Evening star., 1936-03-18

six years.
The steady increase in business in
Wall Street has brought about new
optimism which promises to continue
for a long time. New York Stock EX-
change officials doubt if the levels OF
1929 will ever be reached and say it
will be better all around if they are
not. That was a wild spree that
brokers do not wish to see repeated,
regardless Of commissions. Too un-
sound and upsetting to all other busi-
ness, they say.
But the levels of 1927 and 1928
have long been desired. In getting
back to the 1928 goal, Mr.. Chapman
says that the question of higher SAL
aries has come to the front. He
stated today that his firm and many
others in New York are now holding
conferences on readjustment of SAL
aries that will also bring pay back
to the 1928 levels. This is a matter
of much interest and importance to
cities outside of New York.
The Washington broker added that
the recent enthusiasm over the mar
ket still prevails in the Street" Re-
gardless of temporary setbackS, 1t Is
believed the trend will be generally
upward during the rest of the year,
this forecast, of course, applying to
sound stocks and prime bonds.
Trust Company Votes Dividend.
Directors of the American Security
g. Trust Co. have declared the regular
quarterly dividend of 2 per cent due
at this time. The dividend is payable
April 10 to stockholders Of record on
March 81.
Winthrop G. Batchelder, manager
of the Connecticut General Life In
surance Office here, will attend, the
firms annual convention next week at
Coral Gables, Fla, the trip being
earned by the production record of his
Office during the year.
Arundel Corp. directors have voted
0 quarterly dividend of Is cents per
share, payable April to stock of rec
ord March 20. Considerable of the
stock is owned locally.
Carl j. Bergmann, past president of
the District of Columbia Building and
Loan League and treasurer Of the
Washington Permanent Building As
sociation, is presiding at conference
now in session of the Southeastern
Group of the United States Building
and Loan League at Coral Gables, Fla
Several other Washingtonians are at
tending the meetings.
Bruce Baird, vice president and
trust officer of the National Savings
and Trust Co., has returned from a
brief vacation at Nassau.
Union Market Delegates Named.
Frank M. Firor, newly elected presi-
dent of the Union Market Business
Association; M. KoSsow, Hugh Phillips,
NJ. A. Keane and j. o. Harrison, jr.,
were appointed delegates yesterday to
the Federation Of Business Mems AS
sociations. The meeting was the first
since the election of officers for the
coming year. President Firor's many
proposals for activities during 1896
were unanimously approved.
In the first two months of this year
the Chesapeake & Ohio earned 80
cents a share on common stock,
against SO cents year ago.
In 81 States east of the Rockies
building contracts were 80 per cent
higher than last year, F. w. Dodge re-
ports.
Mergenthaler Linotype jumped from
401z up to 43 on the Washington Stock
Exchange today on two 10-share sales.
Lanston was strong at rs.
Extra Dividend Declared.
Directors of Woodward & Lothrop
have declared the usual quarterly
3712-cent dividend on the common
stock and an extra 1914 A-cent dividend,
both payable March 81 to shareholders
of record March %. The directors
also voted the regular quarterly
dividend of IA per cent on the COM
pany's preferred stock, also payable
March 81 to stock of record March %.
Woodward & Lothrop common is
now quoted around IS on the WASH
ington exchange. while the last sale
In the preferred wss ct i17h.