The Washington times., 1909-10-17
HOLD WELL
WITH GOOD DEMAND
LanSton Still LeadS-Bank
Shares Wanted-Greene
Cananea's Affairs.

Business In the local stock market
has not been as active during the past
week. This is partially due to the
fact that the locating supply Of secur-
titles has been greatly reduced by per
maEcnt investments and the locking up
of larcr quantity OF Washington Gas
stock. accumulated ON the late boom
Even the street railroad shares are not
offered very freely and. the offerings or
bonds are but ueHt
There is plenty OF money m Wash
.nclon and TO spare both with the ban
and investors and good investments axe
desired
oar OF a total of 7.e,9 shares sold,
OSLO were of iaustOu -IOnOtype stock.
The active leader Cased from an open
inc last Monday at 19m19lE TO a close of
1852, after t0uchin@ ISfs. The movement
IN II has been largely speculative. The
decline was 5ccssi0ued by the Iiquda-
ton OF large block Of stock. although
the taCL that aUClIcI- issue OF Sj.n0u.G coo
stock MAY have had some effect IN
bringing about this liquid alton
Because of the scarcity of Gas there
has been steady advance whenever
imperative market orders were placed
stock sold at 6yis TO ,0sf, with 102s the
close this after the closing of the books
Tor dividend payment due November T.
Greene Cananea.
Greene Cananea is again attracting
attention The stock sold at lg5s. The
company has recently acquired the In
diana-SoHora Copper Company. ar Ia
Cananea. Mexico.
The announcement covering the de
tails Of the purchase follows:
''It is officially stated that the nego-
tiations hich have been under way for
some TIM past between Phelps, Dodge
a. CO. ami the Greene Cauanea Copper
company, whereby the interests Of
Phelps, Dodge & Co. I'M the Indiana
TO the Greene Cauanea Company. have
been completed. and that the stock of
the lu'liana-SonOra VIII be exchanged
on the basis of two and one-laif shares
for one share of Greene Canauea stock
The Indiaua-Sonora has a large J0u-
mage OF ore ready TOR treatment. The
CananCa. sonora. Mexico. and adjOins
the property OF the Greene Cdnauea
Company. It consists of 405 acres, car
rEing large bur irregular ore-bodies
] he development work amounts 10
about 2o000 feet. The equipment OF the
miuc includes seven hOIsts, compressCr
plant buildings, and a uarTow-gaUge
railroad connecting the property with
the Greene company railroad il is
announced ,hat there viii DE no new
issue OF Greene CauIuea stock on ac-
count of the merger"
AT the time the above announcement
the Greene Cauauea Company had en-
tered into an agreement with the South
eru Pacific Railroad Company for the
transportation OF IFS ores. and that an
der this agreement the company VIII
effect saving of 100000 year
Bank Stocks.
There has been q good demand iu Il
small way for bank stocks. aud the ac-
ton IN two Or three instances would
seem to indicate The probability of some
increased dividends TO shareholders. So
far as known. the first or 1910 will bring
no important changes to local banks
probably no. more than one change in
pTesidencies- American Security aud
Trust and Commercial National shares
are favoTitcs at this time. but This does
not mean that ether stocks are not
strong alSG--mG cover they are not in
large supply. b vc=tOTs being satisfied
to hold for returns.
There was no particular changes in
bonds or ia stocks other than as men
toned. The cI0siuss are indicated in
The adjoining table.