Evening star., 1938-01-10
MARKET IS BEST
IN REALTY BONDS
Unlisted D. c. Securities
Meet Active Demand Dur.
ina Year 1887.
BY EDWARD c. STONE,

Real estate bonds formed the most
active group among Washington Sc
curities sold over the counter in 1897.
leading dealers in these issues de-
clared today, Unlisted bank stocks
we're also in unusually good demand.
many at steadily advancing quota
tions. While prices in unlisted securi-
ties felt the business recession late
in the year, they held up very we'll
and over-the-counter business, as a
whole. was highly satisfactory, dealers
stated.
While there is no compilation of
.rading available, probably Washing
ton Properties, Inc, Income Is. due
1852. represented the largest volume
of trading of any single local issue.
These bonds ranged in price during
the year from high of around 68
10 the current prices below so.
National Press Building first mort
.age bonds opened the year quoted
lightly under 80 and closed about 10
>oints lower. with the price lowering
YEAR the highs for the better part of
he year Mayflower Hotel first mort
age bonds opened at close to par.
''hich prices were held for the first
our months. and in sympathy with the
eneral real estate bond market
Jumped off to current levels around IS.
Bonds Widely Held Here.
These three issues were originally
distributed nationally, but have been
eacquired by local investors during
he last five years. Other local real
state bonds and notes, which were
originally held primarily by Washing
onians were less active during the
.,ear, but held their prices more evenly.
Capital stock of Hamilton National
Bank. was very actively traded during
The year. reaching high of 38 in the
carly part of 1887 and moving lower in
ympathy with the general trends to
he present quotation of 27-30.
A consistent demand in the market
or City Bank, Security Savings &
Commerce and Columbia National
}ank also evidenced itself. although
hese issues were relatively inactive.
In the real estate and financial
division. Consolidated Title Corp. pre-
erred and common stock and National
iortgage g. Investment preferred
vere most active. although trading
vas confined to a relatively narrow
iange.
Bid prices for District National 4
Securities preferred and Federal
american Co. preferred. as we'll AS
Washington Sanitary Housing and
Washington Sanitary improvement
emalned stable with practically no
hange during the year. A fair amount
# trading took place in these securi-
les.
Occasional trading in the Consoli-
lated Terminal preferred stocks, Grif-
it'll Consumers preferred and COM
non, and Merchants Transfer &
Storage preferred and common was
noticeable. Fluctuation in price was
lery narrow. however.
Final Bids on Leading Issues.
For purposes of record. final bids
or 1897 for leading bonds sold over
he counter are given as follows:
Barber e. Ross deb, IS, 1945. IS; Con-
;olidated Title Co., Inc. IS. 1851. 100;
D. c. Paper Mill lst IS, 1916, IS; Ham,
ilton r. Corp. lst SIS. l945, 90: May
hover Hotel Corp. 1st SIS, 1850. 72l2;
National Press Building 1st 3-5s. 1850,
S4; Racquet Club 1st SIS, 1s45. Al;
Riverside Apis. lst Is, 1894, 96: Wash
ington Auditorium LIST SIS, 1914, IS;
Washington Properties, Inc, is, 1852,
A.
Closing bids on stocks for 1897 in the
over-the- counter market were as fol- |
lows: Anacostia Bank. $50: Anacostia |
Finance, IS: Barber &, Ross pfd. new.
Z; City Bank, l6; Columbia National
Bank, 200; Consolidated Title Corp |
pfd., AZ; Consolidated Title Corp |
com, sig; East Washington Savings
Sank, 14l2 Federal American Co.
pfI., 80; Federal American Co. COM.
l12; Hamilton National Bank, q;
Lincoln Hall Association, rs; Mer-
chants Transfer q Storage pfd, II;
Merchants Transfer g. Storage COM,
l2; National Capital Insurance, l8; |
National Mortgage &, Investment pfd.,
ll2 National Metropolitan Bank, 225:
Real Estate Mortgage & Guaranty !
COM, IL; Security Savings & Com
l42; Southern Oxygen GO. |
com, new, 80: Union Finance Units, |
%; Union Trust Co., IS; Washington
Baseball Club, 35; Washington Con-
vention Hall pfd., IS; Washington
Inc, vic. /.
Fifth District Trade Rises.
Department store trade in the
fifth Reserve district in December was
! per cent better than year ago and
per cent better for the full year
1887, the Federal Reserve Board gov
ernors reported today. The report
was from 50 stores in Is cities.
The December average for the whole
country was 2 per cent lower than
in December. 1886, but 6 per cent
ahead for the II months. The South,
Atlanta and Dallas, made
the best record in December. Per-
centage changes for December and
the year 1897, compared with 1886,
follow: /
Dec. Yr. Strs. Cits.
U. S. total - . + 6 44O 2l9
Reserve districts: /