Evening star., 1942-02-25
CAPITAL Bank Stocks
Make Good Showinu
In Two Months
Riggs Most Active;
Many Well Above
Closing lo4l Marks
BY EDWARD C. STONE.

registering nl2ner prices than a
the close of 1941, survey discloses
Riggs National Bank common
stock has been the most active banl
issue on the Washington Stock Ex
change in 1912 The last sale wa
negotiated at 282, against 267 at tn
end of 1941. Riggs National pre-
ferred has been quiet, the year.
only sale on the exchange takinl
place at 1011a, up half a point.
American Security & Trust Co
stock sold the other day at 210 pc
share, Is points higher than th'
final 1941 figure National Saving,
& Trust moved recently at 205, on,
point higher than late in 194l, while
Washington Loan & Trust appeared
on the board at 212, after closing
194l at 204. National Bank oi
Washington sold Saturday at 204
first sale this year and under the
1941 figure.
Bids are strong on other bank
stocks which have not appeared ir
the 1912 trading. The bid for Ma.
tional Capital Bank stock stands
at ITS a share: Bank of Bethesda
30: Bank of Commerce & Savings
325; Liberty National, 172; Lincoln
National, 210; Prince Georges Bank
e. Trust. 81.
Bids on bank stocks sold over the
counter include Columbia National
1877: Anacostia, 160; City Bank, %;
East Washington Savings, Is; Ham
ilton National, 30i2; Munsey Trust
8712; National Metropolitan, 260;
Second National, 81 Security Saw
ingS & Commercial, 1854; Suburban
National, 1412; Union Trust, 74l2.
Gas Stockholders Reach 6,032.
The recent annual report of the
Washington Gas Light Co. shows
that the company is now owned by
6,032 stockholders.
Operations during 1941 required
So 900 tons of coke. $1,000 tons of
steam coal and 286,O0O barrels of
oil, all at higher prices.
Employees are now receiving an in
crease in pay at the maximum rate
of 10 per cent to meet the higher
living costs.
The company is anxious to &c
ahead with the sale of $4,000 shares
of new S425 cumulative preferred
stock as soon as the matter has been
passed upon by the Public Utilities
Commission.
The proceeds from the proposed
sale of stock. when approved, will
be used to pay off bank loans which
had to be made during 1941 while
the plan was awaiting commission
approval.
c. & P. Phone Records Broken.
The Chesapeake & Potomac Tele-
phone Co. started 1912 off with two
more new records, according to lat
est reports. The number of tele-
phones in use hit another all-time
peak. while average daily calls were
also at the highest point in the
company's history.
The number of telephone stations
In service climbed to 327, ,l40, in COM
parison with 278,333 in January,
1941. striking yearly increase. At
the same time the company re-
ported a gain of 5,216 telephones
over the total at the end of De-
cember.
Average daily calls mounted to
! .582 .139 in January, compared with
1314148 in January year ago.
The previous record was made in
December.
Bankers Basking in Florida.
Florida sunshine is Turing Wash
1ngton bankers to the famous winter
resorts.
Hilleary G. HoSkinson. vice presi-
dent of the Riggs National Bank, is
now in Florida for his winter vaca-
tion. planning to return about the
middle of March.
David Bornet, vice president of the
National Savings & Trust Co., left
Washington today for a two-week
sojourn in Florida.
E. c. Graham, president of the
Hamilton National Bank, will return
to the Capital shortly after an ex-
tended visit at his winter home in
Miami.
David Hendrick of w. B. Hibbs &
Co is one of Washington's brokers
who spent part of the winter in
Florida.
Staggered Hours Undecided.
Edward L. McAlear, chairman of
the newly appointed Hours Commit
tee of the District of Columbia
Building and Loan League, told the
association at the Raleigh Hotel yes
terday that the matter had been
carefully studied, but the committee
was not yet ready to make any rec
concentrations. For the present, at
least, the building and loan aSsocia-
tionS will make no changes in their
hours.
Morton Bodhsh, executive vice
president of the United States Saw
ings and Loan League, reviewed
legislative matters now Before Sem
ate committees in which building
and loan associations are particu-
larly concerned.
Another luncheon speaker was
Fred T. Green, president of the
Federal Home Loan Bank of In
dianapolis. Wilfred H. Blanz pre-
sided.
Endicott on Bond Program.
Ralph Endicott, assistant treas
urer of the Washington Loan &
Trust Co., will speak over Station
WWDC tomorrow evening at $50
in support of the District Bankers
Associations Defense bond cam
paign.
President Ernest L. Norris of the
Southern Railway reports that
gross earnings in January were
around $13000,000 against S10,000,-
900 in January last year. Net was
s2,600,0O0 against $2,096,49 a year.
ago.
Market Volume Jumps.
Trading on the Washington Stock
Exchange today was featured by a
sharp increase in volume. Prices
showed little change.
Capital Transit registered 40
share sale at %. Washington Rail-
way & Electric preferred moved in
Inn eI,o,.a ot