Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-21
THE RUT OF DULLNESS
No Public Trading of Consequence
in Local Securities.
PRICE CHANGES INSIGNIFICANT.
Philadelphia Company a Shade Weaker,
and P. & B. Somewhat Firm.
ALL OTHERS ABOUT STEADY TO FIRM

TUESDAY, Dec. 20.
The local stock market appears to have
settled down into the rut Of dullness, and
barring the development of something very
favorable or unexpected it is likely to re-
main there until after the holiday season at
least. Conditions are not favorable for ac-
tive trading at present, anyway. Money is
not easy, by anv means, and the feverish
and unsettled state Of affairs in the East is
having q restricting effect at all
points Then, too, merchants and
manufacturers are commencing to look
over their books and stocks in
order to ascertain the results of the years
operations, which distracts their attention
from securities, and this fact, together with
the one that the holiday season is close
upon US, is sufficient to account for the pre-
vailing dulIness and is good basis upon
which to make predictions of quietude for
some wesSs to come. 1t is noticeable, how
ever, that some of the local banks are cas-
ing up somewhat, and it is quite certain
that shortly after New Years funds for in-
vestment and speculation will be apundant
and comparatively cheap, and that all
stocks of any intrinsic value whatever, par
ticularly those that are now considered too
low, will rule active on an ascending scale
of prices
The business on Change to-day covered only
Allemannia Insurance, T. & b. traction ana
Westinghouse Airbrake, and amounted to
only l26 shares. There was little business
OF Change. however, in Pleasant valley
railway, DuQuesne traction, Westinghouse
Airbrake and Philadelphia Company; but
on the whole the day was very unproflt-
able one. Allemannia Insurance sold at 90;
P. & B. traction was trifle frmer at 2454@
Is sales, and an odd lot of AirDrake SOLD at
l29sz, the stock closing at l3O bid. Phlladel-
phia Company was a shade weaker, but
everything else was about unchanged from
the previous close.
Board quotations established were as fol-
lows: Citizens traction D., l07 bid; Pitts
burg traction 5s, 1O4 bid, Citizens traction IS,
104M bid.
r & B. traction closed at 241S@25 Du.
quesne traction at 27T@2sH and /. A & NJ.
traction at 4SL bid.
Exchange Nominations.
After the last call this afternoon the mem
bers of the Exchange made the following
nominations for officers and directors, to be
balloted for at the annual meeting, Janu-
ary 8:
President A. j. Lawrence.
First Vice President. a. A. Adams.
Second Vice President, r. j. Stoney.
Treasurer, +. L. Stephenson.
Secretary, W. W. Chaplin.
Directors, (nine to elect): A. W. Mellon,
G. !. Whitney, John Mcbride. II; Sproul, a.
C. Robinson, S. S. Pinkerton, C. g. Kuhn, E.
NJ. Ferguson W. j. Robinson, E. Fink W. l.
Muslin, S. Fritz, William Montgomery, ]. B.
Barbour, Frank Eaton.
Board of Arbitration, five to elect): II.
NJ. Long W. j. Robinson, S. Fritz Julius
Stark, E. Fink.
Sales and Closing Quotations.
The transactions recorded on the Ex-
change GALES board to-day were as follows:
FIRST CALL.
10 shares ATemannia surance................ so
100 shares p. l. B. traction. Observation-Disclosures. 24A
SECOND CALL.
10 shares P. & B. traction. n................... 25
THIRD CALL.
6shares Westinghouse Afrbrake. ..l29A
Total sales, 126 shares. Closing bids and
offers: