Evening star., 1940-07-03

serving on the Committee on Busi-
tess Conduct. He has gained high
Standing in the financial district
hy compiling the figures for Facts
and Figures on Washington Securi-
taes" which the Booker firm pub
Nshes each year. He lives out
Hyattsville way in Maryland.
Many Dividends Paid Here.
Many issues listed on the Wash
ington Stock Exchange joined the
July / dividend parade and made
disbursements on that date. Among
them were: ~
Capital Transit Co., Bank of Com
merce & SAYINGS Lincoin Natiopai
Bank, National Bank of Washington,
Firemens Insurance Co., National
Union Insurance Co., Columbia Title
Insurance Co, Real Estate Title
Insurance Co., Julius Garflnckel pre-
ferred, Peoples Drug Stores common,
Real Estate Mortgage & Guaranty
preferred, Woodward & Lothrop
common and preferred.
This is one of the best lists of
local dividends declared and paid
In a long time. Several other issues
are now being quoted ex dividend,
payments to be made shortly.
Attends G. o. P. Convention.
Thomas w. Brahany, manager of
the Washington Office of Merrill
Lynch, E. A. Pierce & Cassatt, took
part of his vacation attending the
Republican convention at Phila-
delphia. He is also planning to
attend the Democratic convention
in Chicago.
Mr.. Brahany has always been
deeply interested in politics. 1t so
happens that he knew Wendell L..
Willkie long before he was ever
mentioned for the presidential nom
ination. A year ago he was Mr..
Brahany's guest at the annual din
ifer of thee Alfalfa Club.
During the Wilson administration,
Mr.. Brahany was one of the White
House secretaries and still has the
originals, or copies, of many inter-
esting letters and other important
documents.
Dividend Payments Rise.
F. Wilson Camp, secretary of the
District Building and Loan League,
announced today that the building
and loan associations in the city are
distributing $2,586,0 900 in semi-annual
dividends during the present week,
compared with $2.358000 in the first
half of 1889 In the last six months
of 1889 dividends totaled S2,4100O0,
Mr.. Camp announced. The assets
of these same associations have dou-
bled since 1880, he added.
Real Estate Bonds Lower.
For the month of June real estate
bond prices in Eastern cities de-
clined "a per cent, which brings
the average price per $1,000 bond to
1921, according to the Amott, Baker
Bond Averages. The decline, follow
ing the 90 per cent drop in May,
brings prices to los per cent below
the 1899 closing prices. Hotel issues
showed fractional improvement in
June, but all other classifications
declined Several Washington bonds
are in the list of 200 used in the
averages.
Crane Company IS Years Old.
The Fourth of July means more
than flag waving and fireworks to
the so employees of the Crane Co. in
Washington, because it marks the
85th anniversary of the founding of
their company. According to Man
aer c. P. L. Moran, it was on July
4, 1855, when R. T. Crane, a young
man of %, poured his first brass
casting in small shop he built him.
self in his uncle's lumber yard in
Chicago. The company now has 1874
branches, the Washington Office be-
ing an important unit.
Today's Trading on Exchange.
Trading on the Washington Stock
Exchange today caught the spirit
of the New York Exchange and
business was very dull. Capital
Traction SIS were strong, a $500
transfer being registered at 100. In
the stock division two small sales
in Potomac Electric Power 512 per
cent preferred stock took place at
1131a. Trading will be suspended
entirely tomorrow when the men,
bers observe Independence Day.
All the banks, investment houses
and New York Stock Exchange ofI
fees in the financial district will
take the day off tomorrow. Some
brokers thought the holiday started
today, judging by the volume OF
trading.