The Sunday herald and weekly national intelligencer., 1890-10-19
A FAIRLY ACTIVE MARKET.
THOUGH AT A GENERALLY LOWER
RANGE OF PRICES.
Columbia and Riggs Fire Insurance, Real
Estate Title, and Washington Loan and
Trust the Principal Features-No Sales
of Graphophone.

There is but little of am encouraging nature in
the local stock market at the close of another
week. Prices generally show lower range, the
only exceptions being in Riggs and Lincoln Fire
Insurance, which show small advance over
last recorded sales. Columbia Fire on free Of
ferings lost half point from last weeks sales.
Columbia Title was weak at 6s. Telephone on
one sale dropped to 70. "Belt' Railroad would
not command more than 60. Georgetown and
Tennallytown lost % points. Washington and
Georgetown on two sales of but five shares each
tumbled to 260. Washington Loan and Trust
dragged in the early part Of the
week, with a rally to al on yes
terday. Pneumatic Gun held at 81, with sales
of 200 shares. Real Estate Title was strong
at 1877. West End Bank held at par and Ecking
ton Railroad was steady at 65@67. Lincoln
Fire advanced 25 cents to 81, and all the Riggs
offered up to 81 was taken up. Bonds were
entirely neglected, but one sale Of 81 500 U. S.
as at 1881 being noted
Probably the most remarkable thing about the
business of the week was the fact that not
single sale of Graphophone was recorded,
condition which has not before obtained since
it was put on the "Board" two years ago. The
bid varied from 144 to 1853 and the offerings
from IS to 16, but neither buyer nor seller could
apparently come together.
The sales inldetail were as follows: 10 West
End Bank at 1908, 5 Columbia at 1754, Metro
politan at 27O, 100 Columbia Title at 6s, al Real
Estate Title at 1877, 5 Washington Gas at 475 Is
Chesapeake and Potomac Telephone at 70, 200
Pneumatic Gun Carriage at 81, 100 Lincoln Fire
Insurance at 81, 13o Columbia Fire Insurance at
III, and 100 at III, with small sales at IS; 10
National Topographic at % and so at 81, 100
each Riggs Insurance at ST, 81 and 81, 25 George
town and Tennallytown at 539 and 10 later at
So, 80 Capitol and North o Street Railroad at
GO, each Washington and Georgetown Railroad
at 2623@260, lexington at 81, with II at &c
and 5 at 653, and 100 Washington Loan and
Trust at AZ, so at 1916, and 220 at AZ.
Taken altogether, the week was not particu
larly satisfactory one, and it is general opin-
ion that lower prices on almost the entire list
will yet prevail. The trouble is not that there
is any disposition to depress prices, but that the
. public will not come in, and hence prices go
Gown for want OF needed support.
Notes and Comments.
The annual meeting of the American Graphic
phone Company was held at Harper's Ferry on
Monday last, and $4,000 shares out of total
of 10000 represented in person or by proxy.
The reports of the officers were read and the
condition of the company shown to be most ex-
cellent, with very fatterng prospect for the
future. The agreement recently made with the
lessee, Mr.. Lippincott, was unanimously rati-
fed, and the old board of directors, consisting
Of Messrs James G. Payne, Charles j. Bell,
Andrew Devine, John II. White, James A.
Bates, Edward ID. Easton, and Robert o. Holtz-
man, with equal unanmity reelected. Several
large stockholders present expressed them
selves enthusiastically respecting the condition
of the company, one gentleman, whose holdings
aggregated considerable over one thousand
shares, offering to exchange large block of
local bank stock for an equivalent in Graphic
phone, which would have about doubled his
holdings in the latter stock AS soon as the
reports can be printed they will be distributed
among the stockholders, and large increase in
orders for the stock is expected by the brokers.
In the mean time the dividend payable on the
18th is being distributed to stockholders of rec
ord on September 30. 1t was confidently
stated that this dividend would be continued
quarterly, in which case it would be a net per
cent return on $40 per share.
Il Il
The fight for the control of the Electric Light
Company goes brayely on, both sides claiming
a majority of the votes, and on the part of the
.outs, an expressed willingness to wager un-
limited sums as to the successful outcome of
their claims. All the same, it is observed that
they lose opportunity of securing any
large blocks of stock that may be offered, and
the fortunate holders who may take advantage
OF the present opportunity have a good chance
of making successful winning, If, by follow
ing out the advice of the late Mr.. Shakespeare,
they avail themselves of this particular slide in
the affairs of man which taken at its flood leads
on to fortune" The Sins" on the contrary,
seem to be remarkably quiet and are relying
either on the justice of their cause, or perhaps
are conducting still hunt, and will ''bob up Sc
renely" on the day of election with the all
powerful silent voter.
To the lookers-on while the fight is source
of much amusement it is somewhat difficult
to suggest any good reason for its being. Under
the present wise and efficient management the
company has steadily progressed, overcoming
all the prejudices which existed against it, Sc
curing necessary legislation to its greater devel-
opment, and, in word, bringing it up to
successful and paying condition and making
the holders of the stock comparatively wealthy.
The present officers among our best known
and most successful citizens, and hence the
query, Why the necessity for a change Quoting
again the erudte gentleman before alluded to-
the language which he puts in the mouth of
that wise Cardinal, Wolsey, to his faithful SER
want might be apropos
"Cromwell, charge thee fling away ambition
BY that sin fell the angels; how can man then,
The image of his Maker, hope to VIM
the presidency of the Electric Light Company
byit
\ \
An advertisement in the Star during the week
brought painfully to mind that just three years
ago this month the investing public were all
torn up in an eager desire to secure a little of
or fuah hon fIno ofo IL