THE PHTTSBUKG DISPATCH, SUNDAY, OCTOBER 11, 1891 19 MODERATE DRINKING. The Diversity of Opinion Among Sci entists Now Discussing It. EDISOxVSXEWSTItEET CAR SYSTEM A Statistical and Sociological Discussion of Rapid Transit. LATE AITLICATIOa'S OF BCIEKCE rWRITTEX POR TIIE DISPATCH. An interesting discussion has been going on in thi English papers on the relative ad vantages of "tcetotalism" and the moderate use of alcohol. If anyone had been inclined to think that such a discussion would be in any way one-sided, his belief would be promptly changed by the Hood of letters which has poured in from all quarters of the country expressing widely differing views on the subject Dr. J. Mortimer Glanville, by whom the agitation was started, Eays that incalculable harm has been done to the average organism, with its Junctions, which wc are wont to classify as mental and physical, by the spread of teeto tal views and practices. Dr. Glanville says there is less stamina in the life of the average Englishman now than there was 40 years ago. He mar live a little longer, but he is not so well able to resist the invading germs of disease or to recover from the debilitating effects of such an in vasion as he was when good wine and sound ale formed integral parts of his daily diet. He has lost some, if not much, of the prac tical advantage due to the diminution of preventable maladies by improved sanita tion, because he has allowed his organic life to fall to a grade lower in vital energy than that which previously protected him against perils greater than those which now beset him. "With reference to the statement made by the advocates of "temperance" that the increase of insanity is due to drink, Dr. Glanville says, that even if insanity has in creased, which is not clearly proved, he "doubts whether, of the great bulk of gen eral practitioner who have opportunities of collecting information on the subject any large number could compile twenty cases, falling under their individual observation of persons who habitually drank freely and became insane. "Meanwhile," he continues, "a calm and careful survey of the statistical and clinical facts will show that not a few diseases, such M consumption, cancer, specific maladies of low type for example, diphtheria, the worst forms of gout, nerve troubles and a host of minor ailments having for their proximate, if not ultimate, causes those de pressed and anhenic conditions of vital force in the organism which render it, as a whole, weak in the presence of its enemies, and, as to its constituent parts, prone to the degradation or oreamc types ot Hie nave developed and extended their ravages since the practice of substituting "table waters and watery wines for sound malt and grape fermented beverages has sprung into fash Ion at the instance of the temperance advo cates. These are grave assertions to make, but I am persuaded that the timeTias come when those who do not share the views it Is fashionable to profess ought to declare themselves." On the other hand a physician of un doubted eminence states: "Wherever two bodies of people can be fairly compared, one abstaining and the other not, the advantage lies with the abstainers. For strength, en durance and every kind of vigor for work or for play, other things being equal, the ab stainer wins. Alcohol is a drag on the na tion, and the only people who fear its de parture are the doctors." Another duthoritf says: 'It is quite cer tain that alcohol, n hen" rightly understood and wisely used, is a most blessed gift of Providence. It may best be described as a medicinal food. Let it be taken as food, as medicine or as a luxury, but not to quench thirst in the place of those unfermented liquors which are essential to health as diluents and solvents. Those who habitu ally take alcohol daily should abstain from it entire! v a few davs now and then." An entirely different phase of the case isj suggested by tbe letter ot "A House holder.'Vho thinks that if the people are to be persuaded to become tectotalers.some way must be found of .making provision" cheaper or incomes larger. Speaking from a long experience, the Iadv observes: "I can feed a man on 10 shillings a week, with plain wholesome food and a quart of beer a day, but a teetotaler eats such an immense quan tity that he cannot befed at theaine price." One of the writers on the anti-alcoholic tide attributed the decreased death rate in the British navy to the diminution of drinking, w hereupon a naval officer wrote to declare that ihe improvement in the health of the sailors must be ascribed not to their drinking less liquor but to their drinkiug better water. Distilled water is the secret, he insists, of the improved sani tary condition, and he says further: 'As far as alcoholic beverages are concerned, there is very much more drinking and in comparably less drunkennc-s in the navy than thcie used to be. The officers anil men of that sen ice are more sober than any other class of Englishmen. Both among sailors and officers drunkenness is comparatielv rare, but the teetotalers have had not the smallest share in bringing this about." b As confirming this writer, it is fouud that wine merchants who have supplied naval messes for generations state that the stock which they put on board a ship in these days is much greater than that re quired say 40 years ago for each head of the ship's mess supplied. A Sociological View or It. Oscar T. Crosby, who has contributed some valuable data to the literature of verv rapid transit, has been showing the value of the electric railway for purposes of rest, recreation, and comfort of society at large, and from manv other standpoints. He points out that there are now 33,700 street railway cars of all kinds in operation. They make per annum about 490,000,000 miles of service. Careful estimates bbow that 4 cents a mile is the economy to be effected by the universal use of electric cars instead of horse cars. The saving to society in such a eve is expressed in' monev at about ?19,C00,000 per annum. This means that 19,GOO,000 of man days of labor may every year be withdrawn from present industries without diminish ing the total product of society in the shape of things desirable to eat, drink, wear or read. Otherwise expressed, it means that 53,700 men who are now at work, engaged directly or indirectly in street car propulsion, may, every day after the substitution, stop working. Mr. Crosby further shows that to make the car mileage figure gener lly accepted, namely 490,000, 000 per annum, "900.000 tons of coal must be burned. To get out this 908,000 tons of coal per annum will reuuire the constant service of 1,200 miner, besides the services of the men engaged m the commercial handling and transportation of the coal to the power houses. jVr the manufacture of the orig inal installations of 33,000 cars there must be employed 42,000 per day, estimating that the work of installation shall extend over ten years, and under standing that in this are covered the engines, dynamos, motor? and line ma terial, but not new cars, trucks or rails. It is thus seen that 80,000 people are daily di verted lor the next ten years from previous occupations to the installation and mainte nance of electric railways just sufficient to replace cars now running. Jlr. Crosby finds that the saving in labor of dispensing with the feeding and grooming of the horse will nake a lurthcr G7,000 man-days avail able for useful work, and that a large part of those engaged in raising grain and horses will be drafted into machine shops to make motors, or, on a smaller scale, into coal mining, etc.; irf other words, the manufac