Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-15
DIVIDEND PAYMENT
MAINTAINED HERE
Many Local Institutions Con.
tinue to DiSburse Usual
Quarterly Sums.
BY EDWARD c. STONE.

Local otVldendS are coming last
these days, all recent disbursements
having been voted at the usual rate.
Directors of the Capital Traction
Co. have voted the regular quarterly
dividend of 81 per share, payable Oc-
tober l to stockholders of record Sep
TENDER Is.
The directors of the Riggs National
Bank at meeting late yesterday de-
C!arcd the regular semi-annual dlvi-
dend of IT, per cent, payable october
Is t. shareholders of record Septem-
Der 30.
The Federal-American National Bank
e. trust Co. has voted the regular
quarterly dividend of SO cents share,
payable October l to stock Of record
September 10.
The Union Trust Co. has declared
the usual quarterly dividend of 2 per
cent, payable October Is to sharehold-
crS of record on September 80.
Directors of the United States Saw
ingS Bank have just voted the regular
quarterly dividend of 7l2 per cent,
payable on September 80.
Directors of the Federal-American
Co have declared the usual quarterly
dividend Of 80 cents share on COM
mon and the quarterly dividend of 81 so
share on the preferred. payable Octo-
Der to stock of record September Is.
Another dividend of special local in
tercst because the stock is listed on the
Washington exchange is Emerson's
BrOmo Settler class A, and which so
cents a share has Just been voted The
same disbursement has been declared
on the stock, both payable October l..
Directors of the Baltimore & Ohio
Railroad have postponed the dividend
meeting scheduled for tomorrow to We'd
nesday. September 80. The amount Of
b & o. stock held here makes this
meeting of very wide interest locally.
81 Commodity Price Advances.
The wholesale price index Of the Ma
tional Fertilizer Association, as COM
puted for the week ended September -,
stands at 676. compared with 67.3 for
the previous week. This is a gain OF
three fractional points during the week,
ofSetting a loss of the same amount
shown during the week ended Sep
tember 5. The general index number
a month ago was CIT, while year ago
it was 853
During the week prices for 81 COM
modities advanced, while the prices for
81 commodities declined. Important
commodities that advanced during the
sweet potatoes, wheat at Minneapolis,
rye, heavy hogs. lead, silver, heavy melt
ing steel, coffee and rubber. Listed
among the commodities that declined
were cotton, silk, cottonseed oil, corn,
cats light hogs, pig iron, copper wire,
gasoline, calfskins, hides, hemp, lin
seed oil, dried beans and pruneS.
Tcday's Trading on Exchange.
Trading on the Washington Stock Ex-
change today was unusually quiet. The
first sale was $1,000 Capital Traction
SIS at 1881. Another bond sale was
LOCO Potomac Electric Power Con-
SoHdated IS at 1857.
American Security e. Trust Co. stock
was solo to the extent of single share
at 500 and 100 shares of Real Estate
Mortgage & Guaranty preferred
changed hands at 6 2.
Washington clearing house figures for
today: S3,978,049.30.
Heard in Financial District.
Raymond G. Marx. auditor of the
Riggs National Bank is in Philadelphia
today attending conference of auditors
and controllers who are planning the
program for the coming meeting at At
lantic City. This organization meets
while the A. B. A. is in session there.
National City Co has appointed Will
ham Miller an assistant vice president
with Headquarters i'll Washington. from
which point he will continue to super
wise the business of the company in the
Southern territory.
DR.. George Farnham will give the
chief address at the meeting of Wash
ingtOn Chapter, A. I. B., at the meeting
for the awarding of certificates at the
Willard Thursday evening. Several hun
dred institute members are expected to
attend
John Poole. president of the Federal
American National Bank & Trust Co.,
attended the meeting of the advisory
council of the Federal Reserve Board
at the White House last evening. Mr..
Poole is the council member from the
fifth Federal Reserve district
Miss Grace NJ. Bromley. assistant sec
rotary of the District Bankers' ASsocia-
ton. is completing her annual vacation.
John w Pole. controller of currency.
expects enactment at next congressional
session of legislation to grant national
banks additional branch baking priv
ileceS within trade areas around cities.
American Stores Co. reports sales for
the four-Week period ended August %
OF S9.523318, against $10.477 ,495 in the
comparable period. of 1880, or de-
crease of $954177.
Turnover of funds in the United
States Treasury today will approximate
50 5O,O00,000. This is one of the larg-
est totals for the September Is date. al
though it is not so great as the turn
over on March Is in the current year.
On June Is, Treasury transactions
totaled about $2,000,000, 900.