Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-07
RESOURCES.
$65, $40. 62s
The Gold Reserve.

NEW YORK, Oct 6.-The Evening Post says
Reference has already been made to the
STRENGTHENING of the United States Treas
ury's gold reserve. To-day's treasury state
ment reflected the outgo for the October
payments, from which considerable de.
crease in specie had been looked for. The
result is encouraging, as it shows that. in this
direction, too, the reserve against the
United States notes is amply protected.
Practically the payment of interest was
wholly made in United States notes, q task
aT sy y yH The F asf ds
reserve, on the other hand, is larger than 1t
was before the arrival of the October quar-
| ter day, and has increased in all since Its
minimum fignre of August by SIC, So, SIS.
Meantime, it should be observed again that
the Austrian buyers of gold, now that our
market is shut to them. clearly have Deen
total loss OF specie last week in the German
bank being no less than $14, ,000, ,000 the other
European banks losing gold along with it.
Financial Notes.
The directors of the Monongahela Water
Company this afternoon declared the regu-
lar quarterly dividend of 2 per cent. It was
also decided by the board to put in new
Pinch water main from the tank across Mt.
Washington. There are already l0-inch
main and an S-inch main, and this will be an
additional line, making three mains across
the Mount.
A. j. Lawrence Co. bought 25 shares
United States Glass preferred at lilo and sold
$40 600 DuQuesne traction 5s at l0l1 fiat and
commission.
The Liability Homestead Loan and Trust
Company, of Pittsburg, capital $l5O0O was
cansa ss
The directors of the American Tobacco
Company have declared a semi-annual dfvf.
dend Of 6 per cent on the common stock,
for the present quarter.
Application has been made to the New
York Stock Exchange to list nearly ZOO, 600
Philadelphia and Reading Railroad Com
pany, and it Will be considered on the 18th
inst.
The gross earnings of the Chicago and
Erie Railroad for August were $235, 400, a de-
crease of Sl5,0S3 as compared with the COZ
responding period in 1891
meeting of the Richmond and West
Point Terminal Directors has been called
for Friday, when, it is said, the work of re-
organization will be taken up.
The directors of the General Electric Com:
pany have declared n quarterly dividend Of
2 per cent, payable November l.
A Minneapolis speculator propounds this
question: "If they arrest people in Chicago
tor buying and Pillsbury, Washburn, and
selling, where are we at?"
Westing ghouse Electric scrip closed at ESQ
Giill & Co. sold Philadelphia Company to
Sproul & Co., Duquesne traction 6s to Law
renee & Co., Airbrake TO Kuhn Bros. and s.
s. Pinkerton, and they bought the Pipeage
sold "ior the account" etc.
Morris & Brown sold electric second pre-
ferred, and Rinehart and Sproul Co. were
the buyers.
McCutcheon sold Duquesne traction to
Lawrence 6 Co., and Watt bought Pleasant
Valley from j. d. Bailey.
The General Electric Company is re-
ported as doing very large and lucrative
business, and people competent to judge,
estimate that its earnings this year will be
fully &C. 000, 900 Wall Street Netos.
The Philadelphia capitalists who have So
cured charter from the State for the build
ing OF an electrical street railway In Potts
town have made application to the local au-
thoriries for the right to occupy the Streets
It is expected that the necessary permit
will be secured without delay, and as soon
as it is obtained the actual work of con-
struction will be commenced. The line will
be about l2H miles in length and extend
through the principal streets of Pottstown,
which is at present without q street railway.
The population ts 10000 The author Eed