Evening star., 1939-07-15
D. {. Utility Issues
Make Fine Showing
In First Half Year
Bonds Now Selling
Above Par Maintain
Extra High Yields
By EDWARD C. STONE.

IGNORED sharp QcCllllcS Ull UllcS INCW
York and other exchanges, and
closed the six-month period near
their high marks for the year. Sew
eral of these issues are selling far
above par and still returning high
yields.
Washington Railway g. Electric
preferred stock headed the list in
price, ending the six months at
1851. Paying per cent interest,
the stock yields 429 at that price.
The half year turnover was 266
shares.
Next in the list Is Potomac Elec-
trio Power per cent preferred, the
last sale at 116 fiat meaning yield
of SIT per cent. Potomac Electric
Power 5la per cent preferred held
third place, the last sale being re-
ported at 114ss, with the yield on
this issue 4.79 per cent. The turn
over in these stocks was 356 and 349
shares, respectively.
Washington Gas Light preferred,
which was very active during the
half year, registered a final sale at
1861, the yield at that figure being
430 per cent. Sales totaled 1888
shares. Washington Gas common
closed the period at 30, the turn
over reaching 422 shares. The yield
at present is per cent.
The largest per share half year
turnover was in Capital Transit
stock. 1894 shares. The low for
the period was 7, the high 1884, and
the close 13. While the stock Is
selling at a very low figure, it
nearly doubled in the six months, on
steady improvement in earnings, the
long range chances for dividends
being that much brighter.
Norfolk & Washington Steamboat
stock was quiet but firm, selling at
so and paying 4 per cent to yield
666. No sales were recorded in
Washington Railway & Electric
common, the present bid being $685.
per share. Another stock in the
list is American Telephone g. Tele-
graph, but one sale being noted in
the six months, at $50.
In the same period public utility
bonds drew lot of attention, price,
being unusually steady and strong,
In this list Washington Gas Light
first SIS are the highest priced issue,
the last being at the 1899 high mark
of 1884. The dollar volume in the
half year reached $38,500. The
yield is 3.12 per cent.
Washington Railway & Electric
consolidated Is. on a $17,500 turn
over, sold at 1o834, to yield 3.18 per
cent. Capital Traction first SIS
were popular, with sales reaching
$4,000, closing the half year at
94A on an advance from 83. with
a return at the closing price of
COS per cent.
Anacostia g. Potomac River first
IS, 1949, witnessed a lively turn
over of $4,000, the final sale being
at 85A, up from 81. making yield
of 6.70 per cent. City g. Suburban
Ry. first IS moved from SO to close
the half year at 80, yielding 6.45 per
cent at that figure.
Another bond in this list. Ana
costa g. Potomac River R. r..
guaranteed SIS, witnessed no sales in
the six months. The last bid, how
ever, was Ito. showing what inves-
tors think of the issue, none being
offered at that figure.
Newspaper Advertising Gains.
Newspapers and display windows
are gaining in favor as promotion
media for department and specially
stores, according to a survey COM
pleted by the sales promotion divi-
sion of the National Retail Dry
Goods Association.
Out of every dollar spent for pro-
motion by the average store, 81 cents
went for newspaper Image, the an
alysis for 1878 stated This was
on a par with 1885 expenditures
but was cents more than in 1886.
Average store spent 13 cents on
window display against II cents in
1885 and 1886 and 10 cents in 1894.
Debts to individual accounts in
"a fifth district cities, rejecting
transactions passing through the
banks, rose per cent in May over
April of this year, and exceeded
May, 1888, figures by 8 per cent.
Fourteen of the "a cities showed
higher figures in May, 1899, than in
April, 1889, and 81 showed higher
figures than in May, 1885, Columbia,
S. c., reported the largest increase
for both periods, May, 1899, figures
being 26 per cent above those for
ol, Io,
Heard in Financial District.
Hotel business in June, as meas
ured by average sales of leading
hotels throughout the country, was
z per cent above June of last year,
according to figures released by
Horwath g. Horwath. specialists in
hotel and restaurant accounting
Hotel restaurant sales were up per
cent, while room sales showed gain
OF 9 per cent from year ago.
Since the start of this year Ameri-
can Ice Co. has purchased $437 900
of its 5 per cent sinking fund de-
bentures due June l, 1858, according
to information filed with the Sc
curities and Exchange Commission
AS OF June 80, last, 1892 900 OF this
issue was outstanding.
Gross revenue from the Nation
wide air express service of the Rail-
way Express Agency for May in
creased 80 per cent over May, 1888
the agency reported. This monthly
revenue record has been exceeded
only three times since the service
was inaugurated in 1927.
A gain of $40 ,048 $40 for the month
Of June in the money in circulation
brought the total figure, as of the
end of June, over the $7,0OO,0O ,00O
mark, to $7,046, ,444 003, the highest
figure at any month-end statement
In the history of this Nation.
Directors of the First Boston Corp
have declared a dividend of 40 cents
per share, payable July Is to stock
oN1dorS 0f record I,I1v Il Tho la cf