Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-21

Last of a n table Bridge.


The last support of the old Sixth street
suspension bridge was taken away Thurs
dsy, ard tho dohble wires, from end TO end,
s~un. and swayed to and ro jast as they
did when they were 1rst suspendsd "a years
ago. Ql!.e q thropg witnessed tho dnal
blow ut the structure that hal stood tho
storms and trafic of nearly two-score years.
and many we're there who know its history
81 they know their own. The last foot pas
early in the day, and thereafter loot travel
the breadth OF the old bridge. In
s DAY the SIKH stree,
this country, and in 1883, when tho Prince Of
Wales visited PittsbuIg, he thoroughly In
spected it and pronounced it one OF the
fines: 10 had evor seen. l. was built In 1883
by 81. EceblinG, VT cost of 500 0oU. and was
his second venture in the line uf suspc cnsion
bridges. The late John Harper. in connec-
Hoime-. were the moving spirits in Its con-
stt tuct.nn. In the buildinS Of the new
structure, which will COST about $'soeo0.
John B. jackson and George Shrns, Jr, are
the prime movers. Mr.. liras will be fresi-
den: O tue bridge company, as hc has been
sinca tie death Of Mr.. ilarpr-, and William
Enseburs. nf She Bank Of rittsburE, will be
cori!ri:o.i as Secretary md Treasurer. The
bridge, which will be finished about anuary
l. mex, viii; be one OF the finest of Its class
Ia the wor0. !th tower will he ~ feet nigh,
!CS WRlEe ami Urfvee wlUe ana 1ntOerH, anu
/: viii have special WAYS Tor street car
tracks. !or the Gse OF which the Ptttsburg,
Allegheny and Manchester Traction Com
pany will pay an annual rental of SIS 600.
Brokerage Fi,m's Views
Following is the regular weekly stock
market letter of A. J. Lawrence Co.:
"Our stock market has maintained its firm
front. but tie amount of business transacted
was hardly up to expectations. One reason
a. T. tl,of ln,.r I, t1nay Nf f,.or
haze not yet returned from their summer
vecations; another Is, that large buvers
cnrli not execute orders without running
prices upon themselves. and are evidently
waiting for a reaction. Considerable interest
has ccntered In the Etstern market, espec-
in,ly on account of the activity and advance
in General Electric. which has been
reflected. but in less degree, in
Westinghouse Electric TIE course OF the
former is so palpahly the result of nanipu-
lation by >ucn experts as Deacon" White
and Mr. keene as 10 provoke the inquiry,
Why is SUCH expensive talent employed in
this dirrctionf We are inclined to the orin-
i'm expressed in one OF the newsl q ers,
viz. that the boosting OF General Electric is
TOR the pu' pose of contrasting IL with Vest
inghouse Electric in any business negotia-
tions that may come up in the iuture. Thi
is game tina two can play al, however,
and as The Pitt>burg company's
capital is about one-fifth Il e size OF the COM
binauon's the task of booming 1t, were
the insiders so disposed, would be q COM
parh'ively easy ore. But while he trust
officials are apparently en- .a.ed in stock
iubhiug, the Westinghouse people are carry.
ing of contracts in every Corner of tue elec-
trical field. The In est # these-the order
from the Philadelphia Traction Company
is bell we'd 10y mrny to br evsn more i'm
portant than that for the Worlds Fair
Ii .htlng, as IL is well known that the street
railway syndicate has been inv stigating
tue merits of the varions svstems for about
year, and it is all. conceded rhat the big
money in electrical business in the tnture
will lie in street railway apparatus From
wnat one can see, the home company has o
lar very much The best or its Fl hit with the
trust. As TO the course of these stocks in
the market, General Electric will no doubt
advance So long as the man pulatton is Kept
up, aud Westing house Z ectric will continue
10 gain steadily with the increase In its
business but it j. not likely 10 make any
sudden Jumps or slumps.
