Evening star., 1939-10-30
Unlisted Securities
Show Few CHANCES
In 10-Month Period
Bank Stock Quotations
Higher Than Majority
Of Other D. c. Issues
BY EDWARD c. STONE.

poiIuo anu StUIhS dle NiHttlllS up
the first 10 months of 1889 about
where they started These issues
did not share in the war boom"
advances a month ago. and had no
recession afteTward.
These stocks, which are not listed
on the Washington Exchange, did.
however. feel the effects of the er-
ratio moves in New York. 1t is said
in the financial district that some
out-of-toWn holders of local issues
were persuaded to part with them
and switch into so-called war Sc
curities, held likely to go higher be-
cause of conditions in Europe.
Switching by some investors in
other cities has made more Of these
issues available to Washingtonians. a
step toward repatriation of these Sc
Curities, as one dealer said today.
People outside the Capital know less
about Washington issues than is
known here. This makes them more
willing to sell certain holdings and
pick up issues which may or may
not move more rapidly in war times.
Bond Quotations Steady.
Recent quotations show the price
flrmness of many unlisted Wash
ington securities. Consolidated Title
IS are the highest priced bonds in
the list, the bid now standing at
100. The bid for Hamilton Realty
first IS stands at SO with 102 asked.
For Barber G. Ross As "a is bid. La
Sale Apis North Actuals, 40 bid
and So asked; South Actuals, So bid
and 70 asked.
Mayf1oWer Hotel first SIS carry a
bid of 63i2 with 66ls asked: National
Press Building first 3-5s. II bid, rs
asked; Racquet Club first SIS, 48 bid
and SO asked; Shoreham Hotel Sec
ond As, IS bid and 95 asked; WASH
lngton Auditorium first 6s, rs bid.
83 asked; Washington Properties Is,
66i2 bid and 6ll2 asked
Quotations on stocks are esqually
interesting National Metropolitan
Bank stock is now the highest
quoted issue in the list, 245 BID and
26O asked. Columbia National stands
second. 1922 bid and 2o5 asked.
Prices of Other Issues.
Anacostia Bank stock carries a
bid of l60, with It's asked. City
Bank stands at 23l2 bid: Eas,
Washington Savings. IA bid: Hamll-
ton National, q BID and 20 asked :;
Munsey Trust, 80 bid and none
offered.
Second National Bank has a bid
Of IS and Union Trust Co. stock
stands at bid and 80 asked. Aside
from bank stocks, Washington
Sanitary Housing Co. is one of the
the highest priced, with bid of lO9.
The bid for Fidelity Storage Co..
is 107 and for Griffith Consumers
preferred. 104.
Washington Convention Hall pre-
ferred stock is now quoted at So
bid and Is bid for the common.
Raleigh Hotel common stands at
IA bid and Is asked. For Capitol
Park Hotel. 80 is bid and so asked,
according to latest financial dis
trict reports.
Brokers May Get Two Holidays.
There is possibility that Wash
1ngton brokerage houses connected
with the New York Stock Exchange
may get two Thanksgiving holidays
Brokers said today that they now
expect to observe Thanksgiving on
November %, the new date set by
President Roosevelt. 1t is expected
that Gov. Lehman will name the
same date for the holiday in New
York State. However, if the New
York State official should stick to
the old date, November 80, Wash
ington brokers would have no choice
but to observe the second holiday.
This, they say, they are willing to
do. The Lehman proclamation is
expected this week, although it had
not come over the tickers up to noon
today, and his decision will settle
the problem facing all New York
Exchange brokers in the Capital
one turkey dinner or two.
Washington banks will all be
closed on November %, although
some of the out-of-toW banks with
which they do business will be open.
Officials say, however, this is not a
serious matter.
Outlook Best In 81 Months.
A note of caution against over
optimism in long-range view Of
the effects of the war in Europe
on American business is sounded in
the monthly survey on the condition
of business in the November issue
of Banking, official publication of
the American Bankers Association
The war seems to be making
things easier for business, although
the feeling up to this time is not
entirely optimistic, the survey states.
Recovery, of course, had developed
quite bit of momentum before
the first shot was fired and every
index was pointing to continual
ton of the movement. Meanwhile,
no one really believes that prosperi-
ty can be based on the destruction
of life and wealth.
The cross-indeX Of business opin-
ion compiled by Banking reveals
that 81 per cent of the bankers and
industrial leaders queried this
month think that their respective
businesses are improving or holding
up quite well.
On the whole, this is the most
favorable outlook recorded for the
21 months that this index has been
compiled the survey says.
Peoples Common at New Top.
Peoples Drug Stores common stock
scored another high mark for the
year on the Washington Exchange
today when A shares changed hands
at IS, up half point from Saturday
and full point from last Friday.
The stock closed with 33 bid and
SO asked. Today's transfer was the
first since the report, out yesterday,
showed such favorable earnings in
the first nine months of this year,
Sl.94 share against S1.57 per share
in the first nine months of 1898.
Anacostia & Potomac IS appeared