The Washington critic., 1890-05-14
LOCAL sToCKs.
Transactions on the washington Ex-
change-Notes and Gossip.

A sale of 800 L. S. 4Is, registered
bonds at 1921, due in 1891, needs no
comment save that all holders of like
securities should lose no time
in letting the Government have
them on the very liberal terms at which
they are daily redeemed at the Treasury.
Two small lots of Eckington Railroad
stock, z and 10 shares, brought 81.
This is likely TO prove a good purchase,
for as the amended charter of the road
permits it to use overhead electric wires
for a time at least, and come through G.
street TO Fifteenth, 1t is scarcely posi-
bic that any factor can intervene to de-
! feat success.
1t is little surprising that there are
continued sales of Tennallytown Rail.
| road stock, at price so near the oriei
nal value as sol, at which 20 share
were sold yesterday. The stock cost
| $50 and the investors money has been
| in 1t for an average of eighteen
months, 1t having been paid up
in installments. The conclus on is
that not few comparatively poor sub
scribers who took the stock to help the
enterprise and have found the outlay
| burdensome are glad to recoupe their
| private purses by getting back but
The capital invested. To all such
holders the suggestion may be timely
| that $40 per share can be borrowed on
| the stock at 5 or 6 per cent. interest,
and that II Is extremely probable that
In few months the increase in the
value of the stock will amply pay them
for the trouble aud interest charges
The reference made In THE CRITIC
to the prosperity of the Riggs Fire In
| surance, as Is sometimes the case, had
| the effect of lowering the quotations on
| the stock. Bright operators, to whom
| the prosperity of the company was q
revelation, and who were supporting the
| stock, doubtless came to the conclusion
that the wise thing to do was to let the
price drop and buy in cheap stock, IL it
could be found. Yesterday 80 shares
of the Riggs brought Q. The closing
bid was 81 the Offering at 94.
For 90 shares of Chesapeake and Po-
tomac Telephone stock 73i was paid.
The closing bid was nominal-72l; the
Offering at "a. The exhaustive and
timely article in The CRITIC concern
ing this security received great COM
mendation, and is believed to
have prevented very considerable
selling movement and heavy
loss to the stockholders. A banking
firm on the south side of F street. near
Fourteenth, having had sight of the
article before publication, with charac-
teristic tact and enterprise ordered a
large number of copies of The CRITIC
which were distribute to their customers
through the mails the same afternoon;
thanks for which are still reaching
them from out.of town service. Later
their business-like action was rewarded
with liberal orders to buy the stock.
An encouraging straw of Graphophone
stock was waited hitherward from Vir.
ginia's fair capital yesterday. A promi,
nent official of the Postoffice Depart
ment called thither on business saw Mr..
II. S. Boswell, president of the ''Old
Dominion Graphorbone Company.
The latter was greatly enthused over
the recent impetus, the business of his
company had experienced and said
Now is the time for any (welD em.
phatic fool to coin money on GRAPHIC
phone stock" A large publishing
house in Richmond getting out
popular works and employing agents by
the thousand all over the country to
solicit subscriptions, has been able to
keep up with the work of correspond
ence by the use of 12 graphophone'
100 typewriters. "This firm" said Mr.
Boswell, "has just ordered from oul
company ten more graphophones.
There were 20 shares of Graphophone
stock sold on the Exchange yesterday
it brought 144. Larger offerings were
made at 14t. Perhaps large block.
could be had at the same price? But al
opinion quite the contrary prevails. II
find out, let buyers send orders to tn,
Exchange for blocks of So The pric,
will hastily advance or the stock vii
have to be forthcoming, possibly boil
results will follow.
There was nothing done yesterday i
railroad stocks. Prices continue firm
For Metropolitan 1S0 is asked; the las
sale at 175. For Belt Line so asked
/ with 72 bid; the last sale at ~. Fo
{ Columbia 80 asked, 72 bid
There have been no recent transaction
in Columbia, doubtless from an antici
patton of dividend by the holders
This dividend has been announced an
will be paid June proximo. The roa
/ is ably managed and no pains will b
/ spared to keep up with the spirit of til
age in Improvements The first ope
cars were put on TO day. There are 81
; of them, all having two horses, whic
/ makes, with the closed cars, ten requi
ing two horses. The dividend thoug
S small, is but an earnest of the future.
v The money market is much easit
than usual for the month of May.
per cent. rate has not prevailed excei
to favored borrowers for about mir
l. months. Yesterday the Old Georg
/. town Bank loaned $4,000 on I
S. Electric stock at par vall
!, at per cent, per annum. So mar
y customers of this old institution hay
> made advantageous sales of properi
= above the city that the deposits a.
: probably larger than ever before.
!, Washington Stock Exchange.
e Sales-Reeular Call--12 o'clock m.
Il Washington Light Infantry, I'D, $3.50 at 10C
Washington Gas Bonds, B., $40C at e
lexington and Soldiers Home Railroad
at so. Georgetown and Tennallytov
e Railroad, 6 at 50b. Riggs Insurance Coz
:. pany, 100 at Q. American Graphophon
IT so at IA; 55 at 14i.
Z. Miscellaneous Bonds - q. 8. Electr
,e Lights 1st, 6's, 100; U. s. Electric Lig
%, 6's, l2l; W. s. G. r. r. 10-40 8
; 21O; Masonic Hall Assn, SIS, G 1885, IL
= Wash. Market Co., 1st Mort, SIS, II
is Wash. Market Co., Imp, 6's, III; Inpd
seaboard Co., 6's, G 1897, :; Wash. |
Infantry, 1st, 6's, 1904 101; Wash. 1t.
fantry, I'd, rs, 1904, 90; Wash, Gas Lig
Co., Ser, A, 6's, 121; Wash. Gas Light @
Ser B, 6's, 1914; Hygienic Ice Company,
ID Mort, 6s, 90.
r National Bank Stocks-Bank OF Was
e Ington, 470; Bank OF Republic, 25s; Metz
~ politan, $50; Central, go, Second, IS,
l. Farmers and Mechanics, 100; Citizen
d, le6; Columbia, $50; Capital, 1l9a; W.
id End, "a.