The Sunday herald and weekly national intelligencer., 1890-05-11

With Graphophone left out the stock market
for the past week would have been "stale, fiat
and unproftable." During the past week the
course of graphophone was so decidedly erratic
that IL set all the brokers to guessing as to its
next move. The week opened with sale of 100
shares at 10, quickly followed by others at l5s
and l5l, dropping the next day to 10, and on the
day following to Ia, at which point the drop was
checked, and on yesterday 130 shares brought
14}. The total sales for the week represented
$50 shares.
Next in point of interest came the stock of the
AmericaneSecuritysCom ofiwhch 25 shares
Drought oUt, two lots aggregating 45lehares 50l,
anu one OF rs at 81, with offer to.take any part
of 100 shares at 50. One sale of 100 shares of the
Washington Loan and Trust at par SD marked
the only transaction in this one-time favorte for
some weeks.
Some renewed sinterest seems to be taken in
the Pneumatic Gun Carriage Stock, and prices
show general improvement, sales of 40 shares
at Il and 200 at Il being noted during the past
week. II the proposition said to have been made
by an English syndicate IS accepted purchasers
now will have good profit.
Electric Light shows aEgenerally improved
condition, sales of 10 shares at ll6 and later 10
| more at 1l7f, with closing bid of 1lS for more,
marks the highest price yet reached on the
board.
| Bank stocks were unusually dull, two Column
bia bringing 1S3, ten Second National 1851, two
| lots of each of Traders %, and one of 90 West
| End 94i, with sale of two shares at &c.
| Insurance stocks participated in the prevailing
| apathy and sales were limited to 100 Riggs at 81
with further offerings at still lower price. Five
| Columbia Fire at 10, with more to be had at same
figure, and 25 National Union at 203, with de-
| mand for 75 more at same price. which could not
| be supplied. For ten shares Real Estate Title
Insurance 1870 was paid, being the highest price
at which it has sold for just two years.
| Metropolitan Railroad was rather more active
| than it has been for a long time, sales of six
shares at l75 and two lots OF, 10 and IL shares
each at 173 showing the strength of this security
For 10 Georgetown and Tenleytown, so! was
Telephone strengthened the bid at the close
REACHING ~ with one sale ale Of shares sat at z and
no ha o az 20 to- 81 @ hardy pe6d @ 6
| realized unless, indeed, a large block should be
precipitated on the market. At the present rate
| of dividend it pays per cent. on SO
The sales of bonds were so insignificant that
| they hardly deserve mention, comprising only
| $500 IT, s. As at l22 and $500 gas bonds at same
figures; continues oosv and a the irotoo+tors
| point to a continuance for some time.
Brief Mention.
| The erstwhile enthusiasts about Telephone
stock have quieted down since the reduction of
| the dividend.
If the offer which is said to have been made by
an English syndicate of $500 for the plant and
| patents of the Pneumatic Gun Carriage Com
pany is accepted it will give each shareholder
| $3.50 per share.
The stock of the new Lincoln Fire Insurance
| Company is very much in demand, 80 cents per
share premium having already been paid for it,
| Some little interest has recently been shown in
a ana Of @ as esn 9n
! as the company desire to build two hundred new
| machines. The new machine is said To be a
| wonderful Improvement, and orders are booked
for the entire lot as soon as completed.
The recent boom on Riggs Fire Insurance stock
| has apparently received quietus, as the figures
| show material decline from those ruling few
| weeks ago.
| The change in sentiment about the Electric
| Light stock and bonds among conservative men
| is somewhat surprising. Last fall it was hard to
| get buyers for them below par. Now they are
| eager for them at n good premium and predict
| even higher figures
1t is confidently predicted that the stock of the
Columbia Fire Insurance Will shortly reach $50;
| In few months the surplus will have reached
| 100000, and then with an extra dividend as
| promised an advance in price will naturally fol-
| low. Already large sales have been made at
| $3.50 eN-dVidend, and small ones at even higher
The fever for bank stocks that was epidemic
some months ago seems to have largely subsided,
| and drop in prices has been the natural re-
| suit.
The growing business of the Exchange de-
| manding larger quarters commodiouS rooms
| F street. to which move Will be made on June
| l. The demand for admission has already sug-
| gested an extension of the limit of membership
and the increase from S0O to $500 of the initiation
| fee. Already 5000 has been paid for seats
| The long agony is over. The fight in the BELT"
| Railroad has come to conclusion and everybody
| is satisfied and happy. Both sides have won by
agreeing to compromise. With desire to pro-
tect the interests of all concerned they agreed to
| pool issues and present n compromise ticket for
| the stockholders sutfrages, embracing three of
| ticket voted for embraces the following we'll
| known names: Messrs. Charles e. White,
w. j. COwing, and George w. Gray, of the
| "ins," and George E. Lemon. John w. Macart-
| representing the opposition. The ticket is
| a strong one in every respect, and will insure
| success to the enterprise, Mr. Charles e. White
FRANK III. PELOUZE, 1913 Il street