New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-11-21
SUPPLEMENT.
PAGES 9 TO 16.
GAS FROM A NEW QUARTER.
THE STANDARD COMPANY TAKES HE
FIELD
RAISING ITS CAPITAL TO $10,000.000-A NEW sYs-
TEN TO BIZ BUILT.

RAISING ITS CAPITAL TO S1O,OoO.OOo-A NE" sfs-
TEN TO BIZ BUILT
Ppe interested in gas startled by the announce
ent IN the papers yesterday that the Standard Gashght
Company increased its capital stock nom Soooooo
70 si0O0OOOO, and a proof OF Its GOOD ia'n
had paid into the State Treasury the Nedoer
tax OF oneeighth Of per cent, or nearly clZooV
Last spring when the Standard got its charter IRON inc
Legislature permitting it lay mains through all e
strees and avenues Of the city, and TO supply gus VI
twenty-five candle power at price hot !" ga
coed 81 so a thousand, many people pioPno
sled that 1t would provo either schenle VI
The old companies or a "strike" at them UP 10
rasf week the company had given little indication OF hie'
but that this apparent ehargy has oeen cover
for extensive operations Representatives OF tne COM
many have been quietly buying real estate and properly
ON the water front at various places from ue DAY
tery to Mott Haven. and this week the compah!
will take title in lump TO land in Nneteen'h-S~
between AveA and AveB TO land at the foot OF East
Twenty-third and Twenty fourth sts Forty ana
Ffftieh SITS seventysixth and Seventy seventh sts One
hundredande ghth and One hund1edand- ninth s's ohe
hundred and fifteenth and Onehundreda S'
in Mott Haven. Alexander-ave In est one n'ii
twentynfthst the foot of West Eghty-sixn
and sixtvseyenth sts and between Broome and spring
ats The coYnpanv proposes make circle about Man
haitian Island and contempaes the expenditure Oh so
amounts Of capital 20 cover IL WIN gas "orAS anu
storage tanks. The plans are novel, ana suooess
fu1 carried WV
ras industry of the United States IL proposed 10 de
liver Illuminating gas under heavy pressres lhIVugn
wrought mains in the same manner as haIual gas
mnJer which gas is now served NewYOrk consumers Is
about two ounces the square inch The standard
scal means t one or two pounds This Win Increase the
carrying capacity Of the mains seven1d IN ph 10
OF course he laid at much less expense per mile reg
latng device each meter will reduce the pressure 70
the standard of consumption and also hep 70 keep IL
uniform al the burner -. ..,s ,-os a,o Il ie
said 10 the difficulty which has been experienced In get
ting pipes the manufacturer The natural gas PEG
Gently that the American Tube aud Iron Company Of
Middetown PENN able to ship an insssens oi
mines large enough begin work WITH 5nlphenIs,
however began early last week and simultaneously
Booth Flynn contractors OF PttSnnrg put ~
enth SITS from MadsOn-ave TO seconds ave- ana aso AZ
With the works at One-hundred- and-hfeenth-st The
pines being small and the workmen old hanos a. a.
each day This work will be continued as long as the
weather remains favorable. In the meanuine NJ ~
body of will be put at construction WORK on tae
lem station at foot Of East one hundred
St The works there to have capacity OF ZOOOVVO
used told reporter Yesterday that he expected
20 be ready TO deliver gas from them soepe and
The Flannery process Is IN use IN p IN ~ The
Jersey City and will be introduced Into Boston oy le
Nv The ne of wroughron pipes il is claimed that there
will be no leakage This item in the old companies Is so
rious one amounting ia the case OF the 40
pany to an annual Of 600 100000 feet or at
the present rate for gas . r.. ...o.o q
Among people acquainted with gas analrs Is
keen al this time 10 discover how the established eOmp
mics viii this rival for popular favor Inc S S
sodael Company should declare its semiannual dvi-
dend Wednesday The last dividend N NAY o
and half per cent on is present OF 100
IL reported considerable difference OF opinion
lists amoug the directors TO the amount when shou
be declared at the present Tune Inc most ~
favor keeping much IN the treasury as pOspe ID view
of future complications The income from November Isl
10 fn ~ that being the season OF heaviest cOnsum
ton will fall least threeq OF nlon uolI
short for the same period last year OWING 10
the redcon in the price fIom S1.75 10 10 AT me
oice OF the Consolidated Company 1t was learned una.
III and had not Deen AT MS oesA oI
some time Consolidated stock, which has been acuVs
lately on the stock Exchange between SO and 81 closed
last vhf nj