The Sunday herald and weekly national intelligencer., 1890-12-07

Balance of the List Weak.
After long and waiting it has come at last,
and the holders of Gas stock are soon to be en-
rched by distribution of profits which they
have long been expecting and which comes
now opportunely to enable each and every
shareholder to be provided with little ready
cash to buy his or her Christmas presents with
The news was whispered around during the
week that such action had been decided on, and
the result is seen in the large transactions in
this one favorite security, which has been al
lowed to drag as until lately. The rumor seems
now to be generally verified that at an early
day the Gas Company will issue to each holder
of 100 shares of stock a bond for 5000 bearing
6 per cent. interest and convertible into stock
when legislation is had, allowing an increase of
capital which has become necessary by the
increasing demands upon the output of the
company. These bonds will readily command
premium, and independent of their interest
bearing capacity, will be good thing to realize
on.
The aggregate of transactions on the board
represented 759 shares, running up from 45l to
46s, while large blocks have been purchased
outside by gentlemen of wealth who evidently
know a good thing when they see it, The pre-
diction is freely made that in ordinarily easy
times in money this stock would soon run up
to 50 or even higher, and that under present
circumstances it may be expected to touch So
Coming at this time it causes lamentations
among the brokers, as only those who have
money hid away in the proverbial stocking will
be enabled to take advantage of this golden
opportunity. Buy Gas stock now seems safe
advice to offer
Electric Light stock, too, has shown with more
than ordinary brilliancy during the past week.
for although but one sale of ten shares at 145 is
recorded on the transactions of the board a
considerable amount around that figure is
known to have sold on the outside the buying
fn1-s, ol1
recently thrown over The first break in the
stock occurred on the 18th of last month, when
the sale recorded was at 143. After which it
run off to l2S. In just two weeks the loss was
more than recovered, ten shares selling at 145
no Wednesday last, and the demand for it show
ing strong faith in its future.
In railroad stocks lexington was the prip-
cipal feature, though at slightly lower prices, 5
shares selling at 59a, and 35 at SO. For 5 Wash
1ngton and Georgetown 246 was paid, and
one small sale Of 5 Georgetown and Tenally-
town at 81 completed the transactions in this
class.
The probability of second dividend in
Graphophone in January, which is reported as
an assured fact, does not seem to produce that
enthusiasm to procure it that such prospect
ordinarily would tend to do. In fact, the
closer the time the lower the stock seems to
sell, the sales during the past week represent
ing the lowest price at which it has sold in two
years Commencing with small sales at 10 it
gradually run off to III, with a total of 304
shares.
American Security and Washington Loan
and Trust were in good demand at about the
same range Of n2.;"es that mas recently prevailed
400 of the latter IN four lots bringing AZ, and
los shares of the other finding a ready market
at 624@62a, with one small lot of 5 shares at
61!, which is the only instance of this stock
selling below par.
The remainder of the transactions were of
little interest, representing 10 Lincoln Bank, at
ITO and at 112 For Second National 200
was paid with a continuing bid for more. West
End Bank was in slight demand, and two lots
of 5 and 10 were marketed at 97!@97 In
surance stocks were more than ordinarily dull,
100 Peoples going at 81 and 100 Commercial at
a.. Pneumatic Gun Carriage was strong at IS
cents, with sales of 200 at so crnts per share.
In bonds, $500 Gas, series A, brought 11S,
while $4,000, series b, went at 1194, and 81 900
more at 122. D. G. SIS of 1899 were in good de-
mand, 81 900 bringing 1094 For 5000 Masonic
Hall SIS 1867 was considered low price to pay,
as they are payable in gold, and have four
months accumulated interest.
The money market continues stringent though
there seems to be no lack Of it seeking invest
ment by those who have been waiting for lower
prices and have been boarding it up with de-
termination to buy when things reach level
that will insure profit. The orders for stocks
that are coming in now, as shown by the trans
actions on the board, by no means represents
the total amount as fully as many outside trades
among the brokers are reported as have taken
place on the Exchange, the figures generally
representing the board price.
The majority of the local stocks now quoted
have about got down to hard pan, and to those
who can buy outright and hold on few months
only that class of people should buy. Those
who must needs seek for accommodation at the
banks or elsewhere for the wherewithsl neces-
sary to pay for them would do well to curb
their desires yet little longer until 1896 is
thing of the past FRANK II. PELoUzE,
1335 Il street