Evening star., 1942-06-29
Half Years Trading
On D. T.. Exchange
Well Above 1941
Capital Traction IS
And Transit Stock
Lead in Activity
By EDWARD c. STONE.

Exchange II both bonds and stocks
has beer substantially higher in the
first half of 1912 than IN the like
1941 period, according to survey
made today. The turnover, however,
is mucn lighter than two years ago
and at times has been painfully
slow
Trading IL the bond department
up to the end of last week totaled
$204, 500, as compared with $l46,000
in the first six months of last year,
or a gam of s58,500 in total trans
fers. In the first six months of
1940 bond sales amounted to $3l6,-
50O rejecting a much better in
vestment Cemand.
Traction IS Head List.
Capital Traction SIS have been by
far the most popular issue on the
board, sales reaching $120,50O
WASHINGTON Gas Light SIS have been
popular. sales totaling S45,000 Third
in activity have been Washington
Railway & Electric As.
Georgetown Gas Light SIS. Ana
costa s, Potomac R. R. Guaranteed
5s, City Il Suburban modified 3a4 S
and Aracostia & Potomac R. R.
modified 3a4s have recorded modest
sales. investors having no desire to
part with any of these issues.
Potomac Electric Power 81. IS and
City g. Suburban SIS, 1948, have yet
to record 1912 sales. Washington
Gas SIS, selling above 127, are the
highest-priced bonds in the list.
Transit Stock Most Active.
In the stock division Capital
Transit has been the most lively
issue, 1890 shares changing hands
Washington Gas common comes
second with a turnover of about
2,370 shares.
Mergenthaler Linotype has reg
istered a turnover of 1485 shares
Garfnckel common, Washington
Gas preferred, Peoples Drug COM
mon, Real Estate Mortgage g. Guar
anty preferred, National Mortgage
& Investment preferred and Wash
ington Railway & Electric preferred
have been among the issues in
which there has been considerable
trading Potomac Power So pre-
ferred has also appeared on the
board quite often.
American Security g. Trust Co. has
led the bank stock division with
National Bank of Washington Sec
ond. Trading in other issues has
Jagged. 1t often happens that bank
shares are not offered at any price.
Riggs common, at 282, is the high
est bank stock in the list in which
there have been sales in the first
half year.
Prices of most stocks and bonds
have done we'll in the period under
review
Bond Manual Sent to Banks.
AS further aid to banks in their
already intensive activity in the
selling of War Savings Bonds, the
United States Treasury is mailing
to the commercial and savings
banks of the Nation this week
new 32-page manual entitled Help
ing Your Bank Sell United States
War Savings Bonds which, as
Secretary Morgenthau describes it,
'outlines the form and develops vari-
Gus suggestions which can be con-
sidered vital to a co-ordinated plan
for the promotion of United States
War Savings Bonds
The booklet is a joint undertak-
Ing of the Treasury Department
and the American Bankers Asso-
citation which co-operated In its
preparation. 1t contains sugges-
tions for activity in the fields of
newspaper publicity, direct mail and
radio, outlining plans found to be
effective Washington banks re-
ceived their copies today
Fleming Returns to Bank.
George E. Fleming. vice presi-
dent of the Union Trust Co., was
back at his desk at the bank today
after several months illness. He is
greatly improved in health and was
given a real welcome by the officers
and many patrons.
Directors of the Potomac Elec-
trio Power Co. have declared the
regular quarterly dividend on the
per cent preferred stock, Sl.50
per share, payable September l to
stockholders of record August Is,
1t was announced today.
The board also declared the reg
ular quarterly dividend of S1.371a
per share on the 5i2 per cent pre-
ferred stock, payable September to
stock of record August Is.
Accountants Name Officers.
Maurice A. Martin has been elect
ed president of the District of Co.
lumbia Institute Of Certified Public
Accountants for the coming year,
1t was announced today.
Other officers include Millard T.
Charlton, vice president; Henry A.
ONeill. secretary, and Henry Och
mann. auditor John B. Payne was
elected to the Board of Directors.
These officers will be installed this
evening at a dinner meeting at the
Hay-Adams House, beginning at
$50 Simon w. Levitan, who has
been president during the past year,
has just been appointed chairman
of Rationing Board No. 5.
Mr. Charlton has been appointed
by the District Commissioners as
member of Board of Accountants of
the District, to fill out an unexpired
term due to the death of c. Vaughan
Darby.
Exchange More Active.
On the Washington Stock EX-
change today 500 shares National
Mortgage & Investment preferred
changed hands at Az.
Potomac Electric Power 5i2 per
cent preferred appeared on the
board in three small sales at ia.
Potomac Electric Power 314s reg
istered a $4,000 transfer at 108, first
sale this year.
Washington Gas Light SIS were
strong at 12734 on $500 transfer,
up s. from the last sale.
Merrill Lynch, Pierce, Fenner e.
Beane and other Offices here were
Offering the new G. c. Murphy Co.