Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Mergenthaler Goes Higher.


Mergenthaler Goes Higher.
Mergenthaler Linotype stock
reached another new high mark
today for about two years when
40 shares sold at 2614 on the Wash
ington Stock Exchange. The last
previous sale was at 2434.
Riggs National Bank common
stock figured in several small sales
totaling Is shares, all at 276, up
full points.
Potomac Electric Power per cent
preferred came out on 20-share
sale at III, up IL points over recent
sales.
Washington Railway & Electric
preferred changed hands at ll6, a
new high on the present move and
q gain of l15 points.
Washington Gas Light common
stock registered a 25-share sale at
rs, unchanged. Bonds were neglected
in the bull market session.
Real Estate Bonds Climb.
Washington real estate bonds
have scored substantial improve
ment since the national election,
it was reported in investment
houses in the financial district to-
day. With the campaign ended, it
is believed the population OF the
Capital will continue to expand,
which means that hotels and apart
ment houses are expecting to be
well filed and do a fine business
for long period. That is the chief
reason for the present definite ad-
vances in real estate securities, bond
dealers say.
Washington Properties, Inc, Is
have been one Of the leading issues
in recent over-the-counter markets.
From 5414 they have moved to 59l4
a gain of five full points. The lat
est quotations stand at So bid and
So asked. A month ago they were
quoted at 5214 bid and ST.. asked.
The present advance is considered
particularly interesting in view of
the recent reports Of plans Tor a
Statler Hotel in the Capital.
The bid for National Press Build
ing first 3-5s has moved from II to
70 since election. Mayflower Hotel
first IS have advanced to 81 bid and
102 asked, close to the highest
prices in the past two years. May
flower common stock has also dis
played strength. National Press
Building AIS have also reflected
higher quotations recently.
While the greater part Of recent
sales have been noted in these is
sues, price stability has prevailed
in other issues sold over the counter.
Washington Railway e. Electric
units have been particularly active
and are coming into the hands of
Westinghouse at a very rapid
rate. Investors in other parts of
the country who have received these
units as Washington Railway G.
Electric dividends have been dis
posing of them, many such units
being among those picked up in the
Capital.
Bonds Strong Elsewhere.
The Amott-Baker Bond Price Az
erages show that real estate bonds
in leading Eastern cities, including
Washington, were strong in October
For the fourth successive month
these bonds increased the average
price of 200 bond issues was $500
per $1,000 amount
The Amott-Baker review notes
that MayfloWer Hotel SIS, National
Press 3-5s and Washington Proper
ties Is gained 2 full points during
October. The other National Press
issue gained half a point in the
same four weeks
Hotel bonds made the best show
Ing In October, the review adds,
with apartment hotel bonds coming
next. Only Office building issues
declined. The largest gain. in the
miscellaneous group was registered
by the Dallas Park Apartments in
Miami, which scared 10 points.
Women Ahead in Payments.
Borrowers under 40 years old have
considerably poorer repayment rec
ords than those over 40. Women
are much better credit risks than
men. Borrowers become progress
sively much better risks as the
duration of their residence in one
city and of their employment in
one position grows longer. Outside
statesmen have a record much worse
than all other occupational groups
and wage earners other than skilled
labor have a record appreciably
worse than the average.
These facts are brought out by
Raymond j. Saulnier, Columbia
University professor, who has just
completed a study of small loans
for the Rockefeller Foundation and
the Association of Reserve City
Bankers.
Four Dividends Declared.
Directors of the Lincoln Service
Corp. today declared the regular
quarterly dividend Q1A per cent? anc
an extra participating dividend of
per cent on the per cent cumulative
participating preferred stock.
The directors also declared the
regular quarterly dividend of IL
per cent on the per cent cumulative
prior preferred stock and the regu-
lar quarterly dividend of Is cents pei
share on the common stock of the
corporation. All dividends are pay
able December II to stockholders OF
record as of November 80.