tu e of electric motors and machinery wjll absorb a considerable part of the liigher class of labor engaged in general mechan ical pursuits, while the void thus left will be filled lrom the agricultural element. "With regard to the saving in time of indi vidual passengers. Mr. Crosby supposes the average schedule of speed of horse cars to be six miles and electric cars to be over nine miles per hour. The gain in time would thus be 3 minutes per mile. During the year ending June 30, 1S90, there was a total 2,000,000,000 of passengers carried. The av erage distance traveled by each of these may be assumed at about half a mile, hence a saving is shown of 3,500,000,000 of man minutes, equivalent to about 58,000,000 of man-hours, or 5,800,000 man-days, the day of labor being taken at ten hours. This for the whole year would amount to 16,000 man days per day. After discussing the matter from a statis tical point, Mr. Crosby refers to the aesthetic advantages of the electric car service: "We have the indefinite but large value resulting from the more pleasurable sensation with which we are all familiar of riding on the electric cars. This is due in a measure to greater speed, which is in itself a satisfac tion, and from the relief which comes from seeing that sentient organisms are no longer suffering in our service and before our eyes." Many Fraudulent Coffee. Various zealous authorities have been doing the public a service in calling atten tion to the quantity of imitation coffee which is yearly foisted upon the consumers of the beverage in this country. These imitations are largely manufactured in Germany, and are described by the manu facturers in their circulars to the dealers in this country as being possessed of mar velous virtues, and as being, in fact, preferable on some accounts, to the genuine article. The dealer is seldom deceived by this shallow artifice, but for the sake of the increased profit, he con dones the deception. Wheat, flour and bran mixed with molasses 6eems to be the favorite materials for the manufacture of imitation coffees. A damaged or worth less quality of flour is selected, and refuse crackers and other watte of bakeries supply a portion of the material employed. A fac tory recently seized in France employed a mixture containing 500 grammes ot ferrous sulphate, 15 kilos of chicory and 35 kilos of nour. oucn araixiuie as ima is oenuu&iy detrimental to health, and in a late paper on the subject Prof. Spencer urges pur chasers of coffee to be extremely careful and to purchase only of reputable dealers if they wish to insure their obtaining sound and wholesome coffee. Electric Lighting or Churches. A grave quest on is now being considered in England, to wit, the lighting of the dome of St Paul's Cathedral by electricity. The redecoration of the interior of the magnifi cent dome is now progressing, and the artistic work which is being done, will soon be spoiled it submitted to the ravages of the rows of gas jets which are at present placed immediately below the paintings. In a few years the colors must inevitably lose their brightness, and become as gloomy as other Earts of the structure where gas flames have ad their murkv wav. The lisrhtim? of the other parts of ttie cathedral is miserably in adequate, and although there is a large sec tion of the community who would preserve the "dim religious light" at all hazards, and who would think that the introduction of the electrio light would have "a theatrical tendency," there are others who realize that no think is lost by adding to the cheerful ness or the house of worship, and that a good deal of destruction and disfigurement is saved by the use of a bright, clean and harmless light New Electric Traction. The announcement that Mr. Edison has devised a new system of electrio traction for street cars is made at a moment when such a system, if successful, is sure to be widely adopted. The great opposition which the trolley has met in various cities has caused the loeal companies to hesitate in determining on the use of' electrio traction. Now, however, that the main objection to the trolley, the overhead wires, may be dispensed with, communities that have hitherto held aloof from electric trac tion will rapidly give in their adiierence to a method of traction that increases their comforts, saves their time, and improves the value of their city lots. Mr. Edison's invention involves the taking of current direct from the rails, and its use will in volve a cost far less than that of the cable system. It is stated as more than likelv that many street railway companies which have commenced to lay cable roads, or are proposing to do so, will now take steps to utilize this, the latest application of elec tricity to street car propulsion. Exhibiting the Sevres Process. One of the most attractive of the exhibits at the Frankfurt Exposition is that in which the process of manufacturing the celebrated Sevres china is shown to the public Bohemian girls attired in their national costume manipulate the plastic clay and wax into lifelike leaves and birds. The mass is then placed in a furnace and the heat is so regulated as to solidify the substance without the least fracture. A second furnace evaporates all that is left of the wax, leaving a very friable, dead white china flower. On this the coloring artist reproduces the delicate shading of the nat ural flower, and the article is then again placed in the furnace to burn the color. The process of making china lace is quite as in teresting and infinitely more beautiful. Fig. urci are draped in real lace, which has been steeped in a solution of china paste. When these are placed in a furnace the in tense heat reduces the real lace to powder, leaving the fac-simile in porcelain in its place. Improved Contact Trolley WhoeL In the operation of overhead electric rail ways considerable annoyance has been ex perienced from the sparking at the trolley wheel, due to insufficient c6ntact with the trolley wire. An ingenious way of over coming this difficulty has been designed, and consists of a wheel in which contact is obtained at several points simultaneously. The wheel Is composed of a helical con ductor, the convolutions of which yield under the pressure of the wheel upon the wire to such an extent that several of them are always in contact, so that, in case one part of the wheel should fail to connect with the trolley wire, a sure connection would be maintained by one or more of the convolutions. Using Rivers for Electricity. Among the many evidences which have lately appearc i of the tendency in Europe to utilize waterpower in various forms for the generation of electricity is the discu sion which has just been held in Aberdeen, Scotland, as to the utilization of the waters of the Dee and Don rivers A Loudon electrical engineer was willing to make a contract with the city to work his system, by which he proposed to derive from tho rivers enough power to light the city elec trically. His proposition was to put motors in the river and to utilize theiallofthe water at four different places. The Telegraph In Wr. During the autumn maneuvers of the Austrian cavalry a telegraphic equipment, specially designed for field use, was tested and gave complete satisfaction. The ap paratus and batteries were placed in two smail boxes, olc of which could be conven iently carried each side of a saddle. A line of 20 kilometers was laid in two hours. Each of the 41 regiments which took part in the maneuvers was provided with one of these portable sets of apparatus, and the results of their working were uniformly successful. TRADE OF THE WEEK. The Sharp Turns