Evening star., 1941-12-05

year. being closely associated WITH
the president, Emmett F. Connely.
Nj. Folger is president of the
Washington Bond CLUB. has given
an unlimited amount of time % this
years Community Chest drive and
is a director III several business or
ganlZatlOnS.
Mergenthaler Votes Sl.50.
Directors of the Mergenthaler
Linotype Co. today declared a dlvl-
dend of $3.50 per share on the out
standing stock, it was reported from
New York.
The Unexpectedly large diSburse-
ment Will be made December % 20
stockholders of record December IS.
The company has An unusually large
number of stockholders in the
Capital
The dividend announcement fol-
lows the recent annual report. which
showed a complete turnabout in
earnings during the past year, net
returns having moved up from only
II cents per share a year ago TO
almost Sc a share.
The latest dividend Of Slj0 brings
the years total payments to 81 per
share
Heavy Day on Exchange.
In Cne Of the heaviest trading ses-
slons Of the year on the Washington
Stock Exchange, Mergenthaler Limo
type jumped from % to 30 following
the dividend announcement. Ten
shares changed hands.
Capital Transit was active, open
ing At IS and closing at 1512 on a
turnover Of 95 shares. One 5O-share
sale was recorded.
= Lanston Monotype sold today at
'207s. up =. Eighteen shares of
Washington Railway e. Electric pre-
ferred registered 49,. Potomac
Electric Power So per cent prefer
red came out at 1l4L2
Real Estate Title Insurance Co.
stock sold a. 1863, against the last
sale at 1922, 10 and ) share lots
changing ownership.
Ten shares of Lincoln National
Bank stock commanded 900, first
sale on the board this wear.
Home Loans Total S6,645 900.
Washington home financing dur
ing october by all types of mortgage
lenders amounted to S6645. 900. with
a total Of 1896 mortgages on homes
being recorded. economists of the
Federal Home Loan Bank Board re-
vealed today. These figures compare
with 1434 home mortgages amount
ing to S6,777000 during October,
1910
By the various types of lenders,
the number and amount Of District
Of Columbia home MORTGAGES re-
corded in October were as follows:
Savings and lOSn associations. 573
for S3l32000; insurance companies,
Is for S53G000; banks and trust
companies, SO for s644.OO0: individ-
uals. 472. for l,4l6OOO; Others. 1T
for $4,000.
Maryland home financing during
October amounted to S7,517 900, with
total of 2,739 mortgages on homes
being recorded, compared with 2,549
home mortgages amounting to So
994 900 during October. 1910.
Virginia home financing during
October amounted to 81 59l 900. with
total of 3.039 mortgages on homes
being recorded. compared with 1898
home mortgages amounting to
S10,ll0000 during October. 1910.
Nye Van Week Promoted.
A Nye Van Week, former men,
Der of a Washington law firm. has
been placed at the head Of the
fduciary department of the Guar
antv Trust Co. in New York. sue
ceeding NJ. P. Callaway retired. Mr.
Van Week, a vice president, has
been connected with the trust de-
partment since 1919.
Born in Washington, he obtained
his law degree from George Wash
ington University, practicing here
for several years. He was a lieu
tenant in the World War, later serv-
ing for a year in the Government
off of the director Of finance.
Mr.. Galloway, now retiring, lived
in Washington for years when he
was assistant special counsel for the
Associated Railways & Steamship
Cos of the South.
Financial District Comment.
Fred c. Gatlin and Frank Han
cock. members of the Federal Home
Loan Bank Board, were among the
guests at the Florida convention of
the United States Saving and Loan
League. Francis J. Clark, national
bank examiner, also was present.
Election of Carl j. Bergman of
Washington to the Board of Direc-
tors was highly gratifying to the
Capital delegation. He represented
the national association In this ter
ritory last pear.