Evening star., 1942-01-29
New High Records
Reached by Issues
On D. {. Exchange
. Bond and Stock Prices
Exceed Quotations
At End of 194l
By EDWARD C. STONE.

BY EDWARD C. STONE.
Six issues listed on the Washing
ton Stock Exchange already hav
sold higher in 1912 than at the en-
of 194l, some even being at tn
highest prices in several years,
survey discloses.
In the bond division, Capital Trac
ton IS, which have just sold at l0s
closed 1941 at 103. However, thes
bonds, which are the most active o.
the list, show comparatively smal
fluctuations, very few being of1ere'
for sale at any price. >,
Turning to stocks, Capital TranSi,
in reaching %, has advanced t
the highest marx in years. tn
l941 high was II and the low 15A
and in 1910 the best price was l7h
and the lowest II. The recent ad
vance is due to the annual repor
which revealed earnings OF $5.4
on the common stock in l94l
against $3.50 per share IN l940
Washington Gas common also ha
gained about three full points 81
far this year.
Mergenthaler Linotype, now at tn
highest point in years, 34A. close
1941 at 261a. This stock also ha
revealed strength because of al
unusual earnings report. Two othe
stocks on the list, Terminal Re
frigerating & Warehousing Corr
and Lanston Monotype Co., are nov
fractionally higher than at the clos
Of 1941.
Washington Railway g. Electric
common stock, which has jus
brought $500 for a single share
cannot be compared with last yea.
as there were no sales on the boart
in 1e41. In 1910 the stock sold a
$500 a share. 1t is the highes
priced stock on the exchange, a
well as the most tightly held, witt
the possible exception of Bank O.
Commerce & Savings. Last year i
paid $40 regular dividend ane
SIS extra.
New Highs Feature Exchange.
Mergenthaler Linotype jumped tt
34A on the washington Stock Ex'
change today on a 100-share turn
over, against the last previous salt
at 317s.
Capital Transit reached % for the
first time in several years, 100 shares
changing hands at the new price
The market opened at 215s.
Garfnckel preferred appeared or
the board for the first time this
year, 80 shares selling at %. II
closed 1941 at 271a.
Terminal Refrigerating & Ware
housing Corp. recorded a 5O-share
turnover at 81, unchanged.
National Savings & Trust stock
made its first 1912 appearance, IL
shares selling 205, up point.
Credit Union Elects Officers.
The Washington Gas Light Credit
Union has elected these officers
Claude B. Johnson, president; Rob-
ert H. Lewis, vice president; E. Da-
vid Upton, treasurer; William F
Allen, assistant treasurer.
R. w. Reamy, retiring treasurer
was elected a member of the boarc
of directors for a two-year term
Mr.. Reamy reported that 1941 wa!
the most successful year the unior
ever enjoyed A dividend of pc
cent was declared.
The union has applied to tn,
Federal Reserve Bank of Richmone
for the right to be an issuing agen'
for Defense bonds and Defense
stamps, which will be offered tt
members and the general public
The union has invested in a $50t
bond for its own account.
Defense Bond Sales Heavy.
In his recent annual report Harry
G. Meem, president of the Wash
ington Loan & Trust Co., reported
that the bank had sold Defense
bonds amounting to sl,936,9S750 tc
1854 individuals since the bonds
were placed on sale last May.
The bank also sold $102, 100 in tax
anticipation notes. Mr.. Meem add.
ed that many of the banks en-
ployes had bought Defense bonds ir
substantial amounts.
Mr.. Meem reported an increase Of
approximately $1,350,O00 in loans
during the year and pointed to the
great influx of Federal employees
during 1941, which contributed in
such a large measure to the in
creased business activity.
Home Loan Bank Dividends.
Payment of dividends by the l:
regional Federal Home Loan Banks
at the end of 1941 brought tota,
earnings on the banks stock hello
by their member institutions anc
the Government to nearly $17,410,.
600, James Twohy, governor of the
Federal Home Loan Bank System
announced today.
Paid semi-annually by 10 and an.
nually by two of the Federal Home
Loan Banks, dividends for the six.
month period ended December 81
1941, totaled s121o,499 an increase
of $78,213 over the same period laSt
year.
Safeway Stores Earnings Up.
Net earnings of Safeway Store!
for 1941 are estimated at $3.50 Pc
share on the common stock, agains
$476 a share in 1910.
The American Institute of Bank
ing has cut a day and a half of
the convention program for tht
June meeting at New Orleans, Il
shorten the time bankers will b'
away from their Offices. The tim'
will be taken from the entertain
ment features, President George 7
Newell states.
The District of Columbia Salvag'
Committee has asked all Washing
ton banks to cooperate in the SAL
wage for Victory" program now un'
der way. The request has been for
warded to keymen by T. Stanle!
Holland, president of the Distric
Bankers Association. What to saw
and what to do with it is outlined
in the letter.
The head Office of the Traveller
Insurance Co. has paid special homo
to six Washington employees for 1874
production: Louis F. Grayson, Shell