Taken by the local Banks Criticised. THE TVEEK CLOSES WITH A SHIP In Eeal Estate, as Shown by Several Good Deals Canght on the Fly. NEW INDUSTRIES FOE ALLEGHENY Keither in the case of the Hoorhead McCleane Company embarrassment nor in that of the Oliver & Koberts Company, has the cause been from loss to the concerns, but en account of some of the banks insist ing on the immediate payment of notes of which there had been expectation of re newal in whole or part. While the right of banking institutions to protect themselves is of course conceded, there has been not a little questioning in business circles as to the wisdom of a sharp withdrawal of ac commodations. The most reliable state ments in regard to both of the important establishments named is that there could bo no question of their entire solvency, or that their business is profitable. The ex tension which was granted with perfect con fidence to the JIoorhead-McCleane Com pany was based upon an exhibit of assets far exceeding liabilities. A similar exten sion will be granted doubtless in the latter instance. The Highest Figaro Yet The price 5100,000, paid for the Messier property on Smithfield street during the weejv represents someming over tj per 6quare foot This is the highest figure yet paid for Pittsburg property. It shows that the tiend of traffic to Smithfield street since the opening of tho new postofilce Is going to have an important effect on values in that quarter. Another Northslde Deal. Allegheny City is to have a new manu facturing concern of erreat importance. Yes terday Black & Baird sold tor Mrs. Janet P. Campbell to the Pittsburg Brass Company, the property known as-No. 11 Locust street, consisting of about thre -Quarters of an acio of ground and a good two-story brick dwelling, for $25,000. The purchasers will immediately begin the erection of a largo building for the manufacture or" a general line of brass goods and lamps. The entire plant will cost in the neighborhood of $100,000. Bonds Looking Up. In regard to the bond market a specialist has this to say: "The real key to tho situa tion is the bond market This has been very disappointing to dato, but bankers be lieve they see indications of an increased demand. When capital is sufficiently con fident that the outlook favirs stable condi tions commercialy, financially and poli tically, then it will absorb the bonds now seekins sale, and tho load that has been hanging over the market will be lifted, and the money thus obtaind will do its work in stimulating every interest in the country." Brewery Property Picked Up. It was learned yesterday from a private source that the Thomas Booth brewery property, on Rebecca, street, First ward, Allegheny, hadjust changed ownership at about $20,0-0. It consists of a lot 108x145 and several old buildings, which will be torn aovn to make room for a manufacturing concern. Adding to the Churches. A permit was taken out yesterday by the trustees of the Church of the Good Shep herd (Episcopal) for a stone ' one-story church edifice at the corner of Second ave nue and Johnson street. Twenty-third ward. Tho depth of the main building will be 64 feet and the height of tho first story 30 feet. The estimated cost is $10,800. Other permits weio issued to JohnShery for a frame two-storv dwelling on Cust street, Twenty-third ward, to cost $1,S00, and to J. C. Stevenson for a brick two-story dwelling on Lytle street, to cost $3,900. A New Industry. A company for the manufacture of enam eled bricks and tiles is about to be organized in Pittsburg. Tho patentees ot the enamel ing process are G. G. and Julius A. Conn, tho well-known Southsiders. Tho company has several sites offered in the vicinity of Pittsburg, but has not so tar accepted any. The capitalization will likely be $100,000. Buildings for the Week. Building was active the past week. Tho number and estimated cost of the improve ments for which permits are issued are shown in the following table: Permits. Buildings. 19 15 8 10 Vnluo. 31,595 IS, 450 4,500 85,900 11,145 16,900 6114.410 1224,399 .... 2.471 Monday..... Tuesday.... Wednesday. Thursday.., 8 8 10 12 4 4 Friday, catuiday Total... , 44 52 69 Previous week., . 65 Buildings for the Tear to date. Business News and Gossip. Oil traders think the Standard is favorable to speculation. There is many a slip. Five important deals in real estate wero consummated and reported in this column during the week. They involve $227,000. The lot market wa very active. The tendency of the local stock market last week was upward. With two exceptions everything on the aotivo list finished the week with a gain. A street, railway company has been organ ized at Scottdale with a capital of $50,000. J. D. Hill is Piesident. Holders of Westinghouse air-brake stock yesterday commenced receiving checks for the 5 per cent dividend. The general impression on the street yes teiday was thatthe Oliver-Koberts difficulty would soon be fixed up. The September fire loss of the United States and C-inada nmounted to $10,658,200, against $6,913,700 in 1S90. K. B. Ivory lias sold to Maude Eohm a resi dence property in feewlckley for $16 000. On call vesterdav 105 was bid fur Citizens' Traction 5's, and 103 for Pittsburg Traction 5's. There is a strong demand for down-town business property, a good deal of it from outside sources. Movements In Eealty. J. B. Larkin & Co. sold lor J. H. Branthover to Frank Y. Over tho lease, furniture and fixtures of Branthover's Hotel, on Pranks town avenue. East End, for $4,003 cash. Baxter, Thompson & Co. sold to Thomas Crawford lot No. 231, Bank of Commerce ad dition plan, Brushton station, size 40vl37 feet, with a two-story frame house of six rooms,-for $2,200; also lot No. 114, Euch Place, fronting 22 feet on Buch avenue and extending back 120 fept to a 20-foot alley, for $250; also lot No. 410, Butler place plan, Eighteenth ward, fronting 20 feet on Mora ingside avenue by 100 feet, for $400. Black & Baird sold to August Fristchlot No. 2 in It. IL nay's plan of Valley View Piace addition, Nineteenth ward, forjtso. Morris &AisbiU sold lotNo.OSOinSchenley View Place to George E. Hemnhill for $400; also two lots in Eeymer Place, Cnifton, to I. J. Duval for $750. S. J. Fleming som tor Albert Bentiey to Mrs. Margaret Schaill, of Idlewood, a frame dwelling of six rooms, with lot Slxicn feet, on Chartiers street, Ialewood. for $.!,160 cash; also sold lor the estate ot William Ward to Trof. C. B. Wood lots 7 and S, in the Farrow plan, Wvlie avenue, 5S !eet iront, lor $2 6i5; also sold for C. E. Cornelius to J. H. Aaron two lots in the Sawjer plan for $300 each; also sold lot 175 on Kidgo street. Thirteenth ward. 22x125 leet. for $1,000. A. Z. Byers & Co. sold to the Park nomo Btcad Loan and Trust Company a new iramo house of six rooms, hull and vestibule, with lot 35x105, on Harrison avenue, N. S. Land Association plan, West Bellevne, Pittsburg, Ft. Wavnc & Chicago Ihiilrodd, for $2,500. M. F.Hipnel & Co. sold to W. S. McCul lough and J. C. ltobinon, of Sharpsburg, an interest in the Keystone Manufacturing Company, which has a paid up capital of $15,000. Charles Somcrs & Co. report tho following additional Eales of lots in Blaine: Nathan II. Jones, McKee's Kock, lots, in block 12, $150: .lames M. BrosW, Kittanning, Ph., lot 73 and one half of lot 72, ip block 12, $725 fT all; IL Eodcky, city, lot 19, in block 12, $150; Thonins McKinley. Fianklin, Pa., loti'4, in block 9, $400; P. Kneer, Allegheny, lots 22 and 23, in block 10, $800 for both: John Schriover, city, lot 60, in block 9, $100: F. A. Strousor, city, lot CO, in block 13. $400: Sarah Taylor, Allegheny, lot 20, in block 5, $250; B. A. Em