Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-28
NO SNAP In LOCALS,
But Trading Is Fair and the List
Generally Firmly Held.
NO IMPORTANT PRICE CHANGES.
Fractional Advances in Underground Cable
and Electric Stocks.
LOCAL AND GENERAL FINANCIAL NEWS

TUESDAY, Sept q.
There was fair trading in local securities
on Change and on the street to-day, but
the market, while strong, lacked snap and
was barren Of specially notew orthy features.
| None of the brokers or traders, however,
complained of dullness On the contrary,
all of them spoken to on the subject noted
an increasing inquiry and fair amount Of
business in hand. They admitted lack of
urgency in most directions and DISPOSE
tion to hold off awhile in others, which
gave the market dull and lethargic
look, but they offered no satisfac-
tory explanation of the why and where
fore. The reason probably is that the
market is in the shadow of the approaching
quartz rly settlement period, preparations
for which have been in progress for week
past. After the turn OF the month, when
accounts have been evened up and divl-
dends and interest paid, the market Tor
stocks and bonds will undoubtedly take on
new life and show more or less activity and
strength throughout the remainder OF the
year.
The Days Movements on Change.
The items traded in were P. 6 B. traction,
Luster Mining Company, Philadelphia Com
pany, Union Switch and Signal, Westing-
Pipeage, Pleasant Valley railway, Westtng-
house Electric scrip and Citizens Insur-
ance. T. 6 B. traction sold at 26 at the OPEN
ing and closed ut 257s@26. Luster sold early
at SO esulnr, at sss, seller-lo. After the
last call, with 100 shares offered at 81 seller
go. The broker offering the stock also
offered to wager good round sum
that the price. would drop to $5
o The FIRST transaetion IN phadeiphia
Company was at 223s the last at 22L and the
close was steady to Il m at 22N922ss. Switch
and Signal was weaker at 1s1a sales and a
second preferred was stronger. 1t sold
readily at SSL, with sale of a small lot ut 8s1a,
and closed aI 3s1s@3s15. For the first pre-
ported at 5O1S. Peoples Pipeage sold at 1875
closing at l5A@l6, and after the close 100
shares were offered at i514, seller-l0. Sales
was at 25s99@251a, with more wanted than
offered. Electric scrip sold at 921 per cent
and Citizens Insurance at 81.
Airbrake was strong at l4lH bid. Under
ground Cable improved to n Did, r, A. and
ii. traction advanced to 44H bid, Pennsyl-
vania Gas to 1213 bid against IL bid of 10 the
previous day and others were unchanged.
Considerable attention was paid to bank
shares at the last call, but no transactions
occurred.
Philadelphia Company.
The No. Howe farm we'll OF the above
company, 125 feet or SO from the big Snee
gasser, which came in Sunday morning
showing a minute pressure of 800 pounds,
was turned into the company's main yester-
day morning. Upon the bringing in OF the
well the Snee, which had previously shown
something Of diminution of pressure, de-
clined to about a 400-lD minute pressure
we'll. The company's Howe No. .. which is
down ], $50 feet. will be in the middle of next
week. The Howe No. is down 200
feet and the Howe No. reached
depth of $50 feet. The COM
from the Howe farm wells, is down 975 feet,
and the Bolander farm we'll, near Lock No.
8, is down S75 feet The company's new well
on the Aronson farm, in the Pinhook field,
which came in Saturday showing minute
pressure of 100 pounds, was turned into the
fine Monday. The Kerr farm we'll, in the
the same region, will be in Wednesday. Su-
perintendent Benney says all the wells
brought in by the company Of late are good
ones, and repeated former statements about
an abundance of gas this fall and winter.
Monongahela Navigation Company.
Rumors were current to-day to the effect
that the Supreme Courts decision in the
matter of the value of the Monongahea
Navigation Company's property and fran
chise had been, or would be, favorable to
the company. Some color was given these
rumors by the withdrawal of stock from the
market and a sharp advance in the selling
price set short time since. Talk was also
heard of q quiet inquiry for the stock an
quotations.
West Virginia Central and Pittsburg.
The fiscal year of the West Virginia Gen.
tral and Pittsburg Railway Company having
been changed. the report just issued, which