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THE PITTSBURG DISPATCH. SUNDAY, JULY 17. 1892,
19
- ' - j' ' r-j'-F T ' " 7"
STOCKS MD MONEY.
Course of and Prospects for Specula
tion and Investment
FOREIGN CONFIDENCE GROWING.
Sossip About local Securities and Leading
Corporations.
ME MARKET CLOSES DULL EUT STRONG
Saturday, July 16.
"While the clearing figures show that gen
eral business has pursued the even tenor of
it way during the past week, reaching a
volume unusually large for the time of
year, there is no question that, despite the
abundance and ease of money, speculation
and investment have been restricted by
various untoward influences. In "Wall
street the apathy was ascribed mainly to
the agitation of the silver question, the
progress of the English elections, anti-option
legislation and the troubles prevalent
In the industrial world. It was no ticeable,
however, that with the fear of tree silver
removed trading improved but little if
any, so that it cannot be said
a normal condition will rale before the in
fluence of such (actors as anti-option legis
lation and labor troubles have been re
duced to a minimum. Aside from these
factors conditions seem to be improving,
particularly abroad. "The impression ap-.
pears to be very general," says Henry
Clews, "that the series of reactionary in
fluences wlilcli sot in w ith the suspension of
tbe Barings have now, after an Interval or
about two years, worked out their worst
results, nnd that henceforth whatever
changes may ari-e in the general situation
are likely to lie for tlie better. Indeed, al
leady traces of strady recovery aio ap
parent, both in the old world and the hew."
Locally the labor troubles have dominated
Investment and speculation, and toucertain
extent sympathy has been shown with out
lide factors. There has been no deDression
In prices, however, and in some lines,
notably real estate, business has ruled some
what above theaveratrc midsummer volume.
In the stock market -firmness has been the
most prominent and encouraging leature,
and some of the leading items of-the list
have shown a tendency to advance. In the
lace or the dullness these facts may be ac
cepted as evidences of inherent worth and
Indications of an npwaid turn when the
chlei deterrent factor Las been eliminated
from the situation.
The Street Ballway Shares.
There have been no movements of conse
quence in this group. Citizens Traction
Mid Pleasant Valley about lost their dlvi
fiends, and P. & B. Traction was the only
weak point, declining to a close at 35
bid. The mystery surrounding the
dividend question, was the main cause.
A good many had been led to
believe that a dividend would be delared In
July, and the istlure of the directors to
take any definite action on the matter
created considerable disappointment. The
month is not over yet, however, and hope
lias not entirely fled. People conveisant
with street railway matters have not lost
any faith in the road or its future. They be
lieve it to be one of the best systems in
this section, and that it can be operated for
less proportionately than any other owing
V its short line. There is a disposition,
Unwevcr, to criticise the management in
that it persists in retaining the big
cars Instead of disposing of them
at ttnv price obtainable and securing
smaller ones that can be more economically
managed. "P. & B. is all right," said a street
railway man to-day. "The road's receipts
are not likely to increase much until its
feeders Hie in running order, but they are
large proportionately, and as soon as the
management see the necessity for smaller
'cars and put them into operation,-you will
hear more bull talk on the load than is now
current."
Central Traction has continued to be one
of the mysteries of the maiket. It ad
lanced a little under a fair inquiry, closing
at 29 bid. but for a road admittedly earning
$200 per day net, or more than 8 per cent on
its paid in capital, the price should hold
firmly at the amount per share paid In
(SO) at least. -More talk of a dividend upon
-tile toclc.was heard, and until dividends
"me commenced the leason why they are
not commenced will piobably continue to
be an insoluble problem.
The combine Pittsburg .Traction and
Duquesne Traction has been talked abouta
good deal, in consequence of its increased
earning power. That the Pittsburg Traction
magnates know a good thing when they see
it is evidenced by the firmness with which
the stock is held and the sentiment on Da
quosne is reflected in a steady inquiry lor
the stock and its hardening tendency. Good
Judges believe the combine's July receipts
w ill reach $50,000 and that the Duquesne end
of it is doing the lion's share of the business.
Citizens' Traction has not varied much in
price. It is high enough, perhaps, for a 6 per
cent stock, and until its dividend rate is in
creased it is not likely to range much
higher.
