Evening star., 1940-11-12
CanitaI Bonds Set Records.

Bonds listed on the Washington
Stock Exchange, which IN recent
sessions have been edging higher
have made an outstanding record
30 far this year. Every issue on the
exchange is now selling we'll above
par. a record rarely attained by all
the issues on any exchange.
Washington Gas Light SIS, selling
at 129. are the highest priced bonds
on the list. Georgetown Gas Light
first SIS stand second, having moved
from 116 to 122 this year and now
yielding 3i2 per cent. Gas SIS yield
only 295 per cent at present levels.
Potomac Electric Power 31.s sold
last at 1925 to yield 3O3 per cent,
while Washington Railway & Elec-
trio As, q 1O7, yield $50 per cent.
Capital Traction 5S, which have
figured in a 1881 900 turnover this
year. have moved from 973a to 104i2
now returning 425 per cent.
Anacostia & Potomac River first
IS have risen from 101 to l06 this
year and now return AIS per cent
on the investment. City & Suburban
IS have also attracted good deal
of attention while moving from a
low of 100 this year to 1o6, for a
40 per cent yield.
Bank Profits Show Increase.
The November Federal Reserve
Bulletin states that member bank
profits in the first six months OF 1910
were somewhat larger than in the
preceding half year period but con-
siderably less than in the first hall
of 1899. The decrease reflected prln-
cipally smaller profits derived from
the sale of securities above cost.
Notwithstanding a further de-
crease in interest and dividends on
securities-a reflection of lower rates
of return-total earnings were in
greater volume during the first half
of 1910 than in that part OF any
wear since the banking holiday eX-
cept 1887. This is attributable pri-
marily to the fact that a somewhat
larger amount is now being earned
on loans. which have increased in
volume and also include larger
amounts of relatively high-yield
types of loans. To a lesser extent
1t reflects larger earnings from other
sources than loans and investments.
particularly service charges on de-
post accounts.
Expenses increased slightly in the
latest half-year but the growth over
the first half of 1889 was not as
large as that in total earnings. Net
current earnings in the first half OF
1910 were larger than in the first
half of most recent years.
The net profits of s162 ,27O 900 in
the first six months of this year
were at an annual rate of SD per
cent on total capital accounts, COM
pared with a similar annual rate Of
10 per cent in the first half of 1899
and 5.4 per cent in the first half OF
1888 the review concludes.
Low Interest Here to Stay.
Lower interest rates and liberal
loan terms are here to stay and
should be studied realistically in the
light of present conditions by in
stitutions which hope to take the
leadership in the homeflnancing
field. DR.. William H. Husband, mem
Der of the Federal Home Loan Bank
Board, declared recently.
These policies exist both by virtue
of Government facilities and pri-
vate competition, DR.. Husband told
the Allegheny County League of
Building Lean Associations in Pitts
burgh. and there is no use regard
ing them as a flash in the pan"
Institutions which follow them
and only institutions which do so
can hope to compete successfully
for home mortgage busineSs-must
balance these policies by paying a
lower return on investments, DR..
Husband said
Safe Deposit Section Meets.
Inspector S. j. Tracy, Bureau of
Investigation, Department of JUS
tice, will address a dinner meet
ing of the safe deposit section of the
District Bankers Association tomor-
row evening at the New Colonial
Hotel. He will also show a film.
You Can't Get Away with It.
Dinner will start at $50, and Miss
Eva Kicker, chairman of the Sec
ton, will preside.
The Pennsylvania Railroads giant
coal-burning passenger locomotive,
No. 6l00, which was viewed by so
many Washingtonians at the
Worlds Fair during two seasons,
will go into regular service at once.
The engine will operate out Of Chi
cago.
On the Washington Stock Ex-
change today Capital Traction 5s
figured in a $1,000 sale at 104A
against the last previous transfer at
1885. Bid and asked prices on
other issues were practically un-
changed.
New York Stock Exchange Offices
In this city were crowded again to-
day for the opening after the two
day holiday. Market followers saw
prices open lower than they closed
Saturday in very active trading