The Sunday herald and weekly national intelligencer., 1891-02-01
MY VALEDICTORY.
IN WHICH BID ADIEU TO THE HER
AIDS MANY READERS,
Who Will Hereafter Have TO Grope Along
without the Usual Report About the
Local Stock Market.


HERALD concerning the transactions in local
stocks. FRANK II. PELoUzE, 1885 + street.
Notes and Comments.
The annual statements of the Insurance Com
panies have all been made to the Commission
ers as required by law, and the showing is very
fattering to them all, and as the figures show
very satisfying to the stockholders as well.
The old reliable Franklin again heads the
list with $32, ,2S7.23 added to its surplus fund,
besides having increased their dividends from
eight to ten per cent. at the November period,
requiring $11, ,125 to pay out to the stock
holders, thus making the handsome profit of
over $4,000 on their business during the year,
representing gain of nearly 35 per cent. on
their capital stock
The progressive Columbia comes second with
$l2 SO added to its surplus, they too, having
increased their dividends from eight to twelve
per cent. in November, thus distributing $40 900
during the year to the stockholders in that way.
The percentage of gain on the capital is slightly
over % per cent.
The German n-American is close third with
$1093195 carried to the profit side OF the
ledger, in addition to which they were able to
pay out $4,000 in dividends, thus showing
gain Of nearly 81 per cent. on their capital
stock.
The Firemens made close running for third
place, their balance being $40, 1881 AS this
company had to pay out 0On in dividends,
the capital being larger, their per cent. of gain
shows up relatively less, though they really
made more money than either of the two pre-
ccding ones named. In fact so well have they
done that the January dividend was increased
from l0 to 10 per cent, which will require $780,
600 to pay them during the current year. The peri
centage was slightly over fifteen in gain.
The wonderful success of the new companies
is plainly shown by the Peoples, of Capitol Hill,
as they added $7,136.33 to their net surplus
fund during the year. This places them fifth
in the line of increase of capital, though in per-
centage they have made but per cent. Hav-
no dividends to pay, the position it gives them
shows the elasticity of figures, though they also
show that our East End neighbors are keeping
their end up pretty successfully.
The Metropolitan added So, ,076.17 to its sur
plus fund, and paid out So, 900 in dividends,
which gives them gain of 13 per cent. on their
capital.
The Corcoran shows net increase Of {, ,S37 "a,
which, added to $4,000 paid in dividends, makes
their position very close to the Metropolitan.
In both of these cases the dividend was not in
creased but the stockholders were well satisfied
and the stocks of both move upward.
The Lincoln had been in existence but seven
months, az Il during that short time had built
up a surplus of sc, 201.0S, or nearly one thou
sand dollars monthly. Admitting the same
ratio Of gain for the balance of the year and
their surplus would reach $10,500, or 104 per
cent. on their capital. In this case, also, there
were no dividends paid, which would have re-
duced the surplus fund.
In 1889 the Riggs added $S,017 to their sur
plus, making IA per cent. on their capital. In
1890 the excess was but 81, ,62361, which, added
to the $4,000 in dividends paid, shows net
gain of 1O4 per cent. The amount of business
done was about the same, but the losses being
larger, the profit side of their ledger was by
that much the loser.
The Arlington and the National Union both
pay out large sums In dividends, the former re-
quiring $4,000 and the latter $4,000 for that
benevolent purpose. Notwithstanding this the
Arlington added S3,346.41, and the Union
81, 81 to their surplus accounts, representing
respectively 22.72 per cent for the latter and
9.62 for the former, which would be twice that
much for the Arlington were it not that the
capital is double that of the other companies.
The latest candidate for public favor in this
line, the Commercial, after but a few months
existence, starts out on its career for 1891 with
a surplus fund OF 50, 1879, and q confident
hope that at the close of the year 1t will make
good showing and secure good place in the
line.
A study of these figures will show that our
insurance companies are wisely and proftably
managed and their stocks are good things to
have, either for present returns or prospective
advances.
Little grains declining,
Little drops in stocks,
Make the sea of trouble
Swallow up the rocks"
Oscar Wilde In recent magazine story, puts
these words in the mouth of one of his char
| acters: "You know we poor painters have to
show ourselves In society from time to time,
just to remind the public that we not saw
ages. With an evening coat and a white tie, as
you told me once, anybody, even a stock
broker, can gain reputation for being civil
ized.n
"The directors congratulate the stockholders
on the realization of dividend and feel conf
dent that hereafter regular quarterly dividends
of at least similar amount (3 per cent? can be
declared and paid from the net profits of the
company."-From the last annual report Of the
Grdphophone Company.
'Tis strange, but true, alas alas!
OF many Wall-street wight
That he rides there in the morning,
But walks from there at night.
Profitable Cable Roads.-The profits of the
San Francisco cable roads are gorgeous. The
original Market-street road cost, l am in
formed, $2,000000 to build The company
issued So, 100000 of per cent bonds, running
! for thirty years, and Mr. Flood took
them all at par These bonds to-day
| are quoted at $l.25. 1t will be seen
that so far from the construction of
| its road costing the company anything
| it cleared a million by the operation. AS Sc
| curity for the bonds $5,000,000 in stock was
| issued That stock is now SO valuable that it is
| not on the market. 1t is all held by the com
pany-to wit the gentlemen who own about
everything else in California they care to,
| Messrs Stanford, Huntington, and Crocker.
| The road pays net profit of about 100000 a
year.-Los angeles Express.
Wonders of the PhonogGph. phono-
| graph is, at present, more wonderful than
| useful But little has been done, as yet, in the