Evening star. [volume] (Washington, D.C.) 1854-1972, 1942-02-04
Capital Realty Bonds
Continue Steady
Rise in Month
Washington Properties
Is at New AII-Time
Peak Of 8lI2
By EDWARD C. STONE.

Washington Properties Is got ur
to BIZ, an all-time high mark fol
this issue. They closed the month
with a bid of tn, the price not
including the S. interest payment
made on February 2. That accounts
for the seemingly lower bid at the
end of the month.
National Press Building 3-5s. 1850
were also strong, ending January
with a bid of 92l2. National Press
Building adjustment AIS advanced
bids moving up to 40 with 43 asked
Mayf1ower Hotel Corp. SIS, the
highest priced bonds in the list
registered a bid of 1884, at the enc
of the month, while Mayf1ower Hotel
SIS. without stock attached, stood at
97la bid and 101 asked. incidentally
Mayflower Hotel stock closed jan
uary with bid and asked, these
quotations being in new ground.
Washington Auditorium, Racquet
Club, City Club and Consolidated
Title Corp. IS were among other
issues which remained firm during
the month.
Averages Up 2.6 Per Cent.
Amott, Baker & Co. reported to-
day that 200 real estate bonds in
Eastern cities resumed their upward
trend in January with an increase
of 2.6 per cent. the average price
of 1902 per 1000 bond moving up
to 1910 during the month. This
advance helps offset drop OF per
cent in December, the first in a year
and half.
Five Washington bonds are used
in these averages. OF the 200 issues
used in the analysis, 112 issues in
creased in price. SO remained un-
changed and only % decreased.
In the classification by type OF
building, Office buildings lead the
way with a rise of per cent. Hotels
followed with rise during the
month Of "a per cent.
In the individual issues several
extreme changes we're shown in the
3l-day period. One Philadelphia
issue increased 15l2 points, while a
Boston issue decreased 1917 points.
Both price changes are attributed
10 developments in connection with
the signing or termination OF Gov
eminent leases. the review concludes.
Navy Pushes Defense Bonds.
Presentation by Secretary Knox
to Secretary Morganthau of a check
for 81, 684,61250 in payment for De-
tense savings bonds sold by Navy
issuing agents during December,
brings to light the great activity OF
naval officers in pushing the sale OF
the bonds in this locality. The check
represents principally the Defense
bond investments OF civilian en-
ployes Of the navy yards and sta
tons.
During December the Washington
Navy Yard invested S185, 583.50 in
, Defense securities and the Navy De-
partment invested $92, 111.50. And 1t
was predicted today that January
December.
The campaign was organized and
Is being administered by the fol-
lowing men, who in large measure
have been responsible for its success:
; Frank Knox, Secretary OF the
Navy; Ralph A. Bard, Assistant Sec
rotary OF the Navy, in charge OF
shore establishment; Rear Admiral
Charles Conard, co-ordinator, De-
Tense savings bonds; Rear Admiral
Raw Spear, paymaster general OF the
Navy. acting as fiscal agent for the
Treasury; Comdr. Gerald A. Eubank,
assistant to Rear Admiral Conard.
Loan Experts Study War Moves.
Carl J. Bergman, treasurer OF the
Washington Permanent Building
Association, and William N. Payne,
r.. president of the Eastern Build
Ing e. Loan Association, have been
called to attend the first war meet
ing of the Executive Council Of the
United States Savings and Loan
League in Chicago, February 8 and
10. Mr.. Bergman, who Is a mem
Der of the leagues board Of direc-
tors representing the Southeastern
district, will also attend a special
meeting of the board on Saturday,
February 7. Mr.. Payne represents
the District of Columbia as national
executive councilman.
On the strength of what was &C
complished in 1941, the Chicago
meeting will plan the machinery for
a new high goal of Defense bond
distribution by the association this
year.
Item z on the docket is the draft
ing Of suggested policies for all asso-
Citations to pursue in 1912. What
kind OF control to exercise on lend
ing policy, the lowering or increasing
OF loan percentages to property
value, the reserve policy called for
by the war period and similar basic
decisions in the operation of these
institutions are expected to be COW
cred by the advisory declaration
from the council.
Home Mortgage Loans Expand.
Home mortgage recordings in the
District of Columbia during Deem
Der by all types of lenders totaled
! 304 and amounted to Sc, 429 GOO, the
Federal Home Loan Bank announced
today. This compares with 1918
mortgages, totaling $5,625 900, in
December, 1910.
Building and loan associations
mVie $40 loans for $4,000 in
surance companies rs, for $4,000;
banks and trust companies 65, for
S454 900; individuals 425, for 81 $685.
600; others 100. for 1851 900.
Today's Trading on Exchange.
The strong market on the Wash
ington Stock Exchange prevailed
again today. Lanston Monotype
sold at 211a, up "a. Capital Transit
moved at % against yesterdays new
high of 1855. Peoples Drug COM
mon moved at 2O34, off from the
last sale.
Washington Gas Light SIS figured
in the first sale this year, $500
changing hands at 124. American
Security & Trust Co. stock also ap-
peared on the board for the first
time this year, 20 shares selling at
2lO against 1877 at the end of l94l.
Mergenthaler Linotype registered
no sales but the asked price was