The times. [volume] (Washington [D.C.]) 1897-1901, 1900-01-21

vestment demand has been fair, so far this
year.
Mergenthaler Linotype as usual, has
been the most active stock on the ex-
change. 1t has fuctuated somewhat widely,
but has shown again disposition to get
| below 200. The price yesterday was 1876.
In F Street it is suggested that the next
| dividend OF the company is likely 10 be
at the rate OF l6 per cent, instead of the
usual 10 per cent regular and 10 per cent
extra paid in recent quarters. While
important holders of the stock would re-
gard this change in the rate as entirely
satisfactory if the company should see fit
to make it, there is in reality no ground
| for the supposition.
A slight accession OF strength has been
noticeable in Potomac Telephone The
! stock sold above 60 during the week, and
| yesterday go Eek dividend was bid for it,
| The asking price yesterday was Go. Some
further recovery is said to be likely,
| though the decision Of the courts in the
Telephone case is still hanging over the
company, which cannot be regarded as
bull argument in any way.
Capital Traction has been inactive. and
the net change in the price during the
week has been Insignificant. The only
| sale made yesterday was at 20. The state
ment OF the company has been completed,
| but il has net been sent TO Congress as
| yet. Its figures are substantially as al
ready stated in this column. The showing
! is undoubtedly good, though perhaps not
quite as handsome as some optimistic
stockholders had expected. The three
cent-fare bill now before Congress is gen
orally regarded with a mild form of de-
4
that il offers any very pressing reason for
being a bear on Capital Traction or any
other local railway security.
The title insurance stocks have been
fairly active at prices well held up.
number of sales in the bank stock list
have taken place. Traders, which sold re-
Gently at 100 and 131, had no better bid
Yesterday than 1913. West End sold yes
terday for lis ga and 119.
a manual OF the local security market is
soon to be published by A. *. Paris and
w A. Mearns members OF the Washing
ton Stock Exchange. Nothing of the kind
has been attempted before for several
years, although the need has been COM
menied on frequently, and IL is probable
that the new book viii meet with cor
dial reception. The work will include de-
ScTlpliOUs anu uiSAOlItS vi an lht ItII-
panies whose securities are listed OH the
exchange with their most recent sta e
ments and data regarding their securities.
In addition there will be history of the
exchange with short biographical
sketches of the members a history OF the
Washington Clearing House, aud a number
of other matters OF interest 10 local in
vestcrs' financial institutions and the pub
lie generally.
The governing committee OF the eX-
change a few days ago adopted rules re-
garding the information to be furnished
with applications for the listing of new
securities They were published in The
Times. One of the rules adopted was that
IL a corporation shall object to the listing
of its securities no such listing shall be
made Ii is said that this rule was ineor-
porated in Difference to the wishes of one
or two local corporations that are not as
yet DESTROYS that their new securities shall
be traded on the exchange
The events of the business week were
the suit OF Mrs. l.. z. Letter against the
Metropolitan Railway, and the announce
ment that the holders of the first mort
gage bonds OF the Capital Railway. r. T.
Wilson and A. E. Randle, will foreclose
for non payment OF interest. IL is said
hat neither 81 these matters was In the
least surprise TO the Washington Trac-
ion and Electric people, who are the
directly interested parties In each case
The news of the suit and of the foreclosure