Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-29
DUQUESNE IS FIRMER
And P. & B. Shows Strength After
Fairly Good Trading.
PHILADELPHIA COMPANY HIGHER
And Nearly All the InduStrials Show an
Improving Tendency.
GOSSIP, SALES AND CLOSING QUOTATIONS

WEDNESDAY, Dec. %.
Duouesne traction, Central traction and
P. & B. traction were the only active items
on Change to-day, though only Duquesne
and P. & B. we're traded in to any extent.
Duouesne opened at 27 sales, sold up to
27X and closed strong at 27H bid. ?. & b
ruled rather weak throughout most OF the
session, but it closed at the highest, and
fractionally above the best sale OF the day.
At the last call it was intimated that the
directors of the company would meet to-
morrow (Thu rsday) and declare the much
taIked-of dividend. The strength of Du-
ouesne was ascribed to buying for the account
of insiders. Central traction sold at
27. but only a small odd lot changed hands,
and the closing bid was half point above
the sale price. The industrials, with the ex-
canton of Switch and Signal, were firmer
and some of them were higher. Citizens
traction held its own at 6S BID, Luster Ea1neo
a fraction and Ph1laoelphla company
closed on a small fractional advance.
With regard to Philadelphia Company 1t
must be said that its condition with regard
to the supply of gas is growing no bet
ter very last. Scores of its customers in the
East End are taking the bull by the horns
and returning to the use OF coal.
All of the commission houses at the CEN
tral drove yards will cease trying to get gas
enough to make fire with Saturday. On
that day they will commence to burn coal
again. A number of people in the second,
Third Sixth and Eighth wards are also con-
dusky diamonds The problem of eQualiz-
ing the supply and demand Will thus pc
solved without an effort on the part Of the
Philadelphia Company.
Company for security deposits read sub
stantiaIly as follows: "This is to certify
that the Philadelphia Company has received
from John Doe $--as security lor gas 70 De
who inspected one of these receipts to-day
gave it as his opinion that In the eyes OF the
law it was q contract by which the Ph1la-
delphia Company could be held accountable
for damages resulting from failure to furn-
ish gas at the places speclneo.
In well-informed circles it is limited that
Mr.. Westinghouse is dissatisfied with one
of his Philadelphia Company lieutenants,
and that the gentleman will be as ked to step
down and out between this and the next
annual meeting.
The street believes that the Economics
are disposing of their securities. Five hun
dred shares of Monongahela Water Com
pauy were sold in one block by prominent
Wood street house this week at 3d. and It
comes from q very reliable source that 1t
was sold for the account of the Economics.
A gentleman prominent in banking circles
also states that some bonds long held by the
society have lately found their way to
market.
The unlisted street railway securities
closed as follows; P. & B. traction, 249z@
Is; do 5s, e91%9lOO Duquesne traction, IN
bid: do 6s, 1923 asked;
just after The last call Pittsburg, Knox
vile and Allentown traction, 6s' were
offered at par and interest.
A small lot of American Brake was offered
on Change at So.
Sales and Closing Quotations.
The transactions recorded on the Ex-
change Gales board to-day were as follows:
FIRST CALL.
$50 shares Duquesne traction....................T
SECOND CALL.
eshares Central traction.
IS shares 2. & B. traction .............. 2&
20 shares Duquesne traction ................. N1s
AFTER CALL.
80 shares Duquesne traction.
so shares DuQuesne traction
THIRD CALL.
25 shares P, & B. ction.................. 24SS
200 shares p. & B. traction n................ 2411
so shares DuQuesne traction. NS
10 shares DcQuesne traction.... ............. IN
AFTER CALL.
% shares Duquesne traction 7A
Total sales, 6A shares. Closing bids and
offers: