Evening star., 1935-07-17
s. ISSUES LISTED
BYD. c. EXCHANGE
SO Securities of 20. Firms
Are Granted Permanent
S. E. c. Registration.
BY EDWARD C. STONE.


having 80 stock and bond issues listed
on the Washington Stock Exchange
have been granted permanent regis
tration by the Securities and Exchange
Commission, according to the latest re-
port from the commission. In addi--
tion, 18 other corporations with 20 Sc
curities were granted temporary listing
some time ago, the report states.
At the time the Washington Stock
Exchange registered with the Securi-
ties Exchange Commission there were
Sc corporations having 7S stock and
bond issues outstanding which were
listed on the Exchange here.
The same report states that the Bal
timore Stock Exchange has So corpora
tions with 80 stock and bond issues
carried under permanent registration
with the Securities Commission. The
Baltimore Exchange originally had 161
corporations represented which had
total of 263 issues outstanding.
Among some of the other smaller
stock exchanges the drop in the num-
Der of corporations and their total
issues, which have been granted per-
manent registration by the Securities
Commission, is even more striking.
Cleveland, Boston and Philadelphia
report very serious falling off in the
number of issues now listed on their
exchanges.
Commission Rules $500 Issues.
At the close of business on 20 Of
these national exchanges Monday the
Securities Commission took control of
about $500 stocks and bonds of some
2,273 corporations through permanent
registration under Section IL Of the
securities exchange act of 1884.
BY the end of this year there will
be permanent registration statements
filed by 652 additional corporations for
1,065 stocks and bonds. These corpo-
rations at present are enjoying tenn
porary exemptions from permanent
registration because of the necessity
for filing on special forms.
There were around 1,028 applica-
tions for permanent registration from
corporations whose securities are listed
on the New York Stock Exchange.
The total number of securities regis
tered was in the neighborhood of
1856 issues, consisting Of 1,001 stocks
and 855 bonds.
On the New York Stock Exchange,
however, there are approximately 358
corporations whose securities are tenn
porarily exempt from permanent regis
lister permanently by the end of this
year.
Loss in Business Serious.
officials of the smaller exchanges
all over the country are worried about
the falling off in volume of business
that must result from so many cor
porations not asking for permanent
registration. This state of affairs will
boost over-the-counter trading, to the
detriment of the exchanges. While
the commission is working on ways
to govern over-the- counter trading, 1t
Is generally admitted that this prob
lem still is most perplexing one.
The Washington Stock Exchange
has been lucky in having a majority
of the corporations with the most
important issues ask for and receive
permanent registration. Business on
the exchange here is ahead of last
year, well ahead, and promises to con-
tinue that way.
Members of the exchange today re-
iterated the claim that they could
do lot more business if more in
vyi11 to ~ vr5ffI I1air
holdings at present prices. They have
a lot of orders on their books around
present prices which cannot be filed.
Traction Bonds Go Higher.
Capital Traction SIS scored a new
high mark on the Washington Stock
Exchange today. After opening with
a $500 sale at their previous high of
90, a sale of $1,000 was recorded at
9834 and another $1,000 at 987s. Ana
costa & Potomac River Railroad IS
figured in a $1,000 transfer at SO, the
recently established highest price at
which they have sold in many years.
Norfolk & Washington Steamboat
Co. stock moved today at SS, a Jump
of full points over the last previous
sale. Potomac Electric Power ~ per
cent preferred came out at 1l43s and
10 shares of Firemen,s Insurance Co.
stock appeared on the board for the
first time this year, priced at IS. Cap
ital Transit stock closed with 1914 bid
and 203s asked, and no sales.
Financial District Notes.
Charles H. Doing, president of the
District Bankers Association and man.
ager of the West End branch of the
Washington Loan & Trust Co.. Is
taking three weeks vacation. He
will pass most of the time at Atlantic
City.
H. H. Mckee, Robert v. Fleming,
Corcoran Thorn. George w. White and
Francis g. Addison, jr., have been ap-
pointed by Karl w. Corby, first vice
president of the District Bankers As
sociation, to represent the organization
at the funeral of John Joy Edison.
Atlantic Coast Line Railroad reports
for five months ended May 81, 1895,
net income of $195,623 after taxes and
charges, equal after dividends on per
cent preferred stock to % cents share
on 49,, ,427 shares of common stock.
This compares with 81 ,S09 ,8O9, or 50. .I9
a common share, in first five months
of 1884.
Queen Annes County, Md, has
awarded to Colston, Marbury g. Price,
Baltimore, $4,000 refunding debt
bonds due 1940-1954 on their bid of
101.226 for 2%s.
Effective on October l, the maximum
rate of interest which may be paid by
banking institutions chartered in New
York, including savings banks, will be
2 per cent annually, according to a
ruling of the State Banking Board.
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