The Sunday herald and weekly national intelligencer., 1891-12-27


Notices.
The feature of the week in the local stock
market was the unusually large transactions
in Pneumatic Gun Carriage stock. In all
2,0l2 shares changed hands. Although the
sellers were numerous, one buyer took all
that was offered. The details are as follows
300 shares brought 60 cents; 800, 65; 100, 20;
1,012, 75c, and 300, 81. There was ap-
parently no special motive prompting the pur-
chases, save that the buyer had already ac-
quired 500 shares of the same stock at the
lowest price at which 1t was ever known to
sell, and it was doubtless thought q wise
move to acquire all the stock known to be for
sale at an average approximate valuation. AT
the close of the week there is some inquiry for
this stock, with indications of an improve
ment in the price. The closing bid was rs
cents, with of dollar asked
There was much larger business last week
than usual in Washington and Georgetown
Railroad stock. The sales aggregated 33
shares, % shares at 22S, at 225 and 5 shares
at 227. The closing bid was 227 with the offer-
ing at 250. For 500 Convertible Washington
and Georgetown 6s 40 was paid.
The transactions in bank stocks continue
small. Lincoln National showed unusual
strength, 10 shares selling at 103, with 104 bid
at the close. For shares of Central National
but 3009 was paid and for more 30O3. Just
on the eve of the dividend of not less than 81
per share the above prices are thought to be
low, although but few persons can afford to
accept so small a return on such an invest
ment and wait perhaps years for the enhanced
return, which, being unlocked for events
must surely eventually follow
There is disposition developing to give
the present generation better returns for their
Investments in local stocks than heretofore,
and there are lively hopes that the Second Ma
tional and Columbia National Banks may fol-
low the example of the National Metropolitan
Bank and each increase its January dividends
to the rate of 10 per cent. per annum likewise.
The surplus and undivided profits of each Of
the institutions named are ample to justify
the increase. In the case of the Columbia,
which makes its dividend quarterly, the In
crease would be but 50, 800, and for the Second
National but 81, $50.
Among the agreeable surprises of the week
was the announcement of semi-annual divi-
dend of per cent. by the Commercial Insur-
ance Company. This move was received in
some quarters as Of questionable wisdom, but
as the welfare of the company, it is believed,
will be promoted by the improved quotations
resulting for its stock, time alone can deter
mine the good or bad policy Of this act of the
directors. 1t was thought the public might
be deferred from placing insurance in com
pany whose stock was selling under par The
books OF the company will remain open until
January 4 and then remain closed for one
week. On Saturday so shares of Commercial
sold for $5, the full par value, and this price
was bid for 100 shares more.
There is some inquiry for Peoples Insurance
stock. Privately 100 shares sold for Ct and
on Saturday a fractional lot brought 6i.
This company has met with phenomenal sue
cess due in large part to the energy of its Off
GERS and directors as we'll as to its favorable
location on Capitol Hill, where the esprit dlt
corps of the natives is enlisted to promote the
prosperity of home institution. But two
years ago this month, its first policy was
issued. Since which time it has accumulated
surplus of $21 900 on capital of 100000,
equal to 1Ot per cent. For the month of
November the premiums on new insurance of
the company reached nearly $500, and the re-
newals also nearly $500. The receipts from
interest on mortgage loans was ST, 500 in that
month. The books for the first semi. annual
dividend closed on the 26th and the dividend
will be paid on January 5.
TheItransactions In Graphopone stock remain
unimportant. For 200 shares but $5 was paid,
and for 10, ST. There is nothing new in the
graphophone situation. The new machine is
receiving high commendation from all who
have heard it, and those interested have no
doubt that market for an instrument so per-
feet can be found foI the machines as fast as
they can be turned out. The sales not spec
tally mentioned above, were 10 shares of Wash
ington Loan and Trust stock at log, 10 shares
Washington Gas stock, at Az, and 300 Gas
bonds, Series A, at 130, 900 Light Infantry
Second Mortgage bonds at 100, and 500 NJ. S.
Registered As, at 1867 The announcement of
dividend on Traders National Bank stock
had an improving effect on it's stock This
bank will pay 2 per cent. as a half-yearly
dividend on the second day of January proxi-
mo- The bid on Saturday was 115 with 119
the lowest Offering.
FIELD is INSANE.