Evening star., 1939-05-22
Capital Bank Stocks,
Sold Over Counter,
Hold Firm Prices
National Metropolitan
Highest Quoted Issue
In List at Present
By EDWARD C. STONE.


With the first five months of 1889
rapidly drawing to close, Washing
ton bank stocks. which are sold over
the counter. have remained firm and
recorded very few price changes.
Among the bank stocks not listed
on the Washington exchange. Ma
tional Metropolitan stands at the
top in price. the latest bid being 240,
with 260 asked. Next comes Colum-
bia National, with 100 bid and Of
fered at 205. Anacostia Bank, for
which $50 now is bid with none
offered at any price, stands third.
Very close in price is Security Saw
ings g. Commercial, on which the
bid stands at 158 with 165 asked.
Second National now registers 81
bid and So asked.
The latest bid for City Bank stock
Is d, with % asked; IA is bid for
East Washington Savings, with none
offered, while the latest Hamilton
National quotations have been 283l
bid and 800, asked. For Munsey
Trust Co. stock 80 is now bid and
the quotations on Union Trust stand
at 70 bid and IS asked. Dealers re-
port fair demand for these bank
stocks in recent weeks.
Other unlisted stocks have also
been more or less active so far this
year. Fidelity Storage is the high
st-priced stock in this list, with los
bid. Griffith preferred
carries bid of 104 and Washington
Convention Hall stands at 90 bid.
Some of the lower-priced issues,
however, enjoy much larger turn
over, dealers say.
The bond record so far this year
has been equally good. Barber &
Ross As have slowly strengthened
until the bid now stands at 80. Con-
solidated Title Co. IS are wanted at
par, with none offered. Hamilton
Realty Corp. LIST IS are in demand
at SO. Mayflower Hotel lst SIS 1850
carry bid of 84l2. but holders want
S9l2 for them. Washington Audi
torium IS stand at rs bid and 80
asked. while Washington Properties,
Inc, Is have recently recorded bid
of 6112 and been offered at 65l2.
Banks Receive Bond OHer.
All banks in the District received
notice today that the Home Owners
Loan Corp. through the Treasury,
is offering IL per cent siX-eight
years bonds for about S900,000OOO
234 per cent bonds which have been
called for redemption on August l.
Holders Of the called bonds may
acquire a like principal amount of
the new bonds on par-for-par eX-
change basis. The notice said the
new IL per cent bonds will be dated
June l, 1899, and mature June l,
l947. but may be redeemed at the
option of the H o. L. C. on and
after June l, 1915. This is the Sec
ond exchange offering made by the
H. o. L. c. this month. The new
bonds will be fully and uncondi-
tionally guaranteed both as to
principal and interest, the Richmond
announcement said.
Virginia Bank Speaker.
Frank M. Totten, one of the vice
presidents of the Chase National
Bank, was in the city today on his
way to Winchester to address a
large group of Virginia bankers to-
night in their series of special public
relations meetings. Mr.. Totten flew
down from New York and motored
from here to Winchester. The
Northwestern Virginia bankers have
had several noted bankers address
them. but none better known than
Mr.. Totten
Several Washington building and
loan associations have gone on their
summer schedules. The Perpetual
announces that for the rest of the
summer the office will be open at
9 and close at 4, except on Saturday
when it closes at l O'Clock. On the
last and first day of the month and
on the 18th and 10Th, the Office re-
mains open until pm.
The District Of Columbia Build
Ing and Loan Leagues Executive
Council meets at the Raleigh Hotel
tomorrow noon. Several matters
are on the slate. President Arthur
B. Bishop will preside.
District Holds Assets Record.
Twenty-eight savings and loan as
soclatlons joined the Federal Home
Loan Bank System during the first
quarter OF 1899, it was reported to-
day by officials of the Federal Home
Loan Bank Board. AS of March 81.
there were $3.50 member institutions
with total assets of 81 ,493 ,637 900, in
Guiding State-chartered and Fed
eral chartered savings and loan asso-
Citations, savings banks and insur-
ance companies.
Pennsylvania led other States in
number of members of the system
with $40. Ohio had 44O, Illinois, 353,
and New Jersey, 294. In assets,
Ohio topped other States with s672.-
100000 Other leaders were Mas
sachusetts, $480325 900; California,
1927 $4,000; Illinois, S25o,O06 900;
New York. s246,930,OO0; New Jersey.
S232,503,000, and Pennsylvania. s221,-
745,00O
On the basis of -non-farm popu-
lation, a survey of per-capita distri-
button by States of the assets of all
members savings and loan associ-
atlons the end of March showed
that the District of Columbia led
with S249.8l with Ohio second at
Sll9.34; Massachusetts,, S84.O1: Wis
consin, S70.38; Louisiana, S7o.27, and
Kentucky, $6252.
Half Billion Insurance Gain.
An increase of approximately
$586,000 900 in ordinary insurance in
force for the first quarter of the
year has just been reported by the
Life Insurance Sales Research
Bureau, Hartford This increase is
at an annual rate of 81 per cent and
is based on the experience of 80
companies representing 81 per cent
of the total volume of ordinary in
surance in force in the United States.
The volume figure has been raised to
represent the experience of all COM
panies operating in the United
States. The new level for ordinary
insurance in force is S76,181 900 900.