Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-01-05
Capital Securities
Sold Over Counter
Score 1941. Gains
Reel Estote Bonds
Keep Up Advances,
Survey DiscIoses
By EDWARD c. STONE.

Cnanee, nunR up a particularly SOOt
record during 1941, survey reveals
Several bond issues continued ar
uptrend which has prevailed for the
past four years.
MayfloWer Hotel Corp. IS, with
stock, closed 1871 around 1912 bid
a gain of about 35 points during
the year. In January, 1888, these
bonds were selling at 70. The fact
that the bonds have stock attached
has made an appeal to buyers, but
the main reason for the long ao-
vance has been the earnings OF the
corporation and the interest paid.
Washington Properties rs, 1852
closed 1941 at "a Four years ago
the bonds sold at AZ, in 1889 had
moved to 50 and at the end of 1910
stood SO. Their forward march has
been due to the large amount of in
terest paid, as we'll as reduction in
the bonds outstanding. They are
said to have been particularly active
during the past year.
Washington Auditorium IS have
made a very interesting record. In
four years they have climbed from
IS to SO and "a, moving up more
than 10 months in 1910. Permanent
income from Government rentals
has been most helpful to this issue.
Other Gains Disclosed.
National Press Building issues has
eiso drawn a lot of attention. The
ffrsts reached 90 during the year.
Four years ago they sold at "a. Ma
tional Press Adjustments, for which
81 is now bid and Al asked, have
doubled in value in four years.
These bonds have been helped great
" by 100 per cent rental OF the
Press Building and a steady reduc-
ton in the outstanding bonds since
1885.
Few stocks have done as we'll as
some of the real estate bonds. Yet
they ended the year 194l, in most
instances, at higher levels than in
the opening months. Bank stocks
have done well as group.
No records are availa BILE on the
total turnover in unlisted securities.
Dealers. however, in different IN
vestment Offices said today that
business in l941 was we'll ahead OF
1910.
Several Washington real estate
bonds are included in a list of 200
issues on which the Amott Baker
price averages are based. These
averages have been rising cycle
for 18 months. The head OF the
firm predicted the other day that
prices will continue to rise IN 1942.
Home Financing Compared.
Home financing in non-farm
areas in the District of Columbia
during November by all types OF
lenders amounted to s5404,000, with
q total of LAP mortgages on homes
being recorded, Federal Home Loan
Bank Board economists announced
today. These figures compared with
1924 home mortgages amounting 10
se.5l3.o 900 in November 1910.
Home financing in non-farm
areas in Maryland during Novem-
Der by I'll types of lenders amounted
to 1928 900. with total OF 2,41l
MORTGAGES on homes being recorded,
compared with 2,171 home mort
cages amounting to S. ,692, 900 in No
Vember, 1890.
Home financing in non-tarm
areas in Virginia during November
by all types Of lenders amounted
to S5,493 900, with total Of 2,2o6
mortgages on homes being recorded.
compared with 2753 home mortgages
amounting to s6,396,O0O in Novem-
Der, 1910.
Lassiter Reserve Chairman.
Robert Lassiter has been re-
chairman and agent of
the Federal Reserve Bank Of Rich
mond. it was announced today. He
Is chairman of the board of Moores-
Vile Cotton Mills, Mooresville. N. C.
w. G.. Hysor, general manager
Southern States Cooperative, Inc,
of Richmond. has been redesignated
deputy chairman for 1912. and
Charles P. Mccormick, president
Mccormick & Co.. Baltimore, has
reen reappointed a director for a
term.
w. Frank Thomas, construction
engineer and real estate manager,
Westminster, Md. has been re-
a director of the Baltl-
more branch for a three-year term.
Bond Sales Up 3l5 Per Cent.
A check made by the Federal
Home Loan Banks indicates a 345
per cent increase in the sales Of
Defense bonds by savings and loan
for the week following
the attack on Pearl Harbor. de-
duplicated by other out
lets for the bonds. The increase was
greatest in the Pacific Coast area.
The Federal Reserve Board an
nounces that retail trade in the
5.h Reserve district. which in
cludes Washington, through Deem
Der q from January l was 20 per
cent better than a year ago. This
figure covers practically the full
year and was equalled only by the
S.. Louis Reserve district. The
United States gain was Is per cent.
Boston trade was up Is per cent,
New York II, Philadelphia II,
Cleveland 10. Atlanta 10, Chicago
Is. Minneapolis II, Kansas City Is,
Dallas Is, and San Francisco II per
cent.
Washington Gas Common Higher.
washington Gas Light common
stock sold at II on the Washington
Stock Exchange today, gain OF two
full points since last week. Ten
shares changed hands.
American Security & Trust Co.
stock is now quoted eX dividend, in
2 addition to American Telephone and
Security Storage.
APPOINTMENT of John B, De Wolf
as district sales manager in Wash
ington was announced today by the
Jones g. Lauehlin Steel Corp. in
Pittsburgh. Since January 1910,
he has been district sales manager
in New York and two years prior
to that had been manager at Phila-
delphia. Mr. De Wolf has been in
the steel business since 1918.
Theodore w. Cook, Washington
general agent for the National Life