Evening star., 1934-09-22
D. c. BONDS MAKE
! BRILLIANT RECORD
Capital Traction IS Sc
New Volume Peak for
Five.Year Period.
BY EDWARD C. STONE.

Some brilliant records have been
hung up by bonds listed on the Wash
tngton Stock Exchange during the
present year. Sales on the exchange
of Capital Traction S. at new high
mark for the last five years, have at
tracted special attention to these bonds
and other public utility issues and the
progress they have made.
Traction bonds sold at 901s the 9TH
er day. after selling as low as 81 dur
ing the present year. They closed the
week with investors bidding 9012, but
nobody willing to part with them at
less than 81.
AnacoStia g. Potomac R. R. first SIS,
1949, have also made startling progress.
They opened the present year at 49
and advanced to 75l2, gain of 26l2
points. The closing bid this week was
75l2, with holders unwilling to take
less than 80
Anacostia & Potomac R. r. guar
anteed SIS, 1949, sold at 9412 at one
time this year. They have since crossed
par, and ended the week with 100 bid,
but none offered at any price.
Chesapeake & Potomac Telephone
OF Virginia 5S have been very strong.
They opened 1884 at 1O3&. Only a
few have changed hands, the high
mark being l04l2. Their record, how
ever. is better than that recent bids
of LOT having been noted on the ex-
change.
Georgetown Gas first SIS are in the
same class. Opening the year at
1895 they have moved up to 1852.
The latest bid is 106 with ITO asked.
Other Issues Also Strong.
Potomac Electric Power bonds are
always strong, 1884 being no exception.
The Consolidated SIS, 1886, have ad-
vanced four points this year and have
enjoyed quite active trading. Potomac
Power general refunding IS have
moved from LOT to ITO, Fridays bid
standing at 109
The three Washington Gas issues
have advanced since the beginning of
1884. The Series B bonds have gone
from l0l to l03, winding up the week
with 1923. bid. Gas First SIS, 1860, are
now selling at 109. Since the last sale
1882 has been bid for them and
1922 asked.
Washington Gas Refunding SIS, 1858,
have climbed 20 points this year,
opening at so and advancing to par
They have reacted slightly, 951a be-
ing offered and 97l2 asked.
Washington Railway e. Electric
Consolidated As have also given fine
account of themselves. So far this
year they have figured in sales of we'll
over Sl90,000 Prices have mounted
from 83 to 97l4, closing the week with
e7l4 bid and offered at 1914.
The above quotations are sufficient
to show what the senior issues on the
exchange have accomplished. In
vestors are greatly pleased with the
results. To the banks, which hold
these bonds as collateral for loans,
their action means that happy days
are here again" In some instances,
the comebacks have been far greater
than many bankers thought possible
in eight months.
Banks Adopt Check Charge.
Member banks of the Boston Clear
ing House Association have adopted
so-called meter service" charge
schedule, based on balance kept and
amount of check service used, to be-
come effective on October l.
A schedule, sent to bank customers,
states that on average daily balance
under $500, free items will be al
lowed a month; on $500 to S400, 10
items; on $400 to $500, Is items; and
on 5000 to $1,000. 40 items.
For each item in excess of the free
items allowed, the following charges
will be made; for each check charged
against deposit account, cents; for
fN,. rnIt &
cents, and for each check listed on a
deposit ticket, l cent.
An active account with an average
monthly collected balance under $500
shall be charged 81 month as COM
pensation for services rendered in
handling the account during such
month.
The action in Boston brings about
a situation very similar to banking
conditions here. Quite uniform serv-
ice charges have been in effect in this
city for many months. The banks
found they were rendering certain
services at loss and took action to
check the losses. That's what Boston
is doing now.
Heard in Financial District.
A number OF New YORK DanKS nave
turned their postal savings back to
the Government, being unwilling
longer to pay 212 per cent interest on
the money when they cannot get that
amount when loaned out at present
interest rates.
Securities valued at $1,16l ,375,43
were registered with the Federal Trade
Commission during the 14-month
period between enactment of the Sc
curities law and the transfer OF its
administration September to the
Securities Exchange Commission.
The Chesapeake g. Ohio earnings
in the fourth quarter this year will
better those for the third quarter, and
there never has been any doubt but
that the common dividend for the full
year would be safely earned, ]. j.
Bernet, president of the road, stated
IN Chicago yesterday.
The Stock Exchange Commission
will not attempt to punish market
traders for past sins, Commissioner
Ferdinand Pecora said in an Iowa
epeech, but 1t will move swiftly to