Evening star., 1941-12-21
Dividend LIST
Continues 10
Grow Here
Washington Properties
Orders 5 Per Cent
Interest Payment
BY EDWARD c. STONE.


More yesr-end dividends were an
nounced in the financial district
yesterday, further extending the
long list declared in the past few
days.
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, l941, at the rate of 5
per cent on the companys general
mortgage income bonds. Interest
checks will be mailed on February
/, 1912, by the Central Hanover
Bank e. Trust Co of New York, pay
ing agent, to the bondholders of
records at the close of business JAM
uary 20, 1912.
Directors of the Lincoln National
Bank have declared the regular
semiannual dividend of 212 per cent
and also a special dividend of 2'2
per cent. payable January to stock
holders of record December % Pres
ident Floyd E. Davis announced yes
terday The board voted the usual
Christmas bonus for employees.
Terminal Refrigerating & Ware
housing Corp. directors have de-
clared the regular Semiannual dfvi-
dend of 81 so per share on the out
tanding stock, payable December 26
to stockholders of record December
19, Controller Robert D. Marshall
announced.
Declaration of an extra dividend
Of 81 per share on Richmond, Fred
ericksbure Il Potomac R. R. COM
mon stock. with the regular So
dividend, brings the l94l payments
on this issue to So a share. against
81 year ago. The newly voted
dividends will be paid December "a
to stock of record December 20.
Heavy Trading On Exchange.
Heavy trading prevailed on the
Washington Stock Exchange again
Yesterday, resulting in the most ac-
tive Saturday session of the year.
The largest bond sale in weeks was
recorded when a $4,000 transfer
of AnacoStia & Potomac River R. R.
modified 3s4 took place at l05a4
about two points under the last
previous sale.
Terminal Refrigerating q Ware
housing stock figured in a 25-share
sale at 5212, unchanged from sales
earlier in the week. Lanston Mono
type again appeared on the board
with IS shares selling at 207s, un-
changed
Washington Gas Light common
one of the most active stocks on the
list, opened with 10, 55 and 10 share
lots selling at l47s. around recent
levels. and closed with a 90-share
sale at IS Thirty shares of Capital
Transit came out at 14l., eX-divi-
dend. The days turnover in all is
sues totaling 260 shares.
Commercial Loans Climb.
The governors of the Federal Re-
serve System announced yesterday
that total loans and investments at
Banks in leading cities continued to
advance in the first two weeks of
December, due mostly to increased
holdings of Government securities.
Commercial loans. after little
change in November. again increased
sharply in the first two weeks of
December.
Excess reserves increased and
money in circulation continued to
show a marked increase The yield
on 21q per cent United States Gov
eminent bonds of 1872, which
reached a low level of 232 per cent
on November 5. advanced somewhat
in November and after the entry of
the United States into the war, rose
to $50 per cent
Department stores sales index ad-
In the previous month.
Third Office in Nation.
In his annual message to en-
ployes of the Chesapeake & Poto-
mac Telephone Co., President Lloyd
B. Wilson states that Washington
has become the third office in the
Nation in the number of toll mes
sages handled
He adds that during the year
there has been an increase of $4,000
telephones in the four companies of
which he is the head, while the
number of originate toll calls now
Is 81 per cent above last years rec
ord. In many cities. including
Washington and Norfolk, the in
crease has been substantially
greater.
He says all the companies have
done brilliant work in meeting the
extra demand of the defense pro-
gram.
Financial District Comment
The financial district was taken
completely by surprise by the an
nouncement that the Securities and
Exchange Commission. with 1.40O
employees, is to be moved to Phila-
delphia.
Brown. Goodwin e. Olds. invest
ment firm. gave their annual Christ
mas party for clients and other
business associates at the Columbia
Country Club Friday evening Sew
eral bank presidents were among
the guests.
The annual Christmas party of
Bank of Commerce 81 Savings en-
ployes, sponsored by President
Thomas j. Groom, will take place at
the Congressional Country Club to-
morrow night.
The Newport News Shipbuilding &
Dry Dock Co. has voted a year-end
special dividend of so cents share
on the common stock, making the
194l payments $3.50 a share
W. H. Herrin, general agent in
Washington of the Southern Pacific
Lines, has received word that
Armand T. Mercier has assumed his
new duties as president Mr. Mer-
cier has been with the company 80
years. since 1888 as vice president
Capt. F. G. Lucas, an expert or
defense methods, will address repre-
sentatives of the Washington banks
tomorrow afternoon at 3:3O al
headquarters Of the District Bank
ers' Association on what the banks
should do in the way of protective
measures under wartime conditions
He is associated with Col. Lemue.
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