lenton, Southside, city, lot 8, in block 8,. $450. Trice of Bar Silver. NkwYoex, Oct. 10. Special. Bar Bilver In London, 4413-16U per ounce; New York dealers' price lor bilver, 97J.c per - - HOME SECURITIES. A FAIRLY GOOD WEEK ON 'CHANGE AND IN THE OFFICES. Sellers Hold Back hue Considerable Busi ness Notwithstanding Everything on the Active List Closes Higher for the Week With Two Exceptions Leading Features. The local stock market developed nothing of peculiar interest during the week outside of u disposition of holders to tighten their grip and a corresponding stiffening in values. There was a liberal supply of buy ing orders, but the most of them could not be filled and were hold over. The leaders in activity were Philadelphia Gas, Birmingham and Manchester Traction in the order named. Ofllco trading included some good sized lots of Pittsburg and Birmingham Traction, Philadelphia Gas and Luster. There were several deals in local bonds, but particulars were withheld. Alto gether tho week's o Derations were the lar gest and most satisfactory for months. Closing prices for the week, as compared with thoso of the previous Satuniay, show tho following changes: Monongaheta Na tional Bank gained $2, Pittsbui-g Traction $1, New York and Cleveland Gas Coal ii, Luster , Electric i. Switch and Signal 1, Under ground Cable K. Philadelphia Gas and Cen tral Traction lost each. Sales on call for tho week aegregated 2 091 shores, -against 890 the previous week. Those of yesterdnv wero 60 shares of Phila delphia Gas at 10. EO at 1( 6 Pittsburg Traction at 43, and 70 Birmingham Traction at 10. Final bids and offers follow: BAKE STOCKS. Bid. Artrd. Allegheny National Bank M Keystone Bank of Pittsburg 81 .... Liberty National Bank 103J 105 Marine National Bank 108)5 .... Monongrahela NationalBank 132 .... Odd Fellows' Savlnes Bank 70 .... Pittsburg National Bank of Commerce.283 .... People's National Bank 178 133 Peoples' Savings Bank of rittoborg....l45 .... German National, Allegheny 172 .... Heal Estate Loan and Trust Co 78 .... IXSUBAXCX STOCKS. Allegheny Insurance Co.. Bid. Asked. 62VJ 20 S7 69 1,2 60 Asked. vitr. Citizens Man. 4 Mer Teutonla. Western Insurance Co NATCBAI, GAS STOCKS. Charters "Valley Gas Co Manufacturers' Gas Co Ohio Vallnv ld. ,. 5 .. 25 People's Nat. Gas and PlpeageCo Philadelphia Co 7 lotf log TASSEXCEB EAIMVAT STOCKS. Bid. Asked, Ufrrrrai Traction ... Cltlzens'Tractlon ., PlttsburgTraction , Pleasant valley. , BAILEOAD STOCKS, MX 21 61 ! ii" . 23X 24 Bid. Asked, 4 Aherhenv Vallcv Chartlers Railway Pittsburg, Toungstown and Ashtabula 33 Plttjburg, Yoangst'n and Ash'lapref. 60 40 COAL STOCKS. Bid. Asked, N. T. O. Gas Coal Co .. . SDf .... MINLNO STOCKS. Bid. Asked. RedCIond 3 LaNoria Mining Co 25 85 Luster Mining Co lltf 12 XLSCTRIO LIGHT STOCKS. Bid. Asked. Westrnghouse 143J 15 MISCELLANEOUS STOCKS. Bid. Asked. Monongahela water Co ., Union Switch and Signal Co Union Switch and Signal Co. pref. Standard Underground Cable Co.. ...27 28 ... 9 11 "J, 65 ,61)i DULL AND SLOW. HOCKING TALLEY THE ONLY ACUTE STOCKS ON WALL STltEET. A Strong Opening, Dot Everything Seemed to Weaken Under the Pressure New Bond and Stock Issues a Significant Feature. New York, Oct. 10, The stock market to day was very dull, and whilo showing a strong tone in tho early trading, weakened under renewed pressure toward the close, and the early gains were entfiely wiped out except in a fow cases. The dealings re tained their professional character, and no outside interest could bo discovered in the market, though the outsid ers took a hand in some of the Bneciarties, such manipulation being' most marked in Hocking Valley. There was an irregular but generally firm opening, and the traders who were inclined to discount a good bank statement and bought stocks to cover shorts as well as for the long account and small fractional advances, weiescoiod all along the line, while Hockinc Valley, which opened down , rose 1 percent. Tlie selling to realize uttne improvement, how ever, caused a recession in this stock.though tho price was held ton ard the close in the fnce of the weakness of the rest ot the list. Further selling on the impiove ment followed, and prices reacted all over the list, and with tho publication of the bank statement which showed again of over $1,000,000 in the surplus reserve, tbe selling assumed larger propor tions. Louisville and Nashville and Chicago Gasweio specially prominent in this later movement, and tlm former retired nearlv 1 per cent and tho latter 1 from its best figure, closing at tho lowest. The pressme was extended to the entire list, but it did not affect the Nickel Plate stocks, which held on to all they had gained, nor to Louisville, St. Louis and Texas, which rose from 15 to lflK, closing at the highest point. Abettor teeling marked the close, how over, which was dull and faiilyfinn nt a sbauo under the opening prices. The final changes nio generally small losses, but not one of importance was seen. Governments have been dull and steady. State bonds have been entiiely neglected. The Post says: The sentiment of the in vesting community is to bo tested in the next month or two as it has not been in more than a year. Indeed, the announcements of new bond or stock issues by the railioads is decidedly the most significant featmo of the present situation. Two further pi oposed issues aro announced to-day $2 000 000 new preferred stock bv the Hocking Valley, and $1,500,000 new equipment bonds by tho Lake Erie and Western. An issue of new slock probably smaller in amount than either of the above named figures has already been foie shadowed ny the Louisville and New Albany. The subscription lists to the $3,C00,O00new Westingliome preferred stock aie to be opened this week, and other similar offer ings are moi e or less vaguely rumored. Railroad Bonds in General Dull. Eailroad bonds were dull, but without feature outside of Hocking Valley issues, which are not only active for them, but very strong, especially the 5. The trading was only $474,500. Besides tho one mentioned, there were other material changes among the inactive issues. Following ai e tho high est and closing prices : Atchison In.. r3Kia 63!NYClst cp. .123M3)123K Firsts 8-J.Ca 82'4 , A v ct St L Is. 93 93 9 99 Ore impSs.... 6 & 03 AC 0 8s C&O 5s Can Sou 1st.. C&E Ills 5s n X. s n ms. . .lOlVaiOWPenn 4).s C P.103 (cLim ,.1051)ir5Vllead!!lg 4s.. .. 80,5 80)j . vijw aty Firsts IM fa 63 .1U1 WlUl Seconds 49)a 49 R G W Is 76!(a 76( S L A & T H 2.1W);(ai04M SPOAM R..97H0 373 T S L i, K C 1st 67)i(3 87M T A A N M 1 94 ga 94 Erle2ds cons.105 tfvl05 Ureenhay In.. 34 ft 31 H V 6s SSlilrti 91' Fives 89 (St9 K.tT2ds 41!l 41 Lou & N Uni. 793 7'3, L E St L 1st S3.( f 3 L St L A T 1st. 84 S k3H Tenn Coal B.. 99 W 90 TP flrsts SSyr 83' Seconds 3(51 32 U P D & G Is. 72,4(& 72)i Wabash 2nds. 7S 78 W N Y&P2ds34 (S-'4 ji i"ir hi vu (a ,u North Pae 5s. Hi S 83 Ch&N P5s... 794'ia79J( Third US (ijioi N J fcxt5s...lC2)2102 First sVf mv w a coup lUlJKmiUj;- The total sales ot" stocks to-dav were UJ.C41 shares, including Atchison, 11,860; Chicnso Gils. 4.