Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-09
...-...Sl, Si',s45 as. .so2' 40 ss7, LIZ, $50
keene on Industrials.

Total l.......s 5is s45 ass. So2 40 ss7, 112, $50
Keene on Industrials.
General Electric is earning II per cent per
| annum on its stock. This is exclusive of
stocks received by it from corporations Or
| ganized at various points to do business in
special lines. such as electric lighting, etc.,
which get the authority to use the patents
owned by the General Electric Com
pany. Its business is continually expand
ing, and it is only question of time when
quarterly, will be increased. Any person
who oan buy the stock, and will hold it
firmly until next year, will get large ad-
in the dividend. If there are any stocks
which should claim attention at the present
time they are to be found in the industrial
group Their business is with the home
market, and they are not unfavorably in
nuenced by the necessary restrictions al
ready established, and which may be con-
ton of cholera, and which may affect the
free Interchange Of commodities from and
TO this country.
Foreign Financial.
LONDON, Sept. s-The bullion in the Bank
of England decreased 900 during the
past week. The proportion OF the Bank of
England's reserve, which last week was
5O65 per cent, is now 0.33 per cent.
PARIS, Sept. s.-The weekly statement of
4405, ,O00f gold and a decrease OF 2 2404 O00f
silver. Three per cent rentes, 1oof, 771sc tor
the account.
LONDON, p NJ, close - ConsoIs money,
s6 1916; do account 96 1916; New York, Penn
syIvania and Ohio lists, 80: Canadian Pacific,
905s: Erie, p; do DDS, 1O7; Illinois Central
lOOH Mexican ,L Ordinary as; iss> 81; Paul com
vania. 6S4; Reading. 2s1s: i, Mexican Central
cent Rate & Of Discount int in the open mar mar
l5-16@l per cent
Financial Notes,
Duquesne Traction closed at 2s6@2sx, p.
& B. Traction at 25H@26 and p, A. & NJ.
Traction at 43A bid.
Westinghouse Machine Company was
offered at 40 at the last call, and Electric
scrip was quoted at 9o@s5.
The manipulation of the Electric stocks in
the East has evidently begun again.
Long and Carothers sold La Noria to Kuhn
Bros.
Lawrence & Co. sold Philadelphia Com
pany to Hill & Co.; Eaton sold Pipeage to
Rtnehart, and the latter bought P. & B. Trac-
tion from Lawrence & Co.
1t is stated upon good authority semi
official in its character, that the cash and
assets of the American Lead Company are
about SIS, 100000.
The Cotton OIL people state that the com.
into cash over ssooo,oo0
A man who tries to sell the stock of an in
dustrial company which is not listed, says
the Wall Street Ne1Os has indeed q "perma-
ment investment as it will be q lifelong
job for him to dispose of it without serious
loss. His only market is among the insiders
who never buy except at their own price,
and the seller has either to take IL
or leave it. His stock is OF no
earthly use to him as collateral, as banks
refuse TO accept it in loans, as it has no mar
ket quotation. We personally know offs case
in point where the director OF q prominent
industrial, who is the president of Wall
street bank, refused to accept the stock of
the company, of which he was director as
collateral for loan from ono of his regular
customers. His reason for doing so when
asked was because the stock had no market
value.
1t is reported that the earnings OF the
Western Union Company for the current
quarter will be Sl,s00O0o or about 2L per
cent gross on the stock.
1t is intimatedsthat no dividend will be de.
clared on American Cotton Oil common at |
the annual meeting next month. The com
pany has decided, 1t Is said, to expend tie |