The Sunday herald and weekly national intelligencer., 1890-11-09

The activity in Pneumatic Gun Carriage dur
ing the past fortnight is one of those unexpected
events which at any other time would excite
considerable SURPRISE and even now, with the
unwillingness of investors to buy anything but
good productive stocks, it is still a cause for
wonderment and inquiry. The record of the
week shows that OH shares sold at 80 cents,
100 each at 81 and 96 cents, and 700 at ST. to
which may be added the information that
pool was formed and 2,060 shares were taken
up with the expectation that handsome profit
would be realized The present condition of
the company, it is stated, warrants the belief in
this and the successful test of the S-inch
naval carriage on Thursday at Annapolis is ad-
vanced as furnishing good ground for such an
expectation. Anyway the aggregate of sales
reached an even 4 4000 and with the 1000 sold
the week previous made up very respectable
show of interest, although not such an extrava-
giant sum of money.
There is a homely but expressive old proverb
which reads, ''Do not halloo till you are out of
the woods,' which might in this particular case
be also supplemented by that other decidedly
expressive one, Don't run away with more
than you can carry.' Thursday week the
''bears" had little tun and ratified prices off
on Graphophone with celebrity and disregard
of other peoples feelings quite pleasant to con-
template. But they took little vacation and
early in the past week the "bulls' came in and
tossed up everything as though they were going
to carry things skyward, succeeding in getting
the price of Graphophone up to 144. But at
this point their courage forsook them and, COM
mencing gradually to drop, the market closed
on yesterday with last sale at 13s as against 141
at the beginning of the week. The transactions
for the week aggregated 653 shares, of which
303 brought AZ, 100 14s, SO each at 143@144,
100 at a. and so lat 13s, closing with 134 bid and
offerings at 49, not accepted.
The activity in bank stocks was not specially
pronounced, but it is pleasant to note that the
prices paid show the continued confidence in
this class of securities. Only seven transac-
tons are noted, but out of these five show an
advance over last previous sales and the other
two-10 Traders at 125 and at 1874 hold their
own. In detail they were 10 West End at 102
and 10 at 1014, one small lot of 5 Lincoln at
i19i, and 10 Capital at l22
The only special feature in railroad stocks
was the lower prices registered on lexington
on small sales, 20 selling at 65 on Monday fol-
lowed by Is at 63l, and on yesterday 20 at 81,
the stock receiving but little support from the
public, the business being solely among the
room traders. Five Washington and George
town, offered at 24S, were taken up, and the
same price bid for more. which was not forth
coming.
AS stated last Sunday, g. was the limit placed
on the Columbia Title Insurance, and all the
stock offered at that figure is freely taken up,
$50 shares bringing that price and 200 more
6 GIG, the Exchange permitting sales at a
sixteenth.
Gas and Electric Light both show some little
weakness on small sales, 25 Gas going at 464
and so more at 46, while three sales of Electric
aggregatipg 25 shares are noted at 1524(0151!.
The balance Of the list was of little interest,
the sales representing Arlington Insurance at
1S5, and 100 Riggs at 81 so Washington Market
at 1S4, AZ Loan and Trust at AZ, and 30 Ameri-
can Security at CO.. Bonds were almost entirely
neglected, the only sales being of 500 U. S. As
at 1888, ID. G. 365's at 1919, and $3.50 Light In
fantry 2d's at 9S.
The money market continues stringent, with
no prospect of any improvement during the
present month; in fact, the last week of the
month is apt to show an increasing stringency,
as few persons pay their taxes until that time.
But the good times are not far distant and
1891 will bring with it prosperity and happi-
ness.
Notes and Comments.
On Wednesday of this week the stockholders
of the Washington Loan and Trust Company
will hold meeting at Martinsburg, w. Va,
(under the laws of which State the company is
chartered for the purpose of considering the
advsability of reorganizing under the act of
Congress passed last session. There is little
doubt but that such decision will be made and
as soon as possible thereafter the change will
take place Under this act it will be necessary
to place the shares at 500 par value SO that it
will require twenty of the present shares to
make one of the new. The change will entail
considerable labor on the company, but it will
prove of such great advantage that it will more
than compensate them and will serve to
strengthen and soldify the company, if such a
thing were necessary. Those holders who have
any fractional part of twenty shares will need
to buy enough more to make up that amount,
and the company fortunately have some stock
in the treasury to fill it out.
K X X
Tuesday next the annual meeting of the
Electric Light Company will be held at Har
per's Ferry and a repetition of the monkey and
parrot convention is one of the probabilities to
be expected. The struggle on the part of the
"outs" to get in has been vigorous one, with
considerable brass band accompaniments and
they confidently assert that the little political
episode of Tuesday last will be as a zephyr
compared to the cyclonic sweep they will be
able to make at that time. The general opin-
ion among the brokers is that their claims are
not unfounded and that victory will perch upon
their banners, but then doubtful things are
mighty onsartain,' and the battle is not won
until it is over In the mean time parties ''on
the fenee'' are advised to make ready to drop
as soon sle votes are counted. 1t is stated
that the present board, with three exceptions
will be reelected, it being understood that they
are favorable to a change in the presidency
which is the principal cause of the fight. In