Evening star., 1941-09-11
Real Estate Bonds Climb.


Washington real estate bonds are
now selling at their highest prices
of the year and are enjoying a
steady and active demand, it was
reported in the financial district to-
day. This is true OF the bonds sold
over the counter and the few stock
issues listed on the Washington
Stock Exchange.
In the over-the-counter list, Ma
tional Press Building first 3-5s have
recently drawn special attention.
They have climbed steadily upward
until they have crossed the 90 mark.
the latest bid standing at 891z. Ma
tional Press Building adjustment
AVS have also been moving upward,
the latest bid being 31h with 35
asked The National Press Building
is the largest privately occupied
building in the District and has ex-
perienced a long period of prac-
tically 100 per cent occupancy.
Mayfower Hotel Corp. IS, 1850,
with stock, are now quoted at a
new high of 1851, offered at 1872.
These bonds have recently made a
brilliant showing as a result of par
ticularly favorable earnings reports
which improved the outlook for the
stock. Mayf1ower Hotel IS, without
the stock attached, are also strong,
being currently quoted at 951a bid
and 1907 asked.
The suggestion that the new
statler Hotel might cut into earn
.ings of other washington hotels has
had no effect on these securities as
vet. Prices have faced the threat
with advances. Washington Prop
critics general income rs, in which
there is always a good deal of in
terest, have moved up to 69A bid
and 70 asked. Washington Audi
torium Corp. IS are now quoted at
s212 asked, with none offered for
sale, today's survey discloses.
Bankers Should Seek Loans.
Emphasizing the need for leader
ship and vision in the job of placing
the agricultural industry on a sound
operating basis, Charles T. ONein,
chairman of the Agricultural Com
mittee of the Virginia Bankers
Association and vice president of the
National Bank & Trust Co. of
Charlottesville, called on the $50
bankers attending the fourth Vir-
ginia Bankers Conference at the
University of Virginia to assume the
responsibility of financing the pro-
gram and development of the agri-
cultural field
"If the banker is 10 serve agricul-
ture," said Mr.. O'Neill, "he must be
prepared to go into the agricultural
field and help the farmer plan his
entire program of operations.
Financial District Comment.
Charles F. Suter, assistant general
agent of the Washington Office of
the Berkshire Life Insurance Co..
reports that up to the end of August
business here was just 100 per cent
ahead of last year on the same date
He says the increase is due largely
to the production of General Agent
j. E. McCombS, who has led the
entire company for the year. and is
now on vacation at Miami Beach.
The First National Bank of New
York has voted the regular quarterly
dividend of S25 per share, payable
October l to stockholders of record
September Is.
Capital Traction IS sold at 1851
in a $1,000 transfer on the Wash
ington Stock Exchange today
Washington Gas Light common
stock registered a 25-share sale al
81.
David Bornet, vice president oi
the National Savings & Trust Co.
back In the financial district today
reported an intensely interesting
convention of the Financial Adver'
tisers Association in Cleveland. HI
was much impressed by the greai
industrial boom now taking place ir
Cleveland,