Newspaper Page Text
JUtfr 3afflU:g &kitxn ntKlliQUK:v
OCTOBER 19, IS90.
PAGES 9 TO 16
A FAIRLY ACTIVE MARKET.
YOUNG PEOPLE INTERESTED
THOUGn AT A GENERALLY lOIVEB
RANGE OP PRICES.
LIKEWISE THEIR SISTERS AND THEIR
COUSINS AND THEIR AUNTS.
Columbln nntl Klggs Flro IiiRurnncc, Real
Estnto Title, and Washington Loan nnil
Trust tho I'rlnclnnl Features No Sales
There Is but little of om encouraging nature in
tho local 6tock market at tho closo of another
week. Prices generally show a lower range, tho
only exceptions being in Klggs and Lincoln Flro
Insurance, which show a small advance over
last recorded sales. Columbia Flro on freo of
ferings lost a half point from last week's sales.
Columbia Title was weak at Gg. Telephone on
one sale dropped to 70. "Bolt" Railroad would
not command more than CO. Georgetown and
Tonnallytown lost 2J points. Washington and
Georgetown on two sales of but flvo shares each
tumbled to 2G0. Washington Loan and Trust
dragged In the early part of tho
week, with a rally to 4J on yes
tcrday. Pneumatic Gun held at SI, with sales
of 200 shares. Real Estate Titlo was strong
at 127. West End Bank held at par and Ecking
ton Railroad was steady at 0507. Lincoln
Eire advanced 25 cents to 51, and all tho RIggs
offered up to 81 was taken up. Bonds were
entirely neglected, but ono sale of 51,500 U. S.
4's at 1231 being noted.
Probably tho most remarkable thing about tho
business of tho week was tho fact that not a
single sale of Graphophono was recorded, a
condition which has not before obtained slnco
it was put on tho "Board" two years ago. The
bid varied from 141 to 153 and tho offerings
from 18 to 10, but neither buyer nor seller could
apparently come together.
The sales iudetall were as follows: 10 West
End Bank at 1001, 5 Columbia at 175J, 4 Metro
politan at 270, 100 Columbia Titlo at 06, 41 Real
Estate Titlo at 127, 5 Washington Gas at 473, 15
Chesapeake and Potomac Telephone at 70, 200
Pneumatic Gun Carriage at $1, 100 Lincoln Fire
Insurance at 51, 130 Columbia Firo Insurance at
171, and 100 at 17., with small 6ales at 18; 10
National Typographic at 23 and 50 at 21, 100
each Riggs Insurance at 81, 81, and 81, 25 George
town and Tennallytown at 531 and 10 later at
52, 30 Capitol and North O Street Railroad at
CO, 5 each Washington and Georgetown Railroad
at 2021200, 5 Eckington at 57, with 11 at CO
and 5 at 051, and 100 Washington Loan and
Trust at 4g, 50 at 4 13-10, and 220 at 4J.
Taken altogether, the week was not aparticu
larly satisfactory one, and it is a general opin
ion "that lower prices on almost the entire list
will yet prevail. Tho trouble is not that thero
is any disposition to depress prices, but that tho
ipublic.will not poracln, and honco prices go
down foi"waut of needed support.
Notes nntl Comments.
Tho annual meeting of tho American Grapho
phono Company was held at Harper's Ferry on
Monday last, and 48,000 shares out of a total
of 00,000 represented in person or by proxy.
The reports of the officers wero read and tho
condition of tho company shown to bo most ex
cellent, with a very flattering prospect for the
future. Tho agreement recently made with tho
lessee, Mr. Llpplncott, was unanimously rati
fied, hud tho old board of directors, consisting
of Me66rs. James G. Payne, Charles J. Bell,
Andrew Dovlne, John II. White, James A.
