The Washington times., 1905-12-24
REVIEW Of WEEK
IN LOCAL MARKET
Feeling of Confidence In
Future Course of Prices.
NO CLOUDS ON THE HORIZON
Brokers Will Enjoy Their Christmas
Dinners With Unusual
Satisfaction.
NO CLOUDS ON THE HORIZON

The week closed with the Christmas
feeling rampant. And why should ii
not be so, sale one observant broker.
The year has been one of unexampled
prosperity, with trading larger than
has ever before occurred in the his
tory of the stock market. The touch
of Midas has been over all, and ev-
erything has turned to gold. Seats
have gone up to the price OF princes
ransom, and the demand is greater
now even at the very high level than
has ever before existed. These would
seem reasons sufficient for the enjoy
ment of the season by every one who
has been fortunate enough to continue
their faith in Washington securities
and secured q share OF the wonderful
prosperity they have enjoyed. THE ad-
vance which started in the fall Of 1904
has gone steadily on, eclipsing all pre-
vious performances. and throughout
the entire year has sustained the i'm
provement in q manner not even pre-
dicted by the most enthusiastic be-
liever. A few prophecies made In the
early days of the movement were look
ed upon with much incredulousness.
but in nearly every case they have
proved the correctness of the predic-
tions and made barrels of money TO
those who had faith in them.
Washington Railway Stocks.
A notable feature of the advance
through the year has been the Increase
in the stocks and bonds of this COM
pany, and the changed feeling held to-
~ a rd th0r17 hxr be rFr-o
class Of investors. At the close Of
1904 the movement had hardly got
well under way, and the business was
restricted to very small trading. Loans
were difficult to secure where they
were used as a collateral security, and
the public had but just begun to take
friendly interest in them. Now all is
changed. and throughout the year the
bulk OF the trading is represented by
the tremendous dealing in these secu-
rites. and the continued confidence
felt in them.
Trust Stocks.
The rapid advances in the price of
trust stocks and the tenacity with
which they are held by investors, al
though the returns made upon them
are not large. are amoDG the surpris-
ing features of this surprising year
The building of the new home by the
American Security and Trust Com
pany, the declaration OF 1tvidend by
the Union Trust, and the rumored
changes in the National Safe Deposit
Company have but whetted the pub
lie appetite, and prices have scared
to figures that would have been deem
ed incredible a year ago.
Bank Stocks.
The consolidation of the Metropolitan
Citizens. the purchase and occupancy Of
the fine premises known as the Sun
building by the American National, the
contemplated alignment of the Second
National with powerful interests in
New York city. and numerous other
consultations so frequently reported
have caused holders OF bank stocks to
hang on to them with a determination
born of a belief in great possibilities
The prosperity of the two new candi-
dates. the American National and the
Commercial. and the declaration of a
dividend in the early days of their
career is one OF the unusual features Of
prosperity IN banking. The coming of
the National City Bank as a candidate
for public favor, and the excellent man
ner in which IT has been received,
would appear TO show that the field is
still open for new enterprises that can
secure the public confidence.
Savings Banks.
Here. too. are striking evidences OF
the increased prosperity of the COM
munity and the confidence felt in in
stitutions OF that kind. The great in
crease IN their deposits. and the small
amounts that have been offered for
sale show how highly they are thought
OF by investors.
Capital Traction.
The railroad situation is just now In
q somewhat confused condition, as the
reports Of an amalgamation of compet-
ing interests are not entirely credited
The friends OF this company are, how
ever, well satisfied with the continued
prosperity and the stock IS now selling
At the highest point In its history, and
with little disposition to part with IT
by the large holders, the trading being
confined to transactions IN very limited
quantities
Generally speaking, the balance OF the
list of stocks and bonds are of like
character to that already recited. Prices
are high. but there is still a feeline
they will 60 higher. and with every in
dicatfon that the coming of 1905 will
bring another year OF prosperity 10 ouI
financial institutions and all coIlatera,
interests, the officers and stockholders
OF them. as well as members OF the
Stock Exchange. are ready to indulge
In very Merry Christmas