Evening star., 1938-01-05
Total --------- 1922 ,6es,2 ,2l2.67
d. c. Exchange Trading Of.

Volume OF trading on the WASH
ington Stock Exchange in both the
senior and Junior issues took a
tumble in 1887 compared with 1896,
although business IN bonds expert
enced much greater letdown than
did stocks. In line with security
markets elsewhere, prices also aver
aged lower at the END OF the. year,
q survey of the u months discloses
During 1887 there was turnover
of 2l,299 shares of stock. in compari-
son with 24,523 shares during 1886.
a decrease of 1904 shares. Trading
in 1887, however, was far ahead of
1885 when the total volume reached
only 1885 shares. The 1886 record,
the best since 1929, set hard pace
for the year Just ended to equal.
Bond trading on the Washington
exchange in 1887 totaled S46l 900,
against turnover of 1895 900 in the
senior issues during 1886 This was
a drop in dollar volume of S434,600, or
loss of about one-half of the ac-
tivity which prevailed during the
previous year. The comparison is
even less favorable with 1885, when
bond dollar volume reached>>a total
Of s1,117,6oo.
Transit Stock Tops Volume.
Capital Transit stock was by far
the most active issue in per share
turnover during 1887, 51O6 shares
charging ownership. Naturally the
largest turnover comes in the low
priced stocks and real estate mort
gage and guaranty preferred ran Sec
ond with 4,697 shares changing hands.
Trading in Mergenthaler Linotype,
with 2,235 shares, came third in the
list.
In the public utilities group, Poto-
mac Electric Power issues were espe-
cially active, 1,466 of the 81, per cent
preferred issues moving during the
year and 500 of the per cent pre-
ferred. Washington Railway & Elec-
trio preferred was always in demand,
1877 shares being bought and sold.
The new Washington Gas Light pre-
ferred, which was not listed until
after the middle of the year, at once
jumped into popularity and recorded
a turnover of 1,166 shares.
In the bank stock division, lot
OF interest developed during the year.
The heaviest turnover was registered
in American Security & Trust Co.
stock-308 shares. Riggs National
common sold to the extent of 226
shares and the preferred, 1877 shares.
National Capital Bank saw a turn
over of 160 shares, Liberty National
80 shares, National Bank of WASH
ington 49, National Savings g. Trust
1870, Washington Loan & Trust So
and Bank of Bethesda S. Another
stock listed on the exchange, Bank
OF Commerce & Savings, witnessed
q constant advance in bio and asked
quotations, but did not record a
sale during 1887.
Other Issues Popular.
Columbia Title Insurance was in
lively demand during the year, Lans-
ton Monotype had turnover of 460
shares, Woodward g. Lothrop COM
mon 100 shares and the preferred
141 shares. The preferred, paying a
per cent dividend, opened the year
at 125 and closed only points lower.
Security Storage was another issue
that held up particularly we'll on a
184-share turnover.
In the bond division, Capital Trac-
ton first SIS, 1947. were the most ac-
tive with a dollar turnover of S2O2,-
500. During the year they dropped
from 81 to IS while the company
was appealing for an increase in car
and bus fares and stressing the need
for higher revenues. Other issues
connected with the transit company
also recorded lot of activity.
Potomac Electric Power IA per cent
bonds registered $4,000 turnover,
while Washington Railway As wit
messed $41,50O turnover. These
two bonds and Chevy Chase Club
4As ended the year with practically
no recession in price quotations.
While this review relates to the
years volume of trading, it should be
noted in passing that some excel
lent dividend records were main
tanned. Regular dividends were paid.
along with many specials and extras.
In this list, Washington Railway g.
Electric common stock took the lead,
paying $36 share in regular diyi-
dends and q $14 extra, making a
total Of $50 share for the IL months.
Highest priced stock on the board, It