The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1917-01-05
CAPITAL TRACTION ODD
LOTS IN. DEMAND.
MergenthaIer Linotype Stock
Weak-AII Sales Recorded
Are in Small Quantities.
HambIeton & Co. to Enter
Banking and Brokerage Bus
mess Here.

Odd lots of Capital Traction stock
were in demand on the Washington
Stock Exchange today. a total Of IS
shares changing hands at s3%. This
compares with SS1k as the last previous
sale Of the stock. Mergenthaler Limo
type stock was weak, sales aggregat-
ing q shares being recorded at 1874
and 167.
The stock closed with 1854 bid and
1871 asked. Six shares Of Lanston
Monotype stock brought 73%. Practical
"ly all stock sales recorded were in
small lots, indicating purely investment
business. Fifteen shares Of American
Graphophone common stock sold at l64.
the first deal in this stock for some
time. The last previous sale Of the
stock was at 10. The bid for the pre-
ferred stock was lowered to l62 with
the offering, 1865
Bond transactions were confined to
a $500 Traction IS at 107 and full
bond at the same figure, and two Po-
tomac Consolidated SIS at 1O1 q.
Another banking and brokerage or
ganization Is to enter the Washing
ton field tomorrow when Hambleton
& Co., investment bankers of Balti-
more and New York will open a
branch office here in the Southern
building. Daniel H. McKnew is to
be manager of the Washington office,
Associated with him will be- Sylvanus
Stokes, jr.
American Can Company enjoyed the
most prosperous year in its history
during 1916, with total earnings es-
timated at $4,000, 900. After allow
- q Inn
charges on the same basis as for the
previous year there would remain
balance of $5,600,0 900, equivalent to
1915 per cent, for the $41 ,233, 800 com
mon stock, after providing for the
per cent dividend on the preferred.
American Steel FoundrIes broke all
records for shipments both OF equip
ment and she'll forgings during De-
cember, despite difficulties resulting
from the car shortage. Earnings for
the month will doubtless show a sub
stantial increase over any previous
ious month in the history of the com
Investigation OF the reported can
collation. OF 500. 000, 900 in she'll con-
tracts reveals that none of the lead
ing companies engaged in manufac-
ture OF shells has received notice from
the British government Of intention
to abrogate contracts, says the Wall
Street Journal.
Most of these contracts are can
ceIlable only in the event of failure
to fulfill their terms. As the leading
concerns having such contracts are
nearly all on time with their deliv-
cries. and those that have expert
enced delays for one reason or an
other are fast catching up their
shortages, no fear is felt by their
management regarding cancellations.
After allowing 800 a share for
it's preferred stock, Studebaker Cor
poration closed the year with an &C.
tual asset value of 500 a share behind
its common stock. This asset value
includes no valuation OF goodwill and
patents which are carried on the
company's books at S1e,s07, 276, and
are admittedly OF substantial value.
This value compares with SIS a De-
cember, 1915, and $50 in 1914. The
company earned $10,000,0 900 In 1916,
or 80 per cent on its common stock.