The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-11-22

The little business done on the local
stock exchange yesterday was at station
airy or declining prices. Transactions
amounted 20 80 shares Of stock and si500
in Capital Traction bonds.
The price of Capital Traction IS was
scaled down 10 1885 lower level than
these bonds have reached since they We're
first placed on the market, and the
brokers were dealing in the rights"
Lanston sold s. shares at s. share,
also low level for that stock More
over. the volume of the stock sold marks
new departure IN the slow liquidation
going on in the local market
MergenthaEer Reaches IS5.
Mergenthaler sold a few shares at 1S5.
a lower level than the stock has reached
upon this movement 1t IS difficult for
local holders OF Mergenthaler stock TO ex-
plain the low figures at which II is sell
ing. True. there We're rumors some time
ago that the company had a large amount
Of money in the suspended Knickerbocksr
Bank. and there was az one time some
anxiety as to the consequences. This
rUmor, however. has been authoritativeiy
denied, and the fact is the company did
not have a dollar in the suspended bank.
This week the Washington stockholders
g record have received the October state
ment OF the company. which Is regarded
satisfactory, inasmuch as 1t conveys the
announcement that the directors will hold
a meeting on December 10 and declare
the usual dividend Of $3.50 a share.
The October report shows that during
the month 1856 machines We're sold. IL
machines delivered. and s. new orders re-
ceived. The receipts of the company
given IN the report are 1858. 80 FOR the
year. leaving a net income OF 1929, $50. IS
equal 20 80 per cent upon the capitalize
ton Of the company With such "A show
ing local holders Of the stock regard II
about as good an investment as "A gov
eminent bond. and keep wondering what
IS carrying the stock down here, In New
York and in Boston. In all of which cities
the stock IS regularly listed.
Ginners' Report Issued.
The ginners' report to November i was
issued yesterday by the Census Bureau.
and Is better than was expected II
shows that the condition Of the crop as
compared with former years. is not nearly
50 bad as was expected earlier in the sea
son. In fact weather conditions for the
later development Of the crop are favor
able, and the figures look as though the
crop would be something less than 250000l
bales short OF that Of last year when the
returns are all IN.
The principal figures Of the report are.
Amount ginned u November "a aggre-
gates 7.3n.2O2 bales. against S562 2i2 last
year on the same date. and 7.50l $50 for
the crop OF 1905. The crop last year was
129S3.20l bales. and that Of 1915 was To-
40 los bales, so that a moderate estimate
Of the crop this year. IN the light OF this
report is well above 100000 bales
The statistics OF this report includes 1i9.
SOC round bales for 1907. POO. $50 Tor 1876. and
209, 006 for 1906. The number OF sea-island
bales included is 42,7oS for 1907. 3061 FOR
1906. and s. l03 for t905. The distribution
Of the sea-island cotton for 1907. by States
is: Florida, 1892; Georgia, 22.cSl; South
Carolina, 5.535. There were Eiuned &. 12S. 81
bales to November 1. 1907. The statistics
Of this report for November Il, 1897, are
subject to slight corrections when checked
against the individual returns Of the gin
ners being transmitted by mail