The times. [volume] (Washington [D.C.]) 1897-1901, 1900-09-09

The Local Security Market.

The local stock market was closed yes
terday on account OF the hot weather. mu-
tual consent having been secured without
the slightest difficulty on Friday There
has been a trife more of activity and
interest in the market during the week.
A number of the prominent brokers have
returned from their vacations and appar-
/ emily the investment public also is he
I ginning to get back to the city. Pregi-
dent Hibbs has been in the chair for the
past day or two. and this has helped to
revive business, especially the speculative
room trading, which has been such an
important part of the total during the
past year. Little of interest has devel-
oped in the way of news. Money is chean
heres~as it is in New York The banks.
however, are inclined to restrict their
leans somewhat, perhaps because of the
rearness of election.
Mergenthaler Linotype has been the
most interesting and active stock on the
list during the week. It has had good
advance in price. which has been the
more marked because it has followed A
good gam made last month. A little while
ago Mergenthaler was selling at 1855. On
thursday and Friday it sold at 1870. The
DID was lS9 at the close on Friday. The
approach of the dividend period accounts |
Tor the advance in the price largely. No |
doubt is expressed anywhere as to the !
dividend being declared at the usual rate
Some little new activity was deveIoped I
IN Lanston on Thursday and Friday. and
me price advanced to Il. It was supposed /
that the buying was speculative entirely. I
though some recovery in the price of this
stock is considered not improbable If the
general market is good during the COM
ing few months. Friends of the company
eVlnee much qualification that the Lanston
secured the second prize at the Paris Ex-
position. The only American machine of
the character that secured a better award
was the Mergenthaler.
Much attention has been attracted re-
Gently by the weakness of United states
Electric Lighting bonds. They are selling
Iar below the price of year or two ago,
ana especially during the past month have
been sliding on in price. During the week
there has been slight rally in the bonds
and friends of the issue are emboldened !
TO hope that the slump is at an end. Some |
Oh the most careful and experienced in I
Vestors are holders of these bonds. IT
would seem that they should be most
investment at their present
price. Even If the syndicate has a very
Dig proposition on its hands, there is no
reason to suppose for a minute that IL {
Will fail to pay the per cent interest on !
his issue. s
There is no life in the insurance stocks b
they are selling at bottom prices and b
or want OF buyers holders continue now 2
md then to lower the Offering prices on 8
hem. The Insurance fight is apparently i
10 nearer solution than it was two d
months ago. There is no uniformity in
harging the old or the new insurance e
ate on preferred risks" Many of the /
gents are following the example of ID
ne OF their number who said the other q
ay he was getting the illegal rate if he p
ould and keeping the new rule only when )!
e was forced TO do SO to get the bust Y
ess. pr
One or two of the brokers have been fc
musing themselves with Gun Carriage ! L
gently. They have pushed the price IN dl
} is cents share. The occupation is a
heap. m