The Sunday herald and weekly national intelligencer., 1890-10-26

exceedingly dull, the majority of the business
being made by the room traders, who INDUCED
in the pleasant occupation of scalping one an
other whenever the chance offered-and being
scalped in turn. Owing to the fact that several
of the members are on the "short" side in hair
though "long' in stocks-the operation was
in some cases quite painful The public are in
it, but generally on the selling side of the
market, the signs Of liquidation by number OF
unfortunates who are unable to hold on any
longer being very apparent. Amid the general
depression there looms up like oasis in the
hot sandy desert of barrenness one or two
stocks whose strength becomes marked by con-
trast-the American Security and Washington
Loan and Trust showing considerable improve
ment over the previous weeks figures, ten
shares of the former bringing 671, with strong
continuing bid of 81, representing premium Of
S. over the amount paid in, and 100 Of the
Washington securing AZ.
Gas stock again came into the market and
showed the strong confidence still existing in
this favorite security, though naturally it fol
lowed the general trend and shrunk little on
too free offerings. The sales in detail were 10
at4S, 20at473, 25 AT and 25 at 463, with large
private sales at ~.
In bank stocks Traders secured the most at
tention, 81 shares in six lots bringing 1876, while
an odd lot of brought but 1244 For 20 Co
lumbia ia was paid, marking loss of but 81 25
over last sale Three Capital started at 120 and
Railroad stocks were dull, the single sale re-
corded being one of 20 lexington at Cog. Pri-
vate sales of several of them around market
prices are reported.
After vacation OF one week GraphOphOne
returnedto the MARKET but showing rather the
i'll effects of idleness than the improvement ex-
pected. Early in the week it showed up strong
around Is, and small lots of 25-share sizes were
marketed at that price, but later on rather free
offerings exposed its weakness and the week
closed with sales at 1439144 and lack of
support from many ardent but cautious ad-
mirers, the support generally coming from the
pronounced 'bears'' this stock Private
sales of large blocks at Is are known to have
been made late in the week and options at same
price freely given. 1t is matter of great sur
prise that stock paying percent. on its pres
ent market price should go a-begging, but
owing to scarcity of money or from some
cause the sad and solemn fact exists.
Other sales comprised 100 Peoples Fire In
surance at 81, $1,000 first mortage bond of the
Washington Market Company at 100, and 5000
of the w. 81 G.. h. r. Co. rights at 100, to-
gether with 100 shares Bull Run Panorama
stock at $50, this figure being the lowest price
at which it has ever sold, and marking a tre-
mendous drop from prices paid few years ago.
The money market rules somewhat frmer,
the rate for call loans on stock collaterals be-
ing per cent. Time loans at same rate are
also firm, with no special anxiety on the part of
the banks to seek them. Some parties assert
that they have been able to secure all the time
accommodations desired, but among the rank
and file of borrowers complaint is still heard of
the scarcity of time money, even on choice
collateral good paper. AS next month
will be the time for the payment of taxes
the prospect of any Improvement is dou btful
and return of the good old times enjoyed last
spring, when lenders were seeking borrowers
is not expected until after the first of the new
year. Good times ahead, and all that Is
needed is a reasonable amount of prudence and
confidence in the future. and the present strin-
gency will give place to an improvement made
better by the trials of to-day.
Into each life some rain must fall,
Some days be dark and dreary."
Notes and Comments.
The first annual meeting of the stockholders
of the American Security and Trust Company
was held at the Office of the company, in Alex
andra, on Monday last, and was largely at
tended by stockholders from this city and Phil
adelphia, 10,454 shares of the $500 being rep
resented either in person or by proxy, and was
in every way most satisfactory and gratifying.
The report of the board of directors for the ten
months of operation showed the gross profits to
be SAT, .02, representing gain of 1929 per
cent. on the installments of capital paid In
The deposits of the company, on which interest is
paid, amount to $260,000 The fire-proof stor
age warehouse after one months work. was
paying all operating expenses The resolutions
necessary for the incorporation of the company
under the act of Congress of October l, $780,
were unanimously passed, and the old board
was reelected. The stockholders also voted to
purchase for their future home the property on
street, between Fourteenth and Fifteenth
streets, now occupied by the National Tri-
bune office, and being 80 feet front by 100 feet
deep, at cost of $2350 per square foot. The
location is deemed among the most eligible iii
the city for financial institution. dividend
of 2 per cent. the stock will shortly be
made, and the 35 per cent. necessary to make
it full paid called for as required by the recent
law.
X X h
Recent reports from New York regarding the
future of the Merganthaler Company are most
encouraging, the statement being made that
something like two hundred machines are now
in process of construction, and as soon as
finished will be used to supply orders now In for
fully that number. The factory at Brooklyn is
working hard, and it is hoped that before the
end Of the year this entire number will be com
pleted and in working operation. This will be
good news to many holders Of the stock who
are much inclined to feel Respondent when they
see the bid on Merganthaler nearly eight dollars
below the amount paid in and Topographic
selling at four dollars less than its par value.
X X 4
At the recent meeting of the Pneumatic Gun
Carriage Company the presidents statement
showed a very satisfactory condition and