Evening star., 1935-05-06
D..C..F|RMS SEND
. DATA TO S. {. c,
Make Final Applications fol
Registration Under
Commission.
BY EDWARD C. STONE.

COMMISSION. -
BY EDWARD C. STONE.
Washington corporations having Sc
curities listed on the Washington
stock Exchange are making final ap.
plications for permanent registration
with the Securities and Exchange
Commission. All applications are ex.
pected to be filed with the commits
sion before July /, leaving a very short
time for the compilation Of such an
immense amount of information as IL
called for on the so-called form TO-
Three prominent local corporation'
have already applied for permanent
registration Peoples Drug Stores
Inc: Security Storage Co. and Ter
minal Refrigerating & Warehousine
Corp. When the information is sup
piled to the commission. one copy IL
filed with the officers of the Wash
ington Exchange and is available for
public study by interested investors
The reports are kept in the ofiice OF
James M. Johnston. in the Southern
Building, by B. j. Nees, assigned to
this work by the exchange. Mr..
Johnston is secretary of the exchange.
The information demanded for per-
manent registration is almost startling
in its completeness. Each applica-
ton contains sufficient facts to fill q
small-sized book. Every fact about
each corporation-the business In
which it is engaged, the officers, an
nual meetings, amount and classes OF
stock, bond issues, any important
changes in operations in the last five
years, property owned and authorized
funded debts requested.
Complete financial information on
the latest earnings is included; cap
ital stock liability as shown on the
balance sheet, amount in the treasury,
amount owned by subsidiaries.
amount reserved for options. warrants
or conversion, and the amount being
registered. Complete reports regard
ing officers and directors owning more
than 10 per cent of any class OF q
corporations securities are also re-
quired.
The salaries paid officers, bonuses,
II any; profit-sharing arrangements,
names Of public accountants handling
the auditing Of company records and
figures, copies of bylaws and all con-
tracts, and a host of other pertinent
points of value to every investor must
be included. Any large sales Of stock
by the officers must also be reported.
this data being open to the public
along with the array of other facts.
There are AZ corporations in Wash
ington which now have their secur-
fties listed on the exchange under the
temporary plan. Most of these con-
Germs will apply for permanent regis
tration. The same reports are de-
manded for exchange nstings on all
the other stock exchanges in the
United States. The complications are
80 involved and exhaustive that it
may be necessary to extend the filing
date beyond July l, but no extension
of time has yet even been suggested.
Lanston Jumps 91a Points.
lanston Monotype stock jumped ga
points on the Washington Stock Ex-
change today.
Sixteen shares changed hands dur
ing the session at so, against the last
previous sale at 5012. The demand
for the stock at the sharp price ad-
vance was said to be due to the an
nual report made here last week
when it was shown that the company
had boosted net earnings during the
II months from slightly over $1,000
to more than $4,000 The stock closed
with So bid and none offered.
Anacostia g. Potomac SIS also
aroused special interest today, $1,000
changing hands at 89A, up TX
points over the last sale at 8812. This
is a new high mark for a period Of
several years.
Capital Transit stock was slightly
stronger, selling at 1894, u point
higher than it closed last week. While
trading was not heavy today, yet re-
cent strong prices In most OF the list
were well maintained.
Capital Traction IS came out in two
81 900 sales at 90, while Washington
Gas Light SIS, 1860, figured in a 81 500
turnover at 1854.
A. B. A. Membership Increases.
Breaking all records in gaining ad-
ditional members since 1924, the
American Bankers Association has
added 531 new banks to its lists in
the period September 1 to March 81,
the executive council of the organiza-
ton meeting was informed by the re-
port of its Membership Committee,
presented by E. N. Van Horne. presi-
dent Continental National Bank, Lin
coin, Nebr. During the current
month 38 added members were OBJ
tanned.
mo net gain in membership in the
association had been registered since
1921" he said. Every year since then
has shown q decrease in the number
of banks in the United States. This
year the new members have served to
offset the losses suffered by the asso-
citation through closed, merged or re-
signed banks, and show net gain
in membership Of 324 banks, as COM
pared with q year ago. Thus the
membership roll for the first time
since 1921 shows net increase In
membership over the present year.
The association had 1882 members
rs Of April l, 1885"
Heard In Financial District.
The National Association of Credit
Men reported to the Washington as
sociation today that there was slight
decline in wholesale sales and COL
lections in April, according tc sur
vey of 81 Of the country's leading
markets. In the summary from vari-
Gus cities, Richmond and Bristol, Va,
reported both good sales and good
collections, and Roanoke, Va. an
nounced good sales.
Notices have been sent to clients
by James M. Johnston & Co. that
the investment firm is ready to trans
fer the old preferred issues of the
Commercial Credit Co. into the new
6H2 per cent preferred stock soon to
60 on the market. The old issues
have been called. This and other
local investment firms have handled
Q large amount Of the company's
stock here.
Eliot H. Thomson of the Washing
ton Loan & Trust Co. has been en-
tertaining his brother. Francis Du-