Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-12
STOCKS QUITE DULL,
But in the Main They Are Well Held
and Promise to Rise.
PHILADELPHIA co. Is WEAKER,
And ?. 4 B. Traction Shows . Tendency to
Lower Prices
OTHERS STEADY AND UNCHANGED

MONDAY, July II.
The dullness superinduced- by the labo
troubles continues to be the most marke
feature of the market for local securitie.
1t is difficult to engage the attention o
bankers and brokers for any REASONABLE
length of time unless one talks about tn
situation at Homestead, the cause of tn
lockout and the probable result, and 1t i
therefore next to impossible to get any
news or gossip bearing on the market Th'
dullness, however, fails to have any mate
rial influence in the direction of depressing
prices. There is no weakness of conse
quence in any part of the list, and under
meath the surface of the market the sam'
strong, healthy tone that prevailed
for some time prior to the be
ginning of the war at Homestead
is still plainly observable. Best opinion
holds most of the list at current prices de-
cided purchases, and inclines to beliei
that the leading specialtles will again be.
come active and show increased strength
when the one factor responsible for the
dullness has been eliminated. There was q
better feeling to-day along the street in con-
sequence of the pacific reports from up the
Monongahela and the probability of q
speedy restoration of affairs there to their
normal condition, as a result of the ordering
| of the militia to the rescue, and It Is reason
able to expect that an Improvement in trad
| ing will follow a termination of the trouble.
Trading on 'chanSe to-day was very light,
the
Luster Mining Company, Duquesne Traction
stock and bonds and Philadefphia Company.
! The latter dropped little under the mar
] keting of a few shares, but neither the SELL
| ing nor the course of prices carried any
| significance. Tho sentiment on the stock re-
mains conservatively bullish. There is no
reason why its price should decline and
| there are several why it should advance
| the main one being of course, the decided
improvement in the company's physical and
financial condition. The friends of the
| chases on the list. Peoples Natural Gas
and Pipeage continued to show strength,
from which the inference was drawn that
there was ; still nope in some quarters 1sI OF an
for Pennsylvania Gas at 10, but all the other
members OF the group were featureless.
DuQuesne Traction was somewhat stronger
and the various street railway bond issues
exhibited an improved tendency. There
were no noteworthy changes in prices. how
ever, and the inquiry on change was mea-
ssr Stronger, % Pleasant Valley a Ras ali bue meg,
lected, and P. & B. Traction was off to 26
asked, no bid Citizens and Pittsburg Trac-
tions were steady to firm at about last
weeks closing prices.
In mining, electric and miscellaneous
shares, there was little or no change ex-
ceptinR slight stiffening in Luster, and a
little softening in U. s. Glass, common.
pressure to sell anything, and, perhaps, less
disposition to buy.
One of the brokers reported the sale off
change of q thousand shares of stock in one
noted transactions in street railway bonds
'at about the Market" and others did a
little business in Philadelphia company ana
DuQuesne Traction at about exchange
prices. All of which shows that the market
is not quite so dull as the exchange records
indicated.
directors of the Citizens Traction Company
this afternoon the regular Semi-annual div
idend OF three per cent was declared, pay
able July is. Transfer books will be closed
street people had expected an increase i'm
the dividend rate. but. as heretofore stated,
the necessity of large payments out OF this
years net earnings for improvements made
the postponement of the consideration of an
increase imperative.
The directors OF the Pleasant Valley Rail-
regular s,aeS sns
there will be nothing but an informal dis
cussion of the deal looking to the absorption
of the road by the P. A. & Nj. people,
Westinghouse Electric common was of.
fered on Change nt % and the scrip at 90 per
cent. Pittsburg & Mexican Tin was quoted
at25c bid and Howard Plate Glass at 100
A good deal of curiosity to know some.
thing about the June receipts Of the leading
street railway lines LIS manifested along the
such matters, however, and therefore moth.
ing but estimates can be given. A gentle
man who keeps close tab on street railway
matters furnishes the following figures, all
hofn fir11Qf f<asa a i'm hno forD u
Traction, which are official: Pittsburg &
Duquesne Combine, $4,000; Citizens Trac-
tion, 5000: Pleasant Valley. s33 900; p, A L
NJ. Traction, $33 QUO: p & B. Traction, S25 7CO
Central Traction, SIG. 800
After the adjournment of the Citizens
directors meeting this afternoon, Mr.. Magee |
for June, and for the six months of 1892, with |
were read at the meeting, but |
that the only statement that he remembered
was that the June receipts this year ex- |
ceeded those OF June, 1891, by upwards Of |
Local insurance men say that big fires in |
the South are occurring so frequently that |
some of the southern insurance companies |
will likely be wiped out of existence before |
The sentiment in favor of turning on the |
light is attaining such proportions that |
street railway officials here will soon be |
to heed it, and do as they do in |
Chicago, Philadelphia, Boston and Balti- |
the receipts of their lines |
eltnor Weehiy, ulouIuiy UT QuArCerly. Ii is /
due all vino are interested, and there is no |
good reason why it should not be done.
The total exports of gold since January l |
to ~. .70s, ,992, against 81, ,096 72l in |
1891 distributed follows: Great Britain: |
s6 3O2, 143: France. SIS, $780, 22s; Germany, $lS,-
S07, $50; West Indies S6 279, 32.; Mexico S6 500:
South America, $l,042, 943. All other coun-
tries, SO. 500.
The delay in extending rapid transit
and beyond the West End district |
and CHARTERS township is said to be due to |
the fact that the West End Railway Com
pany controls all the streets over which any
new road would have to pass to reach the |
city. The outcome of this state of affairs IL
is expected, will be that the West End peo- |
pie will either make terms with protectors
Of other lines or extend their own into the |
indicated.
Following were transactions on 'change:
FIRST CALL.
Is shares Iuster. ..................,,,.,... az L
so shares Duquesne traction. on..............., 2SS |
AFTER CALL.
10 shares Duquesne traction. ............... 2sx
SECOND CALL.
20 shares Philadelphia Co.................. 10
Is shares Philadelphia Co. Co......,.,,,,,, 10
10 shares Philadelphia Co. Co................... '19
THIRD CALL.
600 Duquesne traction 5s.... .............. 1ooS
Total sales. 130 shares stock and o. 900 bonds /
Closing bidS ana offers:
1st call ID eau Sd call.
Bid ASK BidIAs ( Bid iA.S
Nat. Bk. .... s5xl -. s5kI ....I s5H
n. Bk 80. .... 10 80. .... ..,. |
Odd Eel. Saw. Bk.... .... .... 20 80. .... ....
Ciflx I'M |