Bates, Edward D. Easton. and Robert O. Holtz
mau, with equal unanimity reelected. Several
largo stockholders present expressed them
selves enthusiastically respecting tho condition
of the company, ouegentleman, whoso holdings
aggregated considerable over ono thousand
snares, offering to exchango a largo block of
local bank stock for an equivalent in Grapho
phono, which would have about doubled his
holdings in tho latter stock. As soon as tho
reports can bo printed they will bo distributed
among tho stockholders, and a largo increase in
orders for tho stock Is expected by tho brokers.
In tho mean time tho dividend payable on tho
15th Is being distributed to stockholders of rec
ord on September 30. It was confidently
stated that this dividend would be coutlnued
quarterly, in which case it would be a net 0 per
cent, return on $20 per share.
Tho fight for tho control of tho Electric Light
Company goes bravely on, both sides claiming
n majority of tho votes, aud on the part of tho
"outs" an expressed wJIlinguess to wager un
limited sums as to tho successful outcome of
their claims. All tho 6ame, it is observed that
they lose no opportunity of securing any
largo blocks of stock that may bo offered, and
tho fortuuato holders who muy toko advantage
of tho present opportunity havo a good chance
of making a successful wiuuing, If, by follow
ing out tho advlco of tho late Mr. Shakespeare,
thoy avail themselves of this particular "tldo in
tho affairs of man which taken at Its Hood loads
on to fortune." The "Ins," on tho contrary,
seem to bo remarkably quiet, and nro relying
cither on tho justice of their cause, or perhaps
aroconductlng a still hunt, and will "bob up se
renely" on tho day of election with tho all.
powerful silent voter.
To the lookers-on, while tho fight is a sourco
of much amusement, it is somewhat difficult
to suggest any good reason for its being. Under
the presont wiso and ofllciont management tho
compauy has 6teadlly progressed, overcoming
all tho prejudices which existed against it, so
curing necessary legislation to Its greater devel
opment, and, in a word, bringing it up to a
successful and paying condition aud making
tho holders of tho stock comparatively wealthy.
Tho present ofllcers aro among our best known
and most successful citizens, and hence tho
query, Why tho necessity for a change? Quoting
again tho erudite geutleman beforo alluded to,
tho language which ho puts In tho mouth of
that wiso Cardinal, Wolsoy. to his faithful ser
vant might bo apropos ;
"Crpmwoll, I chartro thoo, filng away umbltlon
Ily that sin fell tho angels; how con man then,
Tho imago of his Maker, hopo to win"
tho presidency of tho Electric Light Company
Jf. if. if
An advertisement in tho Star during tho wsok
brought painfully to mind that just threo years
ago this month tho Investing public wero all
torn up in au eager desire to secure a little of
that prospective bonanza, tho stock of the Lino
typo Company. Tho capital, limited to 4,000
shares, was so largely over-subscribed that an
allotment of six shares to every hundred was
all that could be made, much to tho disgust of
those who saw a small fortune by that means
denied them. The advertisement simply gives
FRIENDS IN LIFE, IN DEATH THEY WERE
notice of a forfeiture of tho stock held by those
who have failed to pay their assessments, and
it may bo stated to those who may not havo re
covered from their disappointment of threo
years ago that possibly their desires can now ho
gratified and at a saving of money.
Tho pauic in Washington and Georgetown
and Metropolitan Railroad stock which began a
fortnight ago seems to bo holding on with a
persistent pertinacity positively painful to those
who bought last spring, or, having somo, re
fused to part with it at the high prices then
prevailing. It affords, too, the "I-told-you-so"
class of peoplo a pleasant and favorable" oppor
tunity of reminding the theu enthusiastic be
lievers in it that their predictions' wero not
wholly wrong, or their advlco to 6oll was not
entlroly groundless. "Coming events cast
their shadows before," and thero seems to be a
feeling that tho ''end is not yet," and that a
still lower range of prices may bo expected.
