Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-12-14
Unlisted Securities
Have Held Up Well
During Last Year
RoiIwoy and Electric
Units Most Active,
Dealers Announce
BY EDWARD C. STONE.

Dealers Announce
BY EDWARD c. STONE.
Washington's unlisted securities.
sold over the counter. have made a
favorable showing during 1912. al
though both bonds and stocks have
displayed irregular price trends, &C
cording to survey completed to-
day. Dealers report the volume OF
sales has been fairly satisfactory.
AS a group bank stocks have sold
of more than other issues.
In the bond division City Club
first IS are carrying a bid of 4715
against so year ago; Consolidated
Title IS at 99la are unchanged, as
are D. c. Paper Mill IS. Mayflower
Hotel SIS, highest-priced bonds in
| the list, are quoted at 1877 bid and
143 asked, same as year ago. Both
National Press Building bond issues
are off slightly.
Racquet Club IS have gained z
points during the year. Washing
ton Auditorium IS, which have been
| strong ever since the Government
leased the Washington Auditorium,
| have held around 84l2, while WASH
ington Properties Is have witnessed
little change in price.
Stock Advances 30 Points.
In the stock list, Barber e. Ross
preferred has made sensational
gain, having moved from % bid to
-
annual report has given the stock
great strength. The common is
also strong. Fidelity Storage has
also advanced during the year,
adding about three points. Hotel
Raleigh has climbed about six points
in 1912 and Munsey Trust stock
has moved up points
Washington Properties common.
with bid Of 5la. has added a cou-
pie of points during the year. a
sharp gain for such a low-priced
issue. At the same time the survey
shows several bank stocks carry
ing lower bid and asked prices than
in December last year. Other stocks
in this list include Washington
Railway &, Electric units, and the
Washington Sanitary issues, al
though the bid for Sanitary Hous-
ing is los.
Railway & Electric units have
been the most active stock issue in
the whole list, dealers say.
District Holds Trade Lead.
The Federal Reserve Board re-
ports that the Fifth District regis
tered 10 per cent gain in depart
ment store sales from January I
through December S, best record
in any of the II districts. The ma
tional average upturn was IL per
cent over last year.
Kansas City and San Francisco
reported II per cent advances. Bos-
ton was up IL per cent over 194l.
New York. 6; Philadelphia. l2 At
lanta, 8; Chicago and St. Louis, 10;
Minneapolis, 4, and Dallas, 9 per
cent.
Fisher To Succeed Albig.
Ernest M. Fisher, researcher in
mortgage and real estate finance
for the American Bankers ASsocia-
ton, will succeed w. Espey Albig
as deputy manager of the ABA Saw
ings Division, it was announced here
today Mr. Albig is retiring after
18 years service
DR.. Fisher will combine his
present duties with his new work.
He is we'll known in Washington
as he was with the Federal Housing
Administration at one time and was
consultant to the Department of
Commerce. He joined the ABA in
1910 and has been associated with
the Washington Office.
Aetna Buys S31, 600, 900 Bonds.
The purchase of s31 900 900 of az
per cent Victory bonds due in 1868
by the Aetna Life Affiliated Cos.
of Hartford was announced by the
Washington Office today In addi-
ton the companies have already
bought more than S1,000000 tax
savings notes.
The flduciaries section of the Dis
trict Bankers Association, meeting
this evening at the MayhoWer Ho-
tel, will hear addresses by Harold
Stonier, executive manager of the
. ABA, and Addison E. Southland, for
, mer American Consulate General
, at Hong Kong.
Henry w. Herzog. controller Of
George Washington University. was
, elected to the Executive Committee
of the Eastern Association of Uni
versity and College Business Of
. f1cers at that organizations recent
meeting in New York.
Insurance Drive Success.
Under the Craftsmanship of Charles
F.. Holden, general manager of the
North American Companies Of
Washington, special committee
has been conducting a campaign for
the sale of war damage insurance,
receiving special commentator from
the War Damage Corp. The drive
was to acquaint the public with the
advantages of war damage insurance
and to explain the basis of cover
age
On the committee with Mr.. HoI-
den, are Albert w. Howard and c. r.
writer's Association of the District
of Columbia; Albert j. Phillips and
Samuel S. Sugar. Insurers Associa-
ton of the District of Columbia;
William Elicit and Ralph w. Lee,
jr., the Insurance Club of Washing
ton, and Guy Mann, of Aetna Casu-
atty. the Company Managers Group.
Through cooperation of the Po-
tomac Electric Co., leaflet, Who
Pays the Loss If My Home Is
Bombed?" was sent to upwards of