Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-26
AS DULL AS DEATH.
Trading in Local Securities Continues
on an Insignificant Scale,
BUT Prices REMAIN STEADY.
Union Switch and Signal Looks Is if 1t Was
Going Higher.
GOSSIP. SALES AND CLOSING PRICES

MONDAY, July 25.
The market for local securities to-day was
almost as dull as death. Very little life
was observable in any direction. No one,
apparently, cared to either buy or sell
stocks; no one, with very few exceptions,
would talk stocks, and therefore stocks
were more or less neglected. The same,
also, may be said of bonds, and, in fact, of
anything and everything in which the street
is usually interested when . normal condi-
tion of affairs exists. Bankers and brokers,
as q rule, were more inclined to discuss the
industrial situation, the latest developments
at Camp Black, or the mental con-
dition and probable disposition Of AS
sassin Berkman than to talk about business;
and now and then one was discovered
who had no ears for anything but discussion
some boundless contiguity of shade" And
so it went-the day wearing wearily away in
the melting midsummer sun and leaving
little business and few features In It's wake.
The items covered by the trading at the
Exchange were Westinghous Electric (new),
Pleasant Valley Railway, Philadelphia Com
pany and Luster Mining Company, with
firmness shown by all, though in the in.
stances of the Philadelphia Company and
Luster it did not look as If the buyers really
wanted the stock they bid for and got; In
QeeQ DOtn buyers subsequently OucTcu
their purchases at the prices paid.
There was a generally firm feeling on
these shares, however, as well as Oh the en-
tire list, which, to say the least, was en-
couraging considering the great dullness.
Outside the shares traded in, Central Trac-
tion and Duquesne Traction were strong
under continued fair demand; the other
street railways were steady to firm: N West. Nt.
options on Union Switch and Signal re-
fiected q belief in higher prices and others
were utterly featureless.
The Motolina Circular.
Following is the circular in full sent ont 70
the stockholders of the Motolina Consoli-
dated Mining Company by the Committee on
Subscriptions, to which reference was made
last week:
At meeting of the Motolina Consolidated
Mining Company, held July l6. 1892, reports
OF President and superintendent were read
and accepted. and the following resolution
was unanimously adopted:
'"That the subscription books of the Moto-
lima Consolidated Mining Company be re-
opened from now to, and including the 10Th
day of August. 1892, for tho purpose OF Sc
curing stock subscription to the amount OF
SIS, 900: $45,0o0 OF same to be applied to
outstanding indebtedness of the company.
The balance, $50, 1000 to the further devel-
opment OF said company's leased property.
Said subscription to be binding only in the
event of the total amount above stated be-
ing sabscribed. Fifty per cent cent OF said. sara su9 1e
1892; 25 per cent September Is, 1892. ana 25
per cent, or the balance in full, on or before
October Is, 1892.
"The Board of Directors, together with the
other creditors of your company, agree to
subscribe for $4,000 shares provided. the
stockholders will subscribe for $4,000 shares
of the stock. This willpay on all outstanding
Indebtedness and afford $4,000 working
capital, which is believec will be sufficient
to complete the Developments commenced
at the time Of leasing the property.
'Your committee feels that at the present
stage of development, the property is
nearer paying basis than at any time, and
it is believed to be to the best interests OF all
concerned, to complete the developments
now so well under way"
The New York Banks. Il
As showing the strength of the METRO
politan national banks and the magnitude
of their operations. the following abstract
of the reports made to the Comptroller of
the Currency, showing their condition at
tn close of business July u, last, Is of in
Jerest: