Evening star., 1940-11-19

July ------- 71,47O,416 66O6l ,648
August --- 70. 1927 945 1887, ,673
September ---- II .560281 67.365 ,498
October 73,12978 67O39, TAB
Garfnckel Dividends Voted.
Directors of julius Garfinckel &
Co., Inc, have declared the regular
dividend of 3712 per share on the
preferred stock, payable December
81 10 stockholders of record on De-
cember IA. The regular quarterly
dividend of 17l2 cents a share on
the company's common stock has
also been declared, disbursement to
be made on December IA to stock
holders of record December 5.
Both these issues are listed on
the Washington Stock Exchange,
the last sale in the preferred taking
place at 26ss. the 1910 peak, while
the last sale in the common regis
tered 10l2, also the high mark for
the year.
d. c. Title I Loans Climb.
Title I loans by banks and other
institutions in the District of Co.
lunbia are mounting steadily. Title
I loans made by institutions with
head offices in Washington since the
Federal Housing Act was amended
in June. 1899. through September.
numbered 3691 and amounted to
S212704O. From January through
September these loans numbered
1882 for a total of 81 508 567, the
District Bankers Association an
nounced today, quoting latest F. H.
A. reports.
From the date of the amendment,
lending institutions, not necessarily
having head Offices IN the Capital,
made 1854 Title l loans on WASH
ington properties. amounting to ST.
429235. In the first nine months of
this year these loans totaled 2,04l
for s9l3,062
Washington banks have partici-
pated very freely in these Title
loans and have played an important
part in helping property owners
make all kinds of repairs and altera-
tions. The banks here are also
making a large number of Title II
mortgage loans under the F. H. A
insurance plan.
Section Committees Named.
Committees Of the Fiduciaries
Section of the District Bankers AS
sociatiOn were announced today for
the coming year by Henry x DER
koph, section chairman and assist
ant trust officer, Riggs National
Bank, as follows:
Standardization cent A
Sheehy, jr., chairman; Alfred T.
Souder, William V. Simmons, Roger
P HollingSWOrth. J. FOntaine Hall,
Kenneth F. Brooks and Anthony j.
Bvrne.
Trust law and legislatiOn-Lester
A. Lawrence, chairman; Erskine
Gordon, R. H. Yeatman, Stanley
D. Willis. Irving Zirpel. Leonard
Marbury and Sidney F. Taliaferro.
Education and publicity-Au-
brey o. Dooley, chairman; Earl G..
Jonscher, Lester A. Lawrence, Henry
X. Dierkoph and j. Wesley Clam
pitt, jr.
Standardized trust forms-Wil-
lard G. McGraw, chairman; Will
liam S. French. C. D. Ratcliffe,
Ralph w. Howard, jr.; William B.
Wolf, J. Frank Rice and Charles
w. Fitzgerald.
Life insurance truSts-Ralph w.
Howard, jr., chairman; Bruce S. Col
ton, Charles w. Fitzgerald, Melville
w. Stuart, Helena D. Reed, Vim
cent A. Sheehy, jr., and j. Robert
Sherwood.
Taxation-Thomas H. Reynolds,
chairman; William H Wagering
Henry w. Bransom, William Rea,
Thomas Grant, Harry w. Gauss
and Ralph G.. Wilson.
Trust vestmentS-Bernard l..
Amiss, chairman: Wilbur G. Deter,
Edwin B. Shaw, Herman G. Lauten,
Max E. Quigley Frank M. Perley
and Warren R. Forster.
Notes From Linotype Report.
Printed copies of the Mcrgenthaler
Linotype annual report, being dis
tributed in the financial district,
show cash on hand on September
80 as 81 1882 ,51O88, against s1276 900
q year ago. The company has no
debts except current items.
The company has total current
assets Of Sl3,678,655.0l and current
liabilities of s3537S451 Present to-
tai liabilities and capital stand at
42,l7604. The modest profit of
Sal, 1,450.58, or II cents share, is in
sharp contrast with the operating
loss of S225 ,026.54 last year.
The report refers to the "produc-
ton of outside work" but makes no
direct reference to the large number
of defense contracts received from
the Government. Evidently the
profit from this work will not appear
until next year, on account of the
time required in getting the new
work started. Linotype stock sold
off 27s points on the Boston Ex-
change after the report came out.
President Joseph T. Mackey con-
siders the outlook favorable unless
affected by unconscionable labor de-
mands and ever increasing taxes"
Today's Trading on Exchange.
Fifty shares of National Mortgage
& Investment preferred stock
changed hands at 4 on the WASH