Evening star., 1938-12-21
Heavy Day on ID. c. Exchange.
Members of the Ma Cton

September 80 81 .393 $50 5S.309.ii0S 5S30i
Sovem6er Sose1sb sS4s5 sS4s5 Ssa 5sit$S5 5sit$Sa5
Heavy Day on d. c. Exchange.
Members of the Washington Stock
Exchange have their Christmas
shopping well in hand. At least,
they turned their attention to trad
ing today, making one of the busi-
est sessions in long time.
Bank stocks we're prominent. The
first sale was II shares of WASH
ington Loan g. Trust at 235. One
hundred shares of National Savings
& Trust stock appeared on the board
at 200 and single share of Riggs
National Bank common moved at
27O.
Washington Gas preferred again
registered los, 70 shares of Capital
Transit sold at 8, unchanged, and
Mergenthaler Linotype was stronger,
five shares changing hands at %.
Potomac Power preferred issues were
at recent levels.
Press Building Gross Rises.
The National Press Building
earned per cent on the first mort
gage bonds, in the first half of 1888,
according to an estimate made by
Amott, Baker & Co., New York. The
figures show that in the first six
months of 1888 gross income reached
1858, 700, in comparison with $3.50, 100
In the same period in 1887.
The review adds that operating
expenses and taxes increased so that
net income amounted to 1924 900,
against $229,000 a year ago. The
Press Building is about 100 per cent
rented, about II per cent of the space
being occupied by Government de-
partments or agencies.
The senior issue is now quoted
over the counter at 70 bid and II
asked, while the junior issue is
quoted at II bid and 20 asked.
Regular and Extra Declared.
Directors OF the American Security
& Trust Co., meeting yesterday, de-
clared quarterly of per cent and
an extra dividend of per cent, it
was announced today. Both divi-
dends are payable January 10 to
stockholders of record at the close
Of business December 81.
The closed Federal American Ma
tlonal Bank & Trust Co. will pay a
dividend of 10 per cent, amounting
to $685., 1885, to the 22,932 depos-
ttors, early in January, Receiver Cary
A. Hardee announced today. Pay
ments will be made at 1886 New York
avenue as the depositors receive their
postal card notices.
Former dividends of IS per cent.
together with the coming payment,
Will bring the total payment to So
292,497 .33, Receiver Hardee said. He
added that he could not intimate
the time of future dividends or the
amount, but he believes there will be
further substantial distributions
some time in the future, when the
large amount of remaining assets
have been liquidated.
Russell Freemen Honored.
Russell P. Freeman. manager of
the Washington ordinary agency of
the Prudential Insurance Co. of
America for the past 16 years. was
rendered testimonial luncheon
yesterday by the members of his
stan. Guests of honor included
Horace Winter, manager Travellers
insurance Co.; A. L. Baldwin,
Northwestern Mutual; ]. E. Nc
Combs, general manager Berkshire
Life; Vernon Holleman, general
agent Home Life of New York, all
washington men, and Charles E. Ell
lott, jr, and George B. Parker,
from the Prudential home office:
also the following agents in Mr..
Freeman's office:
Herbert L. Barlow, Carl B. Balluff,
Paul w. Hammack, Bernard c. May
berry, Arthur H. Minor, Col. G. w.
EWell. Charles w. O'Donnell, Thom-
as j. Mullikin and George S.
Mckenzie.
Herbert L. Barlow. who has rep
resented the Prudential for % years,
acted as toastmaster.
Executive Council Meets.
The new District Building and
Loan Association Executive Council
met yesterday at the Raleigh Hotel,
liked the date of the leagues next
meeting at December q and consid-
cred other matters. President Arthur
B. Bishop presided.
The council for the coming year
includes Wilfred H. Blanz, c. E. Ke-
fauver, R. w. Santelmann, Carl j.
Bergman, William N. Payne, jr.;
Robert E. Buckley. Chaplin B. Bau-
man, c. Clinton James and F. Will
son Carp.
Noted in Financial District.
Security Storage Co. stock, which
Is soon to pay a regular quarterly
dividend of SIPS a share, is one of
the highest priced stocks on the
Washington Exchange The last sale
was recorded at 112. The latest bid
Is ll2, with l20 asked.
Advance interest in the Bermuda
convention cruise of the Virginia
Bankers Association, which leaves
Norfolk on June IA for a five-day
trip, is evidenced by 300 reservations
already made. More than 600 are
expected to make the trip on the
Queen of Bermuda.
Harry L. Smith, jr., assistant
treasurer of the Washington Loan
& Trust Co., has returned from a
To-day hunting trip in Southern
Maryland.
Holders of Pennsylvania r. r..
stock received the dividend yester-
day Of so cents share which was