Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-04
A LITTLE WEAKNESS
In the Local List, Though Few Ad-
vanceS Are Established.
NO DECLINES OF IMPORTANCE.
Peoples Natural Gas and P, A. g. n. Trac-
tion Are Strongest.
LOCAL AND GENERAL FINANCIAL NEWS

MONDAY, Oct. g.
The speculative markets East and West
| opened the new week with the bulls in con-
troll On the New York Stock Exchange
the bullish sentiment was quite pronounced.
London bought its favorites, the various
cliques boosted their specialties, and these
operations, in conjunction with eager buy
ing by the shorts, resulted In material ad-
vances throughout the list, the close being
firm at the best prices beyond manipu-
lation and mystery, however" said special
wire to a local house, "there is little in the
actual condition OF things to justify the
present demonstrations Money is firm at
the advance and the bullsh appearance
of speculation is likely to yield
at any moment to the pressure OF financial
| necessity" On the Chicago Board of Trade
the opening firmness was not fully sustained
to the close excepting in the case OF hog
products, but the best authorities wired that
some of the big buyers and operators were
talking in strain that indicated growing
sentiment in favor OF the long slde
On the Local Board.
The market for local securities opened
quietly. ruled moderately active at midday,
and closed dull and generally weak, though
some good gains were established. The
trading at the calls covered p, A. NJ.
traction, Citizens traction, Philadelphia
Company, Lister Mining Company, West
tnghouse Electric second Preferred, P. & B.
traction, DuQuesne traction, and Duqnesne
traction IS. p, A. & NJ. traction WAS an ex-
ception to the rule of weakness. selling up
traction was another exception. selling in
small way at 63h, closing at 6S3s@543. Phila-
delphia Company was rather weak selling
at ~ on call, and closing at 22l4@22sss, with
fterc
at 22ss, and there was a rumored transactfon
at 221z: Peoples Pipeage was also off little
were steady, with Peoples Natural Gas
showing big advance at % bid. Luster
Mining Company sold at 81 and closed at
s%@ss Wes:inghouse Electric second pre-
the figures nuined. The closing bid
for the stock on the New York
Stock EXCHANGE was sss. "a, and for
B. traction was about steady, selling at 26
and closing at 251a@26 Duquesne traction
lost fraction at 2S7S sales, but the bonds
Pleasant Valley railway ruled fractionally
below Saturdays close, Union Switch and
Signal was somewhat lower, United States
Glass common was a shade stronger and
Westinghouse Electric unassented was soft
at 2313 bid.
These statements show about an equal di.
vision of gains and losses, but the declines |
noted and the comparative apathy preva-
lent, particularly during the closing board, |
gave the market an appearance of decided |
weakness
The advance in Peoples Natural Gas was |
accompanied by intimations that the COM
pany was getting into q position to resume |
dividend payments.
The feature of the bank list was an ad- |
vance in Monongahela Nation Bank to l43, a |
gain of 50 a SHARE and the highest point yet |
reached.
just after the last call a wager was made |
that Central traction would show a greater |
advance in price within 60 days than any |
other member of the street rail
@ssk The Center avenue branch IS
in full operation and the earnings |
of the road are said to be steadily increas- |
from ,r Europe the first first of next month
and it is expected that a little movement in |
the stock will follow on his return.
P. B: traction closed at 251s@26 p, A. & |
at sS2s@29L.
Allegheny Heating Company.
The annual meeting Of the stock holders
Of the Allegheny Heating Company was held
Beyond the facts that the reports showed
that the company had paid 8 per cent in
dividends and carried a good sum to surplus
quite satisfactory nothing definite could
be learned regarding the results
of the past years operations. 1t was stated,
ent that it was shown that the bulk of the
Shields shortage had been made good and
4 @hot tba 3oda 1,a l., |
tna' sne lenalnuSr Woulu pe coLecteo III
uue tlIne; rIOm we same source ~ was also
learned that the reports read would not be
prinsea anu SEM .9 3us 70 tne seock noi9ers.
ts ~ siUa I W. mas %, @ NY
,',. " a so l; ~ insou | iS un9 ;,s
m muC ~ ~as oulee'eu " anu "itnufa"n.
was no ones business what the COM
Pa aS iiIi, I, ~ o." 10 ~ u.1aU Nv ~ 'o ,S e |
Tue lniorinatoil, II Gney Wanteu II, from Ohe
books. The gentleman was re-
nlnueG that smali stockhoiders were JUST
as mucn entltied TO know all ABOUT the com
pany's operatlons as the large ones, ana that
the puDhc would be interested in them, out 1T
was resolved not to make them public. No
hoIdars nrasent eIiourning 70 mae, o~ein
for that purpose at the call of President