,089 ,552, 900 a year ago.
Gold exports during November. 1880
were $5,008,000 and $50, ,289 900 in No
Vember, 1929, and imports were $40
$4,000, compared with $7,123,00O.
For the 11-month period in 1880 ex-
ports of gold we're S115, ,93l 900. COM
pared with $44,036,00O in 1929, and i'm
ports were $363,275, 900, compared with
$283,528,000
The imports of $2O4, 700 900 were the
smallest since October, 1921, when they
dropped to $188,000oO0 It was ex-
planned at the department that al
though the figures were low, the vol
ume had not dropped as much as was
mo1cated. Average prices, it was said,
were about IA per cent less than year
ago.
Many Local Dividends Voted.
Directors of the Norfolk & Washing
ton Steamboat Co. have declared the
usual 3 per cent quarterly dividend and
also an extra per cent dividend, both
payable January 2 to stockholders of
record December o.
The Lincoln National Bank has de-
clared the usual 5 per cent Semi-annual
dividend, payable January to share
holders OF record on December 20.
The directors of the Real Estate Mort
gage d Guaranty Corp have declared
the regular semi-annual per cent divi-
oend on the preferred stock, payable
Der 20.
Directors of Woodward & Lothrop
nave voted the quarterly dividend of
Ia per cent on the company's pre-
ferred stock, this disbursement being
payable December 20 to stock on rec
ord December %.
The directors Of the Second National
Bank have voted the usual Christmas
bonus for all employees in the main Of
nee and at the @ street branch.
Regular, Extra and Bonus Voted.
Directors of the Woodbridge e-Lanedon
Savings & Commercial Bank have de-
clared the usual semi-annual dividend
OF per cent. plus an extra dividend
OF / per cent, payable January Is to
all stockholders of record on Decem-
Der 81.
It was also voted to transfer SIS
from the undivided profits to a special
reserve fund, and a bonus of one-half
months salary was granted to each en-
ploye.
At a meeting of the board of direc-
tors of the Louise Hand Laundry, Inc
the regular Semi-annual dividend of
$l.75 per share on the preferred stock
and 80 cents per share on the class
A common stock was declared, payable
January 2 to stockholders of record
December 20.
The board received a report of the
management showing that both gross
and net earnings for the first ii months
Of 1880 ran ahead of the same period
in 1929
Directors of the American Ice Co.
have voted the usual 75-cent quarterly
dividend on the common stock and 81 so
on the preferred, both payable Janu-
ary 26.
As Bank President Sees 1881.
While Washington is not immune
by any means from the financial ills or
economic disturbances which affect the
whole country. the city as a result of
being the National Capital is not af-
d1cted or affected in such a violent
manner as some other parts of the
country where everything is commerce
or manufacturing" Wade H. Cooper
president of the Commercial National
Bank and the United States Savings
Bank, remarked today in looking toward
1891.
While there has been a decline in
real estate values in Washington, as
well as a decline in a number of stocks,
the decline has not been nearly so
violent as in other parts of the country"
the banker added. Bank stocks here
have also declined, but nothing ap-
preaching the violent recessions in New
York City, and 1 think this fairly
illustrates and differentiates Washing
ton from other parts of the country.
The recovery and the readjustment
will be slow throughout the country,
but think Washington should and will
lead In the grand march toward re-
eoVery from our present depression"
New Bank Stock in Demand.
Fifty more shares of the newly issued
Federal-American National Bank &
Trust Co. stock sold on the Washington
Stock Exchange today at 53 II is the
second time this issue has appeared on
the board since it went on the list a
few days ago.
Mergenthaler Linotype sold ex-divi-
dend today at 49,. Federal-American
Co. common came out at 20 and closed
at 29l4. and Peoples Drug Stores pre-
ferred changed hands at go. Potomac
Electric Power 5i2 per cent preferred
moved at 10634 on small turnover.
Bond trading was confined to Wash
tngton Gas Light issues. Barber e.
Ross 6lzs and Potomac Electric Con-
solioated SIS. The newly listed SO 600, 900
Washington Gas Light AIS were quoted
today at SO bid and 99is asked.
Cleaned in Financial District.
All trustees Of the Columbia Title
Insurance Co. we're reelected at yes
terday's annual meeting They are
H. Glenn Phelps, Allen c. Clark, James
J. Becker. Spencer Armstrong Edgar
M. Mayne, George w. White, Edward
L SfplluanGF = Gondnz NIyillfa
Flather, jr.; James B. Nicholson. Ran
dali H. Hagner, John Edmund Cam.
mack, william B. willard, Erskint
Gordon and Woodbury. Blair.
The Washington Hotel, owned by
the National Capital Hotel Corpora
ton, has been ref1nanced through
the H. L. Rust Co. of this city, by a
terest at 5 per cent, 1t was announced
yesterday. Henry G. Sheridan is presi-
dent of the hotel corporation and J.
Eris Powell, vice president.
Presidents and secretaries of the
banking associations of Delaware
Maryland, New Jersey, New York
Pennsylvania, Virginia, West Virginia
and the District OF Columbia will con-
fer with Frank w Simmonds deputy
manager. American Bankers Associa-
ton. at the Willard Hotel Friday rela-
tive to plans for the second bank
management conference for the Cen.
tral Atlantic States, to be held here
February rs and 81
Hunter S. Marston, president, Banc-
director Of Western Maryland
Railway.
NEW SECURITIES
NEW YORK, December Is CP).-Ney