The Sunday herald and weekly national intelligencer., 1890-11-30
LOCAL STOCKS ARE DULL.
ELECTRIC LIGHT THE ONLY FEATURE
OF INTEREST.
Overshadowing by Its Brilliancy All the
Others-Advancing7 Points Over Sales
Week Ago-Free Buying Carries 1t
Rapidly Up to 14O.

Rapidly UP to 14O.
II Had it not been for Electric Light stock the
past week on our local board would have been
"stale, fiat, and Improbable" as the major part
of the transactions represented in this stock,
the total sales representing $50 shares, running
from 1851 at the opening Monday to 1874 on
Friday, with bid of 140I on yesterday and no
stock In sight under I43. 1t appears that the
gentleman who began to sell out at 1l3 two
weeks ago has disposed of all his stock and the
friends of the company have now rallied to its
support. and coupled with considerable amount
of buying by parties not in interest the loss is
being rapidly regained and it is predicted con-
iidently by its friends that ssoo the stock is
price, based on present dividends, it would be
4per cent. return, though its friends claim that
1T can as readily pay dividend of 10 per cent.
as it does now one of 8. 1t should be remem-
bered, however that its friends made the state
ment some months ago, when the price was
200, but at l75 it grew unsteady, and finally took
very decided tumble, touching bottom at 12S,
figures. fh It's friends @ may be right, and then then
again may not, but it Is point in their favor
that right in the face of tight money market it
should recover lost ground SO rapidly.
list that they need little more than passing no.
shares, sold at &C, 0,whe 30 Georgetown and Tennal-
lytown only brought 40, followed by sale of 10
shares at 5Oi. One sale of 95 Gas at 4bi marks
lington Insurance IT'S was paid, a loss of S5 over
last sale; 40 Columbia Fire brought 49, and 100
Colum bia Title was let 20 at 81, this stock show
ing a steady decline during the past several
months. Washington Loan and Trust aud
American Security were entirely neglected, two
small sales of the latter at eSG62t being the only
ones noted III this class. Even our old friend
ness 70 SHARES seng at @ and loo brnrne but
II, with an offer to take several hundred more at
the latter figure. In bonds but $1,000 Light In
fantry 2d's ut 97} and $3.50 U. S. As at 12lA are
noted.
With the close of the month of November. at
all times one of special local stringency in money
on account of taxes, we may hope for an i'm
provement and some ease, though 1T is hardly to
s be eIpee5ed qt that any great change VIII come
terms it may be stated that the market has ex-
hibited the irregular process of recovery, and
there has been Improvement, both as to conf
dence and prices, but it has not been the staunch
recovery that appears at an advanced stage of
convalescence. Confidence has found q good
basis in the conviction that prices rule have
touched bottom and that we have seen the worst
and abroad. After such severe crisis this is
perhaps as large measure of recovery as could
be expected at this early period and its realiza-
tion warrants hopeful inferences to the luture.
But there still remains much healing TO be nc
complished, and my readers are advised to go
slow, buying only those stocks that have good
future and as far possible buying them out
right with no expectation of profit for several
months. At the present time a good balance in
bank is one of the most desirable things to have
for use whenever a weak spot like the recent
drop in Electric Light comes to take advan-
tage of.
Notes and Comments.
On Monday night last the bulls" and bears
of the Washington Stock Exchange met around
the hospitable board of mine host Felter, of
Wecker's Hotel, to celebrate the tenth anniver-
sary of it's existence and to 'renew the assur-
ances of their distinguished consideration" for
one another The affair was entirely informal
and it was understood that speechmaking was
not to be expected, but after an elaborate menu
hos lxr nd tI,n a;,xa
handed around twas found that there was still
some margin" of the evening left and "call''
was made on various members for pointers on
the market" Although mo time" had been al
lowed for previous preparation and Il number
therefore on the short" side, the acceptances''
were prompt and in generally happy vein. The
sentiments given, like the responses, were en-
tirely impromptu and were departure from the
conventional style of toasts usually given out on
such occasions. AS, for instance, a gentleman
recently returned from abroad spoke of MY
Trip to Europe and What Told the Governors Of
the Bank of England, while another whose expert
ences have been varied, responded to THE Choir
in Connection with Banking" An ex-me m berof
the board of governors of the Exchange told of
"The Trials of Il Governing Committee; or, How
We Run Things" and gentleman who has but
feelingIy of What Know About Electric Light
Elections" To the sentiment, Are You In
sured? If Not Why Not?" q member whose
connections in that line are extensive produced
allowed leave to print. why Am a Superin-
tendent" was cordially responded to by gentle
man whose experience in that line has been ex-
tensive and successful. The subject of "Farm-
ing and Finance was eXhaustively stated by
q representative jointly OF those interests, and
1.-THE Press in the Recent Financial Crisis; or
How TO Keep Posted" brought out brilliant
coruscation of editorial eloquence from repre-
sentative of the fourth estate TO the final SEN
timent, what i Know About Graphophone,"
the entire body rose AS one man to reply, and it
was decided to drink to it standing and IN silence
At d seasonable hour the party broke up. with
expressions of satisfaction ut the success of the
reunion.
X X Il
Our excellent and respected neghbor, the
Post, tried its editorial hand at something in the
financial line last Sunday, publishing an edi
torial informing the public that there was bear
on the local stock board that was particularly in.
terested ia depressing the stock of the Electric
Light Company. This knowledge seemed to
greatly grieve the phianthropic spirit of our
aforesaid excellent neighbor, and the article,
though largely deficient in facts and figures was
abundant in advice and suggestions for the guild
ance of those parties who had given their brok-
ers orders to sell their holdings. The parties for
whom the advice was intended did not, however,
seem to be affected by il, but continued to dis
pose of their stock through the week as oppor-
aud possibly also to those who purchased it, as
the closing prices show profit to those who
bought early in the week.
Il y 4
FIom a recent financial letter of Henry Clews,
of New York, have made the following encour-
aging extracts
1.-THE shrinkage in stocks and bonds during the
pas several months, eliminating when the
Barings' embarrassment was first made known
on this side, cannot amount to less than $780,
/ In INV nj cd lunA Afs,F,