The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-02-14
Washington Gas Has Been
the Feature With Seven
Points Gain.
RAILWAY PREFERRED
ACTIVE AND HIGHER
Investors Favor Public Utilities
Bank Shares Firm.
Bonds Dull.

The contention has been steadily main
tanned I'm This column that Washing
ton securities should sell at higher
prices that they have not made adj
NanCgs pTOpCrtonate with the improve
mcnts with equal dividend paying stocks
and bonds on the New York Stock Elk
change or ON exchanges i'm other cities
The call of Inc Comptroller of the
Currency FOR n showing By national
banks of their condition al the close
/ of business February developed a con-
dition of affairs not unusual in Wash
inEt0U-tha banks being loaded down
With Casn-miIions OF it., practical
! Is every bank and trust company I'm the
! city showing increased deposits without
iTroportionate enlargement Of loans.
Easier Money.
Naturally with line passing of the call
/ and another not due for the next sixty
/ DAYS, money was let out of the banks
! with a little more freedom.
! Interest is necessary for successful
/ banking Investment i'm local securities
/ brings much better interest than loans
/ on Wall Street. Perhaps this was the
/ reason for the squirt that some Of the
Heading stocks made on the closing day
ar The week, after a holiday rest that
/ gut everybody IN goOd humOr and paved
/ the way for q busy closing session.
| There were other Influences. chief OF
which We're the satisfactory earnings OF
the local railroad companies and the
prospects OF The Washington Gas Com
pauy being able 10 get Just about what
/ IL wants from Congress without giving
more than it can easily stand and keep
up dividends or increase capitalization
Gas Situation.
Gas was clearly the leader during
! the week. leader in activity with -9s
shares OF the stock sold, and leados. i'm
gains with an Improvement from n. the
low. 20 7>Iz, the high and closing.
Railway preferred was also very
strong. IL sold 20 the extent Of 3G5
shares and advanced from an opening
1 AT s9is TO p good close at s05s- The COM
mon shares Of the same corporation also
rose a point with activity from the very
/ opening.
Capital D Saction strong but held so
/ FIRMLY that transactions are not uu-
/ merous.
: The public utilities named are the ia
/ voTites with investors. but the steadi-
ness in bank stocks and the moderate
.
I In q market that seems destined to grow
/ broader. There were no changes OF i'm
portancc on prices Of bank stocks other
lIdu sharp advance Of points III
/ Mon Trust stock, carrying these shares
! 10 Is0r with p firm closing AIetFopOH-
I TON and Commercial remain very steady.
[ ~ 2l9 for the former and 10 for the
latter.
/ MerEcuthajeF, q high-rlass investment
( security, rose to 2l%z during the week
/ from low of 2J55s. IT is being locked
away for permanent investments.
Bonds Not Active.
The local bond market has not been
. particularly encouraging, but prices are
. reasonably high, save for the per cents
I OF the Washington Railway and Electric
preferred. which should he selling a
/ little bette.
The closing of the market furnished
oncoura GENE IT for better prices and
more activity during the current week
The occurrence or a holiday ON Friday
checked the volume OF business