Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-05

other bond sale made today was $500
transfer in Washington Gas IS, series B,
Mt lot. The first stock sale w. -
Potomac Electric Power 5h per cent
preferred at 111A, with another at
lll1a.
figured Ia one sale at 202. Lanston
Monotype opened at 864 and closed up
half point, sales totalmg 70 Snarss.
ration selling at 18l2 for IS shares, and
Is shares more changing hands at IL.
Popularity of Stocks Changes.
study Of the changes In portfolios
Of investment trusts reporting holdings
as of June 80, reveals some interesting
diyerrences Of opinion as to the desir-
ability of holding various securities as
well as some surprising unantmity OF
Last March, the Wall Street Journal
set forth the results of an examination
of the portfolios of large number Oh
MANAGEMENT type investment trusts as
to the order of popularity OF common
stocks. 1t showed that American Tele-
phone 81 Telegraph Co. was the most
popular issue and that the first 10 in
order Of preference were: American
Telephone, Consolidated Gas Of New
York. American Can, United States
Steel. General Motors, Union Carbide,
General Electric. National Dairy Prod
ucts, standard OH OF New Jersey and
Electric Power 81 Light.
Comparison Of the portfolios OF 10
trusts reporting holdings IS Of June
80. 1881, shows that among these 10
most popular stocks, only Consolidated
Gas retained unbroken popularity, while
standard Oil of New Jersey lost con-
siderable popularity.
Candy Concerns Making Money.
Because of the drop in cost Of raw
materials, confectionery manufacturer
are making more money during 1881
than 1880, says the Alexander Hamil-
ton Institute. The showing Of the con-
fectionery group is illustrative Of the
trend which may be generated in other
lines upon the revival Of q comparative
ly slight demand. Records Of produc-
ton and distribution are not available,
but 1t is improbable that great m
crease In candy consumption occurred
in the FIRST half year. What Is known
TO have occurred, however, was drastic
decline In the prices of cocoa and sugar,
two important ingredients in produc-
wide interest is being manifested in
local broker Offices In the proposal to
sell large amounts Of American cotton
TO Germany on long-term credits. Sale
OF this cotton would be beneficial to
the American market, in the opinion Of
most brokers. There Is another angle.
however, Of very vital importance.
Would Germany take this cotton, man
ufacture It into goods ut much lower
costs than prevail here and ship the
finished product here to compete with
American textile plants?
Heard In Financial District.
Frank Stetson, vice president and
trust officer Of the National Savings
q Trust Co., has returned from q
months vacation passed at Holderness.
N. II. He reports fine outing in the
Granite State, where the temperature
Is always comfortable and the scenery
near to perfection. william d. Hoover,
president of the same bank, "a now at
Belgrade Lakes, In. Maine. a
George y. Fleming, one OF the vice
presidents Of the Union Trust Co., Is
planning to leave Washington soon Tor
q tour Of Europe. While away he win
devote some time to q study OF the
economic situation abroad.
Earle M. Amick, assistant cashier OF
the Riggs National Bank. has been cOnr
fined 70 his residence for several days
with illness.
washington bank clearings for today,
e4,1Oo, 384.0S.