Evening star., 1942-12-07
MergenthaIer Report,
$1,472,79S Profit !
In Fiscal Year
Equals $6.25 q Shore,
Compared With $3.50
In Previous Yeur
BY EDWARD C. STONE.

Net earnings of the Mergenthaler
Linotype Co. for the fiscal year
ended September 80, 1912, amounted
to $1,472, 1893, equal to $6.25 share
on 235 ,687 shares of capital stock,
excluding 20,313 shares held in the
treasury, compared with net profit
of 81 1897 $50, or SIS. .89 a share, in the
preceding year, it was announced
today in the annual report.
This was the best showing Mer-
genthaler has made in two decades.
The net profit was earned after
depreciation, provision of $1,700,0 900
for Federal normal income tax and
surtax, $975,230 write-down OF
assets in enemy and enemy-occu-
pied countries, chiefly Germany, and
a special reserve of $4,000 for pos
sible losses resulting from wartime
conditions.
Profits from operations during the
year amounted to $4,609 $50, and
other income to $499,055, making a
total of $5,1O8,7 ,704, before taxes, spe-
cial charge-offs and reserves, or the
equivalent of about $21 per share
OH the outstanding stock.
Mergenthaler's current assets as
of September 80 last amounted to
S18,45l OPS, and current liabilities
were $1,652,789, against 5,151 ,804
and $1,128, ,484, respectively, at the
end of the preceding year.
On December % the company will
pay a dividend of S150 per share,
fol Of In
The report bears out previous state
ments that Mergenthaler has all the
war orders the company can possibly
fill for many months.
Bond Purchases S108, 8,0O0, 900.
First anniversary of Pearl Harbor
finds the building and loan associa-
tlons and cooperative banks of the
country over the top in their cam
paign during the last half of 1912
to lend Uncle Sam $1O0,000,O00 to
fight the war. it was announced to-
day by the United States Savings
and Loan League.
The drive, sponsored by the
league, was the first concerted effort
of these institutions, whose funds
are usually devoted exclusively to
home financing, to invest in Gov
ernment bonds. Reports are in from
1900 individual institutions from
every State and the District of
Columbia.
Fermor S. Cannon, chairman of
the bond drive, reported that $1O8,-
100000 of Government bonds have
been purchased by these institutions
since July 8. He pledged continued
and expanding cooperation with
the Victory Fund Committees which
are pushing the purchase of bonds
by corporations which usually do
not own Government securities.
The Chicago report was received
by Edward G. Baltz, chairman of
the District Building and Loan
Leagues committee assigned by the
national organization to raise So
o00,0OO In the campaign. AS already
announced by Mr.. Baltz, the S3OOO.-
oo0 quota was oversubscribed by the
building and loan associations in
the Capital.
The national goal for the building
and loan associations in 1943 has
just been set at 100000 900. these
purchases being entirely separate
from Victory bond buying by pa
irons.
Capital Transit at New Peak.
Capital Transit sold at the highest
price in years on the Washington
Stock Exchange today when ITO
shares moved at 81, ex-dividend, a
full point gain. The stock closed
with 261a bid and 271z asked.
Potomac Electric Power per cent
preferred also scored a new high
mark, with small sale at 116a, up
IA. Later the stock sold at ISL
and 116ss.
Capital Traction bonds were
strong at 1855. Riggs National
Bank preferred came out at 1927.
a new 1912 high and a gain of full
point. The days final sale was in
Washington Railway & Electric pre-
ferred at Ill, off a point.
National Mortgage e. Investment
preferred and Real Estate Mortgage
u Guaranty preferred have been
added to the issues now quoted ex-
dividend.