Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-06
STOCKS TAKE A REST.
A Straw or Two Indicating That
They Will Open Strong.
GOOD INQUIRY FOR THE LEADERS.
A Number Of New Enterprises Started in
the South.
LOCAL AND GENERAL FINANCIAL NEWS
MONDAY. Sen. 3.

mONDAf, sep. Q.
The banks and the Oil and Stock Ex-
change were closed to-day, but the real es-
tate men were about their Offices, az usual,
and some of the stock brokers were In their
accustomed places closing up old business,
making preparations for new deals and dis
cussing the early probabilities with those
who dropped in from force of habit-au of
which gave "the street" an appearance 'of
life not usual to holiday. Considerable
curiosity was expressed regarding the prob
able opening of the market for local securi-
ties Tuesday, with the best opinion inclined
to belief in strong opening, providing
there are no developments calculated to in
tensify the cholera scare.
The bears in Wall street will undoubtedly
work the scare for all it is worth, and it will
be q very easy matter for them to de-
press prices on any unfavorsble develop
ments On the other hand, the bulls will
be quick to take advantage of anything fav-
orable and bring about q reaction. Any
change East will find something of a refiec-
tion here, so that our market VIII be
governed, to a certain extent, by the
change. The brokers about the street to-
81 day. however, noted an inquiry for Phiiaoel-
phia Company, Union Switch and Signal,
Westinghouse Electric second preferred
and Duquesne Traction, from which it was
inferred that the opening in these stocks
would be steady at least.
Financial Notes.
Andrew Caster sold $4,000 Braddock and
Turtle Creek Street Railway per cent
bonds at 1o3 and interest.
A small lot of Westinghouse Airbrake was
offered at 13Az
The Treasury Department. up to and in
cluding Aug. 81, shipped s., 600 900 to various
points in the United States for moving crops,
against sl4. 500 900 for the corresponding
by the fact that the Southern and Western
banks are well supplied with money this
year.
and the Lehigh Valley by which the former
gets a direct route for its passenger trains
from Rochester to Buffalo over the Lehigh's
extension.
1t is stated upon good authority semi
official in its character that the cash and
assets Of the American Lead Company are
about S, 500, 000
The Cotton Oil people state that the COM
pany now has in assets readily convertible
into cash over SS,000O0l.
improvements in the South.
In its summary Of the industrial develop
ment of the South, Tor the week ending Sep
teuuber g. the Chattanooga Trddesnan re-
ports SO new industries as established or in
corporated during the week, together with
g enlargements OF manufactures and 81 i'm
portant new buildings. Among the new in
dustries reported are brick works at Water
loo, Ca, $500, 900 development company at
Macon, Ca, a SlO000.000 irrigating company
organized at FL Psso, Tex, electric lighting
and power companies at Gonzales. Tex, and
Trenton, Tenn, and flour and grist mills at
MtWilling. Ala, Charlotte, n. G., Richmond,
~: Columbia, Tenn, and Houston, Tex.
$1,000 sRErSsred sHraware tfsGt company has been
cycle factory established at Hous-
ton, Tex, foundry and machine
shop at Blacksburg, S. c., and nail factory
at Bridgeport Ala. Coal mines are TO be
opened at Buckhannon, W. Va, lead mines
ar Cleveland, Tenn, and nickel mines at
Allegheny Springs, Va A $4,000 oil mill
at Saltvflle, Va, sugar refineries at La
Fayette and Ibervflle, La, cotton mills es-
tablished at Talladega, Ala, Meridian. Miss,
johnson City and Memphis, Tenn, knitting
mills at Bridgeport and opelika, Ala. and
Roanoke, Va, and a WOODEN mill at Lewis
burg, Tenn. SlC0 600 woodenware plant at
at Arkansas City. Ark, a sash and blind
factory at Houston. Texas saw and planning
mills at Anthony and Tampa, Fla, and
Mobile, Ala, and a handle factory on large
scale at Bristol, Tenn.
Tusiness Straw.
A straw" indicating the gradual improve
ment in the general business situation at
the present time. according to the Boston
Traveller, is found in the fact that the boot
and shoe manufacturers all Through New
England are already getting an unusual
number of orders. The "busy season" has
set in nearly two weeks ahead of the usual
time and the factories in many cases are
being run 70 their utmost capacity to meet
the demand. So good is the trade that many
firms have, contrary to their custom not
statesmen
business right at hand is giving them all
they can do for the present.