Evening star., 1934-08-07

months OF 1894
totaled Se,331, ,57e against total saie,
an the same seven months In 1883 OF
a. a02 .264. an increase 30 far this year
OF s529,I17, or 8 per cent.
Peoples Drug sales for June showed
an increase OF per cent, as COM
pared with June, 1888
The American Stores 20. ior the
s,x months ended June 80. 1884, re-
ported A net income today Of $2,oss,-
200. after depreciation, Federal taxes
etc. or equivalent 10 si.60 share on
aff s7o no-par shares of capital
stock This compares with S2,3TS,-
cas-, or si.82 q share, In the flrst hali
OF 1888.
Woolworth sales were UP li.5 per
cent In the seven months and Kresge
reports a l3 per cent gain In the flrst
six months Of 1884, statements
showed.
DoinR Back From Vacation.
Charles II. Doing, vice president of
the washington Loan 81 Trust Co
and manager OF the West End branch
In back at his desk after three
week vacation. After taking an ex-
tended motor "trip he passed the re-
maining time at Atlantic City. Mr..
Doing is first vice president of the
District Bankers Association and
during the present year viii pay spe-
cial attention 10 the activities OF three
important ections--flduciarieS, safe
deposit and auditors.
William J. Flather. one Of the vice
presidents of the Riggs National Bank,
has gone TO Atlantic City to spend his
vacation. Mr. F'lather has been con-
nected with Riggs National Bank
longer than any other active official
or employe and is widely known
throughout the financial district. Dur
ing his long service he has come in
contact with q great many people OF
national prominence and has always
kept in close touch with all the latest
developments in banking methods.
Five-Year Dividend Records.
Despite the casualties among divi-
dend-payers of the past five years
there are still many listed stocks In
the dividend-paytng column, and al
most q score In the ranks OF those
both earning and paying dividends, it
is revealed in five-year record OF
leading common stocks on the New
York Stock Exchange, compiled by
Jenks, Gwynne &r Co.
The study shows that 10 companies
Of them engaged in the production
and distribution Of food products. have
earned and paid their dividends
throughout the five-year period. Thir-
teen more fall in the classification of
stocks on which dividends have been
earned In each Of the five years, but
upon which the rates have been re-
duced.
Ninety-eight stocks fall in the CLASH
fication Of stocks on which dividends
have been paid in each of the past five
years, although the rates have not
been fully earned In some years, and
in some cases have been reduced.
Brokers Are More Cheerful.
News reaching Washington from
yesterdays meeting of members OF
New York Stock Exchange firms, at
Sended by several local brokers, indi-
Gates that fnanciers are more cheer
full than they were two weeks ago
They are anxious for the new Ex-
change Control Commission TO make
several policy rulings at once 1t is
felt that these rulings viii help to In
crease business.
Plans for more frequent conferences
are under way and q Pubic Relations
Committee is also to be named to
make the position Of exchange men,
bers more clear to the public on finan-
cial matters The meeting was at
tended by over 500 partners.
Washington brokers hold the opin-
ion that Improvement in the brokerage
business is mainly contingent on a
general revival in trade. A return to
more normal trading Is expected In
the Fall. There is always Fall pick
up and this will bring a normal in
crease In business without any special
stimulants.
their business has been extra good
during the past month. Trading in
commodities has had a good deal to
do with bridging over the lull in the
stock market, they report One broker
said today that if financiers would
stop wasting time arguing over the
new deal and concentrate on their
business, they could greatly increase
the volume.
Capital Traction Popular.
Capital Traction was the most popu-
lar stock on the Washington Exchange
today. Five separate l0-share transac-
tionS were recorded, all made at %
This is the same price as the last
previous sale and gain of Il points
over the low mark last week. It closed
with 22i2 bid and "a asked
Mergenthaler Linotype appeared on
the board today. small lot selling al
2li4. Ten shares of Washington Rail-
way g. Electric preferred came out al
eeiz and a small lot of Potomac Elec-
trio Power per cent preferred
changed ownership at ll2%.
Bonds were neglected. only one
$1,000 sale being recorded. That was
in Potomac Electric Consolidated SIS
which were strong at l05ss. Vict
President Y E. Booker presided today
In the absence Of President c. J
OOCkStSfs
Gleaned in Financial District.
Onicials Of the vasco Products CO
announce that special meeting O
the stockholders will be held mex
Friday at 10 O'Clock at the oface o
the company in Brentwood, Md. Sew
eral important matters are schedules
for discussion and action at that time
The stockholders are made UP largef
Of prominent Washington bushes
men. Notices of the meeting wer
sent out yesterday.
II was q happy surprise to locs
holders Of General Motors eommol
stock when the extra dividend Of S
cents per share. in addition to tn
regular quarterly 25-cent dividend
was announced. Nothing had bee
said In advance regarding the hkeh