Evening star., 1943-12-03
Many High Yields
Listed on Capital
Exchange Issues
BY EDWARD C. STONE.


Many extra high dividend yield
now prevail among the stocks liste
on the Washington Stock EXCHANGE
returns far above payments by mos
Of the stocks on the New York Ex
change, according to survey mad
today. Some of these high yield
are on issues which are considers
unusually conservative by pruden
investors.
The highest dividend returns a
present are among issues in the mis-
cellaneous group. Real Estate Mort
gage a. Guaranty preferred, sellin
at tn, tops the list with a yiel
of 9.03 per cent. Lincoln Servic
common, at IL, comes next with
9 per cent return. followed by Lin
coin Service preferred with an 8.5
per cent yield.
Lanston Monotype, at 80, yield
6.12 per cent; Garfinckel Common
at l5la, returns 4.38; Mergenthalel
at 49l2, TT; National Mortgage
Investment preferred, 1876; People
Drug, $50; Security Storage, 642
Woodward e. Lothrop common
6.45; and Woodward g. Lothrop pre-
ferred, selling at 121, 5.7S per cent
Utility Stock Yields High.
In the utility group. the presen
yield on Capital Transit is arount
500 per cent; Norfolk g. Washing
ton Steamboat, 46l; Potomac Pow
er per cent preferred, Sis; Pc
tomac Power 5l2 per cent, ATT
Washington Gas Common, TIA; Ga!
$3.50 preferred, 436; Gas IS pre-.
ferred, 4.70; and Washington Rail
way & Electric preferred, 4.27 pei
cent
There are some notable yields or
bank stocks, National Bank o.
Washington heading the list with 6
599 per cent return. Riggs Nation.
al common now yields 3.98; Riggs
preferred, 400; American Security
e. Trust. 434 National Savings &
Trust, 1875; Prince Georges Bank
& Trust Co, 424; Washington Loar
& Trust, 430 and Bank Of Bethesda
$50 per cent. Fire insurance ano
title insurance stocks are also pay
ing some excellent dividends, the
survey reveals, while prices on all
the leading issues are strong, at OF
close to the high for the year.
The fact that all the bonds on
the Exchange are selling far above
par makes the yields on the senior
issues less impressive than on many
Of the stocks.
Loan Delegates Return.
Delegates from the District Build
Ing and Loan League to the Chicago
convention of the United States
Savings and Loan League, were back
at their desks today, enthusiastic
over the meeting. There were many
very helpful addresses.
Representative Jesse P. Wolcott OF
Michigan, ranking minority member
of the House Banking and Currency
Committee, told the conference that
nowhere in the Price Control Act
was the administration given the au-
thority to regulate the terms OF sale
recovery Of possession, use and occu-
pancy of real property. The House
of Representatives ruled negatively
on the question last fall.
Representative Wolcott said Con-
eress had been busy in recent years
checking the trend toward collectiv-
ism and cited some of the matters
in rent control administration which
are beyond the intent of Congress
Outstanding letters read at the
convention were from President
Roosevelt, urging the league men,
bers to cooperate with the Govern
ment in encouraging thrift and
home ownership, and one from Will
liam Green, head of the AFL, stat
ing that it was the aim of his Or
ganization ito protect and maintain
the spirit and principle of free en-
terprise and individual initiative"
Postwar Rationing Forecast.
Rationing controls will continue
after the war for a short or long
period, in the opinion of SIS bank
officials of compare lively small
banks who replied to a series OF
questions sent out by the American
Banker.
The same bankers report that Gus
toners are already talking about
loans in connection with peacetime
production. They show a desire to
arrange for all needed funds in ad-
vance.
These and other bankers say they
do not favor continuance of the
Federal "V" loan guaranty after
the war.
Officers Of nearly 1000 banks said
that Government lending agencies
are now taking loans which the
banks could and would make.
OF the bankers questioned, SO per
cent said the wartime innovation of
women tellers in the place of men
is proving highly satisfactory.
Takoma Bank Votes Dividends.
Directors of the Citizens Bank of
Takoma Park have declared a 212
per cent semi-annual dividend on
the common stock and a "a semi
annual dividend on the preferred
stock. both payable December 81 to
stockholders of record December Is,
President L. v. Lampson announced
today.
The Citizens Building, Inc. which
Is owned and controlled by the
Citizens Bank, has also declared
ga per cent Semi-annual dividend
on the preferred stock, the payment
dates being the same as on the bank
stocks, Mr.. Lampson added.
On November 10 of this year total
resources of the Citizens Bank had
climbed to 1921, 1897, a gain of
S672, 1880 since January /. The bank
has s1,200,000 in Government bonds
and has handled 5000 transactions
In E bonds for patrons.
Today'S Trading on Exchange.
Washington Gas Light common
led trading on the Washington
Stock Exchange today with 100
shares changing hands at 20A fol-
lowed by another small transfer at
the same price.
Capital Transit was strong TODAY,
80 shares changing hands at 20 ex-
dividend. Washington Gas $3.50
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