Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-02
STOCKS VERY STRONG.
Philadelphia Company and o. s
Glass Lead an Upward Turn.
MOST OF THE FRACTIONS FIRM.
No Positive Weakness Develops in Any
Part of the List.
LOCAL AND GENERAL FINANCIAL GOSSIP
MONDAY, August 1

The market for local securities was not
very active to-day, but a generally i'm
proved inquiry was noted all along the
line and the strength developed last week,
especially during the closing days, was
much more marked. The inquiry was de-
cidedly encouraging, az it was for whole
sale lots, several orders for 100, 200 and
800 share lots being in the hands
of the brokers 1t was better
distributed, also, covering the list more
fully than for several weeks past, but, as
holders had advanced their views and were
firm at the advance, the percentage of or
nS" ter spirits and talked more
hopefully Of the probable volume Of busi-
ness for August Some Of them expressed
the conviction that trading would not be
much, If any, above the summer average,
but others were inclined to believe that, pro-
viding no new uufavorable factors devel-
exceed conservative expectations. That
money is unusually abundant has been dem
onstrated, and that it will continue to seek
Of entirely Fees OF %ss
bonds are steadily advancing, and, as is
well known, there Is nothing that stimulates
buying like an upward tenuency of prices
The news of late too, has been mainly bull
lish, and to this fact, in part can be at
tributed the general upward turn. 1t looks
as If we were on the eve Of boom OF greater
or less proportions and there was little
danger in taking hold.
Features of the Market.
Trading at the calls covered puquesne
Traction stock and bonds, Philadelphia
Company, P. & B. Traction and U. s. Glass,
and all were firm, and, with the exception
of DuQuesne Traction, all were higher.
Duquesne Traction sold at 2sh closing at
hid; Iniladelpnia ceMpany sold up
at ioos; P. &. Traction was higher
at 2511k, sales and bid, and U. s. Glass Com
against offers to sell ~ e5 late last week. In
the shares which did not figure in the trad
ing very few features were presented,
thized % with the ieacers. Union Switch
and Signal and Airbrake were strong
er; Central Traction gained q frac-
sna Others wse Ts
exceptions were p, A. & NJ. Traction and
WESTINGHOUSE Electric (old), the former
being off to 4sI bid and the latter to ls
asked. The new Westinghouse Electric
stocks were strong ana in demand, with quo
tations slightly below those reported from
Boston. The close was generally at the best
prices.
The Ohio Valley Gas Company.
The case Of the Ohio Valley Gas Company
versus Councils Of Sewickley came up for
decision before Judge Ewing Saturday, but
the Judge merely said the case was one for
the Supreme Court to decide. and conse-
quently it will be passed upon by that
tribunal. The status of the case is as fol-
Of Se vasy ssens
t Councils granted them with hean. the an.
that the CHURCHES hs sns
gas free. To this the companies consented,
and in the distribution OF this "charity"
patronage all the schools and church or
and all the other churches to the Independ-
ent. Some time since the lstter notified the
churches that gas would not be furnished
gratis any longer, and an I'M unction was OBJ
tanned restraining the company from turn
ing OF the gas. The injunction was de-
feated, however, the decision being that
such contracts for the schools they
had no control over the churches
and therefore no authority to compel cor.
lett the Ohio Valley in the peculiar predica-
ment of practically standing portion of the
cost OF the Independents rights of way.
They. therefore. ,s brought FRI friendly suit 70 70
which they were left, as well as to ascertain
if the Independent is not rs fully bound to
furnish gas to the schools as the Ohio Valley.
Luck seems to have been with tho Ipde-
pendent Company. but it is expected the
law will place them on the same footing
with the Ohio Valley people with respect to
furnishing the schools gas free OF cost
Prosperity in the South.
According to the Chattanooga Tradesn,an
~ new industries were established in the
South last week, together with four enlarge
ments of manufactures and l6 important
new buildings Among the new industries
reported are a 500, 900 brick and tile COM
pany at Charlotte n. e., and one at Augusta,
Ga.. s50o000 compress company at Little
ID II Ash a.
and one with $1,000 capital at Covington,
KY, an electrical company with $l50, 600 cap
ital at Louisville, KY, and others at Kissim-
company with 100000 capital is re.
ported at Vicksburg, Miss, paint
works at Memphis, Tenn. powder
works at Covington, KY, a 100000 sugar re-
Angelo, Tex. The textile plants of the week
include cotton mills at Chapel Hill and Dur
ham, n. c.. Rtdgedale, Tenn, a ticking mill
Wheeling, W. Va, and $4,000 cotton and
woolen mill at Marble Falls, Tex. A $50, 900
tobacco factory is being organized at May
Ashdown. Ark, Durham, N. c., and Tyler,
Tex, furniture factories at Cullman, Ala.
and Brunson, S. G., and saw mills at
Water works are to be built at Alexan-
dria, La, Shelbyville, and Hartman, Tenn,
and Caldwell and Palestine, Tex. The cotton
mills at Trenton, Tenn, are to be enlarged,
as are the lumber mills at Newberne, n. G.,
and Wheeling W. Va. Among the new
buildings are business houses at Ocala, Fla,
VanBuren, Ark, and Roanoke, Va, churches
at Decatur, Ala, and Oxford, n. G., q $50, 900
college building at Atlanta, Ca, and others
at Newport, KY, Jonesboro, Ark, and
GreenvilIe. Ala, a $4,000 depot at Milan,
Tenn, and Government building at Talla-
hassee, Fla.
Electric Street Railways.
At the end of last June there were go
electric railways in operation in the United
States useing the Thomson Houston electric
system. The number of motor cars used
by these railroads is 4,96l There were 81
roads under contract July !, to be supplied
with the Thomson-H Houston system, which