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- ' THE PITTSBURG- DISPATCH, TUESDAY, N07EMBER 17, 189L
If J
LIGHT BUN OF CATTLE.
Keceipts at East Liberty Much Below
the Late Average and
HAXDI, LIGHT BEEVES HIGHER.
Common and Low Grade Stock Steady at
Last Week's Prices.
DOGS ARE LOWER AND SHEEP FIRM
Office of rirrsnURo Dispatch, )
Monday, Not. 16.
Our live stock reports, so far as East Lib
erty vards are concerned, aim to furnish
wholesale prices, while retail rates are re
ported for Herr's Island and "Woods' Kun
yards. If this fact is not borne in mind
dealers are liable to misunderstand our re
ports. Only carload lot are reported for
Kast .Liberty. At these yards there bavo
been no wholesale snlesof cattle above a
nickel a pound for some weeks past, where
as at Herr's Island there have been sales at
6c and upward right alone
East Liberty Tards.
The run or cattle at thec yards this morn
ing was nniiuallv light, there bein-r but 90
carloads on sale, "against 120 loads last Mon
day. In to-day's offerings wcro about 20
loads from Chicago. The remaining 70 loads
were in the main from Ohio and Indiana. A
large proportion of the offerings consisted
of common and low grade stock. There
wcioa few loads of good beeves of licht
weight on sale, w eighlng Irom 1,250 to 1,330
Its, but no primes of heavyweight. Handy
butcher beeves weighing about 1,300 lis t ere
in good demand at strong last week's prices,
while common and low grades were
only steady. There were no prime
beavv beeves offered in carload lots.
Thisgrade or cattle is reported scarce nt
all live stock centers. At Chicago thev find
leady sale at 6c per lb and upward. So
fur as could be learned there were no sales
at East Liberty vards this morning nt a
nickel a pound. There were seven loads of
good beeves from Indianapolis weighing
IWl to 1350 lbs, on sale, which were held nt
$4 75 and prospects were they would bo sent
on East lor -want of buyers at this price.
The run of cows was not so large this week
as last and price" were well maintained.
Sales were reported at $.10 00 per head, and,
eo far as could be learned, this was the top
of the market. Calves were in lair supnly
and grassers ranged in price Irom 2c to 3jc
per lb, vealers from 5Uc to Cc
Sheep and Lambs There were about 12
carloads on sale at the opentng of markets
thismoining, against 20 loads last Monday.
The quality of offerings was hardly up to
late average. Markets were steady at last
week's range. The price of sheep was 5e
per ft, anil lambs 5' c Only a few ot the best
were sold at these figures. Hogs The
number on sale at the opening of markets
was 70 carlosdsi gainst 43 loads the previous
Mondav. Markets opened slow at a decline
offullvl5c perewtfrom prices of aweekao.
The top price of Philadelphia's was $3 93 to
$4 00 per cwt. Therange of markets was
$3 70 to $1 00 per cwt. According to advices
received by one or our packing firms from
their Chicago bnver, receipts of hogs there
to-day where 00,000 head, and top price was
$3 80 per cwt.
Allegheny Stock Yards.
The supply of cattle at the Herr's Island
yards was below late average in number,
and above it in quality. For these reasons
markets were strong at a shade better pilces
than were obtained a week ago. Best Chi
cago beeves offered brought $3 7.1QG 03;
medinm weights $"i 235 5?: light weights.
$4 005 00; and common gradrs $3 003 75
per cwt. Country cattle ranged the htme
this week as last, fiesh cows being quoted
at 25 0010 00 per head, veal Calves at 5
6Ju per lb, and bulls, dry cows, heilers
and stags, 213c per lb. He
ceipts: From Chicago A. Fromra, 37
bead; I. Zeiglcr, 61: I Geron, 101.
From Pennsylvania D. O. Pisor, 8: G.
I'linner, 7. Total, 211; last week, 241: previ
ous week, 303. Sheep and lambs The run in
this line was not large, but prices were not
materially changed from last week, with
the exception of choice lambs. The latter
were sold at an advance on last Monday's
pt ices. Sheep ranged in price from $3 5J to
$5 (0 per cwt, and lambs irom4c to Ca oer
lb, the outside prices being obtained only
for a few Taney bunches. Receipts: From
Ohio C. Volbrechr. 03 head. From Pennsyl
lania T. Bingham. 204; D. O. Pisor, 123: J.
Wriiht. 73: J. Ilehler, 124; K. D. Serjeant, 108.
Total, 095: last w cek, 64 J; previous week, 999.
Hog Receipts in this line were heavy and
markets slow. There was, however, little
decline from prices of latt Mondav. The
lange was reported at $3 5G4 50, but no
wiles were made above $4 40. Receipts: From
Chicago J. Zeiglcr, 107 bead: L. Gerson, 110.
From St. Louis W. Zoller, 114. From Ohio
J. Shepard, 83; I. McXeese, 91: C. Volbrecht,
7S; Needy & Smith, 437. From Pennsylvanii
G. Flinner, 5. Total, 1,033; last week,S74;
previous week. 1,402.
W ood6 Run Yards.
The Greenawalts had on sale SO head of
cattle from Chicago and 54 head from Ohio.
Chicago beeves were -old at a range of3Jc
to &c per lb. and Ohios Irom 4c to 5c per
lb. The same firm had on sale 2C0 head of
sheep and lambs and 175 head of hogs. Good
sheep were sold at 5Jc and lambs at 5c to
be per lb. Hogs w ere sold at a range of $4 10
io$4 40 per cwt.
By Telegraph.
New York. Beeves Receipts, 5,311 head,
including 80 cars for sale: market firm; na
tive steers, $3 400 15 20 per 100 pounds; Texans
and Colorados. at $3 O0f3 63; bulls and cows,
$140g$2 20. Dressed Beer firm, at 6691 per
pound; shipments for tomorrow, 100 beeves.
Calves Receipts, 610 head; market firm,
veals, $3 00g$ 50 per 100 pounds, grassers,
$15062 00; Western cilves, $J15$2 87JJ.
Mie-p Receipts, 10,315 head; sheep firm:
lambs, X per pound higher: sheep. $3 23
$5 37per 100 pounds; lambs, $5 50$6 12K.
Dressed mutton firm. bJSc per pound;
dressed lams firm at "SJjc Hogs Receipts,
13,671 bead: consigned direct; nominally
steady, $4 00f4 40 per 100 pounds.
Chicago Cattle Receipts,17,000 hendtship
rocnts, 4,000 head: market lalrly active steady
to higner; natives, $3 755 10; no prime or
extra steers on sale; Texans, $2 353 93;
ranger. $2 7DQ3 73; stockers, $2 002 75;
cows, $1 C02 SO. Hogs Receipts, 45,000 neadj
shipments, 12 000 head; market active,
steady; common, $3 65375; mixed and
packers, $3 S33 95: prime beavv and
bntcher weights, $4 OOfM 10: light, $3 253 85;
Sheep Receipts, 7,000 head; shipments,
1.CO0; market slow steadv to weak: nativo
ewes, $2 Wdi 30: mixed, $4 204 35; wether
and arlings, $4 5005 10; Westerns, $4 60
5 10: larabs$3.r0313"
fINCINXATI Flour dull; family, $3 80
SiO; fancv, $4 20l 40. Wheat quiet; No. 2
red, 98c. Corn in good demand; No. 2 mixed,
new, 51c; mixed, ear, 4213c Oath strong:
No. 2 red mixed, 35Q35)c. Rvo scarce and
strong: No. 2, She. Pork easy :it $3 S7M,9 00.
