The Washington critic., 1890-05-13
LOCAL sTOCKs.
Transactions on tho Washington Eek.
change-Notes and GoasIp

| Ill NAluc,
For 81 800 Hygienic Ice bonds the
full par value was paid. As this com.
| pany is Just getting ready TO develop its
| business 1t Is too early to speak of It's
securities. Apparently the shares in the
company stand well on the stock list,
registering bid of $40, with but $25
paid In. This is really a premium of 60
per cent, and shows confidence, which
should be very encouraging to the pro.
| jectors of the enterprise, coupled with
the fact that there are no offerings to
sell the stock
Notwithstanding the free Offering Of
Metropolitan Railroad stock, there was
no diminution in the price. For Il
ard s shares respectively 115 was paid
when the asking price was advanced to
$50 with Ia bid.
There was some anxiety both In and
out of the board to see how the Belt
stock would stand the virtual change
of management from the election for
directors last Saturday. The result
was all that the friends of the road
could desire. Fifty shares of stock ap.
peared TO be for sale. For 90 of 1t 20
was bid and the offer accepted; subse-
-, and 90 more taken at 72. The
closing Offering was at "a. The future
of this stock will depend upon the
policy the newly elected board may in.
augurate. Critics of the former man
agement allege that the road has been
bled TO make big dividends, with the
hope of pleasing majority of the
stockholders, and thus perpetuating the
old regime. If this should prove to
have been the case. as occasion for
spending considerable sums of
money on the road will very
soon have to be dealt with
there are not few embarrassing
features TO be considered. First, the
whole road Is under mortgage for the
trifling sum of $4,000. Happily, al.
though this loan was made out of the
District and at so high a rate (6 per
cent? as TO have provoked severe crit.
cism, yet 1t is believed that the bonds
in their entirety are now owned here in
the city and probably by member of
the present board of directors. This, If
true, will greatly relieve the en-
barrassments of the situation, for
upon terms more or less liberal
the bonds can be surrendered
and new loan at low rate of interest,
put on the market, and the means
easily secured to retrack the entire
road, which, 1t will be remembered,
an act of Congress, approved March,
1889, requires shall be done within two
years from the date of its passage.
Doubtless, in considering methods for
raising money 1t will be conceded that
| 1t Will not do to assess the stock, the
par value of which is $50 and upon a
large proportion if which but $1S was
| paid. Upon considerable part, as
much as $50 was paid. Another in
teresting question that will soon have
to be decided is: Will 1t be best to
continue the handsome dividends that
have recently been paid, to reduce them
or lei dividends cease altogether?
The report of this road, made to the
stockholders meeting for the fiscal year
ending March 81, shows an increase of
receipts over the previous year of over
$4,000. The report also shows that
from that time to the present date the
receipts have been the largest In the
history of the road and that if it should
be deemed good policy dividends could
really be increased.
There appears to be a ready market
for Georgetown and Tennallytown Rail
road stock. For 90 shares 501 was
paid. The closing bid was 50t the Of
fering at 81.
The market continues strong for Real
Estate Title Insurance stock, and
though selling at 1870 for 10 shares, the
bid of $50 was continued. with 1876 the
lowest offering. Holders of this stock
should at once inform themselves If the
July dividend will be increased to Z or
s per cent. If to 7. the stock is cheap
at 140; if to s, 1t should bring 100.
For Al shares of Washington Gas
stock an improved price was paid, 45E,
and the bid increased to 45s, with the
hope of securing more. Like GRAPHIC.
phone it is reached for when the op-
portunity appears good to secure con
siderable quantity.
For 20 shares. two lots of 10 each, of
Z. S. Electric Light stock 100 was paid.
But while this may be regarded as a
good quotation, in view of the low price
at which the stock has recently sold. it
measures but slightly the real worth of
The stock of the company. Pope's
| wholesome advice concerning knowl
edge might be appropriately quoted to
show how very dangerous a little knowl-
edge is. Those who thought they
knew it all, about this stock as well as
many others, find that their informa-
tion was sadly at fault.
little knowledge is a dangerous thing;
Drink deep, or taste not the Plerian spring,
is sound aphorism
The offerings of Graphophone stock
are very tantalizing. Yesterday &C
shares came on the market. 1t brought
14s.
Washington Stock Exchange.
sales-Regular Call-12 o'clock m.-
Soldiers Home Railroad, at 81; 10 at 81
Georgetown and Tennallytown Railroad
90 at 5Oi Riggs Insurance Company, so
at o. Chesapeake and Potomac Telephone