Evening star., 1936-04-09

tne three OH
GERS, Ralph NJ Wolfe, the retiring
president, and W. w Spaid, senior
partner in w w. Hibbs & Co. and
also president of Associated Stock
Exchanges.
The Ticker Club was organized sew
eral years ago and is made up of rep
resentatives of II or Is New York
Stock Exchange firms which have
Offices here.
Investment Office Opened.
George E. CroSwell, jr., for several
years in Government service, has be-
come associated with Battles & Co.,
Inc, investment bankers with Offices
In New York, Philadelphia and other
cities, and will represent the firm in
Washington. Offices are being opened
in the Southern Building. Mr.. Cros-
we'll has already had wide expert
ence in investment business. The firm
was established in 1890 and does an
extensive underwriting and distribut-
ing business in the Middle Atlantic
States.
Public offering, by means of a
prospectus, of $4,000 shares of pre-
ferred stock and II 500 shares of COM
mon stock of San-Nap-Pak Manu-
featuring Co, Inc, is being made to-
day by c. B. Ewart & Co., Inc, New
York; James M. Johnston g. Co. and
Waggaman, Brawner & Co., Inc.
Washington. The shares are offered
In units of 10 shares of preferred stock
and three shares of common stock,
priced at 500 per unit. The preferred
stock is entitled to cumulative divi-
dends of S070 per share annually.
The company was incorporated under
New York laws in 1927, and is engaged
In the manufacture and sale of sani-
tary napkins and facial and cleansing
tissues
Bank Dividend Is Declared
Directors of the Washington Loan
s, Trust Co. yesterday declared quar-
terly dividend of 2 per cent. payable
on May l to stockholders of record
on April %. President Harry G. Meem
announced today. This will be the
s75th consecutive dividend the COM
pany has paid. President Meem re-
ported at the board meeting that the
trust company's resources had reached
an all-time peak and now exceeded
S27,00O,000.
Robert C. Jones & Co., investment
bankers, have bought the issue of
S350,000 31a per cent Washington
CMaryland) Suburban Sanitary Dis
trict bonds, dated April /, 1886, ma
turing in 80 or so years, they being
the highest bidders at a public Of
fering.
The banks are inclining toward
greater activity in real estate loans,
Joshua Evans. jr.. vice president of
the Hamilton National Bank, told the
Rhode Island Avenue Citizens Asso-
citation last night.
Extension of banking operations to
INCLUDE small loans is not intended
primarily as a competitive move
against small loan companies, but
rather with view to rendering more
complete service to patrons, he also
stated.
Railway Common Sells at 567.
n VI " IOdA1-
way & Electric common stock brought
S567 on the Washington Stock Ex-
change today 1t was the first sale in
this issue in many weeks. The final
bid was $50, with none offered.
American Security g. Trust moved
at 265, Woodward & Lothrop common
at 81 and Washington Gas Light at
80 Washington Railway g. Electric
preferred commanded HE, Capital
Transit sold at 1434 and Potomac
Power 6 per cent preferred changed
ownership at 10. Mergenthaler came
out at a.
Capital Traction IS brought 80 to-
day on three sales, the only bonds
transferred. The Exchange closes to-
morrow.