Lard firm at Vi 00. Bulk meats m ligllt de
mand at $6 OTffG 12. Bacon in moderate
demand at $751). Butter dull; fancv Elgin
creamerv, 23!0c; Ohio. 27c; choice dairy, 17
JlSc Eggo Ann at 22c Cheese in moder
wte demand and strong: prime to choice Ohio
flat, 10fil2Kc
Omaha Cattle Receipt", 3,300 head;
prices lully steady on good cattle; feeders in
jarge supplj: common to fancy steers, $2 75
4 73; W esterns. $3 O03 00; Texans, $2 ?5fi!
3 CO. Hogs Receipts, 2,200 head; business
active; prices stendv tostiong; hulk. $3750
3 80; light. 53 (S03 75: heavy. $3 753 9u;
mixed, $3 703 SO. Sheep Receipts, -;22
bead: the maiket.was moderatelv active
and firm; demand ?ood: natives, $3 734 50;
Western", $3 so4 25.
Cincinnati Hog. lirm but lower; common
and light, $2 753 GO; packing and butchers',
$3 (03 90: receipts, 7,930 head; shipments,
1,070 nead. Cattle steady; fair to choice
butchers' grades, $2 004 00; pnmo to choice
shippers, it 753 CO: receipts, 1,875 head; ship
ments, 1,090 head, bheep steady; common to
choice, 2 25ig4 21: extra fat wethers and
yearlings, $4 5.i 75; receipts, 750 head; ship
ments none. Lamb" active and firmer;
common to choice, $3 755 50 per 100 pounds.
St. Louis Cattle Receipts, 2.305 head; mar
ket slow to stead v: fair to good natives. $3 10
65 50; Texan and Indian steers, $2 203 33;
'lexan and Indian cows, $1 202 30. Hoes
Receipts, 2,285 hcad;marketsteadyonheavy.
lower on light: fair to prime heavy, $3 80
4 00; mixed, S3 103 65; light, fair to best, $350
Q3 70. hheep Keceipts, 1,719 head; market
hmi: fair to choice, $2 204 70.
Kansas Citi Cattle Receipts, 5.0S0 head;
shipments, 5,893 head; market steady; steers,
$3 256 00: cows, $1 2563 75; stockers and
leeders, $2 C03 75. Hogs Receipts, 5,580
head; shipments, 1,760 head: market stead-;
bulk,$3 703 80; ail grades, $3 004 00. Sheep
Receipts, 420 .head; market strong to 10c
higher.
The Metal Markets.
New York, Nov. 3D. Pig iron quiet;
American, $13 731S 00. Copper dnll weak:
lake, Noi cmbr, if 11 15; lake, December, $11 2a
Lead quiet, steady: domestic, $4 17J-X. Tin
quiet, easier; straights, $19 95.
Turpentine Markets.
New 1'ohk Turpentine quiet and steady
at 36c, Resin firm and quiet.
Cabeftji, inquiry shows that Dr. Bull's
Couch Syrup is the cough remedy in this
conntrv.
GENERALLY BEARISH.
The- Only Exceptional Influence In Chicago
"Wheat Belns the Cold Wave Keport
Declining bat Active Market Oats the
Livest Thing In the List.
CHICAGO Tho controlling influences in
the wheat mirket to-day, with the single
exception or the weather report pointing
to a cold wavo which might result disas
trously to the new crop throughout the
wheat bolt were bearish. Tho cable re
ports showed European markets dull, with
an immense stock or grain in Liverpool
warehouses, and tho reports of heavy ship
ments from tho West and Northwest and
largo receipts at Duluth, Kansas City and
other points, added to heavy selling by New
Yorkers as well as Cudahy, Lawson and
others, soon resulted in a material decline.
Good buying by I'ardridge and others
caused a temporary rally and contributed to
tho active market.
The opening was from Jio lower thab.
yesterday's closing, ruled easy and de
clined ?f?iic more, with only slight fluctua
tions, then rallied Jlc, ruled easier and
closed about Hc lower thau Saturday.
TJiecorn maiket was fairly active and the
feeling strong. November advanced to
42)ie and closed at 42Jc, vcar touched 46c
and clo-ed at 45JJC, and Mav from 42Jc near
the opening, advanced to 43VCC and closed at
43Jfc.
An excellent demand for cash oats caused
a slight advance in prices and made futures
correspondingly strong. Tho market
opened KgMc higher with December selling
at 307c and May at 32'c. December worked
up to 3I31Jj;c and Closed c higher at
3IJc bid. May advanced to 32c and closed
at 3:;e32Jc, or Jc advance. There was a
light trade in November, which was very
strong at 31732c
The provision market was rather weak,
bnt w ithout any marked feature in the trad
Inc. December pork declined 7c, January,
5c; January and May lard, 2c: December
and January ribs, 5c. and May, 2c.
The leading futures ranged as follows, as cor
rected by John M. Oakley A Co.. 43blxtli street,
members of the Chicago Hoard of Trade:
Open-I High- Low- CI03-
Abticles. ing. tst. est. Ing.
WllFAT. No. 2. 1
Noeniber $ 9ttf,$ M4 82 J 92'$
December. Ws 9I'4 $ 03
Mav 1 0I 1 OVA 1 00 1 Mi
CORN". No. 2.
November. .W '( S2 SOi
Dtceinber .... 4V.fi 4t, 451- 45s
Mav 42V 41'a flh 43M
Oats. No. 2 I
November 31 32V Sl S2
December 3T 31'4 3Ka '
Mav 22-4 ZZH 32i, 32H
Mess I'okk.
Deeemner 8 TO 8 77s 8 SP4 8 S7
Januarr 1150 II 57,S II 4"sj 11 32'i
Mav..; 1190 1192' H82V 1190
Laud.
December 6 25 6 S3 6 22 6 25
January. 6 3!H B 375 B 35 G 37':
Mav 6C7,si C674 6 65 6 Ci.'i
MIOIIT RIDS.
December 5 K'i 5 92 s 85 S 87M
January 5 92U 5 92'i 5 83 5 90
3Iav 6 20 I 0 20 6 12K 6 I24
Cash quotations were as follows: Flonrwas
unchanged. No. 2 spi ing w heat, 92J5;93Vc:
No. 3 spring wheat. t-GKS7c: No. 2 red. 93?9Ic:
No. 2 corn. 5!3t;c: No. 2 oats, S2c; No. 2
white, 32f833c; No. 3 white, 31J32c: No. 2
rye, 9k-; No'. 2 bnt lay. 59c; No. 3,f. o. b., 44fftc;
No. 4,f. o. b 3350C. No. 1 flaxseed,93c. Prime
timothy seed, $1 12. Mess pork, per bbl,
$3 7008 75. Lard, per 100 lbs, $C 23. Short
ribs sides (loose), $5 85(36 25. Dry salted
shoulders (boxed). S5 005 12. Short clear
sides (boxed), $C 15SJU25. Whiskv, distillers'
finished goods, per gal, $1 18. Sugars, cut
loat, SgS'.Jc; granulated, 4Jc; standaid "A,"
4c.
On the Produce Exchange to-day the but
ter market was unchanged. Eggs weio firm;
fresh, 2223ic.
NEW lOIIK Flour Cornmeil ouiet.
Wheat Spot market lower, unsettled and
Jairlvnctive;Xo. 2 red, $1 051 03 In eleva
tor: $1 051 06 afloat: $1 051 03&, f. o. b.:
No. 3 red, $1 00; ungraded red, 994c$l 10;
No. 1 Northern. $1 06JB1 0; No. 1
hard. $1 10-: No. 2 Noithein, $1 04;
options declined Jlc. advanced
Ji5sc, closed firm at c decline'
Horn Saturday: No. 2 red December, $1 05
1 00. closing at $1 031 06; Januarv,
$1 076)1 08, closing at $1 OS'X; Februarv.
