Evening star., 1943-07-19
Mergentha|er Shares
Al 50, Now Yield
10 Per Cent
By EDWARD G. STONE.

Mergenthaler Linotype, which re-
Gently reached so on the WASH
ington Stock Exchange for the first
time in many years. now yields 10
per cent, one of the highest re-
turns of any security in the list,
a survey shows.
The highest yield on the exchange
at present prices is on Lincoln Ser
vice preferred, 1855 per cent. Lin
coin Service common is third in the
list with a return of 900, with the
stock selling at II.
National Mortgage g. Investment
preferred yields per cent, Security
Storage, 6.42; Peoples Drug common,
sci; Woodward & Lothrop common,
COL: Woodward & Lothrop pre-
ferred, 5.73; Garfinckel common
5s3. and the preferred, 5.45. Lam
ston Monotype returns 5,SS per cent.
The yields on the public utility
stocks are all over 4 per cent.
American Telephone returns 5.85;
Capital Transit, 5.55; Norfolk &
Washington Steamboat. 4.6l; Po-
tomac Electric Power, per cent
preferred, 5.11: Potomac Electric
ST. per cent preferred, ATT; Wash
ington Gas common, 7 per cent;
Gas $3.50 preferred. 4.46; Gas S.
preferred, 471, and Railway & Elec-
tric preferred, 429.
Bank Stocks Yields Good.
Many bank stocks are also giving
very satisfactory yields at present
prices. Topping the list is National
Bank of Washington now paying 5.99
per cent American Security &
Trust stands second, yielding 5 per
cent, and Riggs National preferred
next with a 486 yield. Washington
Loan & Trust yields 4,78; Bank OF
Bethesda. $50; National Savings q
Trust. 1876; and Prince Georges
Bank & Trust, 425.
With all the public utility bonds
selling far above par, the yields are
naturally lower than on stocks. An
acostia & Potomac River R. R. 1st
SIS head the list with a yield OF 3.75
per cent. Railway & Electric 4s
WELD 3.67: Capital Traction IS, 325;
GEORGETOWN Gas Light 5s, 1922; Po-
tomac Electric Power 1st 31ss 2.96;
and Washington Gas SIS, 2.75.
Real Estate Title Insurance pays
s6 dividend but selling at $50 yields
only per cent. Columbia Title
Yields 2 and American Fire Insur-
ance 423 per cent.
American Stores Sales Higher.
Sales of American Stores Co. in
June amounted to S17,466, l40, an in
crease of S446, ,542 or gain of 26
per cent, it was announced here to-
day.
American Stores sales in the first
six months totaled S100,570. .407, an
increase of Se05 1892, or 09 per cent.
Land Boom Warning Issued.
The American Bankers Associa-
ton has issued bulletin containing
q warning concerning the rising
trend of farm land prices. The
bulletin calls attention of the banks
to a possible postwar boom and
collapse which may be developing.
The rise so far is only "moderate,'
the bulletin states, but much like
the advance during World War No.
l. At that time the real boom oc-
Cured after the war and resulted
in the price collapse in 1921.
Bond Buying Impressive.
The Treasury reports that SO per
cent of the employees of the auto
motive industry, now devoted almost
exclusively to the manufacture of
munitions, are setting aside a por-
ton of their pay each month to buy
War bonds.
In the greatly expanded shipbuild-
ing industry, rs per cent of employees
are enrolled in the plan. In the
Consolidated Steel Corps yards in
Orange, Tex, 17,700 employees are
setting aside 20 per cent of their pay
for War bonds. while 80 per cent of
the employees in the aviation indus
try are using 9.8 per cent of their
pay for bond buying.
Today's Trading on Exchange.
Capital Traction SIS, the most ac-
tive bonds on the Washington Stock
Exchange, figured in a $500 transfer
lOudS az lu0 =, SdIlle dS OG1l6T recent
sales and within a half point of the
high for the year The final bid
was los, with none offered at any
price.
Considerable interest was shown
here in the offering today of 665, Ills
shares of Twentieth Century Fox
Film Corp. preferred stock at S33. so
per share. The stock was offered by
Lehman Brothers and Blyth & Co.
William G. Key, formerly city
editor of the Atlanta Constitution,
has been made assistant to the di-
rector Of public relations of Penn
Central AirlineS.
Mills Novelty Co. of Chicago, 54-
year-old firm, has changed its name
to Mills Industries, Inc, according
to word received here today. The
hrm Is now giving all it's time to
the manufacture Of uar r,,eter;ole