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THE PITTSBURG . DISPATCH, SUNDAY, JUNE 21, 1891
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An communications for this department
should bo mailed to reach Tin Distatok not
Inter than Saturday morning. Reasonable
apace vlll bo freely given to all organiza
tions classified under this heading.
Jr. O. TJ. A. M.
How did tou like Cleveland as compared
with Chicago?
Taller Forpe Conncfl No. 381 -will held a
picnic at Castle Shannon Grove on Monday,
August 31.
Manchester Council Ko. IS has presented
a handsome Bible to the Chicago council
which assumed its name.
The name has been changed again and the
membership will early be asked to indorse
the action of the National Council.
Eight new councils were instituted in
Pennsylvania during the past week. The
order never progressed as it is doing now.
Great preparations are being made for
the Fourth of July demonstration at Con
nellsville: several councils from the city will
participate.
Very few of the boys who were in Cleve
land mi?sed seeing the Garfield memorial.
In fact they missed seeing nothing that is of
anj interest.
All financial and recording secretaries and
treasurers of subordinate councils who have
served three years continually are entitled
to the degree of Past Councilor.
Mayor Rose ought to he elected an honor
ary member of some Pittsburg council. He
gave the boys the freedom of the city and
tusurcd them that they would not get into
any trouble.
The social meeting to be held by Grand
view council No. 239 on Mondav evening
promises to be an enjoyable affair. Ad
dresses, music and refreshments will consti
tute the programme.
Fred Shalen "Dan Evans usually removes
his glasses t ben he takes the floor to speak,
but ne hadn't time to attend to that little
duty when he arose to answer Buser's at
tack on the American."
The councils in the vicinity of New Beth
lehem. Pa., will make a grand demonstration
S.t that placo on the Fourth of July. D. S.
C E. E Truitt, of Now Bethlehem, is one of
the leading spirits of the affair.
Iteeordimr Secretary Bowman, of Man
chester Council Xo. 124, and Brothers Yan
hom and Kohlhipp, were introduced to the
"Oriental goat" on Monday evening, afford
ing considerable enjoyment to the latter.
Brothers W. A. Gordon and H. D. Marshall
deserve great credit for the manner in
which the visitors were entertataed. The
bulk of the work devolved upon them and
they came out heroes, xne guts they re
ceived were well deserved.
It was as predicted the most Important
tension of the National Council .ever held.
This body is gradually assuming the position
it deserves in the minds of the membership
and it cannot longer be said that the State
Council of Pennsylvania eolipses it except
In members.
Neither Jennie MeXeal nor the hero of
Fiedericktown would be In it alongside
Brother Collins. Driving 18 miles over But
ler county roads alter dark with the moon
"out ol sight," covering the distance in two
hours ami ten minutes, is a record not to be
sneezed at. Mr. Colling is not accustomed to
telling fish stories, either.
Sons of Liberty Council No. 452, next "Wed
nesday evening ill give a complimentary
banquet in their spacious council chamber.
Union Veteran Legion Hall, Sixth avenue.
The list of those who will respond to the
touts includes only members of the council,
and has among its number AY. T. Kerr, who
Is toastmaster; Walter M. Lindsay, Esq.; Dr.
James A. Waugh, D. L. B. Goodwin and.
James "Whiteside.
July 2t John Grey Council, No. 219, Jr. O.TJ.
A. M., v ill give a picnic at Allequippa Grove.
The followme is the committee: A. F. Lang,
Chairman; VT. A. Davis, W. M. Wagner, J. W.
Holmes, C. H. Mason, S. P. Nirkirk, J.K. Pew,
W. K. Jewell, W. E. Bamsey and H. W. Pet
singer. A prize game of baseball is on the
programme. The committee is made up of
hustlers and there is no doubt that it
will be a grand success. The ball game will
be between a team of the John Grey Council
and the Laurel club. The Greys have never
yet been defeated.
A. O. TJ. "VY.
Many members were seen among the Jolly
crowd ho went to Cleveland last week, and
they report having had a good time.
Have not the lodges in Allegheny City
enough push left to all Join in a family re
union, buch as given by other organizations?
The charter and altar of Industry Lodge,
So. 25, Allegheny City, has been draped in
mourning in memory of their late brother,
George 11. Friedel, Jr., who was laid to rest
last sunO.y, the Odd 1 ellows and American
Mce'uiiits assisting at the last sad rites.
Supremo Master Workman Wilson recom-mevu-
'hat January 18be set aside each year
n.H Meii.oiial Day for deceased members, the
cau. being tae annn ersary of the death of
JoLr. J. Vjicliurch, the founder of the order.
T hi-- 's,ii cry w ise step and no doubt will be
I..jusu- Lodge No. 25, of Allegheny City,
oi'iji iuuuiui weather has postponed her
entertainments till the last Tuesday even
ing in September, at which time they will
Uirt -tnd continue right along on the last
ffuesdaj of each month in their hall on Fed
eral street.
The Co.umirtee on Ritual, which is to re
port ai tin- session ol the supreme Lodge,
jias prepared two, oue of which is said uy
compeiem juuges to do verynne, ana writ
very likely be adopted, but the usual com-
iilaibts will no doubt be offered, as it ould
e ou ol the general run to have no objec
tions. Logcs hereabouts should heep themselves
jn.eu m supreme Lodge inattcrs,and mem
uers. vho havo any mends contemplating
juium .lionieocr-ioyears hul better au
vise mem to do so non belpre it is too lato,
asuieimmciidatiou to that effeet is to Lie
acted on, and, it adopted, will bar any oue
ever that ago.
The members of Union Lodge No.SG passed
a.ei en.,ojaUljeeuuig last Friday. Oue
candidal' w as inituited m the Workman De
gree, and some tune was spent in l elating
uneedotebj some of the members who aie
peculiarly giittd in that line. Past Grand
Mastu Ford will be invited to address the
lodge m the near luture.
Past Master Workman William P. Bennett,
of Pndj of the West Lodge, No. 37, Alle
gheuj Citj , attended the nineteenth annual
ineeung ol ti.e bupreuie Lod'.e A. O. U. W.,
nt De.roii, Mich., during last week in con
Junction with the American Mechanics at
Cleveland, O. A new budget of fish stories
ill be gathered and bound to be sprung on
Installation night at the meeting ot No. 37.
The bupreuie Lodge held Its nineteenth an
nual s jssiou at Detroit, Mich., during last
wvs. iiid as a gathering of all States and
Cbuuitia. All reports show asteadily increas
ing grow tn. '1 ue A. O. U. W., according to
tli reports, is the strongest beneficial organ
.zatiou in existence to-day. Important rec
uimueiidalioiis were made which, if adopted,
nl necessitate fcomo changes beneficial to
the older.
o.-aiid Inside Watchman Chailes L. Han
j u v. lio w ill represent Industry Lodge
Ao. - of Allegheny City, at the coming
'i-md Lodge session to bo held in Pittsburg
ui Uctouer next, will install tbo officers of
Io 2i on tne first Tuesday uveiiing of July
In j.-.e ibe deputj should fail to appear.
Members shoulu remember the time, aud en
ceavo' to be present. Visiting brothers will
reecivo a cordial w elcome.
Fidelity Conclave No. 3 (Mogullians),
compoxed oi members of Fidelity Lodge No.
S, ol Cuii.dci, N. J., was "instituted" at that
plaei ji'nidaj evening last by the merry
!oj;iillju-. ol Uciiance Conclave No. 14iof
Pi ..aai ljiliia,headedby the mirtb-provoker,
a -! .MiktuI M. S. Clarke. The snap
i ! ! aisJlJand the flieworks took place
"aniida buist of glory. The Mogul Han
.i i tooied nerve-mckmg strains as the
-In a ca off lit South street ferry and the
.ng y's We'll Gather at tho Kiver."
a very enjoyable gathering.
-elect KnlghU of America.
Grand llecorder Thomson was present at
tho meeting of No. 1 Monday evening and
made a very elaborate and also satisfactory
leport of his office for the present year.
Duquesne Lodge No. 10, always on the
Mlstl I I I'M (
(move anu ujurwuuuK u uh;iuuciiiiij-'-
cepted the cards of John Campbell, William
Cowell and D. C. O'Kain, late of No. 7.
a i ...1.. 1 ..kklH hm n(V
Pittsburg Legion. No. 1 had one of its old
fashioned meetings Monday evening last and
much enthusiasm was manifested. It is cal
culating on going to the Grand Legion ses
sion at Bradford with 25 or 30 members.
