The Washington herald., 1907-09-08

Contrary to the usual course of events.
yesterdays session Of the Washington
Stock Exchange was about the best OF
the week. Trades amounting 10 1890
shares Of stock and 5000 in bonds went
on record, but even this evidence Of good
business does not Indicate the activity Of
the bidding on several issues and the in
ability of the brokers TO hn their orders
at prices they were commissioned to pay.
Lanston Monotype was the leader yes
terday some Loo shares changing hands.
Brokers who were anxious 70 obtain Ian
ston tried first to beat down the price and
then raise it again in the effort to bring
out the stock in larger quantities than
has been the case recently but the ma
nipulation worked only fairly well, and
several brokers left the exchange unsat-
isfed
The recent activity in Lanston is diff
cult Of explanation. The price is at a low
level, and so far as news regarding any
thing going 10 happen with reference 10
the stock IS concerned. there is pSacti-
cally none. yet Lanston is one Of the most
active stocks on the board. with the price
sticking around sl2 a share, Moreover,
there are a number Of brokers who seem
unable to get enough Of it TO satisfy de-
mands
RaiIv~ay shares Hold Well.
The railway shares continued 10 hold
their own yesterday. with small trades
IN all Of them. Capital Traction was per-
haps the strongest yet it was found i'm
possible 10 lower the price Of Washington
Railway and Electric common from 35.
The preferred OF this issue developed a
measure Of strength. and the general i'm
preston Is one Of confidence FOR better
prices on all these shares.
Mitchell Mining closed at rs. where
the brokers seem 10 think IL good policy
10 keep the official quotation. but all
the transactions are made az and Is,
which represents the present price of the
stock IN Washington. There are some
rUmOrs that there viii BE- a rise in Mitch
ell. though what II is based upon. other
than progress on the railroad from the
Coast 70 the mines in Mexico, it is
impossible 20 say.
Dime Bank Makes Progress.
The newly-organized Dime Savings
Bank appears TO be making considerable
progress. The directors have held two
meetings, and have outlined their plan
Of action, which is modelled on the dime
savings banks Of Baltimore and New
York. The stock Of the local institution.
Il is said. has been ovcrsubscribed, ap-
parently without solicitation. and il is
rumored that many applications for the
stock have been declined. by reason Of
the 0yersubscription. and II looks now
as If this stock would soon be sold at
premium.
The board of directors have tentatively
decided upon the temporary location OF
the bank, but decline TO make II public
until all the details have been perfected.
The directors have had numerous ap-
plicauons for the position Of cashier and
teller, and special committee appointed
for this purpose IS considering the ap-
plicatOns.
Several weli-known men have been sug-
gested as additional directors. but the
board has taken no action thereupOn.
i IS believed that when this institu-
ti0n is opened for business the amount Of
savings business it VIII do VIII be large.
as the stock and. directors are divided
among all sections OF the city and all
classes Of people.