The Sunday herald and weekly national intelligencer., 1891-09-13

The Improvement in the local stock market
continues and the aggregate of transactions
last week, though relatively small makes the
best showing recorded for long period.
Washington gas stock was the leading feature.
Six shares sold for 43s and 81 shares at 43s.
The closing bid was 43, with "a the lowest
Offering. The market for U. S. Electric
Lighting stock closed strong, with an adyanc-
Ing tendency and with several orders for stock
unsupplieG. The only sale on the board was
OF ten shares at 153. Outside much better
offers were made, and at the close Saturday
l55 was bid on the board and the lowest offer
ing was at 1894. There is very little of this
stock for sale, and the favorable reports cur
rent OF the large net receipts Of the company
even during the summer dulness, is stimulat-
ing the inquiries for the stock. Rumors of the
extra dividend of 33 per cent. begin to be re-
revived and the conviction is gaining ground
that this welcome balm will make its appear
ance about Christmas 1t is understood that
this bonus will be in the nature of a compen-
sation for earnings withheld when dividends
were passed and when issued will be in bonds
controvertible into stock
The first sale of Real Estate Title stock re-
corded for many months was made last week.
Ten shares brought 1881 and later were re-
sold at 129. The stock went into strong hands
and is not offered below 40. The earnings
OF this company are so large that It is ex-
tremely probable that the per cent. dividend
vii! be restored in January, when an advance
IN the sSq&k to 100 may confidently be antici-
pated. The market for American Loan and
Trust stock continues strong; 10 shares sold
at premium OF So per share over the pres
ent paid-in value, which is co. After the
last assessment shall have been made, bring
ing the par upto 100, it is believed this stock
% hand
pecially if such dividend as can be declared
should be made
There are still few week holders of WASH
ington Loan and Trust stock who occasionally
come to the front with enough shares to keep
the market depressed. Last week twenty
shares We're allowed to go for "a. The open
ing OF the building belonging to the company
should make it evident that the present is
just the time not to force this stock on the
market.
Although the only sale of insurance stock
on the board was that of shares of Arling-
ton at It's, there is a good inquiry for the
stock of several of the best companies with
decidedly advancing tendency in several of
them. From the inquiry for Firemen's Insur-
ance stock and the higher quotations it seems
way to be appreciated. The bid price has ad-
vanced to so, with 60 the lowest Offering
When 1t is remembered that few Of our in
surance stocks pay per cent. on their mar
ket Value, ana that flremen's will pay that
per cent. on 75, the large room for big
advance even over the present asking price of
60 will be appreciated.
The advancing tendency and 1irmness in
the New York market continue to have a
beneficial influence on our home market A
pleasant reflection is the fact that for once
the public are emphaticaily sin it," Usually
when the losses have been heaviest il was the
"poor public'' who had to bear the heaviest
share of the burden, and sometimes the losses
were so heavy that it was years before they
could recover