Evening star., 1942-04-29
Unlisted Securities
In Capital Make
Good Showing
Changes Mostly Down,
But No Big Losses
Are Recorded
BY EDWARD c. STONE.

BY EDWARD c. STONE.
Washington's unlisted securities
which are sold over the counter
have made an excellent showing il
the first four months of the yeal
While many issues are not quotes
as high as they were at the begin
ming of the year, there have beel
no serious slumps. the small change
being in line with lower quotation
on issues all over the country.
The highest priced bonds in tn
list are Mayflower Hotel IS, will
stock, now quoted at 1873 bid and IA.
asked. The bid for Mayf1ower Hote
IS, without the stock, stands at go
with 10115 asked. Washington Au
ditorium IS are quoted at 851a, Ma
tional Press Building 3-5s are want
ed at SO, with 90 asked. while Ma
tional Press AIS are carrying bic
of $685., offered at 421a.
The latest bid for Washington
Properties Is stands at 78, with 8.
asked. City Club IS are quoted al
Al bid, Consolidated Title IS at 10(
bid and Racquet Club IS at 521a bid
Bids on bank stocks are not quite
as high as they were some weeks
ago. Anacostia Bank stands at 16(
bid, City Bank, 24s. bid; East Wash
ington Savings. IS bid Columbia
National. 1877 bid; Hamilton Ma
tional, 29s4 bid and 33 asked; Mum
sey Trust. 871a bid.
National Metropolitan, 253 bid ano
270 asked; Second National, 10 bic
and n asked Security Savings &,
Commercial, l64 bid and 185 asked
Suburban National, 1412 bid; Union
Trust, 701z bid and 76 asked.
Convention Call Issued.
The first call for the 1912 conven-
ton of the District Bankers Associ-
alton was issued today by Bruce
Baird. general convention chairman
The convention will be held at the
Columbia Country Club, May 1927
with business sessions commencing
at 1915 each morning.
The Program Committee is arrang
Ing addresses by outstanding speak
ers. The usual golf tournament and
social events have been planned. Fol
the ladies there will be a reception
luncheon and bridge, May q, ano
the family dinner will be held at the
Mayf1ower Hotel, May 81.
Mr.. Baird urges all planning to
attend to send their reservations to
John Saul, chairman of the Trans
portation Committee, by May 10 al
the latest.
League Committees Named.
Wilfred H. Blanz, president of the
District Building and Loan League
has appointed the following loar
leaders as committee chairmen fol
the forthcoming outing:
Golf. c. Gay Herrell, president
Columbia Federal; entertainment
Martin Cook, secretary, Enterpris.
Building; prizes, Chaplin B. Bauman
president Oriental Building; swim
ing, E. j. Carlson, secretary, Pru.
Dental Building; dinner, John G
Kolb, treasurer, Oriental.
Members of the league, meetini
Tuesday at the Raleigh, were in
formed the annual outing will tax
place at the Washington Golf ane
Country Club. June 2.
New Wardman Official Named.
George D. Johnson, manager o
Wardman Park Hotel, announced
today the appointment of Bernart
j. Nolan, room clerk, to the position
of assistant manager, effective i'm
mediately.
Mr.. Nolan is assuming the pos
left vacant by G. Walter Fender
Who recently received his commits
sion as lieutenant, Junior grade, il
the United States Navy. and is nov
at the Naval Training Station a
Quonset Point, r. I.
Mr.. Nolan has been affiliated fo
over four years in various capacitie
with Washington Properties, Inc
the company owning and operating
Wardman Park Hotel and othe
properties here. He came to Wash
ington from New York city, wher'
he acquired his hotel training at tn
Taft and McAlpin hotels.
New Exchange Rules Hinted.
Washington partners in New Yorl
Stock Exchange firms are deeply in
terested in the proposals to liberaliz
the rules for the purpose of increas
ing memberships and the volume o
business. The proposals before tn
Board of Governors would allow
member firm to own more than on
seat, although only one would b
active.
An incorporated firm would b
allowed to hold a membership, a
present all memberships belongin
to unincorporated concerns. TIL
matter has been presented only in
formally, but President Emil Schrar
has been thinking along these line
and is anxious to take some actio
that will increase business.
It is believed that some firm
would be glad to buy additions
memberships for $1,000, the preser
price. and hold them until marke
Such innovations, however, woul
not be easy, as they would requil
changes in the exchange constitu
ton and also approval of the Secur
ties and Exchange Commission.
Reserve City Bankers Return.
Members of the Association I
Reserve City Bankers were back
the financial district from Hershe
Pa. today, loud in their praises I
the two-day session. The progra
was devoted to many phases OF WI
finance and a study Of contrac
awarded by the Army and Nav
These matters were discussed
experts.
There were nearly $50 banke
present, those from Washington il
Guiding Robert " Fleming, Hillea
G. Hoskinson, Joshua Evans, j
Frederick P. H. Siddons, Sidney
Taliaferro and Wilmer J. Waller.
Today's Trading on Exchange.