Evening star., 1941-12-29
Trading Is Heaviest
In Ten Years on
D. {. Exchange
Washington Cos Common
Most Active Issue;
Price Changes Small
By EDWARD c. STONE.

ten years, a survey diScloseS. Last
week was the most active week this
year. even with the market closed
for Christmas
Washington Gas Light common
led all other issues in the amount
of trading. On Monday 745 shares
changed hands, on Tuesday 325, on
Wednesday there were nine consecu-
tive 10O-share sales in the stock. On
Friday tn. stock was taken up again
with six 100-share sales and several
others, while Saturday saw turn
over of $50 shares.
Capital Transit was also in lively
demand. about TOO shares being sold
during the week. Mergenthaler reg
istered several l00-share sales.
Among other stocks appearing in
the trading were Gas Preferred, Real
Estate Mortgage e. Investment Pre-
ferred, Security Storage. Garf1nckel
Common. Norfolk & Washington
Steamboat, and Prince Georges
County Bank & Trust Co.
Among the bonds were AnacoStla
e. Potomac R. R. 5s and Capital
Traction IS. Price changes were very
small during the week.
Trading Heavy on Exchange.
Trading was very heavy again to-
dav on the Washington Stock EX-
change. Washington Gas common,
which closed at 141a last week.
moved up to IS today, on turnover
of $40 shares.
Capital Transit was very active
and higher, opening with 100 shares
selling at l434. up a. Fifty shares
moved up to Is. followed by SAFES
of 140 shares at 15ls.
Mergenthaler Linotype opened
with 100 shares changing hands at
2619, same as last weeks close, fol-
lowed by the sale of 20 more shares
at 26ss.
Lanston Monotype also appeared
on the board, with 100 shares selling
at q against the last previous trans
fer at 203s.
Ten shares of American Security
& Trust stock changed ownership
at 205,, up two points.
Riggs National Bank common reg
tstered a 10-share sale at 267, up
seven points from the last sale,
while a single share of Riggs pre-
ferred moved at 10l, against the last
sale at 102.
Bankers Urge Bond Buying.
So1ft ofIJtt SpPnnH vice nreSl-
dent of the District Bankers Asso-
ciation. will speak over WJSV at
6:15 tonight, in the association S
program to help stimulate the sale
of Defense bonds and stamps.
T. Stanley Holland, president, and
John A. Reilly, first vice president,
have already been on the air in the
same program. The talks are being
made over different radio stations
in the Capital, once each week, by
bank officers and directors.
The program is in charge of the
speakers unit of the association
w. T. Vandoren, vice president and
cashier of the Liberty National Bank,
being chairman. The speakers make
very strong plea for the purchase
of both bonds and stamps.
"Tax Selling" Nearing End.
Selling of securities on the New
York Stock Exchange to establish
tax losses said to have been such
an important factor in recent market
declines, ends on Wednesday.
This type of selling has been the
heaviest this year on record. II was
felt on the Washington Stock EX-
change and in the over-the-counter
market. Wall Street reported a good
deal of tax selling among New York
bank stocks, although very few sales
have been recorded in Washington.
The war makes market forecastlng
more difficult than ever. but the end
of tax selling will take a lot of
pressure off stocks, brokers say.
Dividend Records Smashed.
Dividends have made a three
year advance on a broad front. In
1910. more than 300 common stocks
listed on the New York Stock E,X-
change yielded larger return than
In 1899. AS 1941 draws to a close
saws the Stock Exchange magazine
some 300 issues already have sur
passed their 1910 payments.
This will be one of the best year!
for dividend income that stockhold
ers have ever seen. More thar
$40 listed common stocks had de-
clared dividends through December
15-by far the largest number IL
the history of the stock exchange
And the yields on these stocks arr
now at the highest levels in nint
years.
Some representative dividends pc
share received by stockholders owe
the three years, 1899, 1910 and 1874
are: Allied Chemical & Dye, S25
American Smelling and Refining
1925; American Telephone e. Tele
graph, S27; Bethlehem Steel, $3.50
Douglas Aircraft, S13; Sears, Roe
buck & Co., s1275; the Texas Co
$3.50, and Westinghouse Electri
g. Manufacturing, Sl3.25.
Investments on Increase.
Investments by the public in Vir
ginias insured building and loa
associations increased 23l per cen
during the last year, according t
a report made today by Oscar F
Kreutz, general manager of the Fed
eral Savings & Loan Insuranc
Corp.
The report, based on a speci;
study of % insured association
shows that accounts rose from s23
266.2OO to s28.642,60O during tt
period. Assets increased by 173 pt
cent and reserves and undivide
profits by 21.5 per cent, while the
total first mortgages held gained
per cent.
Investments in Marylands ir
sured associations increased BOT p'
cent during the year. The repo
of 35 associations shows that al
counts rose from 1898, 800 to $50
47o,7OO during the period. Asse
increased by 30.3 per cent and rt
serves and undivided profits by "a
per cent, while their total first NOR
cages gained 35.7 per cent.
Sheehy Called Into Navy.
Vincent A. Sheehy, jr., an aSSlstal