The Sunday herald and weekly national intelligencer., 1890-04-13

The special features of the trading during the
week have been the strong tone of Columbia
Bank stock on the gratifying news of Mr.. War
ner's reelection to the presidency and the grow
ing weakness of Graphophone on free offerings
to sell. The first shows the effect of the con-
fidence felt in the selection of the gentleman
who has already brought the bank to its pres
ent high standard, and the second cause arises,
no doubt, from the superabundance of brilliant
promises which have as yet failed of materiali-
cation. 1t was noticeable, too, that the friends
of the bank showed their confidence by their
willingness to buy, while, per contra, the
friends of that 'sglittering generality" GRAPHIC
phone, showed an equal willingness to sell, and
with Caesar the holders of that stock may ex
claim, "Et M Brute"
When the Exchange met on Tuesday the ac
ton of the bank was then in doubt, and fifteen
shares of the stock were sold at 1854, with as
much more offered at same price with no
takers. Wednesday the matter had been de-
cided, and like the hungry trout for the sue
was eagerly taken, and the offer of Is shares of
the day previous realized 1S1. On the follow
ing day 30 shares brought 1872, and on yesterday
SO more the same price, which apparently salts
fed the purchaser, and the bid dropped to $50,
with offerings of SO shares at 1884, not avaied Of.
The transactions in Graphophone aggregated
Just 900 shares, starting with sale of 200 at
lag, and gradually dropping to one of SO shares
pressed willingness to supply reasonable
amount at small advance if desired.
Bank stocks of all kinds seemed to be special
favortes, West End coming in for the largest
share of attention. 75 shares in i've different
lots changing hands at from SS1 to SS2 per share.
Capitol Bank also showed up well, 10 going at
119 and five each at 1193@120 For 10 Citizens
175 was paid, making an advance of $40 over
last previous SALE Ten Traders brought Sc, a
loss of S5 over last sale, and 5 Bank
of Washington at 400 noted a loss of $40, and a
belief that an even lower range may be expected.
Four Second National came out on bid OF 1S5,
with an offer to take more at same price Lin
coin was in strong demand, the bid advancing
to 20, with no stock offering.
Railroad stocks were in good demand, 20
Belt bringing 674 and Is Columbia rs. George
town and Tenleytown readily secured 49s for
25, 498 for SO, and SO for 30, with an offer to
wanted, but figures too widely divergent to
and Georgetown without interest.
Both Washington Loan and Trust and Amer.
lean Security showed weakness, SIS shares of
the former scarcely bringing par, (3.5O) and
sales of 100 of the latter at 404 and IS at 40,
marking lack of strength unusual to this ia
vorite.
chroncler has spoken favorably of the Great
Falls Ice stock and suggested it as a probable
good thing to buy. The recent sales more than
bear out these statements the figures are
from $40 to $25 higher than obtained only a few
short weeks ago. The sales noted were of 10 at
210 and 10 at 215.
Other sales not already mentioned were of
21O Columbia Title Insurance at 81, so Colum-
bia Fire at 1S4, and strong bid for more; Is
Electric Light at l15, with no further offerings
at this price; 16 Chesapeake and Potomac Tele-
phone at S5I, 100 Pneumatic Gun Carriage at 7,
Us cents,) and an unusual sale of 130 Penn
sylvania Telephone at 30
A very decided improvement in the demand
for bonds caused several transactions, embrac-
ing $5, 600 U. S. As at 1921 and 81 200 at 1923;
$500 d. G. 6's of 1892 at 105. and $50 d. c. 1865
at 1872; 1000 Electric Light 2d's at 1l6, and
$500 Washington and Georgetown Railroad
bonds at 106 these latter being of the old issue,
due in 1898.
Money continues easy, and all the signs
pointing to good season and continuance
until the fall.