The Sunday herald and weekly national intelligencer., 1891-01-11

Business on the local stock market during
the past week has been unden;ably dull-in
fact, much duller than during the perilous days
OF October and November last, when the con-
ditions were so critical that a crisis seemed
| always impending, and it looked as though a
general disaster was upon us. But now, with
the danger passed and confidence restored it
was expected that the lower range of prices
would be an incentive to investors to come in
| and lively market would be the result. But
they don't come. At least they don't come in
any appreclable quantity, and, falling their ap-
pearance, the daily transactions have been ex-
ceedingly meagre and without special impor-
tance. The few that have taken advantage and
placed their orders have secured the few things
noatlng around cheap, and the next sixty days
Will no doubt show them good profit.
Like everything else requiring an exception
to make general rule, Graphophone furnishes
it in the weakness displayed and the seemingly
large amount OF it seeking market, with the
natural consequence of bringing the price
down, the recent little squirt having exhausted
itself on very limited selling. But in general
the tone of the market is decidedly improved,
and all the indications point to a higher range
of prices and an increasing activity In the near
future. The money market is easing up, the
reports from New York are highly encouraging,
and already conservative bankers are pre-
dieting plethora of money and
consequent large amount of invest
ing, with the inevitable addition of an
equally great amount of speculation. And now
that the danger seems past many worthy cit
izens agree that it has been all for the best
and, just as the thunder storm is needed to
purify the atmosphere, SO the recent financial
storm was needed to call a halt on the wild
speculation that was running riot last spring.
Besides, 1t gives some CT the aforesaid worthy
citizens chance to luXurlate in the I-told-you-
so pleasures.
1t is popular expression among some
OF the local brokers that people will buy Gas
stock when nothing else will tempt them and
hence the larger part of the sales of tho
week were made in that favorite security,
though the total only footed up 273 shares, run
ming from 40s down to 404, with slight re-
covery in tone on yesterday. The usual diyi-
dend of so cents will be paid on February 1,
and the probabilities that the price will hold
until that time at least
Electric Light also showed increasing interest
and on small sales the price advanced from 1856
to 140, with large private sales reported between
these extremes, though but 27 shares ars re-
corded on the Exchange.
Washington Loan and Trust and American
Security and Trust were equally fortu-
nate in participating in the general improve
ment, ten of the former bringing 97I
and ten more 9S, with strong
feeling that very limited amount of buying
would take up all of this stock floating around
under par, and prediction or the part of
some that in very short time it would com
mand premium. In this latter suggestion the
usual discount should be allowed for the en-
thusasm OF holders, whose wish is naturally
father to the thought One lot of so American
Security was taken up at 63 but as there
seemed an evident willingness to furnish more