Evening star., 1939-03-03
Prices Remain Firm
On D. T.. EXCHANGE
Amid Fair Trading
Several Issues End
Two-Month Period
At Peaks for 1899
By EDWARD C. STONE.

at their highest marks of the year
and trading had been fairly sat
isfactory.
Capital Traction SIS were the most
active bonds on the list, closing Feb
ruary within fraction of their best
price of the year. which was IS, and
recording $23,500 turnover. Wash
ington Gas Light first SIS were next
in popularity, recording a turnover
of $l8,5OO, and ending the period at
125 against a 1899 high of 1862.
Washington Railway & Electric
consolidated 4s on their last sale
moved at 1867, compared with 109
earlier in the year. City g. Sub
urban SIS opened 1889 at 86 and the
most recent sale was made at the
same figure. Anacostia & Potomac
River R. R. first SIS are now selling
at 80, the 1899 peak. TheN moved
only point in the two months.
Gas Stock Market Leader.
In the stock division, Washington
Gas Light preferred has been the
most active high priced stock on
the list. So far this year, there has
been a turnover of 468 shares, the
last February sale being made at
1861. The only sale of American
Telephone was registered at $50.
Washington Railway & Electric pre-
ferred is now around liz, of from
1l6. Washington Gas common
ended February at 90, off a point
from the years high.
Capital Transit has recorded the
largest per share turnover of any
utility stock, more than $50 shares
the majority of the sales being
around 8. Potomac Electric Power
per cent preferred sold recently at
1151a, against 1864 as the 1889 top
while the 512 per cent preferred is
around 11412. Both these stocks are
always in demand, with sellers
scarce.
Bank stocks have also done well
in the first two months of 1899.
National Capital sold recently at 142,
Liberty National at IT, Riggs Ma
tional common at 274 and the pre-
ferred at 102.
National Bank of Washington
stock changed hands at 1913, Amer
lean Security & Trust at 259, Ma
tional Savings g. Trust at 1913 and
Washington Loan & Trust at 235.
Practically all these quotations are
at the high mark for the year.
The miscellaneous list has been
neglected, Mergenthaler Lintoype
Sr,ifl e, IN.
above 20. The only other issue
traded during the first two months
of the year was Security Storage
at lit, the stock always staying in
the blue chip" class.
Repair Loans Still Popular.
From February 3, 1898, to Feb
ruary / this year, 1890 loans were
made under Title I in Washington,
involving $1,466,529. These loans,
which are for repairs and improve
ments, were almost all made by
Washington banks, according to the
latest report from the Federal
Housing Administration.
Up to December 81, Washington
banks alone had extended 3,17O of
these repair loans, involving $780,
937. The addition of 220 more such
loans in January indicates that there
is still good demand, even though
winter is not considered as good
time as summer for repair and rem
ovation work.
Bankers say they are getting
good many such applications every
week and see a steady increase in
requests for such loans as spring
advances.
Owens Named Associate Agent.
j. Mitchell Owens has just been
appointed associate State agent to
cooperate in the management of
the John Hancock Life Insurance
Co. agency in the Albee Building.
He has been member of the organ
ization 13 years.
The E. j. Clark State Agency for
Maryland and the District of Co.
lumbia, with Offices in both Wash
lngton and Baltimore, was estab-
hshed AZ years ago by Mr.. Clark,
under whom IA general agents have
been trained for service in other
territories.
Brokers in the financial district
expressed keen satisfaction that
Gen. R. E. Wood, chairman of the
board of Sears, Roebuck g. Co., has
agreed to become business adviser
and aide to Secretary of Commerce
Hopkins. While active head of the
mail order house he was a frequent
visitor to the Washington stores.
Few men in the country have a
better knowledge of business prob
lens.
D. c. Bank Clearings Up.
The Washington Clearing House
reports clearings for the week ended
as totaling 22,807 ,O29, in comparison
with $22,778,57928 in the correspond
ing week year ago, and comparing
with clearings in the previous week
OF $l9,367 1882, gain of Is per
cent. Baltimore clearings were up
20 per cent and Richmond 9 per cent
over last year.
Stockholders in the Silver Spring
Savings & Loan Co. will receive
regular quarterly dividends of 7 per
cent on the preferred stock and 10
cents on the common stock, Lewis
Eisele announced today.
The voters of 80 communities in
80 States during February author
lied a total of $4956,291 in State
and municipal bond flotations.
This is about a normal level for
this time of year. February totals
for other years we're: $2,748,35O in
1888. $6,736, 400 in 1887 and s5 ,430 ,959
in 1896, according to the Daily Bond
Buyer.
Heard in Financial District,
John F. Hohns, superintendent of
agents, from Pittsburgh, addressed
the Washington agents of the Re-
lance Life Insurance Co. at
luncheon meeting this noon at the
Hay-Adams House.
MerConth h q 1or .11i