If "what goes upmustcomo down," to quoto
a school-bcy phrase, thero is much room for tho
As this veracious chronicler stated last Sun
day, tho surplus of tho Columbia Flro Insuranco
Company haviug reached an amount equal to
their capital, tho generally understood and ac
cepted Idea that the re6iduo as mado would ho
distributed among tho stockholders might bo
expected to shortly begin. At the meeting of
tho directors on Monday last this idea was car
ried iuto effect by raising tho semi-annual divi
dend from 4 per cout. to 0, or 30 cents per
sharo, as agalu6t 20 heretofore, but instead of
having a strengthening effect on tho stock, as
was generally predicted, tho sales show a loss
from previous figures. At tho Increased rato it
pays 3 per cent, on a basis of $20 per 6haro, or
just one-half tho return made on Graphophono
at same price.
Tho West End Bank, having found that their
location was hardly good enongh to sustain an
enterprise of that character, havo purchased
tho building No. 1415 G street, and as soon as
It can bo fitted to their needs will move in. It
is stated that tho price paid equaled $23 per
foot, Including tho improvements.
It Is learned that a gentleman who a year ago
was an enthusiastic purchaser of Washington
Loan and Trust stock, paying in most cases a
premium of 25 cents per share, and buying sev
eral thousand shares, has finally laid down his
hand and passed out with a loss of about thir
teen hundred dollars, closing out his entire
holdings at 4.80 per sharo. With a commend
able philosophy ho pockets his loss and cheer
fully predicts that now tho prico will advanco
and tho "other fellow" como in for a profit.
It Is roported that such of tho $200,000 worth
of the stock of the Washington Loau and Trust
that yot remains to mako up their capital to
a round million, and which has recoutly been
offered to present stockholders, that may not
bo taken up by them will bo taken by a syndi
cate now formad. The probabilities aro that
if such a thing Is done the stock will show an
Improvement on the market.
Fuank II. Pei.ouze, 1835 F streot.
Equitable O. B, Association.
The following is from a lotter addiessed to
the shareholders by tho board of directors an
nouncing tho opening of subscription hooks
for the 20th lesuo of stock:
"Washington, D. C Oct, 14, 1800.
"To the Shareholders:
"Tho amount of business transacted by tho
Association has largely increased during tho
i past year, and, with tho beneficial results re
' iillzed by the shareholders, has further deuion
, strated that the Equitable is a practical and
successful cooperative saving and loaning
"Tho regularity of saving the same amount
each month by largo numbers, with fair profits
inuring, as practiceu in tnis Association, is, we
believe, tho great factor In successful coopera
"It has caused thousands of peoplo to save
and accumulate in this Association, and thereby
lay a foundation for ultimately securing homes,
who otherwise would not havo improved their
"Tho receipts during tho past twelve mouths
have been $1,001,055.3-1, being $107,014X0 moro
than tho preceding year, and tho total receipts
have been $5,878, 132.49. Including the l'Jth
ssuc, 47,099 shares havo been taken by tho
members. Tho 19th or May issue was 4,000
shares, which Is 400 in excess of any previous
subscription. Advances or loans to the share
holders havo been $3,050,800. Tho net earnings
have been $204,077.09, of which $119,000 has
been paid on shares redeemed. In eleven years,
involving tho largo transaction given above, tho
Equltablo has not sustained tho loss of ono
dollar, and has foreclosed but ono mortgage.
"We call attention to tho 20th Issue of stock,
which is now open for subscription. By ac
quainting others with tho new Issue you will
aid In maintaining and increasing tho useful
ness and extending tho benefits of tho Associ
ation. By order of tho board of directors.
"John Jov Edson, Secretary."
Ofilce, Equitable Building, 1003 F street.
ii n .
The Ohio National Bank.
Tho recently orgauized Ohio National Bank
will begin busluess with bright prospects. Col.
