Evening star., 1938-05-11
d C Bond Yields High.

d. C. Bond Yields High.
Yields on bonds on the Washington
Stock Exchange are uniformly high,
much higher than similar bonds on
many other exchanges, survey re-
veals. At present yields are running
from a low of $40 per cent to as high
as IL per cent.
The most popular bonds so far this
year have been Washington Gas Light
SIS, 1858, which are now yielding 4.60.
Washington Gas Light IS, 1860, now
selling at 1T, are returning 3.85.
Georgetown Gas SIS, at ll3, yield 4.lO
per cent.
The last sale in Washington Rail-
way & Electric As took place at 10814
which gives them yield of 3.20. Po-
tomac Electric Power 81 render the
smallest return. Selling at LOG. they
return the investor $40 per cent.
Capital Traction SIS have been among
the most active bonds on the list so
far this year. The last sale at 81 gave
a yield of IL per cent. the highest on
the board, although two other bonds
are nearly in the same class.
These bonds are Anacostia & Po-
tomac River r. R. first SIS, which last
sold at 60, making the return 1l.50
per cent, and City & Suburban first S.,
which are selling at practically the
same price and also yielding around
11.5O per cent.
In the miscellaneous list two bonds
are returning better than the normal
average. Chevy Chase Club 4As sold
recently at 1O424 to give the investor
$50 per cent, while Country Club 4As,
selling at 1o3, yield 3.95.
Some of these bonds are in such
strong position that there would be a
great deal more trading in them if
the holders were willing to sell at
slightly lower prices. This they
won't do.
Bankers Hold Spring Meeting.
Washington bankers to the number
Of 225, including their guests and
many bank directors, are journeying
to the Columbia Country Club late
today for the annual spring dinner of
the District Bankers Association.
Many will play golf during the after
noon for prizes to be awarded at the
dinner.
President Thomas j. Groom will
keep the program moving at lively
pace; T. Stanley Holland will give the
Hot Springs convention a big push
and the rest of the evening will be
given to entertainment. James A.
Soper is chairman of the Arrange
nlents Committee.
Predictions are being made that this
years association convention will be
the largest in several years.
Eccles to Visit New Jersey.
Mariner S. Eccles, chairman of the
Federal Reserve System, will address
the New Jersey State Bankers Asso-
citation next Friday at Atlantic City.
On the same day Leo T. Crowley,
chairman of the Federal Deposit In
surance Corp, will speak to the same
bankers.
D. J. Needham, general counsel of
the American Bankers Association.
whose headquarters are now in Wash
ington, and DR.. E. A. Kincaid, con-
sulting economist of the Federal Re-
serve Bank of Richmond, will address
the Maryland Bankers Convention
during the coming cruise to Bermuda.
The Western Maryland Railway Co.
has notified Baltimore Stock Exchange
that $240,000 of Baltimore 6 Harris
burg Railway Co. first b per cent bonds.
due May, 1888, are being paid off in
full at Mercantile Trust Co. in Balti-
more.
Heard in Financial District.
Twenty shares of Capital Transit
stock changed hands on the WASH
ington Stock Exchange today at Z.
This was unchanged from the last
previous sale. Potomac Electric Power
per cent preferred stock sold at ia.
George M. Rowzee, jr, Lincoln Ma
tional, expects very large attendance
OF members and guests of Washington
Chapter, American Institute of Bank
ing. at the annual spring dance at the
Congressional Country Club Friday
evening. He is chairman of the Ar
rangements Committee.
Norman E. Towson, Washington
Loan & Trust Co., will address the
Students at the Roosevelt High School,
tomorrow morning, on Banking as a
Vocation and Profession" He has al
ready given several similar talks this
year for the Institute of Banking.
Trading in futures on the three or
ganized cotton exchanges totaled g.
10000 bales Of cotton during April,
as compared with 3,472,200 bales for
March, the Commodity Exchange Ad-