Evening star., 1939-07-10
June mos. Strs. {
q. S. total IS --3 49l
Counter Securities Are Firm.

DdlldS --- II 10
San Francisco - p % 8S %
Counter Securities Are Firm.
Washington securities. which are
sold "over the counter" held rela-
lively steady during the first half
of this year. price stability being
the real feature of the market dur
ing that period. according to sur
vey completed in the financial dis
trict today. Although not all that
could be desired, dealers report
fairly active demand.
Some issues were higher at the end
of the six months and others were
somewhat lower Such bonds as
National Press Building first 3 IS
hardly changed quotations in the
six months. These bonds are now
quoted at II bid and IS asked. Bar
Der & Ross deb. 4s have carried a
bid of 80 for months. City Club
1st IS have advanced lot, 55 now
being bid and 70 asked.
Consolidated Title Co. IS stand
at 100 bid and Hamilton Realty
Corp first IS at 80, up from 81. La
Sale South Actuals have gone from
481a to bid of ST. Mayflower Hotel
IS and Racquet Club IS have dropped
some in bid and asked prices in the
six months. Washington Auditorium
IS have remained around rs bid and
IS asked and Washington Properties
rs have advanced from a bid of 5212
to 5Sl2 with 63l p asked
Bank Stocks Hold Steady.
There has been general improve
ment among several bank stocks,
both as to demand and price, it
stated in the financial district, al
though some issues are not quoted
as high as in January. Anacostia
Bank stock is now quoted at 100
bid, about 10 points higher than six
months ago. City Bank has ad-
vanced from TIA to 20 bid.
Columbia National is now quoted
around 1870 bid and 1879 asked. The
bid for East Washington Savings
stock stands at IA, City Bank, 221a;
Hamilton National, % bid and 81
asked; Munsey Trust Co., 80 bid;
National Metropolitan. 245 bid and
260 asked: Second National 81 bid
and SO asked: Union Trust 80 bid
and 80 asked; Security Savings g.
Commercial, 150 bid and 165 asked
The bank stocks sold over the
counter have followed much the
same course during the six months
as have the bank issues listed on
the Washington Stock Exchange
The half year has witnessed firm
ness in these issues, as we'll as fair
amount of trading on the Exchange
Board.
National Mortgage Active.
National Mortgage & Investment
preferred stock has attracted par
ticular attention among the unlisted
stocks. AS noted several weeks ago,
the company's plan of reorganiza-
ton was put into effect, this caus-
ing general revival of activity in
the issue. The bid for the stock
around the first of the year was IA
while the present bid stands at 3la,
with Az asked. In the half year
the company paid the first dividend
since 1929 which proved very help
full to the stock
American Co. preferred now has a
bid of As and the common II; Barber
& Ross preferred, new. 13; Consoli-
dated Title preferred, 42l2 bid and So
asked: District National Securities
Co. preferred, 25 bid and 81 asked;
Fidelity Storage, los, and Griffith
Consumers preferred. 104; common,
a. Lincoln Hall Association stock
stands at 80 bid, 95 asked Merch-
ants Transfer & Storage preferred,
13 bid and 18 asked; National Cap
ital Insurance. IA bid
Raleigh Hotel common stock now
registers 1872 bid and 1872 asked;
Union Finance Units. Is bid;
Washington Baseball Club, As bid
and SIS asked: Washington Conven-
tion Hall preferred, 80 bid and COM
mon. IS bid.
Heard in Financial District.
Ralph Edicott, assistant treasurer
of the Washington Loan e. Trust
Co., left the Capital Saturday for
vacation of several weeks which he
will spend with his family at Wa
tonah Beach on Lake Erie.
The Equitable Life Assurance So
ciety held an insurance conference
at the Hay-Adams House this after
noon.
Washington banks have been
notified by President Hugh Leach
of the Richmond Reserve Bank that
no transfers of funds to the New
York Reserve Bank can be made on
Saturdays in July and August.
Reduction in interest paid on saw
ings accounts from IL per cent to l
per cent has been announced by
three banks-the State-Planters
Bank & Trust Co., First g. Merch-
ants National Bank and Virginia
Trust Co.
Depositors' balances in the postal
savings system during May declined
$3,000000 to total of $1,261 900 900,
as compared with $1,264 900 900 in
the previous month, it is revealed in
the current Federal Reserve Bulletin.
These balances in May, last year,
amounted to sl,255 900 900.
T0day's Trading on Exchange.
Capital Traction SIS got all the
attention on the Washington Stock
Exchange today. The bonds opened
with a $500 transfer at "a, followed
later by two ST 900 sales at the same
strong price. A single share of
Washington Railway Sz Electric nre.