The race for the offloe of chaplain, to be
created by Allegheny Councils, is getting to
be cxceedinglv interesting between Colonel
Lewis and -Harvey Henderson, with the
chances strongly in favor of the ColoneL
Comrades C L. Hannan and James A. Mc
Kee, were enjoying themselves wonderfully
on the moonlight picnic Monday evening
last on board one of the popular boats, but
when they came ashore the gang plank-was
hardlv wide enouzh for them.
Major James A. McKee and Adjutant
James M. Todd called upon Colonel Lewis at
2 a. m. Tuesday, nnd requested him to issue
rations to them at that unseemly hour, but
as the Colonel had nothing but ice water on
hand (as he never uses anything stronger)
they departed In disgust.
Comrade John Doyle, who was a regular
attender at the meetings of Spartan Legion
No. 7, has deposited his card with Pittsburg
Legion No. 1, where he will be pleased at all
times to see any of his former comrades of
No. 7. He takes a deep interest in the
Ancient Order of United Workmen and Se-'
lecfr Knights of America, which could be
patterned after by many with good results.
At the late session of the Supreme Lodge
of A. O. U. W., hold at Detroit, Mich., some
of the able representatives wasted a great
deal of ammunition in their efforts to have
a resolution adopted compelling the Select
Knights to drop the letters A. O. U. W. For
their information it may be stated that the
Knights did drop them at the session of the
Grand Legion when thoV also decided to
sever all ties with the A. O. U. W.
The Grand Legion Finance Committee is
now in good working order, two new ap
pointments havlngbeen made lately in the
persons of Frank IJurdett, of Pittsburg Le
gion No. L and W. J. Fawcett, of Duquesne
Legion No. 10. The committee, as It now
stands, Is composed of Robert McCoy, of
Central Legion No. 9, and the two comrades
mentioned above, who can be relied on to
attend to business. The selection is a good
one.
Pittsburg Legion No. 1 held a very lively
meeting Monday evening last, upon which
occasion a great many comrades from sister
legions were present, and many interesting
discussions took place for the good of the
order. The members of the Finance Com
mittee of the Grand Legion were present.
ttUU IVjIUl LCU IUC U1UC1 111 a UUUllSlllUK I.UU-
dition financially, all death policies being
paid up to datoandaneat little surplus on
hand. It is likely that the GrandLegion
will meet in August at Bradford, Pa., and it
behooves the subordinate legions to send
some of their ablest members as representa
tives, as some very important legislation
will be necessarv to complete the organiza
tion. Comrade Fawcett. of No. 10, will rep
resent that legion, which is certainly an ex
cellent choice.
The comrades who were absent from Pitts
burg Legion No. 1 at Its meeting hist Monday
night, have good cause to regret it. Besides
a good attendance of its own members, a
large number of comrades from other legions
were present. Financial matters were ex
plained by Grand Recorder Thompson,
creat v to the satisfaction of the members
present. It would have been well had all of
those comrades who have bee censuring
their Grand Commander been present. On
this subject a large number of those present
expressed their opinions, and all agreed that
the bulk of the blame which lias been
S laced on him for alleged neglect of duty
as been wrongfully placed, and it was
clearly shown that the censure should have
fallen on those chairmen of committees and
the committees themselves, who have
abused the honor placed on them by en
tirely neglecting their duties, when there
was urgent necessity for their work. In this
connection, however, it is well to state to
those comrades who are ignorant of the
fact, that the Chairman of the Finance Com
mittee, who has been blamed pretty severely
for his inactivity, is a medical man whose
popularity in tne community in wnicn ne
resides, causes an almost constant demand
for his services at all hours, and in conse
quence it can hardly be expected that he
could attend to his dntles as Chairman "of
the committee and to his profession at the
same time. It would be well for those of
us who do not have to answer the calls of
suffering humanity to remember this, and
not take snap Judgment on a comrade who
is thus situated.
B. F. O. Elks.
Pennsylvania now has 23 lodges of Elks.
Brother Harry Eker, of No. 11, is in Now
York.
Chicago Lodge No. i has organized s Buf
falo Club and elected officers.
Detroit Lodge No. St held its annual benefit
last Thursday evening, June 18.
The date of the next Grand Lodge meeting
at Buffalo, N. Y., is June 14, 1893.
Brother "William DeWolf, or No. 11, U in
New York on business and pleasure.
Brother Goorge Tbompson.Dlstrlct Deputy
at Large, visited 54 lodges in ten months.
Brother G. Smitheres, of No.l0,"is staying
with friends in Allegheny for a few days.
Brother James Borland, District Deputy of
Franklin Lodge, will give us a call next
week.
Ashtabula, O, Lodge, instituted hut week.
is No. 203. The Erie Lodge brought a band
along.
Brother George W. Blanhard, of "Williams
port No. 173, writes that Lewisburg Is ready
for a lodge.
Through the efforts of members of Altoona
Lodge 104 a list of 39 names is in lor a lodge
at Tyrone, Pa,
Beading Lodge held a ladies' tools! session
last Wednesday evening. Two hundred and
fifty invitations were out for the occasion.
Butler Lodge No. 170 will give a basket pio
nie at Slipperyrock Park Thursday, June 25.
Members of surrounding lodges have been
invited to attend.
The work of instituting Pottsrille No. 207
will start at 10 a. x. Monday, June 22.
Brother Rake writes that it promises to be a
large affair, and it could not be otherwise in
the hands of Reading Lodge.
Brother Bert Stanley, of Pittsburg Lodge
No. H, presented the lodge with an elegant,
picture of himself last Thursday. Brother
Stanley is now in San Francisco with the
"Twelve Temptations" company.
Pennsylvania has been divided into two
districts, with the dividing line between
Lock Haven and Williamsport, a,nd Brother
J. L. Rake, Secretary of Reading Lodge and
a model Elk, has been appointed deputy for
the Eastern district. Tue deputy for the
Western district has not yet been named.
Brother Rudolph Glasser ii in receipt of a
letter from District Deputy James B. Bor
land, of Franklin Lodce. statimr that thn
Grand Exalted Ruler, E. Hay, ol Washing
ton, D. C, Is insisting upon ins succeeding
hLoiseli as District Deputy for Western
Pennsylvania. Brother Borland has accepted
tor another year.
Tlttsburg Lodge No. U organized their
Buffalo Club last Thursday evening and
elected the following officers: President,
Wallace Cready: Secretary, Rudolph Glas
seu; Treasurer, George Mashey; Committee
on Ways and Means, Dr. J. P. McCord,
George Masbey, George Meyers, Jr., and P.
S. Brady. The club started off with a mem
bership of 25.
Daughters of Liberty.
Margaret A.Dushane Council held apicnlo
Wednesday.
Pittsburg Council is arranging a perma
nent initiation team for the purpose of per
lecting the work.
The question of making the National Coun
cil a representative body will come up for
consideration at the session in Waterbury.
Brother Deputy National Councilor C B.
Wylie, formerly of this city, hut now of East
Liverpool, O., is here. He called on several
members of the order last evening.
Through the efforts of National Councilor
J. W. McCleary, Deputy National Councilor
G. E. Kcpple and Fred. JShaler, a resolu
tion was introduced in thoN'ational Council
of the Jr. O. U. A. M., and passed by that
body, recognizing the D. of L., and making
it compulsory upon councils of the Juniors
to furnish the financial standing of their
members who may apply for admission in
the D. of L.
Deputy National Councillor G. E. Kepple
is organizing a council in Washington, D. C.
Nearly a hundred names have been secured,
among whom are some of tbe real socioty
people of the national capital. The council
will he instituted (if it gels a charter) with
over 200 names, and will be one of the finest
councils in the organization. A. L. Goodall,
an active member of the O. U. A. M. has
charge of the list in Washington.
The national officers are earnestly desir
ous of having every council represented at
the next meeting of the National Council.
Low railroad rates have already been se
cured. The National Councillor has sent
out a circular advising the councils of this
fact. There Is not a council in Pennsylva
nia that cannot afford to send at least one
delegate, and it is hoped that all who can
send their full quota will do so.
There have been several unnecessary de
lays recently in 'handling the by-laws of the
various councils bv the National Law Com
mittee. Brother G. E. Kepple, a member, says
it is due to no fault of bis. The last package
of laws that come to him had been ap
proved by the other members of the com
mittee 20 days previous to his receiving
them. This explanation is made so that
councils having by-laws on the war will
i
... . ; . '..-.
know that the delay Is due to the negligence
of some one In the East.
At the meeting of Unity Council on Friday
evening, A. G. Walters, Mrs. Orpha Berry,
Mrs. Mary Gaily and J. P. Johnston were
nominated for representatives to the Na
tional Council, which meets in Waterbury,
Conn., in August. Unity is the oldest coun
cil of the order west of tho mountains, and
has been making soma progressive strides
lately. Arrangements have been made for
the anniversary of the council, which will
be celebrated by the members on July 8.
The council has donated $10 to the-Southsida
Hospital.
Order of Solon.
Ball Lodge .No. 6 initiated two ner mem
bers and had several applications at last
session.
Deputy Westerhold, of Ohio, will be beard
from shortly with two new lodges in East
ern Ohio.
Supreme Chaplain W. E. Coovert, of Find
lay, O., was in the city several days of the
past week.
Supreme Vice President McMillen will
leave the city early next week for Eastern
Pennsylvania to work the interests of Solon.
The supreme office was closed Friday out
of respect to the memory of late Past Su
preme President Albert "E. Henser, M. D.
A number of tbe supreme officers attended
services and tendered their tributes, of re
spect to the deceased.
Supreme President BaU has received a
very interesting letter from Supreme Med
ical examiner vr. w. v. t;oie, written iroia
Salt Lake City, Utah. The doctor's health
is improving rapidly. His next stopping
place will be Son Diego, Cal.
Charter Lodge No. 1 held an interesting
meeting Monday evening. Supreme Presi
dent Ball was among tbe visitors. Robert
Godfiey, Jr., eldest son of Supreme Treas
urer Godfrey, was initiated. No. 1 has quite
a number ol applications for next meeting.
It is with profound regret that the death
of the First Supreme Past President, Albert
E. Henser, M, D., is announced. Brother
Henser had been in poor health for several
months, and, although the end came sud
denly, it was not wholly unexpected. He
was one of the incorporators of Solon. Con
servative, unassuming and of sterling quali
ties, he was an honor to the order. Memo
rials will be spread on the rolls of the Su
preme and subordinate lodge and copies
presented to the family of the deceased.
L O. O. F.
Walter H. Bllderback, the Joker,
has ar-
nved home.
H. Bergman is doing Cleveland and'haTtng
a glorious time.
E. H. Myers is in the Cantos with both.
feet and hands too.
It is now District Deputy Grand Mister
Thomas Matthews.
H. S. Hoight has been Installed Ensign of
Canton Pittsburg No. 18.
Marshall McClaln makes the boss cleric
Canton Allegheny No. 32 has him.
H. S. Foight has returned from Lancaster
full of schemes. Look out for him.
Ensign Will N. Stevenson and his big mus
tache captivates everything in sight.
It is now Captain Andrew Ackermsn and
Lieutenant F. R. C. Perrin. Success to them.
Canton Allegheny No.S2 P. M., meets for
drill at No. 23 Federal street, Allegheny,
Tuesday night, June 23.
P. D. D. G. M. James Pernell has moved to
"Walls station, and it now keeps him hustling
to attend his lodge meetings.
Henry Reiss who has been very stok for
eight weeks is able to be out again, which
his many friends will be glad to hear.
The members of B, A. Lamberton Encamp
ment last Tuesday night had a great deal of
amusement at the expense of Brother Au-
fust W. Giesecke, who highly appreciated it
imself.
William Armstrong who has been in Mexi
co has arrived home looking hale and hearty.
He filled the chair of C. P. In R. A. Lamber
ton Encampment No. 125 with dignity and
dispatch last week.
The newly elected officers of the Mary S.
Shaddle, Rebekah Degree, Lodge No. 222, 1.
O. O. F., will be installed Wednesday even
ing, June 24, at its hall, corner Penn avenue
and Twenty-fourth street. All members are
requested to be present, and Bister lodges
are invited, as a pleasant time is antici
pated. Tbe newly-elected officers are as fol
lows: N. G., Mrs. Daisy George; V. G., Mrs.
S. J. Bingham; Assistant Secretary, M. J.
Turner; Trustees, John Baker, J,ohn Cooper
and Mrs. Patton.
The Golden Eagles.
Anchor Castle 338 is having very largend
harmonious meetings.
Brother Harvey V-Blakey is hard at work
on a new commandery.
P. C. C. P. Bailey has been appointed D. G.
C. for District No. 6, of 'Allegheny county.
Brother Crawford, of 336, makes a very fine
T. H., one of the very best in tho country.
Iona Castle, one of 'the best castles in the
county, initiated ten candidates in the first
degree last meeting night, and had a very
largo gathering. Brother Kirk is a very hard
worker in the castle.
A new castle is now organizing on Mt.
Washington, and any members of the order
living in that part of the city, or other per
sons who are not members desiring to be
come charter members, can do so by apply
ing to B, Crawford, C. C., or George C. Johns
ton. P. C both of Mt. Washineton Lodire 332.
K. of P., who will give aU the informational
Tho hustlers of Venus Castle have come
to the front with a charter list for a new
commandery and have been very successful
in getting applications for membership.
They have already 2S members and more
coming daily. They are to have at least 100
charter members and one of tbe finest com
manderies in the State. All members of
Venus Castle who have not already signed
the roll and wish to will please attend the
next meeting of the castle.
Order of Juno.
Keystone Temple No. 7 held Its monthly
"meeting at Moorhead's Hall, Grant street,
Thursday evening. Notwithstanding the
heavy rainstorm there was a fair attend
ance. Among those initiated wore three
lady candidates. Secretary James N. Bebout
read the resignation of Charles Anderson as
Marshal. "Charley" is a confirmed old
bachelor, and it is surmised that the, pres
ence of so many ladies has scared him out.
Anton Butfelder, Tyler, expects soon to
'make a trip to the seashore for his health.
The next meeting will be held July 2, at
which time several candidates will be pres
ent for initiation.
A letter received from Supreme President
Harper says that from the 1st of January
until the present time not a claim has been
presented for sick benefits.
Washington Temple No. 10 will hold, its
regular meeting at Allentown Wednesday
evening, July f. Every member who can
should try and attend. Business of im
portance is to be transacted.
Order of the Annual Friend.
Allegheny Lodge No. 44 initiated four
members last Friday evening. The lodge is
growing rapidly.
Pittsburg Lodge No. 65 gave an entertain
ment and pound social last Tuesday evening.
JL large audience was present and a very en
joyable evening was spent. Alteranaddress
by President Charles G. Brown on the aims
and objects of the order, Prof. Heneken's
orchestra furnished some fine musical selec
tions. Rev. Brother Thomson "delivered an
address in his most elesant stvle. The mem
bers wish their thanks to be extended to
Brothers Stoin and Gallinger for the fine
musical selections rendered by them.
I. O. G. T.
West Man Chester Lodge- had throe initia
tions last Saturday; evening, with several
mere propositions for membership.
About 25 members of West Manchester
Lodge paid a visit to Banksvllle Lodge
Thursday night and had a delightful time,
notwithstanding it rained on the way home.
West Manchester, Friendship, Lawrence
and J. W. Moreland lodges have each ap
pointed a committee to get up a picnio for
all the lodges July 4. The committee will
meet next Thursday evening at Friendship
Lodge hall, in Bloomfield.
General Lodge Notes.
The entertainment of Mt. Washington
Lodge 332, K. of P., Friday evening, June 12.
way a decided success, and the committee
having it in charge deserve a great deal of
praise for the manner in which it was gotten
up, as they only had one week's tfine In
which to make all arrangements, which
seemed to meet with the approval or all who
attended.
Zocco Lodge No. 385, 1. 0. 0. P., at its last
meeting gavo an order to C. C. Mendel, of
Allegheny, representing Cogswell, of Phila
delphia, for a new set of officers' regalia and
robes at a cost of $219, which will make all
members wish they wore officers to have the
privilege of being attired in the handsome
clothes. Zocco is one of the progressive
lodges in the Middle district, and numbers
among its members some of the best work
ers in the county. '
Badges for lodges and -societies at Mo
Mahou Bros. & Adams', 62 Fourth avenue.
stf
Badges for lodges and societies at Mo
Mahon Bros. & Adams', 62 Fourth, avenue.
THE TREND OF TRADE.
Sale of ,the Holmes Property, One of
the Finest in the East End.
MOKE HOMES FOE THE PEOPLE.
Lawrence EevlBir of the Operation! of
the Local Stock market.
