Evening star. [volume] (Washington, D.C.) 1854-1972, 1939-04-12

Trust Company Votes Dividend.
Directors of the National Savings
& Trust Co. declared a dividend of
81 per share on the outstanding
stock, payable May l, at meeting
held yesterday afternoon, it was an
nounced today.
The trust company resumed pay
ment of dividends three months ago,
when a dividend OF ST share was
declared and paid on February l.
While they were not called regular
quarterly dividends by the banks
officials yet they were declared three
months apart and for the same
amount.
The last sale of National Savings
& Trust Co. stock on the Washing
ton Exchange was at s198 share.
The stock was quoted on the ex-
change yesterday at $185 bid and
$205 asked.
H. Prescott Galley is president of
the trust company and William D.
Hoover, chairman of the board.
Record Delegation Likely.
The auditors section of the Dis
trict Bankers Association will be host
to the Baltimore conference, Nation
al Association of Bank Auditors and
Controllers, at the joint dinner
meeting tomorrow evening at the
Wardman Park Hotel, a record at
tendance of Maryland auditors be-
ing expected. the delegation being
headed by Raymond Pohl, president
of the Baltimore organization.
DR.. Edward C. Acheson will be
the speaker Of the evening and will
present as his message Money in
Wonderland" touching on many as
poets of European monetary prac-
tics. compared to those of domes-
tic usages.
DR.. Acheson is associate professor
of economics, George Washington
University; a graduate OF Williams
College and the London, England.
School of Economics and Political
Sciences. He has written a num-
Der of books and many articles for
magazine and newspaper publlca-
ton.
These Joint meetings are annual
affairs and are alternated between
the two cities. Gerald E. Keene,
chairman of the local section will
preside.
Simpler Statements Forecast.
Evidently some of the suggestions
drawn up at the recent meeting of
representatives of II national stock
exchanges, held at the Shoreham
Hotel here, have met with the favor
of the Securities and Exchange
Commission, in spite of the fact
that some of the ideas were turned
down so hard
Extensive simplification of regis
tration statements for listing Sc
curities on a national stock ex-
change appears likely from pro-
gram being worked out by the
S. E. C. The commissions account
ing division hopes to complete in
the near future two substantially
similar forms which would enable
the use for listing purposes of much
of the material required for regis
tering a new security Offering.
This is partially in line with sug-
restions made by the committee of
stock exchanges which met here.
This committee held that the cor
porate registrations sections of the
Securities Act of 1893. and the
Securities Exchange Act of 1884
should be amended so as to provide
for one statement.
Healy Named Acting Chairman.
Commissioner Robert E. Healy of
the Securities and Exchange Com
mission has been named acting
chairman of the commission pend
ing selection of successor to Will
liam o. Douglas, who was recently
appointed to the Supreme Court
by President Roosevelt. Commits
sioner Healy has been with the
commission for a long time.
The credit managers in the coal
division of the Merchants and
Manufacturers Association will have
luncheon at the Hay-Adams House
Friday. The service division of
International Business Machines
Corp. will hold a dance at the same
place Saturday evening.
Capital Transit at New Peak.
Capital Transit stock opened trad
ing on the Washington Stock Ex-
change today with two 25-share
sales at 934. Later, 26 shares
changed hands at 10, the highest
price yet reached on the present
move.
Twenty-Five shares of Real Estate
Mortgage g. Guaranty preferred
stock sold at 434, up from the last
sale at Az.
Potomac Electric Power 6 per
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