Plea-ant Valley and Pittsburg, Allegheny
and Manchester traction have been running
along in the shadow of the deal for the ab
sorption uf the lomierhy the latter, with
little disposition to do anything in either.
Nothing new regarding the deal developed,
but it was neither dead nor sleeping. The
Pittsburg, Allegheny and Manchester people
held two or three informal meetings during
the week, but they did "nothing for publi
cation." A Pleasant Valley man said to
day, however, that an the oustacies had
beenicmoved and that the deal was ready
for ratification.
Theie has been a good deal of talk about
the ability of the combine, if it is effected,
to pay a dividend on its proposed $3,000,000
capitalization, and on this point the lollow
ing figures, furnished by an insider, are of
interest: "For the first niub days of July
the receipts o' the Pittsburg, Allegheny and
MauchesierTractlon Company were S12.CGJ,
or a dally a erase of $1,3(0. The Pleasant
Valley Is taking in $1,150 per day, and the
Allegheny Traction, with us hoise car sys
tem, about $100 per day. For the sake of
being on the sale side let us say that the
Pittsburg, Allegheny and Manchester is
earnlnjr $1,800 per day, the Tleasant Valley
$1,103 and tho Allegheny Traction $10u. On
this basis, then, the combine uouldbave
daily aerago leccipts ot $2,500 per day, or
gross j early earnings of $912,000. From this
sum let lnesubtract the interest on the total
bonded indebtedness of $2,750,000, or $137,500,
and we have $775,000. Take 50 "per cent ot
this lor operating expenses, nnd we have
left $337,500 applicable tor dividend purposes
on tnc $5,O00.0jO stock. To pay 6 per cent re
quires $300,000, so that, according to tnese
figures, tin- -ombino could piy ti per cent
and have $37,500 Tor a nest egg.
I know u good many believe the com
bined roads could not be operated for 50
per cent, but that has al waj s been the basis
of calculation when the deal has been dis
cussed on the inside. It must be remem
bered, also, that in the result ar
rived at uo account is taken of tho
seduction in operating expenses that
would occur under the combine, or of the
fact that the Allegheny Traction's receipt,
under the electric system, would be ma
terially increased. It is possible the roads
could not be operated for 50 per cent imme
diately, but it would only bea question of a
little tune until they could be."
In this connection it may be said that the
P., A. t SI. stockholders w ill receive a divi
dend this fall. On this subject President
Da'zeL said: "We have decided to make &
souii-annual dividend October 1 next. The
directois have not yet decided the rate, bat
It will probably De 2 per cent."
"With lespect to the present and pros
pectn e value of street railway securities, an
authority furnishes the following: "It is
quite- likely tlia,t the handsome leturns
which the street railway companies in the
different leading cit.os of the conn try aio
showing, will cieate a wider and more gen
eral interest m this class of securities. For
some peculiar ieaon street railway eecuri
tias, barring those of a few big companies,
whose operations are continually discussed
in the public prints, do not command the
proper share ot attention, and hence their
values aie not coirectly understood nor the
iuospects of the companies appreciated,
ilany of the local railway stocks, which sell
ou a & or 6 per cent basis, are certainly as
good as bonds which sell on a A per cent
basis. In fact, as they enjoy the benefit of
prospective increases, many of them whose
security is absolute, may be regarded as bet
ter than bonds, and that being the case, tney
should command as high, if not higher
Ilguios. In all respects thev aie more at
tractive than the average steam railroad se
curities." Westinghouse Electric.
A number of inquiries were received dur
ing the week about the condition and pros
pects of the Westinghouse ElectricandMan
uiacturing Company, and the following is
lurnlshed in answer thereto: m
The condition of the Westinghouse Elec
tric and Manufacturing Company at the end
of the last fiscal year may be gathered from
the financial statement made at the last an
nual meeting, on July 18. In his report tho
President of the company, Mr. Westing-
house, submitted the following nsures;
Jan. 1. 'SI, MiThJl, '92. Red't'n.