$1 09kgl 10, closing at $1 09J March, $1 10J
1 11J, closing at $1 11'4: April, closing at
$1 11; May. $1 11K1 12; Slay, $1 11: June,
$1 llif, closing at $1 11JJ. Rve firm and in
lair demand; Western, $1 0VJ1 07. Barley
steady: No. 2 Milwaukee, 7172c. Corn Spot
marfcotlower.irreguhu and iairlvactive:No.2
70c afloat: ungraded mixed, lfi20c; No. 2,
00c: options advanredjigcand closed firm;
November. 6aj67c closing at 67c; Decem
ber, t8Ji5Sc, closing at 5c; Januarv.
531i54'ic closing at 51KC: Februarv, 53
51Jic, closing nt M;c: May, 025Jtic, clos
ing at 53c. Oats Spot mnrkec film and
moderately active; options fairly active and
firmer; November, closing at 38c: De
cember. 3SJ3Sc, closing at 38Jc; January,
3S43Sc, closing at 38c: May, 3939Vic
closin-; at 39;c; spot No. 2 white, 39c:
mixed Western, 3710c: white do, 404lc:
No. 2 Cliicago, 39c. Hav in fair demand
and steadv. Hops in fair demand
and flim. Tallow steady. Eggs Farcy fresh
firmer; Western, 242bc. Pork quiet: old
mess, $9 73: new mess, $10 75: extra prime,
$10 O010 50. Cut meats dull but steadv:
pickled bellies, 6(9c; do shoulders, 5
5JJc. Middles firm. Lard stronger: West
ern steam, $6 C06 63; options, December,
$6 58: Januarv, $6 700 74, closing at $6 73;
February, $5 836 84, closing at $3 83: March,
$G 92 bid. Butter quiet and steadv; Western
dairv, 15i23c; do creamerv. 2030c; tactorv,
1623c: Elgin, 30c Cheeso in moderate de
mand and firmer: part skims, 48c.
PniLAOELPHU - Flour quiet but
steady. AYheat weak and lower; rejected
red on track, 87c. No. 2 red November, $1 03J
1 W4: December, $1 051 05: January,
$1 071 07: February, $1 091 09. Corn
Futures opened a shade easier, but snbse
oncntly strengthened by wet weather in the
West, which delayed the movement of the
new crop, closing firm: local car lots dnll
and old crop declined I2c under increased
Sressure to sell; new No. 4 yellow in grain
epot, 53c; new No. 2 yellow in grain depot,
5Sc; old No. 2 yellow in grain depot, 70c: old
No. 2 mixed in grain depot, 63c: No. 2 mixed,
November, 6366c; December, 5J55; Janu
ary, 5154c; February. 634c. Oats film,
but there was little disposition to trade in
futures, and the demand for car lots was
only moderate; No. 2 mixed, 37e; No. 3 white,
S7c: No. 2 No. white, 39c: do choice, 39c;
No. 2 white, November. 3S39c: December.
3939c; January, S94uc; February, S9
4Jc. Butter quiet and easy; Pennsylvania
creamery extra, 2728c; do prime extra. 30
33o. Eggs Fresh stock scarce and firm;
Pennsylvania firsts, 272Sc Cheeso firm;
part skims, 7Sc
ST. LOOIS Flour weak and dull. Wheit
lower J.c at tbe opening, declined c fur
ther, rallied and recovered Jc, but later de
clined He, closing B4c above Saturday's;
No. 2 red, cash. 919ic: November closed
at92!c; December, 93Q93c. closing Jc
above Saturday's; May, $100J1 00, clusmg
at $1 (I0J5 asked. Corn closed jljc o or
Saturdaj; No. 2 cash, 4QJ44Ic: November
closed at 41e bn"; year, 39K39c, closing
at 3)c asked: Januarv, 39l4fel9c. closing
at J9c May, 4(Wc, closing at 40JJ40o
ked. Oits quiet but strong; No. 2 casn, 30
(f?39Jc: November closed at SO'o bid: May,
:.2lc bid. Rye vcrv quiet: No. 2, 83c bid.
Bailey steaa: Nebraska, 3015c; Iowa, 58c;
Minnesota, 5Cg63c. Butter quiet and birely
steady; creamery, 262Sc: dairv, 2325c
Eggs steady and unchanged. Provisions
dull, with very little doing. Pork, $9 25.
Lard, $S 03.
Ni:W ORLEANS Sugar firm; open ket
tle, fully fair to prime fair; fair to good, fair
2 7-162c; good common. 2 5-Cc; centrifugal
plantation gran, 3 3-lG3c; off do, 3Kc;
choice white, 3 9-103gc; off do, 3 7-16g3:
Gravdo, 3V33ic: choice vellow claiitleu,
3 3-1633c; prime do. 3 3-163Kc; off do, 3 1-16
3 3 lb; second, 2K3 l-16c. Molasses open
kettle. firm: choice. 3e; strictly jninie, 30
31c: good prime2S29c: fair to prime, 26
S7c; common ro lair, 2225c; strictly prime,
331c;good prime. 2829c: prime, 2C27c;
common to to lalr,2225c: centrifugals easier;
strictly prime. 21c; prime, 1415c; fair, to
good fair, 912c; good common, 7c: syrup,
24Q27C.
BALTIMORE-Wheat No. 2 red easv;
spot, $1 021 04; Noxember,' $1 03K1 04:
December, $1 C4J1 C5; January, $1 os
1 OOJJ; Mny, $1 111 11: steamer No. 2 red.
9399?ic Corn Mixed firm: spot, 64c;
vear. 54Jc; Januarv, 53Ji53c; February,
5353?ic; March, "53!4c. Oats quiet; No. 2
white Western, 39c asked; No. 2 mixed do,
3737c. Rye quiet; No. 2, $1 03. Hav
quiet and dull; good to choice timothv,$13 00
I4 00. Provisions firm and unchanged.
Butter steady and unchanged. Eggs steady
at 272Se.
MILWAUKEE Flour quiet. Wheat
steady; December, SOtc; No. 2 spring, on
track, cash, 92c; No. I Northern, 94c Corn
firm; No. 3, on track, cash, now. 45c Oats
steady: No. 2 white, on track, 33c. Barley
quiet: No. 2, in store. 58c Rye steady; No. 1,
in store, 93c Provisions steady. Pork, Janu
ary, $11 53. Lard, January, $6 40.
MINNEAPOLIS Wheat November
closed at 875c; December, opened at 87Jc:
highest, 88jc; lowest, 87c; closed nt 87Jc;
May opened at 95c; hignest, 93Jc: lowest,
9514c; closed at v5'c; Jannary closed at
89J'sc: on track. No. 1 hard. 90s; No. 1 North-cin,8-c:
No. 2 Northern, 66c. .
Ttn.- DO Wheat active and steady: No. 2,
cash, 97c: December, 9Sr: January, $1 00;
May,$l 05J,,. Coin dull nnd steady: No. 2,
cash. 57.: January ai'fl 'lav, 44-. Oats q'uict
nrd steady; cash, 32c. Rj a dull; cash, ftj;.
KANSAS CITY Wheat quiet and lower;
Nit 1 hard, cash and November, 79;; No. 2
red, cash, 83e. Com lower: No. 2 cash and
November, 35c Oats steadr; No. 2 cash and
No"r'b-t27,"bl''. V. -s f -n if 2Ip.
A BIG DEAL CLOSED.
Carnegie, Phipps & Co. Preparing to
Enlarge Their Bessemer Plant.
PATTERSON FARM CHANGES HANDS
Speculation Taking a Broader Kanjje With
the Tractions in the Lead.
