Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-03
And Switch and Signal and Airbrake
Show Returning Strength.
fractions ARE DULL AND WEAK.
The Market Quite Narrow and the Volume
Of Trading Light.
ALL THE LATE FINANCIAL NEWS

| mand, closing apparently quite strong at
205s@20%. While the stock appeared to
be quite firm the street sentiment was un-
questionabIy somewhat unsettled, and will
doubtless remain so until something official
regarding that already famous compromise
is known, together with something definite
regarding the company's financial and phys
ical condition and prospects This will prob
ably not be until the statement for the current
quarter is issued. Regarding its financial
condition, however a gentleman connected
with one of the Westinghouse companies
stated to-day that the Philadelphia Com
pary had not q dollars worth OF paper out
standing As illustrating just how much
the street understands about tho exact
terms of the compromise, one of the brokers,
at the last call, offered to bet that they were
better than indicated by anvv figures yet
printed, and another expressed desire to
Aside from Philadelphia Company the
market was again quiet and comparatively
featureless. There was a sale OF Enterprise
Savings Bank of Allegheny at 81, small
transaction in Standard Underground Cable
at 75 and little trading in Luster Mining
Company ut 9N@91<, which, with u little
firmncss in Union Switch Nand Signal and
Airhrake and continued Quietude and wcnk-
ness in the fractions was all that developed
worthy of special mention
Unlisted street railway securities were
qnoted as follows: P. B. traction; NssQ
?41aa: do 5s, 99A asked; Duquesne traction, u
@2f1I; p, A. { NJ. traction, a asked: Central
traction IS. lO415 bid.
Westinghouse Electric.
The Westinghouse Electric and Manufac-
turing Company has, pursuant to its former
announcement, fixed its prices for the new
two-part lamps, the manufacture, sale and
use of which does not infringe the Edison
patents. The list price will be IS cents for
Is and 20 candle power lamps, and 80 cents
tor 16. 10 and candle power lamps. The
discounts will be from 21l to 10 per cent, ac-
cording to the quantity ordered at one time,
and 10 per cent regularly to its central sta
tions. The allowance for the delivery at its
factories of the glass parts of such lamps
will be 10 cents each. so that the net price OF
the 16 10 and 8 candle power lamps. which
form nine-tenths of those used, will be II
cents each. about half of the Edison prices
and about so per cent of the net prices of
the Thomson Houston Company for lamps
of equal candle power lamps.
the net prices for the 90 and 26candle
power lamps will be 2l1S cents. 1t is esti-
mated that the saving TO O central station
by the return of the glass parts Of the lamps
and the low prices of the new lamps will
equal nearly per cent dividend on its capt.
tai stock.
Boston advices say the second preferred
was unusually active Thursday, and score d
a net advance OF three points. The princi-
pal buyers were Messrs Clark, Ward Co.
have unlimited buying orders. The talk in
we'll in formed circles is that the COM
pany is earning II per cent on the second
and first preferred stock. and predictions
are confidently made that per cent will be
paid on the former next year. The point
now is that the second preferred is going
to so.
The Garrison alley works are running day
and night and the Allegheny works are
busily engaged on the Worlds Fair con-
tract.
December Disbursements.
! The amounts to be disbursed this month
on account of interest and dividends seem
small. says the Stockholder, when compared
with those of the previous month. yet they
aggregate SIS, 1924 being but slightly
greater than the December disbursements
of last year. or the total, sls,2t7,l37 is pay
able on account of interest disbursements
and So s62, 3O4 on account of dividend pay
ments The December disbursements of the
character indicated and the amounts on
which payments are to be made compare as
follows:'
Bonds ......s5ss 4G5 455 se50 s52 2ss 1852 $40 12s
sseeEs ssEss. ST. 90 s 81 81 IS IS 3 g ~
Total peno' 2I2oI isa aiSs 81 2s ios II
This amount will be augmented by the
payments on account of State ana city dis
bursements and few trust and industrial
corporations which do not report their dis
bursements for either of these accounts.
The amount to be disbursed may be sa Iely
counted as reaching the total OF $50, 600 900.
Financial Notes.
Hill & Co., Lawrence Co. and McCutcheon
were the principal sellers of Philadelphia
Company. H. NJ. Long also sold early, but
his purchases later largely exceeded his
early sales. Hill & Co. also bought during
the closing moments of the last call and
were responsible for the strong close.
Kuhn Bros. sold Luster to Hill & Co. and
the latter bought Enterprise Savings Bank
from H. NJ. Long.
]. B. Barbour and R. ]. stoney, Jr, were
on the buying side of Phillie.
After the close Citizens traction was o.
fered at 623k and Luster at 81.
During the last call Rinehurt offered to
bet Luster would sell up s before down Q,
and H. NJ. Long offered to that Union
Switch and Signal would win its case against
the johnson Company.
The Central District Printing and Tele-
graph Company gives notice to holders of
dividend scrip issued by the company and
dated February l, 1882, and July 155 1881. that
the scrip will be redeemed on the 3lsL inst.
and that interest will cease on and after
that date.
The imports of drygoods at the port of
New York for the week were 81, ,66s, 197 and
the amount marketed 81. .673, O63
The Allegheny Foundry Company, OF Allie
gheny, capital 100000, was granted u charter
to-day. The incorporators are U. A An
drews, W. j. Hitchcock, j. r. McCrcery,
Frank Hitchcock and Elliott Rodgers.
An Associated Press dispatch from New |
York says: The Fidelity Insurance Trust |
and Safe Deposit Company will distribute |
through the Central Trust Company, of New |
York. on and after December q to the hold |
ersof certificates in the stocks of the Chi |
cago Gas Company of record December 10, |
lL per cent. The transfer books close De- |
ceinber 10 and reopen December %. |
Saturdays European steamers will take |
OUT 81, ,6O0, 600 gold as follows: Heideibach, |
& Co., $500. 900, and Lazard |
Freres and Ladenburg, Thalman & Co., |
$500, 900 each.
At auction in Philadelphia yesterday |
S, 900 p, c., c. & st. L. AS sold at l0lL.