Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-14
................$639, 4S9, 0
Financial Notes.


| Financial Notes.
Duquesne traction closed at 295S@2Q7k, P.
| & b. traction at 257a@26 and P, A. & NJ. trac-
tion at43N bid.
W. /. Muslin, of G. B. Hill & Co., will ar
| rive home from his vacation tomorrow
| "wednesday morning.
| A Fourth avenue bank cashier remarked
| this afternoon that the Pttsburg-Duquesne
| people had bid rs tor Citizens traction and
| that The controlling spirits of the latter had
| offered to sell tor 100. This is quite an ad-
| vance over previously reported prices.
"The net earnings of the Westinghouse
| Airbrake Company from its repair work
alone" said a well-posted street man, 'are
sufficient to enable the company to pay 10
| per cent per annum on its capital OF 50 600,
600. This repair work is constantly increasing,
and in a low years more will amount to mil
lions or dollars. By the way" continued the
gentleman, "it is worthy OF note that the net
earnings of the company for the past fiscal
year were more than one-third as large as
those of the great Pennsylvania Railroad
The directors of the Western Union Tele-
graph Company declared quarterly divi-
dend of ~ per cent to-day.
Citizens traction bonds were quoted at
10715 bid to-day, and Pittsburg traction 5s at
log bid.
Long and Kuhn Bros. sold Duquesne trac-
tion and Rea Bros. bought
Hill & Co. bought p. A NJ. traction from
Kuhn Bros.
ii. NJ. Long and j. j. Campbell wore the
Chief buyers of Phila delphia Company, and
Morris & Brown, j. d. Bailey and Lawrence
& Co. the principal sellers.
John Ramsey bought Central traction
and Messrs. Long and Rinehart sold.
For the first week IN September the earn
ings of the Buffalo, Rocnes ter and PittSDurg
Railroad show a decrease of 5000
From Sproul g. Co.'s market letter: "The
cholera excitement seems to be in allegiance
and the growing confidence in the efficacy
of the quarantine creates hope that exag-
gerated ideas on the subject will not be al
lowed to inter ere with foreign trade to the
extent that has been witnessed in the past
fortnight"
The following have been elected directors
of the Wabash Railroad: Francis Pavy, q.
c. Macrae, Edgar T: Welles, Harry K. Nc
Harg L. II. Hubbard, z. j. Lawrence.
George j. Could, Russell Sage, John T.
Terry, S. C. Reynolds, Z. B. Wyckoff, Jay
Gould, o. D. Ashley.
The Manhattan Elevated Railroad Com
pany declared the regular quarterly divi-
dend of ~ per cent to-day.
F. S.-Tne bid should have read 95 instead
of g.
Gross earnings of the Cleveland and Can
ton tor the month OF July were SIS, ,055, an in
crease of sl2, 3Sl. Net earnings were $32, GAG,
an increase OF "a, ,6SS.
There need be no alarm over the threat
| ened temporary tightness in money, for it
CAN only be temporary. Any lack of funds
will be readily supplied by contributions
from centers of capital where it is now a
drug. For instance take the European
capitals. In Paris money has never ruled as
easy as at present and London bankers are
asking but a paltry and / per. cent per
annum for time loans
The consolid alton of the De Bardeleben
Iron Company with the Tennessee Coal,
Iron and Railroad Company has been for
mally ratified and the De Bardeleben prop
erty has been turned over to the Tennessee
Company. The De Bardeleben Company re-
ceived in consideration 81, ,70O, 900 of an issue
of s. 600, 900 OF new stock, making the total
stock issued SIS, ,O00, ,0G0. The remaining $780,
100000 of stock is put into the Tea Anessee
Coal and Iron treasury.
sales and Final Prices.
Transactions on Change were as follows:
BEFORE CALLS.