-.75; Erie, 6,400; Hockinsr Vnlley, 4,910; Louisville and Nashville, 6,200: M"isouri Pa cific, 3,220: North American, 2,690; Northern Pacific, prefen cd, 4 5C0; Reading, 3,720; St. Paul, 7,500; Union Pacific, 7.5J0. Dnll but Promising. John M. Oakley & Co.'s correspondents think this will bo a dull week. They say: "To-day's business was too small to in terest or amuse its observers. The bank statement was, as expected, very favorable, but Its publication did not Infuse any new life into speculation. On the contrary, the market in a way sold off a few fractions afterits, appearance. There weio no buyers, and the loice of gravity accentuated by a bear feeling seemed to control prices. Thoro is a good short interest in the Con solidated Exchange as shown by tho de mand from bears to borrow stocks and low rates. "The market Is so dead that traders are disposed to sell It short, thinking that hold ers will tire of their position. There is no bear news, and thero can hardly bo any bear campaign in the presence of the speculative outlook peculiarly promising. It is hard, however, to tori see the temporary moods of speculators, and momentarily they may go counter to the actual current which is car rying the roads to better times. "It will not do to stay short on past condi tions, even though they; send out prominent news for the first time. ' The roads are con fessing to necessities which they dared not admit before prosperity was assured. The closing did not hold out any encouragement to bulls, but despite this fact wo believe that the bull will average better than the bear side next week." The Finish In Stocks. The following table shows the prices of active stocks on tho New York Exchange yesterday. Corrected daily for The DispATCn by TVUITKET i Stei-iikxsox, oldest Pittsburg members of New lurnatocK nixcnange, 87 ourin avenue: Clos- Opcn High Low- Ing lug. est. est. bid. American Cotton Oil 25 American Cotton OIL pfd 41 Am. Sugar EeOnrng Co.... 8X 89)4 89 S9 Am. S. Keflnlng Co, pfd 85 Atch.. Top &S. F... I 44K 443j 44X 44J Canada Southern 595$ 59.V Wi 69 Central of New Jersey 119 119 1UH UH'4 Central Paciflc 34 Chesapeake and Ohio l&X 23Jj SStf C. JtO.,lstpfd 69 C. &0., 2d pfd Zi Chicago Oas Trust 53, 5.VA 52 WW C Bur. & Qulncv 99 99 98JS 93 C. Mil. & St. Panl 744 73 74 7H C. Mil. & St. Paul, pfd.... 117 117 Ilea 116 C, Rockl.&P 83M 83 83 82 C., bt. P.M. &0 34 34 34 31 C, St. P. M. ()., pfd 01 C. & Northwestern 115H 116! 11SM 11B C..C..C.AI 73X 74 733 73i Col. Coal & Iron 3Tt Col. Allocking Val 321f 33V 32 23 Del., Lack. & West U1'4 142! 142 Hl Del. & Hudson lWi W,i mH 133 Den. & Rio Grande, pfd... 48 4S5,, 4SH 484 E. T.. Va. & Ga 6 6H H CM Illinois Central 101U Lake Trie & West 22 KM 21.-, 22 Lake Erie & West., pfd.... (17 Stii 67 67' Lake Shore & M. S 123 Loutsvlllo& Nashville 79K 80 79M 7sH MIcli'gan Central loo; Mobile Ohio 42 Missouri Paciflc 60 01 mA eo'4 N atlonal Cordage Co 85 9if 93 94V National Cordage Co., pfd. 100 101 100,'j 100'A National Lead Trust . 16H New York Central UOH N. Y., C. &StL 21)4 21M 21Vi il!i N. Y., C. &Sl. L., lslpfd. S2S 84 62)1 83 N. Y., ('. & St. T,.. 2d rfd. 4S$ 46K 40 4B N.Y., L. E. W :.... 31 31M 30! 3C N. Y L. E. & W., pfd 69)1 N. Y. &N. F, 40 40 3MJ VH N. Y., O.&W 70 20M SOJi 20 Norfolk A Western 18 IS'A 18 IS Norfolk & Western, pfd 54 North American Co 20 20J 19Ji 19tf Northern Paciflc 28W Northern Pacific, pfd 76 76K 73 75S Ohio Mississippi 25K Oregon Improvement 21 Paciflc Mail 37! 37M 37 37 Peo.. Dec & Evans 22U 224 221 22S Philadelphia A- Heading... 40Ji 40& 40S 40' P.. Cin.. Chi. &St. L... .... .... 25 P.. C. C. &St. L., pfd 65JS Pullman Palace Car 193' 1944 193! 191 Richmond & W. P. T 13 13 13 12H Richmond & W. P. T., pfd ....?. EG Ft. Paul & Dtlluth 7. 36 St. Paul & uuluth, pfd 96 t. Paul. Minn. & Man 109 Texas Paciflc 14 14 14S UH Union Paciflc 41fc 41J4 41H 4154 "abash i,j Wabash, pfd 30 30 S0H SCK Western Union: 82V 83 823 821( Wheeling L. E 38K 384 38X 38W Wheeling S. L. E., pfd.... 78? 78 78H 7S Dis. i Cattle Feed. Trust.. 12 tin 62)2 62) Ex.-dlT. Philadelphia Stocks. Closing quotations of Philadelphia stocks, fur nished by Whitney & Stephenson, brokers. No. 67 founn avenue, members or 2ier York Stock Ex change. Asked. MM 20 5-16 5i 50ft 29 76 49X" Pennsylvania Railroad Reading Railroad Buffalo, N. Y. & Phila Lehigh Valley Northern Paciflc Northern Paciflc preferred.... Lehieh Navigation Philadelphia & Erie 35 Boston Stocks Closing Prices. Atch. & Top 44? Franklin... 16 'luron 21 Kearsaze 14! itoston & Albany.. ..203) Boston & Maine 175 Chi.. Bur. &Qnlncy. S Kitchhurg R. R 75 Lltt. Rock & Ft. S... 92! Mass. Central 175J Mex Cen. com 23H Osceola 38A Santa Fe Copper.... 40 lamaracK ...170 Boston Land Co R San Diego 18 n. i. x, j. .ug jy. Old Colony ISO Wis. Cen. com 205 AllouezMin. Co.new 2 Atlantic 14 Boston & Mont 43i Calumet & Hecla ....260 west na 18 ueu reicnnone itu Lamson Store 8., . 18 17 Water Power Centennial Butte & Host. Cop., TEE MONEY MAEKET. Continuation of the Forward Movement No Danger of a Stringency. Tho local monetary movement during the week was satisfactory. Bank clearings were larger than those of the prcvions week, which in turn were an improvement on the week before, showing a steady gain. This corresponds with tha general trend of busi ness. Secretary Poster is gratified with the suc cess of the Treasury Department In supply ing the demand for money to be shipped Wesf, and believe3 that any danger of stringency or lack of proper distribution of money has passed. The total shipments of currency this year since July 1 have been more than $38,000 000 as against shipments during the whole of leOO of about $24,000 000. The Clearing Houso statement for the day and week shows these results: Saturdav's exchanges $ 1.971.SS9 9S Saturdav's balances 261.262 13 Exchanges for week 13.20),8.4 32 Balancesfor week 2.167,323 13 Exchanges previous week 1.1.123,462 19 Exchanges week of 1890 15.4b4.262 25 Balances week of 1890 1.940,11159 The New York bank statement was also favorable, showing a i.irce increase in the reserve, a decrease in loans and an Increase in specie. Tho following are tho changes lor the week: Reserve, increase, $i,536,725; loans, decrease, $2, 91,200; specie, increase, $5,913,100; legal tendeis, decrease, $1,841,700; deposits, increase, $2,158,700; circulation, in crease, $10 100: amount above legal require ment, $8,6o9,965. At New York yesterday money on call was easy, with no loans, closing offered at 3 per cent. Prime mercantile paper, &J7. Sterl ing exchange qniet and steady at $4 80 for 60 day bills, and $4 83 for demand. Closing Bond Quotations. U. S. 4s reg... do 4s coup... do 2s 115M N. J. C. Int. Cert...l09 Northern Pac. lsts..H5S do do 2ds Klj Northw'rn Consols.135 116M 100 do4)s coup P.iciBc6sor 'P"i Ill do iieDentures 5s. ..105 Louisianastamped4s S63f Missouri 6s Tenn. new set 6s.. ..1031 Oregon 4 Trans. 6s.. St.L. ,fc iron M. Gen. 5s 853 bt. L. & San Fran. Gen. M 10 St. Paul Consols 1241 St. Paul.OW. &Pac. IStS 114 ao no ss iuom do do 3s 69 Canada So. 2ds 97H uen. i-aciuc ins iub Den. & R. G.lsts....lts do do 4s -$ Dcn.&R.G.Wcstlsts Erie 2ds 105 M..K.