The Sunday herald and weekly national intelligencer., 1891-03-22

44s up to 454, with 443 bid on Friday, and no
stock offering below 451.
In Electric Lighting stock, although there
was healthy reaction from the extreme quo
tattons which have prevailed since Congress
adjourned, there is no pressure to sell, and
the offerings are but meagre. AS there is an
expectation that there will shortly be an issue
of new stock at par, small lots OF this stock
have recently been taken at outside prices
For one share 1872 was paid on Tues
day, 81 shares brought 177l, and two
shares III The recent Improvement in this
stock is attributed to the very great success
whichha attended the new president, Capt. A.
A. Thomas, in his efforts toprocure from Con-
gress fair prices for street-lighting and addi-
tional territory to light. The compensation
secured is an increase from $40, 900 per annum
to 500, and an extension of conduits over
all previous permits Of five miles, making in
all twelve miles for new business. An addi-
tional issue. Of stock, it is believed, is In con-
temptation, as before remarked, to provide
means for doing the work. The powers of
the company to provide ways and means are
unlimited, the only restriction being that full
par value shall be realized for the stock, and
issued pro rata to each stockholder of record
on given date. Itwould be difficult at this
time to overestimate the value of the privi-
leges owned and exercised by the United
States Electric Lighting Company, and it is
predicted that before many months this stock
will attain value that would now be econsid-
The panic in Graphopbone stock which has
prevailed for several weeks appears to be
nearing a culmination, and sober second
thought 1t is believed, is about to take the
place of the recent almost universal distr,,st
of this property. 1t is believed that every
possible thing adverse to Graphophone has
been used to lower its value, and that even
the announcement of the most adverse rumors
would be powerless to further lower quota
tions Already those who have been trying
=. u
have waited too long. Should the April divi-
dend be announced early the present week
the scramble to get this stock would leave not
few of the bears heavy losers. Although
those best acquainted with the situation of
the company have not been known as
active buyers of the stock, their calm as
surance that there is no doubt of the ulti-
mate outcome of the invention has served
to quiet the fears of many. Col. Payne, the
president, said not long ago: 81 have not sold
a share of my stock. Some of it cost me $2S,
and am holding on" 1t is not doubted that
the stock which has been SO freely poured out
was borrowed and used to frighten timid
holders into letting their stock go.
The scare in Metropolitan Railroad stock
seems to have abated and the lowest offering
was at 120 with 116 the best did.
Columbia Railroad is very firmly held, the
recent handsome showing made at the yearly
meeting having led to the conviction in the
minds of leading holders that better dividends
must soon follow the growing prosperity Of
the road.
Georgetown and Tenleytown Railroad stock
is still taken as fast as offered at about 60. A
further improvement, it is believed, will fol-
low the increased travel incident to the spring
and summer months.
There were some important sales of Frank
lin Insurance stock last week. This stock is
eagerly sought, and, as the prices were con-
sidered low, it is believed the buyers will reap
a rich harvest of profit If they are willing to
part with what they have acquired at such
reasonable values. The lowest sale was at So,
the highest at GO. The aggregate sales were
$50 shares