Evening star., 1941-03-20
D. {. Exchange Issues
Make Good Showing
In First Quarter
Volume of Trading
Also Larger During
Recent Sessions
By EDWARD c. STONE.


past three months. Recent sessions
have also witnessed Improvement
in volume of trading.
All the public utility bonds are
selling above par Capital Traction
IS have been the most active issues,
recording a $4,000 turnover and
registering 1851 on the last sale
against a high mark for the quarter
of 1857.
Anacostia & Potomac River r. R.
guaranteed 5S now carry bid of
1929 and have sold this year at
ia, while the bic for the other
Anacostia & Potomac SIS stands at
106 with none for sale.
Washington Gas Light 5s, highest
priced bonds on the list, sold re-
Gently at 1288i, not quite as high
as earlier in the year The last sale
in Georgetown Gas SIS was made at
125, the 1941 high. Washington
Railway g. Electric As have been
quiet, only one sale taking place
this wear, at 1895
The latest bid for City & Subur-
ban SIS was 106 and for Potomac
Electric Power 31is, 10712. Outside
the utility list, Terminal Refriger-
ating & Warehousing AIS are now
wanted at 100, with none for sale at
that figure.
Stocks Also Doing Well.
Capital Transit stock has led the
public utilities in activity so far
this year. In Yesterdays market
100 snares sold at 1914. In recent
sessions it has been up to 1612, the
high for the year, the strength be-
ing due to the recently declared
dividend which led stockholders to
believe the stock had been placed
on quarterly basis.
Potomac Electric Power per cent
preferred sold at 1861 yesterday,
equal to the high for l94l, while the
512 per cent issue moved at l151a,
near the years top. Washington Gas
Light preferred has been the most
active high-priced utility stock in
the first quarter, moving recently at
1852. The common is now selling
around 2ll2, against the 194l high
mark of 24l2.
Washington Railway & Electric
preferred has been very quiet so far
this year, the last sale being made
at 11712, the 1941 peak. The first
194l sale in Washington Railway &
Electric common has yet to be re-
corded, $500 per share now being
offered for the stock and S740 asked
These quotations are lower than
early 194l figures.
Bank Stocks Neglected.
Bank stocks have been consid-
The most popular issue has been
American Security & Trust stock
which sold at 23112. Riggs National
common appeared on the board yes
terday for the first time this year,
a single selling at 275. Washington
Loan & Trust has sold in 1941 at
238.
Among other stocks, National
Mortgage & Investment preferred
has turned active around, AS. Gar
fnckel common sold recently at 1034.
Lanston Monotype at 225s, Lincoln
Service common at 1512, Mergen-
thaler Linotype at 207s and Peoples
Drug Stores common at 2312. The
last sale in Security Storage was at
81 and in Woodward & Lothrop
common at At. Other issues have
been unchanged for weeks.
Metropolitan Votes Dividend.
Directors of the National Metro
politan Bank yesterday voted the
usual semi-annual dividend of per
cent per share on the outstanding
stock, payable April Is to stock
holders Of record April 4, President
c. F. Jacobsen announced today.
Books will be closed April to IA,
inclusive.
The average life insurance policy
in force in Washington at the end
of 1910 amounted to S2,583, higher
average than for any State and
above the national average of $2,117,
the Life Insurance Research Bureau
at Hartford reports.
The average new policy written in
the District of Columbia in 1910
amounted to s2,324 against $2,4O4
in 1899, the survey says. The aver
age new policy for the Nation was
S1,808 in 1910.
Real Estate Loans Climb.
r. Wilson Camp, secretary of
the District of Columbia Building
and Loan League, reported today
that aggregate real estate loans in
February gained S930,508 over the
January total, now standing at S149,-
623,698, a gain of S15544,358 over
the same date year ago Combined
resources showed an II per cent
gain, a total of $3.50 958 .223 showing
an increase of S16061, 500 over the
figure at the end of February last
year. Resources were ST ,813,696 over
January, Mr.. Camp said.
During February the member as
sociations reported a combined total
of S2,266,370 in new shares, a sharper
increase than usual. Mr. Camp
stated that the associations ad-
vanced S3.191 291 in mortgages in
February, of which nearly $4,000 600
: was for construction and new homes
not previously financed. This total
in February, 1940 was S2,732 ,133
Mr.. Camp also reported larger
number of new accounts than IN
any other recent months.
Aid to Treasury Pledged.
Emmet F. Connely, president OF
the Investment Bankers Associa-
ton, has pledged to Secretary Nor
genthau the aid of the association
membership in the sale of national
defense stamps and certificates tc
the public, it was announced here
today. 1t is understood that public
offering of these Government OBJ
legations to help finance the defense
program will start about May l.
Members of the association have
approximately 1,400 offices in 20(
cities, a host of members already
having expressed keen interest ir
rendering service now voted by the
Board of Governors.
Financial District Comment.