The Sunday herald and weekly national intelligencer., 1891-05-10


There was q great improvement in the
volume Of business last week on the local
stock exchange. In fact, the aggregate sales
were larger than they have been for several
months. The transactions in bonds were es-
pecially notable. In United States fours
alone the sales footed up $41, 900, mostly at
1901. There were also heavy sales of Wash
ington and Georgetown Railroad convertible
bonds, $4,000 of which were placed at from
129 to 1876, $500 selling at the latter price.
The closing bid for these bonds was 1875, with
offerings at 126 There was drop also In the
stock of the Washington and Georgetown
Road, 3shares selling at 225 against recent
sales of 245. The closing bid was at 210,
with offerings at 235.
On small sales Of Washington Gas stock
the price was we'll maintained; 102 shares
brought AL and shares Az. The closing
BID at 49, was considered nominal, as NO
stock was offered below Az The offerings
of Washington Loan and Trust stock are
small, but 10 shares having been sold 1t
brought 962, which is an advance over pre-
vious sales. The lowest offering of this
stock was at 81.
limited by the small offerings. But SO shares
came on the market. 1t brought 81. There
were offerings at 6l and z, but by those de
string to register low quotations. The an
nouncement Of the failure and assignment Of
Jesse ii. Lippencott had the effect OF
strengthening the stock to slight degree.
The Graphophone Company is now in
position. while participating in the
winding up of Mr.. Lippencott's affairs, from
which considerable amount of money will
doubtless be realized, profting by his mig
takes, TO put the machines on the market at
Drtcp6 6atisfact0ry tO la r,1Ihlio opd tharab,-
speedily place the company on firm and
profitable basis. The number of machines
on band at Bridgeport is ample TO meet all
demands likely to be made for twelve or
eighteen months. And, by three slight inn
provements of insignificant cost, the graphic
phone will disclose results superior to the best
ever shown blythe phonograph, including the
rendering of solo and band music The slot
machine company, it is understood, has been
able to enjoin the sale of Photographs, but no
such restriction can be placed on the graphic
phone. There is general conviction that ali
the Graphophone stock which came on the
market nearly two months ago has been
taken by permanent investors, and that it is
now impossible to buy even few hundred
shares without materially advancing the
price.
There is constant demand for bank stocks.
but the best paying stocks are rarely sold
For 10 shares of Traders 11S was paid, and 10
more brought 11Ss. For 10 West End 1909
was paid, and Is brought 101. The deposits
OF the West End have increased about 1922, 900
since the removal of the bank to its new
quarters The loans have been increased
from about $4,000 to 100000.
The sales of Lincoln National continue
light; 10 shares brought 101 The lowest offer
ing of this stock is at 103.
There We're no transactions last week il
Columbia National Bank stock. The bid of
$50 is considered nominal and the Offering of
l54 is for but small quantity, this price be-
ing regarded as much below its intrinsic worth
The promotion of Mr.. p. M. Hough from the
position of paying teller to the cashiership
gives universal satisfaction, and is regarded
as a wise act ON the part of the directors.
There was but one sale of United States
Electric Lighting stock last week; 10 shares
brought l65. 1t would be difficult to dupll-
cate this purchase, The lowest offering is at
l72 There was a small sale of the Electric
Light bond privileges. They brought So so per
share. The bonds will be issued in the pro
portion of 500 of bonds to 6 shares of stock.
This sale of the rights on 15 shares would be
equivalent to the privilege of taking $3.50 of
the bonds, and would make the premium
equal to $l5 on each 500 of bonds.
There has been a decided disposition shown
to lower the quotations on lexington Rail-
road stock. The opinion entertained doubt
less by the bears was that if the stock could
be bought at so it would show a good profit
in the near future. The sales were 20 shares
~ oA2l ~ o~l ~ ip db 81. Ut anu
20 at So with offerings at so, and AS the best
bid.
1t will be observed by the daily papers that
the lexington has advertised that it will allot
OOOO of the $1,000 GOO of bonds which are to
issue at per cent. The allotment is made to
stockholders of record of May 49, 1891, the
books to be then closed for three days After
June the right to subscribe will be with
drawn and the bonds unaccepted by the
stockholders will be sold at not less than par.
There was weakness also manifest in Belt
Railroad stock; so shares sold at 52 Later
the buyer allowed part of his purchase, 80
shares, to go at cost, 50.
There is strong market for American Sc
curity and Trust stock. On Friday Is shares
sold for sol, with 50 the lowest Offering. Sat
urday 10 stock was for sale.
There was good market last week for ia
suranee stock, though some of the prices were
considered low. For 20 shares of Franklin 52l
was paid; so shares went for 55 AS this stock
will pay per cent. at 624, it is beievedit 1t will
not be long before this price will be reached
There Were but 20 shares of Columbia Insur-
ance sold; 20 brought 16s and so 16l In Ma
tional Union the aggregate sales were 800
shares, the lowest is, the highest 49, This is
one of the best aud safest stocks on the list,
and, at presenU prices will yield over per
cent. free OF taxes, rate but few of our besf
securities will exceed.