The Sunday herald and weekly national intelligencer., 1891-11-08
THE LOCAL STOCK MARKET.
Stronger Business and Better Prices Last
Week.

Week.
There was a decided improvement in the
volume of the transactions last week on she
local stock Exchange and gratifying ad-
vance of several of the leading securities.
For Washington and Georgetown Railroad
convertible bonds 195 was paid for So, 500 and
137 for 5000; in the absence of sellers the bid
was merely nominal at 1924 at the close.
Washington Gas convertible for $50 brought
1884. For 500 L. S. Electric Lighting con-
yertible SIS, ex-coupon. los was paid.
There was much larger business done in
bank stocks last week than usual. For 16
shares of the Metropolitan Bank go was paid,
an advance of 81 per share on previous sale.
This stock at anything less than 300 is likely
to prove paying investment. For 10 shares
Of West Eud National 913 was paid. There is
ready sale for this stock at about this price
with no stock Offering at the close below 103.
For 90 shares of Lincoln Bank stock the
full par value OF 100 was paid. The lowest
Offering to sell this stock was at 103 on Sa-
turday. For Columbia National bank stock
$50 was paid for Is shares. This stock will
yield per cent. clear of tax at the price paid,
and as an increase of dividend Is supposed to
be extremely probable, opportunities to buy
at $50 are not likely to occur often. The
popularity of the Columbia continues to
steadily increase.
The only sale for some time OF National
Bank of Washington stock was made last
week. 1t brought 400 for shares. The clos
ing bid was 415, lowest offering at 430.
Insurance stocks show marked improve
ment for several of the non-dividend payers;
SOC shares of Lincoln Fire brought 50. and 20
shares 53
The recent free selling of Columbia Fire In
surance stock has doubtless served to lower its
quotations. The closing bid was at Is, with
164 the lowest offering. The only sale on the
board was of 70 shares at 151.
One Of the most noteworthy events of last
week was the continued strength Of the Wash
ington Loan and Trust stock. On the closing
day Of last month the best bid was 90, at
which price several large sales were made, but
during the past week no sales were recorded
at less than 100, at which price on the board
62 shares were sold. The closing Offering was
at 103. The earnings of this company for the
last month are said to be very large.
The transactions in Washington Gas stock
were limited by small offerings. The sales
were Of shares at 421. The first sale of
Georgetown Gas stocks for many weeks was
made on Thursday lasts shares brought $50.
This company has advertised for sealed bids
for 240 shares of the stock to be sold in one
block, retaining the privilege OF rejecting
any and all bids''
There is good bidding for Chesapeake and
Potomac Telephone stock at the recent de-
cline. Closing bid 53!, the lowest offering at
60; privately, 10 shares of this stock brought
$50.
ioa4ce VI bul SaIlidSo StOSh laoO
week aggregating 500 shares, were made at 5,
best bid with offerings at T.
There was a sale of 3 shares of Real Estate
Title stock last week at 1903, and not at 1039
as enormously published.
There was largely-attended meeting on
last Tuesday at the Office Of the company of
the stockholders of theAmericsn Graphophone
Company. After remarks by Colonel Payne,
president OF the company, and several of the
stockholders, committee consisting of VIII
liam 81. Beck, j. W. Smith, William B. Cur
ley, and II. D. Mirick was appointed to rec
ommend to a subsequent meeting Of the
stockholders the best line of policy to pursue
in putting the machine on the market, and to
make such other suggestions as they may
deem advisable.