Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-09
FINANCE AND TRADE.
interest in the Election Restricts
Business Materially.
STOCKS APPARENTLY UNCHANGED.
Hambleton T. Co. Furnish Some lnforma-
tion About R. & q.
GOSSIP, REAL ESTATE SALES, OIL, ETC.
TUESDAY, Nov, 6.

TUESDAY, Nov. 6.
The banks were open to-day, and SO were
the Grain and Flour Exchange, the offices
of the stock brokers, real estate and mer-
chandise brokers The wholesale and retail
mercantile houses were also open for bust
ness, as usual, but the Stock Exchange was
closed, and in no other quarter was any
attention of consequence paid to trading.
A little interest was manifested in local
securities, but SO far as inquiries were ex-
tended, the list appeared to be unchanged.
AT the meeting OF the Western Insurance
Company to-day .he old Board o: Directors
was reelected, as follows: Alexander MINI
lex, Charles J.Clarke, Philip Reymer, II. Sell
lers Mckee, John B. jackson, Edwin II.
Stowe, James S. Atterbury. James A. Nc
Dewitt, William n. Frew, Chris L. Magee,
John H. Dalzell, p. Harvey Miller, William
L. Holmes.
Transactions in Duquesne traction and
Philadelphia Company were reported on the
street this Afternoon at 2Ss and 2s1s re-
spectively.
Instead of reading President. Otto C.
Bergdorff," the first ticket presented by the
Bankers and Bank Clerks ASSOCIATION,
printed in The DISPATCH, should Lave read:
President, John W. Taylor; Vice President,
Otto c. Bergdorff" The rest of the ticket as
printed was correct.
PittsburS, Allegheny and Manchester Com
peny, dated November s. 1872, were being
paid of to-day by the Fidelity little and Trust
The Pittsburg Incline Plane Company an
nounces a quarterly dividend of "a per cent
payable on demand.
Baltimore and Ohio.
The following is from the circular letter of
Messrs Hambeton & Co., of Baltimore:
''Some large transactions in Baltimore and
Ohio stock at the New York Exchange and a
slight improvement in prices were made the
occasion of a rumor that some deal was on
foot and that an option had been obtained
on a majority interest in the Baltimore and
Ohio Company. The pool, which purchased
the S., COO 000 treasury stock from the Balti-
more and Ohio Company, have been large
traders in or rather buyers of Baltimore
and Ohio stock in the market, and
have, probably, accumulated 10000 ad-
ditional shares, and are supposed to
control some 10000 out of the total
200 shares. The Garrett party here hold
5000 shares of B. & o., so that the two in
terests now hold a majority of the capital
stock, and if combined could at any moment
control the management and policy of the
company. As an investment, B. o. stock
is not especially attractive. The company
has only recently resumed the payment of
dividends and has aslncreasedit its capital stock
from SIS, 600 900 to SIS, ,000 900. This capitali-
zation,it is true, is comparatively small, out
the funded debt and fixed charges are e1ces-
sfveIy large. The earnings of the company
show large decrease, and except for tie
nFgs to the n G2sn9 aT trA FG
creased for % the 0OGDg r months sa's $500 600 600
net. As 1t is, the decrease was over
100000. B. & o. stock has undoubtedly, in
addition to its intrinsic worth, speculative
value which may command fancy prices for
controlling interest. The two parties who
hold the majority will probably come
ether ultimately a deal ha effecto6 nd
the road change hands. We have no doubt
that sooner or later this will take place. but
we hardly think the time has yet arrived.
The Reading and B. & o. are working in
harmony ana have mutual interests. The
B. 4 o. would be valuable acquisition to
the Reading system, and some day the two
systems may be united For the present B.
o. promises to remain it stands, and
any movement in its shares will be, in our
opinion, governed more by manipulation
thHn by any prospective change in the |
management and policy of the company" |
Real Estate Sales.
TUESDAY, Nov. 8. |
Owing to the election, very little business |
was transacted in realty circles to-day.
One permit was issued by the Building In
spector to H. A. Grabe for the erection of q
one-story frame storeroom on Second ave-
nue., near Greenwood street: cost, s<23.
The following sales were reported by the
agents:
C.KChamberlin reports the following sales
oflots in the NimmickTerrace plan, Wilkins |
burg: lot Nos. % and "A TO A W. Tenant
tor So 900: lot No. 81 to Mrs. Susan Tenant,
for $780, lot No. IS to Mr.. Robinson, for |
$50, and lot No. SO 10 Al. Karl, for s75O
Morris & Aisbitt sold lot No in the Oak
land Place plan, 24yl00, tor $3.50. |
Black & Baird sold to Eugene Schmidt a |
lot on the western side OF Pacific avenue,
40xl3S feet, for 50, 760 spot cash.
Joseph P. Rankin & Co. sold two lots in the |
Trqvilla plan at Sewickley, 5Oxi50 feet each, |
to E. P. Coffin, cashier OF First National |
Bank of Sewickley, for 81, 600.
John h. Ewing 81 Co. sold to Elmer S. |
Greenwald, for f. G. Rohkaste a lot a0xlOO |
Ieet, on Sheridan avenue, Tenth ward Alle-
gheny, for s275 on monthly payments.
The Burrell and kensington Improvement |
Companies report the following sale of lots
at kensington: Wilbur b. Ha ~lev New
Kensington, Pa, lot 30, block l3, for S562 so /
cash; Alexander Olbeter, Pittshnrg, lots al6 |
and 2l7, block 25, Tor 81 ,465 96: Henry F.
Meyer. Parker's Landing, Pa, south Is teet
of lot 30 and north 10 feet of lot 3D. block l.
for 81, l47 so.