The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-10-27
WASHINGTON STOCKS
HOLD FAIRLY WELL
Week Has Had Nothing Of
Strenuosity in, 1t - No
Pressure to Sell Stocks. E.

4 has been a matter Of self-congratu-
IatiOn 70 financial and security inter
es(s OF the Capital City that Washing
ton is serene and undisturbed by the
strenuous Conditions that New York,
Pittsburg, and other cities have been
called upon to face during the past
week.
It is the best evidence possible Of the
fact that there is bat It-ie connection
between our financial interests and
Wall Strset-that local securities are
not speculative stocks but investments
with real and actual value back Of
time. securities that may be bought,
paid Tor, ana locked away for the rainy
day without fear that Wall Street
storms Will depreciate tIeir value.
Mining stocks are An exception
| Some u these shares are Investment
: properties, but the great majority are
| speculative securities, their value de-
| pending on the ability TO market ore
/ after II IS found and finding IL first.
But washington railroad shares,
bonds. and bank stocks have demon
strated in the most trying times that
their merit Is all-sufficient TO sustain
them.
That Washington Gas has not main
/ tanned its price but has sold of mate
rally on a few sales Is not an evidence
J Of mate weakness. but Of rather eZ-
! ;raOrdlnary conditions. For some time
Ii has been the desire Of the company
10 make It's capitalization relatively pro
portionate 90 its earnings-in other
words to capitalize its earning possibil-
titles and actualities. The Georgetown
Gas case Is based on the same intent,
but it is hanging fire and naturally.
some holders Of Washington Gas. seeing
their profits imperiIed By the delay have
HquidaJed with a decline Of perhaps
six to eight points.
The Only Break.
This loss IN Gas has been about the
only material decline Of the entire week.
There have been concessions IN some
other stocks, notably Greene Cananea
and Mitchell Mining. both OF which are
under Boston and New York influences.
The prospects of a reorganization OF
Mitchell Mining are good. The stock
holders in this city are willing TO do
| their share to furnish the necessary
funds to bridge over temporary diff
culties, now that the company has a
president IN whom the stockholders have
/ some confidence. The stock advanced
AQss from the low point. and this car
ried it nearly TO the closing or q week
/ ago.
Bonds Wanted.
A feature Of the market has been the
! excellent demand for Capital Traction
I5E. Washington Railway and Electric
/, as, and other bonds. Prices have been
very steady. scarcely fuctuatlng at all.
The stock OF these traction companies
remained very steady, and with no
change whatever from last week.
Bank Stocks.
Small lots Of tank stocks nave been
sold from day to day. nothing but odd
lots, and rarely over ten shares. That
this IS true is a compliment 10 level
headed Washington.
In ike manner some odd lots or MGR
Ipantnalor, q hIgh-pylced invest nlenL
have been disposed on at gradual
shrinkage to 1s9, but nothing more than
: q mild decline
] washington passed a comfortable
. week. Business was neither expanded
nor restricted. Conditions we're praCu-
Cslly unchanged.