Evening star., 1935-09-22
SECURITIES FIRM
HERE DESPITE SAG
At OTHER CENTERS
Stocks and Bonds Remain
At or Near 1885 Peaks
on D. c. Exchange.
SANDERS0N WILL HEAD
A. |. B. FINANCE GROUP
Woodward & Lothrop Declares
Extra of 25 Cents on Common,
With Usual Dividends.
BY EDWARD C. STONE.

Exchange have ignored war Scares"
and other factors causing Setbacks
among good many securities on
the New York Stock Exchange in the
last few days, and closed the week
strong.
Many stocks on the board in the
Washington Building are at or near
their high marks for the year. In
the Bond division Anacostia g. Po-
tomac r. R. First SIS, at 9334 are
close to the years top while Ana
costa g. Potomac r. R. Guaranteed
IS are at the 1885 high. 1862.
Capital Traction SIS are now selling
around 81 after hitting 100 earlier
in the year.
City g. Suburban R. r. First SIS,
at 90 are within a point of the
years best mark Georgetown Gas
Light First SIS, selling at ll212, are
at the 1885 high point, while most
of the Washington Gas Light bonds
stand practically at the years top
quotations. Potomac Electric Power
bonds remain among the strongest
and most active on the list. The
last sale in Washington Railway &
Electric 4S was at the summit, los "A
Stocks Are Also Strong.
In the stock division, the same sit
uation is true in most of the issues
Potomac Electric Power per cent
preferred last sold at l10ls against
a high of 112. The same Corpora
tion's 512 per cent preferred is now
selling at 1872, near the top. The
last sale in Norfolk & Washington
Steamboat stock, at 88ls, made a
new high mark Washington Gas
stock is off a point or so from the
years best price Railway & Elec-
trio preferred is at its best for 1885.
A glance at bank stocks shows much
the same situation. American Security
& Trust at 1882 is down two points
from the years higest sale. Liberty
National, Lincoln National, National
Capital, National Savings & Trust and
Washington Loan & Trust, on the last
sales recorded, we're at the high
1Ul 1900. DdAAh Va
Washington was off point and both
Riggs National Bank Common and
preferred sold niger earlier this year.
At the same time, the Riggs stocks
arc among the most active bank
stocks on the list and are likely to
show more fluctuations.
In the miscellaneous list, Lanston
Monotype, Peoples Drug Stores pre-
ferred. Carpet Corp, and Woodward
e. Lothrop common and preferred is
sues were at their high 1885 marks
on the last sales recorded. Mergen-
thaler Linotype, which has been up
to 3l12 is now selling at 27l2.
Woodward Dividends Voted.
Directors of Woodward G. Lothrop
have just declared the usual quar-
terly dividends of 80 cents and an
extra of 25 cents share on the COM
mon and SITS on the preferred stock.
Payments will be made on September
27 to shareholders of record September
%.
lie VI III CGpOlS VI l1lC IN1uLloCJ
Trust Co. has declared the regular
quarterly dividend of 81 per share due
at this time. Disbursements will be
made on October to stockholders of
record September 81.
On the Washington Stock Exchange
yesterday Washington Gas IS, 1860,
figured in a $500 transfer at 1854.
Real Estate Mortgage g. Guaranty
preferred changed hands at 4. Capt.
tai Transit stock closed the week with
18 bid and 1872 asked.
1t was announced in the financial
district yesterday that the issue of
S279 900 Alexandria, Va, serial Is had
been sold. The bonds were offered
by Y. E. Hooker & Co.. Brown, Good
wyn g. Co., of Washington and Rich
mond firm.
New York Stock Exchange Offices
In this city were crowded yesterday,
as traders and investors paid particular
attention to the war news. Opinions
on the near market are most divergent.
In the long run, however, most brokers
believe domestic stocks will depend
for their action more on home trade
and prospects than on news from
abroad.
Sanderson Finance Chairman.
Walton L. Sanderson, Hamilton Ma
tional Bank, has been appointed chair
man of the Finance Committee, Wash
ington Chapter, American Institute
of Banking, President j. Earle Nc
Geary announced yesterday.
A graduate of the institute, Mr..
Sanderson was president of Washing
ton Chapter last year and has served
on practically all the chapters impor-
tant committees. He is a former
treasurer, so is particularly well fitted
to head the committees in charge of
finances. Appointed to serve with him
on the committee are:
Joseph r. Fitzpatrick, Second Ma
tional Bank; Robert H. Lacey, Colum-
bia National Bank; William H. Laugh
lin, Washington Loan & Trust Co.;
T. Hunton Leith, Security Savings &
Commercial, anu raul j. Seltzer, Amer
ican Security q trust Co.
Insurance Leaders Elected.
Washington life insurance delegates
returning from Des Moines yesterday
reported the election of Lester o.
Schriver of the Aetna Life Insurance
Co., Peoria, Ill, as the new president
of the National Association of Life
Underwriters. He was advanced from
the vice presidency. After his recon-
mendation by the nominating COM
mittee, a unanimous ballot was cast
by the secretary.
Alexander E. Patterson, Chicago,
was named vice president; o. Sam
Cummings, Dallas, Tex, secretary,
and Robert l.. Jones, New York, treas
urer.