OFFICE AND STREET NEWS AND GOSSIP
It was stated yesterday, and substantially
confirmed, that .Mr. Charles Lockhart had
sold through his representative here, he
being in Europe, the property formerly
owned by Josiab Holmes, in the East End,
to Mr. Roberts, of Oliver " Roberts, fox
$60,000. The lot is 190 feet on the west side of
Negley avenue and Black street,about 230 feet
east of-Hon. Thomas Mellon's fine residence,
and extends to Fairmount avenue, a dis
tance of 1.2C0 feet, comprising about 10 acres
of ground. The house is elegant and spa
cious, containing 12 rooms. Thereisaflno
barn, hothouses and other outbuildings.
The price paid by Mr. Roberts is considered
a bargain for that quarter of the city.
For Lower Interest Bates.
Attempts are being made in nearly all
European oountries to reduce the rate of in
terest on money to land owners, and with
such suocess that in many places they can
borrow at 4 to 5 per cent. Thirty or 40 years
ago the average rate was 6 to 8 percent. The
ohange has not been brought about by the
increase of wealth, making money more
plentiful, but by deliberate efforts on the
part of governments, or private companies
acting under their authority, to provide the
sources of money supplies needed by the
agricultural interest, which was suffering
greatly for the lack of them. In comment
ing upon this, a broker remarked: "A change
in our laws that will make the collection of
loans on land as certain, as prompt and as
cheap as the collection of loans backed by
Government bonds or railroad stock will
bring about the same result in the United
States."
More Homes for the People.
At a meeting of the directors of the Pitts
burg Land and Building Company at the
office of Straub & Morris yesterday after
noon, it was decided to begin at once the
erection of a number of houses in Schenley
View place. The company will ask for bids
in a few days. Improvements of this kind
are much needed in that part of trio city,
where tho demand for houses is and has been
for some time out of all proportion to the
supply. Tho company deserves credit for
its enterprise.
Residence Property Enhancing.
Among real estate sales of the week was
one by M. F. Hippie Co. They sold to a
prominent business man, who will at once
build a handsome residence on it, for the
executors of the estate of the late James
Caldwell, a lot 62 feet by 223, on the west
side of Negley avenue, near Penn, for $6,700,
or nearly $110 a foot front. Good residence
property la steadily enhancing.
A "Windy City Scheme.
Chicago has a big thing on paper. It sur
passes in magnitude anything of the kind
ever before planned in the West, boing the
establishment of a gigantic freight clearing
house in that city. It is proposed to erect
buildings of sufficient size to accommodate
the population of a fair-sized city. One hun
dred and fifty structures, each six stories
high, will be pnt np. They will all be erectod
on the same plan and connected with each
other. The cost will be about $4,000,000, and
is to be paid by a syndicate.
Business News -and Gossip.
A number of important deals in real estate
were consummated and reported during the
week. The lot market was active. Nearly
all the brokers reported improvement in
business.
It is understood that President Noreross,
of the Pittsburg Female College, favors the
purchase of the Vandergrift property as a
permanent home for the institution.
There is a good opening for a fine business
block on Fifth avenue, extending about 150
feet east from Master's alley, and if one
should be erected there within a year or two
no one need be surprised, having been fore
warned. Straub & Morris have Just laid out a; plan
of lots at Crafton for Mrs.'" Jane McMunnJ to
be known as Baldwin terrace. They will be
put on tbe markvt this week.
Baxter, Thompson A Co. report improve
ment in the demand for suburban property,
especially good residence sites, which are
easily marketed at fair prices. They have
orders for such from several outsiders.
It was stated yesterday that the Man
chester Traction could be made ready for
business by July 1, and would be if Councils
adhere to their refusal to extend the time.
On call yesterday 20 was bid for Birming
ham, offered 20; 15 for Duquesne, offered
17; 38 for Manchester, offered 89, and SO
per cent for Electric scrip.
Silver was the feature at the opening of
the New York stock market yesterday. First
transactions were at an advance of per
cent. London did very little. Stocks were
fractionally higher, but business was wholly
professional.
The news of the growing crops continues
favorable. Some capital was attempted to
be made out of the slight damage in Kansas,
but this covers such a very small area that
it is of no consequence at all, The winter
wheat is being harvested, and is showing
both in quantity and quality to be excep
tionally nne.
Fourteen lots were sold at Kensington by
the Burrell Improvement Company yester
day, aggregating $U,591. The Allegheny
Valley Railroad has commenced lowering its
tracks through this property. The cut will
be about six teet, leaving, tbe ground nicely
elevated above the railroad.
The Building Record.
During the past week 25 permits were
issued, representing 28 buildings 35 frame,
2 brick and 1 ironclad tho total opst of all
being $35,377. The Nineteenth ward led
with 8 buildings, followed by the Thirteenth
with 4.
The number of permits taken out the pre
vious week was 39, representing 43 buildings,
the estimated cost being $32,178. Number of
buildings for which permits have been is
sued this year to date, 1,437.
Only one permit was taken out yesterday
John Bell, for a frame two-story dwelling,
on Cambria street, Eighteenth ward, to cost
$1,400.
Movements in Realty.
JohnK.Ewing 4 Co. seld for Mrs. M.D.
Watson to Samuel Walton five lots, 50x150
each, on Smith avenue, within one square of
the proposed California Avenue Electrio
road, being Nos. 2, 3, 4, 5 and 6 in Mrs. "Wat
son's plan at East Belleyue, for $4,500. The
purchaser intends erecting a handsome resi
dence at once.
Black & Bairdsold in Ell wood lot No. 870
to S. French for $500, lot 960 to Jerome J.
Hyde for $500, lot 546 to M. S. Telford for $575,
lot 929 to Richard Laird for $500. Blatti
Grove, who have a large hardware store at
Ellwood, recently purchased lot 975 for $500.
It waB sold yesterday to Dr. Dobbinspeek, of
New Lebanon, Pa., for $650. The doctor will
locate at Ellwood and build an office and
residence on this lot.
Baltensperger & Williams sold lot No. 44
in the Weinman plan, Southern avenue, Mt.
Washington, belnir 25x115. to James Faul for
$200; $10 cash and $5 per month. Lots in this
plan are selling rapidly.
M. F. Hiptle & Co. sold for to Frank
Nogowski, a n.ot 20x100 feet, on the west side
of Downing street, being No. 9 in the Dick
son plan, Thirteenth ward, for $475. This
makes the fifteenth lot sold in this plan
within two weeks,
A. Z. Byers & Co. sold for the Bidgeview
Land Company, to E. L. Bechtold, lot No. 21
in their plan, Eleventh ward, Allegheny
City, havinga frontage of 25 foot on Fleming
avenue and extending through 120 feet to an
alley, for $560.
J. E. Glass sold for A. C. Watkins to J.
Dibaldlot No. 72, in Allequippa place plan,
for $350.
Peter Shields sold for the Schenley Park
Land Company toM. F. Keeny, a lot 40x130,
on Gladstone street, for $600; also to John
Sclieldise a lot 25x100, on Huldane street, for
$365, on monthly payments.
George Schmidt sold to Oliver Harrison 10
xlOl feet, on Lookout avenue, in bis Eureka
Place plau, Oakland, for $900. Mr. Harrison,
who has just come to Pittsburg, will erect a
fine residence for himself.
Glen Ma wr Park plan of lota, a beautiful
suburban residence place, will be nnim tn
the public in a few days. See next Tuesday's'
paper.
THE CITY'S PURSE.
A Good Weak at the Banks Plenty ,of
Funds Left Over.
Bankers, with about half a dozen excep
tions, observed the half-holdlday law yester
day asd promptly closed their doors at noon.
Buslnttt Oozing tMwk ww Mt
hlM
rushing. It was below but year, but better
than 1889. Funds were more than sufficient
to meet the calls for loans. Rates were
steady at 57 per cent according to date.
Currency was almost a drug and exchange
commanded a premium at most of the banks.
The Clearing House report follows:
Saturday's exchanges.. ..'. 2.171.745 62
Saturday's balances 3112.40141
Week's exchanges 13.2S7.6a) 25
Previous week's exchanges 13.36.K4 69
Exchanges week of 1890.7. 15,546,082 71
The weekly statement of the New York
banks Issued yesterday shows the following
changes: Reserve, increase, $5,687,400; loons,
increase, $3,153,100; specie, increase, $1,877,800;
legal tenders, increase, $3,642,000; deposits,
increase. $11,303200; circulation, increase,
$4,400. The banks now hold $10,066,176 in ex
cess of the requirements pf the 25 per cent
rule.
Referring to the rise in silver the Wall
Street Newt of yesterday says: "The advance
was predicted partly on tho higher prices in
Londpn, 45d the ounce, and on the strong
demand from India. There are those, how
ever, who hold to the belief that the activity
and rise in that specialty here was due to
the manipulation of those parties who were
in consultation yesterday at the Hoffman
House looking toward tbe passage in the
next Congress of a bill for the free coinage
of silver. A strong pool has been formed in
this city with that purpose in view."
At New York yesterday money on call was
easy at 22 per cent; last loan 2, closed
offered at 2. Prime mercantile paper,
57c. Sterling exchange quiet but steady
at $1 BSi for e&day bills and $4 $8 for de
mand. Closing Bond Quotations.
17. S. 4sreg 117Ji
M.. K. AT. 53. ....... 3DK
Mutual Union 6s 100JJ
N.J. C. Int. Cert ...110
Northern Pac. Ists..ll6
Northern Pac. 2ds...lll
Northw'n Consols. ..134
Northw'n Deb. 5s.. .101
U. U. 93 COUp... 11SJ2
u. d. isreg luu
U. S. 4Jiscoup 100
Pacific 6Jor W 109
Louisiana 8tamped4s 89
Missouri 6s
Tenn. new set 69 loo
Tenn. new iet5s 102J
Tenn. new set 3s 69M
Canada So. 2nds 96
Cen. Pacific lsts 103
Den. ft It. G. Ista....ll44
Den. &R. G.49 81i
D. R. G. West lata
Erie 2nds 96
M. K. T. lits 76
Oregon & Trans. 6s..
St.fJ:I.M.Gen.5s8!S
t. L.. fit, r .wen.ai n6
t. Paul Consols 124)4
St. P.. C. A P. lsts.. 114
Texas Pacific lsts.... 8754"
Texas Pacific 2ds.... 32
Union racinc ist...iiu
West Shore .102K
B'G. West, lsts 76i
Bank Clearings.
St. Loots Clearings to-day, $3,086,3S8; bal
ances, $305,777; exchange on New York, 90c
premium; money, B7 per cent. For this,
week Clearings, $20 523551; balances $2,412,
669. For last week Clearings,$20,59,010; bal
ances, $2,294,538. For corresponding week
last year Clearings, $20,932,216; balances, $2,
977.073. .
Memphis New York exchange selling at
$1 premium. Clearings, $224,437; balances,
$103,442.
Chicago New York exchange steady at
122Jc per $1,000 premium. Clearings, $12,
539,010. Clearings for the week ending June
20. $86,353 257.
New York -Clearings, $91,999,894; balances,
$4,887,656. For the week Clearings, $5s8,405,
746; balances, $30,799,634.
Boston Clearings, $15,805,725; balances,
$1,972,443. Money at 2 per cent; exchange
on New York, 10 to 15 cents discount. For
the week Clearings, $!,711,689; balances,
$9,203,029. For thasame week last year Clear
$93,687,8fc0; balances. $9,442,222.
Philadelphia Clearings, $9,861,993; bal
ances, $1,449,244. For the week ending to
dayClearings, $60,800,859; balances, $8,021,363.
Money, 44 per cent.
Baltimore Clearings, $3,109,-483; balances,
$36S,66L Money, 6 per cent.
HOME SECURITIES.
MORE BUSINESS, BETTEB, PRICES AND
A BROADER MARKET.
A Decided Improvement in the Speculative
Pulse Some Handsome Gains and Only
Trifling Losses Big Jumps in Bank
Stocks Review of the Week.
Local and general conditions were more
favorable to speculators last week than for
some time, and not only was business more
active but the market was broader. Closing
priees on tho local Exchange, as compared
with those of the previous Saturday, show
the following changes: Allegheny Gas im
proved 91 50, Consolidated Gas $1, Manufac
turers' Gas $1, Central Traction , Pitts
burg Traction $P50, Pleasant Valley yt.
Second Avenue $1 50,' Electric f. Airbrake
$1 60. Chartiers Gas lost i, Pipeage ,
Philadelphia Gas , Luster . -Underground
Cable also declined.
The entire bank list was gone over yester
day, as is customary at the middle of the
year, to append quotations as a basis for bor
rowing money on this kind of collateral.
Quotations were almost invariably higher
than at the beginning of the year. The
'greatest advance was in Farmers' Deposit
National, $100. Bank of Pittsburg showed an
improvement of $21, and Arsenal of $5 as
compared with December figures. There is
a fair demand for these stocks, but sales are
few. Several causes have combined to cause
these big Jumps, among which might bo
mentioned tbe prosperous condition of these
institutions, the abundance for several
months of unemployedmoney and a growing
disposition to invest in reliable securities as
distinguished from those of a purely specu
lative character.
There was less talk yesterday about Trac
tion consolidation than usual. While brokers
and Investors, or at least those not on the
inside, are convinced that ono or two Im
portant movements of this kind are on foot,
they are unable to put their fingers on them,
andarejoing slow until further develop
ments. It is a little singular that the stocks
of the companies most frequently mentioned
in this connection continue to advance in
the face of repeated protestations that any
change is about to take place. It seems to
be a ease where denial fails to deny.
A. J. Lawrence & Cov, In their weekly let
ter reviewing local financial affairs, say:
"There was a distinct Improvement in local
financial affairs the past week. Tho auction
sale of stocks demonstrated that investors
are willing to pay full value for 'something
sale;' ino increaseu ueiuauu jur iuo xrac
tions, especially the non-dividoud payers,
shows the laith in the future of these prop
erties, while the steadiness of the natural
gas shares, In spite of the fact that this is the
season when receipts are the lightest and
fiVTifinses the errentest. is a point in fnvnr nf
Detter things later on. xnere is one thing
that may be said of the natural gas com
panies to-day, which could not be said in
any previous year, namely none of them
are engaged in building additional mains
and increasing their debt, but, on the con
trary, the latter is being steadily reduced.
"During the week the Second Avenue
Electric Railway Company entered the
ranks'Of tho dividend-payers, declaring 3 per
cent semi-annually, and the Westinghouso
Airbrake Company increased ita rate from 4
per cent to 5, quarterly. The latter stock
advanced 22 per cent on the announce
ment and closed firm at 9698. Early last
month when Airbrake was quoted at 9495
we expresssed our opinion in these letters
that it was one of the best purchases on the
list, and we reiterate that opinion now. In
trinsically, it is worth $100 a share; at that
'price it will pay 10 per oent, and it is as safe
as bank stocks which sell on a 45 per cent
basis. There is but one point which may bo
argued against it, . and that is, its earning
power is based upon the value of .patents.
The same argument may be used against
Bell Telephone or Pullman Palace Car Com
pany. Two years ago Airbrake sold at 115
120. Everyone is familiar with the causes
which brought about the subsequent shrink
age, and these causes have since been very
largely removod.
"Last week we referred favorably to Cen
tral Traction, saying that we believed it too
low at 17. Since then it has rallied slightly,
but is still depressed by the fear of an as
sessment. We believe that this assessment
will be levied, but we also believe that Cen
tral Traction will be the next street railway
to earn and pay a dividend. There maybe
forced lIquldatioron the assessment, which
will carry prices down, but on any conces
sion from 17 we regard it as the best pur
chase in the list of Tractions. Its fixed
charges over oDeratine expenses are but
r . . . ? . m.- . -r-
$18,750 against $75,000 for each of four others,
and its operating expenses are necessarily
low on account of the shortness of its route.
" Westmghouse Electric has been very dull
but firmer at 1313J. The adjourned an
nual meeting on Tuesday is likely to be fur
ther nostDoned. but from the progress made
this month the probabilities are the com
pany will be successful in tbe end. Tf the
matter is settled before July 1, it will go a
great way toward making the next six
months a vast improvement upon tho past
half year."
Sales on call yesterday were 20 shares Cen
tral Traction at 17, 2 Electric at 12J, $1,000
Manchester 5 percent bonds at 102, loo Bir
mingham Traction at 20.
Closing bids and asking prices for tho week
are appended:
EXCHANGE STOCK.
Bid. Asked.
PittbnrgPet.StockandMeUlEx....T3a0 $395
SANK STOCKS.
Bid. Asked.
Anchor Savings M) ....
Arsenaal 1 70 .'...
Allegheny National Bank 63
Bank of Pittsburg 98
Commercial National Bank '. 73
Cltirens' National Bank 64X
City Savings 60
City Deposit M
Central 50
Diamond National Bank 220 ....
Duquesne National Bank .'. 181 ....