&T. Gen. 6s.. 77j do do 5s 44 Mutual Union 6s.. ..104 Tex. Pac. L. G. Tr. Rets B3U Tex. Pac. K. G. Tr. iters 3!V Union Pac. lsts 1075J West Shore 101) Bank Clearings. CnioAoo New York exchange, par. Money, 6 per rent. Bank clearincs for the day, $14,570,927; for the week, $90,117,254; Sterling exchange dull and unchanged. St. Louis Clearings, $4,420,608: balances, $281,233. Money, 8 per cent. Exchange on New Yoik 23c discount to par. For this week: Clearines. $22,555,605: balances, $2,122 -651. For last week: Clearings. $21,30,216; balances, $2 016,282. For the corresponding week last vea Clearings, $22,361,951; bal ances, $1677343. PBiLAPELrHiA Clearings, $9,873,935; bal ances, $1,L63,237. For the week: Clearings, $S5 375 84J; balances, $3,459,046. Money, 4 per cent. Baltimore Clearings, $2,343,628; balances, $4 5319. Money, 6 per cent. New Yoek Clearings, $112,065,408; balances, $5,722 615. For the week Clearings, $739,744, 113: balances, $30,705,095. Bostom Clearings, $14,936,777; balances, $1, 685,252. Money, 4ij per cent. Exchange on New York, 1520c -discount. For the week Clearings, $99,132,993: balances, $9,509, 495. For the corresponding week in 1830 Ch arlngs, $108,394 033; balances, $11,750,015. New Orleans CIeaiin2S,$31,4G3,3S3. New York exchanso, unsettled; commercial, $3 00 3 50 per $1,000 discount; bank, $1 50 per $1,000 discount to par. THE WEEK IN OIL. Trading Assuming Large Proportions A Bullish Pipe Lino Keport. Oil is again becoming a lively commodity. Improvement in business on 'Change in the last few weeks is refreshing. Actual sales j on the floor last week amounted to about 400,000 barrels. The pipe lino report for September was promulgated yesterday. It shows an in crease in gioss stoeksof 2tt).000 banols; an increase in acceptances of L66VO0, and a de crease in credit balances of 1,400 0j0. The feature of tho report is the increase in acceptances, or certificates, in which repoit it is the most bullish statement from a spec ulative standpoint for years. Last month at the same date certificates were 3,112 0C0; this month thev are 4,880,000, an increase of 52 per cent. This U the stuff that is traded in. The decrease in credit balances shows that producers are large sellers of their pro ductions. Brokeis think the increase in certificates Ind cites a disposition on the part of the Standaid to encourage speculation, and are leeling correspondingly happy. During the week refined advanced at New York and London, and declined at Antwerp, Average daily runs increased 5,000 Darreis ami shipments about 2,000.' The market waB narrow and quiet vester day. The only trade in cash oil was 5.0J0 barrels at 59. Opening nnd lowest for No vember was 00. The highest was 60 and tile close 6flV. The highest price made during the weekj was 62 and the lowest E9. The close was steady. Oil Crnr, Oct. 10. National Transit cer tificates opened at 60c; highest, 60c: lowest, 60c;clos d, GOe; Miles," CS.COO barruis; clear ances, 863,000- tmrrels: shipments, 20,607 bar rels; runs 6i,694 barrels. BitADiror.D, Oct. 10. National Transit cer tificates opened at 60c; closedat 6ic: high est, COc; lowest, 00e: clearances, 282,000. New York, Oct. 10. Petroleum quiet and steady; refined, New York. f.S06.45c; Phila delphia and Baltimore, 6.2566 40c: refined in bulk, 3.9"3 95c. Crude, Pal ker, 6.6jc; do. in bulk, 3.15c; United closed at flOJaC for Xoveni-ber. A BACKWARD STEP Taken In the Wheat Market at Chicago Foreign News Kept It Up at the Start, but the Bottom Fell Other Produce. CHICAGO The price of wheat was chiefly governed by the tone of foreign advances. Prices were higher most of the day as the re sult of speculative excitement and decidedly higher prices in Liverpool, but toward the close the prices abroad slackened, and, un der the heavy realizing sales market here, responded, and all the gainsover yesterday's figures were lost, with something besides. At the opening the Board or Trade cable quoted futures in Liverpool lId higher, while private advices quoted the advance at 2(??25 pence. Continental markets were quiet, but domestic markets all showed ad vances, with New York in tho lead and send ing buying orders to commission houses here. Logan, Schwartz-Dnpee, Lamson Bros., ahtl Kennett-Hopkins wero all liberal buyers at the start and shorts covered very freely. For a few minutes it, looked as though the market was shaping for a boom, but outsido trade was exceedingly dull, and aftor the first rush was over business got very slack and realizing became quite gen eral, prices weakened, but still presented a very stubborn if not a strong front, and yielded slowly. The bears were cautious and kept near shore, so they could readily get into port on indications o'f a storm. The facfcithat tho Government report was due this afternoon had a tendency to make trade dull, as operators were disposed to wait and see what tha final conclusions on the crop were. Later on, with weaker cables and brilliant weather In the northwest, under which the rain-soaked wheat shocks were reported to be drying out rapidly with the prospect ofa general resumption of thieshing on Mon day, the market grew weak and continued so to tho end. December opened at $1 00 1101, touched $101. then receded witn numerous small rallies to $10", reacted and held for a considerable time around $1 00, then on the lower cables, the northwestern weather reports, liberal realizing, and reports that foreigners were re-selling, a downward movement set in, which oon tinned tothe close, when theprice was at the lowest flznre for the day and we.ik nt 99J4 c, against $1 0"fy at the close yes terday. Coin was n little more active and generally stronger, though there was not much animation in the trade. The specu lative demand was only moderate and sell ers were not urgent. Bartlett-Prazier were buying moderately, while Baldwin, Kcnnett, Hopkins and Schwartz-Dupee were moder ato sellers. , The leports were only 61 car loads. Octo ber opened at 53c, or ic higher than ves terday'3 close, touched 63Jc, advanced to 53c, then grew weak In sympathy with wheat and the slump in hog products, and Bold off to 53c, nt which it closed. Oats were neglected and steady. Hog produots were very weak, packers selling treely and bears raiding the market for pork. With the exception of a small rally durintr the latter part of the session caused by realizing bear purchases, the course was downward throughout the day, with the re sult that pork shows a decline of 47K60c; lard is off 7K16c, and ribs 515c. The leading" futures ranged as follows, as cor rected by John M. Oakley a Co., 45 Sixth street, members of the Chicago Board of Trade: Opeu-j High est. Low est. Clos ing. Abttclxs. mg, Wheat No. 2 October.... December May CORN No. 2, October November May Oats No. 2. October November Mav Mess Pork. October December Jauuary Laf.d, November December January Shout Kibs. October November January $ 98K 97K 99K 1C5,H 63 48H 42 28V 27 S0 1 0W 106.3 10DJ i VI mi 485$ 53! fz 26 26 27 31 30 965 12 20 9 70 12 22.S 6 625 6 67!i 6 77H 6 92) 6 75 6 37) 9 02' 1167 6 52) 655 6 53 6 SO 6 57 620 9 10 1180 65 660 6 70 690 6 67) 625 6 62 6CJX n a 690 6 75 6 37M Cash quotations were as follows: Flour firm and unchanged. No. 2 spring wheat, 97c; No. 3 spring wheat, 87c; No. 2 red, 97jc: No. 2 corn. 533fc; No. 2 cats, 26c; No. 2 white, 2623c; No. 3 white, 2930c; No. 2 rye. 87c; No. 2 barley, 60o: No. 3, f. o. b., 3861c; No. 4, f.o.b.,S415c: No.l flaxs.ood.95Kc; prime timothy seed, $1 13; mess pork, ! bul, $9 009 25; lard, 100 fts, $6 55; short rib sides (loose), $6 907 10; dry salted shoul ders (boxed), $6 256 40: short clear sides (boxed). $7 4C07 10: whisky, distillers' fin ished goods, ?3 gal. fl IS; sugars unchanged. On the Produce Exchange to-day the but ter market was stronir and higher: fancy creamerv. 