Evening star., 1942-04-13
Stocks on Capital
Exchange Disclose
Extra High Yields
Mereentholer and CorpeI
Show Large Returns
At Present Prices
By EDWARD C. STONE.

Some rather startling interest
Yields are revealed in survey OF
present dividends and prices on the
Washington Stock Exchange.
Mergenthaler Linotype heads the
miscellaneous list. Paying 81 year
and selling around 80, this stock
yields better than - per cent. Next
comes Carpet Corp, paying 81 a
year and selling around 20 to yield
10 per cent. Peoples Drug common
yields 8.53 per cent, selling at 1875.
Garfinckel common now yields ~
per cent, Garflnckel preferred 5.35
per cent, Larston 4.44, National
Mortgage 81 Investment preferred
TO, Real Estate Mortgage &,
Guaranty preferred 666, Security
Storage 6.71, Terminal Refrigerating
g. Warehousing Corp. 6, Woodward
& Lothrop common $50 and the
preferred 5.83 per cent.
Stock Yields Is Per Cent.
Columbia Title Insurance, which
very rarely appears on the board,
now yields 1876 per cent. The best
yield on any bank stock traded SO
far this year is on National Bank
Of Washington, 5.76 per cent. Ma
tional Capital yields $40 per cent,
Riggs common 3.53, Riggs preferred
492, American Security 402, Ma
tfonal Savings & Trust 1875 and
Washington Loan g. Trust 1888 per
cent.
Washington Gas Light common
heads the utilities group. Paying
$3.50 q year and selling at 16,. the
stock returns 9.37 per cent. Wash
ington Railway common, paying SAC
q year and selling at $500 a share,
yields 666 per cent to holders.
Capital Transit yields SOS, Nor
folk & Washington Steamboat 4.70
Potomac per cent preferred 5.22
Potomac 5a per cent preferred 4.84,
Gas preferred 4.66, Railway & Elec-
trio preferred 4.48 per cent.
With every bond on the Wash
ington Exchange selling far above
par. the returns on these issues are
Qot nearly as nlgn.
Bank War Loans Guaranteed.
Financial aid for war production
Will be supplied small business firms
uAder regulations just put into ef-
feet by the Federal Reserve Board
Concerns needing loans to fill arms
contracts may apply to their local
banks, which will be guaranteed
against loss by the nearest Fed
eral Reserve bank.
All banks, whether Federal Re-
serve members or non-members
are eligible to join in the proposed
financing. The banks will keep in
close touch with the Reserve banks
and liaison officer from the Wal
Department will be stationed al
each Reserve bank.
1t Is understood that an interest
rate Of per cent has been con-
sidered. Maturities will be subject
to specific authorization by the con-
tracing parties, but at the same
time will be consistent with the
needs of the borrower. No loan
shall be for more than five years
The new regulations are expected
to be Of tremendous help to small
business.
Braddock Stock Sale Urged.
The Braddock Light & Power Co..
Inc, and the Washington Railway
g. Electric Co. have filed an appli-
cation with the Securities and Ex-
change Commission in Philadelphia
for the proposed sale by Braddock
to Railway & Electric of $4,000
shares of capital stock having a
stated value of $40 a share.
The stock will be sold for cash,
the statement says, at a price of
$40 a share and the proceeds used
to pay an Indebtedness due an aff1li-
ate and to pay for anticipated con-
struction expenditures during 1942
and 1943.
SThe petition was filed at the same
time application was made for the
sale by the Potomac Electric Power
CO. to the Washington Railway &
Electric Co. of 10000 shares of COM
unon stock at 500 share, for
cash, to meet war expansion needs
and pay of bank loans.
Thorn Enters Air Service.
tCorcoran Thorn, jr., manager of
the Dupont Branch of the Riggs
National Bank, is another of the
many Washington bankers now
entering Army service. Mr.. Thorn
has received commission in the
aviation service and will take leave
from the bank at once.
He has been witlDRiggs National
for several years, Being connected
with both the main Office and
branches. His father is president of
the American Security & Trust Co.
Insurance Agent Near Top.
David R. Wallace, connected with
the Washington Office of the Berk-
shire Life Insurance Co., stood
fourth in production in March
among all the agents in the United
States, General Agent j. E. Nc
Combs announced today. He won
sixth place in the first three months
Of the year
Business in the Washington office
in the first quarter was 35 per cent
ahead of the like 1941 period, Mr.
McCombs stated.
Baird to Speak Over Radio.
Bruce Baird, president of the Ma
tional Savings & Trust Co., will
speak over Rado Station WRC
Wednesday night at 7:30 in behalf
of the sale of war bonds.
Other members of the District
Bankers Association have made
similar talks recently, w. T. Van
doren, Liberty National Bank, being
chairman Of the speakers unit.
Auchincloss, Parker & Redpath
and Folger, Nolan & Co. are among
146 underwriters who will soon place
on the market the American To-
bacco Co.'S 100000 600 8 per cent
debentures. Other Washington Of
fees also will have the bonds