Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-22
GAS SHARES WEAKEN
On Continued Complaints About an
Inadequate Supply of Gas.
FRACTIONS HOLDING UP WELL.
Most Inquiry for PittSburg and Birming-
ham, Duquesne and Citizens
GOSSIP, SALES AND FINAL PRICES

1
There was little more trading on the
local board to-day than yesterday, but it
did not amount to much and was far from
being sufficient to bring the market out OF
the rut. The trading covered Philadelphia
Company, P, A. & M. traction, P. & B.
traction, Westinghouse Airbrake and West
inghouse Electric scrip. Philadelphia Com
pany continued to show weakness under ad-
ditional reports of short supply of gas, the
complaints this time coming from East
Liberty. The pressure was very light out
in the direction of the stock yards, where
| the Offices of the commission men were
| cold and cherries, and in other sections 1t
was said there was scarcely gas enough this
| morning to light. In other districts the
supply was ample, and the Philadelphia
| Company officials stated that the company
had gas enough to supply all their
patrons, and that they could not ac-
count for the reports of shortage here
and there except upon the assump-
tion that something was wrong with either
the service pipes or the house pipes.
Any way, the reports are current: and they
are the only depressing factors so M far as
known. If the company has plenty
of gas, which the officials claim
the stock is dirt cheap at current prices; II
gas is short, which many say is a TACT. the
stock is several points too high. 1t is merely
question of supply. Anyone who can
solve it satisfactorily will know which side
of the market to take. The stock sold down
to-day to 1917 and closed at $4,000.
p, A. & NJ traction sold at lS11 and closed
offered at the same price. P. & B. traction
was f1rmer at 25 sales and bid; Airbrake sold
at 1S0, closing strong. and Westinghouse
Electric scrip sold at 81, with moro wanted
at the same price.
Duquesne traction was firmly held; Citi-
zens traction was nrmer but otherwise note
worthy chances were lacking.
Regarding Standard Underground Cable,
story was heard TO the effect that there will
be no melon cutting next month; that the
money long overdue from the New York
with the expectations entertained a few
days ago; that the debtor company failed to
negotiate a loan in London and has conse-
quently Indefinitely postponed settlement.
or the amount due the Cable Com
pany ($lso 0OO), Sl50,000 is unsecured,
but the remainder is secured, and the
company proposes to resort to legal meas
paid over in short order. Aside from this,
however, talk about the Underground Com
pany is favorable. There will probably be
of " per cent paid next month, but the
company's net earnings during the nast year
have been somewhere around 100000, and 1t
has oceans of work in sight.
A little fresh gossip on the Northside
street railway deal was passed around to-
DAY. 1t was stated that Colonel Stone, the
attorney of the Pleasant Valley Railway,
had been called home from Washington TO
participate in putting on the finishing
touches, which would be done Friday night,
and that early next week. probably Tuesday
or Wednesday, p. V. stockholders would be
asked to turn in their holdings in exchange
for Manchester stock. So far as the officers
and directors of the consolidated system are
concerned, the slate presented in these col
umns last fall Will go through without a
break.
Citizens traction 5s were quoted at lO7
bid, Pittsburg trac tion 5s at l04 bid, and
Point bridge second mortgage IS at lou bid.
Union Trust Company was offered ut 81
after the last close.
Unlisted securities closed as follows: P. Il
B. traction, 25@251S: do 6s, 100 asked; Du-
quesne traction, 271S@2S; Duquesne 5s, 102H
asked; P. A. & NJ. TRACTION, 431z14312; Central
traction 5s. l0455; Westinghouse Electric
scrip, 92@9s.
The Furry Over.
dispatch from Washington says: Re-
ports received ut the Treasury Department
to-day indicate that the furry IN Wall street
is at an end for the present and that e1-
change has fallen below the shipping point
A statement issued by the United States
Treasurer shows that the net gold holdings
OF the Government to-day are Sis, ,2s4. 1914, q
decrease of nearly Sc 600 900 since the 10th in
ment. |
Sales and Closing Quotations.
The transactions recorded on the Ex-
change sales board to-day were as follows:
FIRST CALL.