Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-30
A GAIN In AIRBRAKE.
Duquesne and P. & B. fractions Also
Show Strength.
PHILLIE LOSES A FRACTION
And United States Glass Common Exhibits
q Little Weakness.
OTHER SHARES STEADY To STRONG
OTHER SHARES STEADY To STRONG

THURSDAY, Dec. 29.
The local stock market to-day was neither
very active nor very broad, but it was not
without some interesting features. The
trading on change covered Duquesne trac-
tion, P. & B. traction, Philadelphia Com
pany and Westinghouse Airbrake, all of
which, save Philadelphia Company, ruled
firm, with Duquesne and Airbrake higher.
Duquesne sold at 2714@279S, closing at
27H; p & B. traction sold at 24H@245Ss,
closing at "a bid; Philadelphia Company
sold at 19A regular and seller; January,
closing at 195s@19sI, and Airbrake sold at
125, closing at 133 bid. News or gossip
bearing on anything on the list was at q
premium. There was little talk
to the effect that the directors of
the P. & B. would meet during the after
noon and declare dividend; that the buy
ing of Duquesne indicated that "the pool"
was doing business again and that the forth
coming statement of the Philadelphia Com
pany would be very bullish document: but
none of it stimulated very much enthusiasm.
With respect to Phillie's statement, to be
sent out with the quarters dividend checks.
however, the writer was officially assured
to-day that it was the best one yet made. 1t
was current on the street that it would show
$500 600 cash on hand, but this, the officials
declare, is misleading and that all who are
looking for such showing will be greatly
disappointed. Notwithstanding this, the
readers of THE DISPATCH interested in the
matter may rest assured the statement will
present some very interesting figures.
Regarding the supply OF gas Manager
Brown stated this afternoon that only about
q OF per cent of their 10000 household con-
sumeIS had comp planned of a shortage, and
that only about 10 per cent of the complaints
were justified. The other 80 per cent we're
entered because OF frost in the pipes and
regulators and other causes not due TO an
insufficient supply OF gas. He briefly
reviewed the situation and then
dropped into an argument, Teplete
with mathematical demonstrations, show
ing that there would be no complaints OF
shortage whatever If street and Service
pipes were large enough and there was no
such thing as frost to interfere with the
proper working of regulators and meters.
1t was a mastery presentation of the COM
pany's side of the case, and at its conclu-
sion his hearers were at loss which to ad-
mire most about Tits convincing points,
the ease and f1uency with which it was pre-
sented or the elegant English in which it
was couched. If all the compla1nants could
have heard it, they would doubtless have
felt like offering an apology for hav-
ing had the hardfhood to complain at all.
Meantime, those who are not fortunate
enough to have large street and service
pipes, and who cannot afford to keep fur.
cold weather, will doubtless continue to
suffer from lack of gas.
A gentleman who has been doing q little
investigating and experimenting says that
II those who have unusually cold cellars
will once in q while pour boiling water on
the pipe connecting the regulator with the
service pipe and the pipe connecting the
regulator and meter, they will have a good
supply of gas. 1t is cheap. Try iG.
Outside of the shares mentioned as figur-
ing in the trading ew features developed.
United States Glass common was offered
down to 65, however, and Pleasant Valley
railway was a little easier. Others were
steady to firm at previous quotations.
Citizen traction 5s were quoted at 1060l0S
PittsDurg traction 81 at 1G41a bid, and Gen.
tral traction 5s at 1881 bid, offered at 1851
and interest.
Unlisted street railway securities closed
as follows: p. & B. traction, 241S025; do 5S,
99A bid; Duquesne traction, 271zQ9-715; do 5s,
1921 asked; r, A. s. NJ. 5s, lu4I asked
Central Traction.
The report of the Central Traction Com
pany, of Fittsburg, filed in the Department
of Internal Affairs, shows that 8, ,444, ,5l2 pas
sengers we're carried over its lines last year,
making the receipts from this source Sl72,-
22j GO. The payments were: Equipment
$6O, ,047 80; maintaining and operating the
road. STA, 760 80; reduction of floating debt
$23 655 70; miscellaneous, $9S 943 IS amount
ing in the aggregate to $2Z7, 406 rs. A stock |
dividend of $4,000 was declared. The bal |
ance sheet was presented as follows: