The Sunday herald and weekly national intelligencer., 1891-08-23

Although the volume of business on the local
Stock Exchange still continues small there
was last week decided change for the better
The previous week there were several 0ays In
which no transactions were recorded, but for
the period now under review there were sales
each day. In railroad stocks and bonds there
were several transactions. For 10 shares of
Metropolitan Railroad ITO was paid There is
wide divergence of opinion as to the wisdom
OF buying or selling this stock. 1t is unques-
tionable that the franchises and property of
the company are of enormous value and that
the receipts of the road while Of vast proper
tions, are still on the increase, yet on the
other hand there are many men of excellent
judgment who seriously doubt the wisdom of
the expensive experiments the road is inaugu-
rating in regard to the storage battery cars
The directors of the company are fully
satisfied with their course in the premises
In railroad bonds $4,000 of the new Belt fives
changed hands at los. AS has before been re-
marked, it is believed that these securities
will prove a popular investment, and will soon
command much higher figures For ten
shares of Georgetown and Tennallytown Rail
road, 62 per share was paid. 1t is safe to saw
that the success OF this enterprise has sur
prised its most ardent projectors, and the day
10 uOJ ulbbdlb Wu6u ulVlu6uuS Will De IN OrU6r.
Washington Gas stock continues to realize
fair prices, shares brought 43l, %, 43s,
and 10, 43}. For $50 gas bond rights 12S was
paid.
Insurance stocks continue to be neglected
The only public sale was 10 Riggs at s. Sew
eral small lots of Lincoln Insurance changed
hands privately on terms not made public.
On the board was bid and 81 asked Bank
stocks were inactive the holders preferring to
retain them rather than accept the low prices
now recorded Ten shares of West End at 81
was the only transaction made on the Board.
Columbia Title Insurance stock is growing in
favor and rumors of large earnings by this
company are current. Fifty shares changed
hands at 61.
American Security and Trust stock showed
more animation than any security on the list
last week This stock has seldom sold for
more than it's paid-in value-90, but 20 shares
after selling at 93 brought when sold again
924, and at the close the bid was advanced to
"a, with 95 the lowest Offering. This, it is be-
lieved, was made to hold down the market.
The earnings of this company have recently
been phenominal, and as soon as the stock
shall have been paid up to 100 in full it will
doubtless reach very considerable premium.
1t would be well for Washington investors
who are able to pay for or carry stocks to con-
slider whether or not they may not profit by
the example of those fortunate ones who,
several weeks ago, were not afraid to buy
New Y ork stocks, and have in consequence
Ttdpcu IL pTOub Ol lTOIn 10 ~ per cent.
There was some quiet absorption of GRAPHIC
phone stock last week which had the effect
to remove all the stock from source which
has proved menace to the market for several
weeks. There is no more for sale in the di-
rectien indicated. The Board bid is altogether
nominal, Al. Since the stock above referred
to has been taken the lowest offering was at
81, and on Saturday it was moved up to T.
Last week time loan was made on GRAPHIC
phone stock at ST.
The opinion is fast gaining ground that it is
the widest folly to crOke about the possibil-
ity OF tight money this autumn. A prominent
avenue book seller, just arrived from England,
has kindly furnished the following opinion
on this subject from William Lidderdale,
president or governor of the Bank of Eng
land, as he is termed over there: ~ wish to
say emphatically that there is no basis for the
reports that great financial disasters are i'm
pending in Great Britain. 1t is quite untrue
That any important clearinghouse is in dan
ger, save one, and the affairs of that one are now
in hand. AS for the chartered banks, they are
all sound so far as / know. There have been
great losses, it is true, but these losses have
been spread over large numbers of persons,
and, as rule, their losses have been already
met and paid, leaving the losers poor, butstill
solvent
But 1t is evident that the stagnation which
Mr.. Lidderdale thought would prove in
measure continuous is already passing away
and the activity which has prevailed for sew
eidl Wc6hb III NEW 1Ork is alTeHuy LneeLlQR
with ready response on the other side of the
ocean. The bookseller in question having
met conservative banker, the head of lead
ing national bank in New York, received in
substance the following opinion: "There is no
longer occasion to fear that we will have tight
money this fall, the enormous crops which we
are now harvesting and which have already
begun to be shipped abroad win surely
bring us return of the gold we parted
with so literally and then we will be fortunate
If we do not have more money than we can
proitably employ" There is growing
opinion in New York and throughout the
country generally that the silver agitation has
well nigh spent itself. The fear that this
country might be placed on silver basis is
no longer seriously entertained, and the re-
cent utterance of President Harrison on the
subject is accepted to mean that if even the
Senate could be induced to pass a silver free
coinage act, which is very doubtful, it would
receive from him prompt veto. This being
the case it may safely be assumed that no ex-
treme legislation on this subject could pos
sibly be matured till after the meeting of the
Fifty-third Congress, which will not assemble
till December, 1898.
do 4 a,au TO-