OFFICE AND STREET NEWS AND GOSSIP
It was stated in The Dispatch of Satur
day last that Carnegie, Phipps & Co. had
about elosed a deal for 55 acres, the re
mainder of the Patterson farm, adjoining
Duquesneand opposite McKecsport This
transaction has since been closed. The con
sideration was $255,000. The ground will
be utilized by the purchasers for the exten
sion of their already large Bessemer works.
It is understood the Thirty-fourth street
mill will be removed to this place. The
price is the steepest ever paid for acreage in
that vicinity, but the company needed it, it
suited them, and a few dollars extra counted
for nothing. This important deal was en
gineered for the owner by AVill S. Stokes,
with David Shaw & Co.
Good Railroad Reports.
There are many favorable features in the
October returns of gross earnings. Both in
volume and in percentage of increase there
is n verv considerable gain over October of
1890. Among the features of the exhibit
are the uniformly large gains shown, and
the correspondingly small number and
slight importance of decreases reported. In
many respects, therefore, the October report
is quite satisfactory. According to Brad
street's compilation gross earnings of 140
railroads for October aggregate 556,712,549,
a gain over last year of 8.7 per cent The
grangers lead all other groups in percent
age of gain, with an increase of more than
14 per cent. Four other groups, the East
ern, Southern, Southwestern and Trunk
lines, shown gains of between 9 and 10
per cent; the Pacific roads gain 6 per cent
and the smallest gain of any group is that of
the Central "Western, 4 per cent.
Gold and Silver Statistics.
The annual report of the Director of the
Mint, although bristling with figures, is
more interesting to the business man than
a Persian tale. From this document it ap
pears that the value of the gold deposited
at the mints and assay offices during tbe
fiscal year 1890 amounted to 559,625,675 08,
as against 549,228,828 66 in the preceding
year, an increase of $10,396,854 52. The de
posits and purchases of silver aggregated
71,869,663 92 standard ounces, of the coin
ing value of $83,630,154 31, as compared
with $43,565,135 15 in the preceding year,an
increase of a little over $40',000,000. Coinoge
executed at the mints wis the largest in the
history of the country. A greater fluctua
tion w-as shown in the price of silver during
the last fiscal year than in any previous
year ot which there is any record. The
range was from $0,964 to $1.21 per line
ounce. The price of silver in New York at
the beginning of the year was $1.03 an
ounce. From this the price advanced to
S1.21 per fine ounce on A'ugust 19, 1890, the
highest point reached. The average price
lor the year, on tneoasis 01 London quota
tions, $1.04', per nne ounce, and on the
basis of New York quotations, $1.05 3-10 per
fine ounce.
ISonds Coming to the Front.
The opinion widely prevails that there
vill be an active market for good bonds
after January 1, the period of yearly settle
ments and reinvestments. Already there is
a fair local demand and iC promises to
expand. This opinion is well founded.
General business is in good condition and
money is easy. There is no apprehension
of any important financial disturbance.
There Is, therefore, ample ground for confi
dence. Such a condition is favorable to
investment. Honey will seek and find em
ployment, and as bonds of reliable issues
are always favorites with investors in flush
times the probability, as stated, is that
thev will be in active request and rule
higher soon after the advent of the new
year.
Business News and Gossip.
It is understood that Captain Vandcr
grift lias let the contract for his office build
ing, corner of Wood and Water streets.
Investors should consult the advertise
ment of the Central Trust Company, 54
Wall street, New York. H. H. Warner &
Co., Limited, are the largest dealers in
their line in the world, and the stock is
everywhere recognized ts a high-class
seenritv. Subscription books will close at
12 M. Saturday next.
At the annual election yesterday for
directors of the Bank of Pittsburg, the fol
lowing were chosen: K. M. Tindle, Reuben
Miller, William Thaw, Jr., John Porter
field, John A. Harper, John H. Ricketson,
William A. Caldwell, AViliiam G. Park, J.
Stuart Brown and James Collord. There
were two tickets, conservative and pro
gressist The result was mixed, but those
favoring the old policv had the best of it.
The new men are John Porterfield, John
Kicketeon and James Collord.
The following corporations were granted
charters at Harrisburg yesterday: The
Blair Land Company, of Pittsburg; capital,
$55,000; incorporators, George S. Fleming,
S. P. Conner, P. Foley, E. S. Kennedy, O.
Campbell, J. W. Patterson, W. J. Brennen.
John B. Larkin, John A, Craig, John J.
O'Leary and T. O'Leary, Jr., of Pittsburg;
A. B. Kennedy, of Allegheny; James
Hagan, Harrisburg. The Perry Homestead
Loan and Trust Company, of Allegheny;
capital, $15,000; incorporators, Charles W.
Simon, W. G. W. Taylor, Charles P. Lang,
Peter Lauster, H. W, Klein, Fred Land, of
Allegheny. The First National Building
and Loan Association, of Pittsburg; capital,
$1,000,000.
John D. Bailey yesterday sold 15 shares
Exchange National Bank at 86.
At the last call yesterday Duquesne Trac
tion was hid up to" 17, and was oflcred at
19. Manchester was offered at 38, and 17
was bid for Birmingham.
New stock of tne Fidelity Title and Trust
Company was offered at 33.
Pleasant Vallev Railway earnings for Oc
tober averaged $1,115 a day. Dividend and
interest on its bonds beem to be assured.
Movements in Realty.
A combination sale of valuable real estate
will be held at the Re.il Estate Auction
Board rooms on Thursday, NoVember 19, at
2 p.m., under the auspices of four or five of
theleadingre.il estate agents. Tho variety
of propertv, as shown by the advertisements
in this paper, should insuie a large attend
ance. Alles Bros. & Co. sold at auction for A.
Kuntzleman No. 22 Pins stieet, a double two
Story business property, with lot 44x100 feet
to a street, to St. Micheal's Church lor $3,400
cah. '
W. A. Hcrron & Sons sold lot Ho. 13, Del
mar Terrace, Fifth avenue, Oakland, to Mr.
T. C. McElroy. who will erect a residence at
an early date. This is the second lot sold in
this plan within ten davs, and negotiations
uro pending for several others. The plan is
desirably situated, and is attracting atten
tion ot buyers.
The Burrell Improvement Company report
the following sales of lots at Kensington:
Frankdjowiski and Joseph Cargroski, Pitts
burg, lot 9U, block -2, for $483. J. F.-ilaloy,
Pittsburg, lot 23, block 3, for J60 cash. Gilbert
Covert, Homestead, Pa., lot 22, block 3, for.
$680. Strawbridgo and Beaver,- Pittsburg,
lots 47 and 48, Tjlock 17, for $800. Rosario
Ponzoand Gruritio Cassella, Pittsburg, lot
41, blocks, for $340. Rasmus Walenty, Pitts
burg, 20 feet south endof lot 35, block 9, for
$325,84.
Hoffman & Baldridge sold lots Nos. 102,
103 and 104, in Palmer Place plan, Swiss vale,
25x120 back to an alley, for $400 each. The
purchasers have broken ground for threo
new dwellings. The additional fast trains
to and from Swissvale add materially to the
desirability of that delightful location.
Black & Balrd sold tor the Bossert heirs to
Mat? Phillips, lot No. 51, in Oliver plan,
Braddock, Pa., having n iroutageofM feet
on Halker street, by n depth of 100 feet,
nith a two story frame dwelling of four
looms, for $1,225 cash.
At the unction sale ycsterdavraornin)rof
lots at Blair station, on the P., V. & C. R. R.,
II. B. SmUlison sold for J. B. Larkin Co.,
agents for the Blair Land Company, 60 lots.
25x110, prices averaging from $400 to $700
ciicli.
