Evening star., 1934-06-24
Trading Volume for Six
Months Far Ahead of
Year Ago.
ANACOSTIA AND POTOMAC
BONDS CLIMB SHARPLY
Capital Traction First IS Also
Among Active Issues With
W. R. & E. As.
BY EDWARD c. STONE.

D1 EDNhnD u SIONE.
Substantial advances have been
scored by both stocks and bonds on the
Washington Stock Exchange during
the first half of 1884. The volume of
trading also has been far ahead of the
total transactions in the first half of
1888.
Practically every security listed on
the Exchange is higher now than it
was on January l. A glance at the
bond list shows that AnacoStia g. Po-
tomac R. R. first IS have climbed from
40 to II a. the latest bid being 701a
During the same period Anacostia g.
Potomac Guaranteed 5s moved from
"a to 90, 80 being offered during the
present week with none for sale at that
price.
Capital Traction first IS have been
among the bonds showing the biggest
spread Opening the year at 81, they
have advanced to 1886, also recording
an $85 500 turnover in the six months.
While 104 is now offered for c. & P.
Telephone of Virginia IS, the only
sale this year was made at 103%
City & Suburban 5s, l948 have moved
up points.
Georgetown Gas Light 5s started
the year at 103l4 and have moved up
to 1851. Potomac Electric Power
consolidated 5s, 1886, are always
strong. This year they have climbed
from 1922 to 1852. Potomac Elec-
trio general and refunding IS, far
above par at the opening of 1884,
have gone up to 1895. The last bid
was 109
Washington Gas Light bonds have
been active. Gas 6s, series B, started
out the year at 101. The last sale
was at 1929 and they have been as
high as 1882 Washington Gas Light
first IS, 1860, have been the most pop
ular gas bonds, the turnover totaling
S66,500 Prices have risen from 103l2
to 1881, the latest bid being 108.
w. r. g. E. As Are Favorites.
washington Gas IS, 1858, have also
made an excellent record during 1884,
both in price and turnover. Starting
1894 at 30, they have jumped to 9634
on a $29700 volume. The latest bid
is 81, with none offered. The most
popular bond on the board, however,
has been Washington Railway & Elec-
trio consolidated As. In January these
bonds sold at 83. They have since
gone to 9512. Investors are now bid
ding 9614 for them, with no offerings.
Sales in the half year have totaled
$103,500.
Equally interesting gains are noted
in the stock division. Capital Trac-
ton has gone from 1412 to 2714, al
though it is now around "a, the jump
being due to soaring earnings by the
Capital Transit Co. Potomac Electric
Power per cent preferred started the
year at 109la. afterward going to 1l2,
with the latest sale above Ill. The
same corporations 5l2 per cent pre-
ferred is now above Ill. after start
ing 1884 at y. The turnover in
this issue has been over 535 shares.
Washington Railway & Electric
preferred opened the year at 82la and
went to leo during the past six
months, ITO shares changing hands,
The companyS common stock has
moved from 300 to 315, still maintain
ing its position as the highest priced
6tOCK on The local DOdIu'
Miscellaneous List Strong.
The miscellaneous list presents
equally good examples Of advancing
quotations Lanston Monotype has
moved only. about points, but 701
shares have changed hands and it is
yielding $40 per cent.
Mergenthaler Linotype has aWak-
ened after long sleep to sell much
more actively, the turnover reaching
1896 shares. Quotations have not
followed the upward trend of many
other issues. The stock opened 1884
at 25 and went to %. 1t is now
around %, but is said to be enjoying
much better earnings. A report
few days ago was very encouraging.
Peoples Drug preferred has been
quiet, but is quoted at 1861. Anoth-
er stock in the merchandise class that
is selling at 106 is Woodward q
Lothrop preferred. At present the
highest yield on any stock in the list
is $50 on Terminal Refrigeratlng d
Warehousing Corporation, while the
highest bond return is $40 on City q
Suburban first 5s.
Members of the exchange are
pleased with the first half years rec
ord in both volume and price moves.
They all say they have more buying
orders than they can fill at set figures.
In other words, holders are not anx-
ious to sell. Usually, there are as
many selling as buying orders.
Guiding the exchange this year are
c. j. Gockeler, president; Y. z. Book
er, vice president; Karl w. Corby,
secretary, and James NJ Johnston,
treasurer.
Texas Gulf Earnings Rise.
Texas Gulf Producing Co. has just
announced its earnings statements
for the month of May, as we'll as for
the first five months of this year. Net
earnings after all charges, including
depreciation and depletion for the
month of May was S76, ,4O5 40, and for
the first five months the net was
S358, ,905.64 These earnings are con-
siderably larger than those for the
corresponding period of 1888 and are
at an annual rate in excess of 81 per
share on the outstanding stock.
The stock is listed on the New York
Produce Exchange and is selling
around SIS per share. This stock is
rather widely held in Washington and
was distributed here by James M.
Johnston & Co., Waggaman, Brawner
&c Co., Inc. Gillet & Co, George M.
Ferris & Co., Inc, and other dealers.
Bank Women TO Meet.
The Bank Women's Club of Wash
ington will meet at the Ivy Terrace,
1884 Connecticut avenue, tomorrow
evening at 6 o'clock. This is to be the
regular quarterly closed business meet
ing and Miss Alice H. Whitton, presi-
dent. will preside.