Evening star., 1943-07-08
Riggs National Stock
Shows Best Gain
On D. {. Exchange
Nv EDWARD c. STONE.

price gains in the first half year, ac.
cording to survey made today
The stock moved from 237A to 285
Washington Gas Light issues were
among the outstanding stocks dur.
ing the six months. Gas common
with a turnover of LAS shares
moved from l6 to 21A; Gas $4.5(
preferred jumped from 90h tt
100%, while Gas IS preferred opened
the year at 98&4 and climbed tt
1857.
Capital Transit again was the
most active stock in the list, the
half years trading totaling 7,71t
shares. The stock opened 1943 al
26A, advanced to 33 and ended the
half year at 81. Mergenthaler Limo.
type was another of the most active
stocks, scoring sharp gain from
361a to As in the six months on 6
turnover of 1925 shares.
Other Stocks Reveal Gains.
Almost every stock in the list
showed some gain. Garfinckel COM
mon drew considerable attention BY
moving from 8l2 to ia on 985.
share turnover. The Potomac Elec.
trio Power issues and washington
Railway & Electric preferred were
up from one to three points.
The other bank stocks were
strong. American Security & Trust
going from 189 to 200 and Washing
ton Loan e. Trust from 200 to 210
Title insurance stocks were strong
In the miscellaneous list, Lanston
Monotype added four points in ris-
ing to "a, Woodward e. Lothrop
common and preferred showed
gains. Peoples Drug common, at
"a, was up six points.
In the bond department. Capital
Traction SIS were again way out in
front as the leaders on dollar
volume of s54,5o0. Opening the
year at los, the bonds added about
a point. Washington Gas SIS stood
second in activity and at 100 were
the highest priced senior issue or
the board. Railway & Electric As
ended the half year at the strong
price of 109.
Stock trading was about the same
as last year in the like period. Bond
trading was considerably lower
However, President Edison B. Olds
and his associates were pleased with
the results. the exchange maintain
ing its reputation as high grade
investment market.
Chicago Man ABA Candidate.
Harold V, Amberg, vice president
Of the First National Bank of Chi
cago, is being advanced by Illinois
bankers as candidate for vice
president of the American Bankers
Association Mr. Amberg was men,
toned for an Office in the associa-
ton by Illinois financiers two years
ago, They declare he is especially
well qualified to serve the associa-
ton at this time. 1t will be recalled
that Washington has a candidate
for the treasurership in w. j. Wal
Ter of the Hamilton National.
Regular Dividend Declared.
Directors of the Washington Loar
d Trust Co. have declared regular
dividend of 2 per cent, the thiro
for this year besides an extra of {
per cent paid on FEBRUARY /. The
dividend is payable August 2 tc
stockholders of record July %.
President Harry G.. Meem re-
ported to the directors that deposits
had increased nearly 100000 since
the first of the year, of whcih the
major portion had been invested in
Government bonds.
Membership Shows Increase.
Wallace H. Fulton, executive di-
rector of the National Association
of Securities Dealers, reported to
Washington members today that
membership in June showed the first
increase in nearly two years.
Membership advanced from 2.219
In May to 2.228, with Is more apli-
cations pending. There was a sharp
decline in membership after Pearl
Harbor as great many investment
dealers entered the service The
trend Is now turning upward again,
Mr.. Fulton said.
New York, Boston and Chicago
furnished the larger proportion OF
new members, he added.
Lincoln Service Loans Up.
The Lincoln Service Corp. loaned
1885 ,802 88 in June of this year, COM
pared with s350.00551 in June, 1912
an increase of S35. .7e737, or 1912 per
cent, President Charles Welmar an
nounced today. Collections were also
slightly ahead of last year.
The corporation loaned for the
as compared with s1,783 ,491 03 dur
ing the same period of 1912. This
is an increase of 1856, ,00046, or a
gain of 1919 per cent.
Collections for the first six months
of 1943 showed an improvement over
1912 of IL per cent, Mr.. Delmar
stated.
Gartinckel Common at Peak.
Garflnckel common scored a new
high for the year on the Washington
Stock Exchange today, when the
market opened with Is shares selling
at ILL., followed by 600 more at II.
This was the largest volume in any
stock in any session this year.
Georgetown Gas SIS appeared on
the board for their first 1943 sale, at
the high price of 1874 Capital Tran
sit was very strong, "a shares selling
at 3l1a. Potomac Electric Power 51a
per cent preferred matched its year S
high of 1884.
On the New York exchange yes
terday, Washington Gas common,
American Airlines, Penn-Central
and United Airlines all registered
new 1943 tops.
Ration Banking Expanded.
The Office of Price Administra-
tion has announced that ration
banking regulations have been re-
vised to permit small retail food
establishments to bank their ration
currency, A previous order barred
small stores from use of these facili-
ties, except those already having
such accounts.
The new move was taken after
banks handling ration accounts had
indicated that they could take care
of the additional work and were
willing to undertake it on limited
hoSiS Tho rotiop uhaols oro r,ou,