Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-12
LOCALS QUITE FIRM,
But the Market Rules Very Narrow
and the Trading Light.
PHILADELPHIA co. RECEIVERS
And Airbrake and q Number Of Others
show Strength.
TWO WEAK POINTS IN THE FRACTIONS

FRIDAY, Nov. II.
The local stock market was quite strong
to-day, but it was dull and narrow. Air
brake lead in strength, followed by Union
Switch and Signal, Philadelphia Co mpany,
P. & B. traction, Peoples Pipeage, Manu-
facturers' Gas and Duquesne traction, and
the only weak spots were Central traction
and Citizens traction, though in neither was
there any material falling off in price.
There were also few noteworthy changes in
the strong shares, Airbrake and Philadel-
phia Company scoring the only appreclaHle
gains. The items which figured in trading
on Change were Airbrake, P. &
B. traction, Philadelphia Company,
Peoples Pipeage and Citizens traction.
Airbrake sold at 1876, closing at 135 bid; P.
& B. Traction sold at 24sl@2455s on call and
at 2455s after call; PHILADELPHIA Company
sold at 221s, closing at 221s@22A, and was
offered after the close at a21s; Peoples Pipe.
age sold at Is. closing at l5ls asked, ana
Citizens traction sold at 81. closing at 6l1s@
81. Switch and Signal was strong Mt $4,000,
with the preferred offered at 40; Manutuctur-
ers' Gas was fractionally higher on the an
tiers Valley Gas was quoted at l0@l2, despite
the wretched showing of the statement Tor
the last quarter; Central traction was of1ered
down a fraction, and Duquesne traction
looked as If about ready to make a further
response to the continued quiet inquiry.
Luster was little better. If anything, but
like all the other mining shares, was very
quiet. Electric drooped in sympathy with
lower Boston prices, the close in Electric
second preferred being ut $685. The close
in Boston was at 3715@l3S for the second and
$4,000 Tor the first preferred.
Western New York and PennsylvanIa.
The fifth annual report of the Board of Di-
rectors of the Western New York and Penn
sylvania Railroad Company for the year
ending June 80, 1892, shows that of the $780,
100000 of capital stock of the company, con-
sisting of 800, 600 shares there is in the treas
ury of the company $l0,269, $50. Compared
with the fiscal year ending June 80. le9l,
gross earnings show an increase of $l7,4S1.
while operating expenses decreased $S7,422.
The increase in net earnings amounts to
$104 9O9. Net income, after deducting taxes,
interest on real estate, mortgages and inter-
est on equipment notes, 81, OBJ, ,555; increase,
of road and rolling stock, SIS, ,o97; decrease,
S94, 4SL
Financial Notes.
The board of directors of the Manufact-
urers' Natural Gas Company have declared
the regular monthly dividend OF y Of per
cent, payable November 90 Books close on
the 18th and reopen on the 2lst.
The imports of drygoods at the port of
New York for the week were Se,07S, 223, ana
the amount marketed 81. $50 ,656.
Chartered to-day: The ReynOldSvflle and
and Rathmel Electric Street Railway Com
pany, of Reynoldsville, Jefferson county,
capital t$a5, ,00O Riverside Land Company, of
Pittsburg, capital $4,000.
The Chicago Burlington and Quincy di-
rectors to-day declared the regular quar-
terly dividend of ~ per cent, payable De-
cember Is.
whitney & Stephenson sold Airbrake to
Sproul & Co.
traction and Sproul & Co., Hill & Co. and j.
B. Barbour bought
Long Co. sold Peoples Pipeage at 10 and
Hill & Co. sold Citizens traction to Whitney
& Stephenson.
The sellers of Philadelphia Company we're
Whitney & Stephenson and j. Ramsey, and
the buyers were Hill Co.
The allegation is that the duty upon re-
fined sugar is likely to be one of the first
items to engage the attention of the incom-
ing congress and administration while the
reimposition of the duty on the raw article
is claimed to be another object OF Demo-
cratic policy. 1t is true that so far as could
be seen the selling of Sugar and the others
of the group was by shorts and outsiders.
The situation is such that the insiders in
these stocks may turn the tables and effect
mains to be seen whether the danger above
referred to is not a real one, at least so far
as Sugar is concerned. In such an event the
possibility of q decided break on liquida-
tive group is very probable.-From Sproul
& Co.'S letter.
Manhattan.
At the annual meeting of the Manhattan
Railway Company, recently held, the fol-
lowing report for the year ending September
80, which is of special interest in Pittsburg,
was presented: