Evening star., 1940-12-20

Thomas W. Brahany. firm of Win
throp Mitchell & Co. will withdraw
from the Washington field and close
the Office at 729 Fifteenth street.
{ Winthrop Mitchell is one of the
oldest brokerage houses in Wall
Street and has maintained an Of
fee in this city for long period of
years. Closing of the Office here will
be regretted.
w. r. & f. Declares S6 Extra.
Directors of the Washington Rail-
way g. Electric Co. have declared an
extra dividend of $6 per share on
the common stock. payable Decem-
Der % to stockholders of record De-
tember 26
This extra brings total dividends
paid this year on the common stock
to $45 share. Last year the COM
pany paid $50 share in regular and
extra disbursements.
The directors declared two divi-
dends on the preferred of $l25 each.
The usual quarterly dividend will be
paid on March l to stockholders of
record on February Is and the other
quarterly on June 2 to sharehold-
ers of record on May Is.
Potomac Electric Power directors
declared the S150 dividend on the
6 per cent preferred. payable March
to stock of record February Is and
the usual s1.37,a dividend on the
5lz per cent preferred, payable
March l to stock of record Febru-
ary Is.
Van Horn Known In District.
c. w. Van Horn. who has Just
been elected vice president, for op-
Grafton and maintenance, of the
Baltimore g. Ohio r. R., to succeed
the late c. w. Galloway, is we'll
known in the B. & o. Offices in
this CITY,
AS general manager of Eastern
Lines, since May l, 1882, with head
quarters in Baltimore. he has been
"a frequent Washington visitor
From 1923 to 1925, Mr. Van Horn
was general superintendent of trans
portation, so that he is unusually
familiar with the whole B. & o.
system.
AS announced in yesterdays Star,
he was born in Clarksburg, w. Va.
January II. 1879, and started his
railroad career as clerk.
South's Growth Very Rapid.
Expansion of manufacturing in
the South was most impressive in
1889, according to the Blue Book
of Southern Progress. just brought
out by the Manufacturers Record,
Baltimore.
The value of manufactured prod
ucts in the South in 1899 exceeded
$4,000, 100000, or more than $780,
100000 above the figure for 1887
The total in 1899 surpassed the
previous high of 1929, and this is of
special significance in comparison
with the value of manufactured
products for the rest of the country
which declined in 1899 below the
1887 figure and was $4,000, 600, 600
below the 1929 total.
OF all the timber cut in the
entire United States. over as per
cent comes from the South. In
cidentally, the value of Southern
furniture products, amounting to
1888 099,81 shows gain of nearly
IS per cent.
Construction contracts awarded in
1899 totaled 1925, ,98l 900. The total
for the first eleven months of 194C
reached 1924 100000, which is the
highest figure reached for the
Southern States not only during an
11-month period, but during any
one year, the Blue Book says.
Interest Payment Declared.
The Board of Directors of Wash
ington Properties, Inc, at its meet
ing yesterday declared interest for
the six months fiscal period ended
october 81. 1910, at the rate of 2.85
per cent on the company's general
mortgage income bonds. Interest
checks will be mailed on February
/, 1941, by the Central Hanover
Bank & Trust Co. of New York
paying agent. to the bondholders of
record at the close of business
January 20. 1941, Humphrey Lloyd
secretary, announces.
League Council Meets Monday.
F. Wilson Camp, secretary of the
District of Columbia Building and
Loan League, announced today thai
the meeting of the Executive Coun-
Gil has been advanced to Monday as
the regular meeting date falls on
Christmas Eve.
The same situation applies to the
monthly gathering of the entire
membership now slated for Monday
December 80, instead of New Yea
Eve Both sessions will be held al
the Raleigh Hotel at 1890 pm.