The Sunday herald and weekly national intelligencer., 1890-06-29
A DULL MARKET.
THE BULLS AND BEARS wILTED BY
THE HOT WEATHER.
Metropolitan and Belt Railroad weaker
lexington Steady - Georgetown and
Tennallytown Active - Graphophone
Sags-Pneumatic Gun weakens.

nineties it was hardly to be expected that any
very spirited trading would be done on the Ex
change, and the dearth of business shows the
effect of the hot spell and what is generally
known as the beginning of the summer dull
ness. Some few of the stocks showed a fair
degree of activity, Georgetown and Tennally-
town Railroad more especially being in good
demand at higher prices lexington, too,
showed good, steady market around 20, and
Electric Light continued its onward and up
ward course. American Security was stronger
while Washington Loan and Trust still drags
at par. Metropolitan Railroad on sales of 80
shares dropped off four points, and Pneumatic
Gun Carriage was plentiful at ST. as against
II and II previously. Telephone improved,
with small sales, and Lincoln Fire Insurance
dropped to 81. Columbia Title was slightly
weaker, and Graphophone hung fire at 16l
with display of weakness as the week wore
on. Bonds were almost entirely neglected, but
one sale of $1,000 L. S. 4l's at 103 be-
ing noted. The sales in detail were
as follows: 2 Bank of Washington at ass
and Traders at 11sl: 5 Metropolitan Railroad
at 17lt, so at 1709, and Is at 10Y; Is George
town and Tennalytown at 60, 45 at CO.,, and 90
at 81; Columbia Railroad at 72l; 3 Belt Rail
road 645, and 45 at 65 ex-dividend; so Ecking
ington at 20, 90 at TOY, : at II, and at III; 50
Riggs Insurance at 81; 20 Peoples at 81; 100
Lincoln at 81, and 20 at So; IL Columbia at 10;
so Columbia Title at Il, 90 at It. and 100 at
73-16-the board for the first time allowing
sales in sixteenths to be quoted, although fre-
quently made; 500 Pneumatic Gun Carriage at
ST. 16 Telephone at 765; 215 Graphophone at
16l, IA at 16s, 40 at 16i, and % at 165; 800
Washington Loan and Trust at ZIG, or 6f
cents less than has been paid in; 10 American
Security at 57s; 10 Electric Light at 141, and q
81 900 second-mortgage bond at 49, which rep
resents an equivalent of 142 for the stock.
With the advent of July the horny y-handed
son of toll, the hard-working stock broker,
will HE himself to the mountains or the sea-
shore, or perchance take run over to Lon
don or Paris, and leave the market to the ten
der care of those who unfortunately got in or got
out the wrong end, and as there will be but
little of interest to chronicle this veracious
writer will bid his readers adeu until the fall
time and the harvest produce renewed ac-
tivity.
Rumors of the Week.
That the dividend on Gas stock would lie in
creased to 62 cents per share quarterly. 1t is
now so cents. This rumor has since been de-
MED.
That New York syndicate has offered to
buy 1000 shares Metropolitan Railroad stock at
$3.50. There are still about 5000 shares in the
Treasury which the stockholders have been pa
tiently waiting foi.
That the purchase of the Vernon Row Build
ing by the Traders Bank has proved a surprise
to number of persons. And right here want
to say that two weeks ago / stated in this col
umn ''that an option had been taken on site
for the Traders Bank, and that it is not on F
street" THE HERALD rarely gets left on its
information.
That already the Mergenthaler people have
contracts representing a half million dollars,
and that the future prospects are of very
roseate hue.
That considerable dissatisfaction exists be-
cause the sem-annual dividend on Metropoli-
tan Railroad was 81, instead of Sl.25, as eX-
pected.
That the English syndicate which had made
an offer to buy out the Pneumatic Gun Car
riage plant is either ''lost strayed or stolcn.n
That fully one.haf of the Electric Light sec
ond mortgage bonds have been converted into
stock, due to the fact that the stock pays eight
per cent, while the bonds pay but six.
That an unusual amount of Columbia Rail
road is iloating around looking for purchaser.
And that the prediction that the stock will go
to 90 by October may have to be revised. AL
ready decided weakness is noticeable in the
bidding on it.
That the new Commercial Fire Insurance
Company have purchased an excellent building
on Eleventh street, near f, and will be ad-
mirably well fixed for business. Already, it is
said, the stock commands Il premium.
That the small amount of Telephone stock
put on the market since the reduction of the
dividend has been a surprise TO even its best
friends who see in it favorable opinion of the
stock.
That the continued success of the Lincoln
Bank and the high price of its stock are one of
the surprises of the day to those who thought
they "knew it all" 1t only goes to show how
wise men may be mistaken, and also how
energy and attention can hold public conf
dence.
Without the usual quota of rumors, good,
bad, and indifferent, about that glittering spec
ulation, our old friend GraphOphone, the week
would indeed be stale, fiat, and Improbable.
Space will not allow the publishing of all of
them, as THE HERALD publisher thinks he gives
enough for nickle in sixteen pages and de-
cines either 10 enlarge or TO give me the entire
paper to fill up. Principal among the rumors
current during the week were
That the company would be entirely out of
debt by the 18th of July.
That dividend would be paid in September.
That the stock would sell at $50 in the near
future.
That the stock would drop to IA before it
went up to 20.
That the stock would sell at II by July Is.
That a prominent operator invested $500 in
'calln on 500 shares at $50 for 90 days And
that he had no trouble in finding an equally
prominent operator willing to sell it to him.
Which means in plain terms that one operator
bets $500 with another that it will go to 20 in
90 days.
That the dear public pay their money and
can take their choice of what may or may not
be the result.
FRANK II. PELoUZE, 1885 street
-Heurich's Extra Pale Lager. ASK for it,