The Sunday herald and weekly national intelligencer., 1891-06-14
THELOCAL STOCK MARK
AN UNUSUALLY DULL WEEK ON
THE EXCHANGE.
Metropolitan Railroad Higher, with g
Still Further Important Advance in
the 0uotations-A Big Sale of Local
Securities at Auction.

Business continues dull and the transactions
few and unimportant on the local Stock Ex-
change. But for the sale of $4,000 United
States registered 4's, which brought 11ss, the
aggregate for the week would have been much
below the average Washington Gas stock
showed a little less strength; IS shares brought
44a, % Az, 25, Al, and 25 al. The closing
bid was AT, and 45 the lowest offering to
sell; For 500 Gas bonds, series B, 130 was
paid. Seven hundred dollars Gas conyertibles
brought 1884,
Ihere was a stronger market for American
Security and Trust stock; z shares brought
9Oa, with 80 paid In, 20 9O2, after which 10
shares brought OIL.
Washington Loan and Trust stock is hold
Ing Its own very well, too, 90 shares bringing
963. Good accounts are heard of this COM
pany, the undivided profits footing up 6
handsome sum. The demand deposits re-
ceiyed some important accessions recently
for which the institution pays but per cent
and receives return of rarely less than A. on
call, on good collaterals.
The advance In Metropolitan Railroad stock,
which the readers of THE HERALD were led to
expect, still continues. About three weeks
ago the stock sold at 81. The bid was yester-
day advanced to 112 and the lowest offerine
at 100. There was no Metropolitan sold last
week. the difference between the ideas of the
buyers and sellers being too wide to permit
transactions.
The depression in Belt Railroad stock con-
tinues. On Friday 90 shares sold at as. The
closing bid Saturday was "A, the lowest offer
to sell at47!.
Riggs Insurance stock remains dull; 200
shares brought 8. The closing bid was 8. with
no offerings Commercial Insurance stock is
stronger, 100 shares bringing 4a, with no stock
for sale at the close.
There is an improving tendency manifest in
Chesapeake and Potomac Telegraph stock.
The offerings are light. But 8 shares were
sold last week; 1T brought 81. About two
months ago this stock sold as low rs IS. The
closing Offering was at 65, but it would be
uifhcult TO buy 100 shares without advancing
the price to 20.
L he sales Tor the week of bank stocks were
2 Traders National at 115 and 10 at III; 80
West End at 1901 and 10 at 100. At the close
there was no West End Offering and the bid
on Traders had advanced to IlS. with 1907
asked. The only other sale Of local stocks or
the board was of 100 Pneumatic Gun Carriage
at IS cents per share.
Outside of the stock board the financial
event of the week was the sale of local stocks
On on Friday, at l O'Clock, by the new firm OF
this was their initial effort, the success of the
Offering was such as to place this firm in the
fore rank OF sellers In this difficult branch Of
the auction business. In addition to having
the stocks thoroughly advertised and to
having AuauCldl people personally invited Dy
circular, the members of the Stock Exchange
were requested to be present, and before the
bidding was begun the large company In at
tendance were cordially invited to accept the
hospitality of the firm by partaking of deli
cate but none the less substantial lunch of
cold yiands and cooling drinks. Thus when
every one was in good humor with himself
and In mood to please the firm if possible
the business of the afternoon was begun
Ihe Following were the stocks which were
Knocked down to the highest respective
bidders, many OF them great bargains, some
OF the District bonds being especially low,
viz, $4,000 1901 Z per cent. Water bonds,
which a year ago sold for 1891, brought
1877, and $1,000 1908 per cent
Water bonds, which last August brought
l403, was allowed to go for 129. These bonde
are rarely for sale and command high
prices. Washington Gas stock for 102 shares
brought AZ; 20 Central National bank, 80; Is
Citizens National, 1S1; 81, 800 Washington and
Georgetown Railroad bonds, series of 1890,
l074; 10 do, series 1889, 1851; Washington
Market Company Improvement bonds, Il9t:
$50 Light Infantry 6's, 1909; % shares Farmers
and Mechanics National Bank, 1871; 10 shares
Washington and Georgetown Railroad stock.
2l5; 80 Belt Railroad, 475; 75 National Union
Insurance, 10; 100 do, 18s; 20 Arlington In-
surance, l8O 800 Riggs Insurance, 81; 12S
Commercial Insurance, AZ; 10 United States
Electric stock, 1923; 81 Washington Market
stock, 49,; 10 Great Falls Ice stock, 1854; 3
Columbia Bank, 1864: lexington Railroad,
5Os; Georgetown Gas stock, 81; 100 Columbia
Insurance, 10; SO shares Belt Railroad, AT; 10
shares Columbia National Bank, 1861; %
Georgetown and Tenleytown Railroad, So; 100
washington Gas stock, 40; so do, 44s; 10 Far
mers' and Mechanics National Bank 1877, and
SUO shares OF franklin Insurance stock, 565