Evening star., 1937-12-23
YIELDS COMPARED
ON D. c. EXCHANGE
Lowest Bond Return Now
$40 Per Cent, Against
1910 as Top Figure.
J3y EDWARD C. STONE.

trasts in which yields run from as low
as $40 per cent up to high mark
OF 1910 per cent. In these times a
yield of $40 per cent is not really
low but seems so when compared with
a return of more than IL per cent.
City g. Suburban Railway first SIS
selling at SO return the highest Weld
of any issue on the list, 1910 per cent.
Second on the list come Anacostia g.
Potomac River R. R. first IS which
have recently sold at 60 to return
lilo per cent.
Both these bonds have the Capital
Transit Co. behind them. They started
10 sag when the transit company asked
Tor higher fares and stressed the need
OF increased revenues. Granting of
the higher revenues has not yet caused
an advance in the bond quotations,
this fact keeping the yields abnormally
high.
Anacostia & Potomac River guar
anteed IS are now selling far above par
at ll& to return 385 per cent on
the investment. Capital Traction first
IS have dropped from 81 to 70 during
the present year and now offer a
return of $40 per cent These bonds
have worked lower for the same rea-
sons that have caused the other two
bonds to slump.
Many Bonds Far Above Par.
Chesapeake & Potomac Telephone SIS
of Virginia are among the strongest
bonds on the list, and selling at 1O6,
yield 3.87 per cent Georgetown Gas
Light first IS, 1860, are also extra
strong, The last sale at 1144 meant
yield Of 4.l0 per cent. The Potomac
Electric Power 3As, now around 104
offer return of $40 per cent.
Washington Gas Light IS, 1858, have
been strong all the year. On the last
sale at l05 they yielded 4.60 per cent
Washington Gas Light IS, 1860, at
1872, yield Ais per cent. Washing
ton Railway & Electric 4s, 1851, are
among the flrmeSt bonds on the list.
Changing ownership at 106, they yield
$50 per cent Another issue, Chevy
Chase Club 4l4s, registered 104 on
their last sale, to yield 3.95.
For many of these bonds Washing
ton exchange members say they have
many more orders than they can fill.
Holders will not part with them at
present prices. Say they do not know
where to turn to obtain as satisfactory
returns elsewhere.
Little known Business Facts.
John w. OLeary, United States
Chamber Of Commerce official, says
that the average man does not identity
business by what it does He does not
see back of the automobile or anything
e'Fe he buys. He does not see the
hundreds of thousands of investors
and workers, the machinery and power
- the unnumbered thousands who supply
and transport the materials from farm,
mine and forest.
He forgets that the business" so
often condemned as 'rapacious' paid
out in the four depression years, 1880
1884, over $4,000, 100000 more than it
took in
That of the 100000 business con-
Germs in the United States last year,
only 6.3 per cent had a net worth
of more than $4,000
That of the 1858, ,981 retail stores
in the United States in 1885, 1,474,149
were independently owned and ope-
rated-by the John Joneses and Tom
Smiths of Main street, whu are part
of business.
More Bonuses Distributed.
Robert C. Jones, head of Robert
c. Jones g. Co.. investment bankers,
announced today that his firm is dis
tr1butlng a Christmas bonus of two
weeks salary to all employees of the
company.
The Lincoln Service Corp, announc-
ed today the payment of Christmas
bonuses and the granting of salary
increases. to the employees of the
corporation and its subsidiaries located
in Maryland, Pennsylvania, Virginia
and West Virginia. The head Office
is in this city
Robert H. Carpenter of the Wash
ington office of Mackubin, Legg & Co.,
New York Stock Exchange firm, left
the Capital today for two-Week
vacation in Florida. He took similar
trip at this time year ago.
Bornet Lectures on Trusts.
David Bornet, vice president of the |
National Savings g. Trust Co., lectured
to the will and trusts class of the |
Life Insurance Institute last evening |
on THE Practical Administration of |
Estates"
The bank officer gave many inter-
estlng accounts of estate settlements |
made during his % years association |
with the trust company. His lecture
was in line with the Life Institutes |
practice of inviting authorities to ad-
dress the various classes, Dean Morton |
H. Wilmer states
Hartman g. Keech are among the
few brokerage houses which have done |
special Christmas decorating this year,
although all the Washington banks
are now in holiday attire The
brokerage firm has large Christmas
tree in the front of the office where
all passersby on Fifteenth street may
enjoy it. 1t has colored lights and all
the other trimmings, maybe a good
omen for the 1888 market
Further Dividends Announced,
Directors of the American Security
d Trust Co. have declared the regular
quarterly dividend of per cent and
an extra dividend of 2 per cent on the
outstanding stock, both payable jan
uary 10 to stockholders of record
December 81, it was announced today
Directors of the Washington Gas
Light Co. have voted the quarterly
dividend of $1.1212 per share on the
preferred stock, payable February 10
to stock of record January 81; also
the quarterly dividend of 80 cents a
share on the common stock, payable
February to stockholders of record
January Is.
Two 100-share sales and five To-
share sales of Capital Transit stock
were recorded on the Washington
Stock Exchange today, all at 7h The
market closed with Z bid and asked.
The Washington Exchange will be