Taylor, of Ohio, who ha6 been elected president,
hos ably represented an importaut district of
his State in Congress f pr a number of years, and
with him as president success is assured. Tho
new bank proposes to erect a largo and hond
somo building on tho northwest corner of
Twelfth and G streots northwest. Tho base
ment will bo occupied by vaults for a safe de
posit company, tho first lloor by tho bank, and
tho remaining stories by offices. Tho bank will
begin operations on January 1, temporarily sit
uated on tho northeast corner of Twelfth and
G. In threo days after tho stock books woro
opened for subscription moro than fifty thou
sand dollars in excess of tho capital ($200,000)
had been subscribed. Mr. John O. Johnson
will oflleiato as vlco president, with tho follow
ing as directors: Col. Taylor, John O. Johnson,
A. Lisuor, and Mr. Woodward.
Autumn Attractions Along tho Wash
ington and Ohio Railroad in Vir
ginia. Tho summer patrons havo returned to tho
city from their country homes along the" AVash
iugtou and Ohio Railroad and tho fall travel
takes their place. Tho huutiug and fishing this
season Is far ahead of anything known beforo
for years in this region. Tho Washington
hunters, aro numerous, aud tho same parties
with their friends return every year, so eucour
aglug do they find tho rabbit, squirrel, and quail
shooting and bass fishing. Tho patronage has
increased so rapidly that tho extra train, put on
for a few months only, will remain all winter.
A "Y" is contemplated at Lecsburg or Smith's
6vltch in order to run now late trains as far up
as possiblo and so, enablo mechanics to do a
day's work In Washington or Alexandria and
return to their homes each night. Under tho
excellent mauagemjiut of tho Richmond aud
Danvlllo system this road is fast rlvaliug tho
beet roads of tho country, and tho increased
patronage and growth of villages along its
route indicate that tho public appreciate tho
j A SUCCESSFUL. ENTERTAINMENT.
Hancock Coimnunu Gives Itn FrionclH a
J Delightful Evening.
v. o. uaucocic uommanu iso. 1 gave on
Friday evening the first of a series of entertain
ments provided for the winter. G. A. R. Hall
was packed with an appreciative and clegautly
dressed audience, friends of tho Union. Tho
orchestra rendered the army songs, bugle calls,
and familiar refrains of war times, the sur
geon's call not being forgotten, but no sick and
lazy soldiers responded. The opening address,
by John Finn, colonel commanding, was de
livered in a happy manner, followed by singing
by tho U. V. U. quartette. The recitations, by
Comrades George B. Fleming, Dinsmoro,
Dailey, and Southwick, and Miss Cassie Slbloy
wero loudly applauded. Vocal and piano solos,
by Miss Carrio Brookfield aud Mrs. Phillips
were encored. A comic song,by Charles S.West,
brought the audience to their feet. Ho M'as called
a fourth time to tho platform. Llttlo thirteen-year-old
Nora Torrens sang "Tho Song That
Touched My Heart" beautifully for ono so
youug, and as an encore gave "Miirguerctte,"
accompanied on tho piano by Miss May Lewis.
The drill, by Carberry Cadets, consisting of
fourteen young ladies, was perfect. This drill
squad, and the drill master, Chester McGowan,
deserve great praise. The young ladies aro
Sallio Fleninken, captain; Alberta Larman, fir6t
lieutenant; Irene Buck, second lieutenant;
Mary E. Stuart, first sergeaut; Agnes B. Dillon,
Lottie Bullon, Marie A. Dillon, Grace Martin,
Maggie Carmody, Marlon Carter, Mamie
Hughes, and Edith Tappan.
