Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-25

In still others it was contended that
the company had q good deal more
to serve all its patrons properly. The fact
remains, however. that good deal of suffer-
ing was occasioneS in many households by
reason or an utter lack OF gas, and all efforts
OF the Philadelphia Company tailed to re-
lieve il. Coal has been in increased demand,
and its consumption is likely to be largely
increased from this out. 1t is not contended
that the Philadelphia Co. have not greater
supply of gas than a year ago. They un'
doubtedly have more gas now than then: bus
they also have Longer list of consum-
ers. They are furnishing larger
number of manufacturing establishments,
and that they are furnishing too many IS
sufficiently attested by the fact that before
6 o'clock IN the morning and after in the
evening there is an abundance of gas ior
household consumption. There is probably
no relic: for those afflicted with poor SER
vice. excepting that TO be obtained Dy q
return 10 the use OF coal; but some of them
argue that the management of. the
ing out its publicly expressed policy
in catering Co the manufacturers
to the detriment of the household
consumers. When manufacturers were nrst
Disseminated against by reason OF q lallihg
supply OF gas, the claim was advanced that
the household end of the business was the
most remunerative and must be taken care
OF. Has the valne OF the manufacturing emu
of the business increased since then2
In treating Philadelphia Company IN TINS
manner we are prompted solely by a desire
TO have the demand and supply more evenly
balanced. To make them approximately
equal, which, apparently, can only be done
by the cancellation OF some of the contracts,
will not materially affect the company's
revenue, and will be the means OF ulleVlat.
ing considerable suffering. Either cut Oh
some of the n:anufacI uring concerns, or
by some equitable proceeding, reduce the
number OF household consumers so mat
there Will be enough gas to go around. Inc
financial Wi 10
same.
The other gas shares sympathized more
or less closely with the leader Of the group,
but the market for them received but little
test.
The fractions.
The sale of a block of 500 shares of Du-
quesne at 27115, the firmness OF Pittsburg and
Birmingham: and Citizens, and the compar-
ative weakness of Central and p, A. & NJ,
were the features in this class of stocks.
The sale of Duquesne was said TO nave been
for the account OF 4 member OF pool.
which disrupted recently much after the
manner OF the pool in Chicago Gas. 2. q
B. was firm, for the reasons heretofore ex-
merits: Central was weak mainly on |
the inability of the street TO md out any |
thing about ii; PittsburE was maintained at |
81. and Z. V. and F., a. & VI. were more or |
less neglected. The final papers in the deal i
between the two latter were ready for Sig |
nature yesterday, it was said, and again |
to-day it was stated that number OF the |
of the two systems were to |
meet this afternoon to. have the final formal |
pow-wow. According to this talk p. V. stock |
will be .excnanged tor r., A. & M. next week |
and the two roads operated as one system |
on and after January l.
IndustriaIs.
Airbrake gained S. per share on light trad |
ing, just the extent OF the double dividend, |
and closed strong on the gain. Underground |
Cal bic sagged little under the announce |
ment that no melon would be cut next |
month beca use of the failure of the United |
States Light. Heat and Power Company, of |
New York, to,pay over that SiS0, 900; but the |
earnings for the year were re- |
ported as 100000 net; tile volume of work in |
hand and III sight unusually large, ana tue |
feeling on tile stock at tine reaction was |
fairly bullish. 4 little United states Glass |
was Offering, which made it appear some |
" hat weakel; Union Switch and Signal was |
fairly steady and Westinghouse Electric |
closed on d recovery to SS12 from 3O15.
Close of the Market
The holiday spirit was very strong on
Change to-day, and those present ut the |
last call of the eek did not appear to care |
to do more than 90 through the motions of |
trading. The only transaction was in Luster |
Mining Company, 100 shares, seller-60, selling |
ut 81 The closing bids and offers are eap- |
pended: