The Sunday herald and weekly national intelligencer., 1890-06-15
GRAPHOPHONE SPURTS
AFTER a LoNGPERIoDo
AND DEPRESSION.
Gas Stock Again in Demand - Electric
Light Growing Daily Stronger-Traders'
Bank Advances Telephone Improves
Lincoln Fire at Standstill.

The monotony of rather dull week in the
local stock market was relieved on Friday by
one of those periodical spurts in Graphophone,
which have come to be expected by the broll-
ers with the same confidence as the return of
the peripatetic vendor of prize packages with
the advent of the circus, or the first cheerful
notes of the itinerant merchant who sells
strawberries, fresh Strawberries" proclaims
summer. Not that there is any disposition to
compare this popular form of investment with
the seductive and alluring prize package-be-
cause there is no desire to do the prize package
any injustice-but it must be admitted in the
interest of great moral truth that it has pos
sessed for some all the disappointments of
blank package. But then it is the un-
certainty of glorious, future which
neSs To has ne cb Geh'g e this &
ular. But, to leave moralizing and come down
to cold facts, 1t is known that the lessee, Mr..
Lppincott, has been in town during the past
week for the purpose, of effecting, settlement
with the company for the machines already
supplied him. What was done is not yet known,
but as there was free buying of the stock, it is
presumed that the settlement was satisfactory
one. Any way, the stock took a jump, and
whereas it was offered early in the week at 12s
with no takers, 4S4 shares were sold during the
last two days at from 1872 to Is, and a strong
belief in still higher range, with an occasional
temporary check to prevent its too rapid rise.
chances that any one desires to make money
or with equal facility to lose it.
The interest in Gas stock still continues,
though in somewhat abated form, the sales
being of so shares at All and so at a., and a
weakening observable at the close.
Electric Light, on the contrary, grows in
strength daily, one lot OF 30 shares, offered at
l35, being hastily taken up, and the same price
bid for more with none offering. Large private
sales at this figure during the week are we'll
authenticated
Columbia Title Insurance was in strong de-
mand, 100 shares selling at II, with an offer to
take all or any part of one thousand more at
the same figure, the increase in the dividend
causing the desire to buy.
Lincoln Fire Insurance brought 81 for 200
shares in the early part of the week, and then
apparently struck snags and stopped the bid
For 100 National Union $22 was paid, mark
ing the highest price at which it has sold for a
number of years. The balance of insurance
stocks were dull, two small sales of Riggs at 81
being the only ones noted.
Bank stocks were unusually dull, one sale of
10 Columbia at 1S3 and one of West End at
1869 showing the little interest taken. In
both cases this is an advance over previous
sales.
lexington Railroad was in limited request,
four lots aggregating 50 shares bringing TO-
For 6 Georgetown and Tennalytown 50 was
paid. This completed the transactions in rail
road stocks, although 50, 900 of the Washington
and it is stated that for $4,000 worth 260 was
privately paid.
Telephone took brace, and the only lot Of
fered 10 shares, brought rs, an advance of 15O
over sales of the week previous
Other sales were of 200 Pneumatic Gun Car
riage at II, one share Lincoln Hall Association
at so, five Great Falls Ice at $50, and two small
lots of Washington Loan and Trust at 4! and
Al the latter showing a loss of 25 cents over the
amount paid in
Bonds were dull, 81 800 D. CPS of 1891 SELL
ing at 1044, and $3.50 Light Infantry 1st 6's
bringing 1014 though the statement was sew
eral times made that default had been made in
the June coupon.
Traders Bank stock showed a good advance
during the week, though no sales were re-
corded Lincoln was steady at 96, with no Of
ferings. Capital was strong at 12O. Second re-
mained stationary at 1917 In railroad stocks
Metropolitan and Belt developed weakness,
while Columbia gained in strength George
town and Tennaytown showed a good ad
vance on reports of big business. Firemen's
Insurance went up and Potomac went down.
Peoples also dropped on the news of the re-
cent loss. American Security was firmer,
though without transactions, the bonds par
taking of the rise
The money market has become somewhat
easier, the rate ruling at per cent. to desirable
borrowers, though is the usual figures.
What L Have Heard.
That the Columbia Title Insurance Company
will pay an extra dividend of 3 per cent (15c.
per share) on July /.
That an extra dividend is probable to the
stockholders of the Great Falls Ice Company.
That Chesapeake and Potomac Telephone
stock will go to S5 in sixty days.
That Washington Gas stock will 90 to $50 be-
fore the ''boom" is over.
That the Lincoln Fire Insurance is doing a
remarkable business
That Columbia Fire Insurance will soon have
500, 900 surplus when large increase in divi-
dends will be made.
That the stock will soon sell at $50.
That the Franklin Insurance will soon follow
the procession and come up town, having pur-
chased site on Twelfth street, near f, for that
purpose.
That already the stock of the new CONNER
cial Fire Insurance is at a premium, the amount
being oveT-subscribed.
That the Georgetown and Tenallytown Rail-
road is doing a 'and Office" business espe-
cially on Sundays
That a considerable amount of lexington
Railroad stock is now being offered
That the daily receipts of the Columbia Rail
road are increasing to an almost fabulous eX-
tent. And that the stock will go to 80 by Oc-
tober.
That syndicate has offered to pay $50 per
share for the "Belt" Railroad, provided they
can secure control But that is condition of
the offer
That the Lincoln Bank has reached half
million of deposits,
That an option has been taken on a site for
the Traders Bank. And that it is not on f
street.
That the Capitol Hill Bank will blossom out
In handsome new building.
That the West End Bank is doing good