The Sunday herald and weekly national intelligencer., 1891-01-18

feeling over anything that has existed for some
months past, and the increasing amount of
business was very good indication that money
was growing very much easier and that conf
dence was being rapidly restored The reports
from New York continue encouraging, the
weekly report of the banks showing a better
condition of affairs than has been presented on
any one day for two years past, the vast amount
Of money in hand being the best evidence OF re-
turning confidence and the general belief that
all fears of crisis had passed and the future
gave promise of good times. The legislation
regarding silver has q somewhat disquieting
effect, but nevertheless the conviction is rapidly
growing that the worst is over and a higher
range of prices may soon be expected.
Locally the feeling is daily improving, as
shown by the larger sales of all those securities
holding the confidence of the public, that old
favorite, Gas stock, especially finding ready
market in large quantities at the highest prices
ruling since the 1st of November last, GAL shares
selling at from 40s including the dividend of
so cents due February l to 395 exclusive of
the same, with the greater part of it bringing
40, in two cases in lots of 100 and 125 shares
each. AS at this price it is but net per cent.
investment it goes to show that there is no lack
of money ready TO go into good things, and at
price that brings but moderate return, for
while present ruling rates are somewhat better
than this it is believed that with the usual re-
5 per cent. return investment will be considered
gilt-edged, and wise people are taking time by
the proverbial forelock, and are placing their
surplus funds now.
Bonds, too, were in good demand, the sales in
this class exceeding largely the aggreg ate for
some time past. In D. G. 365's one lot of
81, 900 readily brought 1191, while 81, 900 more
secured quarter better. For 81 200 D. c. 6's
lar on the hundred was paid, aud for D. c. rs
maturing at the same time 1013 was considered
fair price for lot of 81 900. One Of the rich
est plums that has fallen for a long time
town Railroad bonds, due in in 1885,
Knocked down at premium of but fifty
cents on the hundred. These bonds bear
six per cent interest and may run until 1928, as
supposed they will be funded into the new
issue of S., ,0000 900 bonds, ycleped convertible a
term, by the way, filled with unpleasant memo
ries to those who bought last spring in that be-
lief and paid considerably more than the same
bonds can be had for now. AS 260 is to 120 so
is the difference between then and now.
The American Security stock came in for q
fair share of attention during the week, and ten
lots, aggregating 102 shares, were placed at 624@
624, the lesser figure ruling in all but one sale of
20 shares. The fact that the additional $3.50
necessary to make the stock full paid will be
called for serves to create desire while money
is close to part with it rather than meet the as
sessments. In the mean time those who are
buying now realize that they are least doing as
well now as the originally subscribers expected,
and have had the use of the money during the
stringency.
The Washington Loan and Trust was in good
demand the price advancing over previous
quotations, and but little offered, the sales rep
resenting 25 shares at 9S and5 at 80, with an ap
parently good market at 9S for large amount.
AS stated last week, this stock was becoming
very scarce under par and limited amount of
buying would take up the few small lots float
ing around, and as small orders at current
rates still remain untitled my prediction was
toler2bly correct.
lot of 10 West End selling at 80, and Lincoln
at LOG. For 12 of Traders 122 was paid an ad-
vance OF 81 per share over the amount paid in.
Insurance stocks were generally stronger
100 Commercial bringing AZ, with an offer to
take more at same price, two lots of 20 each
Lincoln selling at st, and continuing bid for
more at same figure Two small lots of Peo-
ple's, aggregating So shares, brought the same
price, and Arlington went at 40, the only one
in this class showing loss. Columbia Title
was in strong request, 30 shares selling at o.
with an offer to take one thousand shares at CT,
and general feeling that higher range of
prices may soon be expected
Railroad stocks were extremely dull, one
sale of 10 Columbia at 6S4 and one of Eek
ington at 5S9 showing the lack of interest
Washington and Georgetown showed up little
better, shares bringing 240, with small orders
at same price still pending and but little offer
ing even at better figures
The fate that befel the late lamented Mr.. Nc
Glnty, surnamed Daniel, is nothing compared
to the precpitancy with which Graphophone
seems determined to reach bottom, il 1t can be
said there is any bottom to it, as the continued
decline in price goes on with daily regularity,
and the prediction is freely expressed that the
end is not yet and that before the close of this
week even lower prices may be expected. Com
mencng with sales at liz, the week closed with
total of 5l5 shares the final sales being at
1O4, or just 25 cents above par. AS at this fig
ure on the basis of the dividends paid it is
net II per cent. investment, it would seem
to be very cheap to those buying now.
That other volatile security, Pneumatic Gun
Carriage, seems also to have lost much of its
stability, as, beginning at 80 cents for one hum
dred, 1t soon dropped to so cents for 1876, with 4
salss of 100 each at S74 cents Abetween times.
An offer to take 1000 at so cents on yesterda
however, showed that there is still considerable
vitality Left, Notwithstanding the attack made
upon it by prominent New York paper.
The local money market grows easier, accom-
modation to good borrowers being generally
granted at ruling rates, and a disposition to
make loans to which the public have for some
time been strangers prevailing.
Events of the Week.
Elections for directors by the several banks,
together with the usual lunch to stockholders,
in each case the latter receiving full attention.
The annual lunch to the depositors Of the Co
lumbia Bank and the literary accompaniment,
both receiving unlimited attention, the quality
of the latter fully equaling the quantity of the
former
The excellent article in the Star giving a full
and comprehensive statement of the recent pur-
chase by the Washington and Georgetown Rail