Evening star., 1939-07-12
D. T.. Bank Stocks
Make Fine Record
During Half Year
National Savings
Most Active Issue
On Exchange Here
BY EDWARD C. STONE.

higher than on many conservative
bonds and the demand better than
the supply unless the buyer was
willing to raise outstanding bids.
National Savings q Trust Co.
stock has been the most active issue
on the list, 1875 shares having
changed ownership so far this year
The last sale was made at 1876 al
though the stock sold considerably
higher than that at one time this
year. At present prices, the yield
is S1O8 per share.
Liberty National stock has been
the second most active bank security
on the exchange, 1O8 shares having
changed hands in the half year
The stock opened 1899 at l8O,
dropped to 1T and is now 179
Paying Sc year it now yields 32O
per cent.
American Security & Trust stock
stands third on the list in pop
ularlty so far as turnover is con-
cerned. The last sale was made at
255, to yield 31l per cent. The high
for the year is 259, very small
fluctuation in the six months.
Other Quotations and Yields.
National Capital Bank stock sold
at 142 on the last transfer, yielding
2.81 per cent at that price. National
Bank of Washington stock was
quoted at 1913 on the last sale, which
means yield of 487 per cent, as it
pays $6 a year. Washington Loan
& Trust has varied only a point in
the half year, the last sale register
Ing 235, to yield $40 per cent
The last sale in Riggs National
Bank common stock was quoted at
270. making a yield of almost 3 per
cent Early in 1888 the stock sold
higher than at the end of June. The
last sale in Riggs National pre-
ferred recorded 1922, a change of
but half point in the six months.
The stock pays S5 year.
Four other bank stocks on the
Washington Exchange have yet to
register their first sales this year,
Bank of Commerce & Savings. on
which the present bid is 264; Bank
of Bethesda, present bid. %; Prince
Georges Bank & Trust Co., l8 bid
and 20 asked, and the Lincoln Ma
tional for which 200 is now bid
Maryland Invites Bond Bids.
The State Of Maryland will re-
ceive bids at the State treasurer S
office in Annapolis, until noon, July
25, on Sl,587 900 certificates of in
de5tedness known as general bond
issue of 1889 The bonds will be
dated August Is, 1899, and mature
serially 1912 to 1854 Bidders are
requested to name one rate of in
terest for the entire issue. All bids
must be based on an offering to pay
not less than par.
This financing represents the ini-
tial offering Of S4,l30,000 loan
passed at the 1889 session of the
Maryland Legislature. Another in
stallment of the loan, in the amount
of ST 10000, will be offered for sale
in February. 1940 while the re-
naming portion Of $1,173,000 will be
sold in August, 1910.
Proceeds from the sale of the
bonds will be placed at the disposal
of the Board of Public Works for
construction and repair at various
State institutions, including hospi-
tails, schools, penal farms and others.
The military department will also
be appropriated $4,000 for con-
struction of plane hangers, naval
reserve armory and for additions to
other existing armories.
Potomac Bank Assistant Named.
Directors of the Hamilton Ma
tional Bank, at their meeting yes
terday afternoon, elected Hubert R.
Bauchman assistant manager of the
Potomac branch, of which C.. w.
Shoemaker is manager. Vice Presi-
dent w. J. Waller announced today.
Mr. Bauchman entered the bank
Ing business in 1922 with what was
then the Potomac Savings Bank,
which makes him especially familiar
with the territory in which the Po-
tomac branch of the Hamilton now
operates. He obtained general bank
ing experience with the original
bank.
Since his connection with the
Hamilton National he has worked
at the Brookland branch and has
also served in the main Office Born
in Virginia, he is 33 years old, is
graduate of Washington Chapter,
American Institute of Banking. and
the Y. M. c. A. School of Accounting
National Savings Dividend.
Directors of the National Savings
& Trust Co. at the June meeting
held yesterday declared a dividend
of 81 per share upon the capital stock
of the company payable on August
to stockholders of record July %,
1t was announced at the bank today.
This was the third ST dividend de-
clared by the National Savings &
Trust Co. this year. The three pay
ments would appear to put the bank
stock on 4 per cent basis, for the
present at least, following the period
when dividends were omitted.
Smith, Barney & Co., First of
Michigan Corp and Dominick g.
Dominick headed group which Of
fered Yesterday a block of 10000
shares of Parke, Davis & Co. capital
stock at $42ss a share net. The
group reported today that the offer
ing was well received.
Heard in Financial District.
Capital Traction SIS figured in a
$4,000 transfer on the Washington
Stock Exchange today at 9312. This
was the largest bond sale in several
sessions. Other issues were neg
lected, bid and asked quotations
remaining firm.
AS noted elsewhere in today's Star,
the Washington Gas Light Co. has
filed registration statement with
the Securities and Exchange Com
mission covering an issue of 1862 ,587
shares of common stock. The price
at which the stock will be offered
the public will be announced later.
Bankers said today they believed
this the first step by which the
Chase National and other out-of-
town banks will diStrib,1te their