Evening star., 1943-12-21
D. {. Utility Stocks
Make OUTSTANDING
Record During 1943
BY EDWARD c. STONE.


Public utility stocks listed on tn
Washington Stock Exchange hav
made striking record during tn
year, refusing to sell OF when Ney
York Exchange issues were work
ing lower, and are ending 1943 clos
to the best prices in the past /
months, a survey reveals. Most o
these stocks are selling far abov
500 a share, while yields also ar
surprisingly good.
Capital Transit has led the lis
in volume Of trading, yielding 81
per cent on recent sales at Is
Washington Gas Light common
stands second in activity and a
20s4 yields TIA per cent, highes
return in the list. Gas S. preferre,
has been active, selling recently a
1O6, while Gas $50 preferred, a
1921, is up from 81 earlier in tn
year.
Potomac Electric Power pc
cent preferred, around 1T, is of
from the high for the year of 11e
but yields 5.2l per cent. Potoma
Power 51a per cent preferred, selling
recently above lis, has maintained
its investment standing.
Norfolk & Washington Steamboa
stock at 100, is the highest utilit,
issue on the board except Ameri
can Telephone. Washington Rail
way & Electric preferred is endini
1943 close to the high Of lib TO
the year. Railway Common, which
has lacked sales, now carries biz
Of $3.50 a share.
Loan Goal Up 500, ,000,0O0.
The purchase of 100000, 900 O.
Government bonds in 1914 will be the
goal of the building and loan asso-
Citations, the United States Savings
and Loan League announced today
This is $lO0,0O0000 higher thar
In 1943. The 1943 goal was prac-
tically doubled and loan leaders fee
confident of exceeding next years
mark.
Roy w. Larsen, Minneapolis, has
been named general chairman of the
1914 drive The Washington chair
man is Edward C. Baltz, who han
died the 1943 campaign so success
fully.
New Highs On Exchange.
On the Washington Stock Ex-
change yesterday, go shares of
Woodward & Lothrop common sold
at 43, a new high for the year, 20
shares of Security Storage moved at
72l2. also a new 1943 top, and 30
shares of Mergenthaler sold at 48,
highest price in many sessions.
Construction in 1914 will be cut
to about half of the 1943 volume,
the WPB forecasts. Next years out
lay is estimated at s3,860, ,000,O or
81 per cent of the indicated l943
total.
Thomas C. Boushall, president,
Morris Plan Bank of Virginia, was
elected chairman of Group II, Vir-
ginia Bankers Association, at the
37th annual meeting in Richmond
Crowley to Address Bankers.
Leo T. Crowley, head of the Fed
Sl al OCPOSlU 1llSII ollSC NO1P. oi1O
the once of Foreign Economic Ad-
ministration, will address the mid
winter meeting of the New York
State Bankers Association, January
II.
The Union Safe Deposit Co.,
Parkersburg, w. Va, has been ad-
mitted to membership in the Federal
Reserve System, the Richmond Re-
serve Bank reported today
The popularity of Woodward g.
Lothrop common prevailed on the
Washington Stock Exchange again
today when so shares sold ex-divi-
dend at 43, the new l943 top.
Donald J. Reese, chief, iron and
steel manufacture section, metallur-
gical and conservation branch,
WPB, under loan from Interna-
tional Nickel, has been appointed to
the Technical Committee of the
Gray Iron Founders Society of
Washington and Cleveland.