Evening star., 1924-02-23
SECURITIES STRONG
IN LOCAL MARKET
Real Estate Title and Capi-
tai Traction Features.
Financial Notes.

Washington securities were decided
ly strong in today's session on the 10
cal stock exchange, majsr interes,
centering on Real Estate Title Insur
ance Company and Capital Tractio,
stocks. The former recorded net al
vance of points to new high lev.f
at lS6, while the latter advanced .,
OF point to 95i2, thirty shares sell
! ing at this figure.
washington Gas stock continued t.
hold It's recent strong level at AZ,
ana ana hallway preferred sold at 74i,
! t"entH-hFe shares Of Union TruSl
company sold at 1861
Washington Gas is of 1893 chanced
hands at 1910 Il, tho 5S Of the comnanv
soid at 9al4 and Capital Traction -
brought 3Gh.
North American Dividend.
quarterly dividend on the com
mon stock of the North American
conapany VIII be paid on April / III
common stock at the rate of one
IoTtleth of one share for each shart.
heid at the close Of business on March
o. also Il quarterly dividend of II.
per cent on the per cent cumulative
preferred stock viii be paid on IN,
same date to preferred Stockholders
of record March .. Transfer books vii,
be closed from s pm. March . 10 10
d. m. March I3
Stockholders may receive cash IN.
such dividend common stock at H..
rate OF 80 cents a share Of common
STOCK held by signing and rcturniIis:
order form provided for that purpo~..
SO that it shall be received By III,
company not later than March H.
New Bonds on Market.
Swartzell. Rheem & Hensey' an
offering sl,25o 900 of 6L. pe- cent fir
mortgage bonds, secured by the An
napoiis binding, now under conStruc-
ton at 18th and II streets northwest
The issue is dated February Is and
NATURES Fi February Is. 1923. tn
with the ground floor occupied j.,
stores and the remainder by apar'
mentS.
The estimated annual rental is
$4,000.
Banquet Plans Completed.
Tonight's banquet of the local chan
ter. American institute of BANKING.
will start promptly at o'cio.E
Chairman H. ". Burnside announces.
Speeches will be short. James c.
Dulin. jr, president Of the Washing
ton chapter having been allottea
HAYNES. president of the Districr
BANKERS Association. Clarence T.
Chaney, national president, will oc-
cupE the roStrum for ten minutes, and
.oHsr resS1nah Morrison. who Will
deliver the main talk of the evening
mas been allotted fifteen minutes.
Liberty Bond Warming.
1t is generally conceded in III.
financial district that there has beea
more or less speculation in liberty
ponds since they made their advent
INTO the markets OF the country, not
only on the part of investors who
ordinarily purchase these bonds for
strong box purposes, but on tho part
OF a number OF the banks themselves.
In this connection one of the coun-
trys largest dealers in liberty bonds
has issued the following warning
pertinent TO the recent upward move
ment in thhse securities: .Institu-
tlons notably country banks. hav"
bought, and are carrying abnormal
amounts, expecting a price advance
Banks in general, which planned to
sell their holdings at various price
levels. altered their intention when
those limits were reached and again
specified still higher price levels and
limits at which they could liqudate
ANY general scramble to unload in
the face of 4 sudden shifting oil the
financial skies might reasonably en-
counter an unsettled market situa-
tion and result in substantial losses
instead Of profits ~ present tn
multitude is arrayed on one side. ana
al, al are anticipating an opportunity 10
sell out at the top without knowing
exactly who the waiting buyers VII.
be-"
Local Securities Prices.
The following latest bid ana
asked" prices for unlisted securities
are quoted for the guidance of hold
ers Of these issues:
BONDS
Bid. asked
Army and Navy Club IS ...... q,
Cosmos Club 4s............... 20
Cosmos Club Ais ............. ~ 49,.
t1ty club as -..-.-..........., 40
Metropolitan Cub 4ias ....... 20
STOCKS.
.4nacostia Rank ............ zoo
Chaplin Sacks IS pfd.-........ - q"
Chaplin Sacks - pfd d........... 20 40
Citizens Savings Rask ........ ia; Is
Connecticut Pie 20. ........... 15l 80
Christian Heurich Brewery -. 30 81
Raleigh Hotel TO. tn............. Sn
Departmental Bank ............
District Title Ins. Co......... Ii w
Exchange Bank .,............. Ii ...
Franklin National Bank ....... 40 -