Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-17

not lose that right merely because they may
have Joined in a combination with others,
holding other patents securing similar
judicially examined in u proper forum, be
he held to be unlawful. We do not feel
justified in assuming upon the facts before
us in the present suit that the use which the
complainants propose to make of the in
junction, an injunction which seems neces-
sary to secure their monopoly and make
their patent fruitful, will be such as to pro-
mote any other monopoly. When it shall be
made to appear that someone, to- whom in
fairness and good conscience these COM
plainants should sell their lamps, has been
arbitrarily refused them, save upon op-
pressive and unreasonable terms, It will be
time to CONSIDER whether the complainants
should be allowed to continue in possession
of the Injunction"
A case directly involving these points is
before the United States Court in Boston,
having been brought by the United States
District Attorney in consequence of the
Efforts of the trust to restrain trade in Bos-
ton.
Mann case is as follows: "The injunction
order appealed from should be modified so
as to cover only lamps made in infringe
ment OF the second claim OF the patent, the
other claims not having been in fringed ac-
c0rding to the adjudication of the Circuit
Court or OF this Court. 1t should also con-
tain provision reservtng the right to the
defendant to move hereafter for the vaca-
U
junction upon proof of specific instances of
refusal on the part of the complainants, or
either of them, to supply the lamps OF the
patent upon terms reasonable under the
circumstances of the particular case. to the
owners of electric lighting plants which
were installed before the rendition of the
lnterlocutory decree OF the Circuit Court
sustaining the validity of the patent"
The first claim OF the patent, which was
for the high resistance carbon burner or fila
ment, was not sustained. The second claim
OF the patent is ioF combination OF ee-
ments on which the new Westinghouse lamp
1t is understood that the Westinghouse
Company will have sufficient capacity to
manufacture and supply all the new lamps
that will be needed in its business, and that
there will be scarcely an interruption of any
kind i'll its business.
Financial Notes.
There was good trading in the fractions
and gassers to-day, both on and off 'Change,
that was not reported.
j. B. Barbour was the seller of Duquesne
after the last call and Hill s. Co. and Car
others were the buyers
At the first call j. ]. Campbell sold Citi-
zens traction to S. S. Pinkerton, Lawrence &
Co. sold Central traction to A. A. Adams,
Sproul & Co. sold Duquesne to Hill & Co..
and the latter bought Philadelphia Com
pany from Lawrence Co.
at the second call Hill Co. bought Phila.
delphia Company, and Lawrence & Co.,
SprOul & Co., Campbell, Watt and Stoney
sold. Morris 4 Brown sold ?. & B. to Kuhn
Bros. and Hill & Co. bought 200 shares Du-
quesne from Sproul & Co. and j. B. Barbour
az 2S34 and sold Morris Brown 800 shares at
the same price.
at the third call, and Rinehart, Carothers
and Lawrence & Co. were the buyers: j. B.
Harbour sold y. & B. to McCutcheon and
Kuhn: Long sold Pleasant Valley to Whit
M % nd Eof ofNrnS sold in fn
Barbour.
Mr. VIM. A. Dunlap has been elected to
fill the vacancy on the Board of Directors
of the Tradesmen's National Bank, caused by
the death OF his father, the late Mr.. John
Dunlap.
The usual quarterly dividend of per cent
has been declared by the Board of Directors
OF the Monongahela Water Company, pay
able January 10.
The Sheraden Land and Improvement
Company has just sent out checks for divi-
dend No. s.
On the New York Consolidated exchange
to-day the failure of j. C. Morris was an
nounced. He was long of industrials. which
have been dropping rapidly all this week:
1t transpires that one of the causes for the
stringency in money to-day was the pay
ment of about s., ,0C0, 600 into the treasury Oh
the General Electric Company, the first pay
ment on account of the subscriptions to the
$4,000, 600 bonds recently authorized by the
company having iallen due.
The Treasury department to-day FUR
chased 277,OOO ounces or silver at $O.s35O@
1874.
Railway Company, to run from Altoona to
Bellwood and Tyrone AMI return; capital,
100000. Ellwood Electric Light Company,
Oh EllWood City, Lawrence county; capital,
$1,000.
A syndicate composed chiefly of Standard
oil men in New York have been at work for
month past buying up all the whisky that
the Kentucky uiStillerS would sell, and have
hRTTnla Thew
lating on the belief that the tax will be in
creased.
1t is stated that Lead Trust will exchange
with Linseed Oil ct the rate OF two shares
of National Lead pre- erred and two of CON-
mon Tor five shares Linseed.
From Sproul & Co.'s market letter: 1t was
announced among the last things of the day
that s., SOC, 900 gold had been engaged Ht Dos-
ton Tor shipment tomorrow. Indications
OF this character are significant ana the
market acts in accordance with them. the
rallies being slow and devoid of any real
force, while conditions are not calculated to
encourage belief in an Improvement.
j. S. Bache & Co. to Oakley & Co.: Money
was strong all day and loaned as high as %
per cent, but a majority of the brokers
filled their requirements at about 10 per
cent. There is no doubt that the money
market is being manipulated, but still there
is a feeling of distrust which makes lenders
scary about lending out their funds. In our
mind there is only one way in which we can
get relief, and that is for the people at
w washington TO come TO our rescue e1ther by
an issue of So, 900, 600 or $l00000,O00 bonds
which must be sold in Europe, or by show
ing the country by the tightness of money
in Wall street, which must make all country
banks very careful about loaning to country
merchants, that the silver bill must be re-
pealed at all hazards.
Sales and Closing Quotations.
Tho transactions recorded on the Ex-
change Gales board to-day were as follows:
FIRST CALL.
200 shares Citizens traction. 62x