Wlls payable. .t3.CC6.02l 11 1461 .'2 17 S2.SI4.0M 94
Acco'tspiva'e. 722.449 51 266, 973 19 455.496 32
Sn'ry LUbill's. 314.179 54 314.199 54
U.MS.L Co.B. 750. 000 00 63a 000 00 100,000 00
S.M.E-Co.M'e. 210.00100 210.010 10
Scrip Dlvlde'd. 193.062 00 194.362 03 1,600 00
$5.29'. 632 IS $1,783,237 33 $3.(15.33480
Interest paid Jan. 1. '91, to M'ch 31. '92. 13 355 64
Total amount paid $3,650,691 44
By receipts sle of preferred
st'ck applied to above ...J2.875.O00.OO0
From earnings and coUec- I
tloas 775,691 44
$3. 6(3, St 44
These flgnres, in connection with the bal
ance sheet, which mas a decidedly favora
ble one, show tho conjpanv to have been
doing a wonderful business duringtbatyear.
and wnen it Is taken into consideration that
during this period the company underwent
th"i process of an entire reorganization, it is
evident the ootnrany is now in a condition,
financially t.s well as otherwise, far beyond
a comparison of former years. Tho reasons
far this great improvement of the electric
company as a mannfHCtuilng property are
runnlfo'.d. In consequence of the reorgani
zation tho affairs of the company have been
placed upon a sound financial basis. The
management is composed of men who have
a national rcp-itatlon in the business of con
ducting the affairs of such an important cor
poration. In addition tlie field of opera
tions in which thecompinyis occupied has
been greatly increased during the last
year, and "its productive capacity Is
now much larger than ever It was.
In lact. the comnanv is in the front rank, an
evidence of which is furnished in the lact
that the World's Fair Company awarded the
contractor funii-htnc the electric lighting
lor the coming Columbian Exhibition to the
Westinghouse Compiny. This contract is
by farhe largest contract ever obtained by
an electric company.
During the first years of the company's
existence the principal artlclo of manu
facture was the alternating current light
ing apparatus, whereas to-day tho company
manmaefnre' in addition to having greatly
improved upon their dliect current ap
paratus aie llguting apparatus, cieuiuu
street railway apparatus and long dis
tance power transmission apparatus.
Considerable attention has been devoted
of late in foreign countries as well as in
this country, to the so-called multi-phase
system of power distribution by means of
which waterfalls at distances from 20 to 50
miles may be utilized for lurnishtng power
for mann'acturing and other industrial pur-
Soses. This system was tho Invention of
icola Tesla, and the Westinghouse Com
pany, having the exclusive license under
the Tesla patents, has already felt the bene
ficial lesults.
The comnanv is at present operating fac
tories at Pittsburg, New York City and New
ark, and is now preparing to utilize the
works formerly occupied by tho Westing
house Air Brake Company in Allegheny.
The large generators to be specially manu
factured for the lighting of the World's
Columbian Exposition will be built in the
Allegheny shops.
The business or tne company since the
beginning of the present fiscal year has
been running at the rate of between $6,000,000
ami $7,000,000 per annum and is constantly
increasing.
Position of the Gas Shares.
A firmer tone developed in this group
during the week, but no material price
changes occurred. Philadelphia sCompany
gained a small fraction, however, and in a
general way the sentiment was more favor
able. The developments in the Pinhook
region and its probabilities have been
mainly responsible for the improving ten
dency on gas shares in general, but other
things have arisen to increase interest and
strengthen the tone in thisclass of securities.
The resumption of dividends by some qf
the minor companies has had a good
effect, and the hustling for big con
tracts by some of the companies always
supposed to be light-waisted as to field re
sources has not been without a stimulating
influence, as their actions have implied big
supplies of the great natural fuel, borne of
the best posted people on the gas fields'and
the gas business are quite bullish on gas
shares. There is no lack of bears, however;
but their only argument is that the gas
fields are gradually petering out.
The new gas well in the Pinhook field,
mention of which was made in this column
yesterday, belongs to the Equitable Com
pany. A Ffw Notable Features.
Airbrake advanced materially during the
last three days, but what its movement was
based on, other than big earnings and the
House bill lequiring railroads to use auto
matic couplers and brakes, was not learned.
From 127 the stock moved up to 128J bid,
closing at ISO asked.
Union Switch and Signal declined early in
the week, subsequently recovering and clos
ing stronsr at 15 bid.
Citizens' Insurance returned dividend
payments and closed firm at 32 bid ex-divl--dend.
Freehold Coal touched high water mark at
81 bid and U. 6. Glass preferred closed on an
advance at 116118.
The bulging leature of the week so far as
movements were concerned was furnished
by Luster Mining Company. The stock shot
up to 12 and a traction, sales from
9 and a fraction, but the advance
was not sustained, and the stock
fell back to a olose at '-9 bid, 10J asked. The
movement was engineered against the short
Inteiest, but it was not a very successful,
though it was rumored that one or two of
them settled. Talking about the movement
during its progress a prominent street man
said: "Luster. Jlinlng Company was organ
ized eleven vears ago by W. T. Lindsay, H.
1). Gamble, J. K. Darrington, J. E. Lanahan
and others under concessions from the Mex
ican Government. The company has two
or three properties, all low grade, refractory
oie. Some of the organizers "wont broke'
on it, and are now, in connection
with later investors, manipulating the
market in order to get out even.
The company originally had a capital
of $100,000,vhich was subsequently increased
to $150,000 and then to $200,000, its present
propoitions. The floating debt, as shown
at the last stockholders' meeting, was $10,000.
the limit under the company's bylaws, hut I
have heal d that since tliat meeting the by
laws governing the floating debt have been
violated. My belief is that the whole scheme,
while ostensibly a play against the shorts, is
to put the stock up to a price where it can
be unloaded orthe capital stock again in
creased tor working capital purposes."
However this may be the stock has triends
who believe It to be valuable, but they ad
mit that it the ores cannot be successfully
treated by the chlorination process tliey
will have little hope. Tlie chlorination plant
was siarveu .June zom mm, uus up to uate
the le.-ults are unknown to the street.
A I.'rokfrjge Flrm's.Vitw.
In writing of the market to their custom
ers, A. J I.awrence & Co. say:
"There have been enough buyers looking for
bargains to hold stock values fairly steady
during the past week, and there were few
holders frightened into selling on account
of the labor strike, and, as a result, dullness
amounting almost to stagnation was the re
sult. When one looks over our list ot special
ties it will be seen that there ,is no good reai
son why the usually active ones should be
affected by the labor troubles. Even the
natural gas companies will not bo affected
us much as lormerly by the shutdown of
the iron mills, because the more Important
ot the latter supply their own gas, and the
Philadelphia Company, People's Pipeage,
Manufacturers and Weeeliug leap their
largest net profits from domestic consumers.
"An Item of geiierallnterest.and especially
Important to the shareholders in one of
Fittsburc's greatest mauufactnring con
cerns, was the passage by the House of a
bill compellinginter-btate railroads to equip
their cars with- automatic brakes and
couplers. This bill is almost certain to be
come a law before the adjournment of the
present Congress, and it is equally certain
that the Westinghouse Air Brake Company
will play an important part in meeting tho
provisions of the bill relating to its spec
ialty. Tho company's apparatus is known
throughout the world where railways are
operated, and it is recognized as near per
fection as mechanical genius can make It.
It may not bo as well known, however, that
this brake is now in use on over 300.000 cars,
and perhaps even stockholders do not know
that the capacity or the gicat plant at
Wilmerdlng is one complete brake per min
ute. Calculating ten hours a day, and 300
working days a year, tho works could, if
necessary, turn out 180,000 tets of brakes per
annum. Of course that limit will probably
never be reached, because there is a vast
amount of repair work a profitable item,
by tho way to be done every year. But it
is well to keep in mind that there will be no
expensive additions to make in order to
meet extraordinary demands in the future.
"What tlie profit to stockholders will be
may be Judged from tue record of past
years. In the fiscal year 1890 the company
sold 50.500 set of freight brakes alone, and.
although under heavy expense on aecount
of tlie removal or its plant from Allegheny
City to Wilmerdlng, it divided 16 per cent,
or $800,000 cash to stockholders. Last year
was one ot financial stringency for the rail
roads, and the sale of freight brakes was re
duced to 33,000 sets, but the economies in
troduced in the manufacture of apparatus
enabled the corrpany to pay $996000 in
dividends. This year the railroads
have been reaping the benefits of
last year's great crops and have
been making extensive preparations to meet
the World's Fair traffic. Consequently the
sale of brakesjtave been largely Increased.
As the compant has no debts and is well
provided lor future contingencies, it has
adopted the policy of increasing the dis
bursements to stockholders, and for the
present fiscal year, ending July 3L 1892, has
already paid So per cent In cash dividends-
It is one of the greatest money-earners in
country and Its future is as well assured as
j is possible in corporate affairs. We do not
see what is to hinder the stock from selling
at 150 this year, and that price will nets per
cent on the investment."
The Closing Market.
Only one sale occurred at to-day's call 100
shares Pleasant Valley Railway' at 2
There were no other features. The list gen
erally closed steady to firm, as follows:
BANK STOCKS.
Eld. Asked.
Arsenal 79
Citizens' national Bank Bi
67
MX
Kl
95
175
74"
Exchanre National Bank
First National Slink, Pltuburg
Freehold 81
Iron and Glass Dollar Savings
Liberty NaUonal Bank 10SS
Mer. A Manufacturers' Nat- Bank
Metropolitan National Bank 123
Mononrahela National Bank 136
Odd Fellows' Savlnn Bank
Second National Bank 265
ThlM National Bank
Enterprise Savings, Allegheny 70
INSURANCE STOCKS.
Citizens '32
Teutonla
Western Insurance Co
NATURAL GAS STOCKS.
Chart". Valley Gas Co
People's Natural Gar. and P. Co 13
Philadelphia Co 1814
WheellpgGas Co 18i
r-ASSI.NGIR KAIL WAT STOCKS.
61
40
I3'i
19
Central Traction
Cltltent' Traction
Pittsburg Traction
PleuantvaUev
, 29
62X
: 25'ji
29K
62 1
.19 i
55
Second Avenue
RAILROAD STOCKS.
Chartlers Railway
Pltuburg and Castle Shannon
Pittsburg Junction B. B. Co ?H
Pitts., Wheeling & Ky y. 50J4
COAL STOCKS.
h. Y. A C. Gas Coal Co 60S'
BRIDGE BTOCKS.
Ewalt (Forty-third street) 63
Northslde Bridge Co
MINING STOCKS.
Laster Mining Co 9
Red Cloud Mining Co ,
Enterprise Mining Co 3H
KLXCTB1C LIGHT1 STOCKS.
EutXnd T
Weitlngbouie
MISCELLANEOUS STOCKS.
6Sj
7
si
50
io?s-
CO
18M
TTnlon Switch and Signal Co
Westtnghome Airbrake Co
Standard Underground Cable Co,
IJ. S. Glass Company, pfd
15
16
130
. 74
, 116
113
Ex. alv.
Unlisted street railway secnrlHes closed
as follow s: P. & B. traction, 2525: do 5,
10II01K: Duquesne traction. 28J2oK: do
fis, 100100J4: P., A. M, traction, 46 asked.
After tlie close of tho market there were
sales of Pleasant Valley at 25JJ and Phila
delphia Company at 18J.
MONETARY.
Dullness and steadiness characterized the
local money market during the past week.
Bates ruled at 56 per cent, with the supply
abundant: but, while, there was little de
mand, lenders demanded full rates- in all
instances, indicating that they expected an
improved inquiry later on. Eastern ex
change was in excessive supply all week.
Currency commanded a premium early, but
later it was more plentiful and some trading
was done at par.
New Tork Money closed easy at 2 per
cent; prime mercantile paper S5 per
cent; sterling exchange quiet but steady at
$4 87 for 60 day bills and $4 SS for demand
New York Bank Statement.
Reserves, Increase t 4,630,125
L0ans.decre.13e 9.7iI.40O
Specie, decrease. 57o,b00
Legal tenders. Increase 3.4S3.700
Deposits, decrease 6,HH,100
Circulation, decrease 21,400
Above legal requirements 20,182,4:0
Clearing House Figures.
Plttsbnrg
Exchanges to-day $2,319,213 30
Balances to-day 4J3.231 89
Same day last week:
Exchanges $2,218.235 47
Balances 470.233 C2
The clearings of the past two weeks compare as
follows:
Exchanges this week $15,839,521 92
Balances this week 3.480.(183 72
xchanges last week 13,568.765 61
Balances iasi weet.
