The Sunday herald and weekly national intelligencer., 1890-04-20
HAIL COLUMBIA!
THE STOCK OF THE BANK IN STRONG
DEMAND.
Columbia Railroad Also Wanted-Ameri-
Security Active-Graphophone
Droops-E1ectric Light Shows Weak
ness-Telephone Improves-Bonds Flat.

The stron. tone on Columbia Bank and the
unusually large sales have been the special fea-
ture of the business during the past week, and
the amount of stock marketed and the will
ingness-nay, even eagerness-to buy more
with the strong advance in price shows not only
the satisfaction with which the buying public
have received the news of the settlement of the
question as to Mr. Warmers successor, but also
shows the growing strength of the Stock Ex-
change and the ability to readily place consid-
erabe lots of any stock. But short time ago
and sales of 100 shares Of any bank stock
in one day would have been an absolute impos-
sibilty, and would have created panic that
would have depressed prices almost beyond
recognition, but now $50 shares are taken up
in one day without dropping the price more
than one dollar, and offers to take equal
amounts at sharp advance made without
avail. The aggregate number of shares sold
were 220, representing an amount close on to
forty thousand dollars. In detail the sales
were so at $50, 100 at 49, 2S at 1872, ~ at 1924,
and Is at 1S3, with closing bid of 1923 and no
stock in sight under 1856. My prediction that
the stock will reach 200 is here recalled, and
is again repeated.
There would appear to be something In the
name of Columbia that made it popular re-
Gently, as the stock of the railroad of that name
also came in for a share of attention, 100 shares
selling at rs, and Is at 7S1-a figure almost In
credible, when it is recalled that just one year
ago it sold for less than one-third this sum.
Bell Railroad was also in strong demand, the
bid on yesterday touching $40, the high-water
mark.
Our old friend Graphophone continues to
droop, and shows the evident need OF a tonic to
carry it through bad attack of spring fever,
The sales aggregated $50 shares in varying lots,
ranging from 49, to 1884, starting the week with
one sale of 100 at the lesser figure, and closing
it with one of % at same price. Various causes
are assigned for the weakness, the principal
one being that there is strong attempt to raid
it. But as this story comes out on every drop,
it has worn and tired appearance, and is en-
titled to vacation.
That other stock OF such brilliant promise,
Electric Light, also shows unusual weakness,
sales of five lots of 10 shares each causing it to
drop from Ia to 1l2, with further offerings at
1874. The readers of the financial articles in
the excellent Sunday issue of our neighbor, the
Post, and the more recent ones in the daily
Critic, will recall the glowing promises held out
by that writer as to this stock, which do not
seem to materialiZe Villaiss remark on TAX
ing leave of Louis XIV, "Defend me from my
friends; can depend myself from my enemies" J"
would seem particularly apropos in this case,
as a stock which is doing well for its holders
does not need extravagant putting up to give it
a market This company, it is we'll known, are
doing well, and are able to do good thing by
their stockholders, and do not seek eXtravagant
newspaper adulation.
strong demand for the stock of the Amer
lean Security Company, and free buying of
all offered around $40 by gentleman whose