W. A. Tlprron Rons sold on Rh""i
street, near Biddle avonue, W llkinsbnrg,
and on line of tho Duquesno traction cars,
lot 24x123 feet, improvod, and new building
consisting of store and dwelling, for $5,500
cash.
The liulldlng Record.
Ten permits were Issued yesterday for 13
improvements, all costing, as estimated,
$31,045.
Samuel R. Rush, two brick two-story nnd msn
sard dwellli gg. on Merchant street. Twentieth
ward. Cost, $10,000. Jimes Searlght, frame two
storv dwelling, on Mrgsretta street. Nineteenth
ward. Cost. $3,000. Jese 3. Moore, frame two
storv Mwelllng. on KibInson street. Thirteenth
ward. Cost, $3,000. Henry Wcitzel. brick two
story and mansard store and dwelling, on Yoder
street. Twenty-third ward. Cost $:!, 500. Thomas
Brown, frame two-story dwelling, on Brercton
avenue. Thirteenth ward. Cost, $1,700. W. M.
Culhcrtson. two framo two-storv dwellings, Osce
ola street. Twentieth ward. Cost. $1,490. Mrs. A.
Kucbenbeckcr. frame two-story dwelling, on
Neville street. Fourteenth ward. Cost, $1,22",
Nathaniel Mulhollnnl. frame two-story dwelling,
on Dallas street, Twenty-flrst ward. Cost, $1,025.
Stevens & Stlfler, two frame two-story dwellings,
onBovd street. Thirty-sixth ward. Oostv $3,000.
I.omer 4 Hcllman, frame blacksmith shop, on
Broad street, Nineteenth ward, cost, $130.
HOME SECURITIES.
rrrrsiiiJKG and duquesne teac-
TIONS HOLD THE JTORT.
Bidders Enlarge Their Views or the Worth
of These Stocks, but Holders In No
Harry to Sell Other Features of a
Strong Market.
The stock market yesterday developed
several good features bearing out tho views
of those who haye been predicting a revival
or activity. Trading was better .than for a
long time on the opening day of the week,
and the feeling was distinctly bullish.
As on Saturday, interest centered in the
tractions. Nearly every broker appeared to
have orders for them, but they were not in
the market. Bids for large blocks of Pitts
burg and Duquesne met with no response.
Both of these stocks finished the day with
large fractions to their credit. Pleasant
Valley was the only weak spot in this part
of the list.
Philadelphia Gas was stronger on the an
nouncement that additional wells had been
drawn upon, and the supply greatly in
creased thereby. The miners were steady.
Electric was a trifle firmer on news of buy
ing in Boston. Airbrake was shaded a trifle
at the last call.
Sales were 25 shares of Airbrake at 100,
two-thirds ora share at 80, 17 at 100, 70 Pleas
ant Valley at 22- 50 at 23, 20 Citizens' Trac
tion nt 61, 120 Philadelphia Gas at UK and
$5,000 Duqueue bonds ut90. Closing bids
and offers follow:
FIRST SECOJfD TIIIHD
EXCHANGE CALX.. CALL. CALL.
STOCK. B A B A B A
P.P., S. AM. Ex DM .... 330 425 3S0 40
BankorPittsbtirg .... 9fi 96
Exchange N. Ilk .... 86
German Nat. Bk .... 330 .... X
Marine Nat. Bk 109
TUlnl Nat. Bk... 127 .... 127 .... V3 ....
AVedtern Ins 50
Manufrers' Gas. 25 23 ....
1'eo. Nat. Gas... 12
P. N. G. P..... BSj...- 6.... 6 8i
PhlladelphU Co. It U V,i 11H ll'S ll'
Wheeling Gas.... 21 .... 21 .... SI
Central Traction. 20 20 20 .... 2'J 20,4
Citizens' Trac... 61 61$
Pittsburg Trac... 44' 50 45 48
Pleaant Vallev.. 23 23M .... VM 22S 231
Allegheny Valley 1J4 z
N.Y.&C.G.C.Co 41
Ham! St. Bridge 50
Hidalgo Mining.. 4
LaNorlaMIn 26 30
Luster Minim... 10 10H ll'i 10H...
VVest'bouse Uec. 12 13 .... 13J4
Monon. Water 28 27
Unions. AS 9 .... 8J4.... 9 -
West' house A. B 102 W 102 99)j 101,4
WALL STREET DOLL.
DE1ATTARE AND HUDSON LEADS IN
INTEREST BUT DECLINES.
America to Gain Large Investments Be
cause of European Disturbances Small
Losses and General Dullness tho Order
of the Day The Bond Table.
New York, Nov. 10. The stock market to
day was quiet to dull and in the main heavy,
especially in tho afternoon, but abetter
feeling prevailed later In the day. Wall
street has been much interested to-aay in
the operations in Delawaro and Hudson and
the result generally arrived nt it is that the
decline is due to the fact that a large holder
has parted with his stock. The other Coal
ers were again weak, however, in sympathy,
but In no case did the final loss exceed a
fraction.
Little doubt is entertained here but that
the financial disturbances in Europe will
lead to large investments in American '
enterpiises.
There was good buying to-day in Chicago,
Bui line ton and Qulney, Lake Shore, the
Wheeling and Lake Erie stocks and Atchi
son. The increase in the dividend of Bur
lington did much to rally the general list
after the decline of the forenoon, and in
creased the business done in that stock to
comparatively largo pioportions. The sell
ing of Delaware and Hudson took the stock
down to 118Vi, but it recovered later to
120i, closing with a net loss or 2!4
pr cent for the day. The general market
opened quiet and weak in the selling by the
foreigners, which induced the traders lo
throw over their stocks bought on Saturday,
nndtheie was no material support for the
hammering indulged towaid noon, with tho
result of bringing nil active shares largo
fractions. The afternoon saw a bettor sell
ing feeling, however, nnd everything traded
in recoveiedsomewhat, though all the losses
were not recovered. Dullness became tho
most prominent feature of the market, not
withstanding tho buying and selling of tho
Coalers and Grangers, and the close was dull
but steady to firm, at small fractional losses
for the day.
The following table shows the prices of active
stocks on the New York Erchange yesterday.
Con ectert dallv for Tn e Dispatch by iiitney ft
STEruENSOX. oldest Pittsburg nieinoers of New
York Stock .KxruaDge, o i-uunu avenue,
Clos-
Open High Low ing.
lug. est. pst. bid,
American Cotlon Oil 20 29J 2SK 29
American Cotton OlUpM.. 53 63 515f 51f
Am. bugar Kenning Co.... 85 83 85 85
Am. Sugar Refining Co.pfd 95 93H 93 95k
Atch.. Top. ft S. F. 42 42Hi 41,'a 42
Canadian Paclttc Silh 86S 86 86
Canada Southern 59 M)4 59 59ty
Central of New Jersey 113 113 112 112
Central Pacific 3K
Chesapeake ft Oblo 23Jf Wi 23i 24
C. ftO., lstpfd 55 55 55 So
C. ftO., 2dprd 354
Chicago O as Trust 5S-t mi 53H 585s
C. B. ftOutncT J9'i MS, OSH 994
C, Mil. ft St. Paul ',8H 731 74 75
C, Mil. ft M. Paul. pfd.... 118,' 1ISU 118'-i 1I8X
C, Rock I. ftP 82 SVi 81 82W
C, St. P. M. ft 0 34?, 3U 34V4 34?2
C. St. P. M. ft O., pfd 94H 94 C4M 944
C.& Northwestern 1I3!4 1I5U 115 11554
c, c, c. ft I es wh ea'A en'i
CO.. C. ft I.. pfd 96 !
Col. Coal ft lrou 3oH
Col. 4 HockingVal 30V 30V 30 30
Del., Lack, ft West 137 137 131W 157J
Bel. ft Hudson 1'21 121,'i 118)1 119;B
Den. ft Rio Grande 11;
Den. ftKIoUrande.pfd 43
E.T., Va. ftGn 6 6 6 6
E. T., Va. ftOa., 5dpfd... 13
Illinois Central 100
Lake Erie ft West 19J
Lake Erie ft West,, pfd.... 63 '4 B3K 63H G3
Lake ShorcftM.S 122 1221, 122 122
Loiilsllk!ft Anslnilie 77, T!H WX 76
Michigan Centra! I03J4
Mobile ft Ohio 42 42 41 41
Missouri Pacific GO '4 WH SDH S
National Cordage Co 92M 924 91X 915$
National Cordage Co., pfd 87
National Lead Trust KH 17 16 lBV
New York Central Ill '4
N. Y.,'C. &St. L 19JS S 19 JD-sJ
N. Y., C. ftbt. L.,lst pfd- '. 79
N. Y., C. ft St. L., 2d pfd. 39H 4'J5 30 40j
N. Y.. L. E. &W 28 28 28 28J4
N.Y..L. E. &W., pfd 67
N. Y. ft N. E 37 38 37 377
J..Y-. O. &W ISS 18 18 18
Norlolk ft Western 16
Norfolk ft Western, pfd 49
North American Co 17 17, 17H lV,i
Northern Pacific 20 2a 2.JV &
Northern Pacific, nfd ;o 70 UlS WA
Oregon Improvement 22
Pacific Mall SH'A 3&H 33 36
Peo.. Dec. ftEians 39 13 18 18
Philadelphia ft Read lug... 3734 37H 3?H
P., C, U ft fet. L XX 27 27 27
P., C. C. ftbt. L pfd 62
Pullman Palace Car 172
Richmond ft W. P. T 13 13 12 12
Richmond ft W. P. T pfd 55 56 54 56
bt. Paul ft Duluth 37
St Paul ft Duluth, pfd. m
Bt. Paul, Mlnu. ft Man m
TexasPaciflc 12 12 12 tl2
Union Pacific 40 40 40 402
Wabash 124 124, 12 12sJ
Wabash, pfd 27J4 27J4 28ft 23i
western Union 81V
Wheeling L.-E 35X 38 33 33
Wheeling ft L.E.prd...... 76 78 75 73;
Dls. ft Cattle F. Trust 56 Sbh 55, 55,
Offered.
v Philadelphia Stocks.
Closing quotations or Philadelphia stocks, fur
nished by Whitney ft Stephenson, brokers. No. 57
Fourth avenue, members of the New York Stock
juEciiange;
B'd.
. 53
. 18 13-16
. 7
. 49
. Wt
. 70
Asked.
53
18 15-16
mM
26
704
Pennsylvania Railroad.'.....
Reading Railroad
Buffalo" N. Y. and Phil....
Lhlgh Valley
.Northern Pacific
N"rti'crn Pacini", preferred.
43V
Electric Stocks.
Bostojt, Nov. 16 Special. Tl6 latest elec
tric stock quotations to-day were:
Bid. Asked.
Eastern Electric Cable Co. prcL $54 CO
j uomson-iiouston Electric uo I7 s m
Thomson-Houston E. Co. prcf..... 25 87, 26 00
r uane lucctrlct o I 1- w
European Welding Co
Detroit Electric Co. 1 8 75
Thomson-Houston Sec. (Scries L,7)
! '2S
Z7C0
ni
Mining Stock Quotations.
New York, Nov. 16. Alice, 150; Adams Con
solidated, 190; Bslcher, 151; Best and Belcher,
240 Deadwood T 190; Eureka Consolidate!,
145; Gould and Curry, 140; Hale and Norcross,
100; Homestake, 1030; Horn Silver. 350; Iron
Silver, 143; Mexican, 240; Ontario. 3800; Ophir,
349; Savage. 145: Sierra Nevada. 240; Standard,
110; Union Consolidated, 203; Yellow Jacket,
155.
AT THE BANES.
Seasonable Activity in Funds, 'With so Un
diminished Supply.
The week among the local banks opened
without any special feature of general in
terest. Conditions were about tho same as
prevailed during tho previous week. There
was a notable domand from individuals and
corporations, and the ruling rate was 6 per
cent. Tho supply was ample. Routine lines,
especially checking and depositing, reflected
seasonable activity in general trade. Bank
clearings were $2,535,260 52 and balances $458,
418 03.
At New York yesterday money on call was
easy, ranging from 3 to 4 J per cent; last loan
3, closed offered at 3 percent. Prime mercan
tile paper, 66K. Sterling exchange quiet
and steadv at $4 80 for bO-duy bills', and
$4 73 for demand.
Closing Bond Quotations.
U.S. 4s reg 116
do 4s coun 11GU
Mutual Union Gs 105
N. J. C. Int. Certs.. I09
Northern Pac. lsts..l'.6
do do 2ds. .110
NorthWrn Consols.I37j
do debentures 5. ..103
Oregon ft Trans. Gs..
St. L,. ft Iron M. Gen.
5s 83
St. L. & San. Fran.
Gen. SI 107K
do 2s 99
do4s emm
Pacific 6s or v95 Ill
Loulslanastamped4s 86
Missouri Gs
Tcnn., new set, Bs.,.103
do do 5s... 99
do lo 3s... 69
Canada So 2d S'V
Cen. Parlflc lsts I001J
Den.&R. U. ls,ts....H4
do do 4s 79
Den. ft R. G. West
lsts
Erle2as 106
21. K. ft T. Uen. 6s.. 78
do do 5s.. 41
St. Paul Consols 123
-t.P.. Chi. A Fac.lstsll4
Tex. Pac. L. G. Tr.
Bets 83
Tex- Pac. R. G. Tr.
Rets 3)(
Union Pacific lsts. ..107
West Snore 102
Bank Clearings.
New York Bank clearings, $S9,20O,O13; bal
ances, $1,270,291.
Boston Bank clearings, $16,163,309; bal
ances, $1,690,765. Rate for money, 2 per cent;
exchange on New Yoik, 10 cents discount to
par.
Philadelphia Bank clearings, $10,961,793;
balances, $1,624,931. Money, 4 per cent..
Baltimore Bank clearings, $3,123,99; bal
ances, $279 207. Rate, 6 per cent.
Chicago New York exchange, 10 cents per
$1,000 piemium. Bank clearings, $17,976,000.
Money easy at 6 per cent.
MEMrnis New York exchange selling at
par. Clearings, $627,924; balances, $135,203.
ST. Louis Clearings, $4,418,193; balances,
$390,121. Money, 7S percent. Exchange on
New York, 50 cents premium to par.
Coffee Markets.
Baltimore, Nov.16. Coffee firm; Eio cargos
fair 17c; No. 7, 14c.
New Ohleaks, Nov. 16? Coffee dull; Rio
ordinary to lair, 14J16Kc.
Satvtos, Nov. 16 Coffee Good average,
11,100 reis per 10 kilos; receipts during the
week, i'8.000 bags; purchases for the United
States, 23,000 bags.
Rio pe Jaxeiro, Nov. 16. Coffee Regnlar
firsts 11,000 reis perlOkilosygood second, 10,600
leis; receipts during tho week, 79,000 bags;
purchases for the United States, 491,000 bags;
shipments to the United States, 76,090 bags;
stock, 284,000 bags. ,
New York, Nov. 16- Coffee Optionsopened
steady, 2515 points up: closed barely steady,
4055 points up: sales 73,500 bags, including
November, 13.10c: December, 12.9013.05c;
Januarv. 12.6012.90c; February. 12.5512.80c;
2Iarch. 12.3512.60c; April, 12 CO12.20c; Slay.
