Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-04

block of ourzstock at par. Why, it was
grabbed at as a drowning man grabs
at straw, and we all tnought
steoo ws had s6,..o executed ox,v.1 ra,ssry Snsg
the MurraysvilIe field was on the wane, We
began to think we had not been SO wise after
all. We received reports nndcomplatnts OF
shortage here and there with unfelgneo
anxiety, particularly since gas enough was
rushing from our mains into the Carnegie
mills at ruinously low prices TO have alene
Then the agitation for better, prices began,
and it has ended with the abrogation OF
losing contract. We VIII also have more gas
and will get the market price for good per-
centage Of it that we were only getting
three-Q uarters OF the price of coal 1or.
and very poor coal at that. So far as
am concerned, am very we'll pleased with
the compromise, for1 believe It VIII oenent
the company more than the purchase OF two
or three OF the best wells in the best nelos
would"
"Are the Carnegie concerns using the
Philadelphia Company's gas now?"
/ "Yes, but not nearly so much OF ~ as
formerly. The gas was shut of from them
November so. The next day new contract
was made"
Under this new contract, do they pay the
market price for gas?"
'They do; they pay just what other manu-
facturers pay, and the best OF 1t Is tnat unoer
the terms OF the compromise they pay the
market price for all the gas they have used
since the first of January, 1892"
used an enormous quantity of gas this year
to date, and their payment of the market
price Tor it means, in conjunction with
other things, that the Philadelphia COM
pany really came out of the litigation with
flying colors.
CHARTERS Valley Gas and Wheeling Gas
were weak and lower, PipeAge was steady
ano others OF the group were more or less
neglected.
The fractions.
N4 -
Quence occurred in the street railway shares
during the week. Nearly all of them ruled
weak and somewhat lower, the only excep-
tions being Citizens and Pittsburg trnction,
which were steady to firm throughout under
good demand. Citizens dropped an eighth
to-day, however, but a round block OF Pitts
burg cha nged hands at SO. DuQuesne, Pltts-
burg and Birmingham and PittsourR, Allie
gheny and Manchester are all consideredt TOO
low, but an improvement is not considered
probable un til after the winter holidays. The
Moving spirits in the street railway deal
on the Northside are again meeting and
considering, which indicates tho beginning
OF the end, and the course of Pleasant Val.
ley stock on the Exchange indicates that
there will soon be no such security.
Industrials.
without special reason the leaders OF this
group were weak, especially Union Switch
and Signal and Electric. The latter recov-
ereo Sharply from tne low polhtI no"otoE'
with the eastern signs indicating another
upward movement. The weakness Of Switch
and Signal was probably superinduced by
tho progress of the company's litigation
with the johnson Company, notwithstand-
ing the general belief in the home COM
pany's success. The weakness Of the others
was slight and without significance.
Miscellaneous.
Luster Mining Company was compare
lively active and firm con the prospects" }" as
one OF its friends remarked to-day. and there
was considerable inquiry for Monongahela
Navigation, Monongahela Water, New York
and Cleveland Gas Coal, and q number of
other inactive shares, but no trading in them
came to the surface.
Close of the Market
Transactions at the last call Of the week
to-daywere as follows: