Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-14
DUQUESNE STRONGER,
And Some of the Other Leaders Gain
Small Fractions.
NO REALLY WEAK POINTS SHOWN.
All the Industrials Rule Firm Under Coed
Demand.
LOCAL AND GENERAL FINANCIAL NEWS

TUESDAY, Sept. 10.
Operations in local stocks to-day de-
veloped no fresh features of consequence
A slightly frmer tone was apparent In
some of the leading shares, notably Du-
quesne traction, Central traction and
Philadelphia Company, in all of which
small fractional gains over yesterdays
closing quotations were established, and
the general inquiry, while comparatively
light on the surface, was said to be quite as
wide and strong as ever underneath. The
hrming up of Philadelphia Company was
one Of the surprises of the day.
1t was in demand from the. best
of sources, the disposition to sell was
less marked, and the readiness with which
it was absorbed, and that, too, at rising
prices, was accepted as meaning that the
stock would not be unfavorably affected If
the directors decide as it is believed they
will, not to increase the dividend rate at
their coming meeting. The strength OF
DuQuesne traction was not surprising, but
it was one of the features of q somewhat
featureless market. The stock sold dropped
into strong hands, as usual, and all the indi-
CATIONS pointed to a continuance of the ad-
vance. On merit alone the stock
merit is playing second violin in this in
stance. The price is evidently going to be
higher and there seems to be little risk in
d
or three dollars share at least Besides
the street railways mentioned P. & b. trac
t1on appeared to be a little hrmer without
being any higher. 1t was expected that the
rights granted the GrandviewT Traction Com
pany by Councils would have weakening
influence on p & B., but such was not the
case. 1t was strongly supported at 251s, with
strength of Central traction was in
some way connected with the ordi-
nance providing for the extension of
the Central Transit Company,s lines over
certain East End streets. The Central Tran
sit Company is part and parcel of the Pitts
burg rg-Duquesne system, and 1t is popularity
supposed that the latter will some day turn
up in control of Central traction. p, A. &
III. traction sold at A, and Pleasant Valley
and Citizens traction were in request at
251s and 6lM respectively. Duquesne trac-
tIon was offered at 29s1 after the close. the
final board quotations being 295s@2sI. Cen
tral traction, which sold at 2g1s ana closed
at 291s bid, was wanted at 29H after the
Close
Philadelphia Company opened at % sales,
sold up to 23L, down to 231s and closed at %
@23E. Wheeling Gas was quoted a little Off
Ut lS0l91s but the other gasers were steady
to firm at about unchanged quotations,
though Bridgewater, at % Did, was five
points below the closing bid of last week.
In the industr1als Airbrake was quoted at
1881 bid, Union Switch and Signal at lS5s4
lS5s, do preferred at 80 bid. Underground
CaOle at 7s asked. and Westinghouse Elec-
trio second preferred at 37ss@3S. All were in
good demand.
I.uster was weak, so shares selling regular
ly at 81 and shares "for the account of
whom IL may concern" at the same price,
the stock closing at bid.
A rumor was current that special meet
ing of the stockholders would soon be called
for the purpose Of voting OR or against an
increase in the capital stock, but stock
holder close to the inside stated that the
rumor was without foundation. As usual
in the case of Luster. you pays your money
and you takes your choice"
Our Foreign Trade.
The foreign trade of the United States DUR
ing the fiscal year ending June 80, 1892 ag-
gregated 81. .s57, ,679, ,60}, exceeding THE largest
trade in any previous year by SIPS O00, O00
The trade of the year was made up of i'm
ports, $s27 4OlJ73. and of exports, ST. 03O27s O3O
The ports were subdivided into domestic
products, $l0l5, 732, OIL, and foreign exports,
Sl4, 5460l9. The increase in trade, over the
figures OF the previous year, was entirely in
our exports, as the imports showed slight
falling off from the record of 1891, It anne.-s
from 6tatfsticlan Dooge's analysis that
farm products furnished 7S. per cent of the
total trade last year, in value aggregating
QUO, 900 the value of our shipments OF agricul-
tural products in any single previous year.
and surpasses the record of 1889 by more
than $3.50, 900 900. Separating the total trade
in farm products into that made up of ami
mails and their products, bread and bread
stuffs, cotton and cottonseed, and the mis-
cellaneous products, it appears that the ex-
ports under each head during the last two
years have been: