Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-27

lnQlfectly, ana the TACT tHat IL was urlVou TO
secure q postponement of its case for in
| fringement until December may be accepted
| as point in favor of the position taken by
the Westinghouse Company. The rumors
| for thUse who were working to get the stock
down, and while it may go little lower be-
fore the influence of the story has spent Its
force, it looked at the close to-day as IL the
rallying point was close at hand.
The pressure to sell Philadelphia Com
Dany was even less to-day than yesterday,
and In consequence the stock was hrmer,
with rising tendency.
Electric was stronger. with sale OF the
first preferred fraction above par. 1t is
current talk in excellent quarters that the
meeting OF the directors Il week ago last
Wednesday, mention of which was made in
these columns, was mainly for the purpose
OF considering new proposition from the
General Electric Company for consolida-
tion, and that itssacceptance hinges on
questions SO slight as to make it almost a
certainty that the Westinghouse Company
will soon be a member of the combine To
these facts, it is said, is due the quietude of
the stock that has been 80 noticeable during
the past week or ten days.
Trading In the street railways was CON-
narattvely brisk, but there was no particu-
lar change in any of them.
In the remainder of the usually active
lfsf SteadIness was the feature, with United
States Glass and Union Switch and Signal
In the bank list Liberty National Bank
gained half point at 10 bid. and q small
lOt OF mon National SOlQ at 5o0.
The Movements on Change.
Electric second preferred sold at S71k at
the first call, and at the closing board 8715
was bid for more. Philadelphia Company
sold at 2lss at the first call. at the same price
at the third. closed at 2lA@sI% and was
wanted at 2lx after the close. Manu-
facturers Gas sold at 2SL, which was its
only quotation. Union Switch and Sigral
sold at lsA and closed at lsA@l9. Westing-
n
Duquesne traction was weaker ut 28% sales
and a close at 2sl4 bid. P. A & NJ. traction
sold at ~, Citizens traction at 621a and
sold at Is. closing at i4s4ai5%. Union
National Bank sold at 500 and Luster at Q.
Pleasant Valley railway was quiet but
stronger at 2s7l@2sA After the close the
latter was quoted at 29@29Ls.
United States Glass common was bid up
to g. and the preferred also gained a frac-
off and others were unchanged.
Mining Shares.
In an article on the situation at the Enter
prise Mining Company's mines, a journal
devoted to mines and mining says: "Just
now, if ruinor tells the truth-and rumor III
this case is armed with all the credentials of
truth-Mr. Crawford. OF the Enterprise at
Rico. is a man who has dug outside his side
lines into the ground of claims belonging to
the Rico Aspen Company, and robbed them
of q great many thousand dollars worth of
ore. Underground surveys made by Mr..
Max Boehmer, of Leadville. whose work no
one will question, shows this to be the case.
Not content with robbery he gave orders, it
is claimed, to his foreman to shoot ground
in contest between the companies at a time
and in way which endangered life, and did
seriously injure the foreman on the Rico
Aspen"
Friends of the Enterprise here declare
that Messrs. Craw ford and Posey will soon
give their version OF the affair to the public.
A sale OF LOCO shares Red Cloud was re-
ported to-day, but the price was not given.
Change of late at II. it is surmised that the
sale was in the neighDorhood of ]. Under
the rose it is said that the weakness OF the
stock Is due to talk to the effect that the
due next month will be passed.
Railroad News.
The following is the monthly statement of
the business of the Pennsylvania Railroad
Company. All lines East of Pittsburg and
Erie for September. 1892. as compared with
the same month in 1891 SHOW:
Decrease in gross earnings. 81, 533
Increase in expenses. 13l, siS
Decrease in net earnings sof............S 1893, 3I
The nine months of 1892 as compared with
the same period of 1891 show:
Increase in gross earnings gs...........SlO71 OIL $50
Increase in expenses . 024, c92
Decrease in net earnings Of ...........s s52 4e2
All lines west of Pittsburg and Erie for
September. 1892, as compared with the same |
month in 1891, show:
Increase in gross earnings..... ........ sI0s 5s2
increase In expenses l63, 657
Decrease i'm net earnings s...............$ S. COS |
The nine months of 1892. as compared with |
The same period OF 1891, show:
Increase in gross earnings. g, sc. .6rs |
Increase In expenses 2.T72 s69
Doc-o,,o in NOT o,rsnos 900 orc
Officials OF the Atchison, Topeka and |
santa Fe are particularly pleased with the
epOrt to be laid before the annual meetin
II stockholders at Topeka tomorrow. 1t is
me of the most favorable reports ever ma de
~ thu company, presentinSa marked con-
rast to the rather discouraGing financial
tatements of recent years. During the first
line months of this year the gain in gross
arnings has amounted to s., 24305L. This
Increase, it is claimed is largely due to the
natural development of the territory
II exceptionally favorable circumstances.
there is every reason to be-
ieve-that the present prosperity of the COM
)any will continue 1t isnOt expected how
ver, that even under such circumstances
he Atchison will return to a payment OF
dividends within the next year or two.
levote a large portion of its earnings to i'm
,rovements before beginning to distribute
he profits to stockholders.
Bondholders of the Georgia Southern and
L |
he trustees of the mortgage, the Mercantile
trust and Deposit Company, Of Baltimore.
)f the $3.420, 000 bonds there were repre-
ented S., o.. 600 by holders in Baltimore, New
fork. Richmond and savannah. 1t was de-
ided by resolution to indorse the foreclosure
ction of the trustees. committee was ap-
,ointed to represent the bondholders in the |
oreclosure proceedings and to transact
BUSINESS looking toward placing the COM
nittee in active control OF the bonds pend
ng these proceedings.
1t is officially stated that the November
oupon on the second mortgage bonds of
he Peoria. Decatur and Evansville road
President A. N. Mcleod, of the Reading.
as been elected President OF the Boston
nd Maine.
An officer of the Reading Company, in re.
erring to the proposed adoption OF the
arts OF the system, said that the matter had |
cen practically decided upon, but that no |
ontracts had been made, as the system to
% introduced had not been fully DETER
ained upon. He had no doubt, However,
ut the best that money could purchase
Yould be adopted.
Financial Notes.
or Change Andrew Caster sold 10 shares
Westinghouse Airbrake ut l3lL and a small
ot of Peoples Pipeage at l5
H. M. Long sold Electric second pre-
erred and Morris Brown and j. q. Bar.
our bought.
The sellers of Phillie to-day were
I'LL & Co, Lawrence.& Co. and the buyers
ere Messrs Long, Barbour and Carothers.
W. j. Robinson sold Luster to Fred Riue-
art.
Morris 4 Brown sold Duquesne to Hill
o.'J. D. Bailey and Hill & Co sold r. A (