Exchange National Bank .'. Sa'.Ji
Farmers' Deposit National Bank 550
First National Bank, Pittsburg 180
Fourth NatlonalBank 123 125
Fifth NatlonalBank 135
Fort Pitt National Bank..... ".170
Fifth Avenue.. ............ M M
7 rM
. , ..'.. .. i .oil
f if ajiiikJSifesP '' '!sSi&a&i .aaifeJ.Sf'.S.. n. .r-jfejajs,,;- XiL. -jhysjAit aaa&3. i ..-:Wirfr&:JgMny. r-.f.'-ftfi- L " P-,JrkMlB
First National, Blrmlngbam......29S
German National Bank ...S10
Gcrmanla Saving ;..7M
German Savings and Deposit 60
Iron City National Bank 80
Iron and Glass Dollar Savings ISO
Keystone Bank of Pittoburg 77)4
Liberty National Bank,.... ....102
1 Marine National Bank. HO
Masonic Bank 58
Mer. A Man. National Bank..-. 59
Mechanics' National Bank..... -....MX
Metropolitan National Bant 110
Monongahela National Bank 130
' Odd Fellows' Savings Bank 70
Ptttsbnrg National Bank of Commerce.250
Pittsburg Bank for Savings 2S0 '
PcopleVNatlonal Bank... 180
, Peoples' Savings Bank of Pittsburg... .137
Real Estate SarWs Bank. Llm 125
Becond National fiank... 220
Safe Deposit Company. 65
Third National Bank.. IS
Tradesmen's National Bank 240
Union National Bank 450
West End Savings 55
Enterorise SAVlnva AILvhonV 55
113
75
67
Nations' Bank for Savings, Allegheny. SO
INSUKANCX STOCKS.
Bid.
. 48
Asked.
51
82
Allegheny Insnrance Co
jjcruiau American
Humboldt 50
Te-J&mii 125
Union 58
Western Insurance Co 48
GAS STOCKS.
ma. Aun.
Anhenv flM rn miMTn
Consolidated Gas Co. (Ilium.)....
WMaJmrg Gas Co, (Ilium.) - 72
Sonthslde Gas Co. (Ilium.) 15 24
NATURAL GAS STOCKS. ....
ilia. ASKea.
Jtrldgewater..
a
35
Chartiers Valley Gas Co..
SK
ManuTactHrfcra' fl rn S3
Natural Gas Co. of W. Va..., 59
Ohio Valley
People's Nat. Gaa and Pipeage Co..... H
Philadelphia Co !7V.T. 12
Westmoreland and Cambria -
Wheeling Gas Co. - 21
25
an
15
22
on. coicrAirr stocks.
Bid. Asked.
Colombia oil Co ........ ..---. .... 3
Fisher Oil Co ......... 67
TJnaOllCo ...... .. 55
Washington OilCo.. 0
PASSENQKa BAIL WAT STOCKS.
Bid. Asked.
Central Traction - 17
17K
Citizens' Traction ,
Pittsburg Traction...... 33)4
Pleasant Valley , 23)
Second Avenne 56)J
5M
RAILSOAD STOCKS.
Bid. Asked.
.. H ....
AllecbenvVallev
Pittsburg and Connellsvule.... ......... 6
Pittsburg Junction R. R. Co
Pitts.. Clno., Chi. & St. L. R. B. com. 15
Pitts., Cinn., Chi. & St. L. R. R. pref. 45
Pitts., Va. & Charleston R. R. Co 45
Pittsburg and Western R. R. Co
Pittsburg and Western E. E. Co. pref...W)f
Pitts., Wheeling & Ky 50
n
COAL STOCKS.
Bid. Asked.
40
N. T. 0.-Gm Coal Co..
ERIDQE STOCKS.
Bid. Asked.
Ewalt OPortT-thlrd street)... M .... 60 ....
Hand street ....... 43 45
Monongahela .. 25 ....
Mrarao stocks.
Bid. Asked.
Hidalgo Mining Co -....... t)i
LaNorla Mining Co. 35
Luster Mining Co 11)4 11
Yankee Girl Mining Co . 4
XLICTBIC LIGHT STOCKS.
Bid. Asked.
Westmghofue.... 13 13M
H5CXLLAN20r;5 STOCKS.
Bid. Asked.
Monongahela Navigation Co.. ..... 70 ..
Monongahela AVater Co ..... 28 ....
Union Storage Co ...... 53 ....
Union Swltcn and Signal Co., 7 ....
Wcstingbouse Airbrake Co 93 98
Westlnghouse Brake Co.. Llm .- . 68 ....
Standard Underground Cable Co 65 J7K
At New York yesterday the total sales of
stocks were 49,911 shares, including Atchi
son, 2,173; Delaware, Laokawanna and West
ern, 4,660; Louisville and Nashville, 5.905; St.
Paul, 12,470.
LIFELESS STOCKS.
ALMOST COMPLETE STAGNATION IN
THE SHAKE LIST.
An Excellent Bank Statement Is a Good
Symptom Silver Certificates Higher
Lackawanna the Only Feature in Rail,
road Stocks, Scoring a Good Advance.
. New Yoek, June 20. The stock market to
day was insignificant in every respect, and
reflected only the waiting attitude -of opera
tors, the trading being extremely small and
the fluctuations strictly in accordance. The
foreigners were inolined to buy, but the
trading element was bearish, and there was
no disposition to trade by domestio opera
tors. The feeling abroad was indicated by
higher figures in London this morning, and
this produced generally nigner prices at the
opening here, which, however, were soon
neutralized by the short sales by the trading
element.
No material change ocourred, and the ex
pectation of a good bank statement, which
was not disappointed, developed a firmer
tone before the expiration of the first hour.
Prices were, therefore, brought up to a
shado better than the opening figures, and
kept there for the remainder of the session.
Lackawanna was the only feature of the
day, developing marked strength in the last
hour, moving up sharply on the buying of
traders, and scored the only material gain
of the day. Of the other stocks, St. Paul,
Louisville, Burlington and Chicago Gas were
moro active than tbo general list, but failed
to make more than slight fractional ad
vance. Silver certificates were strong and active.
The bank statement met all expectations,
making a remarkable showing, and served
to keep the market firm to the close, which
was dull at the best prices, but only slightly
better than last evening.
Railroad bonds were as dull as stocks, the
sales reaching $174,000, and while a firm tone
still prevailed, the movement was scarcely
perceptible.
The exports of specie from the port of Ne w
Yoik amounted to $2,751,698, of which $2,620,
601 was in gold, and $131,097 silver. The Im
ports of specie amounted to $16,446, of which
$20,741 was in gold, and $25,705 silver.
Uncle Sam Very RIoh.
Watson & Gibson sent the following to
John M. Oakley & Co.: "There is a little
cheap gossip going around to influence small
speculators that the United States Treasury
is 'hard up.' With the one hundred million
gold fund and twenty-three millions depos
ited with the national banks it is a trifle bold
to talk about the straits of the Treasury as a
bear argument. It we were to enter the
autumn with the Treasury vaults full of
money withdrawn from circulation, and
doubts were present as to whether the Sec
retary might let it out by bond purchases
promptly enough to prevent a stringency,
then the bears would have more reason to
predict trouble. We confess that we think
tho late Congress was absolutely indif
ferent to and ignorant of the relation of
revenues to expenditures, but with bankers
willing to take the Government bonds at 2
per cent, the credit of the nation, by actual
test, is higher than evor before.
"It is hard to see just what is going to pro
duce tight money in Wall street. The oanks
in tho West, as we have shown by actual fig
ures prepared for us by she Controller of
the Currency, have nearly $14,100,000 more
cash than a year ago, and as mercantile
business there, as elsowhere, is dull nearly
all the resources of the interior blinks will
be at tho disposal of the farmers. The in
disposition ol bankers in Eastern cities to
place their funds on time loans will proba
bly operate to curtail commercial business
and to leave a largo proportionate amount
free for brokers ana speculative uses than
would ordinarily be available.
"The outlook lor Wall street values is cer
tainly favorable, and sooner or later the
speculative spirit will be aroused and will
discount tho magnificent harvest prospects.
So far we believe that this has been very
little done. Business may remain dull for
some time, but we are running into
a period of prosperity to which Wall street
will show the way, just as a year ago we
were running into a period of depression to
which Wall street first led the way. A dull
business throughout the country might Just
as.easlly accompany a boom in stocks as a
big rush in trade. Last autumn accom
panied a falling and semi-panicky market in
Wall street. Just now dullness reigns
supreme, and neither bulls' nor bears' opin
ions 'are good for anything as a guide to
daily fluctuations. A change will come, and
wo ociievo 101 mu ucbhci.