1329c; fine Western, 2527c; ordi nary, 2023c. E.rgs, 1819c Pigeons for Naval Warfare. Following in the wake of the English Admiralty the French Government is per fecting a system of carrier pigeon service for use in time of war. Young birds are placed in cages on the bridge contiguous to guns of large caliber which are fired many times during the day. The birds soon get over their fright at the noise and when liberated every morning will always return, whether the guns are being fired or not, and whether the ship is under way or at anchor. It is found that the pigeon always recog nizes its own ship among a fleet of the largest size. The United States Signal Service has established a loft of trained carrier pigeons at Key West, as well as at Newport, for experimental purposes in car rying on communication between ships at sea and the mainland. Ships defending a coast could by this means send important information ashore, signal the approach of the enemy's fleet and report his movements. The latest development in the messenger pigeon service is the "there and back" flight. For a long time it was thought that pigeons would fly in one direction only. A Corner In Bubber. An English electrical paper extends to American manufacturers its congratulations that the proposed corner in rubber has come to naught. The American syndicate which sought to control the rubber market has failed, because it was unable to borrow more money with which to purchase the new crop now coming into Para. In this case, as in that of the copper syndicate, production was artificially and unduly stimulated by the height to which prices were pushed, and thus the position of the combination was one of increasing difficulty. Had its operation, however, continued for a few weeks longer American manufacturers would have been very much at the mercy of its promoters. In this connection it is in teresting to note that the world's annual crop of rubber is about 60,000,000 pounds, of which two-thirds is used in the United States, the supply from Para being two thirds of the wfiole. From there the best qualities are obtained. Side Issues of Cattle liaising. Not only is the raising of cattle now re duced to an exact science, but the utiliza tion of the various parts of the animal which the butcher rejects is carried to a point of the' greatest nicety. Ko portion of the steer is allowed to go to waste. The hair is used for plaster, the hoofs arc converted into gel atine, the horns are steamed and rolled out for various purposes, the tongues arc canned and the shreds of meat about the head are Bcraped oflTand utilized. The hide is cured, the skull is burned for bone ash, the tail appears in ox-tail soup, the blood is used in making rare and expensive dyes and chem icals, and the waste is used for fertilizers. This exact and scientific method of feeding ad slaughter has had the eflect of driving the small feeders and butchers out of com petition in the West, and thev can only afford to handle the poorer grades of beef, which are neglected by the larger firms. SICK HEADACHECMteT,.. Little Liver Puis. BICK HEAD ACHECarter,, Little Liver Pitts. SICK HEADACHECarter,iI,ittle Liver Pin. PICK -MADACHJCCtrto,fUmtUTttPIH. A G0MPLETBSEG07BRT. What a Snnnyside Man Obtained at- the Elcctropathic Institute, at 507 Perm Avenue. "I had as severe an attack of sclatlo rheumatism as ever anyone bad. I was taken down about June 1 and suffered tor tures," says Mr. David W.Spenser, of Sunnv side, Westmoreland county. Fa, Mr. Spenser's occupation' Is that of a weigher David jr. Spenser, Sunnyside, Pa. in a coal mine, and he is a well-known man of that place and aged about 40 years. , "Tho home doctors told mo what was the matter with me, but thoy could do me no good. I suffered tortures: could not turn mvself in bed. and would scream with pain if I attempted to move. I heard of the skill of Dr. Davis and the otner physicians In charge of the Electropathic Institute, of 607 Penn avenue, and as soon as I could pos sibly be moved wa3 taken there for treat ment. "The effect was truly wonderlul. I was under treatment but a short time, but I am entiiely cured. I feel $10,003 worth better than I did before thej took my case. I have not a single twinge, and my health wag never better in my life." Who They Are. Lewis G. Davis, M. D., is at the head of the staff or physicians and surseons of the Elec tropathic Institute of 507 Penn avenue, Pittsburg. Dr. Davis graduated first at Jef ferson Medical College of Philadelphia in 1879. After two years of private practice he took the post-graduate course ot Bellevue Hospital Medical College of New York City, graduatins in 1882. In addition to those dis tinctions. Dr. Davis has special course diplo mas in physical diagnosis'under Prof. Jane way; in chemistrv.under Prof. Doremus, in skin diseases undor Prof. Shoemaker, and in surgical anatomy under" Prof. Keen. His staff of able associates have no less honor able credentials of their training, experi ence, skill and knowledge needed to prac tice medicine safely and successfully. Six Dollars a Month. In order to more extensively Intro duce our method of scientific electri cal and medical treatment for disease, the Eleotkopathio Institute, of 507 Penn Ave nue, will treat all patients applying during TnE NEXT 11 DAYS FOB, THE SUM OF SIX DOLLAE3 PER MONTH. This amount to include all medicines and the proper ap- Elication of electrical treatment. This offer olds good until October 22, and applies to old patients as well as newcomers within that time. Superfluous Hairs. One of our specialties is the removal of superfluous hairs and blemishes by tbe use of electricity. The operations are" painless and effectually eradicate hairs, moles, warts, etc. iic Mi 507 PENN AVE., PITTSBURG, PA. (DON'T MISTAKE THE NUMBER). The physicians in charge of this Institute are registered and qualified physicians. They receive and successfully treat all patients suffering from chronic ailments: nervous diseases, blood diseasss. riieuva tism, paralysis, neuralgia, scrofula and catarrh and all diseases of the Eyeand Ear. Operations in electrical surgery performed by the consultingubysiciansof the Institute. Draiik'-mies Cur'd. O-iium ilnbit ufl. Consultation and diagnosis free. Ladies will find a trained fcmaleassistan-, in charge of their special department. Office hours: 'J A. M. to Ls 21.. 2 to 5 p. m., 7 co 20 F. M. Sun day: 10 a. it. to 4 p. 31. ocll-wssu MAY MAZEPPA. I have for sale, at $1 20 per share, until Oc tober IS, 4,6C0 shares treasury stock of the MAY MAZEPPA MINING AND MILLING CO., Of Gunnison county. Col. President, Charles E. Taylor, of Denver. References: American National Bank, Denver; City National Bank, Denver. Has been paving and is paving now DIVI DENDS AMOUNTING TO 13 PER CENT on the present price of .stock. A gilt-edged investment for anyone posted in mininsr matters or for anyone who be lieves that the gold and silver "barons" of the West are making money from their mines. Look it up. Will sell the block as a whole or In, 100 share lots. Apply to A., nx. iMJevrxJi, oell-23 B12 Hamilton building. BBOKEKS-TINANCIAI. Whitney & Stephenson, 57 Fourth Avenue. npO0-3J John M. Oakley & Co., BANKERS AND BROKERS. Stocks, Bonds, Grain, Petroleum. Private wire to New York and Chicago 45 SIXTH ST.. Pittsburg. WEAK MEN, YOUR ATTENTION fi called to this GItEAT ESOLISH REMZDT, TOES MAK TRAfltM'lt Rrav'eSnppifir' Morlirino I? J r ""'" """""l"u JYO US U FFE R Ul7. tous DeSlli t vTWeatn hss nf ttnrt WBKiiAWM. miu IMDW.AUU jiiuu, cpci juanjrruca, ana lmpotency. and all diseases that arise from over Indulgence and self-ahuse, as Loss of Memory and Power. Dimness of Vislan, Premature Old Age. and many utlier diseases that lead to Insanity or Consumption and an early grave, write for our pamphlet. Address GRAT MEDICINE CO.. Buffalo. N. Y. The Specific Medicine Is sold by all druggists at$l per package, or sK packages for $ or sent by mall fec.ei,1f0ef'WE GUARANTEE. onier a cure orinoney refunded. jtiJ-On account of counterfeits we have adopted tbe Yellow V rapper, the only genulr.e. Sold in Pittsburg by S. a. HOLLAND, cor. bmltlifield audi Liberty ta. je2S-91-UWFeosu .. .., tr inrt o . i - ViGOB OF iiiEN Easily, Qoiclcly, Permanently RESTORED. ( WEAh.Ass. NEltVOUo.i)ri. .DEBILITY, and all the train of evils, the resuiu of uvcrwur!r sickness, worrj, etc. rutl strength, development, and tone guaranteed in all cases. Simple, natural methods. Immediate imprutementsccn. Kalturt lmitobslble -ojo references, llook. explanation ftliu proofs mailed (scaled) tree. Address ERIE SIED1CAX. CO, DCi'iVLO, N. Y. leKM Snflerhur froa the c3ects ot j early decay, wastln-r weakness, lost manhood, etc 1 will send a valuable treatise (aled catalnlng toll particulars ror home core, Fit E 13 of charge. A spiendld medical work; should be read tr everr man who lr nervous and debilitated. Address. Pro-; F "C! PO WlilSB, ZIoodUS, Coun, d2-31-D3UWk vtiiii.ii i ii prn irsa We have a po.ttlve cure for the effects of self-aotuo Earl-fE'CCesseii.EniiSBlort-.NerTousDeblllty.LoiuotSexual Power. lmpotency Ac. So (m at la our faith in our speci-la wnwlti send oue full m-mln's letllclno ami much valuable Inlormatlor. FREE. Addrera tf 6. 