Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-04
W. R. & E. Preferred Analysed.

Average earnings per share on this
stock for the six years ended December
81. 1880 were S3.S07, 554, or 1896 times
the dividend requirements. For the year
1880 dividend requirements were earned
1I.54 times the review says.
During this six-year period the COM
bined surplus of the two companies has
increased from S8,071. TAG to SIS, 144,062.
This large increase in the surplus Is
due TO the fact that the company has
distributed in dividends on its common
stock during the past 10 years rela-
lively small percentage of its earnings.
The fact is also noted that the pre-
ferred stock has equal voting power
with the common and is non-callable.
Last year the stock was one Of the
most active issues on the Washington
Stock Exchange. 1t is now selling
around 98l2.
Rollins Joins Alexander Brown
Charles B. Rollins, well known in in
vestment circles here, has become as
ISOLATED with Alexander Brown q Sons
in the local Office. Mr.. Rollins is a
native of Fredericksburg, Va, and grad
uated from the University of Virginia in
1916. His experience in the investment
securities business date from 1924, dur
ing which time he has been connected
with Stein Bros. a. Boyce and with E.
H. Rollins & Sons.
He is a member OF the Washington
Bond Club, Mansfield Hall Country
Club, Fredericksburg, and the Belle
Haven Country Club of Alexandria. He
won the Shannon cup at one of the Dis
trict Bankers Association conventions
at Hot Springs and again at one of the
Montauk Point gatherings. He also car
ried of other golf honors at these bank
! meetings.
The firm with which he is now con-
nected recently celebrated its I3ISt an
niversary, having been founded in Bal
timore in 1900, which makes it the old
est investment banking house in the
United States
Convention Committee Named.
Frederick P. H Siddons, general
chairman of 1891 Convention Commit
tee of District Of Columbia Bankers
Association, has announced the ap-
pointment of the following members Of
the Publicity and Press Committee, in
addition to the chairman, G. H. Jacob
sen Of National Metropolitan Bank, and
vice chairman. 7. Hunton Leith of the
Security Savings 81 Commercial Bank:
Eliot H. Thomson. Washington Loan e.
Trust Co.: H. T. Biselle, Riggs National
Bank; Richard Hatton, the Washing
ton Herald; Edward c. Stone, The Eve
ming Star; John Nevin, jr., the WASH
jngton Times; Thomas NJ. Cahill, the
Washington Post.
Stock Presented to Salesman.
At banquet of employees Of the Bear
ing Sales Corporation, last evening at
the Shoreham Hotel, presentation of a
block Of stock to Harry A. Light. as the
FIRMS most valuable worker during the
past year, was one of the features. II
was presented by II A. L. Barker gen.
eral counsel.
H. Lawrence Choate, general agent Of
the Mutual Benefit Life Insurance Co.
will address a conference OF the COM
pany's agents at Baltimore on February
g. All the Washington agents will be
special guests for the day Several
agents from the home Office in Newark
will also attend.
Suit brought by Abraham Harris, at
torney on behalf of Sol Karp ct al,
against Pathe Exchanges, Inc, and
Radio-Keith, Orpheum seeking TO enJoin
contamination of the sale of Pathe as
sets to r. K. o., is still pending, New
York dispatches state.
Traction Stock Closes at 40.
on the Washington Stock Exchange
today. The first sales were made at
40A and the final quotations were 40.
Ten small lot sales totalling 112 shares
were recorded.
Georgetown Gas SIS were in good de-
mand sat 1885, Union Trust bank
shares sold at 2l0 and Federal Ameri-
can National Bank 81 Trust Co. at 81.
Merchants Transfer a. Storage common
moved at 106 and several other sales
uere recorded at recent levels