12.0012.23c; June, 11.7011.90c; July, 11.65
11.85c. Spot ltto firmer and in fair demand;
No. 7, 14c.
The Drygoods Market.
New York, Nov. 16. Trade in drygoods
opened rather quiet to-day, with the weather
inclement and unseasonably warm. Mail
orders .for plain and lancj' goods, however,
were In fair quantity, nnd ngents were
charging np a good many goods. It was very
Aitiet on the spot. The conditions of trade
remained unchanged. Agents look back to
last week's business with satisfaction and
realize more than ever that supplies are
relatively light. Colored cottons are un
usually well sold up, as are four-yard sheet
ings and wide sheetings. Other articles are
in good shape nnd prices firm. Goods near
est the raw material which have been de
pressed in prices are regarded as at rock
bottom. The general outlook continues en
couraging. Bar Silver Quotations.
New York, Nov. 16. Special. Bar silver
In London, 43d per ounce; New York deal
eis' price for silver, 94c per ounce.
Wool Markets.
St Loms Wool Receipts, 41,000 pounds;
shipments, 6.700 pounds; market dull and
drooping. Prices unchanged.
DULUTH Wheat No. 1 hard cash, 91c:
sellers, December, 91Jic; Mav, 99Jc; No. 1
Northern, cash, 90c: November, S9jc, De
cember. 89Kc;Mv, 92c bid: No. 2 Northern,
cash, 85c; No. X, 82c; rejected, 70c.
"Will Take His Pay In Coal.
A proposition was made to Chief Bige
low yesterday by Charles Goehring, the
controller of a patent smoke consumer, to
place two of his machines in the city, one
each at the Brilliant and Bedford avenues
water works. Mr. Goehring proposes to
set up the machines and operate thtm for
seven months and to accept as payment for
them the amount of money the city will
save by their use in coal bills for that
length of time. The experiment seems to
be a fair proposition, and an ordinance will
be presented at Monday's meeting of Coun
cils granting Mr. Goehring the privilege of
trying it.
Additional Markets on Tenth
Page To-Day.
SICK HEAD ACHECarter,B LUUe L,Tcr pjj
BICK HEADACHECBrter,s Llttle L1r pUlt
SICK HEADACHEClrter,sLlttIeI(lTerPUUi
BICK HEADACHECarter,gLlttIeLlTerPmjt
BIIOKEKS ETOAHCIAX.
Whitney & Stephenson,
57 Fourth Avenue.
-ap30-3J
PrnDI C'C SAVINGS BANK,
LUlLt J 81 FOURTH AVENUE.
Capital. $300,000. Surplus, $31 670 29.
D. McK. LLO YD. ED WARD E. DUFF.
4 President. Asst. Sec. Trcas.
per cent interest allowed on time de
posits. OC24-64-D
6 Per Git Bonds For Sale.
A limited number of the First Mortgage
Bonds of tho Allegheny County tight Com
panydenomination, $500 and $1,000; due,
'1911; interest. February land August 1. Free
of tax. Abundant security valuable real
estate, etc.
Prico, 103 and accrued Interest.
, Full particulars from
ANDREW CASTER,
Dealer in Investment Securities,
no7-51-TT3' No. Ill Fourth av.
John M. Oakley & Co,
BANKERS AND BROKERS.
Stocks, Bonds, Grain, Petroleum.
Private wire to New York and Cnlcftg
45 SIXTH ST- Pittsburg.
Lehigh Navigation
Philadelphia and Erie.,
NEW ADVERTISEMENTS.
H. H. WARNER INVESTMENT CO.
Offer For .Sale Through
Central Trust Co.,
i
54 WALL STREET, NEW YORK,
AS AGENTS,
10,000 SHARES OF THE COMMON STOCK,
AT 975 PER SHARE, AND
2,000 Shares 8 Per Cent Cumulative Preferred Stock,
AT 950 PER SHARE,
(BOTH STOCKS CARBYING ACCRUED INTEREST FROM JULY 31, 189L)
OF
H. H. WARNER & CO., Limited,
PAYABLE AS FOLLOWS:
10 Per Cfc-on Application, 20 Per Ct. on Allotment, 70 Per Ct. Jan. 15, 1892.
Capital Stock,
CONSISTING OF
20,000 Shares 8 Per Cent Cumulative Preferred Stock, - 200,W9
35,000 Shares Common Stock, - 35,000
Par Value of all. Shares, 10.
Tbe Subscription Books will be opened on Friday, Nov. 15, 1801, at 10 o'clock, A
M., and close on or npforo 13 o'clock 9L, Saturday, Nov. 21. 1801, by CEN
TRAL TRUST CO 34 Wall Street, New York.
AND BY .
Old Colony Trnst Co., cor. Court and I The A merican Trust and Savings Bank, 213
Washington Sts.. Boston,
Industrial Trust Co., 07 Westminster!
St., Providence. B. 1.
Bon. E. C. Mowry, Blackstone Block,
Providence, B. I.
Wilson & Cooley, Phconlx Building,
uartioru, Jonn
From Whom Prospectuses nnd Blank
According to the official statement of
the above named company the 10.000
shares of Common Stock offcied lor
subscription are fully paid and non
assessable. During the past twoyears divi
dends of 17 per cent per annum nave been,
paid upoi tun stock, and lor the last fiscal
j car, ending July 31. 1891, over 35 per cent
could have been paid had thn directors not
called in and canceled $300,000 worth ot the
debentures of the Company.
The Common Stock is entitled to the en
tire profits of the business each year after
tho debenture Interest and 8 per cent divi
dend on tho preferred stock have been paid.
ThoBe fixed charges amount to$102,860, while
tho average yearly profit for tlie.past nine
years has never been less than four times
this amount, and for the last two years has
been nearly five.
The' following facts may be mentioned
among the many ravorable features con
nected with the business of II. H. Warner &
Co., Limited.
It is the largest liouse'of its kind in tho
world, its preparations being sold by nearly
1,000,000 diuggists, chemists, grocers, and
general store dealers in almost every civil
ized conntry on tbe globe. The widespread
popularity of these preparations is the best
evidence of their merits.
Tho business of the Company is virtually a
monopoly, consisting as it does of tho manu-
gcture of specialties, the trade names nnd
arks of which nre secured and registered
in all the principal countries of the world,
and are the property or the Company for
ever. The Company has no liability beyond its
Debentures, originally amounting to $727,000,
but reduced during the paat year to $421,500,
and the current debt incident to all large
concerns.
The enterprise is not a "one-man busi
ness." Although still under the manage
TTnt tf thn TnHn -who started and mado it
such a wonderful success, there is plenty of
material in tno employ ot.tne company 10
continue the business successfully should
any unforseen accident change that man
agement. As the business is "a going concern," pay
ing enormous dividends, shareholders will
receive an almost immediate return from
their investments.
The Companv has returned to its common
bhareholders during the Inst two years S5
per cent, of their invested capital, that is to
say, for every $100 invested they have re
ceived $33 in dividends, besides having the
value of their shares inci eased by the can
cellation of nearly one-half the Company's
Debentures, and the accumulation of a re-
TheStatoment of profits, both before and
since capitalization, as given elsewhere in
this prospectus, shows that tho business is a
progressive one; and it is believed that the
future will show even largely increased
profits from tho fact that the European busi
ness is growing rapidly.
The future earning power of the business
Is assured by the fact that tho majority of
the Common Stock is held by the men who
oiiginated it, and under whose caretnl man
agement it has been so successful in the
past.
NATURE OF TOE BUSINESS.
