Evening star., 1939-03-31
D. c. Securities Hold Firm.

Securities sold r-the-counter"
In Washington in the first quarter
of 1899 behaved we'll so far as prices
were concerned, survey made today
disclosed, although in some instances
quotations were lower than at the
beginning of the year. There was
slackness in the volume of busi-
ness, however, in sympathy with
the lack of activity in the biggest
markets in the country, investment
dealers reported.
The loW-priced issues of the Ma
tional Mortgage & Investment Corp
have recently attracted the most
attention of any stocks on the list
due to the reorganization of the
company. There were 200 stock
holders at the annual meeting when
the reorganization plan was ap-
proved, such an attendance being
very rare.
National Mortgage & Investment
preferred stock opened 1889 with
S212 bid and SO asked. Since reor-
ganization was accomplished, s425 is
being bid for the stock and IS a
share asked The company is con-
sidered to be in a far better po-
sition. with dividend prospects much
brighter AS far as could be learned
today. the bid for the common stock
Is still around 30 cents a share.
Mayflower Bonds Active.
Mayfower Hotel Corp. first SIS
Jumped into the limelight during the
recent hotel strike dropping ap-
proximately 10 points and then
coming back as soon as the strike
was settled. The bonds are cur
rently quoted at IS bid. At the
beginning of the year they stood at
B8 bid and SO asked.
National Press Building first SIS
have been quite active during the
three months, moving in range of
two or three points. They are now
quoted around 70 as the bid offered
at IS. In the bond division Wash
ington Properties, Inc, Is have been
in better-than-average demand, ris-
ing rapidly on passage of legisla-
ton providing funds for the pur-
chase by the Government of the
Boulevard Apartments. The bonds
are quoted currently at 54 bid and
So asked.
Other bonds on which quotations
have changed but little in the three
months are Barber & Ross Is, bid 80;
Chandler Building 1st IS, bid 55;
City Club first IS, IS bid and AZ
asked: Consolidated Title IS, 100
bid; Hamilton Realty Corp. IS, 81
bid; La Sale South Actuals. so bid
and so asked; Racquet Club SIS. 48
bid and 55 asked, and Washington
Auditorium first SIS, rs bid and 81
asked.
Current Prices of Stocks.
Bank stocks are among the high
est-priced issues on the overtime
counter list Some of these issues
are quoted lower than at the be-
ginning of 1889. The highest-priced
bank stock in the group is National
Metropolitan, with 240 bid and 260
asked.
Anacostia Bank stock carries a
current bid of $50; City Bank, 20
bid and % asked Columbia Ma
tional, 205 bid and 222 asked; East
Washington Savings, IA bid and
16 asked; Hamilton National, 27l2
bid and 30la asked; Munsey Trust
Co., 80 bid, none offered; Second
National, SO bid and 10 asked; Sc
curity Savings g. Commercial. las
bid and 165 asked; Union Trust Co.,
u bid and IS asked
Current quotations on other issues
not listed on the Washington Ex-
change include American Co. pre-
ferred, 40 bid, and common, II bid
Barber & Ross preferred (new), 1a
bid; Consolidated Tile preferred, ~
bid and 81 asked; Fidelity Storage
los bid; Griffith Consumers pre-
ferred, 104 bid; National Capital In
surance, IA bid Raleigh Hotel COM
mon, IA bid and 1872 asked; Wash
ington Convention Hall preferred, 81
bid, and common, Is bid.
Investment Dealers to Meet.
Y. E. Booker chairman of District
Committee No. II, Investment Bank
ers Conference, Inc, has notified
all registered brokers and dealers ir
the District of Columbia, Maryland
Virginia, West Virginia and NORTH
Carolina of a luncheon meeting tt
be held at the Southern Hotel, Bal
timore, next Wednesday, for dis
cussion of the proposed Maloney
Act organization.
B. Howell Griswold jr., chairman
of the Investment Bankers Confer
ence, and officials from the Invest
ment Bankers Association of Amer