Evening star., 1938-07-16
UNLISTED ISSUES
GAIN IN HALF YEAR
Both Sales and Quotations
Have Scored Advances,
D. c. Brokers Report.
BY EDWARD C. STONE.

washington securities, sold over
the counter, made an excellent show
ing in the first half of 1888, compared
with the same period in 1887, accord
ing to reports from the local invest
ment houses handling these issues.
A survey completed today brings out
the fact that quotations on certain Sc
curities have advanced substantially
sales have been ahead OF last year
while both investors and spectators
are more favorable toward many un-
listed stocks than they were a year
ago.
Washington Properties, Inc, Is
have been among the most active
bonds during the past six months
The bonds are being quoted at 571a
bid and So asked. Washington Au-
.ditorium First IS have also command
ed unusual attention in recent weeks.
They have gone from 60 to around 80.
One of the reasons for particular
strength in these bonds is the fact
that the auditorium is located near the
site for the proposed War Department
building which the Government in
tends to erect in the not distant fu-
ture. While the auditorium is not
situated on Government property,
holders OF the bonds look for some
advantage in one way or another.
Over period of years Auditorium
IS have made surprising comeback
after hitting their all-time low point
about the time that Constitution Hall
was completed. The recent turnover
has been extensive brokers report.
Barber and Ross Bonds Gain.
Barber & Ross debenture As opened
the year with rs bid and 80 asked.
They have gained strength until IS
is now being bid and 95 asked, with
comparatively few holders willing to
sell. National Press Building bonds
opened 1888 with bid of 81, with 50
asked. They now stand at 50 bid and
73 asked. Mayflower Hotel First IS
have shown considerable improvement
in the past six months and LaSalle
Apartments have advanced some 10
points.
Washington bank stocks, which are
sold over the counter, have been &C
tive so far this year, several reaching
higher prices. Brokers say fluctua-
tions in these stocks have been about
the same as the banking issues listed
on the Washington Exchange.
The bid on Columbia National Bank
stock has gone from 200 to 220 in the
period under review. National Met
ropolitan is now quoted at 230 bid and
$50 asked. While quotations on Ham
ilton National Bank stock have
changed but little in the half year,
brokers report good many sales in
this issue. On some of the other bank
stocks as well as on other issues, quo
tations are not as high as at the be-
ginning Of the year.
Baseball Stock Advances.
Washington Baseball Club stock has
advanced about 10 points. It started
the year with 35 bid and none offered.
The latest bid is ~ with so asked.
Sales in this stock are very rare. In
the old days everybody who owned
share of stock had season pass to
the ball games. 1t is said that
crinp was put in that policy and that
only the big stockholders now receive
the pasteboards. Whether the ad-
vance in the price of the stock fore
shadows a pennant, brokers do not
attempt to say.
Stock of Griffith Consumers Co. has
come into the limelight quite vigor-
ously in the past few months. The |
same is true of Consolidated preferred,
now selling around As. National
Mortgage g. Investment preferred, one
of the lowest unlisted stocks, is said
to be quite active at present.
The new optimism among invest
ment dealers in the Capital is said to |
be due to the bull market" in New
York, with better bond prices; an in
crease in new national bond issues, |
and the sudden revival of interest |
among investment clients. The better |
demand for listed and unlisted Sc
curities here is factor.
Railroad Earnings Compared.
Seventeen class I railroads, repre-
senting 64.6 per cent of total operating |
revenue in the Southern district, had |
estimated operating revenues In June |
of s23,035,2s2, compared with $685.
445,6 in June, 1887, and $32, ,423, ,693 |
in June, 1880. Operating revenues
were 1873 per cent below those for the
same month in 1887, and 29.0 per |
cent below June, 1880.
Freight revenues in June amounted /
to s19,094,0 ,06s, compared with s21,-
699,468 in June, 1887, and s25,519.699 |
in June, 1880. Freight revenues were
120 per cent below the same month
in 1887 and 25.2 per cent below the
same month in 1880
Passenger revenues in June totaled |
S2,084,982. compared with $2,539,511 !
in June, 1887, and s4,353,476 in June,
1890, or 17.9 per cent below June, 1887,
and 5l.1 per cent below June, 1880.