The business of II. H. Warner & Co., Lim
ited, consists of the manufacture of proprie
tary medicines and preparations, known as
Warnor's "Safe" Remedies and Warner's
"Safe" Yeast, and was started bv the Hon.
H. H. Warner at Rochester, N. Y in 1879.
Offloesnnd Laboratories aro established in
Rochester, N. Y., Toronto, Canada, London,
England, Frank fort-on-the-Main, Germany,
Krouzlingen, Switzerland, Melbonrne, Aus
tralia, and Dunedin, New Zealand. Tho es
tablishment of the offices and laboratories
ontside of Rochester, N. Y., was rendered
necessary owing to the enormous incrcaso
of the business and the widespread demand
for the preparations.
PROPERTY CONVEYED.
Tho price paid by tho Company for the
entire business ns on July 31, 1883, including
the. good will, trade murks in all principnl
countries and which are perpetual, prescrip
tions nnd recipes, real estate and leasehold
properties and buildings in America and
elsewhere, fixed and movable plant and ma
chinery at Rochesterand the different branch
houses, cashin hands and at banks, the stocks
in trade (consisting ot wholly and partly
manufactured stock), raw material and ad
vertising matter, furniture and all property
used in connection with tbe business in all
parts of the world, together with the benefits
or alcnrrent contracts entered into bv Mr.
Warner in relation thereto, was $3,395,000.
Since that timo the increase of business and
enlarged earning capacity of the concern
have added largely to the value of the prop
erty. . ,
EARNINGS BEFORE CAPITALIZATION.
Prior to its capitalization and organiza
tion ns an English Company in November,
1829, the business was tliofoughly exam
ined by English accountants. The real es
tate and plant were valued by competent
appraisers, and the past history of the busi
ness, especially in the wnv of profits, was
subjected to the most rigid scrutiny. Ac
cording to the certified s atement made by
these accountants, the average yearly profit
of the UNITED STATED BUSINESS ALON E
for the seven years prior to its capitaliza
tion was sufficient to pay 6 per cent in
0
SOLD BY JOS.
ocH9-Ths-
aad BUILD UP the ivuuLis bibijiji tu ruiunki iiii,ivi.H.
J2&FSSZS& Hoof land's Podophyllin Pills
550,000.
Dearborn St.. Chicago. 111.
Crane, Parris & Co., Washington, X. C
Traders' Nntlonil Bank. Rochester, N. Y. .
Amsden & Spadr, Rochester, N. Y.
Union National Bank, Cleveland, Ohio.
W. G. Hney Co., 115 So. 5th St., Phllo
(leipiua.
Forms of Application can be Obtained.
terest on the outstanding Debentures, pro
vide the 8 per oei.t dividend on the Preferred
Stock, and pay a dividend of 19f per cenU
on tho Common Shares. Durinsr thisnerlod
j the lowest annual net profit rr.rulo
in ujjy vuk jmr was Tr,iu Jv
while the profits of tho last twd
years prior to the capitalization of the busi
ness weie the largest in its history, with tho
exception of those for one year. The total
net pvofits for the seven years exceeded.
THREE MILLIONS OF DOLLARS.
PROFITS SINCE CAPITALIZATION.
The success of the business since itscapb
talization has been enormous. The first)
year's trading'of the English Company, af
ter providing for the 0 per cent interest on,
the Debenture?, resulted in a return to tba
shareholder- of a dividend of 8 per cent on
the Preferred Stock and 17J per cent on tha
Common Stock, besides placing to reserva
$218,250 and carrying forward to next year's
account $02,419.
For the second fiscal year (ending July 31,
1891,) 6 per cent interest was paid on tha,
Debentures and dividends ot 8 per cent on'
the Preferred Stock and 17 per cent on tha
Common Stock, besides the cancellation of
$306,000 of Debentures and the carrying for
ward to next year of $100,000 as undivided,
profit. Had the Directors not thought itwfco
to cancel this large number of Debentures, n
dividend of 35 per cent could have been,
paid on the Common Stock, besides carrying
lorward the $100,000 as undivided profits.
The summarization of the foregoing shows
that the profits of tho business, during tho
past two years, have been snfflciont to
enable the Directors to pay back to tho
shareholders $749,125, pay the interest on its
Debentures (amounting to $68,937), retire and
cancel over $300,000 orth of the same, and
carry. to the reserve fund over $100,000 a
showing without parallel in the history of
industrial enterprises.
PROSPECTS.
The business of the Companv at present i3
in a most prosperons condition, and i3
steadily improving. This is especially so in
Great Britain and tho Continent. During tho
I last year a branch was opened in Switzer
and, which has already given a satisfactory
return for the money Invested. The Ger
man and English branches show a large in
crease in profit and a reduction in working
expenses over previous year?, and as an evi
dence ef the prosperity of nil branches IB
may be stated that tbeaverageyearlyprofltg
of the Australian house alone, since tba
capitalization of the business, has been suf
ficient to pay the whole of the Debenture
interest, as well ns 8 per cent, ser annnm on,
the Preferred Stock. The profits of tha
other branches, including the United States,
consequently, can be applied to paying divi
dends on tbe Common Stock. Arrange
ments are now being perfected tointroduca
these preparations into France, Belgium,
and other Continental countries, where tba
field is equally as promising; and while tho
business in Europe is slower in developing?
than in this country, it is at the same timo
far more profitable and permanent when es
tablished. Tho rednced cost of production
and cheap advertising rates make the profits
greater, while the . conservatism of tha
people, although difficult to overcome at tha
outset, soon develops into n confidence
which makes their patronage constant and.
uuraoie.
PREFERRED STOCK.
The 8 per cent Cumulative, Preferred
Stock of this Company, of which 2,003 shared
only arc offered for subscription, is a safe,
high-class security, affording nn assured
rate of Interest, worthy the attention of the
most conservative investor.
SUBSCRIPTIONS.
The right is reserved to reject any sub
scription or to accept it in part. If any sub
scription is wholly rejected, the amount de
posited on application will be returned. If
the w bole nmount applied lor. be not
allotted, the amount paid on application
will be applied on tbe sums to become dua
on allotment.
Receipts will be given for all payments
made, and engraved Trust Company Cer
tificates issued by tbe Central Trust Com
pany will be delivered at once after final
payment is made.
Any installment maybe paid in advance
underdiscount at the' rate of t per cent per
annum, and Stock issued at onco.
Failure to make a payment of nny install
ment may operate ns a forteiture of all pre
vious payments.
Dividends are declared and paid every six
months by the English Board of Directors in
London, after thorough examination of tha
books and business by chartered English ac
countants. In this country the semi-annual
dividends are paid by the Central Trust
Company, as soon as they are received from.
London, such dividends usually being paid
in April and October of each year.
tbaxsfer -agexts:
central trust co., new yore.
bbjistrah op oektipicates:
UNION TRUST CO., NEW YORK.
application will be made to tho New Torlt
Stock Exchange for dealings in the stock.
nol2-90-TTi
DR. WILLIAMS' INDIAN PILE OINTMENT
will cere Blind, Bleeding and Itching Files. It absorbs tha
tumors, allays tho Itching at once, acts as a poultice, gives
Instant relief. Prepared only for Hies and Itching of tha
Srivate parts. Every box is -warranted. Judge Coons, of
aysville, K. "ST.. says: "Dr. Williams' Indian Pile Oint
ment curedme after years of suffering." Sold by druggists
sent by mail on receipt of price. SO cents and $L 00 per box,
FLEMING is SON,
410 and 412 Market Street, Pittsburg.
PUHlrf BLOOD
CLEAR. THE COMPLEXION,
BBIGHTEN THE EYES,
SWEETEN THE BREATH,
TONE THE STOMACH,
REGULATE THE LIYEB. AND BOWELS
" - ' 1- '
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