Evening star., 1937-07-27
VOLUME CLIMBS
ON D. c. EXCHANGE
June Business We'll Above
1896 Contrasts With
Drop Elsewhere.
BY EDWARD c. STONE.

volume, compared with the same
period in 1885, and disclosed an up
ward trend against a downward move
ment on most of the other stock
exchanges of the country, the Securi-
ties and Exchange Commission re-
ported today
The dollar value of all sales on the
Washington Exchange in June was
Sl92,095 in comparison with $145,5 ,5l4
in May. the report stated. In the
stock division alone the sales value
In dollars amounted to Sl42,6l2
against 95,325 in May, while the
total number of shares changing
ownership was 3,1O4 against 1900
IN the previous month.
In the bond division, the dollar
value was not quite up to May, sales
involving a S48 ,483 turnover against
S50,l in the previous month. The
principal amount was $5O,500, COM
Ing little behind April. The aggregate
gain here contrasts with a sharp
Summer drop in business on the
Baltimore and Richmond Exchanges
The commission also reported that
the dollar value of sales on all regis
tered securities exchanges during the
first six months of 1887 exceeded the
like 1896 period by Sc per cent. Stock
sales increased 80 per cent to Sl4,383,-
537,2l7, while bond sales totaling
$l,9l9 005.207 were off 10 per cent
The dollar value of sales on all
registered exchanges in June alone
amounted to ST, ,168, ,508, ,0l0, a decrease
of 20 per cent from May and l9 per
cent from June year ago, SAID the
report, adding that total sales on the
exempt exchanges were slightly ahead
OF May, the increase being O5 per
cent.
The fact that business dropped off
on so many other exchanges makes
the Washington Exchange status toe
more interesting
Gas Light Common Listed.
The new Washington Gas Light
common stock-390, 900 shares without
par value-Were listed on the Wash
lngton Stock Exchange today. This
stock Is a Spltup three for one of
the old Washington Gas $50 par value
stock which has been on the exchange
for many years. There were 10000
shares of the old stock outstanding,
the new 100000 shares taking their
place on the exchange board The
last sale in the old stock was made
at 7S. The opening bid for the new
stock today was 25l4 with the stock
offered at 27. No sales.
The new Washington Gas Light
$3.50 preferred stock will be listed on
the exchange later, according to plans
made by the company when the issue
was placed on the market 1t is now
being sold over the counter, with GIL.
bid and s8a4 asked.
1874 Accounts Now Insured.
Savings of 9,674 persons in eight saw
4ngs, building and loan associations
In the District Of Columbia are now
insured up to $4,000 on each account
BY the Federal Savings & Loan In
eurance Corp, it was reported today
by Nueent Fallon, general manager of
the corporation
Assets OF these insured thrift and
home financing institutions total
1921 1874. Other District of Colum-
bfa savings and loan associations have
submitted applications for this pro-
lection for the funds of their inves-
tors.
Unemployment at New Low.
The number OF persons unemployed
N the United States declined from
s,4Ol 900 in April to 9269, 900 in May,
. new low for the current recovery
movement, according to the Alexander
Hamilton. The number of unem-
ployed persons in May represented
reduction of 2064,O0O from the
IL $4,000 persons unemployed in the
same month last year and a reduc-
tion of 100000 from the peak I'M
employment figure of 16,649 900 in
March, 1893.
The number Of employed persons
rosa In May TO new recovery peak
ok 42.ll0,000. Only 1884 900 fewer
psfsons were employed in May than
s$ the pre-depression high in Sep
teR1ber, 1929, when the total employ
msn$ figure was As 494 900.
Subscriptions for Debentures.
Edward c. Baltz, secretary of the
Perpetual Building Association and
vice chairman of the board of the
Winston Salem Home Loan Bank, said
today that the Winston-Salem bank
had subscribed for S3,500.0OO of the
new issue of 28O00,00O Federal Home
Loan Banks ~ per cent consolidated
debentures, dated July l, 1887, and
maturing July l, 1888. The new de-
bentures are priced at 100 3-l6, to
Yield l.04 per cent. 1t was said today
that banks and corporations seeking
short-term paper will be among the
principal buyers. The subscription
made by the Winston-Salem bank is
for the benefit of the building and loan
associations in Washington and else
where in this district.
Pennsy's June Net Lower.
The Pennsylvania Railroad reports
net railway operating income for June
at S6,164,913, a decrease of $500, ,25l
OVSi tIle 1SoO, lOJd1. TlBlBlll
revenues were up s2,262, ,908 and pas
senger revenues s581,475 Railway op-
Grating expenses. however, were also
much higher-s3, ,777,520 over the
same period last year.
Todays report revealed a net rail-
way operating income for the first six
months of 1887 as s35 500, 1879, an in
-
$6l5,233 Freight revenues were up
$24,670,474, reaching sl78, 1920
Passenger revenues scored a gain OF
$2,435,5l1, while other similar reve-
nues were higher, making total gain
of over 100000 in operating re-
turns. Operating expenses cut into the
gains heavily, showing an increase OF
more than s26,oOOOoO over the like
1886 period.