Evening star., 1937-07-08
TRADING EXPANDS
0ND. c. EXCHANGE
Business Volume in Half
Year Is Ahead of Like
Period in 1886.
BY EDWARD G.. STONE


Trading on the Washington Stock
Exchange in the first half Of 1887
revealed a substantial advance in vol
ume In both stocks and bonds, as
compared with the first six months
Of 1896, according to a survey of the
two periods.
The total dollar value OF bond
transactions on the Washington Ex-
change so far this year totaled $751;
600, while bond trading in the like
1895 period recorded total valuation
turnover amounting to s329,ooo.
The most active bonds on the list
In the first half of 1887 we're Capital
Traction SIS, which figured in a total
turnover amounting'to $154,500. These
bonds opened the year at 94l2. went
to 81, dropped to 81 and are now SELL
ing at 88.
Washington Gas Light SIS, 1860,
stood next in popularity, sales
amounting to $55,oO0, while Gas SIS,
1858, came second on the list with
$4,000 turnover. Washington Rail-
way g. Electric As were next in or
der followed by the Potomac Elec-
trio Power SIS.
In the stock division, there was
turnover of 1870 shares in the first
half Of the present year against
slightly more than 1000 shares in
tie like period year ago.
This Is refreshing gain. The
largest per share trading was in Real
Estate Mortgage g. Guaranty pre-
ferred, 6472 shares changing owner
ship The dollar value of these sales
was much lower than in most other
issues, as the transactions were made
At and between 612 and a.. a share.
During the six months 1854 shares
Of Capital Transit stock changed
ownership. This stock opened 1887
at 1412, rose to Is, then dropped to
el2, and ended the half year at l0t.
Among the high priced issues. Wash
ington Railway g. Electric preferred
ted all the others, more than 1857
shares changing ownership, with re-
cent sales taking place around Ill.
Mergenthaler Linotype is way up
the list in amount Of activity. sales
In the six months reaching 1905
shares, the stock closing the half
gear period at Al, new low mark
for 1887 Sales in the same period
In Lanston Monotype reached 1858
shares, the stock now moving at 80,
after reaching 100 at one time this
year.
Bank stocks have given good ac-
count Of themselves so far in 1887
Demand has been good, and on the
whole prices have remained firm.
Members of the exchange are much
pleased with business during the first
half year and look for it to continue.
President James NJ Johnston and all
his associates are cheerful on the
outlook.
Bank Declared Dividend.
Directors of the Washington Loan
& Trust Co., meeting late yesterday,
declared a quarterly dividend Of 2
per cent a share on the outstanding
stock, payable August l, to stockhold-
ers of record on July %.
Directors Of the John H. Wilkins
Co., coffee merchants, Lave declared
"A per cent semi-annual dividend on
the outstanding preferred stock and
4
common stock both dividends being
payable July IS.
The Texas Corp. is announcing
group life insurance and pensions for
approximately $4,000 employees in 48
States. The premium will run to ap-
proximately S3,000,000 annually. En-
ployes will contribute part OF the
cost. Travellers, Aetna Life and EQuita-
bic Life each carry one-third Of the
risk.
State and municipal financing for
the month OF June aggregated $l07,-
s59,546 as compared with $ll8,092,-
$50 in June. 1886, according to the
Daily Bond Buyer. The total for the
first six months of 1887 is s6l89o4,-
DIS as compared with 1894, 748,3 1925
Tor the same period last year.
Banks Get New Legal List.
All banks in the city have been
furnished by the head Office of the
District Bankers Association with the
new list of legal investments for trust
funds which was prepared by Theo-
dore Coggswell, register of wills, in
conjunction with the local bar and
bankers associations and group Of
trust experts The new ruling on
these investments became effective on
July / and is of great value to all
Investment institutions in the city.
The leading investment firms in the
Capital have made the new legal list
available to clients, several mailing
them direct to their customers. The
dist has already received a great deal
Of most favorable comment.
Members of the District Of Colum-
bia Life Underwriters Association are
taking great interest in Life 1nsur-
lnce Speaks for ITSELF" by M Albert
Linton, president of the American
Actuarial Society. Mr.. Linton is also
o member of the special advisory
council recently named by the Social
Security Board to aid in the con-
Ederation of the future of the old-age
pension plans. Winthrop G. Batch
elder, an official in the local associa-
ton, considers the author answers
recent attacks on insurance unusually
we'll.
Investment Firm Changes Name.
The investment firm of D. H. Nc
Knew & Co. announced today that
the concern has changed its name
TO McKnew. Fairfax g. Co. This firm
has been member of the Washington
Stock Exchange for a considerable
time and was founded by Donald H
McKnew. The New York correspond
ents are members of the New York
Stock Exchange, Dobbs g. Co.
Mergenthaler Linotype was much
stronger today than when it closed
the first half year. IS shares SELL
ing on the Washington Stock Exchange
Mt 4312. Lanston sold at 81, ano
Washington Railway & Electric pre-.
ferred at ll01a.
washington Gas Light stock opened
at 1917 and closed at 78 on a 30-share
turnover. Capital Transit came Out
nt 1nA Pnnd trodjno Ap VI