Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1908-02-02
STOCK EXCHANGES
BUSINESS VOLUME
sEcRETARVs. REPORT SHOWS
TOTALS FOR YEAR
Total Sales on Floor of Exchange
Aggregated 1855, 14i--Annua
Report for 1907 10 Just
Issued

According TO the report of II. c. Iiehten-
berger. secretary of the Los Angeles Stock ex-
change. the number of transactions on the
heor of the exchange for 1907 aggregated ST.
&C. Ill In summarizing the tables in the re-
port. which has just been issued, Mr.. Lichten-
berger says
The total number of shares traded in ON the
exchange as shown by tine report hereto at
tached, is greater than that shown by last
years report, but the value Of the stock
handled is much less. This would naturally be
50 owing to the great fall In prices incident
to the panicky times, but ! desire to call the
members attention to matter which is also
fact; that the general list of shares traded in
on this exchange shows a very much less per-
centage of fall than that any other ex-
change of equal standing in the United states.
THE dividend record for the past year is
also remarkable. The total amount Of diVi-
dends declared by companies In whose shares
we are in the habit of trading amounts to the
neat sum of S5,41660. This is certainly
splendid dividend record and one that can
hardly be equaled anywhere. 1t means that
the companies whose stocks you are in the
habit Of handling have distributed to their
shareholders in Los Angeles and vicinity
handsome income. and certainly If this fact
were generally promulgated would do much to
assist the trading on our board
Bank Stocks
The year Just passed SHOWS tiidl we nav
handled in the way of bank stocks 1854 shares
with a total value Of S2O2 rs, and prices on
these shares show very little decline. AS COM
pared with the statements of last year. we
handled 354 more shares this year with gam
III value of $4,000 The bank statement just
published certainly shows healthful condition
for the banks in this city.
I'm the Industrial and public utility list the
exchange handled shares to the extent OF b5l5
al a value of $500, 1853 rs, which shows the total
number of shares handled was increased by $50
hut with the value fallen on some $shOO0
This OF course, being due to the general fall
In prices.
Ole 1856 shares with value OF $l,lSS,24S.f9
which shows a loss in the total number of
shares handled of some 100000 shares, while
on the other hand the total value shows a de-
crease of only s215 600. Shares in the oil list
have certainly held their own well considering
everything that has occurred to afrect olVi-
dends, and it must be remembered the iran
chise tax which went into effect this past
year decreased the surplus of money OF the oil
companies very materially. and in one or Two
Instances affected them seriously that they
had to discontinue dividends for short period.
Mining Stocks
"The total number of bonds handled on the
exchange was 24s with q value of S225, O6s. This
is % bonds less than we handled last year, and
with the valuation some 100000 less than 1t
was for the year 1905
''In mining stocks we handled 9,357,SI0 shares
with a valuation of ss4s, laO.75 This shows a
net gain in shares of some 100000, with the
falling off in valuation of some $4,000. the
total number of stocks traded In in the mining
list is S. or a gain over last year OF 81. This
shows that our business has broadened mater
jslly and that orders are being handled at a
good deal wider range in both prices and Sc
curities than was possible during the year
1906"