Evening star., 1936-07-13
LOCAL SECURITIES
NEAR 1886 PEAKS
Enter Second Half Year With
Prices Higher Than at
Opening.
BY EDWARD C. STONE.

BY EDWARD u. SlONE.
Many ISSUES listed on the Wash
fngton Stock Exchange have entered
the second half Of 1886 at the years
highest prices, while other stocks and
bonds are near top quotations.
Anacostia & Potomac River R. r.
guaranteed SIS. l949, are now selling
at 109l2, against 10834 six months
ago. Georgetown Gas Light first IS
at lis are near the years top. Wash
ington Gas Light SIS. 1858, are also
Just under their best price this year,
while Washington Gas SIS. 1860, at
l20 are at their peak for 1886.
At 921a Capital Traction SIS are an
eighth higher than they have sold at
any other time in 1886, and have led
all other bonds on the board in turn
over volume. Washington Railway &
Electric As are of a point from the
best price commanded this year.
Capital Transit stock at 1612 stands
at new 1886 top Washington Rail-
way & Electric preferred has been
selling at Ill, p point under its best
quotation. All the bank and trust
companies stocks are higher than at
the beginning of 1886, some Of the
gains being striking.
Bank Stocks Advance.
National Capital Bank stock is
fractionally higher. National Bank of
Washington has moved from 108 to
l21. Riggs National common at 265
is S points under the years high
mark. with the preferred at the peak
of 106ls. American Security & Trust
stock is not quite at the years high
est mark, being quoted around 259.
National Savings & Trust stock is
now 1913, against 100 at the opening
of the year. At the same time Wash
ington Loan &, Trust Co. stock enters
the secNad half year at 225 a share.
after advancing from 203s4. While
these bank stocks have been climbing
in price, they have increased lot in
activity.
The miscellaneous list finds Lans-
ton Monotype at a new high above
a. Merganthaler Linotype at Al is
off a point from the 1886 top. Peoples
Drug preferred at 114la registers the
high for the year, the same being true
of the common.
Real Estate Mortgage g. Guaranty
preferred, and Terminal Refrigerating
eIN Warehousing Corp, are in the same
position on quotation tops. Wood
ward & Lothrop common IS also in
new high ground. All in all, these
issues have made an excellent record,
far better than good many securi-
ties on the New York Stock Exchange
can show.
Savings Bond Sales Rise.
Daily average sales of United States
savings bonds so far in the current
calendar year show substantial rise
Over the average for the last fiscal
year. according to Wayne C. Taylor,
Acting Secretary of the Treasury.
Mr.. Taylor reports that, through
July 6, the savings bonds sales passed
the half billion dollar mark. For the
10 months of 1885 from March to
December, the purchases of these
bonds totaled $3.50, ,000, 900, or approx
mately s1,000,00O for each business
day.
Purchases from January to July
this year represent maturity value
of S241 100000 or an average daily
sale Of approximately 81 ,535 900 for
each business day, rejecting a so per
cent increase in the average daily
sales.
Norris Assistant Manager.
Thomas J. Norris has been appointed
assistant manager of the H street
branch of the Bank of Commerce e.
Savings, Vice President Thomas j.
Groom announced today. The ap-
pointment was made known because
Of the growth of business at the
branch Office He has been with the
bank for 10 years, starting as runner
and working up through various posi-
tions. Assuming his new duties today
manager Of the branch. which is 10
Gated at H and North Capitol streets.
The Export-Import Banks, organ
lied in 1884, have authorized .oans
aggregating S101 ,43O,556 Of these
authorizations, SAL ,264,348 has lapsed
or been Cancelled, $28, ,736,00 is await
ing acceptance by the borrowers, $780,
S42, ,067 has been disbursed and $13,-
e50,159 repaid.
Peoples Drug Stores, Inc, has made
another favorable report, June sales
being up 81 per cent over June, 1885,
end six months sales up 89 per cent
in the first half year, compared with
last year.
Variety Store Sales Jump.
Daily average sales of variety stores
for June, 1886, were about IA per cent
higher in dollar volume than for June,
1885, and also showed about the same
percentage of increase from June.
1884, according to the Bureau of For
eign and Domestic Commerce, De-
partment of Commerce
As compared with May of this year
daily average sales for June showed
an increase of about IL per cent,
which is contrary to usual decline
of about S per cent at this season
The seasonally adjusted index, there
fore, rose to 1892 for June. on the
basis of the average for 1929-1931 as
400, from 81 for May and 95 for April.
The aggregate value of sales for the
first six months of the year was about
5 per cent above that for the same
period last year.
Today's Trading on Exchange.
The weeks trading opened on the
Washington Stock Exchange today
with three $1,000 transfers in Cap
ital Traction SIS at 92A. After call,
the bonds moved up to close at 92l2.
Washington Gas Light IS, series B,
registered $1,000 sale and two S100
sales at 100A.
On the stock side two 10-share lots
of Riggs National Bank preferred
stock moved at LOG. Capital Transit
stock was strong with 25-share sale
at 1872, the high for the year.
Washington Gas Light is now being
quoted ex-dividend. Mergenthaler