Tho presentation by Past Commander-in-Chief
M. A. Dillon of tho buttou badge of
honorary membership to tho ladies and gen
tlemen who had won them by selling tweuty
flvo tickets, and conferring on them tho hono
rary degree beforo a public audience, was u
now departure, aud tho ceremony was beauti
ful. The names of tho lucky persons wero
Misses Mary E. Clements, Nora Torrens, Agnes
B. Dillon, Mattlo Foos, Mario Gussle Dillon,
Casslo Sibley, Mrs. M. U. Rice, Mrs. D. Ford,
John A. Burger, and Joseph F. Torrens. After
thisfollowed'tho daucc, in which about seventy
fivo couples took part, ending at 1 o'clock. Tho
commaud realized a lmndsomo sum for its de
pleted relief fuud. Mrs, Gen. Hancock sent
tho command a handsome present in tho shapo
of a bank 'check, last Wednesday. A vote of
thanks was glveu her, and sho was mado an
honorary member, being tho first mado in tho
District of Columbia In tho U. V. U.
Tho Battlo-Ship Contract.
Tho acting Secretary of tho Navy has re
ceived a telegram from tho Union Iron Works,
of San Francisco, accepting tho Department's
terms for tho construction of ono of tho battle
ships on tho Pacific Coast. They provide for
tho construction of a vessel twelve feet longer
than tho ono originally planned by tho Depart
ment, and similar in all respects to tho two
ships beiug built by tho Cramps, of Philadel
phia. The contract price Is $3,180,000, or $00,
000 more than tho Cramp bid for a singlo vessel
on the same plans, aud $C0,000 less than tho
Union Iron Works bid on the vessel under De
partment's original plans.
AVashington Boys in tho Far "West.
From tho Anaconda (Mont.) Standard.
Tho Butto Mining Journal will appear dally,
beginning to-morrow afternoon, and will bo a
lively Democratic paper. The staff assures
that tho paper will bo ably edited, spicy, and
lnlluentlal. lu addition to W. J. Peuroso and
Phil Julian, tho present editors, thero will bo
Cluskey Cromwell, au old Washington news
paper man, recently from Denver, and tho well
known traveling correspondent, Dick Kemp.
Thoy Want tho Titlo of "Most I'optilnr"
and tho Hniuldomo Souvonlr Thnt Goes
Willi II Moro Now Cnndidntos on tho
All the hoys and girls In town aud their
grown-up sisters and their cousins and their
aunts aro dovcloping an extraordinary Interest
in Tun HnitAi.D'3 method of ascertaining who
among them best deserves tho proud titlo of tho
most popular boy or girl in Washington. It
may be that tho desire to bo known by tho
titlo referred to does not appeal so strongly to
tho sentiments of tho young people as tho hopo
of gaining tho handsome and valuablo gift
which Tun IlEiiAr.u means to award to the
ono who proves to havo tho largest number of
friends, as shown by tho balloting.
Thoyoung peoplo aro getting thoroughly
interested, anyway, and as a natural conse
quence so aro their elders. This is shown not
only by tho number of votes which arc coming
in from day to day, hut by tho many letters of
inquiry regarding tho conditions of tho contest
which arc received. Tho display advertisement,
which is printed each Sunday in The IIeiuld,
and which to-day may bo found on tho eleventh
page, answers fully all these questions. Tho
conditions aro plain and simple, and can be un
derstood by any ono who reads them carefully.
During the past week tho friends of six ad
ditional youug persons havo placed their names
on the list of candidates and each of thorn starts
out with a handsome arrayof votes. Tho total
number of names entered up to date Is twenty
five, and they will be found printed below in
tho order in which thoy stand iu tho balloting.
Tho beautiful turnout, consisting of a pair of
ponies and an elegant surry, which is tho gift
the Heii.ixd offers to tho boy or girl who re
ceives the highest number of votes, is not yet
quite ready for exhibition, but 'it will bo in a
short time, and The Heuald promises that all
will bo delighted with it.
1. Edward E. Darby. 1245 Twenty-ninth Btrcet
Edith W. Hough, 215 N. Capitol streot.
Garnctfc L. Hobbs, 809 IC street northwest.
Benjamin Harrison McKce, Executive Man-
Clarcnco E. Frov. 3010 P strpnt. nnrtliwrvsf:.
