Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-23
RECOVERY IN PHILLIE
Despite Additional Complaints Of a
Shortage of Gas.
AIRBRAKE MOVES UP A LITTLE,
P. & B. Shows FirmnesS and Duquesne
shows Weakness.
A BIG BIO OK OF THE LATTER MARKETED

THURSDAY, Dec. p.
The features of the local stock market to-
day were the sale of !, ,500-sha lot Of Du-
quesne traction, the advancing tendency OF
| Westinghouse Airbrake and a fractional re-
coyery In Philadelphia Company, despite
more vigorous complaints of an inadequate
supply of gas. There is no shutting ones
eyes to the fact that the Philadelphia Com
pany does not control gas enough at present
to supply all the customers they now have on
their lines. Complaints are coming from all
quarters, and the complainants, one OF
whom is the writer, have fully satisfied
themselves that there is nothing wrong with
either pipes, meters or valves. They have
also discovered that there is more gas for
domestic consumption before A. NJ. ana
after P. NJ. than at any time between those
two hours, which discovery they have ac-
cepted as evidence that the company mas
notga enough to supply the manufacturing
concerns on its lines except ut the expense
of its household patrons. When the tenn
perature gets down to oPly lew degrees
above zerU as was the case to-day, 1t Is no
time for sentiment on the part OF those
whose CRATES and ranges are arranged Tor
gas only and who have not gas enough TO
make a respectable bluff with. 1t is time
for serious thought and vigorous action. Coal
may not be as convenient or as cleanly rs
gas but it is pretty yysa.ner s1rs '9nG nnG
it will not take much more suffering from
| shortages to drive goodly number OF the
company's customers back to the old sure
thing. 1t has been remarked that the Phita-
delpNia Company were serving the supply
OF gas from their wells this winter SO that
the pressure in the mains would be just sut-
ficient to supply the demands of their Gus
toners, and no more. If this is so, they
have not yet learned to properly regulate
the pressure. II it is not so, and
they have a greater patronage than
let it be trimmed down to correspond with
the supply, either by canceling contracts
with some OF the manufacturing establish
mentS or by raising the rates again. AS in
timated above, however, the trimming pro
cess is likely to be done on the outside, in
which case there will be no advance in
rates to Offset it, The stock, as stated. re-
covered slightly from Wednesdays weak
ness, selling at 20 for n small lot and the
close being fairly steady at 20@204
AT the second call 1858 shares 0. Duquesne
traction sold at 2714, quite decline from
the previous close, 1900 shares changing
hands in one block. 1t created but little
comment, however, as it apparently had
some connection with the recent furry in
the stock.
P. b. traction was firm at Is, sales and
bid, and p, A. & NJ. traction was somewhat
weaker, a ten share lot selling at 43Z Cen
tral traction WAS barely steady around %,
and the others were UNCHANGED.
Airbrake was bid up to 1901 publicly and
Will Sdlo az tllo ldbtoE
after the close. The stock, however, has
not yet fully responded to the double dtvi-
dend.
At the last call a bid of 80 was made for
WESTINGHOUSE Electric preferred.
tThe unlisted street railway shares closed
as follows: P. & Is. traction, 2l14@25; Du-
quesne traction, 27Ss bid; p, A. & NJ. trac-
ton, $685..
Sales and Closing Quotations.
Tho transactions recorded on the Ex-
change sales board to-day were as follows: