Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-01-11
D. {. Counter Issues
Make Good Showing
During Year
Shorpest Rise Recorded
By Barber & Ross
Preferred Shores
By EDWARD C. STONE.

BY EDWARD C. STONE.
Capital securities, sold over tn
counter, generally speaking, per
formed favorably during the yea
sfD42. Price stability and a livel
demand for certain issues stan,
out as high spots among these un
listed stocks and bonds. Price com
parsons are revealing.
Quotations on six issues were ex
actly the same at the end of 1874
as on December 81, 1941, right "ol
the button" They did not var,
the smallest fraction. These Sc
curities were Washington Audito
rum IS, with 84h bid; Anacosti,
Bank, 100 bid; East Washington
Savings Bank, Is bid; Griffith Con
sumers preferred, 104 bid; Mer
chants Transfer & Storage pre-
ferred, 1912 bid. and Suburban Ma,
tional Bank, 141a bid.
Another interesting group variet
only two or three points during tn,
year. Among these issues we're Co
lumbia Title IS, D. G. Paper Mill
s.. Mayf1ower Hotel bonds ant
stock, National Press Building 3-5s
American Co. preferred and com
mon, Hamilton National Bank ant
Fidelity Storage. In the course O
the year these issues reflected much
more stability than many securitie.
listed on the big exchanges.
Two issues were much more col
dtful. Barber g. Ross preferred
jumped from % bid to IS durin,
the year, 80 points; National Pres
Building AVS moved from 351a t,
ga bid. The Barber & Ross juml
was due to the paying of of tn,
conpany's bonds, while the strength
in Press Building bonds also wa
due to Improvement in the cor
poration's financial structure.
Other Notable Advances.
Other notable advances in tn,
real estate bond field included
washington Properties Is, which
rose 10 points to "a bid. The com
mon also moved from AZ to 51a, {
real rise for a low-priced stock. A
the same time Raleigh Hotel stool
moved from 303s to 3612.
The real estate picture in Wash
ington has drawn comment in re-
cent months from many annalist!
IN other cities. Holders of real es'
tate bonds, who had severe papel
losses, have been rewarded for theil
patience. With hotels, Office build
ings and apartment houses taxed II
capacity, real estate property earn
irgs have been most favorable.
Perhaps the greatest amount O
activity during 1912 was in Wash
ington Railway & Electric units
They opened with 141a bid and II
offered and closed with 1912 biz
and 141a asked, the units reflectinl
the lower dividend paid on Wash
ington Railway & Electric common
stock. The units originally wer'
distributed by the North American
Co. as dividend payments and Wash
ington has been their best market
National Press Building 41as
washington Properties Is and May.
flower Hotel bonds led the rea
estate group in activity. Bank
stocks, as was the case on the
washington Stock Exchange, ended
the year lower than they opened
the survey discloses.
:. Hemingway Honors Waller.
Wilmer ]. Waller, vice president
snd cashier of the Hamilton Ma
tional Bank, has been reappolnteo
q member of the National war
Loans Committee of the American
Bankers Association by w. L.
Hemingway, president, it was an
Younced today, and also made
chairman of the ABA Priorities
Committee. Mr.. Waller served as
chairman of this committee during
the latter part of 1912.
The Loans Committee performed
very valuable service last year IN
putting the banks in touch with
Government war loans and explain
ing the methods Of obtaining such
loans. Early in the war the banks
had huge sums of money which they
we're anxious to place in loans on wal
plants and materials. The commit
tee did a greal deal in getting these
loans going on big scale.
Mr.. Hemingway believes the COM
mittee faces an even greater task
during the coming year.
Bank Elections Tomorrow.
All the national and many othel
Washington banks will hold theil
annual meetings tomorrow, cleo
their directors and in some instances
name their officers for the year. Il
was indicated today that about thu
usual number of new directors viii
be named, some to fill vacancies
others being added to the boards.
John D. Hospelhorn, deputy banl
commissioner of Maryland, has beer
named chairman of the Executive
Committee of the National ASSocia
ton of Supervisors Of State Banks.
George L. Harrison, president o
the New York Life Insurance Co
has been elected a member OF tn
Advisory Council of the Fedora
Reserve Board, representing tn
Second District.
Washington Stocks Firm.
Washington Gas Light $3.50 pre-
ferred stock opened the weeks trad
ing on the Washington Exchange
q small lot moving at 81, up u.
Riggs National Bank common
appeared on the board at 25C
against the last sale at 247A.
Washington Loan & Trust CO
registered the first transfer in 1874;
two shares selling at 200, unchanged
Washington Gas Light common
was strong on the New York ex
change Saturday, 300 shares sellin
at 16.
Sales Of G. c. Murphy Co., in De
cember were 1875 per cent ahead o
December, 1941, and for the ful
year were up 212 per cent.
Sales of Lerner Stores Corp. II
December, were 17.9 per cent ahea'
Of the preceding year and In l
months were ahead Of 1941 by %.
per cent.
Goodveor Tire Votes