Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-06-12

The Manchester, if it shall increase in the
same ratio as the others when changed from
horse cars to motors, will run close up to the
Citizens, which means fully 6 per cent divi-
dends on the stock. The other roads, when
converted into traction or motor roads, will
find about the same Improvement in re-
ceipts. Many persons, as already demon
strated, will ride on fast line, while they
prefer walking to the old slow horse cars.
Street railway consolidation is still a fruit
full subject for Fourth avenue gossips About
the time of the passage of the bill through
the Legislature legaliZing this form OF pool
ing, there was considerable speculation as to
what Pittsburg roads were involved A gen
tleman, presumed to be familiar with the
subject, made some statements yesterday
which are interesting in this connection.
He said: "When the bill passed
it was in contemplation to consoli-
date the following roads: tDuquesne,
Citizens, Pleasant Valley, Pittsburg, Allie
gheny and Manchester and possibly Biz
mingham. Central was left out because it
demanded terms which were inadmissible,
although it was supposed to be in the pool
from the start. 1t was to be taken in, how
ever, after being made to feel the power OF
$50 far as l know and believe this is the
position of these roads to-day" He would
not venture an opinion as to the probability
or otherwise of this project being carried
out, but thought 1t more promising than
many other things with which gossip is
busy. In any event, the story is perhaps as
good an explanation as any that could be
given of the floating rumors affecting the
standing and prospect of these properties.
The Boston Traveller, of Tuesday, says: Cup
to the close of business yesterday 1882
shares of the Westinghouse Electric COM
pany's stock had been deposited with the
Mercantile Trust Company, of New York,
under the plan of reorganization. Mr.. West
inghouSe is in Boston to-day, and expressed
himself as well pleased with the progress
that, is making toward a reorganization, and
also with the favorable business outlook for
the company"
Leading brokers think that big bull
movement in stocks will begin within the
next 80 or 40 days, at the latest, If nothing
occurs in the mean time to seriously damage
the crops on this side, and its real start will
be on the appearance of the Government
crop report at the beginning of July, al
though they expect to see the coming rise
discounted a little in advance. They argue
that there will be market in Europe for all
our surplus crops, and that our credit has
been SO strengthened there by the gold we
have shipped, without disturbing our own
market, that large foreign demand for our
securities is sure to follow.
There seems to be good foundation for the
report of big deal in local stocks-one that
will lay the KountZ deal in the shade. A
gentleman supposed to be on the inside ad-
mitted this much yesterday, but added that
it wouldn't be ripe for perhaps three
months. When asked if it involved any of
the Westinghouse interests he was silent.
Yesterdays sales were:
First call-No sales.
Second call-10 Phila delphia Gas at 15sS, 80
Luster at 1215, Is DuqueSne Traction ut 15 100
Silverton Mining at IL.
Third call-No sales.
Before call-100 Manchester Traction at
3s15.
After Gallo Central Traction at II.
Bids and asking prices at each call are ap-
Dendeds