Evening star., 1941-06-10
Real Estate Bonds Climb.

May ---------- 203e13 174,471
Real Estate Bonds Climb.
Mayhower Hotel first IS, 1850, are
among the first seven bonds in the
Amott-Baker review of 200 issues
ln May which gained Az points or
more during the month. The May
flower reached a bid of 104, the gain
being Az points.
Washington Properties Income Is
moved up one point during the
month, now selling around 66l2.
National Press Building first 3-5s,
1850. gained three-fourths of point
during the month, while National
Press Building Ans just about broke
even.
New York real estate issues lost
ground, but Philadelphia and Bos-
ton issues disclosed good gains, the
review shows. Every breakdown Of
the average by cities, type of lien
or type of property shows an in
crease for the first five months OF
this year, the review adds.
Wholesale Trade Again Rises.
Comparisons of the various lines
OF wholesale trade in this territory
continue to show some startling
gains, according to the latest re-
view of the business of 212 firms by
the Richmond Reserve Bank.
Net sales of electrical goods led
all others with a jump of II per
cent In April over the same month
last wear. The demand for shoes
Jumped 81 per cent over last year,
and net sales of industrial supplies
were up AZ per cent, the bank re-
view states.
Wholesale drug business showed
Is per cent improvement, dry goods
moved forward with a Is per cent
pickup, and groceries sales were 6
per cent better than last year. To-
bacco and tobacco products were
IN 70 per cent better demand.
Paper and paper products re-
vealed a II per cent gain. Miscel-
laneous sales of So stores disclosed
o "a per cent pickup.
Housing Program Impressive.
Washington bankers were greatly
impressed by the immensity of the
Governments housing program. as
presented in an address few days
ago by c. r. Palmer, co-ordinator OF
defense housing. Mr.. Palmer stated
that 1924 Government houses have
already been completed and "a ,474
are under construction contract.
Funds have been allocated for
as, 753 houses in $50 projects in 40
States and territories. The Govern
nent has 5000 dormitory units in 18
different areas. At the present time
10000 trailers are also in constant
use.
There are SSH houses under con-
struction or already completed in
the Hampton Roads, Newport News,
Portsmouth and Norfolk areas. The
area is not overbuilt, as the houses
are occupied 100 per cent just as
soon as they are finished.
On account of the two-ocean Navy
plan, Mr.. Palmer believes these
houses will remain there and be
maintained for a long time. In
some other locations demountable
houses will be moved to other areas
after the defense drive has eased up.
s. z. c. Adopts New Rules.
The Securities and Exchange Com
mission has adopted rules which
permit elosed-end management in
vestTnent companies to file copies of
EheR registration statements under
the Investment Company Act of
1910 as q registration statement
under the Securities Act of 1888 or
as an application for registration
Of securities on an exchange under
the Securities Exchange Act of 1884.
The rules provide that registration
statements and applications must
be accompanied by any additional
information and documents re-
ouired by the appropriate form
which are not included in the in
vestment company registration
statement.
There was quite an increase in
the attendance in the brokerage
houses today. Observers expressed
special interest in the action of the
aircraft stocks following the Govern
ment's firm and quick action in the
West Coast strike. Early trading
showed little change from yesterday.
Today's Trading on Exchange.
Potomac Electric Power 512 per
cent preferred stock sold at 114L
and 115 in small lots on the Wash
tngton Stock Exchange today.
Peoples Drug appeared in today's
trading for the first time in some
weeks, 20 shares selling ex-dividend
at %. The last previous sale was
at 241a.
Mergenthaler Linotype also fig
ured in today's trading, 19 shares
selling at 20as, against the last pre-
vious sale at 81. The stock has
recently been bit more active.
Lincoln Service common and pre-
ferred and several other issues are
now being quoted ex-dividend, pay
rnents to be made in few days.