The Sunday herald and weekly national intelligencer., 1891-05-24
THELOCALSTOCK MARKET.
HE TRANSACTIONS on THE BOARD
CoNTINUE SMALL.
Street Railroad stocks Depressed and
Lower-Graphophon Stock Stronger
and in Good Demand-Renewed Ac-
tivity Predicted in Gas Stock.

The aggregate of transactions on the local
stock board last week was but of moderate
proportions Columbia Bank stock changed
hands to the extent of 20 shares, 10 of which
brought 1541 and 10 1874, with no stock offer
ing below l5S, and $50 the best bid. There
are rumors of sn increase in the dividend on
this stock, but they are not sufficiently def
mite to warrant the assurance that the result
will justify the anticipation. For 8 shares of
Traders Bank stock 116 was paid Consider
ing the fact that 100 has been paid in on this
security, and that the bank is we'll managed
and making some money and likely to do
much better in the new location shortly to be
occupied, where the successful banking firm
Of Lewis johnson & Co. has for SO many
years done so prosperously, this must be re-
garded as very low price for the stock. At
the close 115 was bid, and no stock offering
below lis. The offerings of Lincoln Bank
stock on the board are but small. The only
sale was OF shares at 102, the closing bid
bank continues to prosper, the deposits last
week having reached S55S,0QQ, the highest in
its brief but prosperous career.
Railroad stocks are depressed and to large
degree neglected. Georgetown and Tennaliy-
town, after having few weeks ago sold up to
6S for 10 shares, sold down to IS, closing 5S
bid with offerings at 81. For lexington Rail-
The depression in Metropolitan Railroad stock
continues, without transactions. The best bid
was los, the lowest offering 109s.
The disposition to sell insurance stocks at
their present depressed values continues. For
Riggs 50 was paid for 200 shares; 100 Peoples
brought SIG; 100 Lincoln, 5s 10 National
Union, 1ss, and 2o0 Commercial Al. All of
these Investments should show good profits
when business assumes its normal activity
The demand for Graphophone stock is good,
but transactions are still limited by the small
offerings. The sales were shares at 81 and
13 at st. For 100 Ct was bid and 100 offered
at63. The directors of this company are ac-
lively engaged in making arrangements to
put the business into prosperous shape. Over
lures from the Edison Company have been
met in friendly spirit and the outcome, it is
believed, will prove of Importance to both cor
porations.
A fresh movement in Washington Gas stock,
1t is believed, is taking shape and better prices
are predicted. The sales were very light.
For shares A was paid; 25 brought 432.
The closing bid was 43i, with A the lowest
Offering. The transactions in Electric Light
ing stock continue small by reason of the
meager offerings. But 10 shares were sold
1t brought 1649. The closing bid was 159,
with a small offering at 165.
American Security and Trust stock con-
tinues in good demand with but small offer
ings. For 20 shares 79s was realized The
lowest offering on Saturday was at 81. The
only sale of Washington Loan and Trust
stock last week was of 10 shares at 964, with
962 the lowest offering.
The demand for Gas bonds continues good.
The convertible 6's brought 134 for 900. Frac-
tional rights, interchangeable for the bonds,
sold for 135.
The local money market continues easy,
and loans on the best collaterals on good
margins in large amounts can be made at
and per cent.