Evening star., 1934-01-29
WASHINGTON GAS
ISSUES POPULAR
First IS, 1860, Show $4,000
Turnover in January on
D. c. Exchange.
BY EDWARD c. STONE.


have been selling at 1o4ls and 1o4 to
return about 40 per cent.
Washington Railway g. Electric Con-
solidated As have also been in high
favor, s12,5OO having changed owner
ship since January l. They opened
the year at 83 and are now IS, return
ing $50 per cent on the investment.
Next in order of sales come Potomac
Electric Power Consolidated IS, 1886.
These bonds opened 1884 at 1922 and
are now 104l2, which means return
of 400
In the stock division the largest num-
Der of share sales has been in Mergen-
thaler Linotype, asa up to today latest
transfers being at 27l2. Next in share
turnover has been Capital Traction,
PAT shares having changed hands. This
stock opened the year at l414 and
closed last week at 49, new high on
the present move.
Potomac Electric Power 5l2 pre-
ferred stock has led the high priced
issues so far in 1884, with sales reach
ing l54 shares. This stock opened the
year at 1857, is now lot and yields
$40 per cent Another stock that de-
serves mention for its activity is Lans-
ton Monotype, 1l6 shares having
changed hands up to today. 1t opened
the year at As, is now 48 and yields
81 per cent.
Today's Trading on Exchange.
Trading opened on the Washington
Stock Exchange today with $500 Capt.
tai Traction IS selling at 65 The next
bond sale was $1,000 Washington Gas
SIS, 1858, at 8512
Washington Gas IS, series B. came
out at lois on light turnover, while
two more $500 sales in Washington Gas
IS were recorded at an advance to 86.
In the stock division Potomac Elec-
trio Power SIG per cent preferred was
the market leader, 58 shares in six
separate sales changing hands at 107.
Washington Gas Light stock appeared
on the board today, single share SELL
ing at so, eX-dividend.
In addition to washington Gas Light
stock, two other issues are also being
quoted eX-dividend. EmerSon's Bromo
Seller "A" and Carpet Corporation
Capital Traction stock did not figure
in any sales. but closed with 10 bid and
81 asked. both new high quotations on
the present move.
Goodbody Joins Hemphill, Moves.
The New York Stock Exchange Office
Of Goodbody & Co. in the Washington
Building was closed Saturday and their
accounts taken over by Hemphill, Noyes
& Co. in their greatly expanded Offices
in the Shoreham Building today. This
New York Stock Exchange house is in
Stalling new board room in the south
east corner of the second floor and
making many other engagements
Chester w. Lockwood and Thomas j.
Mangan, Jr., are managers OF the
Washington office and were very busy
,,t toi1 nf
the consolidation. The firm was
founded in 1915 to conduct an invest
ment banking and brokerage business.
The concern has Offices in "a cities in
the Eastern part of the United States.
Several members of the Goodbody
organization joined the Hemphill, Noyes
staff today.
Retail Trade Shows Pickup.
Retail trade in the fifth Federal Re-
serve district, which includes Washing
ton, showed some pickup from the
previous week. according to the bank
of Richmond'S latest resume.
It Is now anticipated that January
will register slight gain in retail
trade over the first month of 1888.
Freight traffic has shown improvement
and there has been a gain in bank
debts
Employment figures slumped during
the week and concern is felt over the
reductions in G. w. A. work before the
public works program and private in
dustry can take up the slack.
1t Is expected that the change in
the weather will revive the demand for
heavy clothing again. How long this
will last will depend great deal on
the duration of the cold wave and the
amount Of territory covered.
The latest report from the sixth dis
trict, sent out from Atlanta, states that
deposits in the State banks of Georgia
increased more than S12,O0O,OOO in the
last six months of 1888.
Industrial Bank Makes Progress.
About 60 per cent of the stock placed
on sale in connection with the reor-
ganization of the Industrial Savings
Bank, Eleventh and U streets north
west, has now been subscribed for, ac-
ccrd1ng to the latest report from the
Reorganization Committee.
DepOSitors in the original bank are
reported as responding readily to re-
quests for subscriptions from their old
deposits which are tied up pending the
present developments. To speed up
this part of the work a meeting is to
be arranged shortly to which all de-
positors will be invited and details ex-
planned to any asking for special
information.
The committee has been informed
by the conservator that the ReconStruc-
ton Finance Corporation loan, pro-
vided for the reorganization plan, has
been approved.
The articles of incorporation are
ready to be submitted to the controller
for his approval. The committee pro-
poses to incorporate under the District
OF Columbia code as the Industrial
Bank, with s65,o00 capital fully paid.
Public Spending Far More Freely.
Conclusive evidence of the public's
changed attitude in regard to spending
money is provided by the phenomenal
success which has attended the initial
showing of new automobiles in various
parts of the country. In some cities,
says Dun g. Bradstreets latest review,
the sales surpassed all previous records
for such an event, while at other CEN
ters the gains ranged from SO to 300
per cent above last years. While the
long lean years have left stark men,
ories in their wake, the buoyancy of
attitude, which has been sponsored py
the uneXectedly high rate at which the
trade pace has been maintained thus
far in January, is destined to carry it
boldly through any minor untoWard
happenings during the course of the
next few months. Rarely has there
been an opening month of year
crowded with so many occurrences which
can be interpreted as a forerunner of
constructive developments. One of the
most encouraging features of the for
ward movement is that more numerous
branches of activity have fallen within
its inclusiveness.
100000 Small Home Prospects
About 100000 small home "pros-
pects," meaning bona fide prospective
builders with property or cash, or both,
but who require financing to begin con-
struction, are revealed through survey
,oy, d,,ofad by tho National T,,y,,her