Evening star., 1942-02-18
Three Dividends Declared.

W6Sl VII SlIlAd, IT SOOlOo Il ----
North Carolina. Is stores 81 ----
South Carolina, II stores AT ---
Three Dividends Declared.
Directors of the Lincoln Service
Corp. have declared the regula,
quarterly dividend of Ia per cent
per share on the per cent cumu-
lative prior preferred stock, Charles
Demar, president, announced to-
day.
The directors also declared the
regular quarterly dividend of 1l2
per cent on 6 per cent cumulative
participating preferred stock and
the regular quarterly dividend OF
25 cents a share on the common
stock, all dividends payable March
12 to stockholders of record Feb
ruary 28
There are many holders of these
stocks in the Capital. President
Delmar added that January showed
the largest net income for any
month since the -ompany has been
in business.
Marbury Enters Naval Service.
For the second time in as many
months the Washington Loan &
Trust Co. has yielded one of its
trust officers to aid in the national
defense. Today Leonard Marbury
reported for active duty as lieuten-
ant commander in the United States
Navy.
He entered the naval service orig
inally in 1877 as an aviator with
the rank of ensign, retiring in 1922
as lieutenant to return to the trust
company During the first World
War he was assigned TO instruction
and sea patrol duty.
1t. Comdr. Marbury is president
of the District. Life Insurance Trust
Council and was formerly chairman
of the fiduciaries section OF the Dis
trict Bankers Association.
Change in Hours Considered.
Wilfred H. Blanz. president of the
District Building & Loan League,
has appointed a committee to work
with civic bodies in an effort to
stagger working hours, E. L. NC
Aleer being chairman. The two
other members are John E. Buckley
and R. w. Santelmann.
The Executive Council. meeting
at the Raleigh Hotel yesterday, voted
to close the building and loan as
sociations Monday in observance of
Washington's birthday anniversary.
Carl j. Bergmann, member of the
Board of Directors of the United
States Savings and Loan League,
reported on the recent Chicago con-
ference. The guest speaker was N.
c. Hines, president of the Arlington,
Alexandria and Fairfax realtors.
Groom To Boost War Bonds
Thomas J. Groom, president of
the Bank of Commerce & Savings,
will speak over Radio Station VOL
at s pm. tomorrow on Defense
bonds. This is another talk in the
campaign being conducted by the
District Bankers Association.
Sales of American Stores for jan
uary totaled 16938 1863 jump of
S5.088,764 or 429 per cent. The
December upturn was AL per cent,
Charles w. Phillips has been ap-
pointed manager of agencies of the
Atlantic Life Insurance Co. of Rich
mond Va. For many years he has
been associated with the company
through Atlantic Agency. Inc, gen.
eral agent for Virginia and the
District of Columbia.
Real Estate Bonds Strong.
Two Washington real estate bonds
-Mayf1ower Hotel first 5s and Ma
tional Press Building 4'2s-were
among the January leaders in the
Amott, Baker list of 200 Eastern
issues on which monthly price
averages are based. They were
among the first 10 having the largest
gains.
MayfloWer Hotel first IS closed the
month with a point gain, with 139
bid. National Press Building As
climbed 312 points. ending the
month with a bid of 40. National
Press Building first 35s also made
a fine January showing, advancing
three full points and ending the
month with a bid of 9212.
Washington Properties, also in
cluded in the list, made an equally
good record. being up 312 points and
closing January with a bid of 78.
The biggest gain of the month was
made by Rittenhouse Square 6s. in
Philadelphia. up 1512 points.
Riggs Bank Stock Strong.
Trading on the Washington Stock
Exchange today was limited to the
sale of 10 shares of Riggs National
Bank common stock at 282, against
the last previous sale at 281.
From the first sale this year at
260, Riggs common has moved up
% points, the largest advance OF
any bank stock on the board. With
the recent 81 extra the stock is now
paying $40 a year, or a yield OF
about 3.55 per cent.