The exchanges for the week of 1891 correspond
ing with this week, were $14,124,683 29.
Total exchanges to date. 1S92. $411,538,073 07;
same tlmo lat year, $371,395,6J3 45; gains this
year, $40, 141,439 "62.
New York, July 16. Bank clearings, $108,
751,696: balance". $7,319,126. For the week:
Clearings, 607,588 11B: balances. $10,254,169.
Boston. July 16. Rank clearings. $19,144,-
043: balances,' $1,651,550. Money 3 per cent.
Exchange on New York 510e discount.
For the week: Clearings, $101,907,242; bal
ances, $10,153,800. For tho corresponding
week last sear: Clearings, $91, 35S,5S0; bal
ances. $10,351,518.
Philadelphia, July 16. Bank clearings,
$12,919,549: balances $1,477,088. For the week:
Cleaiings. $72,439227; balances, $11,S57,'470.
Money 2 per cent.
Baltijcore. July 16 Bank clearings to-day
were $3,193,231; balances $476,702. Money 6 per
cont.
Chicaoo, July 16. Money firm at 405 per
cent. Bank clearings for the day, $16,578,138:
for the week, $100,813,640. New Yoik ex
change at par. Stei ling exchange, $4 S7J for
60-day bills and $4 8SJ for sight drafts.
New Orleans, July 16. Bank clearings,
$1,249,67L
Memphis, Tesw., July 16. New York ex
change selling at $150. Clearings, $310,597;
balance, $147,743.
St. Louis. July 16. Bank clearings to-day,
$3,746,485: balances, $402,039; clearings this
week, $23,787,065: balances, $3,012,145: clear
ings last week, $23 220,562: balances, $2,660,733.
Monev quiet at 56 per cent. Exchange on
New York at 50c uremium.
A HEALTHY REALTY MARKET.
Property of All Kinds and In All Sections
Being Picked Up by Investors
V herever a Fair Return Is Assured
Bonding Continues Active.
The realty market, while quiet so far as
sales are concerned, is full ot real strength,
as shown by the large number of inquiries
and firmness of owners. Business is better
than a year ago. Confidence is strong, not
withstanding industrial troubles. Capi
talists are picking up acreage and choice
building sites whenever opportunity offers.
The interest of home-seekers in small prop
erties is as keen as ever. Downtown prop-
ertv finds ready sale whenever offered on "a
basis which will return a iair income to the
investor.
The property knownaus the Wagner home
stead on Oakland avenue, Fourteenth ward,
owned by J. M. Grimes, was sold by W. C.
Stenart yesterday to P. II. Latifman, the
Apollo Iron manufacturer, for $15,000 cash.
The house contains 15 large rooms, and the
lot is 65x145 feet. People in a position to
know think this sale is a bargain.
J. A. Coleman & Co. yesterday reported
the sale ot three acres on the Morningslde
road, in tho vicinity or Stanton avenue, for
about $7, COO, or $2,333 ah acre, about high
watermark in that locality. Sales on this
thorongblareare increasing. Ono plan of
lots has been sold out and another is not far
behind. There is talk or considerable build
ing in the fall.
Mrs. John Harper has had plans prepared
by Architect Pickel for a 9 or 10 story ware
house on Liberty street to take the place of
the one destroyed by fire last April. Work
will begin as soon as possible. It will be
one or the finest structures in the city. The
first and second stories will bo of stone and
the rest Pompean brick. Mrs. Harper is
also building nine handsome modern dwell
ings on Bedford street. Eighth ward.
Kline's Hotel, formerly known as the St.
John, changed hands during the week. It
was sold by Larkln & Kennedy to L. W.
Ebert tor 12,500. It is one of the landmarks
in" that quarter of the city.
The W. P. Martsolf Company, Limited, has
leased through the Black & Balrd agency,
for five years, the business stand at the cor
ner ot Perm avenue and Sixth street, now
occupied by it, at a rental considerably
higher than previously paid. The building
will be remodeled. The main entrance will
be ohanged from Sixth street to the corner,
and the Penn avenue side will be ornament
ed with large plate glass show windows and
an artistlo entrance. The interior will also
be reconstructed. , These improvements will
cost $10,000 or more.
