The Sunday herald and weekly national intelligencer., 1891-11-22
LOCAL STOCK MARKET.
The Improvement Continues-Loan and
Trust Continues Feature.

Ine Improvement COntinueS-LOan and
Trust Continues a Feature.
There was an encouraging increase in the
volume of business last week on the local
Stock Exchange. A leading feature was the
active demand for Washington Loan and
Trust stock. The sales of this stock aggre-
gated 72 shares; 20 at 1913, 5 at 102, 10 at l03,
at 1884, 20 at 1882, 10 at 104, and at 1044.
The closing bid was 1881, with 107 the lowest
price at which any stock was offered
The Belt Line Railroad has allotted to it's
stockholders of record November 16 pro rata
$50,000 additional 5 per cent. bonds. The
scrip for this issue sold to the extent of 575
at 103; privately a smaller lot brought the
same price. There was but one sale of bank
stock. Two shares of National Metropolitan
Bank brought 266l Larger lots would readily
command more money.
The sales of insurance stocks were limited
to 100, Columbia. which was allowed to 90
for 10. Closing bid, 144; lowest offering, 154.
The sales OF Chesapeake and Potomac Tel
ephone stock were small, owing to the limited
offerings: 20 shares brought 53s. Closing bid,
81. The lowest offering was at Sc, with but
little stock in view. Holders of Chesapeake
and Potomac stock who have been anxious
over the fact that the Bell patent would ex-
pire In 1893, when, as many supposed the tele-
phone business would cease to be monopoly,
had their courage greatly revived last week
by the announcement that the patent owned
Dy Une Dell company Tor tne tranSmltter ln-
vented by Emile Berliner in 1877, and which
has been in use almost ever since, by recent
decision of the Patent Office would hold good
for fourteen years after the original Bell pat
ent shall have expired.
The patent issued on the 18th instant is
good for seventeen years. The effect on the
market value of Bell Telephone stock was
very marked. In two or three days the stock
advanced from about $50 TO oil. And it is
predicted that as the present dividends equal
Is per cent. on its par value, the stock will
gradually approach to the region Of 300. A
corresponding advance is looked for in Chesa-
peake and Potomac Telephone. There are
good reasons for the hope that the January
dividend on this stock may be at the old rate
of per cent. on the par value of 100.
There were no sales Of Electric Lighting
stock last week. The bid advanced during
the week from 140 on Tuesday to 149 on Sat
urday- The lowest offering at the close was
at l57. The stock was wanted privately at
1871 The following statement is from a
highly reliable source: SIT is understood that
the question of issuing bond or stock divi-
dend was indefinitely postponed by the unani-
nous vote of the directors of the Electric
Lighting Company"
The sales not specially mentioned were as
follows: Twenty-Five shares Washington and
Georgetown Railroad at 222, 80 Washington
Market at II, 2,400 Light Infantry rs at 80,
LOCO District Columbia 3-65 bonds at 119, and
$500 of the same at 1124 ,25 Washington 6 as Al
500 Belt Railroad bonds 1853, 1000 lexington
6s 80, and 800 of the same at 100 so Pennsyl-
yania Telephone at 90 and 100 Pneumatic
Gun Carriage at 55