Evening star., 1940-01-02

september - S9,Z44 Us 6S ,ZUo Qua
October 1O8.232 ,399 99.665 48e
November - 1OO,838, ,795 101236 ,04a
December lis 5,388,360 108,11l 1926
New Exchange Member Listed.
Robert Lee OBrien, connected
with Folger, Nolan & Co., was
elected a member of the Washing
ton Stock Exchange today at the
opening session of the new year
He has been active in the financial
district for several years and is the
first new member added to the ros-
ter in many months.
The first 1910 trading opened with
rush. First sales were in Capital
Traction IS, at 9812. Washington
Railway & Electric As were also
strong at 108.
Washington Gas Light preferred
moved at 106 and rs shares of Mer-
genthaler Linotype changed hands
at 1872.
Capital Transit opened at 14s4
and moved up to 147s on turnover
of 110 shares.
Real Estate Prices Rising.
Definite upward trends in real
estate prices and rentals through
out the country are indicated in the
results of national survey of bank
ing opinion on real estate prices and
rentals published in the current issue
of Banking. official publication of
the American Bankers Association
This conclusion is based on 2,068 re-
plies to questionnaires sent to
bankers in all 48 States.
Reasons upon which the bankers
based their predictions varied from
a shortage of good, moderate priced
homes in New York to better agri-
cultural conditions in Montana, in
creased copper production in Ne
vada and Arizona, and expectations
of greatly increased tourist busi-
ness in Florida.
California bankers held that real
estate prices and rentals will be
static in their area in the near
future because of recent additions to
housing facilities in that State.
Hildt Leaves Alexander Brown.
Thomas Hildt has withdrawn as
a partner of the investment banking
firm of Alexander Brown g. Sons,
it was announced today. He joined
the firm as a general partner in 1928
after retiring as president of the
Merchants National Bank of Balti-
more.
Mr.. Hildt served as the partner in
charge of the banking business, but
commercial banking activities were
dropped under Federal law.
B. Howell Griswold, jr., senior
partner, said "Mr. Hildt has beer
a most efficient partner. 1t is only
natural that he should wish to
return to the field of banking"
Brokers Cheerful on 1910.
Although the pace of industrial
activity will continue to f1uctuate
widely in 1910, the outlook for the
coming year may be viewed with
out anxiety, in the opinion of Fen
ner e. Beane, New York Stock Ex-
change firm.
The increasing Importance of do
mestic political developments in
business affairs. as we'll as war un-
certainties, has induced extreme
caution in business operations and
a pronounced sensitivity to news in
these two fields. With a presiden-
tial election in the offing at home
and with major war in progress in
Europe, the short-term character OF
business planning of recent years
may even be intensified during the
coming year.
1t appears likely however, that
the trends which characterized the
major industrial groups in 1889 will
persist during the new year, with
rare exceptions, according to a
forecast distributed here.
Steamboat Dividend Declared.
Directors of the Norfolk & Wash
ington Steamboat Co. have declared
the regular semi annual dividend OF
50 per share, payable January Is, ii
was announced today. The stock is
closely held by many Washing
tonians, very little having been sold
during the past year. Listed on the
Washington Exchange, the low for
the year was go and the high mark
IS, the yield at this price being Gle
per cent. The president of the steam
boat line is Clarence F. Norment, jr
The midyear educational dinner
meeting of Washington Chapter
American Institute of Banking, will
take place at the Raleigh Hotel or
Tuesday, January 16, when j
Stanley Brown, personnel director
of the Chemical Bank & Trust Co.
New York, will be the guest speaker
Edward M. Blaiklock, Washington
Loan e. Trust Co., is chairman ol
the Educational Committee, anc
complete plans for the seconc
semester will be outlined.