The Sunday herald and weekly national intelligencer., 1890-05-04


unlucky one, but the persstency with which
Graphophone has hung around it during the
past few weeks would indicate that IT bad no
terrors for that mercurial security. 1t would
also indicate that the peg" had been placed at
that figure, below which it was not TO be allowed
to go. After hanging around that price for
three weeks it was very natural to look for some
movement, and the general trend had been
so persistently downward the natural reaction
was the thing most to be expected.
1t came on Thursday and with rush like a
small sized cyclone took up everything laying
around at Sl3 and, gathering force as it swept
along, reached S1450 at the close of the market
yesterday, having taken up l.125 shares during
the week with strong bid of 14s at the close and
more by offering at 14i. The causes assigned are
various. but as the fact exists that decided ad-
vance in the stock did take place it might appear
that those who were buying so freely were fully
informed as to whatever good things were IN
remind NV readers that rapid changes in this
stock have occurred several times before and the
causes assigned have always been 1aSorape, @ so
ments c,tn, grdno sails. and with plenty of it;
Telephone, too, apparently touched bottom
this week at 20, slight reaction took place IN
it on yesterday, and on small sales 1T showed up
little stronger, advancing to 7o5, with sales Of
sale ale Of # 20 shares at r. followed by % at IL,
and IL at 7OS, and on the following day 30 at 20:
20 at 7ot. Quickly followed by one of IL at 70i and
in turn by of 20 at 1Os, with closing bid OF
70and offerings at H. At this price it pays lit
tie better than per cent, and the prospect is
held forth of return to the old dividend in the
course of a year or two :.
the fight for the control of the "Belt''-or, as its
charter calls it, the Capitol and North O-street
months, eliminated on yesterday, when the
books closed for the transfer of stock, and the
opposing parties will now concentrate their en-
ergies on the endeavor to hold their forces well
in hand until the day of election, which takes
place on the 10th instant Both parties are
hnlA nla m
that they have gained control, but until the votes
are counted it is dangerous to make calculations
as to the number of chickens one will become
the possessor of before the process OF incubation
is entirely completed.
and the holders of shares have had a glorious
opportunity to profit by. it and realize hand
somey had they been so disposed.
Some of them have taken advantage and
parted with their stock, realizing what one
At that time the stock could be had at $40 per
share, and on the basis of sales this week it did
not need very large 9uaphtitiy to oUG very ma To
those who have failed to take advantage of the
present golden opportunity to convert their
may apply when he said, "There is a tide Ia the
affairs of man, which taken at the flood leads on
to fortune" and then again it may not apply.
Time will tell.
The sales noted were 20 shares at and so at IS,
with large private sales at the latter figure. At
this point the top was reached and a halt called
any further advance.
10 lexington S5 was.realiZed, though further Of
ferings at this price were not availed of. George
town and wss q il IN f gooa ns
ready sale at 80, with closing bid OF same price
for more.
bringing 40, though later in the week Is shares
day following ll6 For $4,000 of the convertible
snt sosRs IN
of IL Metropolitan at 26O. and 10 at 26Oi. For l3
Republic 2eC was considered fair price, and G an
lumba is always sure to find purchasers when
offered low, and 45 shares readily brought 1921
with sale later of 10 at lS3 and no further offer
ings at these figures.
American Security, which has recently shown
some weakness took on quite a squirt yesterday,
and $50 shares were eagerly taken at prices rang
ing from 49s to 5Ol with an offer to take an ap-
parently unlimited quantity at about same
prices. One sale of 20 shares at 49, earlier in the
week, was also noted.
The Washington Loan and Trust for the first
time in many weeks, was without interest, no
transactions being of record
Insurance stocks We're dull, the only sales
being of 80 Firemen's at 4Gs and l40 Peoples, at
81 though the bids on all of them show willing
ness to buy at what is considered fair price;
seldom noted was five shares National Safe De-
posit stock at 250. Until January of last year
this stock had never appeared on the Exchange,
though a daily bid was regularly made for it,
but evidently the owners knew they had a good
thing, and, having a good thing. determined to
hold on to it. The first sale ever known was
made at $500 and while the present hgures show
loss OF SOU per snare III is nOU DelleNeu tndI any
large amount could be had at tins apparently
that with the trust powers desired granted it
would be worth twice this sum.
For seven shares Great Falls Ice stock 3l5 was
paid, the highest price yet noted.
Sales of 800 Washington and Georgetown con-
vertible bonds at 100 and $1,000 at 200, with S7OO
Light Infantry 2d's at 1929, represented the only
sales of bonds except the Electric Light, hereto
fore stated. Taken altogether, the week has
been good one, and the prospects are favorable
for good business during the entire month
Notes and Comments.
May Day was celebrated by the brokers in a
somewhat unusual though decidedly pleasant
manner MIR. William b. Gurley, the general
secretary of the board, having previously an
uounced that on that day he would form a CO.
partnership with Mr.. Fred. G. Stevens for the
better carrying of his growing business
the members of the Exchange, after the daily
meeting, proceeded in body to their office to
pay their respects and to extend their congrat-
ulations and good wishes for the success and
prosperity of the new firm. Arriving there
they were ushered into an adjoining room,
where the new firm assisted by Mr. Heoner, the
caterer, were soon busily employed in dispensing
their hospitality in the form Of salads, patties,
ices and the usual ct ceteras, together with
various kinds of liquid additions, OF which
Mumm's Extra Dry was a conspicuous feature
1t is perhaps unnecessary to add that the tullesl
justice was done, and that many and hearty
were the congratulations offered by all the mem
bers of the Exchange, with whom Mr.. Gurley
stands deserVedly high. Mr.. Stevens has but
recently become citizen of the District, and has
at once identified himself with local interests ano