26 Co,, BOO Uroodway, XeTT York. lmvl-34-su Vjm e53F ME TO -HEN NEW ADVERTISEMENTS. August Belmont & Co., New York. Lee, Higginson & Co., Boston. SUBSCRIPTION FOE $3,000,000 7 per cent Cumulative Preferred Stock. SHAKES, S50 EACH. WESTINGHOUSE K ft luracDD M n . KO. 120 BROADWAY, NEW YORK. DIRECTORS! CHARLES FRANCIS ADAMS.. Boston, Mass) LEMUEL BANNISTEK Pittsburg. Pa, AUGUST BELMONT New York, N. Y A M. BYEES Pittsburg, Pa CHARLES FAIRCHILD Boston. Mass MARCELLUS H ETLEY....New York, N". Y GEORGE W. HEBAUD New York, N. Y ' HENRY B. HYDE New York, X. Y BBAYTONIVE3 New York, N.Y GEO. WESTINGHOUSE, Jn... Pittsburg, Pa REGISTRAR OF TRANSFERS! MERCANTILE TRUST CO., 120 Broadway, N.Y. WE AEE AUTHORIZED TO OFFER FOR, SUBSCRIPTION THE ABOVE ISSUE OB" Seven Per Cent Cumutatlve Preferred Stock ATPAIU The Preferred Stock is entitled to s cams. latlve preferred dividend of 7 per cent, pay able semi-annually on January land July L and. In addition, to a proportionate share of all dividends declared In any year, after7 per cent has been paid on the other stocks outstanding. The Preferred Stock has also a preference in the assets of the company in case of liquidation overall other stocks. The authorized capital stock of tue Com pany Is $10,000,000, of which $4,000,000 is Pre ferred Stock. Shares, $30 each. The portion oflTered for subscription will be full paid and non-assessable whentakea and paid for hereunder. Application will bo made to list the stock on the New York and Boston Stock Ex changes. The proceedings taken by the Company to create this issue of Preferred Stock havn been submitted to counsel, and they advise us that the reorganization and thi3 issue of Preferred Stock are valid in law. Tho'business cf the Westinghonso Electrio and Manufacturing Company has grown to its present large proportions in about flva years. Its growth has been not only rapid, but continuous, and has fully kept pace with, the remarkable development of the electri cal industry. Sales are as follows: 9 months, from 1st April to 31st December. Z38i $ 141,843 71 12 months, to 31st December, 1SS7. . S74.057 87 12 months, to 31st December, 18S8.. 1,28,569 41 12months, to 31st December, 139.. 3,61S,379 81 12 months, to 31st December, 1590.. 4.289.086 81 The company manufactures its apparatus at three fully-eqnipped factories located, re spectively, at Pittsburg, Pa.: Newark, N. J., and New York City, which furnish excep tionally complete facilities for the manufac ture or all kinds of electric light and power apparatus. The company relies chiefly for success upon tho quality and mechanical perfection, of its wo- k. although it has more than 1,000 patents affording valuable protection against competition. The company will continue to have tha benefit of the mechanical and engineering ability of its founder, Mr. Westinghouse. We have made an estimate of the assets of the combined companies, and our examina tion has led us to believe that, after making liberal deductions for all foreseen contin gencies, the assets of the reorganized com pany will furnish amnio security for tha total issue of preferred stock, without tak ing into consideration the value of tha patents at all, and that the working capital will bo fully sufficient to conduct tbe busi ness on an economical basis, the saving in the interest account alone being sufficient to pay full dividends on this issue. Subject to certain reservations detailed in the prospectus, tho examination of the ac countants show3 an average profit of $443, 140 52 per annum for tho periods considered. Wo invite subscriptions to the above-mentioned preferred stock AT PAE, payable as follows: 10 PER CENT ON APPLICATION. SO PER CENT ON ALLOTMENT. 30 PEK CENT ON 3D NOVEMBER. 30 PEK CENT ON 23D NOVEMBER. Subscribers have the option of paying In full for the stock allotted to them, and in terest on the anticipated payment will ba allowed at the rate of 4 per cent per annum. The right is reserved to reject or reduca any subscriptions and to make allotments of less than the amounts applied for. In allotment, preference vill be given, so far as practicable, to thoso stockholders assent ing to the recent plan of reorganization and to employes and dealers in the company's mnnulactnres. The failure on the part of the subscriber to pay any installment when due shall oper ate as a forfeiture of all previous payments. The subscription list will open simultane ously at 10 o'clock A. 31. on Wednesday, tha 14th day of October, 1891, and close at 3 o'clock V. M. on Friday, the 10th day of Oc tober, 1891, at our offices. AUGUST BELMONT & CO., 23 Nassau St., New York. LEE, HIGGINSON & CO., 44 State St., Boston. Copies of the plan of Reorganization, tha prospectus, with full details and forms of application can be obtained at tha offices above me'ntioned. Subscriptions will also be received as FIRST NATIONAL BANK, Pittsburg, Pa. The subscription for the entire amount of the Preferred Stock above offered ha been guaranteed by underwriters in this country. ocS-60-8, 11,14.13 MEDICAL. DOCTOR WHITTIER 814 PENN AVENUE, PITTSBUKO, PA. As old residents know and back flies at Pittsburg papers prove, is tho oldest estab lished and most prominent physician In tha city, devoting special attention to allchronlo Ssesre-N0 FEE UNTIL CURED sponsible MC pn I IO and mental dis- perSOnS. IlL-ll f V U V ucs, Jjujrsiuu -ao cay, nervous debility, lack of energy, ambi tion and hope, impaired memory, disordered sight, seir distrust, bashfulness, dizziness, sleeplessness, pimples, eruptions, impover ished blood, failing powers, organic weak ness, dyspepsia, constipation, consumption, unfitting tho person for business, society and marriage, permanently, safely and privately iTa1,, BLOOD AND SKlfes eruptions, blotches, falling bair, bones, pains, glandnlar swellings, ulcarations of the ton"ue, mouth, throat, ulcers, old sores, are cured for life, and blood poisons thoroughly eradicated from 1 1 D I M A R V J?0?? 7 on1 tho system. Unllinll I j bladder de rangements, weak back, gravel, catarrhal dicharges, inflamination and other painful Bymptoms receive searching treatment; prompt relief and real cures. Dr. Whittier's life-long, extensive experj. ence insures scientific and reliable treatment on common sense principles. Consultation free. Patients at u dhtanco as carefully treated as ir here. Ofilce hours, 9 a. jc to T. M. Sunday, 10 a. m- to 1 r. m. only. DR. -WH1TTIER. 814 Penn avenue, Pittsburg, Pa. " U549-Buwi , ABOOKrSRTHEMILLIQH FRETS-. ' OM TATMMT. kTlin mtuihru. bbb..nivu E-jrall CHRONIC, OBGANI0 aa-J T.'ETIVOTJS DISEASES in bath mmL H.TnoB.lltlllroareailtMsbook.A'ldntai THE PERU CHEMICAL CO., WlWABKl, VIS .UCAI TUtswarranteiltoRe- ' I li.rla- I ii i new Toutnfulcolor , and life to CHAT Hair. Om onlr BaT-Iill.L tul-f.. Bet rTCXfn'Canv n!tas 2I. . Sold by J03. SXEMLXG 4 SONS and drag it. my24-51-HTh.-aosm J Hgjgi s-aJitTi tea rrnijyiiiTi miirJii''i
Significant historical Pennsylvania newspapers