Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-09
DULL BUT BU0YANT.
Light Trading in LEGAL Securities at
the Regular Calls.
THE LEADERS SHOW STRENGTH.
P. & B. Traction the Only One to Show
Signs of Weakness
LOCAL AND GENERAL FINANCIAL NEWS
THURSDAY, Sept. s.

IhOhoDfAft DSP" -
The market for local securities was dull
and lacking in features of prominence to-
day. The first call on Change was a water
haul with respect to sales and the total
days business on the open boards aggre-
gated but $50 shares, 200 of which were La
Noria Mining Company at 13e per share, or
S26 for the 200. The other transactions
were small and in the lew-priced shares,
the money involved in the total business
being only 1884 rs. The commissions on
this business, even figuring an eighth on
La Noria, would not much more than pay
the daily Office expenses of the broker en-
gagged in 1t, to say nothing Of
lunch, cigars, street car fare and other
little necessaries. From this view the
market was measly one, There was
plenty of business In the hands Of the
brokers' however, which could not be exc
cuted at the limits set. More or less busi-
ness was also completed off Change, which,
If reported, would doubtless have brought
the days record up to full average, ana aha
leading shares and special desire to sell
others, all of which made the market quite
as Interesting and important as usual
The Markets Course.
Philadelphia Company sold at 233s and
closed at z31s@23sS, with pretty good de-
mand at 231s after the close. Peoples Pipe
age sold at 1515 and. closed at 151l@16. P. &
B. Traction sold at &c and the close was
weak at 257s@26 under considerable pressure
to sell. La Noria Mining Company sold at
l3c and closed at 12@l4c.
Among the shares that did not figure in
the trading, Pleasant Valley Railway, Union
Traction were strong and higher, with the
demand most urgent for Duquesne Traction
ami Union Switch and Signal. p, A. & NJ.
Citizens was offered at g. Pittsbu-g at 60,
and so was bid for Second Avenue Electric.
Underground Cable was offered at 70 and U.
S. Glass;, common and preferred, at 81 and
Westinghouse Electric second preferred
was higher at 361S@37, the close here being
al 81 asked, and in Now York and Boston at
365 bid.
Gossip Of the Street.
A gentleman well-in formed on street rail
way matters talked as follows to-day about
the rumor concerning Pittsburg, Duquesne
and Citizens: 81 have talked with various
people who ought to know all about the re-
ported deal, or the probability of one, and
they all say they know nothing whatever
about it. For myself believe there is some
thing in the rumor. am a stockholder, but
1 think consolidation with the combine
would De advantageous If there is pur-
chase outright, am satisfied those who con-
troll Citizens will get price satisfactory to
all holders. The Central is held by tho
Holmes crowd, and whatever they do will
be for the best interests of all. There will
be nothing like ireeze-out; minority holders
win fare the same as the majority holders"
The weakness of p. & B. Traction was pro-
nounced at the close and lower prices
seemed probable. The floor representative
of Whitney & Stephenson offered round
lot persistently and volunteered the in
formation that the stock was going lower.
After the close a broker intimated that the
market was being manipulated in the in
terest of a clique who desire to get hold of
some cheap stock.
Fresh tips to buy oil were circulated to-
day.
A broker who generally hits the market
about right stated that Philadelphia Com
pany. Union Switch and Signal, Airbrake,
DuQuesne Traction and Pleasant Valley
Railway would close the week at She
highest.
1t was limited after Change that there
were fresh favorable developments in
Union Switch and Signals affairs.
Fire Loss of August
The fire loss of the United States and Can
ada shows a total OF s1o JAS. 800. This is an in
crease of more than a million dollars over
the aggregates for the same months in the
years 1890 and 1891. The following statistics
exhibit the losses during the first eight
months of 1885,, las compared with those of the
same period in 1890 and 1891: