Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-02
Federal Reserve
stncks n.nd
Peoples Drug Is Market Leader

NCOptcS OruB IS market Leader.
Peoples Drug Stores preferred was
the market leader on the Washington
STOCK Exchange yesterday, so shares
changing hands at 1882. Mergenthaler
Linotype closed the week at 1O8.
A single share of Federal-Anerican
National Bank stock sold at 28S and
one snare OF Commercial National Bank
STOCK changed at 23S, same as the last
sale. The remaining trading was in
bonds, $1,000 City & Suburban SIS
changing hands at SO and $500 WASH
ngton Gas SIS at 10034.
There was sale of 81 900 Potomac
Electric Power consolidated SIS at 1912
and OF 1000 Capital Traction SIS az
s51z. The week on the local exchange
closed with some slight improvement in
the total amount Of business transacted.
Peoples Drug Stores preferred is the
only issue on the board now being
quoted ex dividend.
The unlisted securities were called of
Yesterday and very few changes noted
IN the quotations. AS the Washington
5ase Ban Club goes into Spring train
ing, the stock Is quoted IS bid and IS
asked. A second division club viii leave
1t about where 1t Is now but q cham
pionship team would give it q substan-
tial advance.
Crane, Paris g. Co. has lust issued
folder giving most interesting infor-
nation on local securities. The list in
cludes such local corporations as the
Capital Traction Co., Norfolk g. WASH
ington Steamboat Co., Potomac Elec-
trio Power Co., Washington Gas Light
Co, and the Washington Railway &
Electric Co. A number of local insurance
stocks are also included, as well as the
most important miscellaneous issues.
Nearly all the Washington bank stocks
are also IN the list, the local trust COM
panieS also receiving their full share of
attention. Public utility bonds and
various other local bonds come in for
their full share of attention.
The information includes facts on the
par value Of the stocks, the amounts OF
stock outstanding, dividend rate, dates
Of payment, and the high and low fol-
the year since 1925. The price on the
last sale, the present bid and asked
prices, and the yields make the data
more complete. The bond information
states when the bonds are due as well
as the facts as to returns, etc.
Lincoln Bank on Business Status.
The Lincoln National Bank has
brought out its monthly review on bust
ness conditions. AS the third month oil
the year opens, the Lincoln says, evil
dence is accommodating that business is
recovering from its recent sinking spell
The improvement is moderate and by
no means uniformly distributed be-
tween the various components OF pro-
duction, finance and trade.
While this upward movement still
leaves current levels considerable be-
low the corresponding marks Of last
year, this fact presents no cause fol
concern in the opinion of most authori-
ties. Among these is Secretary Of Com
merce Lamont, who points out thai
January and February regularly repre-.
sent low points in the calendar Of thu
country's business, and these months
were exceptional In 1929.
That the current upswtng is not more
rapid is even viewed with a degree Of
satisfaction by some. These recall thu
experience of 1924, when a sharp de-
cline at the end of the preceding veal
was followed by q prematurely rapid re-
covery In the first two months, result
ing in a still more severe secondary re
cession which lasted well into the Sum
mer. The comparatively slow, but order
ly progress now being made Is viewed
as giving assurance that such mishal
is not likely to be repeated in the pres
sent case, the bank says.