The Sunday herald and weekly national intelligencer., 1890-05-25

Loan and Trust Comes to the Front.
Graphophone and Telephone. How rhythmi-
cal they sound. How delightfully."- they jingle.
But how unfortunate that both show the same
element of weakness at this time. Can it be
that lone touch of nature which makes the
whole world kim affects them equally because
OF that harmony of sound? The one is divi-
dend-payer. Not, it is true, quite so large as in
days gone by; but still a good return on the
money invested. The other is full of glorious
promise for the future-in fact it has been all
promise. But then it is the anticipations of
life rather than its realizations which go to
make up the sum of human happiness. And
the expectations based on Graphophone have
been rich in their plenitude and magnfcence.
The reality, however, has been 'stale, flat, and
proftable'-decidedly Improbable to those
who bought year ago at % to 80 and cannot
sell for half the money. But truce to moral
izing and unpleasant "reminiscences, ana a re-
turn to cold, hard, and dismal facts. The
market during the past week for both these
stocks has been far from rcassuring. In the
early part of the week Telephone looked fairly
strong and sales were made at 16s on Monday,
and 163@164 on Wednesday, with general
feeling of confidence in even higher prices
But on the next day a change came and
weakness developed quite unlocked for, sales
OF six lots aggregating 81 shares, being made
Ct 10, and an apparent willingness to furnish
more if wanted at the same price, causing
stampede to sell rather than to buy. On Fri
day this developed to an extent that on free
selling the price dropped from 15s to 745 on
sales OF several lots amounting to but 80 shares,
the week closing with one sale of 10 shares at
II, with the same price bid for more. Last
week it advanced four points and has since
lost nearly three.
Graphophone fell into rut, and though the
transactions were large, the sales footing up
$50 shares the price did not vary more than 25
cents, the highest price being l34 and the low
est 49, the larger part of it selling at 49,. This
is most unusual circumstance, as ordinarily
this amount of stock would either depress the
price considerably or create boom sufficient
to carry it up several points. The fact is hardly
an encouraging one to holders of high-prce
stock, and yet it shows there is still strong
feeling of confidence in it.
The public evidently have great faith in our
bank stocks, notwithstanding their apparent
high prices. And the public seemed willing to
show their faith by their deeds, and buy where
it was possible to get them at anything like rea-
sonable figures Hence bank stocks ruled
high, three Washington selling at $500, ten
Republic at $265, two Metropolitan at 294 and
five at 295, ten West End at 105, eight
Traders at 1851, five Lincoln at Sc, and one
Columbia at 1888 Central, Second, Capital,
Farmers and Mechanics, and Citizens ali
showed strength, with limited offerings.
lexington spurted on yesterday 40 shares of
the old stock bringing I5 and four of the new
"A. The allotment of the new stock was on
basis OF 60 per cent. on the DID, at a cost of $40
per share. Georgetown and Tennallytown was
also in good demand, twenty-five shares bring
ing 5Ot, and tye lots, aggregating AZ shares,
realizing 81, with the same price bid at the
close for more. For 25 Metropolitan 175 was
paid, and represented the only transaction in
this stock during the week. Columbia, Belt,
and Washington and Georgetown were without
special feature.
The strong demand for Electric Light stock
continues and prices show a very material ad-
vance over all previous quotations For 9
shares l2S was paid, and on yesterday block
OF As shares was readily taken up in ten-share
lots at 130. The opinion generally expressed
by those best qualified to know is that the stock
will soon touch 150 On basis of 1873 it is
6per cent. return if its present rate of divi
dend is maintained and friends of the com
pany claim that it can be done.
The demand for Pneumatic Gun Carriage
stock still continues at 1.25 and four hundred
shares readily brought that price, with the same
bid made for more without avail.
The first sale of Washington Loan and Trus
that has been noted for some weeks was mad
on Wednesday, when 800 shares in one BLOCK
was taken at par (4.OO.) Additional offering
at same price were not avaed of. The de
mand for American Security at $15 premium
continues but no stock Offering at this figure
no transactions were recorded.
Small sales Of thirty Hygenic Ice stock a
SoO ana nVe Lincoln Han at SSU, together viii
$3.50 Washington Light Infantry I'd mortgae
bonds at l0l, completed the business of mod
erately good week
The call Of the Comptroller on the natona
banks having been made the slight stringenc
of money always experienced prior to the tim
anticipated may be expected to moderate AM
rates will rule low again, with a probability 0
continued ease during the summer.
The showing made by our local banks is re
markably good, and next week shall endeavo
10 make summary and cOmDariSO0 of then
They were published too late to allow of it thi
week. FRANK ii. PELOUZR, 1913 + street