"Tho bank statement was even better than
expected, showing a large gain in deposits
and in reserves of $3,687,000, while the actual
gain of cash was $8,600,000 in round figures.
We expect hotter prices Monday. Silver
was higher to-day, and its Irlends are talk
ing big prices lor it. We believe in its future,
but we think it likely to get a little reaction
next week."
Weak Points Counterbalanced. ,
Henry Clews & Co. are hopeful. They say
in their weekly letter : "The most significant
event of the week was tho reduction of the
Bank of England rate of discount from 4 to
S per cent. For months past Londen has
been the objective point of interest, the
storm center, so to speak, of the financial
world; and tho clouds of distrust which had
gathered in from all parts of the world
threatened to burst with renewed fury over
those intrepid racers on tho sea of finance
who had been carrying an over-press of sail
in South American waters. The danger
signal, however, has been lowered; the
outlook 1 BO M. ana sow tna
14 rauaraa
annum u tcuotm HpvrvMt amu! j vwmovb
naturally follow. Enterprise 01 all
kinds has been held in check for some
time past by fears of tight money. Con
servatism appeared imperative in manu
facturing as well as commercial and finan
cial circles, and no wise manager cared to
ineur obligation extending into the fall
months, which a tight money market might
interfere with. "The result has been a whole
some restraint in all directions, which,
though pinching severely in some quarters,
has left general trade in a sounder condition
than before in spite of tbe common com
plaints of dullness. The reduction of the
Bank of England rate means that the tension
in Europe is abating; that London Is pre
pared for all Russian demands for gold, and
has no immediate apprehension about send
ing gold back to the United States during
the fall months In return for such grain and
other produce as Europe will be obliged to
buy.
"Coincident with tbe removal of fears
about the foreign monetary situation, tbe
home outlook has also cleared and proves
more assuring. The Treasury is expected to
meet all obligations this fall; so that uneasi
ness on that score is set at rest. The West
ern bank reserves are larger than usual, and
each year the West grows more independent
of Eastern aid. Then, too, the money now
in circulation in the united States stands at
about $1,504,000,009, a larger sum than ever
before at this season, and larger also than at
the times of heaviest crop demands. In 18S8,
the year of big crops, the total circulation
was $1,371,000,000, while now tbe amount in
circulation is $1,C01;000,000, a showing of $133,
000 000 in favor ot this year. JTnrtherevidence
of confidence in the future of money is shown
by freer offerings in time money, extending
from 60 days to eight months. Merchandise
imports, though smaller than a year ago, are
still running in excess of exports, creating
an adverse balance; but the probability is
that this will be settled later on in other
ways than by gold shipments: though,
should further amounts leave, no concern
need be felt unless they reach much larger
figures than now seem possible. In the event
of additional shipments of the precious
metal, it will be duo to the fact that we
have, as usual, but little else to send forward
at this season of the year. 1$ is the period
between hay and grass, as it were, in our
crops.
"The wheat and corn crops are far the
most important of any single influence
affecting the future of stocks. Indications
suggest the possibility of the largest wheat
crop on record, estimates varying from 6Q0,
000,000 to 550000,000 bushels. These figures
shouldleave a surplus of about 1SO,OCO,000 to
200,000,000 bushels for export. If prices only
aflorda reasonable profit to growers, and
the shortage in Europe renders it likely that
they will, it is easy to see the effect ot such
a harvest, not only upon the interior, but
upon the trade, railroad and financial inter
ests of the whole country. Europe will have
to take our wheat and pay us in gold. Our
securities will become intrinsically betterin
the opinion ef both home and foreign hold
ers. In short, should present hopes con
cerning the harvest be realized, it would
Impart a degree of prosperity such as has
not been seen for several years past. Our
opinion regarding the immediate future is
hopeful, and favorable to a moderate im
provement in tbo business conditions. Com
fortable money, moderate prices for stocks
and good crops are sufficient to counterbal
ance all the weak points discoverable at
this time."
The following table shows the prices of active
stocks on the New York Stock Exchange yester
day. Corrected dally for TnE DISPATCH by WHIT
NET & STXNUji SON, oldest Pittsburg members of
the New York Stock Exchange, 57 Fourth avenue:
Uo
E3-
Am.CottonOll
Am. Cotton Oil pfd
Am.Sugar Refining Co....
Am.Sugar Refining Oo.pfd.
82
S2
Attn.. Ton.
.A S.
82JC
325
3234
Canadian PacUc,
r&nmda Southern
Central of New Jersey
Central Pacific
.Chesapeake and Ohio
C. AO.. 1st pfd
C. 4 0., 2d pfd ....
Chicago Gas Trust........
C, Bur. and Qulncy.......
C Mil. and St.Paul
C. Mil. & St. P. pfd. .....
C. Kock I. & P
,C, St. P.M. &0
C, St. P. M 4 O. pfd
C. 4 Northwestern
C. & Northwestern, pfd...
C..C., CAl"
Col. Coal 4 Iron .
Col. 4 HocklngVal. ....
Del., Lack. 4 West
Del. 4 Hudson .....
Den. 4 Rio Grande
Den. 4 Rio Grande, pfd...
E.T., Va. 4Ga ,
Illinois Central ,
Lake Erie 4 West
Lake Erie 4 West., pffl...,
Lake Shore 4 M. 3. ....-.
LonlsvlUe 4 NashvUU
Mlchlgaa Central
Mobile 4 Ohio
Missouri Pacific
National Cordare Co
KStf
109M
109M
54X
Hi.
64
nx
na
71
w
BOH
35
25H
13S
35!
2S
23
13S
138X
1233,
130i!
SM
681
68
"fax
74
72X
41
88!
ran
101
63H!
101)2
103vS
101?.
National Cordage Co.,pref
104
104
itai. ijeaa rrusi....
New York Central.
N.Y.. C. St. L..
13J
U
12
N. Y C. 4 St. L., lstpf..
09
03
0
Si. X ., U. ASE.U, 2api..
N.Y..L.E. 4W
N. Y., L. E. 4 W., pref...
N.Y.N. E
N.Y..O. 4. W
Norfolk 4 Western
Norfolk 4 Western, pref..
North American Co
Northern Pacific...
Northern Pacific, pref.....
Ohio 4 Mississippi
Oregon Improvement
Pacific Mall
Peo., Dec. 4 Evans
Philadelphia 4 Reading
P., C. C. A St. L
P.. C. C. 4 St. L.. pref...
Pullman Palace Car
Richmond 4 W. P. T
Richmond 4 W. P. T., pf.
St. Paul 4 nnluth
St. Paul 4 Duluth, pref....
St. Paul, Minn. & Man....
Texas Pacific
Union Pacific .
Wabash ....
Wabash, pref.. .............
Western Onion,. ......
Wheeling 4 L. E.
35
35)4
18
16
14
24M
7)
MX
24X
7X
24)2
7i
44K
44
44H
22X
so
35
75H
22M
89
35
7W
35J
78 I
Wheeling 4 L. E.. pref....
ExHilTldend.
Philadelphia Stocks.
Closhiff nuotatlons of Philadelphia stock, tvr
nlshed by Whitney A Stephenson, brokers. No. 57
fQlinn avenue, memners .new iorr stoec x
chanze: Bid. Asked.
Pennsylvania Railroad .. 5o) KM
Reading log 1513-18
Buffalo, New Tork and Fhlladel'a. 7 7U
Lefalgh Valley KK SH
Northern Pacific .. 24K Uti
Northern Pacific preferred. 67H 87tf
Lehigh Navigation 4S!i 47
Philadelphia and Erie 29X
Mining Stock Quotations.
New Iobb:, June 20. Alice, 165: Adams Con
solidated, 180: Aspen, 200; Belcher, 170: Best
& Belcher, 300; Choilar, 240; Crown Points,
160; Consolidated California and Virginia,
900; Deadwood, 130; Eureka Consolidated, 350;
Gould and Curry, 170: Hale and Norcross,
220; HomestRke, 1037K; Horn Silver, 335;
Iron Silver, 100; Mexican, 250: Mutual Mining
and Smelting Company, 220; Ontario, 3800;
Ophir, 400: Plymouth, 300; Savage, 175: Sierra
Nevada, 220: Potosi, 375; Union Consolidated,
225; TeUow Jacket, 200.
THE WEES IN OIL.
Very Little Trading, With a Bearish Feeling
at the Bottom.
There were a few trades last week,
hut not enough to make a market. A small
Jag changed hands yesterday at 66o, which
was the only hid made. The highest point
touched during the week was 6Sc, and the
lowest 65c
Refined was quoted in New Tork at T.10, a
decline of 5 points; in London at 5J& and in
Antwerp at 16J, a fractional advance.
Each of tho items of runs, shipments and
charters showed a small increase.
The apathy on 'Change was emphasized
by a feeling of depression in the field.
There whs a disposition to do something to
relieve the strain, but nothing feasible for
immedin to -adoption was undertaken.
Clevelasd. June 19. Petroleum quiet; S.
W. 110, GJc; 71 gasolino, Sc; 85 gasoline, 10c;
63 napntnn, bkc. .
New York, June 20. Petroleum to-day was
dull and featureless, only one transaction
beinir recorded in the two hours of business.
July option, s3les,7,C0J barrels: opening, STJc;
his-nest. 67Vfc: lowest. Slhic: rlosimr. 67Aic.
lgnest, oic; lowest, oty::
Trncv. Wilson Co.. SO
r a '.. .. .: '
, Wilson it ua. o 1 ourtn avenue.
qutfto puts, GGJ: calls 6SJ4.
LIVE STOCK MARKETS.
Receipts, Shipments and Prices at East Lib
erty and All Other Yards.
Onici ot PiTTSBUito Dispatch, )
Saturday, June 20.
Cattle Receipts, 672 head; shipments, 501
head. Market, nothing doing; all through
consignments; no cattle shipped to New
York.
Hogs Receipts, 3,100 head; shipments, 3,450
head. Market steady; Philadclphlas, $4 75
1 80; best Yorkers and mixed, $4 604 75;
common to fair Yorkers, J4 404 50; pigs,
$3 75Q425; 5 cars hogs shipped to New York
to-day.
Sheep Receipts, 800 head; shipments, 600
head. Market dull at unchanged prices.
BADQE3 for lodges and societies at Mo
Hahea Bro. 4 iuusu', Bi JToBrtk tmu
eight; houbs fob cohvicts.
The TrTin Penitentiary Directors Refuse
to Obey the New Law.
Toteka, June 20. The controversy over
the eight-hour law has been brought to an
issue. Attorney General Ives received a
letter this morning from President Martin
dale of the State Penitentiary Board of
Directors, refusing to comply with the law.
The letter is in response to one written by
the Attorney General at the request of the
Governor demanding that the Board of
Directors see that the law be rigidly en
1 forced.
President Martindaie oivs "iat he does
not consider that the law applies to the pen
itentiary. It is probable that the Governor
will Instruct the Attorney General to insti
tute quo warrento proceedings against thf
'board in the Supreme Court.
JAILED 102 CONTEMPT.
The Court Lays a Heavy Hand on a Tardy
Husband.
S. D. Hedger was taken before Judge Col
lier yesterday on an attachment for con
tempt of court. On December 24 Hedger
was ordered to pay his wife $10 a month
alimony and $25 for counsel fees in her rait
against him for divorce. He became in
arrears and neglected to pay, and on peti
tion of Mrs. Hedger the attachment for con
tempt was issued.
Hedger had no good excuse 'to make for
his neglect to pay, and he was directed to
he committed to jail until he paid or the
court made a further order.
SICK HEADACHECartert uttte LrrerKDa,
SICK HEAD ACHKCarter, uta) Ura p
SICK. HEADACHE
'Carter's Little Liver Pm.
SICK HEADACHE0lrter,g jJ lAnt rjS
I have apositivo remedy for tbe above disease; by Km
use thousands of eases of tho wont kind and of long
fjanding have been cared. Indeed to strong la my filth
bits efficacy, UutIwmsentTWODOTTXsanxz,ith
a VALUABLE TSEATtSE on thla disarotoanrral.
tarerwho wIH send me their Express and P.O. adding,
9. A. eiocnm, BI. C, 181 Pearl Su, N. X
de30-C5-snwk
THE LOOMIS
IMPROVED
WATER FILTER
Filters all water for
Manufacturing, Steam
ing, Domestio Purposes.
Call and see model in
operation.
Send, for Catalogue and
Price List.
Trautman&Kirk,
Agents,
411 SMITHFIELD ST,
1803 CAESOX SOI,
Sonthsido.
a.plM3J-acwT3n.
BBOKEBS-ITNANCIAL.
Whitney & Stephenson,
57 Fourth Avenue.
apSO-SB
FAHNESTOCK & CO.,
BACKERS ASD BROKERS.
No. 2 Wall Street, New York.
Supply selected investment bonds for cash,
or In exchange for marketable securities.
Execute commission orders for investors
at the Stock Exchange or in the open mar
ket. Pumish information respecting bonds.
apl2-139-Trsu
John M. Oakley & Co.,
BANKERS AND BROKERS.
Stocks, Bonds, Grain, Petroleum.
Private wire to New Tork and Chicago.
45 SIXTH ST, Pittsburg.
MEDICAL.
DOCTOR
WHSTTI
814 TENN AVENUE, PITTSBURG, PA.
As old residents know and hack ales ot
I Pittsburg papers prove, is the oldest estab
lished anu most prominent physician In the
ciiy, uovuifUispeuuii uibcjiuuii w aiiciirnnia
SnTre-NO FEE UNTIL CURED
sponsible Mrpni IP and mental dis
persons. I Lit V UUO eases, physical de
cay, nervous debility, lack of energy, ambi
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sight, self distrust, hashfulness, dizziness,
sleeplessness, pimples, eruptions, impover
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ness, dyspepsia, constipation, consumption.
unfitting the person forbusiness, society and
marriage, permanently, safely and privately
icnureadn BLOOD AND SKlfe'S
eruptions, blotches, falling hair, bones, pains,
glandular swellings, ulcerations of the
tongue, mouth, throat, ulcers, old sores, are
cured for life, and blood poisons thoroughly
eradicated from 1 1 D I M A D V kidney and
tho system. U fll IN rtfl I t bladder de
rangements, weak back, gravel, catarrhal
dlcharges, inflammation and other painful
symptoms receive searching treatment,
promptrelief and real cures.
Dr. whittier's life-long, extensive experi
ence insures scientific, and reliable treatment
on common sense principles. Consultation
free. Patients at a distance as carofullr
treated as if here. Office hours, 9 x. it. to J
r. Jf. Sundav, 10 a. m. tolr. m. only. DR.
WHITTIEE811 Penn avenue, Pittsburg, Pa.
JaS-49-nsuwk
. VIGOR OF MEN
Easily, Quickly, Permanently RESTORED.
"WEAKNESS. NERVOUSNESS, DEBILITY",
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sickness, worry, etc. Fall strength, development!
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lmpossiDie. z,tuj rciercnces. .hook, explanation
ana nroois manea tseaieuj ir
EBJE MEDICAL CO.,
nmoffl mailed (sealedl free. Addresd
, nujiXAU), n. x.
eio-H
1 CURE FITS !
"When I say cars I do not mean nserelj tostoptbea
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LEPSY or FALLDfa SICKNESS a Ufa-long stndj. Z
warrant mr remedy to cure tho worst cases. Because
ethers have failed is no reason for not now receiving fj
cure. Sendatonoafor a troatisa andaTraaBottlaot
joy infallible remedy. Giva Express and Port OSes.
H. tJ. liOOT, JJI. C- IS3 Pcnrl Ht N. V.
FREE TO- Um
VTehATe a poltlTO care for th effects of self bam
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we will send odo fall mnnrh'a mft!clno and maafc
TmluAble Information FREE. Addreft
- 33. Co., S3S UroaUway, IVctt York.
myl3-I2i-su
r ABG0KFDRTHEMILL10N TXZZ
rQME TREATMENT!
. rr 1 in m-uiwnk Lbbwiniwu
.Tor all CHRONIC, 0EGA1TI0 arf
NZRVOTJS DISEASES in both sexes,
Bava Belt till vob read tali bAAk.ASdpM.
THE PERU CHEMICAL CO., MILWABKE.VU
TTSS
TO WEAK MEN'
Suffering froaf.
tns enacts 01
voutnfnl error.
early decay, wasting weakness, lost manhood, eta
I wul send a valuable treatlso ("aled) catanung
RUl parucniara lor noma euro, jri&j tu. enmrza.
A splendid medical work: should be read by every
man who Is nervous and debilitated. Address
ProC- F. 0- FOWI.EB, SXoodos, Coaa.
de2-31-DSuwk
DEA
INES8 &HU3 R9UES CIIEID
feck's invisible TUIIUI AI
CSiHinS. nntopersneara. Com.
ortabl. ud self adhutli
sacotsaraiwner. au anit
STWairi7i
ssfaf'J
Vtatm
JIEIL