Evening star., 1941-12-16
D. {. Exchange Stocks
Prominent in Big
Dividend Harvest
List Of Firms Adding
To Yeur-End Flood
Grows Steadily
By EDWARD c. STONE.

BY EDWARD L. SIONE.
Securities listed on the Washing
ton Stock Exchange are playing
their full part in the 'year-end di-
vidend harvest" the list of stocks
now quoted ex-dividend being one
of the longest in the history of the
exchange.
Dividends already declared and
soon to be paid stockholders are
being disbursed on such issues as
American Telephone. Capital Tran
sit. National Savings & Trust Co.,
Carpet Corp. and Garfinckel COM
mon and preferred stocks.
Other dividends are being distrib-
uted on Mergenthaler Linotype,
National Mortgage & Investment
preferred, Peoples Drug Stores COM
mon. Real Estate Mortgage e. Guar
anty preferred and Woodward g.
Lothrop common and preferred.
In addition, many other stocks
listed on the exchange have already
paid their fourth quarter dividends,
among them being several bank
stocks, Potomac Electric Power
issues, Washington Railway g. Elec-
trio issues. Lanston Monotype. Lin
coin Service common and preferred.
Several Extras Declared.
Every issue on the Washington
exchange has paid some kind of
dividend during the present year.
Several extras have also been de-
clared, ranging from 25 cents to
$3.50 a share. The years dividend
on Capital Transit gives the stock
a Weld of about per cent, while
washington Gas common. partlc-
ularly active stock, now yields $50
per cent.
Many Washington bank stocks
sold over the counter and other
issues in that list have also made
fine 1941 dividend records. survey
reveals. Here. too, the regular dlvl-
dends have been declared along
with some extras.
Similar to Washington reports
are those from Wall Street which
disclose an avalanche of dividends
uneoualed in years. The November
total was the best for that month
since 1896. In the first II months
of this year dividends showed an
increase Of nearly 10 per cent over
1910 and were greater than for the
full years 1889 and 1888.
Banks Declare Yule Bonuses.
More Christmas bonuses have been
voted by Washington banks, 1t was
learned in the financial district to-
dav.
Directors of the McLachlen Bank
ing Corp. have declared a Christ
mas bonus for all employees, equal
to one-half months salary, Presi-
dent L. P. McLachlen announced.
Directors of the Security Savings
IL Commercial Bank have voted
and already distributed holiday
bonus equal to a half months pay
for all employees, President Francis
G. Addison, jr., stated.
Directors of the City Bank have
declared Yuletide bonus of so
per cent Of monthly salaries for all
employees who have been with the
bank for year, the amount being
notably increased for those who
have served the bank up to 10 years,
President c. F. Burton said. For
some 1t amounts TO a months SAL
ary.
Morris Plan Bank directors de-
clared a bonus for all employees OF
the bank ranging from to 7 per
cent of salaries, depending upon the
length of service, President Willard
G. Barker stated Tht holiday gift
was distributed to the personnel at
the annual Christmas party held in
the lobby after banking hours last
Saturday afternoon. 1t was joyous
affair.
License Date Coming Rapidly.
Every business establishment en-
gagged in selling certain consumers
durable goods on the installment
plan, or in making loans to con-
sumers repayable in installments,
is required to register with the Fed
eral Reserve Bank of its district and
to obtain a license in order to con-
tinue to transact such business after
January l, 1912.
The registration and licensing of
such concerns are required by reg
ulation wv issued by the Board of
Governors of the Federal Reserve
System under an executive order of
the President of the United States.
The purpose of this regulation is
to control consumer installment
credit. The list of durable goods"
whose installment sales are subject
to regulation includes such articles
as automobiles, radios, refrigerators,
pianos, sewing machines and other
household equipment.
Bank officials said today they are
furnishing registration forms to
many of their clients and helping
them In every way possible. There
is not a minute to lose in applying
for the licenses, they added,
Heavy Trading On Exchange.
One of the heaviest trading ses-
slonS OF the year was recorded on
the Washington Stock Exchange to-
day. Washington Gas Common led
the market with 675 shares selling
at Is, in nine different transactions.
Mergenthaler Linotype opened the
market with 55 shares selling at 26,
ex-dividend.
Capital Traction bonds registered
q $4,000 turnover at 103. In the
bank stock division, Washington
Loan e. Trust sold at 205 on s.
share transfer.
Potomac Electric Power 5ia per
cent preferred moved in small lots
at liz, Capital Transit was active,
88 shares moving at ID. eX-dividend.
The Exchange adjourned out of
respect to John F. Wilkins, a men,
ber for many years, who died yes
terday.
Francis G. Addison, jr., president
of the Security Savings e. CONNER
cial Bank, has returned from
hunting trip to Mississippi. Rain
put a crimp In any new hunting
records