Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-04
Against Passes on Street Railways.

bid; Citizens traction 5S at l06 DID and
Pittsburg traction 5s at 104 bid.
Against Passes on Street Railways.
In conversation with a Fourth avenue
broker this afternoon on street railway mat
ters, gentleman well known in street rail.
way circles said: IT am thinking of having
an injunction served on the President and
Secretary of every street railway company
in Allegheny county, restraining them from
issuing any more passes over their lines and
of taxing. other legal steps necessary to
break up the pass evil. The issuing of
passes is in direct violation of the laws of
the Commonwealth. and it is carried
rageous. If those who now ride on
passes, particularly over the North
side lines, were compelled to pay their fare,
the same as other people, there would be an
annual difference of thousands OF dollars in
favor Of every company in the two cities. /
think it would be charitable and righteous
move" The gentleman was evidently in a
jocular mood but he has plenty of time to
engage in such q movement, and is popular
ly supposed to be in his element when war
ring Tor or against street railway interests.
Condition of the Treasury.
The decrease of $4,000 in the Treasury
net cash balance during the month of
october. accompanied as it is by an increase
OF nearly s., 5,000,0O0 in the net gold fund,
makes a more favorable showing than was
to have been expected in view of the fact
that interest payments of more than So, ,0o0,-
0Co were made October /. November hav-
ing Deen reached with the surplus larger by
$5 900 600 than at the beginning of the fiscal
year and the gold fund s14 100000 above the
lowest point to which it fell during the
summer. the Treasury has met the require
ments OF the autumn with unexpected ease
and approaches the duller winter
season under more favorable conditions
than had been deemed possible. 1t
&c INV twill rir,rr anfr oTd dxar,o
that the increase of revenue for the four
months of the fiscal year has corresponded
SO closely with the increased expenditures:
the receipts rising from $ll9, 900 to $780,
expenditures increased from S1l6 0O0.0O0 to
$3.50. .000. 900. The increase of revenues was
quite as pronounced in October as during
the preceding months. and they were paid
to a larger degree in United States notes and
gold certificates and less In silver certih-
Gates and so-called Treasury notes. Treas
warrant no apprehension as to the ade-
quacy Of the provision for current require
ments, and to permit postponement Of
affecting the currency until tho
results of the International Monetary Con-
ference are made known.
Financial Notes.
Next Monday the members Of the Ex-
change will vote Tor or againsta proposition
to close the Exchange during election day.
IL Will prOuhUly u6 ClOsou.
q. M. Long was the only buyer at the first
board, buying T., A. & NJ. from Kuhn Bros,
philadelphia Company from Hill & Co. and
Switch and Signal preferred from Caster.
Hill & Co. sold Citizens traction to A. A.
Adams, and Adams sold Hill & Co. U. 8.
Glass common.
Lawrence & Co sold Duquesne traction to
Hill & Co., and Fred Rinehart sold Lustre to
r. j. Stoney, Jr
Broker Rinehart describes the tone of the
as zone of subdued strength"
Allegheny Valley Railway preferred was
offered on Change at 12H.
Dun Bros., of this city, have brought in q
big gas we'll on the Cline farm, near Manor. |
pressure of 800 pounds, and it is expected. |
when properly tested, that 1t will be in |
creased to 600 pounds The gas was found in |
the fifth sand at q depth Of 2,24O feet, or 400 |
feet below the famous Murrysville sand. |
This sand is IS feet thick.
D. The. directors of the West End Savings |
Bank have declared a semi-annual dividend |
Of per cent. payable on and after Novem- |
ber IL.
The earnings of the Chicago, Milwaukee |
and st. Paul road for the fourth week of |
October were 81, ,242, us. against ST. 2O25 5s4 for
crease of $40. 1sl. The earnings Of the Mil
waukee and Northern during the same week |
were $50, ,4ol, a decrease of sl2,537
MIR. Henry NJ. Neil, the well-known statis-
tican, estimates the cotton crop of 1892 at
!, 100 600 bales, maximum, exclusive of tho
Did cotton. In the event that the Texas
yield falls below 1000, 900 bales, he believes
that the crop may not reach even 100000
bales.
The report of the American Cotton Oil
Company shows profits for the year of g.
'27,59s; deouctfng $673,725 for expenses and
crease of $5S0,97 The net accumulated
profits were $40S5, $50 and the balance to
profit and loss account $5,939. 553. The July
dividend on the preferred was S305, ,953 and
The net balance il ShllS 500 President |
Adams stated that the net earnings will be
lsed as working capital and for the settle
nent OF the debenture bonds. This avoids
he creation of floating debt, but iJ post
amount OF repairs expended
IN old mills have been regulated.
A quarterly dividend of - per share has
'een declared on the preferred and common
Company, payable December l. 1892 to stock.
holders of record November 10.
certificate of the increase of the capital
took of the ~. Western est ac Union on Telegraph Com
lied in the office of the Secretary of State. |
rhe tax on such increase was sl725O The |
states "that the amount of the |
apital or said corportion actually paid in is
100 000,000 and the whole amount OF the
!ebts and liabilities Of the corporation is
Is, ,254 $780,"
The following is one of the tickets that
Bank nss 1y see
tion for officers for the ensuing year:
John W. Taylor; Vice President,
tito G. Bergdorl; Treasurer. Edward E.
.er; Corresponding Secretary, Henry r.
Gully; Directors, T. E. Moore, George j.
iorman, Alex. H. Patterson, Alex. S. Came
on, James Milton Young, Benson s. Crump-
yoody. Another ticket is in preparation,
he object being to increase interest i'm the
lection and bring out the full vote.