Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-18
A GAIN In ELECTRIC.
4 General Demand Advances the
Second Preferred q Point.
GAS SHARES SCORE GOOD GAINS.
P. 4 B. Traction the Only Stock Conspicu-
ous for Weakness.
LOCAL AND GENERAL FINANCIAL NEWS

. WEDNESDAY, Aug. II.
Accepting the total number of shares
sold as criterion. to-day's market for local
securities was q more active one than its
immediate predecessor. 1t was not, how
ever, as the total transactions were brought
up above that OF the previous day by one
or two sales of round lots The market, as
matter of fact, was dull and narrow, but
majority of the noteworthy changes were
gains The most conspicuous were in
Westinghouse Electric second pre-
ferred and Philadelphia Company,
the former advancing to 3OX bid, and
sales, closing strong at 30X bid, and the
latter selling up to 20X and closing with
quite buoyant look at 20X@2l The
strength of Electric came from the East
Occurring IN 'ss Boston ' at see ssi % and Of the
first preferred in New York at 4sk. The
demand for Philadelphia Company was gem
eral, but there was some evidence that Bos-
ton was anxious to get hold of little of the
stock again, and also few straws showing
that some or the people about the big build
ing, corner of Ninth street and Penn
stocks closed at the best, with indications
OF being much higher before the end OF the
week. Peoples Pipeage was somewhat
f1rmer and l6H sales and close at l5@l51s,
vance, closing at 26 bid. The only stock
conspicuous for weakness was P. &. B. Trac-
ton. which dropped to s6@26k and sold at
the and to Se
fr1endless. Appearances, however, are
often misleading. 1t is current in well-in-
formed circles that after some of the street
p. & B. will be taken in hand by a strong
sss' it f05 beyond turn at lsass snas with s
ton, which latter was off a fraction, the
street railway group was unchanged and
featureless. Airbrake recovered to 1291z bid;
Qnderground Cable looked stronger and U.
S. Glass and Luster were down, the former
to 691s asked and the latter to sH@9.
Tho Northside Deal.
The street had it to-day that the deal be-
tween the Pleasant Valley and p, A. & NJ.
Traction Companies was closed up this after.
noon, SO far as the projectors of it coming to
an understanding was concerned, and that
the matter would now soon be laid
before the stockholders OF the two COM
panies at special meeting soon to be called.
The r, A. d NJ. people will soon call special
meeting, it was said, for the purpose of con-
sidering the proposition of increasing its
capital stock to S500O,000 and when this is
done the deal may be regarded as practically
closed. So far as learned, there have been
no changes in the terms upon which the
P, A: M. will absorb the P. ", and there
are likely to be none of consequence. Those
who ought to know say MIR. John Dalzell
will be President of the amalgamated
roads, Mr.. D. F. Henry, Vice President
and General Manager; Mr.. william Ramsey
Treasurer; A. M. Neeper, Secretary and
Congressman Stone, Solicitor. The con-
solidated roads will make one of the great
est street railway systems in the West, but
when the great consolidation of the North
side system with the Pittsburg- -Duquesne
combine occurs, as it undoubtedly will be-
lore many more moons have waved and
vowed, there will then be system without
peer west of New York and Boston,
Railroad Earnings.
The statement of the Western New York
and Pennsylvania Railroad for the quarter
ending June 80 is appended: