The Washington herald., 1907-12-06
PRICES now HIGHER
Stock Values Stiffen on the
Local Exchange.
STEAMBOAT PAYS 10 PER CENT
Extra Dividend Announced by Com
psny Operating Boats Down the
POtOmac-Bank statements show
Washington Banks Ia be I'm Stable
COndition-3etter I'm New York.

Trading yesterday on the Washington
Stock Exchange amounted 10 5000 of the
per cent bonds Of the Chesapeake and
Potomac Telephone Company and POS
shares of stock. OF which the greater part
was Washington Railway and Electric
preferred. which sold in the larger lots
at g. and one share at "a. Capital Trac-
ton sold at 126, the prices Of both being
firm
The report of the Washington Gas
Company, filed with Congress. failed TO
have any effect upon the stock, so far
as bids or dealing in il were concerned.
The only significant thing in gas was the
sale of five shares of the Georgetown
company at the asking price, $50 share.
According TO the figures of record Wash
ington Gas at this time is bid at So with
IS asked. and Georgetown Gas Is bid 75
asked 90. With bidders and offerings so
far apart there is no hope OF trading
and the value Of the stock with the stock
board quotations before one would be
only an approximation.
Steamboat Stock Pays 10 Per Cent.
Official announcement was made yester-
day of the payment OF the quarterly divi-
dend upon thu stock OF the Norfolk and
Washington Steamboat stock OF per
cent, due January /. TO holders OF record
December Is. on the same date an extra
dividend of : per cent will be paid upon
the stock. making, as ona broker ex-
pressed It. "a handsome present for the
Christmas holidays" and giving evidence
Of the sound condition OF the affairs OF
the company.
The statements of the Washington
banks. including the trust companies and
savings banks. which are now appearing
in the advertising columns Of The Wash
igton Herald, are being closely studied by
financicrs. The statements show that the
financial institutions are In a condition
which can be likened only 10 the Rock OF
Gibraltar. Alike in the items OF cash
reserve and deposits, the banks make not
only an interesting but on the whole
startling showing. II any OF these
banks have been sailing close 20 the wind
the fact does not appear I'm these state
ments. and as they are figures sworn
10 and attested by the officers Of the
banks. they are as true as they are sig
nificant Of lhe stability OF the Washing
ton banks.
ComptrOIlcr's Statement Awaited.
The Comptroller's statement. SUMMARY
ing the condition OF the banks. viii be
ready in few days. when ii viii be pos
sible TO make comparisons with former
periods, when il is likely the strength OF
the banks will be made 10 appear even
in a better light.
y representative of Harris. Win
throp q Co. who was in Washington
yesterday. said with reference TO condi-
tons in New York.
There can BE- no question that the
situation is on the mend. This favorable
turn in events is indicated by the re-
lease OF boarded money. by the relentless
weeding-out of the weakly held margined
accounts, and by the splendid progress
of the banks toward regaining sufficient
control Of the situation 10 guarantee the
early resumption of cash payments, 1
think the investment buying that the
market has experienced will extend. and
that the next six weeks viii witness a
further broadening OF the inquiry from
bona fde investors