Joseph P. Kreeger, 67, a stockbroker in Washington for more than 40 years, died Friday in Winston-Salem, N.C., where he had lived since July 1977. He suffered from cancer and diabetes.

Mr. Kreeger was senior vice president of Johnston, Lemon and Co. here at the time of his death. He had joined the firm as a general partner in 1970, six months after his company, Jones, Kreeger and Co. merged with the St. Louis-based firm of A.G. Edwards & Sons Inc.

Mr. Kreeger was born in Baltimore. He attended George Washington University. He became a partner in Jones, Kreeger at the age of 27, and was named a senior partner in 1960.

He was a former president of the Washington Stock Exchange and chairman of the District Committee of the National Association of Securities Dealers. He was a charter member of the Washington Society of Investment Analysis.

Mr. Kreeger served on the adivsory board of Suburban Trust Co. and was a member of the board of directors of Dart Drug Corp. and Allied Capital Corp.

He belonged to Kiwanis Club, University Club, Congressional Country Club and Columbia Country Club.

He is survived by his wife, Catherine (Kay) Dean Kreeger, of the home in Winston-Salem; a daughter, Deborah K. Mueller, of Key Biscayne, Fla; a son, Joseph Prince Kreeger, of Kensington, and A sister, Mrs. Charles Foley, of Hyattsville.