Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-11

was sharp decline in Duquesne Tracslon.
1t sold at 10 and closed offered at l41a. Inls
was attributed to dissatisfaction Win the
manner in which the road is operated ana
the falling Off in receipts since the eut IN
rates by rival Promises of amendmen;o IN
these matters seem to have little Weigane ga
with the impatient public, which looks chleny ~
to results. This is q wrong view to take y, ~
an interest which is capable of doing uucn
festly. unreasonable to expect perfection at
once from system SO extensive as tne Du-
quesne. There is little, doubt the company
VIII correct errors and strengthen t;y,,a
points as fast as possible. In the meahs.f miaa.s lf
there Is no apparent occasion for nolugis. noH =. y,
the STOCK to lose their heads ana sen "a az "a
sacrihce. In this case 1t is perfectly saie ~
say that success will come to those ""o
wait. s--.l-e
Birmingham Traction was barely steaoy
at ~ bid and 81 asked. Fourth aYenue
broker yesterday received letter 1roI 1ris nis
New York correspondent, who contIOiIS
considerable Birmingham stock, in whlcn
he stated that he had been informed there
was an active and strong market for IL neIs,
and he thought he ought to find qnick
purchaser at between 81 and o. He was IN
formed that the stock was rather weak from
the large amount offered, and that buyers
were hard to find. This a fairly accarase
but it should be stated, as an offset, that tne
road, like all others of the kind here, has an
encouraging prospect, and in the course oi
Glllic Will no uOuDG. De Il &OOu
Garner. While those who bought stock with
expectations of realizing quick profits VIII
probably be disappointed, others with more
patience and reason stand good chance oI
making money. These remarks Will Apply
to all of the street railway group.
Commodore Kountz yesterday afternoon
requested the publication of the following
statement: "That all reports of any conson-
dation, or proposed consolidation, OF tne'
Pittsburg, Allegheny and Manchester Com
pany with the Duquesne or any other ran.
way are absolutely false" This means that
the Manchester will be run on its merits.
Commodore Kountzadded 1.-THE Pittsburgs.
Allegheny and Manchester Traction CON-
pany's road is equal, If not superior, to any
other property of the kind in the country.
To pafticularize: Philadelphia Gas was
steady. Wheeling Gas was fraction better.
Manufacturers Gas was bid down to q, with
none offered. Luster finished with a gain.
1t was reported that the mill was on the
ground, and would be in operation within
month or six weeks, Electric was down
fraction. Underground Cable was un-
changed. Airbrake improved trifle..
The Boston Herald of Tuesday contains the
following: Rental due the New York Con-
solidated Electric Light Company by the
the Westinghouse Reorganization Commit
tee offers stockholders Of the New York COM
pany, subject to the success of the general
reorganization plan, opportunity to ex-
change their certificates for % per cent in
the Westinghouse per cent preferred stock.
and so per cent of the Westinghouse common
Yesterdays sales on the local Exchange
were:
First call-25 Duquesne Traction at 15 20
Philadelphia Gas at 12%.
Second Gallo Airbrake at 95 ! at 95L.
Third call-No sales.
Bids and asking prices at each call are ap-
pended: