Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-05

The net earnings for the six months ended
June 80, 1892, we're sA9,6So, against $l49, 1895
for the first six months OF 1891.
Chicago Gas Rival.
A special meeting of the stock holders Of
the Mutual Fuel Gas Company, of Chicago,
has been called for August 20 for the pur-
pose of voting on proposition to increase
the capital stock to $5,000.O00. At present
the capital stock is $500, 600 and 10 per cent is
being earned on it. The intention is to ex-
tena mains all over the Southside and ulti-
mately over the entire city of Chicago. The
lest men in the West and include such names
as L. z. Letter, j. j. Mitchell, President of the
Illinois Trust and Savings Bank, and others
of similar caliber. President Bogue says the
stockholders have decided not to sell out at
any price and the bulk of the stock has been
placed in trust to prevent any interest in
imical to the policy of cheap gas for Chicago
from securing control. The Mutual COM
pany charges 30 cents per 1000 for gas,
against 81 25 by the Chicago Gas Com pany.
General Electric.
Amovement has been started in General
Electric which its promoters say will take
it to high. place. An insider says: "The
company owns patents for almost every
conceivable present use of electric power,
and is steadily advancing in their greater
perfection and wider application. 1 am
speaking close up to the book figures of the
company, Wnen tell you Gn6G Gne CON-
pany will show. for tho present year.
not less than S. 250, 600 of net earnings, and
proba bly, $500. coo. The company has issued
$30, ,O00, ,00O OF stock. and holds s9o,00O.0O0 in
to paying not only the iuil 8 per cent diyi-
dend for this year on the outstanding stock,
but will pay the same dividend for next
All this for a corporation whose business
cannot even stand still with good manage
ment, but must broaden out and expand
every year."
Financial Notes.
Unlisted street railway securities closed
as follows: P. & B. Traction, 26s<@26L; do
IS, lols6@lO115; Duqyesne Traction. 2ssS@2s1s;
do IS, lOoas@lOO1z; p, A M. Traction. ~
After the close 1861 was bid for Airbrake.
49, for Westinghouse electric preferred
and Pittsburg and Mexican tin was nominal
Andrew Caster sold 5000 St. Louis, Van.
dalia and Terre Haute second mortgage Is at
c; CHARTERS Valley Gas was inquired for after
Andrew Caster says he believes Airbrake
is going to 15O, and Fred Rinehart believes
P. & B. Traction will see IS before Christmas
"If we only had a little more midsummer
dullness,'" remarked Rinehart significantly
1--WE could manage to get along very we'll
The biggest bears on Reading are reported
to be MI. A. j. Cassatt, the horse breeder,
and Pennsylvania Railroad people. It is
from this source that the borrowing demand
for stock is supposed most largely to come,
and that they are heavily short OF it.
The talk on National Lead preferred Ia
very confident. The directors Of the COM
pany and their friends, are buying it for
higher prices.
For tie fourth week Of July Wheeling and
Lake Erie shows an increase of 1910 and for
the month $2064L
The First National Bank Of Chicago. the
largest in that city. of which Lyman D. Gage
is president, proposes to increase its capital,
now S3 600 900, to $6 900 900, which will give it
the largest capital in the country. It has
s., 100000 surplus and about $300o0,0o0 do
posits.
James Carothers bought the Airbrake
after the close at l27E from Rinehart.
Sproul Co. bought Pittsburg and Birm.