The Washington times., 1909-01-17
LOCAL SECURITIES
INVITE INYESTNE
Year of Good Earnings, With
Stocks Very Strongly
Held.
WEEK. BANK NEWS
CAUSED SOME TRADE
High Grade Local Bonds Are
Especially Inviting to Con-
SeTYativeS.

Local security conditions have not
changed much during the past week
nor is there any indication Of anything
but favorable conditions in the m
mediate future.
Business has been just a bit unsettled
through the shifting OF influential Off
Gals Of certain banks 10 other fiscal
institutions, and an alignment Of in
[ terests elsewhere that has not. as yet,
/ beer completed. The. result OF the
changes in the roster of the National
metropolitan and Commercial National
Banks viii mean considerable activity
In both these stocks until such time g
there has been Teadjustment of hold
lngs, without much chance Of materia
1 changes In values Of either
Bank Stocks Valuable.
Bank stocks have come to be valuable
and conservative investments for peo-
pie who are willing TO make safety and
moderate returns a consideration. Ike
banks of this city are finding ready
loans at basis Of about per cent,
while New York bankers are seeking
borrowers up and down at much lower
rates
Public utility corporations will have
their reports before the House Of Rep
resentatives in the next few days. II
is known that the traction GONNA mics
year for good gains. The Washington
Gas Company will show an increase Of
perhaps $l5O,000 in earnings ara Of
course a corresponding increase in the
big fat surplus that will some day be
distributed to the patient stockholders
The argument is plain. Public utilities
are a. SAFE and good investment. and
Gas stO1 TX should do well despite a dis
position 10 exact q better quality of
iliuminant and fuel, the e-laction beirR
no hardship and not making material
increases In expenses.
fractions Higher.
The prices of Capital Traction and
Washington Railway and Electric are
higher than they were a week ago-alI
are likely 10 be higher next week, as
there is an Investment demand and the
people who have the stock are NOT
local investments are widely held the
holders are interested iH the future of
Washington and believe I'm the Prop
critics and in the management
Moreover the bonds of both con pa
Mes, the Traction 5s and the Railway
s, are sure TO move TO a higher range.
when IL is considered this class Of IN
vestments is held by investors at much
higher prices than those current in OUT
market. " ashlngtOn IS should be
selling on basis OF par, at least. The
os OF the Traction Company advanced
this week 10 1853, which is the high on
this movement. On the basis OF par for
the As. they should be selling at 100
They are excellent Investments at
present prices
Very careful investors continue TO
PICK nap meTgentlaler around Uld-Us.
Gas Stock Supported.
Gas stock has been well supported.
insiders. knowing that eventually there
viii be q distribution Of the big sur
plus, have been locking it away, and it
has been well supported. despite UNI
pleasant prominence To certain more or
less reprehensiblc practices in the man
fracture or gas, and probability OF
lower prices to consumers. All Of which
cuts no ice with the ability OF the com
pany 20 maintain dividends
Bank stocks. fractions, and gas shares.
with the high grade bonds. viii always
be lead on this market-alw ways fav-
OTites.
Developments OF Importance are e,l-
Dected Ia connection with banking In
terests.
U. s. Savings Officers.
The board Of directors of the United
States Sav gs Bank elected the follow
ing officers for the ensuing year: Pres
ident. James J.. Kau-Ick: first vice pres
ident, James NJ. Baker second vice
president, Daniel Thew Wright: cashier
George 4. Slaybaughs secretary, James
p. LaCkeyr assistant secretary, Henry
NJ. Browning. counsel. Charles a. Doug
las and 4. F. l. LeCkie.
Only one change was made i'm the or /
gauiZauOU. and that was the election Of /
Mr.. SlHybaugh as cashier, TO succeed [
John q. Athey. Mr.. Slaybaugh was at /
one time with the Columbia National /
Bank for five years.
The Washington Railway and Electric (
Company and subordinate corporations /
have elected an the old directors