The Sunday herald and weekly national intelligencer., 1890-10-12

ume of transactions on the Exchange, the past
week showing considerable improv over
any previous one for several months. The buy
ing was fairly well distributed, and prices aver
aged fairly well, the gains and losses being
about equal. Railroad stocks showed the great
est weakness, Metropolitan and Washington
and Georgetown coming down with rush, the
bonds of the latter particularly losing heavily.
lexington steadied at 653@66, and Columbia
at 73@73l. Graphophone also showed weakness
at 15@15l and Riggs Insurance dropped to
Si0Ss on free selling Columbia Title Insur-
ance about held its own, while Columbia Fire
Insurance showed slight improvement over
previous sales. Columbia Bank was steady,
and West End advanced. Gas stock was in
good demand at better figures, with small offer
ings, and Gas bonds shared in the improve
ment. Electric Light was in strong demand,
1851 being paid for 100 shares. Washington
Loan and Trust changed hands at Al, its ability
to reach par not yet developing.
The sales in detail were as follows: 12 Met
ropolitan Railroad at 100, with offerings at 154
on Saturday not availed of and reports of con-
siderable private sales at even less than this fig
ure; 25 Columbia Railroad at 73 and 3S at 73l,
with the lesser price bid for more; 80 Ecking-
ton at 652 and 35 at 66, with the latter price bid
at the close; 25 Georgetown and Tennallytown
at 54!, and 2 Capitol and North at 63. In
fire insurance 200 Columbia brought III, an ad
vance of 25 cents over previous sales. One
hundred Riggs sold at 81 and 100 at 81, with
small lot of 10 at 81. For 200 Columbia Title
Insurance 63 was paid in the early part of the
week. Later 100 each brought 6s@6!, recover
ing to 6s on yesterday, with further sale of
100 shares. The only trading in bank stocks
was done in Columbia and West End, ~ of the
former bringing 1853 and 10 later 175I, while for
West End 993 and later 1O1 for 10 more was
paid. Washington Loan and Trust was
wanted at Al, the sales aggregating 536
(IropbOrhOOp Tplpnhnna
both weak, the market being purely profess
sional, the room traders alone being repre-
sented. OF the former one-time favorite but
two sales of so each at 1540I15 are noted, while
interest in this formerly active stock. Twenty
Washington Gas brought 4S, with the same Of
fer made for 100 more, and 100 Electric Light
in one block secured 1851 the fight for control
causing good demand for this stock for voting
purposes. most unusual sale was one of so
Bull Run Panorama at 223, this stock seldom
being traded in. In bonds $500 each ID. G.
3.65's brought 1225@g122s, and 81, 500 Gas bonds
121, the price in each showing
an advance. For $4,000 Washington
Market bonds running % years 115 was paid.
The trading in Washington and Georgetown
convertible (Which by the way are not converti-
ble) bonds was a decided surprise and to many
who bought last June at 225 very grievous
loss, $1,000 selling at 119, and 5000 at 100. For
the ''Rights" 50 and $40 per share was paid,
making an equivalent of ITO and 100 for the
without special note, though the low offering of
Washington and Georgetown Railroad stock at
2S2 on Thursday surprise.
Notes and Comments.
The statements Of the national banks at the
close of business on the I'd instant called for by
the Comptroller of the Currency have all been
published and make gratifying showing, By
comparison with the reports made on December
II last there is an increase of deposits of $780,
600, while the loans and discounts have only in
creased $645,000. The surplus has increased
$256,000, while the undivided profits are only
$55, 900 less, and two months yet remain to in
crease them. Advantage has been taken of the
recent high prices paid for United States bonds
to convert them into cash, and the loss there is
gained by the excess of cash on hand. The in
creased value of real estate is placed at 190000,
and the increase of capital caused by the add-
tiou of three new banks is 100000. Taking
into consideration the striugency of the money
markets of the country during the past two
months and the strong attempts made to shake
public confidence the condition of our local
banks is a subject of congratulaton to all, and
is great compliment to the wisdom and sa-
gac,y of our very excellent bank officials.
1t is learned that the surplus of the Columbia
Fire Insurance has reached n sum equal to its
capital, 100000, and it is now more than prob
able that the dividend will be increased, as it
has been generally understood that the profits
accruing over that amount will be divided up
among the shareholders.
1t is rumored that effort will be made at
the forthcoming election of the Electric Light
Company to displace some of the present eff
cient officers and elect other good men to their
places. The report is that one of the directors
aspires to the presidency and will make a strong
running for it.
1t is such an unusual thing for the stock of a
national bank to sell below par that the recent
sales of West End at 97i(099a have created
considerable surprise, and to those who paid
high premiums at the start is not a subject for
congratulation. 1t is understood that the bank
is doing good business and has reasonably
good future.
The dividend on Graphophone, recently de-
clared, and which was supposed would give it a
"boom," has failed to produce the anticipated
effect. On the contrary, the price has gone
steadily off, and the sales have been limited in
their number and at a very decided loss in
price Evidently the public are becoming
weary and fail to realize a good thing when
offered to them. The story of the man who
killed the goose that laid the golden egg finds
its prototype frequently in the stock market
The Mergenthaler stockholders are just now
rejoicing (?) in the pleasant prospect of a call
for $450 on each and every Share of their
stock. 70 the holders of this valuable security
this is not an uncommon circumstance, but lust
at present, when money is so hard to get hold
of, it does not fill them with excessive ioy
though they are assured that the money will be