0. Irene It.Wnllach, 129 Indiana avenue north
west. 7. Edward Fisher McKnew, 2424 Fourteenth
8. Katharine May Brooks, 2304 Fourteenth
9. Herbert II. Doyle. 3010 O street northwest.
10. Willis M. Baum, 712 B street soiitlnvest.
11. Charles F. Williams, 311 D street northwest.
12. Welhelmina Lallayno, 1117 B strect'soutb
east. . - u, ; .
13. Maria Pushaw. 1314 Vermont avenue north
west IJ.Etel "Wyckoff, 903 Massachusetts avenue
15. James Joseph Winchester, 2013 G street
10. Don Allen, 1303 Q street northwest.
17. Frances T. Towers. 1341 Fourteenth street
18. Clarenco Park, 715 S street northwest.
10. Henry Sherwood, 1017 E. Capitol street.
20. Walter Foster, 942 S street northwest.
21. Miss Madge Gilbert. Takoma Parle.
22. John C. McCubben, 938 S street northwest.
23. Katie E. Gaskins, 1205 Twenty-eighth street
24. Ada Dermody, 817 F street northwest.
25. Charles F. Sterne, 311 D street northwest.
Mr. J. D. Glbhs and family havo gone to Now
York for a brief visit.
A commission met last week and condemned
ground to widen Carroll avenuo. Tho improve
ment will bo mado soon.
Takoma people are jubilant over tho pleasant
prospect of having their streots paved and now
sidewalks laid. Mr. Gleason, tho contractor,
wll soon get to work on theso much-needed im
provements. Our postmaster has earned tho thanks of all
his patrons by tho improvements recently mado
in his office, which has been moved nearer the
front of tho store, thus giving moro light and
making It exclusive from tho business carried
on Iu tho same place.
Tho Takoma Park Building Association
recently organized Is doing a nourishing busi
ness. Tho following aro members: Hon.
Thomas F. Miller, President; C. M. Ileatou,
Junior Vlco President; Charles F. Lewis, Sec
retary; Samuel Rosh, Treasurer; J. II. Llchliter,
Attorney; J. R. Johnson, J. Vanco Lewis,
Wright Curtiss, G. O. Kniflln, A. Lamond, W.
B. Hihbs, M. F. Hallcck, F. J. Lung, C. B.
Ford, M. G. Kimball, aud A. M. Gorman.
Tho Euchro Club, which met at tho homo
of Miss Grace Favorite Tuesday night, was a
great success, many being present and tho re
freshments much enjoyed. Miss Addlo
Mathewson received first ladles' prize, Miss
Bertlo Pago, tho progressive prizo; Mr. Beuja
man G. Cowl, our promising young patent at
torney, first gentleman's prlzo; Hubert King,
gentleman's booby prize; Miss Jessio Matew
6on, ladles' booby prize. Tho club meets every
Novolties in Jewelry.
From tho Jowoler's Weekly.
A unlquo breast pin represents a largo hook
A handsome cigarette case of oxidized silver Is
in tho form of u noto book.
Whito silk watoh guards with silver or gold
mountings aro becoming Quito fashionable.
Novelties In keyrings lately shown wero in tho
forms, ono of a sorpont, tho head aud tail being
intertwined to closo tho riug, tho othor of a wish
bono with tho ends bont until thoy met. Both
nro iu silver.
Blaok onyx has lately been utilized in making
cases for mourning watohes; thoy aro usually
open faced. Chains composed of obloug blocks
of onyx joined by slender golden links accom
pany tho watches.
Chain purses of gold and platinum or of all
gold links havo agalu boeoiuo popular, Somo
havo a monogram or Initial in gold, and ono. re
cently exhibited, had a watoh about an inch In
diameter set in tho clasp.
Tho latest in cano and umbrella heads indioato
a reaction from tho oxtravagant designs of last
yoar. Tho most popular seem to bo natural
sticks with tho knots relieved by silver doposit
work and tho haudles tipped with silver.