New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-14
LAYING PIPES FOR NATURAL GAS.
FEATURES OF AN IMPORTANT 1NDUsTRY-LARea

AMOUNTS OF CAPITAL INVOLVED.
Ptttsburg, Oct 13 (speciaD.-Nearly $50 miles Of
natural gas pipe have been laid last spring. In
volving an outlay Of about 100000 OF capital!
This has been the greatest year for the manufacturers
Of pipe in this city, and there more pipes laid
than at any time in the history of the natural gas
business. The Equitable Natural Gas Company lad
nineteen miles Of cast iron pipe, costing 81 100000.
The pipe is thirty inches in diameter and runs from
the Muraysville Field, In Westmoreland County, TO
the foot of feminist, the Allegheny River bank.
The MonOngahela Natural Gas Company laid twenty
four miles of 16-lnch wrought iron pipe from tho
BellevemOn Field, I'm Fayette County, 10 the South
Side at a cost of 100000 The Philadelphia Natural
Gas Company laid altogether over 100 miles OF pipe
There is first the large steel pipe line nom the city
line 10 Murraysvile. The building OF that line cose
$40 900 per mile, $4,000 less than cast iron
ne and IL is claimed to be just tight and service
able. Apart from that line, the company has lad
two 1Oinch lines from the upper Murraysvlle fed.
Despite this great activity gas stocks appear 10
be in the dumps although conservative brokers
say they cheaper than they ever were Ihe
leaders of the gas stocks I'm the Pitsburg Exchange
in tho order named age Philadelphia charters AMI
Wheeling George westlngho tr. IS the president
of the Philadelphia company and two other prominens
holders of stock Robert Pitcairn. the millionaire
who receives moderate salary superintendent OK tho
Pittsburg division OF the Pennsylvania Railroad, and
A. NJ. Byers the iron manufacturer. Phladelphlt
Is selling at 80. Its lowest point was "a IL, ana
the highest g. The company is paying dividends Of
per cent on a capital stock OF S7,3Oo0O0 Up
10 April last il paid l. per cent. II has hoatns
debt of about 81 600. Besides, It has bonded
indebtedness of $4,000 that being the amount
sold of the 81 100000 issue authorized The com
pany's gas territory IS located I'm the Murraysve ana
Grapevllle fields in WestmoIcland County and us
new Beleyernon field in Fayetre County. The PhilI
delpha company is replacing small pipe lines TO tho
Ito tied ny ten m
feet in diameter The gigantic task IS eXpected 70
be completed NOvemberl when all complains OF .
shortage will be relieved.
The big Four" in the CHARTERS Natlohai Gas
Company are W f. schmcrfz, The Wearny E Inv
manufacturer: Calvin Wells The PhtSburs steer nla'
Ifactirer and pronrietor Of The philadelphia Press
and James Chambers and sellers myN ia factory :.
being proprietors of the big winao" 7a - Sares
Jeanette Wesimoreland County ana inc ,atSS, t
the world CHARTERS is selling a. va 80 A. and tho
highest o. The Charters Is leased 10 ,,' f'iI Ne,
dephia Company for abo1t, Id' CSompanies In 10
T Ti Maid - per cent dividend. and then
ceased altogether although il expects sso % Pit
1000 Of the stock sIl heM IN the treasury aSo o5o
Supposed TO be placed VIII DTgTe Morgan GhsrtIeT,
bonds were quickly dispose u be 70 arr payab, az
asked ana dsS 900 year The lhartefSS Com;
pany gets It's supply ala pt 60
wash!ng9n GGS" night be called the political natural
gas company, for y IS If Pftts6urg: Billy Tnn
the Republic an ard ba,ine,, partner; Robert O. Eni
i 9 pS Of o Of Ge' anG of %5,SF; are
John Neeo ,tCnvvnJ- prosperous German morning
da ah'iTs hens scs at r f3 wb 5 SyG omPsn
was % ana ann rs product IN this city. It's trade
G0eGn ed' to the vicinity Of wheeng w. a wsss
Beualre,C 0t IN this state. II ha, captai m
ne ooo 600 With 100000 worth Of stock s y, 70
,,easE'' lass Then DIVIDENDS ceased enury, IN
Nteivth he company cA poets 10 resume payihs 'H'
IN January /, as It has pail its entire debt