The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1909-01-30
LOCAL SECURITIES.



Trading in the 4 per cent. bonds be-
came more active than for some time
past, North Jersey Is being in greater
demand than any of the other issues,
advancing from the closing price of
last week, H5s, until rs was cached
A number of bonds we're sold at this
figure, the closing being 75% bid, Of
fered at rs. Jersey City, Hoboken and
Paterson As remained firm at 70, all Of
ferings at this price being taken. Uni
ted Electric as were purchased in blocks
of from 10000 to 10000 during the lat
ter part of the week, advancing the
price from TIA to 70, the close being 70
bid, offered at 721s. Newark Consol-
idated Gas 5s sold at 1061s and closed
at 1861 bid, offered at 1868. Hudson
County Gas IS sold at los. closing at
1o4% bid, offered at 1864. Gas and
Electric Company of Bergen County IS,
1949, are 10l bid, offered at f03; Paterson
and Passaic Gas IS. 1903 bid, offered at
104; South Jersey Gas. Electric and
Traction Company 5s IS bid, offered at
80; Consolidated Traction Company SIS
los bid; Bergen Turnpike IS 90 bid,
offered at 101; New Brunswick Light,
Heat and Power Company As 1917 bid,
offered at 500; Gas and Electric Com
pany of Bergen County 5s, 1864, 50 bid,
offered at 81.
There was a demand for the Public
Service convertible gold notes, advanc-
ing the price from 90 bid. offered at IS.
until SO was bid, with no offerings. The
Public Service collateral gold notes
were wanted throughout the entire
week, all offerings up to 99M being
eagerly taken by New York houses;
several large lots were sold at 1914.
Undoubtedly, the low rate for money
in New York and Philadelphia. and the
RICH rate of return upon these invest
ments, is attracting capitalists desiring
an investment with SO large a margin
of safety as our local securities afford.
Newark Consolidated Gas stock is still
wanted by the investors, selling as high
as 951a AMI closing at 95 bid, offered at
951a. There was considerable inquiry
for the stock of the Gas and Electric
Company of Bergen County. This stock
has been steadily taken from the mar
ket for some time past. and at present
the offerings are very limited. 1t now
pays 8 per cent. increasing within a
year and a half to 4 per cent, al which
rate it continues until the full guaran-
tee of 5 per cent. is reached, in 1914.
The prevailing price for the week was
So, making an investment at the present
time of nearly 8 per cent, and, after the
full guarantee has been reached, it will
net. at the present prices. over s per
cent. South Jersey Gas, Electric and
Traction Company remained firm at 119
bid, offered at 121. Hudson County Gas
was well taken at 116, closing at 116 bid,
offered at 1851. Essex and Hudson is
off half a point, 1875 bid, offered at 1877.
The inquiry for Consolidated Traction
Company stock was greater thai for
some time. n all offerings up to IA
found ready buyers. At the present
price this stock nets nearly 51z perl
cent, and is being purchased both in
small n large lots by those DESTROYS
of securing a conservative investment.
Public Service stock closed at SO bid,
offered at 81. Public Service certificates,
though comparatively inactive, closed at
1914 bid. offered at rs.
In the bank stocks National Newark
Banking Company closed at 325 bid,
offered at 335; Fidelity Trust Company,
at ITO bid, offered at 725; Union Ma
tiondi Ddilh at ooV Dpu, OneFeQ at 4UU,
North Ward National Bank, at $50 bid,
offered at 500; National State Bank, at
200 bid. offered at 210. Federal Trust
is 1870 bid, offered at 200, being an adj
vance of 10 points within the last two
weeks. West Side Trust Company
closed at 1870 bid, offered at 200; from
bound Trust Company sold better than
160. closing at 100 bid, offered at no.
The only change of note in the insur-
ance stocks was in Newark Fire Insur-
ance Company stock, which advanced
from 245 to $50. Sales were made at
25o and the close was $50 bid. Ameri-
a Fire Insurance closed at $40 bid.
offered at $50; Firemen's Insurance
Company at $40 bid, offered at $50: Pru-
DENTAL Insurance Company. at 525 bid,
offered at $40; Colonial Life Insurance
Company at $50 bid. offered at 400.
The bid and asked prices appended
are furnished through
ErSIynU n ~ TAI