The Washington times., 1909-10-10
WEEK OF ACTIVITY
ON STOCK EXCHANGE
Total Transactions Were
$40, 700 Face Value in
Bonds, 1914 Shares.

Operations on the local stock ex-
change for the past week have been
more active than for many months, and
in general the trend OF prices has been
upward. Takers of securities have been
willing to buy and pay well for what
they wanted. Offerings Of all kinds OF
| securities have been up TO the demand
with the possible exception of Lans-
ton monOtype IN the last two days of
the week The total transactions for
the week were S26,7OO face value in
bonds, and s.1s4 shares o. stock.
Among the bonds the most active
have been Capital Traction SIS. Wash
ington Railway as, and Potomac Power
Consolidated 5's. In the case Of the
last named prices frightened a little,
closing az 1884,. with sales Of $500 for
the week.
Stocks Become More Active.
stock operations have been upon al
expanding scale. with Railway prefer
red, Ianston and Greene-Cananea lead
ing tile market During the week a
block of LOCO shares of Railway pre-
ferred was placed on the market here
and quickly sold at only the slightest
reduction in price. This sale OF LOCO
shares following a similar sale about
I a
stock which was acquired by New York
interests about the time OF the buying
out of the control OF the company by
| local capitalists about two years ago.
II is believed that this stock has been
held in New York up 70 the present
! time and has been sold here at the
good price now prevailing. The common
stock of this company was only mod
erately active during the week.
While Washington Gas has been in
active, the call for shares has been
insistant, but the price of the security
is not now sufficiently tempting 70 in
duce sales of shares that were bought
at higher figures.
Lanston Adds Two Points
The feature OF the week was the rise
IN Lanstcn, on the strength Of the divi-
dend announced by the company at the
rate of per cent. This means the dis
tributiOn OF about 10000 among the
stockholders at the dividend period
Hitherto not more than $4,000 has been
so distributed in any one year More
over, the payment of dividends has Decn
suspended for some time. In the an
nouncement Of the dividend the com
pany makes 1t plain that the indebted
ness Of the company has been paid off
and that the money With which to pay
the dividend has been made out Of the
earnings Of the company this year. on
the day OF the announcement Of the
dividend on Lanston the stock advanced
twO points. but has since fallen back To
some extent The stock has been very
active all the week. and viii probably
continue for some time 10 come Il
Is low priced stock ana with reason
able surety Of n . per cent dividend ig
specially tempting TO investors.
Greene-Cananea Booms.
The activity Of the week IN Greene
Cananea IS due chiefly to the better out
look for copper stocks on the New York
curb. and the sale OF 1.150 shares here
during the week is the uncoverlng OF
stock that has been held for rise.
Several OF the bank stocks during the
week have been marked from 50 70 s.
share. The demand for them has
been good. and the desire on the part
Of investors 20 obtain them Is due
largely 10 the increased business OF the
banks through the summer months and
the assurance that all Of them VIII
come through the year with better bal
ance sheets than ever before In their
history.
There IS daily proof OF plenty or
money to invest In local securities. and
the outlook for the market for the rest
of the year is particularly rosy at this
time.