The Sunday herald and weekly national intelligencer., 1890-05-18

Those who predicted that Telephone stock
would go to 65 have evidently revised their pre-
dictions in view of the strong advance that has
taken place in the price of this security during
the past week. On the news of the reduction
of the dividend some timid holders rushed in
and disposed of their holdings, forcing the
price down to 20, at which halt was called
and the reaction set in, carrying the price up on
small purchases to T6!, at which 90 shares were
sold on yesterday, with no further apparent
offerings at less than so. The action of the
company in reducing the dividend, rather than
placing a bonded Indebtedness on the plant,
now that it has been discussed and digested
seems to meet general approval. The sales
aggregated 50 shares, running up from 73! to
76l as noted.
Electric Light also showed up stronger 20
shares selling at 100, with daily bid of same
price for more, and none offering under 1875
Prudent people say that this stock will go
much higher. If the stock continues to pay s
per cent. it ought to go higher than present
rices.
Bank stocks were in good demand, prices on
nearly the entire list advancing, Columbia alone
being the exception. But holders, believing
they had good thing, declined to part with it,
and sales were limited to three Bank of Wash
ington at $500. Private sales of Lincoln at 90
reported.
Metropolitan Railroad in three lots, aggre-
eating 27 Shares found ready market at IT'S,
which is an advance over previous recent sales.
Belt now that the election is over dropped off,
20 shares selling at 20, with 40 more at 70, the
| general opinion being that 70 is about bottom
for this stock. lexington showed weakness on
| small sales, II shares bringing 81, 5 more so,
and 10 on yesterday but Is, with closing bid
| of 75 Georgetown and Tennallytown was in
| good request, four lots, aggregating 46 shares,
| finding market at SOL
I
one lot of 43 American Security was taken at
| 5O!, with an offer to take enough more to fill
| an order for 100 shares.
Insurance stocks were dull, Riggs showing
weakness on free offerings, $50 shares bringing
| 50, and 100 more 81. For7 Columbia Fire 1SI
was paid, and for Is Columbia Title 6s was con
sidered a fair price. Real Estate Title brought
| 1870 for Is shares.
! fuse some new life in it proved abortive, and it
soon dropped back into its old position, which
| seems now to be in the neighborhood of the S13
peg. The sales amounted to 425 shares, com
mencing with one of 20 ut 15s, and closing with
one of so at 13s. All sorts of rumors are flying
around about it, and the lack of enthusiasm of
the dear public is discouragng to the average
broker, who looks eXpectantly for the one
| time numerous orders and the consequent
agreeable commission.
That other prospective future fortune, Pneu-
matte Gun Carriage, seemed to have come to
sudden stoppage on yesterday, when 500 shares
were ladled out at It, with an offer to accom-
modate a suffering public with as much moro
at same figures if wanted. But there are times
when the public gets enough and yesterday
was one of those days.
Bonds were little more active than usual,
though the sales were not extensive; S400 Gas,
series B, brought 1913, one small lot of $3.50
Light Infantry 2d's sold at 1901 and resold at
! 100! The only offering of Washington and
| Georgetown Railroad bonds $500 WORTH were
snapped up at 212!, and the first public sale of
Hygienic Ice bonds ($l,5OO WORTH realized
par 100.
money market and the high rates at which it
was run up to, it does not seem to have affected
the local supply, as there is no stint of money
| here
ELECTIONS OF OFFICERS.
| The new directors of the Belt Line Railway
| Company have organized for the ensuing year
by electing Mr.. George White, President; ". j.
| Cowing, Vice President; II. X. Gray, secre-
tary and Treasurer; Andrew Glass, Superin-
tendent; W. II. Mangum, Assistant Superin-
! tendent.
| At meeting of the stockholders of the Peo-
ple's Fire Insurance Company in East Wash
ington on Tuesday the following were elected
trustees to serve for the ensuing year. Allen c.
Clark, A. s, Caywood, Henry +. Getz, John L.
Herrell,, BENJAMIN F Leighton, Henry A. Lin
ger, John Miller A. McLachlen John Nc
Gregor, John II. O'Donnell, Charles II. Parker
Richard L. Pairo, John &. Slater, Henry X.
Simpson, and William Wtthaft, and at a sub
sesuent meeting the following were elected the
! OHlcers OF lhe company; conn u. slater, ITesl-
! dent; Benjamin f. Leighton, Vice President,
and Henry X. Simpson, Secretary.
The Riggs Fire Insurance Company held
| their annual election on Wednesday last, and
| the following were elected trustees to serve for
the ensuing year: NJ w. Beyerldge, n. w,
| Burchell, E. S. Hutchinson, Thomas Hyde,
! William H. Morrison, T. f. Schneider, Henry
Semken, Edw. j. Stellwagen, and William S.
| Thompson. Out of 10000 shares II 200 were
voted, $1,000 being cast for the entire ticket
and the balance for all but three of the candi-
dates. Some talk had been made about an OPP
position ticket, but apparently it did not crys-
talize, though some scratching was done.
| FRANK III. PELOUZE,
| 1918 street.