Evening star., 1932-11-16

PRESIDENT OF GIae
exchange. and Mr.. Booker one OF the
most active members.
The annual reports were marked by
their brevity, the financial statement
of the secretary being the most ex-
terded. The exchanges finances are
In a sound condition.
During the year the seat of Edward
B. Mclean of the Washington Post
was sold to Kenneth S. Wales, who
recently founded an investment firm
of his own. Another new member
elected this year was James c. Dulin,
jr, of the American Security & Trust
Co. Considering general business con-
ditions, the amount of trading in the
last II months was considered salts
factory.
Mr.. Gockeler, upon whose shoulders
the presidents mantle falls, has been
one of the leading members for years,
having held every other important ex-
change Office.
Perpetual Officers Reelected.
All officers and directors of the Per-
petual Building Association were re-
elected yesterday as follows: James
Berry, president; Arthur G. Bishop, vice
President; Edward c. Baltz, secretary;
Marvin A. Gusts, treasurer; Raymond
K Espey assistant secretary; John G.
Scofield, Vernon G. Owen. Franklin w.
Harper, DR.. william G. Schafhirt.
Reporting the fiscal year as the best
in the history of their organization,
officials of the association announced
assets of more than $30,5o0,000 in that
association following the annual meet
ing of shareholders.
This represents an increase Of ap-
proXimately 81, 100000 during the year
and the largest growth of any building
association in the country for that
period
The increase in surplus and undi-
vided profits during the period was
also the largest in the existence of the
Perpetual association, which is now pay
ing more than $1,200,000 in dividends
to shareholders each year.
Father Joins Always Board.
A. Chester Flather, one of the man
ayers of the Washington Office of g.
MP. Murphy g. Co., was elected di-
rector of Washington Airport, Inc. at
the monthly meeting of the corpora
tons board yesterday. Other directors
of the corporation are: Edward O. Nc
Donneu New York. a partner in G
Mp. Murphy & Co.; Charles Carroll
Morgan, another manager of the Muir
ply company's Washington office; Hugh
Reid, Arlington County, Va: Howard
Sutherland, a former Senator from
West Virginia, and present alien prop
erty custodian; A. P. Adams, New York
and Frank F. Russell, who recently
came here from New York to take
charge of the airport.
C. g. o. October Net Higher.
Report of Chesapeake g. Ohio Rail
way Co. for 10 months ended October
81, 1892, shows net income of $19,289,
los after taxes. charges and sinkint
fund appropriations, equivalent afte
allowing for dividend requirements OF
612 per cent preferred stock, to $2.5.
a share (par $3.50 on 1857, ,778 shares o
common stock. This compares will
S24,237,333, or 1915 a common share Il
first 10 months Of 1881.
October net income was $3,85l 81
after taxes, charges, ETC., against ne
income of $3,l15,291 in october las
year.
Directors of the road have authorize,
the completion Of the program for en-
larging all of the tunnels on the roat
started about year and a half age
The original program called for al
expenditure of around $4,000, 900, O
which about $6,500,000 has already beel
done. There are nine large tunnel
and two small ones in the program.
MergenthaIer Votes Dividend.
Mergenthaler Linotype yesterday de
clared a dividend of 40 cents. Las
February the company reduced tn
dividend to rs cents quarterly from
$3.50. Later in the year payments o
40 cents and 35 cents were authorized
Today's is payable December 81 to stoc
OF record December 7.
Chesapeake g. Ohio Railway Co. ha
declared the regular quarterly dividen
of 62ia cents on the common, payabl
January l to stock Of record Decem
ber 8.
Chesapeake Corporation has declare
regular quarterly dividend Of so cent
on the common, payable January ! t
stock of record December 8.
Other Financial Notes.
Pathe Exchange, Inc, and subSidiarie
report for IS weeks ended october
1882, net profit of $28, 500 after intereS
amortization, depreciation, etc. For tn
l3 weeks ended October 8, 1881, com
pany reported net loss of $92, 2,642 afte
expenses, film amortization, intereS
etc. For 80 weeks ended october
last, net profit was $30,846 after In
terest, amortization depreciation, etc.
F. P. H. Siddons, chairman Of Il
Red Cross membership drive in Il
local banks, reports that an excellel
response is being made oy the personn
in these institutions and the uniform'
Red Gross in the obbies are being We
generously patronized. InformatiC
which Mr.. Siddons received from hea'
quarters is Of a most encouraging n
ture.
United Corporation has declared Il
regular quarterly dividends Of 10 cen
on the common and rs cents on b
preferred stocks, both payable Janua
to stock of record November 25.