Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-07
TRADING IS LIGHT
ON D. c. EXCHANGE
Capital Traction Closes at
80 3-4-UnIiSted Prices
Are Announced.
BY EDWARD c. STONE.

seemed TO catch the lack of spirit mani
Tested on the New York Exchange and
the DAYS sales were very light.
Capital Traction closed the week at
1924 ON a 10-share sale, off fractionally
from yesterdays final quotation. Com
mercial National Bank stock registered
200 today on sale of only two shares,
The rest OF the trading was in the bond
division, Washington Gas SIS registering
1oI and Washington Gas Is, series B.
los and 1867.
Securities in the Unlisted Department
were called off, as usual on Friday, and
few changes made in quotations The
asked price on Mayfiower Hotel IS was
lowered from As to 80. the asked price
on Metropolitan Club 4 u was reduced
one point to 100. "a still being bid
The bid ON National Press Building
first 5Iss was advanced from 56 to so,
and the bid on Washington Base Ball
Club stock was lowered from IS to so.
Local Securities Hold Steady.
washington Railway 81 Electric pre-
ferred and common stocks have remain
ed very steady SO far this rear when
many other issues have not been so
firm, especially some issues on the New
York Stock Exchange. Railway g.
Electric preferred is now selling around
100 on the local exchange, the low for
the present year being only 971a. This
means yield of per cent.
This stock has varied hardly 10 points
in five years. In 1926 the high mark was
e134 and the low 8814 The next year
the high was 1919 and the low co.
while In 1923 the stock sold I'D to l04
and down to 99Ia. During the year of
the Wall Street break the stock dropped
from 1894 to 90, while in 1880 it
fluctuated from 9912 to SO. BY remain
ing above 81 this year, the stock has
displayed rare strength.
Washington Railway 81 Electric COM
mon is equally interesting, although its
record reveals much wider moves Back
in 1926 the stock sold as low as 1854
and then climbed to $50. The next
year. 1927. saw a tremendous advance
in the common stock, quotations rum
ming from $50 to 400. It was steadier
IN 1923, gaining only IS points during
the whole year, closing at ABS. The
Disappointing period for the stock
came in 1929. when, with low mark
OF 500, it scared to $780, In 1880 it
dropped back to $50 and made a low
mark of 500, practically where it is
now 1t sold once this year at AL, but
changed hands the other day at 500.
Debts to Individual Accounts.
During the five weeks ended July Is,
aggregate debts to individual accounts
in the "a reporting cities in the Fifth
Federal Reserve District, totaled Sl,376,
SIS, 600. an increase of $50, 304 600, or
So per cent, over debts totaling ST.
296 900 during the preceding five
weeks, ended June 10, 1881. This in
crease was seasonal. and was caused by
quarterly and sen1i-annual payments on
and around July /, but the rise was
somewhat less than usually occurs at
midyear. The increase in debts dur
ing the latest i've weeks was generally
distributed throughout the district, 10
Of the "a cities reporting higher figures
Heavy Bill Oversubscription.
Acting Secretary Mills announces that
subscriptions of 5000, 79s, 900 have been
received for tenders of $50, GOO, 600 of
9i-day Treasury bills which were Of
fered on August 8. These bills are
dated August 20 and mature November
g. Tbs highest bid made was 99878,
equivalent to an interest rate Of about
0,4S per cent on an annual basis. The
lowest bid accepted was 99.846, equiva-
lent to an interest rate of about 0.6l per
cent on an annual basis. The total
amount Of bids accepted was S60.005 000
The average price of Treasury bills TO
be issued is $685. The average rate
On bank discount basis is about 0.56
per cent.
National Dairy Reports Net.
National Dairy Products Corporation
and subsidiaries report for six months
ended June 30, 1881. consolidated surplus
Of Sl0.552 826 after depreciation, inter-
est. Federal taxes. subsidiary dividends
aad preferred dividends Of National
Dairy Products Corporation. equivalent
to Sl.68 share on 6,263.l4i no-par
shares OF common stock outstanding at
end Of the period. This compares with
consolidated surplus for the six months
ended June 30, 1880, OF S12.947,21I,
equal to So i6 a share on 5.97l636 COM
mon shares outstanding at end OF that
period.
Temperatures during July In the ter
ritory served by American Ice Co. we're
the highest for that month for the past
20 years end as result American Ice
Co sold $4,000 tons more ice than IN
July, 1880, This was an increase Of
2lg per cent IN ice sales for the month.
In ike with the easier tone in coTn-
modify prices, however, the price OF Ice
was easier, and, despite the larger
volume earnings OF the company fer
the month VIII not be up to those Of
July. 1880, says New York report.
Cleaned In Financial District.
Rolfe z. Boiling. manager OF the Fiji
tenth ana II street branch Of the Fed
erai-Anerican National Bank e. Trust
Co, returned this week from f1is vacs-
ton spent In Southern Virginia, He
brings back the report that the finest
crops IN the history Of the State are
being raised, but the demand for all
this fine farm produce is lacking
william Knowles Cooper, partner in
Crane, Parfis a. Co. Is passing part Of
his vacation on motor trip While
away he Will attend the National
u. NJ g A Convention
Albert S. Galley, vice president Of the
Lincoln National Bank has returned
from an extended motor trip through
the Middle West
Thomas M Groom vice president and
cashier OF the Bark uf Commerce &
Savings. has returned from three
week vacation In Mobile, Ala. and else
where ia the South Executive Vice
President John ~ Ricrdon leaves here
for Nantucket IN a few DAYS
Maurice Ofterbacls president Of the
Anacostia Bank, lea res here tomorrow
FOR q vacation az Atlantic City
a circular containing sn analysis Of
the Manufactures Trust Co New
YORK is being distributed by Robert C.
Jones a. Co
TIE District ri Columbia Life Under
writer's Association is planning for a
special outing at the Congressional
Country Club on August co.
WASHINGTON bank olearipgs for today:
ss81B,558.26