Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-24
Pc B. CONTINUES FIRM
And Citizens Traction Picks Up a
Little More of Its Late Loss.
PHILADELPHIA co. RULES WEAK.
puquesne Traction Rather Heavy and q
Fraction Lower.
LOCAL AND GENERAL FINANCIAL NEWS
WEDNESDAY,, Nov. %.


Pittsburg and Birmingham traction con-
tinued to lead the list in strength to-day,
followed by Citizens traction, and Phila-
delphia Company was most prominent for
weakness, but aside from the course Of
these shares and fractional losses in
Duquesne traction and Westinghouse Elec-
trio the market closed at about Tuesdays
final prices. The demand for P. & b and
Citizens fractions was quite sharp and from
the best sources, but apparently there was
considerable stock for sale at the advance
and those under the market for these
shares held of somewhat, evidently
with the intention of keeping prices down
until their orders were filled. At the
close, however, a farther advance seemed
to be a certainty after the holiday Phila-
deiphia Company was affected by continued
reports of q shortage of gas in some sections
OF the city, and while there was no special
pressure to sell a continuance OF the decline
a half point or so would not surprise very
many people. At the last call one of the
brokers who would probably be surprised
at such decline showed his faith in the
stock BY Offering to bet that 1t had seen
lower before it will be Supported by
those who have used it as collateral. There
was continued strength in Luster, steadl-
ness in Union Switch and Signal and Air.
brake, but everything else was without
change worthy OF notice. The character OF
the general inquiry was accepted as indicat-
ing greater degree of activity little later
on.
Movements on 'Change.
Duquesne traction sold at 2711z. closing at
27L@271z; Luster sold at 91a closing at $50
sss; p & B. traction sold at 24sl@24ssG24A,
closing at 2isl@s47s with s47s bid after the
close; Philadelphia Company sold at 2l15@
2l1<, closing at 2IA@2lss, with sale at 2lss
after the close: Allegheny Valley Railway
preferred sold at le, n half point below the
last previous sale, and P. & B. traction 5s
sold ut par. p, A. & NJ. traction closed at
43@A and WESTINGHOUSE Electric second
preferred at 37G37I Citizens traction
closed at 62@63, but after the official close 100
shares were offered at 6215, with 62A bid
Airbrake closed at 1929 bid, but after
sold at better than 133.
PR. RS October Business.
The following is statement of the busi-
ness Of the Pennsylvania ia Railroad Company
for October. All lines east of Pittsburg and
Erie as compared with the same month in
1891 show:
Decrease in gross earnings. IL ~
Decrease In net earnings. 4oo,oH
The ten months of 1892. as compared with
the same period of 1891, show:
Increase in gross earnings. a54. 353
Increase In expenses. L,5 80
Decrease in net earnings. LS5s, lus
All lines west of Pittsburg and Erie for Oc-
tober, as compared with the same month in
1891, show:
Increase in gross earnings. 3o3. 8Sl
increase IN expenses 900 90 99s 99s
The ten months of 1892, as compared with
the same period of 1891, show:
Increase in gross earnings. s7A le4
Increase in expenses. S55, $50
Increase In net earnings. 40 ooo od6 Is SS4
the addition OF q third and fourth track and
enlargement Of bridges on the Philadelphia
and Middle divisions It is understood that
the Pittsburg division will be improved In
similar manner later on.
Sales and Final Quotations.
The transactions recorded on the exchange
sales board to-day were as follows:
FIRST CALL.
25 shares Duquesne traction. on................. 27k
10 shares Duquesne traction. IA
so shares +. 4 Il. traction 24A
5shares P. 3 B. traction. 24S
AFTER CALL.
80 shares Philadelphia Company................ 2k
10 shares Philadelphia Company ........ 2ix
10 shares Philadelphia Company ............... 2H
SECOND CALL.
100 shares Allegheny Valley Railroad. pfd...... II
10 shares Philadelphia Company .............. 2lS
20 shares Philadelphia Company ............... 21n
100 shares Philadelphla Company ............. 2IM
10 shares P & B, traction. Observation-Disclosures. 24H
BETWEEN CALLS.
so shares Philadelphia Company .......-...... 2lA
THIRD CALL.
Is shares Philadelphia Company. ...-.......... ia
q. 600 L. B. traction S. s...................Eo,
Is shares T. & L. traction. on.........-........ 244
50shares Luster Mining Company. 81
AFTER CALL
Is shares Philadelphia Company...............21 21%
Total sales, 565 shares stock and 81 900
bonds. Closing bids and offers: