The Sunday herald and weekly national intelligencer., 1891-12-06

There was gratifying increase both in
the volume Of business and in the number of
securities changing hands last week In the
local Stock Exchange. much larger busi-
ness was done in Washington Gas stock than
has been usual for several months: 25 sbares
brought 412, 122, 415, and IS shares %. The
closing bid was 414, the lowest Offering at
423 "'
Inc rise In Washington Loan and Trust
stock appeared to culminate on Wednesdav
when 80 shares brought ITO. The next dav,
IN the absence OF Il leading supporter of the
STOCK, shares sold down to 1OSs, and on Fri
1ay Uy ~ shares were allowed to go for 1OSs.
On Saturday there were no sales. The clos
ing bid was 1851, with a small Offering at 1oSa
There is little disposition to meet the decline
by allowing the stock to 90 at present ouota
tlons In fact, the absence of leading buver
appears to have been made the occasion Of a
feeble attempt to lower the quotations with
the view of recovering stock which II was be-
neyed would soon attain a much higher
value. HIhe entrance of the American Sc
curity and Trust Company into its new build
ing has ELECTED warm congratulations from
Ine numerous visitors who have flocked to
view the premises, and the improved ouota
tions on the stock seems to emphasize the
wisdom OF the board of directors in securing
such handsome and substantial facilities at
@ such moderate outlay. On November. the
Sotn, In tne pest bid for the stock was 1O6. On
the 3Oth 25 shares sold for 1O9, and on Satur
day round lot Of 50 shares brought ITO. the
highest price yet attained.
Ihere was quite an increase in the number
OF sales OF bank stocks last week, though the
prices were not such as the sellers had hoped
to realize, but the chief feature of the
selling was the fact that all the shares were OF
non-dlVidend paying institutions. For 10
shares OF Traders National, but ia was
realized, Just six points below the paid-in
value OF the stock, which is 100. 1t goes
without saying that as this is we'll managed
and dividend earning institution, its price
was most inadequate. The same remarks may
De applied with equal force to both the
Lincoln and West End bank stocks. OF
Lincoln, Ia shares brought 100, 1901, and
IL but 99s. For West End but 96i was
realized for 10 shares American Grapbophone
stock stlil continues neglected. For ITO
shares but st was paid The closing bid was
at 5, the lowest Offering at g.
There were no sales of Electric Lighting
stock last week. The offerings of this stock
are very meagre; probably not over 10 shares
could be found at 1885, the price at which it is
Tor sale. The receipts of the company were
beyond precedent last month, and there was
some expectation that the board OF directors
which met last Tuesday would make an in
crease In the regular dividend to 10 per cent.
per annum; but as a leading member remarked
1t was thought best ''not to fiaunt red flag
IN the face OF Congress 80 soon to assemble"
for, although the company is working under
a remuneratiye three years contract for street
lighting, there is always some favor or other
to be asked of the National Legislature.
The sales not specially the subject of COM
ment were 5000 Metropolitan Railroad Con-
vertible 6s at 1194, 537 shares OF Commercial
Insurance at AZ, and 10 shares at 5; $500 U.
). Electric conyertible 5s at 1071; 400 Ecking-
ton 6s at 95 and l 200 at 96; 1000 First Mort
gage Chesapeake and Potomac Telephone 5s
Georgetown Convertible Is at 140; so Colum-
bia Title at 69, 110 Pneumatic Gun Carriage
at 80, lC0 National Union Insurance at IS and
80 shares at 18t; Is shares Of Great Falls Ice
stock at $50, 20 Riggs Insurance at 81, share
Washington and Georgetown Railroad stock
at225, and $50 3o5 d. G. bonds at 113l.