Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-12-11
More Dividends Declared.

VI IllC l>dllOlldl ooNl1i6o
& Trust Co. have declared the regu-
lar dividend of 81 per share on the
outstanding stock, payable February
l to stockholders OF record January
%, Vice President David Bornet
announced today.
The Board of Trustees of the East
Washington Savings Bank yeSter-
day declared the regular seml-an-
nual dividend of 4 per cent, payable
December 81, to stockholders of De-
cenber %, S. Wilson Earshaw, Sec
rotary and treasurer, announced to-
day
Directors of the Columbia Title
Insurance Co. have declared the
regular dividend of 3 per cent due
at this time and an extra dividend
of 4 per cent, both payable on De-
cember 81, it was announced today.
Directors of American Airlines,
Inc, have declared dividend OF 81
a share on the common stock, pay
able December % to stock of record
December Is, and a quarterly divi-
dend of $10625 on the preferred, pay
able January IS to stockholders OF
record January 4.
Directors of the Union Trust Co.,
meeting yesterday voted Christ
mas bonus of one-half months pay
to all officers and employees, Ord
Preston, head of the institution, an
nounced today. The bonus has
already been paid.
Club Honors George Black.
George T. Black, for several years
secretary and treasurer of the Life
Insurance Club of Washington, was
honor guest at testimonial dinner
last evening at the Parrot Tea Room,
1701 Twentieth street. He has been
one of the leaders in the club ever
since it was founded and is con-
nected with the Sun Life Assurance
Co., of Canada.
Charles B. Sinclair, president of
the club, paid tribute to Blacks bril-
liant career in the insurance bust
ness and on behalf of the members
presented him with a handsome
desk set.
Following the dinner, Frank C..
Jude of the New York Life Insur-
ance Co. spoke on ways to in
crease production. He stressed par
ticularly the plan by which agents
lay out certain amount of work
to be accomplished each week.
Unofficial reports made at the
meeting indicate that life insurance
business in the Capital is now the
best it ever has been.
Trading Called Economical.
William NICK. Martin, jr, New
York Stock Exchange president, de-
clares the exchange can soundly
argue that the market it affords for
the purchase and sale of listed
securities is an economical market.
The buyer or seller can learn in
advance of taking action what the
appraisal of a particular stock or
bond is in the opinion of many other
people-he can look on the ticker or
ask his broker and receive current
information about prices directly
from the floor of the exchange
The commission he has to pay his
broker is a fixed commission, pub
licly known, and the size of it, COM
pared with commissions paid in
most other departments of business,
Is moderate.
You can buy $4,000 worth of a
fairly high-priced stock like Union
Pacific at a brokerage commission
of about $25. If you sell a house
for $4,000, the brokers' commission
might be per cent of the price,
or $500, he said in a Pacific Coast
address.
Yule Clubs Get Good Start.
Christmas savings clubs for 1941,
which were opened by Washington
banks on Monday, December 2, are
getting away to a fine start, bankers
said today.
While it is too soon for any gen.
eral comparisons, bank officials say
memberships are running ahead of
last year on the same dates. In
every bank where inquiry was made,
it was learned that both the number
Of depositors and the amounts sub
scribed are ahead of the present
year.
The 1910 clubs paid back about
$5,50O,000 to about 10000 members.
Those figures set high 1941 goal.
Some banks have made no efforts to
advertise the new clubs, yet mem
berships are running ahead of last
year, it was learned today.
Today's Trading on Exchange.
Capital Traction IS opened trading
on the washington Stock Exchange
today with two $500 transfers at
1857, unchanged.
Interest was also shown in WASH
ington Gas IS, 1860, with $500 NOV
ing at 1904, close to the high mark
for the year. This issue is the high
est priced bond on the board.
In the stock division so shares of
Washington Gas light preferred
appeared on the board at 107,