Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-25
HOME SECURITIES.
NOT MUCH BUSINESS DONE AND NO
RADICAL PRICE CHANGES.

Birmingham and Manchester Traction'
Crawl Up-Electric Neglected, and NC
Immediate Revival Expected-Philadei
phia Gas Up and Luster Down-No Ana
conda Gobble.
Buyers were both scarce and wary at the
local stock calls yesterday. In the Language
of Captain Barbour, there was no vitality IL
the market. One share of Hand street
| bridge stock changed hands at 43. This was
| the only surprise.
The fractions were again at the fore al
leaders. Manchester was stronger on 1ts
victory in Allegheny Councils. 1t was pre-
| dfcted with great confidence that the roao
would be in full swing by the middle OF sep
tember. Henry NJ. Long sold 20 shares at 4o
Apprehension that it will carry off consider
able of Pleasant Valleys business was given
| as the reason for the weakness of the latter
Others thought any loss on this score would
be made mp in other directions. 1t was
stated that the Pleasant Valley people VIII
declare per cent dividend next montn.
birmingham cars were carefully watched py
a number of brokers as a basis for estimating g
earnings "They are running full, was the
comment of one observer, and this fairly re-
fected the opinion of all. The stock was IN
good demand and higher, with practically
none on the market. A private bid OF Zo12
for 500 shares met with no response.
As stated at the, outset, street always =
were the feature of most interest: There is
good reason for this. A street railway secu-
rity ought by its nature to stand at
the head of the list of stable invest
curities that should be less subject
to severe fluctuations. The business done
by street railway property in city IKE
Pittsburg is subject to no change except that
OF steady and regular increase in the gross
income
Electric was scarcely mentioned either
here or in Boston. There was feeble DID
of l3. While the belief is quite general that
Mr.. Westinghouse will pull through, If it
takes him all summer, no one expects any
activity in the stock before the announce
ment of the completion of reorganization.
Philadelphia Gas crawled up q little, but the
rest of this group underwent no change
Luster declined, and Airbrake improved
fraction. The boom in Underground Cable
seems to have struck a snag.
The Union Pacific bond project has ad-
vanced far enough for number of the
ponds to be already signed, but it Is not yet
known whether they will be sold direct to
syndicate or will be offered for subscription
direct to the stockholders:
j. B. Haggin positively says there is not a
word of truth in the San Francisco report
that the Anaconda mine has been sold to an
English syndicate for $25,OOO,OOO. Marcus
DAILY says there is not money enough in the
world to buy the Anaconda mine. The mine
is at present shut down, as the owners re-
fuse to pay the high rates demanded by the
railroad carrying the ore. A survey is being
made and new road may be built from An
aconda to Butte, Mont.
The Toledo and Western has been sold to
a syndicate composed of Canadian Pacifc
ana Brice-Thomas people, 1t is said the
Canadian Pacific will build from Detroit
along the projected route, which is from
Toledo to Chicago paralleling Lake Shore
to effect its much-coveted entrance into the
latter city.
The Engineering and Mining Journal says
the copper market has exhibited great
strength, especially for the commoner
grades of copper, for which the demand from
Europe continues on a large scale. Very
little casting copper is offered, and prices
are firm at 12@l21sc. Arizona copper Is not
obtainable at all in this country as better
prices are to be had in Europe and the whole
output for few months ahead Is contracted
for. Lake copper is still procurable in ingots
ex-store New York at about 13c, but first
hands are rather firm and holding for future
delivery at 1870.
Sales of local stocks on call yesterday
were:
First call-One share Hand street bridge at
43.
Second call-No sales.
Before calico Central Traction at II, 10
Philadelphia Gas at 123s
Third Gallo Philadelphia Gas at 121%c.
After call-20 Luster at 12Ac.
Bids and asking prices at each call are ap-
pended.