Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-27
LOCAL SECURITIES.

TraGi7- on Change During the Past Week
Reaches a Good Total Despite the Hoii-
da--Gaius and Losses Mostly Fractional,
With tie Former in a Majority.
The transactions on 'Cnsnge for the five
business days OF the week ending to-day ag-
r~ gated 5. l37 shares OF stock and 81, ,0OO
bonds, against /, SD shares OF stocks, Sl5, ,OOO
bonds aud SO worth OF scrip for the six
d.vs o! last week. Brokers have COM
planned bitterly OF dulIness but the figures
show thai a tair average volume of busi-
ness was completed at The regular daily
calls 7 ere WAS also considerable office
ira .5aE, notably III T. Il b. traction, Pmla-
acl1l..A, Air rake. Elsc ric and ~witcn and
81 As-l. So tBat there Dio!laniy was very little
.-n.t -lOuud for complaint. The market
7 fuvryer.apDetre to edul.er than it really
was The closing Quotations to-day, com
ra fad witt o~e o. u week ago. show the
5a.low NJ changes III the leading active
shares:
..argucc3- Citizens traction, q: La Noria
lI.u.a Company, ic; LU-ter Mining Com
many. =: Union Switch and Signal common,
=: u0 referred, =: z B. traction, "a
-fe-ltyes- Ph i!auelpnla Company ~ Wheel
fa- Ia. I: P.el-an. Valley Rail way, q; Du-
lUcsuG traction, Z; Airbrake, 20
Street Railways.
The annual meetings Of the Pittsburg and
4.
velop much of anything to stimulate inter-
es.lu tae streeJ railway group Very little of
what t.an-pired at tie meeting of the Pitts
burg Irac-IOB Company was permitted to
--.cu the public, bat it was stated that a
e.uopsIs was read which showed a
.aw snort ui 100000 passengers carried
sgI- about SlOJUOO gross earnings. The
r..e-Iug of the CitIZenS Traction company
--l.- no. quite such star chamber session as
r.s- IiIf-Dugg meeting was, Tor. besides per-
l.I-tlnE "a gOod many official figures to get
lHlo the newspapers, a resolution was passed
authorizing the reports read to be printed
and sent out to stockholders, which resolu-
Tiau originated with and as pressed to
passage by Mr. 5. S. PinkrYon.' Mr.. Pinker-
Cun i- Il pretty heavy stOckholder, ana is not
only in .-vor Of turning on the light as fully
ps possible, but is of tile impression that the
company should be little more libeTa, in
the matter OF tHe dividend rate. Tie re-
morris read at the meeting showed that
JGe total number of passengers carried
l$ sG2. g: that tho gross receipts from pas-
s-u-rr traffic were SB72 2U4; other sources
81 SOP, wnlCn, with the cash on hand 1885,
-sY, made grand total of S147sDS0 The
go al operating expenses were shown TO he
SzE5 cgg aHu the net earnings S227, ,J94. The
ur.cuu.a e o. operating cxuen -es to gross
l,-ce .ll.s was 5l59 for the entire system and
4a1l for the cable line. This latter was
O.! q. q revelation, as il tended. to disproye
me oit-rel .e1ICd assertion that electric lines
could be operated or less than cable lines.
IL o. last ann ual report OF nc GleaSant VAL
lev G.llway Company showed that the per-
ce.. are o. up"rdUlh" expenses to gross re-
CENTS WAS 81, while inquiries during the
tasI few days developed the TACT
-Nar uCEe of the electric lines
we're being operated or anything like what,
tile citizens ca ble line was operated for
during the past year 1t may be, as claimed,
mat the operating expenses Of electric lines
are steIdily being reduced owing to the i'm
uruveuIruts gradually being mace in equip
IncuJ: buj at present it appears 10 cost less
60 rum = c. ble line than il does an electric
TINE. The figures presented at the Citizens
aeetln- showed that the company earned
early per cent on its capital. but It must
.r IeHen bered that good deal OF money
as spent on improvements and extensions
-hicn was charged to expense account and
ali nut of the earnings
In the trading in this class of stocks p. q
traction, Duouesne and Citizens fractions
ere most prominent The former was