Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-15
FIRMNESS DISPLAYED
By the Local List in the Face of
Continued Dullness.
LUSTER'S BOON IN BAD SHAPE.
Union Switch and Signal Shows a Re-
covering Tendency.
CHANGES GENERALLY SMALL GAINS

THURSDAY, July a.
So far as the sales on Change were any
criterion to-day's market for local securi-
ties was the dullest for the week, or, for
that matter, of many weeks There was,
however, evidence of a fair midsummer
volume of business in progress along the
street. The tone appeared to be improved
also, and, In general way, encouraging in
dications were quite as numerous as dis
couraging ones, the main one being the
irmness displayed by the list in the face of
the dullness present and prospective. So far,
also, from there being any pressure to sell
anything excepting one of the items of the
mining group that has been manipulated
more or less during the past few days there
was slight improvement in the inquiry
for some of the leading specalties, and
number of them displayed q hardening
tendency.
Course Of the Market.
As foreshadowed in this column yester-
day, the boom, or rather boomlet, in Luster
collapsed almost completely There were
no sales of the stock and no one desired to
buy, even at softening quotations, and with
a number of the brokers and traders, evil
IDENTIFY desirous of taking profits or whack
at the short side, a gradual decline ensued,
the close being heavy at 10@11H, with one
lot offered under II after the close. On its
merits, so far as can be discovered, the
stock should go lower. but there is very lit
tie floating about and as the bulk of the
capital is held by the immediate insiders, it
would be very easy matter to mark up the
price.
Union Switch and Signal reacted some
what from the weakness of yesterday, sell
ing at l515, against l5A yesterday afternoon.
and closing strong and in fair demand at
1875. Evidently there is someone who fam
cies the stock for some purpose OF other,
and it will probably go higher.
IN the street railway list Central Traction
sold at 291s closing strong a a9@29l4. but all
the others were quiet and unchanged. Pleas
however. and the best bid for P. & B. Trac-
tion was 25h
In the gas group Philadelphia Company
closed slight fraction higher at 1s5s@lSs4,
which was the only noticeable change.
Boatman's insurance Company was bid up
to 35 and junction Railroad to 3S54, which is
the highest point touched by the latter in
years. There has been good demand from
the East for Junction for some time past
and it is reliably stated that a good deal of
the stock has gone East. 1t is also said that
the Eastern buyers are interested in some
scheme that will ultimately benefit the
road quite materially, but character could
not be asceItained. The price bid for Boat
mans Insurance was not high, considering
the fact that the company, now in process
OF liquidation, will probably clean up some
where above 40.
About the usual quotations were made on
the remainder of the list, the only fresh ones
being "A bid and 46 asked for Allegheny Gas.
The June Exports
The total exports of breadstuffs during
June reached the value of $l6 AIS, ,977, making
the exports for the past six months $l32, 1885,
so7, and the exports for the past Il months
$2ss, $685. 900. The corresponding figures for
1891 were $l3 99 536 for June S6S $50 307 for six
months and Sl23, 1856. $40 for II months. The
exports of live cattle during June were 3d.
i02 head, valued at 50 OBJ, ,147, ma king the ex-
ports 1 for y months ending 80. June 80. 1892,
ports for the preceding u months of 355,s7S
head, valued at $29, e96 496. The exports of
hogs during June last were 1894 valued at
SI9 $50 against exports in June, 1891, of 743
head, valued at Sc. .944 The value of the ex-
ports of hogs for Il months ending June 30,
1892, was $170551 against $299, ,266 for 1891. The
total value of the exports of beef. hogs and
dairy products was 81, OBS, ,547 for June, 1892
against S., 139, 275 for June, 1891, making the
values for six months $67, ,55S. .2O2 in 1892,
against SIS, ,s9s. 63l in 1891.
Britain's Capital Creations.
recent report of new capital creations in
Great Britain for the first half of 1892 shows
how this periodical movement affects new
in that country. In the year
lcSo Tile new SECURITIES OHeT6u amour CeQ TO
S. 0C0 in 1889 to S947 000 900 and in 1890 to
S7l2, 600, while the year 1899 had also been
one of unusual expansion. The collapse
came with the last quarter Of $50. in which
the new issues were only S6S, 600. 900, and i'll
the whole year 1891 they were only s523 OOO.-
700, while in the first half of 1892 the amount
was but S270.U0O000.
Financial Notes.
The directors of the Edison General Elec-
;ric Company have declar ed tile quarterly
dividend of per cent on all the stock OF the |
company, payable August 1.
The directors of the Pennsylvania Water |
Company yesterday declared semi-annual |
dividend of 3 per cent on the preferred stock. |
Checks will be mailed to stockholders July |
The bridge over Jacks run for the Belle
7ue branch of the Pleasant Valley Railway
will be completed about october l. 1t will |
,e 15s feet above the run, 1000 feet long and
will cost $4,000.
1t was stated more confidently than ever
o-day that the Philadelphia Company has
process for the manufacture of gas for both
leating and illuminating purposes that has
,een tested and proven to be pronounced
uccess in every respect.
Buffalo, Rochester and Pittsburg's gross
arnings for the first week o: July were
80, ,545 an increase OF $3.50. Pittsburg and
Western, $43 32s: decrease, s6S5l.
An agent OF the Pennsylvania Railroad
allied Tor Europe to-day to open an office in
Iondon, with possible branches elsewhere, |
o secure passengers for the Worlds Fair
" way of this company's line All of the
ailroads will bid high for this class of Gus
ON.
At the meeting of the sales agents of the
nthracite- coal carrying and produ cling
Dads to be held in the last week of this
lonth, the price OF coal of all sizes will
robably again be advanced 25 cents per
on, the increase to take effect August l.
The expected movement in Plea SAINT Valley |
id not materialiZe.
The generators that the Westinghouse
is building to furnish electricity
Dr. tie 81, 600 incandescent lamps at the
Vorld's Fair are to be the largest in the |
-orld. One of them will operate 90, 600 lamps. |
The ordinary generator supplies but 1,5OO
lmps." Mr.. Westinghouse says, "and most
them less. Our largest generator will sup |
ly 20, 600 lamps, and most of the others will |
e OF l0,0G0-lamp capacity"
At the last call Electric scrip was offered |
t 80 per cent, and Howard Plate Glass at l0O
The Acting Comptroller OF the Currency |
as called for report of the condition of |
ational banks at the close of business
uesday, July L.
Sales and Final Prices.
The ouly transactions on Change occurring
the second call were as follows: 20 shares
entral Traction at 291s. and 10 shares Union |
oh at l51/ n id, ND |