"Pniiadelphia Gas closes with a gain OF
ahont 81 STARE ior the week. Its advance is
healthy, the marKrt Tor the stock is BROAD
9, ing, and we he ieve that 1t will easily
move u to 25 and should the present pros
pecJ for gas improve it will sell still higher.
A year AGO # had a gIo>s debt OF 81, 25o, 600;
to- ay 1t as gross debt, including bonus.
OF about s400 600. This sho" s what it can do
in he course of year with a marked short
a.e o gas. How much better it shou 20
with an increased supply anyone can figure
out for himself
"The report made at the annual meeting
of tile Uni ed S ates Glass Company iully
confirms the favorable view we have taken
re.a:d to the crmmon stock whicn Is
Quol ed at 69@70. For the last six months of
its f1-cal year it has earned at the rate al So
pei cent on its entire capital, and, knowing
the ability OF its management, we believe it
IL not an tXaggerati tion To predict that it will
earn 10 per cent for the current fiscal year.
There WAS but little trading in the street
ra lways. The onlv development relating
TO Ihem was the official call for q s ecial
Traction Company to vote upon a prop sed
increase in the capital s.ock tn enable it to
acquire additional frauchises and lines. This
is generally adm ittrd to be tue preliminary
sfen toward the absorption of tue Pleasant
Valley and the combination of all the North
side lines under one Arrangements.
"We ar very glad to mole q better tone in
the bust es- 81 uation as esuit of a settle
menL OF th. iron scale, and We expect it to
have good effect upon our stock market"
dvtces From AL Street.
Watson Gibson to Oakley & Co.:
"The Lopdo stock market appears to be
plucking up little courage and operators
there are beginning to show some sims,
though very feeble yet, of the return OF con.
tidence in our securities, which we have re-
rently predicted would come in to rein orce'
our market. We beiieve that those persons
who merely look at our home market and
VINO conseQuen ly argue that holders here, |
while possibly not anxious to sell, are still |
not willing to buy more securities, fail 10 |
reckon on the foreign factor. In our judg-
menL ihat will come in to give an i'm eLus to |
our market this TALL August is the che holi- |
day moJ Til in England. Stock broke. s there, |
even more than here, fly away to remote |
points ON long and Continuous vacations.
l. ''ndon has no such a variety OF places in |
close proximity to the city rs New YORK |
has in the Hudson river the Sound and Long |
I>land, ihe Jersey lakes and coast, the Cats |
kills and Be- kshires. Brokers there 20 to /
snore places in Holland and France, but
mostly to sc'tland, while Norway attracts |
q good many. they 20 Iartner and stay |
lon- er han American brokers. W en- they
return early IN sep ember this year We ex-
liect th IN 10 be little more hopeful and |
and mat hey Will set To work to
make some business and some money. They
must come our way Tor loug chances OF gam
with minimum risk. They certainly are not
: ding to put any money into India, and Aus
ira la is in alniost as bad way. Its debt Is
6 ls5, 100 on a population OF 4 200 000 which
Ii just about the same number Oh innabi. ants
as London.
"There is not much prospect of any in
hux of British capital into Australus iu or |
selves from their burdcnsome debts by s.ow
and pain. ul processes of retrenchmont and
financial reorganiZalion. We have the best
credit al any nation i'll the world and this
Can borrow money at lower
rates of Interest than any other political
power. We are ON gold basis, but tnnt
basfs Is widencd by the existence of mass |
OF Taper and silver money Tor domestic ex-
Change and intercourse, which lubricates
the vince OF rade and enables US co
move the crops. Political economists
have agreed tnaI France Is The most self
and independent Stste In Europs.
Deca use IL has a pr'iihc soil with small and
pro. .,rietoTsnips u sol that is
not owned by absontce landlords, and that
10 capable OF rusIaihirs the entire French
popuist,on In b pinch, and, Iurlher. because
France uwns France. She is net lnorCaaged
10 other countries: her people own her
rentes, the Government bonds and her rail.
ways aud her wol kshups as we'll rs her
fields. We this sammel, risht now, are m,.re
fhn Inn At