Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-07-06
GAS CONSOLIDATION.
-
The Ohio Valley Company Increases
Its Stock by Just $4,000.
BOTH GASES ARE TO BE FURNISHED
IL Sewickley Borough in the Grasp of q
Great Gas Monopoly
THE RESULT OF A SPECIAL ELECTION
Roth GASES ARE TO BE FURNISHED
THE RESULT OF A SPECIAL ELECTION

BY recent deal in the Sewickley Valley,
the Ohio Valley Gas Company becomes the
only corporation in the world furnishing
two kinds of gas to customers. The consoli-
dation of artificial and natural gas interests
in Sewickley was consummated yesterday
by the sbsorbtion of the Sewickley 1llum-
mating Gas Company by the Ohio Valley
Gas Company.
The deal between the two companies was
arranged On the 1st of last April, and in
order to provide the funds for the purchase
money agreed upon. the officials Of the Ohio
Valley Natural Gas Company advertised q
special election for the increase of the capital
stock Of the company from sl0o. coo to $50 600.
The election was held yesterday afternoon
and the vote for the increase was unanimous,
not one stockholder dissenting from the propo-
sition. There were As stockholders, all of
whom were either present or represented by
proxy BY this move the citizens of Sewickley
become dependent upon the Ohio Valley Com
pany for both light and heat, the concentra-
ton of interests being intended TO insure bet
ter service in both departments
GAS PEOPLE BRANCHING OUT.
Mr. J. Nj. Rogers, secretary Of the company.
who furnished the above facts to DISPATCH
representative, was asked If the amalgamation
of gases meant better service in both depart
ments. He said: "oh, yes We shall improve
matters all the way around. Some Of the arti-
fetal gas piping is pretty old-the company has
been doing business in the borough l6 years
and we shall relay a good deal OF pipe and
introduce newer methods Of manufactnre
property was not quite the amount of the in
crease of stock, and we shall use several thou
sand dollars in both the artificial and natural
- fner fvvn
wells at Leetsdale ana will lay a new six-incA
pipe from the field TO the borough, the pipe and
connections probably reaching fye miles In
length. We we're short OF gas last winter sew
erai times, and want 20 place ourselves in such
shape to have no trouble of that nature this
winter"
A NATURAL GAS TRUTH.
"Do you find that your present wells give out
after long user oueried the reporter.
"Most certainly we do" said Mr.. Rogers and
30 do all the other gas companies If they only
tell the truth. Gas wells have their of times
and some of our best occasionally relax in their
how in a most mysterious manner. Several
wells we used to depend upon are almost worth
less now, and we find ir necessary to keep the
drill going all the time. We shall have no trou-
bic about gas supply this winter, think"
as the new issue of stock bespokenT
mo. but there will be no trouble in floating
it. The last sale Of stock made was at 40 and
par is So The company is now in every respect
where it wants to be-"
SOME CITIZENS KICK.
The possible monopoly that may arise in both
kinds Of gas is not looked upon with favor, sp-
parentiy, by some citizens of the abstinence
borough. One of them, who does business in
Piftsburg was doing some energetic growing
over the situation, and said that there were
several who feared that prices would be made
to suit tn company in the future, and
that past experience had made the citi-
zens distrustful of the :lliberal methods Of
the company as witnessed in the cases of citi-
zens fighting overcharges last winter during
and before the fight made by the Allegheny
Citizens Committee against the Allegheny
Light Company and the Ohio Valley Company
before the Supreme Court. The decision of
that tribunal had held forth little encourage
ment to consumers, and he, for one, feared thar
prices would be put up in both kinds of gas be-
Tore cold weather. The company had nothing
TO say in regard to its future financial policy.