Evening star., 1943-04-19
ManyDividend Yields
On D. {. Exchange
Issues Extra High
Returning II Per Cent,
Mergentho|er Tops List,
Survey Disc.oses
Bv EDWARD c. STONE.

by EDWARD Z. SIONE.
Some exceptionally high dividends
are being paid by issues listed or
the Washington Stock Exchange
according to a survey based on pres
ent quotations.
T,ergenthaler Linotype, at the
high mark of 43, leads the list with
yield of 1852 per cent. Lincoln
Service common stands second with
a return of SO per cent, while Ma
tional Mortgage & Investment pre-
ferred. one of the lowest priced is
sues on the Exchange, rates third
with an per cent yield.
Other stocks in the miscellaneous
division also give a high return
Garfinckel common yields 7.37 per
cent and the preferred 545. Lans-
ton Monotype, at 80, yields 6.66 per
cent. Peoples Drug Stores common
at 1885, returns 6.32 per cent; Sc
curity Storage, 6A2: Woodward &,
Lothrop common, 901, and the pre-
ferred, 5.82 per cent.
National Bank of Washington tops
the bank issues with a present re-
turn of 599 per cent Washington
Loan & Trust yields per cent, with
several others above the per cent
mark. Columbia Title Insurance,
which pays 6 per cent, and sells at
$50, yields 4 per cent.
Washington Gas Light common
leads the public utility group with
an per cent yield. Capital Transit
comes next with 5.46, and Potomac
Electric Power preferred follows
with $40 as the dividend return.
All the others pay we'll toward
s per cent.
With all the bonds on the EX-
change selling far above par, the
yields are not nearly as high as
stocks carry. But, as Exchange
members point out, securities with
the highest yields may not be the
best investments.
Life Insurance Up Sharply.
Life insurance sales in the Dis
trict of Columbia in March scored
a complete turnabout from January
and February and were per cent
ahead of March, 1912, the Life In
surance Research Bureau of Hart
ford reported today. Sales amounted
to s5.018000.
Sales in the first quarter, however,
reflected the very low records in
January and February and ran 29
per cent below the like period in
1912. This compares with a drop
in the whole country of q per cent
Sales in the Capital totaled S13-
$4,000,
Maryland reported sale in March
amounting to s9,SO40oO, but a drop
Of % per cent in the quarter, when
sales reached S25 ,324,OO0.
Virginia reported sharp gain OF
II per cent, on total sales of S9,6O9,-
600 for March. Sales in the first
quarter reached S24,057000, a drop
of "a per cent from last year.
The national volume of S631,-
1853 900 in March was also IL per
cent better than a year ago, the
report said.
War Problems Top Program.
The head Office of the United
States Chamber of Commerce will
send large delegation to the 31st
annual meeting which opens in New
York a week from tomorrow, Presi-
dent Eric A. Johnston has an
nounced.
Ianicr P. McLachlen. president
Of tho Washington Board of Trade
and the McLachlen Bank, today
forecast large delegation from the
traSe body at the three-day session.
The program, already announced,
will cover war material and man
power requirements, international
and domestic economic problems,
national service legislation, labor
and management, agriculture, for
elgn trade, war contracts, Govern
ment finance, insurance, transpor-
tatlon and other vital topics, an ex-
ceptlonal list of speakers having
already been secured
Reserve City Bankers Return.
-Four Washington bankers. Joshua
Evans, jr.; Robert V. Fleming, Fred
erick P. H. Siddons and Wilmer j.
Waller, were back in the financial
bIStllSu loddS d1USl 1lleIlUllS L[lc
annual convention of the Association
OF Reserve City Bankers, in New
York. They reported a most inter-
esting parley.
The associations new president is
Mark A. Brown. vice president of the
Harris Trust & Savings Bank, Chica
go. He is particularly well known
here as a consultant of the Federal
Reserve Board in the development
of Regulation V and for his work on
banking cooperation in connection
with the war
Washington members of the
American Bankers Association, who
attended the New York conclave
say there was very strong feeling
that the September meeting should
not be omitted. The banks are con-
trlbutng more and more to the war
effort and various problems need
full discussion by the ABA leaders
That is why short meeting was
voted.
Lincoln Service common opened
trading on the Washington Stock
Exchange today with a small sale
at II. new 1943 high. The 7 per
cent preferred appeared on the board