The Washington herald., 1907-08-11
CARTER STOCK In DEMAND
Automobile Concern Promoters Are
Pleased with the Outlook.
Public Subscribes for Shares Before
Advance Is Made TO S2-WOrk on
Factory Progressing Rapidly.

That the interest Of the public is keenly
alive as 10 all matters pertaining to the
progress Of the Garter Motor Car COrpO-
ration was wildly shown during the past
week in the liberal manner in which they
subscribed 10 the treasury stock of this
corporation.
The rush to secure stock previous 10 the
last rise from the dollar to the two-dOllar
quotation was unprecedented in the his
tory Of the corporation. During the past
year, as the stock Of this company took
Its successive advances, the public be-
came more and more interested, each
time evidenCing their interest by liberal
subscriptions. But the rush 10 secure
stock during the pasI ten days has been
without q parallel, and augurs well for
the success of the company.
a factor that largely aided in the dis
posal Of stock during the recent rush was
the presence in this city Of the new 1908
model Of the Carter twO-engiDe car The
actual result of the OBTAINING OF this ma
chine in the city. pending its shipment TO
the jamestown Exposition, was that
every stockhOlder who had the pleasure
OF a ride in il increased, and sometimes
doubled his holdings, and prospective
stock purchasers who were shown the
machine hesitated no longer, but showed
their eagerness to invest to their utmost
ability.
Not only has this car been an incentive
TO the stock-pUrchasing public, but II has
secured for the company hundreds or or
derS for cars, which viii keep the new
Eastern factory OF the company. now
under construction at HyattsTille. Md,
busy for eight months, without cessation,
when they start the manufacture Of their
cars about October ]. Negotiations are
about closed for one order alone for de-
livery wagons from company or ma
tiOnal Importance, calling for over 600
cars, besides a number Of orders from
firms for delivery cars in lesser quanti-
ties. This is not considering the heavy
order list booked for touring cars.
From all indications, rumOrs, and re-
ports to the contrary notwithstanding
the stock Of this corporation VIII soon
take another jump upward. 1t will only
be matter Of a short while before the
s. mark will be passed, and the $40 figure
reached. This is due to the fact that
there have been very heavy recent sales
made, not only to local purchasers, but
to outside capitalists. who have recog-
nized the exceedingly valuable qualities
and dividend paying possibilities OF the
stock OF this corporation by reason OF
their superior product.
Howard o. Carter, the inventor of the
famous Carter two-engine car, who has
been in the city during the past few days,
in company with some prominent Ohio
capitalists, who have become heavily in
tSEeSteu III TIE COIpoFduOns teil viii luSil
last evening for Detroit. While here
upon this second recent visit Mr.. Carter
made another inspection Of the progress
upon the factory at Hyattsville. and was
highly pleased at the showing made.
Work upon the foundation OF the three
buildings now under construction has
progressed SO far that the bricklayers
will start their work the first OF this
week. A little delay has been experienced
in the securing Of prompt delivery of
some Of the material, but that has now
been overcome, and matters are moving
along expediuousiy.