Evening star., 1937-07-21
UNLISTED STOCKS
GAIN IN HALF YEAR
D. c. Bonds Sold Over the
Counter Also Register
Notable Advances.
BY EDWARD C. STONE.


Washington securities, which are
sold over the counter, made some very
substantial gains in the first half of
1887, bid-and-asked prices having
changed from fractional amounts to
as high as 80 full points, survey
made today discloses.
Among the unlisted bonds, Barber
& Ross As opened the year with 81
bid and are now quoted at 50 bid.
Consolidated Title IS have seen the
bid move to par in the six months.
D. c. Paper Co. first IS have done
particularly well, opening the year
with bid of l6, which has since
been advanced to 25.
Hamilton Hotel SIS have been sta
tionary, opening 1887 with 95 bid and
entering July with the same bid. May
flower Hotel SIS, 1850, lost ground,
opening at 95l2 and 96l2 asked and
dropping to 86l2 bid to 89l2 asked.
National Press Club IS also failed to
gain, opening 1887 with 78 bid and
81 asked and reacting to 73 bid and
78 asked Washington Auditorium
first IS saw the asked price advance
from 70 to IA. while Washington
Properties Is are now quoted at 551a
bid and 81 asked, off some 5 points
since January
In the stock division the bid for
Anacostia Bank stock stepped up from
l25 to $50. The new Barber g. Ross
preferred has gone from to T. East
Washington Savings Bank held steady
at 1412. Federal American Co. pre-
ferred has remained at 80 bid with
the common bid going from IA to
l12. National Capital Insurance has
registered IA for six months. Hamil-
ton National Bank stock has kept an
upward trend, the years opening bid
of 32l2 now being 33l2, with 35l2
asked.
Metropolitan Stock Strong.
National Metropolitan Bank stock
has made startling improvement in
quotations, opening the year with 210
bid, which figure has since been raised
to 240 with 275 asked, Security Saw
ings & Commercial Bank stock has
seen the bid go from l05 to 125 in
the past six months.
Another bank stock. Union Trust,
opened 1887 with 95 bid for the Sc
curity and 105 asked, While the latest
quotations are 100 bid, offered at ll2.
During the same period Washington
Convention Hall stock, which opened
~ ioiy, +l,o
upward trend until the bid now stands
at 81, with SO asked.
The new Washington Gas Light
$3.50 cumulative preferred stock,
which will soon be listed on the Wash
tngton Stock Exchange, is now quoted
over the counter at 81 bid and SO
asked. This stock, of course, was not
in existence six months ago, the issue
having only recently been placed on
the market and fully subscribed by
noon on the day of the offering. The
demand for this stock and many other
issues sold over the counter is reported
to have been strong in the half year.
Collections Lag in District.
The Federal Reserve Bank of Rich
in Washington department stores in
June Jagged somewhat behind other
cities in the fifth district. About 25
per cent of the bills due had been
paid at the end of the month. The
average for the whole fifth district
was % per cent.
After noting the gain of 03 per
cent in June in store sales here,
against 5 per cent for the whole
district. as compared with June. 1886,
and the upturn of 90 per cent in the
first six months of this year, the
Richmond bank stated that stocks
on hand in Washington stores at the
end of June, 1887, were 1855 per cent
higher than in June, 1886. This COM
pared with an IL per cent increase
for the whole district.
In the first half of the year stocks
In the Capital stores were turned
202 times, which was better than
the fifth district report of 1882 times.
Women Head Several Banks.
The Association of Bank Women
reports that six of the organizations
members are presidents of their re-
spective banks. The national organ-
zation is made up of women who hold
executive positions in banking insti-
tutions and includes a very limited
number of Washingtonians.
The six presidents are: Mrs. Agnes
Pass, president of the Security Bank
at Harrison, Ark; Mrs. Josephine NJ
Brice, president of the State Bank
of Wheatland, at Wheatland, Wyo.;
Miss Flaude B. Cleveland, president
of the Addison State Savings Bank
at Addison, Mich; Mrs. Wilma Sim
clair lie Van, president of the Union
Savings Bank & Trust Co., at Steu-
benville, Ohio; Mrs. Mary G. Roebling,
president Of the Trenton Trust Co., at
Trenton, N. j., and Mrs. Annie M.
Ward-Genguet, president and cashier
OF the Bank of Cuba. at Cuba, Ala.
Financial District Notes.
Howard Moran, vice president of the
American Security & Trust Co., is on
months vacation and at present is
enjoying a motor trip.
G. Crawford Turnbull of the Nor
fis Plan Bank has been appointed
chairman of the Publicity Committee
of Washington Chapter, American In
stitute of Banking. by this years
president, William H. Laughlin of the
Washington Loan & Trust Co., 1t was
announced today.
Slauson, White & Rowe announced
today that the directors of Independ-
ence Fund of North America have
declared 50-cent dividend payable
July 80 to stock of record July a.
Business in the half year was 43 per
cent better than last year. with earn
ings reaching IS cents a share.
Charles Carroll Morgan, one of
G. M. P. Murphy g. Co.'S co-managers,
will leave Washington late tomorrow
for vacation at Georgian Bay in
Canada and will spend about two
weeks there. 1t will be recalled that
on his last visit at the same resort,