Evening star., 1940-01-05
Washington Exchange
Trading During 1899
Well Above 1888
Demand for Bonds
Offsets Small Drop
In Stock Turnover
By EDWARD C. STONE.

Trading on the Washington Stock
Exchange in 1889, in the bond
division, was far ahead of 1898 and
nearly up to the high mark of 1887
Transactions in bonds offset small
drop in the per share turnover in the
stock division making the entire
market volume well above 1888.
The dollar volume of bond trading
on the exchange in 1889 reached
S432 500 IN comparison with $276,500
for the full year 1888 and a total of
S46l 900 in the year 1887 In stocks
there was turnover of 1914 shares
in 1889, 1889 in 1888, and 81 ,229 in
1897.
The 1899 bond volume was led
by activity in Capital Transit 5s
which registered transactions total
ing $237 500 during the year. This
was we'll toward five times the turn
over in any other issue. The bonds
opened 1889 at "a, dropped to 83 and
scored surprising advance to close
the year at $3.50.
Anacostia & Potomac River first
IS, 1945, made the broadest move.
On a S50OO0 turnover, these bonds
moved from 81 to 97ss. Anacostia e.
Potomac guaranteed SIS opened the
year at ITO and closed at 1929.
City G. Suburban Railroad SIS jumped
from 83 to 977s.
Washington Gas Light SIS were in
large demand, closing the year at
1913, after selling as low as 118 and
as high as. 1303.. Washington Rail-
way & Electric As were also popular,
the turnover being $49,500 and the
closing price 1924.
Gas Preferred Stock Active.
In the stock division, Washington
Gas Light preferred was extra active,
1,542 shares changing hands in
1889 IN a price range from 80 to
1885,, with the final sale at 1854.
Washington Gas common closed the
year at 29s. after 757 shares had
changed ownership.
Capital Transit recorded sales of
5405 shares during 1899, moving
from to 15a4 and closing at 14A.
In the blue chip class, Washington
Railway & Electric preferred wound
up 1899 at lis after turnover of
657 shares.
Potomac Electric preferred shares
were strong and popular. The per
cent preferred sold to the extent of
462 shares, closing at 1l512, while
hn urif1,acco1
637-share turnover, finishing 1899 at
1145s. Norfolk & Washington Steam
boat Co. stock, which returns the
highest yield among the utilities,
closed 1889 at IS after sales of only
18 shares in the whole II months.
Bank stocks gave an excellent &C
count of themselves. Riggs National
Bank common headed the list in ac-
tivity, AL shares moving with the
final sale at 261. Next came Liberty
National with volume of 158 shares
selling between 180 and 165 Ma
tional Savings g. Trust figured in
the sale Of 1873 shares. between 1913
and ITS. National Capital Bank
stock sold at 142.
Riggs preferred closed at 102, Ma
tional Bank of Washington at 1913,
and Prince Georges Bank g. Trust
Co. at 18. There was a turnover of
So shares of Washington Loan &
Trust Co. in 1899, the final price
being 235. American Security &
Trust Co. saw a 41-share turnover,
closing at 242.
Nor~ortl,oIor o<;x,n 1910
Mergenthaler Linotype led the
miscellaneous group. 2,960 shares
changing hands, with final sales at
151a. The high was 2O34 and the
low 1872. Lanston Monotype sold
to the extent of 425 shares, ranging
between 81 and 80. Peoples Drug
Stores common drew more attention
in 1885, on turnover of 1876 shares,
with the final sale at 35. Carpet
Corp. varied only half point, At
shares appearing on the board, with
the final sale at 281a.
Peoples Drug Stores preferred was
redeemed during the year, last sale
at lib. Real Estate Mortgage &
Guaranty preferred stock registered
a 921 share turnover, closing at 534.
Security Storage was quiet with only
80 shares moving in the entire year,
the same being true of Terminal
Refrigerating & Warehousing Corp.
Lincoln Service common figured in
sales of IS shares.
Woodward & Lothrop common
came out at 49, and small sale of
the company's preferred stock took
place at 120, this stock paying
dividend of ST year. Columbia
Title Insurance Co. closed at 13 and
National Union Fire Insurance Co.
at 15a..
There were no sales on the eX-
change during the whole IL months
in Bank of Commerce & Savings
stock, on which the present bid is
$270 a share; in Washington Rail-
way g. Electric common, for which
$740 share is bid, or Lincoln Serv-
ice preferred, present bid As with
81 asked.
Exchange officials are happy over
the improvement in 1899 and are
looking cheerfully to 1910.
Lincoln Service Adds Offices.
The Lincoln Service Corp, in
dustrial bankers, announces that
the corporation, through its sub
salaries operating in Maryland
New York, Pennsylvania, Virginia
and West Virginia, increased its
volume of business 276 per cent
for the year ended December 81,
1899, over the like period of 1888.
The volume in December was
the largest for any single month
In the company's history, showing
an increase of sos per cent over
the month of December, 1888.
The corporation opened new OF
fees during the year in New York
City, Johnstown, Pa; Danville and
Portsmouth, Va. making 16 oper-
atinp units in all