Evening star., 1941-11-02
Real Estate Bonds Higher

Real Estate Bonds Higher.
For the 18th consecutive month
the Amott-Baker bond price aver
age, based on the market action of
200 real estate issues, including sew
eral Washington bonds, advanced
during October, it was announced
yesterday. The gain was per cent.
from S313 to 1915 per $1,000. This
makes gain of 1872 per cent so far
this year.
Hotel issues made the best ad-
vance of the month, the review says.
gaining IL per cent Theater issues
came second and apartment hotel
issues third. Hotel bonds also showed
the best advance for the year, 1853
per cent, with apartment houses
second, 146 per cent. Office build
1ngs increased IA per cent
MayfoWer Hotel. National Press
Building and Washington Properties
issues are among those on which
the average are based.
Investment Offices Merged.
In merger put into effect yester-
day, the Washington office of Bar
rett Herrick & Co. and McKnew &
Co. consolidated their personel and
will conduct a general investment
securities business under the name
of Barrett Herrick & Co., Inc, in
the McKnew Offices in the National
Savings & Trust Building, this firm
having been in business since 1925.
Barrett Herrick has had Offices here
for several years,
Donlad T. McKnew has been
elected a vice president of Barrett
Herrick. John T. Dunbar, another
vice president, will be in charge OF
the Washington Office. The person.
mel will be Identical with the two
former Offices, it was said yesterday.
Barrett Herrick & Co. has Its
main office in New York City, with
branches in seven other cities, in
cluding one in the Capital.
Brokers Distribute Tax Kit.
Merrill Lynch, Pierce, Fenner &
Beane are distributing to Washing
ton patrons an investors tax XIII
which contains a resume OF the
1s41 tax law. suggestions en- how to
adjust investment portfolios to the
law. a work sheet for the taxpayer
and a forecast of next years taxes.
The kit also includes booklet on
selling rules to consider In connec-
ton with income taxes, 1ndlVldual
tax tables. gift tax tables and Fed
eral estate tax table. as we'll as def
nitions of various tax terms N con-
slant use.
Prices remained firm on the WASH
ineton Stock Exchange yesterday.
Capital Transit again appeared on
the board, Is shares selling at 1872,
UNCHANGED from several other sales
during the week. Potomac Electric
Power sig per cent preferred stock
came out at 1l4l4, around recent
levels.
Trading during the week saw Mer-
genthaler Linotype reach a new
194l peak when it sold at 28. Ana
costa e. Potomac River R. r. modl-
fed 81. per cent bonds also reached
a new high for the year.
Financial District Comment.
Insurance building and loan aSso-
Citations in Virginia made 452 home
loans during September for total
of s1.457,O77, it was announced yes
terday.
George F.. Malone. superintendent
of car service of the Baltimore q
Ohio R. R. since 1910, retired yester-
dav after 81 years service with the
road, benig succeeded by Jonn
Hughs, jr.
Retail trade in the Richmond re-
serve district from January to Oc-
tober 25 was 20 per cent ahead OF
last wear. Only the St. Louis area
did better. with a gain of 81 per cent
The AL local chapters OF the
American Institute of Banking are
planning a Nationwide campaign
to assist the Treasury in the sale OF
Defense bonds and stamps, 1t was
announced here yesterday. Specla
bond forums will be one OF the tea
tllreS,