Evening star., 1950-08-09
Capital Bank Stocks
Show Little Change
In Seven Months
By Edword c. Stone

Rank Stocks listed on the Wash
inpton Stock Exchange and the
unlisted bank issues sold over the
counter registered only small price
changes in the first seven montnS
of the year. a survey dlscloses'
EirSt-class earnings, which are
axnected to continue the rest OF
the wear, held up quotations. Reg.
,,lar and extra dividends also were
helpful.
on the big board" the bid for
American Security stands at 81:
Liberty National, 1926; Riggs Ma
tional, 3651a; Bank of Bethesda,
311a; National Capital, %; Com
merce g. Savings, $50; Lincoln,
$40: National Savings, 427; Prince
Georges, 80: Union Trust, 40;
Bank of Washington (new), 31Ha;
Washington Loan g. Trust (neW', /,
80.
In the counter list the bid for
Anacostia National stands at 225;
Bank of Silver Spring, 16; City
Bank. 10: Hamilton National,
4Sla; Industrial, II: Munsey
Trust. 1875: National Metropolitan,
81; Old Dominion. 10; Second
National, 110; Security Savings,
212; Shirlington Trust, II; Sub
urban National, "a.
Store inventories Increase.
Stocks on hand in Washington
department stores at the end OF
June were s per cent higher than
on the same date a year ago. tne
Richmond Reserve Bank reported
today.
Of outstanding bills due on
June l., 4S per cent wee collected
during the month, while l8 per
cent of installment racclVab-es
also were paid during June, the
review ated.
June sales il Ci1!tal stores
were 2 pc" cent ahead OF June a
wear ago but down l per cent in
the half year. In the Fifth Dis
trict. se1es were unchanged in
IIlt Slh l+lOIlILlos
Common Stocks Favored.
E. P. Dutton g. Co., Inc, has
Just brought out "A Guide to-
Profitable Investment" by Har-
old B. Gruver, which contains
some interesting investment Sug-
geStions for these hectic days.
The writer presents II rules for
investment which he has drawn
up after following the stock mar
ket for 25 years. He is favorable
to common stock investment but
urges great care in what is pur-
chased and when it is purchased.
The author of the 120-page book
bases many of his present eco
nomic rules on what stocks have
done in wartimeS in the past.
ID. c. Market Area Praised.
Markets of America. published
annually by the Advertiser Maga-
zine features the Greater Wash
ington Trading Area in its latest
issue, the article being written by
Alvin @. Ehrlich, vice president of
Kal, Ehrlich & Merrick, of Wash
ington.
The writer says the steady, CO.
lossal Federal payroll and other
rich income sources make the
Capital and surroundings "a per-
feet trading center" He cites
population figures and includes
impressive retail sales totals to
back up his statements. His totals
on expandable funds includes the
Government and District payrollS,
those from private interests and
some $50 million from tourists.
Loans Set Alltime Peak.
Loans made by ATT Federal Re-
serve member banks in the Fifth |
District increased more than II
per cent and reached a level Of
$1,731 billion in the first six
months of 1850, the Richmond
Reserve Bank reported today. This
was an alltime peak and 1874 per
cent ahead of last year.
Bank loans to business, indus
try, agriculture and individuals
constitute an important key to
business conditions, and in this
instance reflect the notable up
trend in the district this year, the
Bank says.
To secure funds for the expan-
sion of loans the banks sold Sill
million dollars worth of Govern
ment securities, bearing relatively
low interest, and increased other
security holdings by SIS million. to
a total of 1894 million. nearly 10
per cent higher than year ago.
Reserves, assets and total de-
posts declined. Capital accounts