Evening star., 1932-11-17

- profit of s936,16l, equal to ss.o5 a share
g on 256,oo0 no par shares OF capital stock
!. IN the preceding year.
= The balance sheet as Of September
! 30 last shows total assets of $2S, ,291 ,5O7,
= comparing with 3o,182, ,388 on Septem-
: Der so, 1881, and surplus Of $l0,768, ,38l,
: against $12,532,83l. Current assets on
!. September 80 last, including 500. .lSz
: cash, amounted to $l5.43o,675 and cur
: rent liabilities were SIC, ,904, comparing
!. with cash of 81 ,20S,451 current assets
3 of $l6.l78,320 and current liabilities OF
= SI54.2S8 on September 80, 1881. Capital
= stock amounts to 256. 900 no par shares
!. The statement for the year ended
!. September 80, 1882, compares as fol-
: lows with the previous two years;
Net los. sssssSae 1921 ,ss5bsisl bsis +s,sestlo esG
+. bivSitdends StdSsSd S7sSss'ooo i.5ss'0o6 1'664'ooo
:: Deficit sI,76l, ,52B s599,s38 'sl45;41O
i Surplus. !Proft.
I. AS noted in yesterdays Star, the
: Mergenthaler Co. directors have de-
!. clared a dividend of 40 cents share,
= PAYABLE December 81 to stockholders OF
!. record December z. Last February the
5 company reduced the quarterly dividend
= from $l50, which had previously been
I. paid, to IS cents, and on May II de-
+. clared dividends of 40 cents and 80
!. cents per share. payable June 80 and
(. September 80, respectively.
Mereenthaler Linotype stock has been
Nery widely held In Washington for
Trany years. The stock is listed on the
Washington Exchange and during active
trading years is always one Of the lead
erS.
The local stockholders are ably rep
resented on the board by two Washing
ton directors, Attorney Frederic F. NC
Kenney and George Hewitt Myers, the
latter elected to fill the place left va
cant by the death Of Edward j. Nc
Quade about year ago.
Banking District More Cheerful.
Washington bankers are much more
cheerful since the election has gone into
history. Many local f11anciers who
were gloomy over the idea OF pos
sible change have already become recon-
ciled. Bankers, merchants and all other
business men can now focus their at
tention much more strongly on business
and recovery. In fact, many believe the
magnitude of the change will prove
beneficial. Along this same line, Stand
ard Statistics Co. looks cheerfully upon
the financial outlook after March 4,
saying:
Myths, traditions and inferences
grow UP around candidates and parties
which often are not warranted by the
facts. Gov. Roosevelt has stated clearly
his adherence to sound currency princi-
pies and there Is no reason to fear that
his election to the presidency brings
us an inch nearer to q deliberate soft
money policy.
"a period Of hesitation and adjust
ment, possibly accompanied by sharp
price fluctuations, is indicated. Relief
of personal distress, the struggle to
adjust excessive debts to existing means
Of payment and possible further de-
, probation Of foreign currencieS stand
ION the one side as restrictive factors;
j stabilizing level Of business In this
. country and the gradual working Of
! Secuperative forces"
y. New Life Insurance Falls on.
i New York dispatches received here
!. Aoday state that new life Insurance pro-
: duction in october was 10 per cent less
:, than In october, 1891. Total new life
!. Insurance for the first 10 months this
= year was 1877 per cent below the amount
: for the same period year ago. accord
! ing to the Association OF Life 1nsur-
. Mnce Presidents.
Y For October, the total new business
- M all classes written by the A COM
!, penies was S670, ,420 900, against $61T,-
: SS8, 600 during october, 1881, decrease
= Of 18 per cent. New ordinary insur-
y ance amounted to Sass, ,499 900, against
= $563, ,423, 900, q decrease Of 23.1 per
: csnt Industrial insurance amounted to
: $198, ,053, 900, against $2l3, ,93l 900, a de-
: ence was $36, 1858 900, against $40, ,504,-
600. q decrease Of per cent.
~ For the FIRST 10 months, the total
: new business In these companies was
81, ,6s1 ,263 900. against $9, ,12l ,199 900 last
= year, decrease Of 1877 per cent. New
ordinary insurance amounted to S.
s090, ,673, 900, against $6, las, ,787 900, q de-
: crease Of 1872 per cent. Industrial in
surance amounted to $2,137. .521 900,
per cent. Group Insurance amounted
10 $685., ,06s, 900, against $666, ,s64, 900,
decrease of ais per cent.
- Protective Committee to Meet.
= The Protective Committee which Is
boxing after the interests Of holders of
The National Press Building first mort
cage bonds Is expected to hold meet
ing soon in New York. The commit
bee recently sent notices to the bond
holders asking them TO deposit their
bonds with the Chase National Bank,
Following the corporations failure to
pay the interest due October Is. Ord
Preston, president Of the Union Trust
o., is q member of the committee.
The late Ellie Sheetz had been d.
rector of the Bank of Commerce &
Savings ever since the bank was or
gani.ed rs years ago. His death was
especially regretted by President M. D.
Rosenberg and Vice President John M.
Riordon, who have been connected with
the bank ever since 1t was founded
pnnnGUlVar nj rfw
for months ended September 80, 1892,
net income of $6,273,8l5 after taxes and
charges, equal TO AZ cents share (par
$500 on 13,l62 $40 shares Of stock THIS
compares with Sl5,265,8 or S1.16 a
share on 13,I60,257 shares in first 8
months Of 1881.
Cleaned In Financial District.
The largest sale on the washington
Stock Exchange today was 81 900 Cap
1tal Traction SIS, at 43. Potomac Elec-
trio Power 6 per cent preferred moved
ct no.. ex-dividend, while Washington
Railway g. Electric preferred changed
hands at 87k and 81. .
The Treasury is Offering $50, ,00O, 600
o2-day Treasury bills, to be sold to the
highest bidder on discount basis. The
bids will be dated November 23 and
tenders will be received up to pm
November 81. The offering will be
used to pay of maturing bills totaling
e62, $50, 600
w. w. Wilson, president Of the First
National Bank, Milton, Pa. and former
head Of the national bank division Of
the American Bankers Association. was
guest Of honor at the District Bankers
Association rnid-week luncheon yester-
day. He praised the work done for the
A. B. A during the last year by Robert
". Fleming.
The 10000 holders in this city of
American Telephone g. Telegraph stock
were greatly pleased that the directors
yesterday declared quarterly dividend
of $2.25 per share. 1t Is payable jan
uary Is TO stock Of record December 20.