The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-01-03
Public Utilities Held in High
Favor by Careful
Investors.
BANK STOCKS ARE
ALL VERY INVITING
Record Gains in Deposits of Many
Leading Fiscal Inst
tutionS.

/ Washington securities are popular
! with investors these days, and the in-
! dications are favorable to a continue
! ton of the demand and also to a higher
range of values. The high prices for
| railroad and Industrial stocks on the
/ New York Exchange, has checked the
| actual investment therein. and has
! given local investors the idea that local
! securities are a bargain at present
prices.
| Public utilities are favorites. The
| street car stocks and bonds are i'm high
/ favor. Each day is an illustration to
/ the observer Of the fact that they are
! turning I'm large earnings. that they can
/ be trusted to pay dividends right along.
| and that they are safe Investments for
/ conservative investors and for estates.
Look for Good Reports.
| With che nrst of the year these com
/ panies will make their reports to Con
| gress- II - safe 20 say that the elrn-
/ ings of 1908 viii far exceed the earn -ngs
/ Of 1901 There isn't any question about
/ this as both the Capital Traction and
! Washington Railway officials admit it
/ and the Washington Gas Company may
/ be expected to pile up the profits in the
! same oId-fashioned way.
! The table Of fluctuations and sales for
/ the past week shows the liking OF in
! vestOrs for the traction stocks, and also
/ for the per cent bonds Of the Wash
! ingtOn Railway and Electric Company.
! large buying Ordes being on the market
| every day and the prices for the week
/ advancing Sharply
! The common and preferred shares Of
/ the Washington Railway and Electric
/ were also wanted and the closing was
/ near the top.
Gas Higher
! Washington Gas shares made a new
/ high on this movement duriug the week
! and met with a reaction en- reports of
! investigation Of the quality of the gas
! served consumers. The action Of the
| stock previous ID this was evidence of.
inside buying, iu anticipation OF q melon
cuttiua. The sIicins is said 10 await
| the verdict OF the Supreme Court IN the
matter of doubling caDitaI-whiCh
would n permitted take the place of
| the melon. Unless the threatened IN
EestigatiJu should result seriously, IL is
likely that Gas shares VIII continue 70
/ advance. discOunting probabilities.
Bank Stocks Favoutes.
Bank stocks have shown considerable
I
turc Some developments of Impor-
/ lance are looked for az the annual cleo
tt1ug OF January -. One reorganiza-|
tlOn for directors is likely A head OF "a
/ big institution IS to be chosen. Nego-
| tiatious for great banking cOnsoIida-
| ton are off apparently permanently
/ The demand for financial accommoda-
tlJus is a guaranteeing Of good earn
iuEs on bank stocks This class Of i'm
vestmeuts should appeal TO the perma-
neut investment seekers
Some Big Deposit Gains
Ali our banks have made good gains
/ In deposits during 1908. The Riggs Ma
/ tiouaI leads with 1921 55I. exclusive of
/ Government deposits AN increase of
/ sI2J0O00 over deposits December 26.
/ 1907
The United States Trust has increased
/ its deposits from Sl9743s.73 to S941. 43sIl
[ The National Capital Bank shows
4 t1.0806lZ, as compared with S946,7S2 a
I year ago
/ The Home Savings has deposits of
/ 81 III, 804, as compared with 81. I65. 400
/ The Union Trust Increased its de
pOslEs from $l.5lh3pJ I'm 1907 TO S1,112, 800
on December 26, 1905.
The Second National reported On like
/ date g, 1853, 900 deposits
At the Commercial National the de
posts on December p were 81. Tl6.T2l as
compared with S2,ls5.7s0 December 20
I 1901
The National City Bank deposits to-
tailed Sl.3b5,lZ for December rs. 1905. and
I 81 800, 1870 for the same date, 1907.
| The Citizens Savings Bank increased
/ deposits for the year from SI4822 20
/ 500. 626; the Fourteenth Street Savings,
from SIS. $50 TO $lsLGz7. and tho Potomac
Savings from 2i80.7O To $500, 6-1.
No Hazard
With this kind OF "A showing from
representative institutions there is but
little hazard iU taking on bank stocks
at present prices
Miscellaneous stocks and bonds have
fairly good market before them
Dividend and interest payers are worth
the money.
MRC RROWN DOTTED