The Sunday herald and weekly national intelligencer., 1890-06-08


That "a good name is rather to be desired
than great riches" was no doubt prominent
idea in the minds of the incorporators of both
the Lincoln Bank and Insurance companies
when the selection of name for these institu-
tions was being discussed. And the wonderful
success of both enterprises has proved the wis
dom of the selection and adds additional lustre
to a name already great in the annals of our
nations history The success of the bank has
been one of the surprises of the year, and the
active manner in which the insurance company
starts off gives notice to its older competitors
that 1t intends to be no laggard in the race for
public favor and patronage.
The bid on Lincoln Bank has been steadily
made at 96, (an advance of SIG over the amount
paid in,) and some few small sales have been
recorded at this figure and better, but not until
Tuesday last has there been any amount of the
stock offered. On that day thirty shares found
ready market at 96, while five shares brought
an advance of SO cents. Daily thereafter the
bid has been made to pay &c for more, with no
stock Offering. Traders Bank has shown some
renewed life, and slight advance is noted on
the prices paid. Two small lots aggregating /
shares brought LOG in the early part of the week,
while on yesterday the bid advanced to 1O7,
with no stock in sight. The balance of the
banks were without special change prices con-
tinung strong with but little Offering.
Lincoln Insurance stock absorbed SO much of
the interest in that class of securities that the
balance were considerably neglected, the sales
in one day of that new favorte amounting to
1,245 shares, of which 525 brought 81 and the
balance So, with bold offer by bold operator
to take all or any part of the entire capital
stock at the former figure. Early in the week
200 more found purchaser at 81 Peoples
Insurance showed weakness, 200 shares selling
at 81, or less than last previous quotations.
For 10 Riggs was paid, and larger quantities
freely offered at same price, with no takers.
Columbia Fire was slightly weaker, with sales
of 1O4 at 1S5, at 1871, and 20 at 1S4, closing
with frmer tone at the end of the week
Columbia Title Insurance strengthened a little,
with sales of 215 at 81 and 100 at Z, and
closing bid of the latter figure.
Railroad stocks showed weakness in spots,
Belt and lexington suffering more particu
larly, 20 of the latter selling at TO- or loss of
S. over previous sales while Is Belt secured
the same price, losing 50 over last previous
sale. Privately 100 shares were placed at SO to
one party. For one share Washington and
Georgetown 3014 was paid, realizing the high
est price yet reached by this high class invest
ment.
That old. time fayorte, Gas stock, seems to
be again attracting attention, and with feel
ing that no adverse legislation is now probable
during this session, the demand is steadily
growing, and .as there is but little stock offer
ing the price increases with the demand. The
sales aggregated It's shares, running from 4S to
All on a downward scale of prices, though an
offer of 475 for so shares on yesterday did not
SECURE the stock
Apparently there is feeling of confidence in
the future of our Illuminating enterprises, and
Electric Light kept pace with the advance on
Gas stock, five shares selling at 1927 and % at
1885, with closing bid of 1881 on yesterday. 1t
is known that large private sales of this stock
were made early in the week, one block of 200
shares bringing 13O
Telephone showed an improvement over the
previous week, three lots, aggregating % shares,
bringing 74!, an advance of just one dollar over
last quotations, while willingness to take more
at same price showed the continued confidence
of the friends of this but recently-depressed Sc
curty.
Can such things be? But "a shares GRAPHIC
phone selling in one week, and that bringing
but 123! Shades of the immortal past, of the
bright and glorious past, when this gitterng
speculation was in active demand at S25! "Ye
that have tears prepare to shed them now ~
And it may be remarked incidentally that
quite large number of purchasers in those
olden days at that figure are shedding few of
them just now, and are loudly lamenting their
unfortunate investment. (?) And yet they said
that this writer was inimical to the company,
was in fact, a ''bear' on the stock, because he
did not throw up his hat and hurrah over the
brilliant future in store for those who bought
1t is now in order for those who have the stock
at those figures to do little hurrahing-if they
feel ia the humor for it. But let us draw
veil over this sad subject.
FRANK III. PELoUZE, 1885 street.
story gained circulation among naval men