Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-24

official of the company said to-day that the
company's works are seldom run up to their
| capacity throughout the entire year. Busi-
ness comes by fits and starts. They always
| have surplus production. They are COM
pelled TO have it, as sometimes orders are
received OF such magnitude that they could
not be filled, large as is the company's ca
| pacity, unless they carried a surplus The
reason a building is being erected at Will
merding to store excess production in is
| because there is not room in the works
| proper to store it in conveniently. The
| company had a storeroom in Allegheny, but
| they have never had one in Wilmerding.
| Westinghouse Brake Company Limited.
Reports just received from abroad indi-
cate that the English Brake Company is in a
very fourishing condition. The company has
recently completed new works in London,
which are running to their full capacity,
and is now building new works in Paris and
enlarging the old works in Hanover. 1t
recently entered into a contract with the
Government for the equipment of all the
| rolling stock of the German State rail-
ways with the new Quick-acting brake.
Many of these cars and engines were
formerly equipped with the CARPENTER
brake, which has now been discarded. The
company has also recently made a contract
with the Roumanian State railways for the
substitution OF the Quick-acting brake in
place OF the Hardy vacuum brake hereto
fore used. Great advances have also been
made in Belgium, Switzerland and AUS
tralia, and the company is now greatly
crowded with orders. The greater part OF
this new business comes from vehicles used
in passenger traffic, but in Belgium the
Government, which owns the railroads,
after long experimenting, is now giving
consideration to the application OF the
brakes to the freight equipment, and partic-
ularly to the portion used in military oper.
ations. These additions to the business OF
the English company will be interesting to
the stockholders of the local company, for
the latter has in its treasury over 81, 200,
par value, of the stock of the English com.
pany.
La Noria Mining Company.
An inquiry regarding La Noria is answered
as follows: The La Noria Mining Company
was incorporated January IA, 1885, with a
capital OF S., 600 030 par 25. full paid and non
assessable, for the purpose of silver mining
in the State of Zacatecas Mexico The
mines were formerly worked by the Mexi-
cans. who, however, did nothing bur surface
mining. Shafts were sunk by the La Noria
people, but nothing of consequence was
ever taken out. What little silver they sue
ceeded in getting was stolen, We be-
lieve, by some Mexicans while it was
in transit to point where it could
be shipped to Pittsburg to cure
the sore eyes of the stockholders. The
highest point the stock ever touched was
Sc so in May, 1887, and the lowest 121ac some
time in 1890. In 1889 the Motolina Mining
and Developing Company was organized to
lease and operate the La Noria mines for a |
tel m of ten years, the capital being $2C0 600. |
par ST. full paid This company has been |
operating three years, but that they have |
not found much in the lower levels is evil |
denced by the TACT that they now want SIS 900 |
more, a portion to be used TO liQuidate in |
debtedness and the remainder for working |
capital in further developing the mines. |
They have seven years yet to de- |
velop. if they want them, at the end of |
which period the property is returned to
the La Noria people. They may strike it
rich and they may not, but the chances are
that if they do very little will be left for the |
original La Noria stockholders. In short,
the French epigram, Nothing can come of
nothing" seems to be especially applicap ple
to La Noria.
How Our Banks Stand.
Pittsburg has 81 incorporated banking in
exclusive of private banks, with
deposits, ETC., according to the
figuring of A. j. Stoney, Jr, as follows:
Surplus and
Undivided
National banks.7 81. .oi0 COO s., sl3 SIS 1863 s2s
Trust C'mp'n's. 1,49O,54o 25a. 4s5 5,4A. 4s2
Stale and other
banks....2O &42o.2S 2snII5 81, ,2se, ,s13
Totals 80. ...5 SIS GIL 2g7 Sill oia s75 ss2 so2 621
The combiRed resources of these banks
and trust companies as complied from the