Evening star., 1937-01-05
ro.o, s334.o25,seo.S .S9
Two Other Calls Issued.


simultaneously. with the con1roliel
call the Federal Deposit insurance
Corn issued a call for conoltlon Oh
the last day of 1885.
The Ed. I. C. affects 7,T00 insured
hanks not members of the Feoeral re-
serve system. The call by the con-
troller of the currency covers 5,4oo ma
tional banks. The Federal Reserve
Board is expected to issue can cover :
Ing member State banks.
The call today was the flfst since
last June 80. Reports are eApecteo
from banks in about 80 days. Inese
will he compiled and published WITHIN
six months. Law requires at least
three national bank calls year.
Sharp Gains in Securities.
Striking advances were scored our-
ing 1886 by washington securilies
which are sold over the counter, sew
eral issues gaining 20 or more points
during the II months.
Barber g. Ross per cent debentures
stood near the top of the list in I'M
provement, the low for the year be-
ing 38 and the high 81. National
Press Building bonds moved from QUA
to rs. while Mayfiower Hotel 5s. which
we're as low as IS. wound up the year
at e5l7. Hamilton Hotel IS recorded
a low of 80 and high mark OF 9o12.
washington Auditorium first mort
rage 6s made one of the best records,
selling as low as SIS and as high as TO-.
Consolidated Title of Washington IS
went from 95 to 100 during the year.
WASHINGTON g. Suburban stepped up
u points in 1886 and Washington
Properties, Inc, advanced from a low
Of 4712 to 60 as the top price.
Barber g. Ross new preferred stock
also did well, climbing from 2 to 512.
Federal American Co. preferred sold
as low as 20 and as high as 33 in the
1886 market. The company's COM
mon stock saw little change, the low
est sales being at l and the highest
at IA. .
National Mortgage & Investment
preferred witnessed bottom price OF
is and top of "a. Hamilton Ma
tional Bank stock, according to the
records of Johnston, Lemon & Co.,
sold from 20 up to 33, closing the year
close to that figure.
New Reserve Chairman Named.
Robert Lassiter of Charlotte, N. c.,
has been appointed chairman of the
Federal Reserve Bank of Richmond,
succeeding Frederic A. Delano of
Washington, President High Leach an
nounced today. as result of action
taken by the govermnor of the Fed
eral Reserve system. He will also
be Federal Reserve agent for the
Richmond bank during 1887, the an
nouncement said.
The new chairman is North Caro-
lima cotton manufacturer and for
rner banker. He has also been a di-
rector in several big railroads and is
a member of the North Carolina Tax
Commission.
Exchange Trading Improves.
Trading on the Washington Stock
Exchange in November was consider
ably better than in the previous
month, according to the latest report
from the Securities and Exchange
Commission. There was a turnover
of 3,167 shares having a sales value
of s2o7,191. compared with 1927
shares valued at $20l 1897 in October.
The sales value of bonds sold in No.
vember totaled s57.s51, against $48,-
457 in October. The value of both
stock and bond sales In November
amounted to s265,O42. against $780,
354 in the previous month, the Sc
curities and Exchange report states.
Both the Baltimore and Richmond
exchanges also reported better busi-
ness than in the previous month. The
dollar value Of sales on all registered
exchanges in the United States
amounted to $2,824,195, ,708 IN No.
vember, an increase of 9s per cent
over October and 10.9 per cent over
November, 1885,