Evening star., 1947-11-26
Lincoln Service Corp.
Votes Extra Dividend
OF Gents a Share
By Edword c. Stone

Directors of the Lincoln Service
Corp, industrial banking firm, have
declared an extra dividend of so
cents a share on the common stock
and an extra of so cents on the
60 participating preferred, Charles
Delmar, president, announced today.
The board also placed the COM
mon stock on $3.50 annual basis
commencing in 1e48. The stock has
been on 81 basis. with several extras
declared in recent years.
The directors declared the regular
quarterly dividend of 87l2 cents
share on the 10 preferred stock
37l2 cents on the SO participating
preferred and Is cents share on
the common, all payable, including
the extras, on December II to stock
of record November %.
Conclave Delegates Listed.
Among Washington investment
bankers who will attend the annual
convention of the Investment Bank
ers' Association Of America, which
opens in Hollywood. Fla, next Mon
day. are James M. Johnston and
James H. Lemon, of Johnston
Lemon g. Co.. J. Clifford Folger and
Arthur Friend, of Folger. Nolan g.
Co., and Richard P Dunn, of Auch-
incloss, Parker e. Redpath.
The Washington office will also
be represented. Mr.. Folger will make
one of the important committee
reports. Mr.. Lemon is chairman Of
the investment bankers group in
this territory.
Pence Common Very Active.
Potomac Electric Power common.
when distributed, was very active
on the Washington Stock Exchange
again today, with nearly 900 shares
changing hands. The stock opened
at 1878 and closed at l3.
The stock appears to be selling of,
an exchange member said today, IN
anticipation of the large amount Of
stock expected to come into the
market when the North American
Co. makes the coming distribution
of these shares to North American
common stockholders. The present
Weld is we'll over per cent which
means plenty of buyers, he added.
The District of Columbia con-
tinues to hold the highest life in
surance average in the United
states, $1,000 per family or $4,000
ahead of the national average, the
Life Insurance Institute reports.
District Theaters Corp. has de-
clared the usual quarterly dividend
of 90 cents a share on the common,
payable January 6, to stock OF record
December IS.
Sesboard Finance Corp. voted the
regular quarterly dividend OF IS
cents on the convertible preferred
and 55 cents a share on the com
mon. both payable January 10 to
stock of record December Is.
Paul Urges Tax Reduction.
Randolph E. Paul. former general
counsel OF the Treasury Department
and an expert on taxation, told the
Controllers Institute last night at
the Carlton Hotel that a fair share
of any tax relief must go to the lower
income brackets, which are pressed
hardest by high prices. While ia
voring tax relief for the needy, ne
stressed the importance OF sound
tax policy that will yield required
revenue and treat all persons alike
Harry A. Magee, Washington at
tornev, has become associated with
Kal, Enrich & Merrick, Inc. ad-
vertising firm, as public relations
consultant.
Donald E. Ernst is president and
E. F.. Cave vice president OF new
firm, Better Body Builders, Inc, Or
ganized in Bethesda to serve truck
body buyers in the Middle Atlantic
States