Evening star., 1941-02-16
DC. Exchange
Prices Make
Good Showing
Stable Trend Contrasts
With Weakness of
New York Market
By EDWARD c. STONE.


Prices on the Washington Stock
Exchange have made an unusually
good showing so far this year in view
Of the weakness on the New York
Exchange and are now around their
best levels in 194l. A larger number
of different issues have also ap-
peared on the board than was the
case in the early 1910 trading.
In the bond division Capital Trac-
ton SIS remain the most active senior
issue, now selling at 1857. WASH
ingtOn Gas Light first 5S are the
highest priced bonds on the list,
commanding 131. The last sale in
Georgetown Gas IS was made at the
very high figure of 124. Washington
Railway & Electric Is moved last at
1885,, while a recent sale III Ana
costa & Potomac River R. R. IS reg
istered ia
Among the public utility stocks.
Capital Transit is selling at 1884,
close to the years high mark. Next
in number of sales comes Washing
ton Gas Light preferred. which sold
yesterday at 106, and Gas common
at 23I2 Potomac per cent preferred
sold a few days ago at ll6 and the
So per cent preferred moved at
1l5ls. The last sale in Railway &
Electric preferred was at 1861 No
194l sale has been recorded in Rail-
way & Electric common which is
quoted at $7l0 a share bid and $500
asked
Garfinckel common recently has
aroused more interest, with sales at
los and l0%4, under the high for
the year. The last sale in Lanston
Monotype was at %, in Mergen-
thaler Linotype at 231, and in Peo-
piles Drug Stores at 23i2. Woodward
& Lothrop common registered re-
cent sale at At.
Rover Addresses Auditors.
Former District Attorney Leo A.
Rover addressed the February meet
ing of the auditors section of the
District Bankers Association. at the
Lee Sheraton Hotel, with Baltimore
auditors. headed by Frank A Bell,
as special guests. Mr.. Rover, who is
chairman of one of the local draft
boards, cited the problems with
which these boards are faced and
told his audience that all should
be willing to make sacrifices for
defense.
Chairman William B. Mehler. jr..
president of the District Bankers
Association was specially repre-
sented by Vice President A. Scott
Offutt.
Association Adds 81 Members.
David Bethune, membership chair
man, introduced 81 new members at
the last meeting of the District of
Columbia Life Underwriters Asso-
citation, when 1t. Comdr. Henry H.
Mosler. U. S. N, who has a most
unusual production record. was the
guest speaker. Joseph Silverman
spoke on industrial Insurance"
More than $50 members attended
the luncheon
President John D. Marsh an
nounced that Earl r. Hough. of the
Lincoln National Life Agency, had
been appointed association secretary
to succeed Vaugn Summers, re-
sicned.
Richard GrisWold announced that
D. Claude Benner. vice president
OF the Continental American Life
Insurance Co., will be the guest
speaker at the Chartered Life
Underwriters annual dinner.
Accountants to Hold Forum.
Washington Chapter, National As
sociation of Cost Accountants. will
hold a forum on Burden Distribu-
ton at the February meeting next
Wednesday evening at $50 at the
Hamilton Hotel
Questions drawn from the prac-
tlCal problems of the members will
be discussed and answered by the
committee consisting of George E.
Davis, auditor of the Fruit Growers
Express; Vincent E. Lee, certified
public accountant; James E. May,
chief accountant Southern Diaries,
Inc; John l.. Mitchell. auditor of
Shannon & LuchS; Richard M.
Nash. auditor of National Publish
ing Co. and DR.. William M. Deviny,
associate professor of economics,
Catholic University, as chairman. He
is former president of the chapter.
New Appointments Announced.
T. D. Carson, president of Wash
lngton Properties, which owns and
operates the Wardman Park and
Carlton Hotels, announced yesterday
that George w. Thomas has been
appointed sales manager of the two
hotels. He has been New York rep
reSentative.
Bernard M. Thaden. who has been
connected with Washington Prop
critics for the past 10 years. has been
appointed assistant manager of the
Carlton, Mr.. Carson also announced.
Heard in Financial District.
Chairman Martin A. Cook has Sc
lected Robert E Buckley, president
of the National Permanent Building
Association, as head of the reception
committee at the annual dinner of
tSee STONE, Page E-3D