The Washington critic., 1890-05-15
LoCAL sroCKs.
Transaotions on the Washington Ex-
chanRe--Notes and Gossip,


proportions in the aggregate and unim-
portant in detail.
For $3.50 Second Mortgage Light In
fantry Bonds 1901 was realized AL.
though within two or three years these
bonds have appreciated enormously,
having gone up from about 40, bearing
as they do per cent. and owing to the
great Increase in the value of the prop
erty over the first lean of but $110, 900,
they may rightly be regarded as a de-
sirablc investment. The large interest
is supposed TO compensate the risk
Sooner or later the two leans may be
consolidated and the bonds of both
classes exchanged for first mortgage
bond at or 8 per cent In which case
the choice OF accepting payment OF
taking the new bonds would doubtless
be given.
For $40O Washington Gas bonds,
series B, 1913 was received. But for the
fact that on all securities running for a
fixed time the premium must be event
ually lost, this would be profitable in.
vestment. Even admitting the loss of
premium this per cent. securiety will
yield for the whole time for which 1t
runs over per cent.
Comment was made In yesterdays
CRITIC on the lexington Railroad stock.
Another small lot brought so, at which
price there were larger offerings, but
with little disposition, II is believed, to
court bid at the price named There
still appears disposition to accept so
for Riggs Insurance. 1t may be from a
necessity of the holder to realize. For
100 shares so was paid, and the closing
Offering at the same price, with 81 bid
This 18th day of May may be con-
sidered as marking an era In Graphic
phone stock. One year ago this after
noon one of the most sagacious men,
bers of the board of brokers bought
privately 150 shares of Graphophone
stock, for which he paid $4,000, $28
per share. At that time the instrument
which the company was Offering to the
public was, compared TO the one now 80
eagerly sought, as the electric light to
the tallowdip of our grandmotbers; the
output of the machines. slow and uncer-
tain; the factory under lease and ex-
travagant management; the ma
chimes sent out, often lacking
perfection; the subordinate com
panies few and insufficient; the
enterprise, scarcely out of the ex-
perimental stage, and the stock daily
tossed from hand to hand by reason of
lis abundance. To-day the most expert
stenographers in the world, at the
United States Capitol, pronounce the
instrument all that their extraordinary
requirements demand; the work at the
factory is adjusted to the incest system
| OF efficiency and economy; the subordi-
nate companies, numbering thirty.two,
with nominal capital of seventeen
millions, acquiring daily greater skill
| In the important work of distributing
the instruments; the enterprise for
! profitable results scarcely inferior to
The Bell telephone, and yet witbal, by
reason of the stupidity of the public
and the cupidity of those best informed
f The real worth of the invention, who
are actively engaged in bearing the
stock. few shares are daily offered
for sale at one half the price
the freedom with which wealthy and
| sagacious people have bought and
locked up the stock that 1t is virtually
off the market except through the bear
offerings. which daily tantalize men.
who are seeking the stock in blocks
worthy of their attention, we'll fearing
that attempts to get it In driblets
will but force up its market value.
The sales yesterday were 105 shares
| 80 went to large holder at 144. The
lions share-55-were bought by the
broker who had the order to sell, as he
was not out. bid by any other purchaser
| and it was not doubted that he held an
| order to buy as well as to sell and the
full market price was paid.
| Washi ngton Stock Exchange,
| Sales Regular Call-12 o'clock m.-
Washington and Georgetown Railroad
Con. 6s, $500 at 2l3. Chesapeake and Pc
tomac Telephone, 10 at 74f; ~ at 74l; IL al
20. American Graphophone, 25 at 14t
] American Security antitrust Company, A
| at 50l.
Miscellaneous Bonds - U. 8. Electri,
Lights 1st, 6's, 100; U. 8. Electric Ligh
R'93'23, lO54; W. & g. Convertible, SIS
200; Masonic Hall ASSN, SIS, G 1898, los
Wash. Market Co., LIST Mort, 6's, ITO
Wash. Market Co., Imp, 6's, 11s; Inl'd &
seaboard Co., 6's, G 1897, =; Wash. 1t
Infantry, LIST, 6's, 1904 1Ol; Wash. 1t. In
fantry, Cd, rs, 1904, 100; Wash. Gas Light
Co., Ser. A, 6's, 121; Wash. Gas Light Co.
Ser. B, 6's, 122; Hygienic Ice Company, Isl
Mort, 6s, :.
National Bank stocks-Bank of Wash
IDgton, 470; Bank of Republic, 26O; Metro
politan, 267 Central, 300, Secoud, 1851
Farmers and Mechanics, 100; Citizens
lf6; Columbia, 1s0; Capital, 1l9; Wes
End, lO2.
Railroad Stocks = Washington and
Georgetown, 2s5; Metropolitan, no. Co
lumbia, 72; Capitol and North o Street
ia; lexington and Soldiers Home, rs
Georgetown and Tennallytown,5os; Bright
wood, So.
Insurance Stocks-Firemen's, "A; Frank
lin, 55; Metropolitan, s5; National Union
s0s; Arlington, 100, Corcoran, "a; Colum
bia, lss; German-American, $50; Potomac
IS; Riggs, 81; Peoples 81.
| Title Insurance Stocks-Real Estat
Title, 12S; Columbia Title, es; Washington
| Title, =.
| Gas and Electric Light stocks-W Washing
ton Gas, %; Georgetown Gas, AS; U.
Electric Light, 100.
| Telephone siocks-Pennsylvani 2G
| Chesapeake and Potomac, IA; American
Graphophope, 1874.
Miscellaneous Stocks.-Wa Washington Mar
ket Co., Is; Washington Brick Machin
Co., 800; Great Falls Ice Co., 210; Bul
Run Panorama Co., 23; National Safe De
posit, 245; Washington Safe Deposit, 1870
Washington Loan and Trust Co., 81; Ma
tional Topographic, 25; Mergenthaler, 16
Pneumatic Gun Carriage, Ii American
Security and Trust Co., 504; Lincoln Hall
40; Hygienic Ice Co.. 40.