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
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