The Sunday herald and weekly national intelligencer., 1891-06-07
THELOCAL STOCK MARK EFT.
THE TRANSACTIONS OF THE WEEK
NOT VERY HEAVY.
metropolitan Railroad Active, Closing
With an Advanced Bear Movement
in U. S. Electric Stock-Good Prices for
Bank Stocks-Mr. Pelouze designs
from the Exchange.


Bank Stocks-Mr. Pelouze designs
from the Exchange.
There was but moderate amount of buei-
ness in local stocks and bonds last week.
Metropolitan Railroad was again leading
feature, the sales aggregating nearly 100
shares at prices ranging from 100 to 1O11 up
to Friday. On Saturday some surprise andno
little excitement was created by leading
broker, who advanced the bid on this stock to
JOB, when the lowest Offering was at 1O6.
The previous day the stock was for sale ON
the board at 102. This stock appears to have
become steady at about 103 and there are few
persons who entertain the opinion that unless
some unexpected contingency or catastrophe
should arise, It will again sell below 100. The
managers of the Metropolitan have no fears
respecting the complete success of the storage
battery cars and claim that the cost of putting
them on the road will be but half what it has
cost on other local tramways
Washington Gas stock continues to grow
IN strength, but the transactions are limited
by the small offerings. For share AL was
paid; IL brought 45. 1t has recently trans
pired that leading local trust company has
invested In Washington Gas stock to the ex-
tent of l, ZOO shares.
The weakness in street railroad stocks con-
tinues. The sales of Belt Railroad aggregated
70 shares, all at 4S, which is, with the excep-
tiou of little lot of shares sold last week at
Az, the lowest price within many months.
Inc Belt Line is under able management, and
those who acquire the stock at the present
prices, it is believed, will reap,a rich harvest of
profit on all they are able to hold. For Is
shares of Columbia Railroad IS was paid and
10 brought &C.. This is believed to be cheap
property, as the Columbia is making money
and is very unlikely to follow the lead Of
other roads 70
provements. Probably but little additional
money will be needed for improvements, and
as soon as the earnings cease to be diverted to
betterments an increase in dividends will
be in order.
There was but one transaction is Graphic
phone stock last week, so shares being taken
by leading bear at 6, which he said closed
his short account on this stock. The lowest
offering ''of quotation 100 shares, was at
z; ten shares could have been bought at G.
The best bid for 100 shares was 81.
The offerings of U. S. Electric Lighting
STOCK are believed to be an attempt to register
low quotations. The sales were very small.
~ shares at 100 and 2 shares 1871. AT the
close 1t was offered ct 100. AS this stock
now carries 81 dividend already declared
and at the price will pay over 5 per cent per
annum as an investment, besides participating
in sundry benefits in the close future, and
after while in 30 per cent. stock dividend,
it is dangerous thing to offer to part with
in cheaper.
The Washington and Georgetown Railroad
10-40 per cent. bonds continue to be offered
at low price; 1850 were allowed to go at
LOG. For 500 convertible Washington and
Georgetown bonds 1901 was paid. Ten
shares OF the stock sold for 210, Columbia
Title Insurance stock is meeting with ready
sale whenever 1t is offered; 100 shares sold for
6i and 200 at 6s.
Washington Loan and Trust stock Is in
good demand a6u fap
10 shares brought 96 7-16; 20, 969; closing,
96s bid, and 81 asked.
Bank stocks are in good demand The
first sale of Citizens Bank stock in many
brought ITO. This price is bid for more. The
other sales OF bank stocks were Is National
Republic at275 and National Capital at 1851
An event of the week was the retirement of
Mr.. f. ii. Pelouzo from the Washington Stock
Exchange, and his consequent resignation as
secretary of that honored institution, a posi-
ton which he has filled with distinguished
ability. Although Mr. Pelouze has been an
active and energetic member of the board, it
is not unnatural that as he has been such a
persistent and consistent bear ''his
friends the enemy" on the bull side should
rejoice that so formidable a competitor
should haYe found it convenient to
retire from the field. But his retirement is SO
manifestly Sin good oIder'' that there is no
doubt that he will ''live to fight another day,n
when he shall have returned from his Euro
pean trip, which he Is said to have in contem-
plation. He will carry with him the best
wishes of many friends on the exchange. On
Saturday Mr.. Robert e. Frey was elected by
unanimous vote to succeed to the secretaryship
made vacant by Mr.. Pelouze's resignation. Mr..
Frey will doubtless fill the place with accept
ance, being amply qualified for its important
duties Mr.. b. X. Plain, SO long and favor
ably known as the head OF the house OF b. X
Plain q Co., dealers in New York stocks, hay
ing purchased Mr.. Pelouze's seat, was unani-
mously elected member of the exchange and
promises to be an active and useful addition
to the board.