Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-11

tion, closing to-day fairly steady at sO1z6
| 20% The general feeling with regard to the
stock is somewhat unsettled, and 1t viii
| probably remain SO until something official
is made known with respect to the compro-
| mise and the company's physical ano
| financial condition. The Board OF Dt
| rectors will meet next Wednesday, and they
may decide to give the stockholders of the
| company the exact te rms OF the compro
mise, together with an opinion as to its
probable and possible effects; but nothing
| new anent the company's condition hnan.
| cially will probably be made public until
| the statement OF the operations of the cur
| rent quarter is sent out.
| Wheeling Gas was weak and lower, despite
| favorable DEVELOPMENTS in field and higher
| prices for oil; CHARTERS Valley Gas.was also
| droopyI but the Others about held their own
Industrials.
Weakness was the feature OF this depart
ment of the list, all of the usually active
members showing a tendency 20 lower
range. No particular influence was brought
to bear against them, or some of them
might have touched pretty low point Air
| brake sold ut l30 IN q small way and closed
at l27 bid, but the net decline from the clos
| ing of last week was considerably less than
| S. per share.
The steadiest member of the group, prob
ably, was Union Switch and Signal, regard
| ing which nothing but good report
| was heard. An official of the company
talked 10 THE DISPATCH to-day as follows:
| "The company was never In such e1cellent
| shape as it is to-day. We have moro work
| than we can do this year, and will carry fully
/ O half million dollars worth of work over
into 1898, which is more business than We
did during the entire year of 1891 The
weather last month favored us, and so far
this month we have been enabled to pursue
outdoor operations to the limit OF
our capacity. Our net earnings this
early expectations, and the pre-
ferred stockholders will receive a quar-
terly dividend of II per cent in January
next" The officials of the company are ex-
tion with the johnson Company, and are
very s2nguine and cheerful when talking of
the company's future, as the nature of the
inquiries regarding their system of switch
ing and signalling received of late have
been of such a character as TO indicate that
some new and very important contracts will
be made before long.
The usual inquiry for Standard Under
ground Cable prevailed, and quiet looking
around for United States Glass was re-
ported, but no transactions came to the sur
lace.
Electric was more or less neglected and
weak. There was little or no market for
the stock in Boston, and consequently there
was no movement in it here worth mention
ing. BuIlish talk on its earnings were cur
rent here and in Boston, as well as addition
al rumors OF a probable consolidation with
the General Electric Company, but very lit
tie interest was manifested in either the
The fractions.
Weakness was no stranger to this group
either. The same conditions which caused
quietude and weakness in other classes OF
stocks were influential here, though in all
proba bility the uneasiness over the delay in
finally concentrating the Northside deal
was leading factor. Regarding this deal,
1t was stated this morning by a Pleasant
Valley man that committee was at work
al1 Goo a al, IL,
their labors to-day; but this was denied this
afternoon by one of the P, A. & NJ. people,
who said it would take several days yet
to put on the finishing touches ave
are just as anxious to close up the deal as
the Pleasant Valley people are, " said he,
"buI there are so many little legal and other
points to be settled, so many pledges to be
made good by both sides before We can close
up matters that it is very slow work.
Everything is moving along nicely, how
ever, and next week will probably see the
two roads finally and formally merged into
one."
Duquesne traction was very weak early,
but later 1t recovered somewhat under a
good demand and closed comparatively
strong. There was some talk about divi-
dend on the stock in January, but the out
look does not appear to be very prom
Using, particularly since the company
has found it necessary to reduce the num-
Der of cars in active service. Conceding the
combines receipts to be s., 500 per day, which
is sum really in excess OF what it is taking
computing operating expenses at so per
cent, is that the Pittsburg is earning per
cent and the Duquesne 2H per cent The
latter is credited with something of q float
ing debt also, SO that the prospects of an
early DIVIDEND are not very fiattering, to say
the least The opinion OF the street is that
Pittsburg will pay dividend of 80 per cent
in cash and that something will be credited
Oh the stock
Pittsburg and Birmingham continued
weak, but at the decline fair inquiry for 1t
developed. The road was inspected during
the week by party of Eastern people in
terested in street railways, but for what
purpose remains to he discovered. People
whose opinions are entitled to consideration
believe the stock to be good purchase at
current prices
Inquiries as to when the printed annual
report of the Citizens traction company
would be ready for distribution were
answered by Secretary Gormly to-day, who
said they would be received from the
printer early next week.
Miscellaneous.
There was a little movement in mining
shares, and some of the inactive items of the
list-such as Pittsburg. Youngstown and
AshtaDula Railroad, New York and Cleve-
Gas Coal, Monongahela Water and Hand
street bridge-ehsnged hands at private
terms, but the movement as q whole was
undoubtedly below the average. Money is
none too easy, the holidays are close upon
us, and market operations will doubtless be
limited until alter the January disburse-
ments. Most prices, however, are tempt
ingly low.
Close of the Market.
Following were the transactions at to-
days call of the list:
lOO shares Duquesne traction n... o6z
lOo shares Dnquesne traction. 26k