The times., 1899-09-17
of many that they will be taken up anon
the first when this slump is over.


The Leather securities have been strong
features Of the market all the week. The
preferred held its own and the common
advanced. Pool operators ignored the gen.
eral tendency of the market entirely, ex-
cept TO buy all the stock that was offered.
The street is discussing number of plans
for the readjustment of the two classes of
stock, none of which has as yet received
inside confirmation The leather trade is
in excellent shape and the trust is undoubt-
edly earning immense profits.
The coal, shares all held up excellently
until the worst of the liquidation yester-
day near the close Of the session, and their
record for the week is a good one, despite
yesterdays selling. The prospect of an
other advance in the price of anthracite
on October /, together with the already
greatly improved conditions in the trade,
owing to higher prices and harmony among
the companies, has created a strong bull
party in the group. One of the items OF
gossip put out by this clique is that Della
ware and Hudson is likely to be put back
on a per cent dividend basis again short
ly. The stock paid per cent for many
years regularly and during the worst OF
the hard times has paid per cent.
American Cotton Oil has stubbornly held
its own during the week, closing yester-
day at the same price as the close on Sat-
urday a week ago, A. The company Is
earning per cent on the stock and paying
g. which seems an all-sufficient reason for
holding it. 1t is said to be probable, how
ever, that the dividend rate will be raised
to 4 per cent, which would make the
stock at its present price pay something
over per cent on the investment.
if,r;-
the faith Of its friends in the excellent way
in which it refuses to be raided.
The past week in the local stock ex-
change has witnessed a gratifying tendency
toward revival OF interest. Business has
been larger than it has been at any time
during the summer, and although prices
have not advanced, they have net declined
materially either The attendance at the
sessions of the exchange has been larger
from day to day as brokers arrived in the
city from their vacation trips. President
Hibbs will probably be in Washington to-
morrow, and it is understood that he will
preside for the first time in several weeks.
Brokers are heard to say that although the
various gentlemen that have taken Mr..
Hibbs' place during his absence have been
graceful and attractive in the position,
there has been none quite equal to him,
all qualifications considered.
MeTgenthaler Linotype, Capt al faction.
Washington Gas, and Lanston Monotype
have all been active and strong. Mergen
thaler sold ''eX," the quarterly diyidsnd OF
per cent, on Friday, and is quoted at 206
bid, 207 asked. 1t holds the recent advance
from around 204 excellentIy, and is being
bought confidently by careful b. oAe an1
investors. Large blocks of Lanston Mon
otype have changed hands during tae
week, and the price of the stock has ad-
vanced fractionally from the comparatively
low price of the first week in September.
Capital Traction sold lex" during the
week, and seems inclined to recover the
dividend. Washington Gas is active, and
refuses to sell lower than around So.