The Washington times., 1908-12-13
LOCAL SECURITIES
IN GOOD REQUEST
Banks Have a Plethora of
Loanable Money in
Their Vaults.
MUCH WILL SEEK
SAFE INVESTMENT
Traction Stocks and Bonds, With
Bank Stocks, Favorites
With Buyers.

There has been a decided Improvement
in the character Of the local market
and the indications are that conditions
viii continue rather more favorable
than they have been. Washington
banks have more money than borrow
ers can use 10 good advantage. and as
there are many safe investments IN the
local market we are likely To fin6 bank
funds seeking employment in these
stocks and bonds.
The aggregate report OF eleven saw
ings banks. five trust companies, and
ten national banks doing business in the
city OF Washington shows deposits OF
$50. .361. 90: loans Of $40. .O61 Isl. and capital
Of S14IS7.0Oo.
on this page will be found the aggre-
gate statement Of these fiscal institu-
tiOns combined in their respective
classes. 1t viii be seen, by a study OF
these tables that the banks have too
much surplus cash on hand.
Big Deposits .
There have been some remarkable evi-
dences OF growth in deposits in banks
and trust companies. as shown By the
United States Trust Company, passing
the 100000 mark or 100 per cent in
can Security and Trust Company has
added nearly 10000 TO it's deposits in
the last year and a like amount to fits
assets. the actual increase in deposits
being from s.. 753. 26O to s., ,45O,174. and as
sets from SlO.12,72 TO sl2. 407. .29S- Other
banks have made similar gains.
BY the negotiations just closed the
American National Bank starts on a
new career Of prosperity that promises
70 bring its deposits Up 10 nearly five
millions within a year or two
Securities Should Do Well
With such banking and financial pros
perfty for the city. there can be no
question but what the security market
will do better. because local investments
viii appeal 10 local capital because Of
the character of the officials OF these
corporations, and the fact that there is
a close alliance between capital and
corporate activity.
Because Of the excellent business that
the traction companies are doing, their
shares have advanced, and are likely TO
make additional gains
The Washington Gas Company awaits
the decision Of the Supreme Court in
their case. before making any move
public has not been doing much IN the
stock. but professionals have faith IN
It, and it is going into many safes in
round lots in the nature of a perma-
nent investment.
Bank Stocks Inviting.
IL should not take much IL any SOM
ment TO indicate the probable advancing
tendency Of bank stocks. The showings
OF these institutions and the investment
demand is sufficient to promise strong
values. New high records have been
made on this movement on American
National, United States Trust, and On a
number of other bank shares.
Mergenthaler, LanstOn. and a nun Der
Of local fire and title insurance st, cl1s
have remained practically unchanged
during the week, and give promise Of
becoming firmer. Graphophone has de-
veloped more than the usual activity
and tone.
Bonds Wanted.
Bonds are in active demand. the trac-
ton issues. the Is of the Washington
Railway and Electric Company, and the
SIS of the Capital Traction Company
have been and viii be in good demand
for investment.
Interest is increasing in local stocks.
the attendance on the local stock Ex-
change is good, and the outlook is en-
couraging, the more so as our invest
ments have not advanced 10 anything
like the extent Of the gains in New
York-nor nas the local market been
etrbiacf IN p1anipllatiOn. il is a natural