Evening star., 1940-05-08
Striking Price Moves
Noted During Year
0nD. c. Exchange
Bonds and Stocks Score
More Coins Than Losses,
Survey DiscIoses
BY EDWARD C STONE.

ou1tCy VI VliC GWO pCllUuS, Willie Ill n
few instances quotations are practi-
cally unchanged. A majority of the
quotations are higher than a year
ago.
In the bond division, Anacostia
e. Potomac River R. R. first SIS were
selling a year ago al 88 and now
are 103. Capital Traction IS, at this
time last year sold at 90, while they
are now 10134, and have been higher
this year.
City & Suburban SIS furnish
another interesting contrast. At this
time in 1899 these bonds were selling
at 86. The last sale on the exchange
was made at 1895. Among the more
popular issues on the exchange are
Washington Gas Light SIS. At 125 a
year ago, they are now at 1913, high
est priced bond on the list. Wash
ington Railway g. Electric 4s, at l0S
q year ago, are now al l0934.
Bank Stocks Hold Strength.
Washington bank stocks have held
up well during the last IL months
the survey reveals. National Capital
Bank stock sold at LAP at this time
year ago. While no sales have been
registered so far in 1940 the bid for
the stock stands at $50 with ITS
asked.
Liberty National Bank shares sold
at ITS last year and recently sold
at ITO. Riggs National common has
moved from 270 year ago to 278
Riggs preferred moved at 1927 in
May, 1889 The latest bid is 1011a
National Bank of Washington stock
was selling at 1913 at this time last
year, while the latest bid is 12l.
American Security & Trust Co.
stood at 257 year ago. The stock
is now selling around $50, with 245
bid and 260 asked National Savings
& Trust. which registered 1873 year
ago, sold the other day at 200. Wash
ington Loan & Trust Co. stock has
moved from 235 to a present price of
24712. The present bid is below that
price, but none is offered for sale at
this time
Miscellaneous Shares Uneven.
In the miscellaneous division,
prices have been more unsettled
during the past year Lanston Mono
type was selling at 81 in May, 1899.
1t sold this week at 271a. Mergen-
thaler Linotype sold at 10 a year
ago. It has recently sold at 1873 h,
following better earnings state
ment. Both type stocks have been
hit hard by the war as they have
large foreign subsidiaries.
Security Storage stock was selling
around lit at this time last year.
The stock recently registered a five
share sale at 96. to yield $40 per
cent. Woodward & Lothrop pre-
ferred stood at 120 last year. The
stock is so closely held that there
have been no sales in 1910, the latest
bid being 118. Woodward & Lothrop
common sold recently at 491a.
The new Peoples Drug Stores COM
mon stock has yet to register the first
sale on the Washington Exchange.
1t is now quoted at 81 u bid and none
offered. To obtain wider distribution,
the company recently split the stock,
giving two shares of the new for one
Of the old
Utility Issues Steady.
Washington Gas Light common
stock was selling at 271z at this time
last year, same as the present price.
Washington Gas preferred moved at
l05 a year ago. The most recent
transfers were recorded at LOT and
1O6.
Potomac Electric Power 5h per
cent preferred moved at 113 a year
ago, compared with recent sales at
1141a. The 6 per cent issue, then
lis, is now 116. Washington Railway
& Electric preferred has moved from
1921 to III
Capital Transit stock is stronger
now than a year ago, when it was
selling at 1412 after dropping as low
as 7. The low for this year is 1884.
Latest bids for the stock have been
14s4 with 151s asked. Earnings have
recently improved much more than
the quotations. Brokers say this
situation is due to dividend uncer-
tainties.
Security Dealers Meet Here.
District Committee No. II of the
National Association of Securities
Dealers held an important meeting
IN Washington yesterday, members
being present from the District OF
Columbia, Maryland, Virginia and
North Carolina. Various matters
having bearing on the present in
vestment situation were given at
tention.
James Parker Nolan of Folger
Nolan g. Co. is chairman of the
committee. Others at the meeting
included Y. E. Booker of Y. E
Booker & Co., Edward K. Dunn
and Herbert w. Schaefer, both OF
Baltimore; William Frazier, Rich
mond, and Oscar w. Burnett OF
Greensboro, N. C.
Auditors Section to Meet.
Frank Kenworthy, general auditor
OF the Chesapeake g. Potomac Tele-
phone Co., will address the audi
CO4o bCIt1O1A VI t1AC OlSUl lCU 0dllkEIS
Association at the May meeting to-
morrow night at the Lee House
His subject will be "A Controllers
Duties Toward Personnel" H. Nor.
man Glasco, section chairman, will
preside, and special guests will in.
clude Williamm B. Tubbs, genera
accountant of the telephone COM
pany.
John w. Hanes, former Under.
secretary of the Treasury, has beer
elected director of the Bankers
Trust Co., New York. He was 6
member of the same board from
April 2, 1929, to December 20, 1888
Financial District Gossip.
Hjalmar j. Procope, Minister tt
the United States from Finland
will address the Bond Club of New
York at its next luncheon meeting
to be held at the Bankers Clut
on May II. His subject will b<
"Finland's Economic Future"