A part of the old Slatapor homestead, on
Winebiddlo avenue, Twentieth ward, was
sold yesterday by M. F. Hippie & Co. to D.
Chalineis Kulin.'of the East End. at a figure
close to $11,000. Tlie lot is 105x150 feet, mak
ing the price nearly $105 a foot front. The
purchaser will improve at oncewith a hand
some residence.
Yesterday was a reoord-breaker In the
building line. Only seven permits were Is
sued, but they represent 67 houses the larg
est number ever granted in one day. An
other feature worthy of note is that tliey all
belong to William Fllnn except one. They
are all to go up In the Twenty-third ward on
dlSerout streets. The estimated cost of the
lot is $106,200. For the week permits nnm
ber&5. representing IS6 buildings, all esti
mated to cost $152,000. This Is high water
mnik lor the year. 1
J. C. Dick has bought a piece of oroperty
on Fifth avenue, below Soho, for $18,000.
Dennlston, Elderkin fc Co. have Just fin
ished four houses in the Enterprise plan,
Twenty-first ward, and sold two of them.
The same firm contemplates the erection of
a nnmber of brick dwellings on Filbert
street, Shadyside.
Wllkinsburg Baptists are looking for a site
upon which to build a church.
It is the Enwer, not Burner, property on
Murray avenue which W. C. Stewart is about
to put in the market. It consists of 12 acres.
The opening or streets in various parta of
the city and suburbs is bringing into the
market a largo supply of building sites. This
will have a tendency to keep prices within
reasonable bounds.
Sloane & Co. disposed of a farm in West
morelnnd connty yesterday. They would
not give the price.
J. E. Emerson, the saw manufacturer of
Beaver Falls, is engaged on a scheme for
building a railroad through bis property
near that place.
Larkln & Kennedy sold lot No. 138, Blair
Land Company plan, to Patrick McDonough
for $400; Nos. 177 and 178 to Mrs. McCarthy
lor $825, and No. 355 to H. A Bliorkaste for
$650.
THE DULL RECORD BEATEN.
Only 30,000 Shares Chance Hands on' the
New Xork Stock Exchange Richmond
and YTcst Point Securities and General
Glectrlo the Only Featuras.
New York, July 16. In point of dullness
the stock market fairly beat the record to
day, only a shade over 30,000 shares compris
ing the business in all kind's of stocks for the
day. It is almost lruitless to look for feature
in such a market, but the general list dis
played a firm temper throughout the session,
and there was undoubted buying of the
Bichmond and West Point securities, which
rumor was attributed to Vanderbilts without
sufficient grounds to base such a supposition
upon. The common stock again touched 9,
but tho bonds scored material gains. In
the General Electric stock there
was also good buying, although the
rapidity with which the advance
was made suggested manipulation, and
the final gain was nearly 2 per cent. Among
the inactive shares Minneapolis and St.
Louis made fractional gains on compara
tively lame business lor those stocks, but
this completes the list of movements of a
nature to attract attention and the rest of
the list was most unusually dull with no
feature. The bank statement with its large
gains in cash and reserve had no apparent
influence upon the list other than to main
tain the firm tone. The close was very dull
and firm at slight gains for tne day.
Railroad bonds were comparatively active,
the sales of all issues reaching $599,000, but
of tunt amount the Richmond and West
Point 5j furnished $1(3,000. The Richmond
and West Point bonds were the features of
the day, being decidedly strong under an in
creased demand.
Government bonds were dull and steady.
Close of the list:
IT. S. 4s rcg H6K
do 4s coup 116H
Mutual Union 6s. ....110!
N.J. C. Int. Cert...H0V
Northern Pac lsts .116
do do 2nds.ll4
Northwestern Con.I8S
do Debentures 5s.. 107
St. L. & 1. M. G. 5s. ISH
St. L. &S. F.G.MM06
St. Paul Consols I'.7W
St. Paul C. P. IstsllS
Tex. P. L. G.T.Rcta 79K
no znas juu
Pacil)c6sof '9a 106
Louisiana stain'd. 4s. 91
'leun. new set. 6s 106
do do 53....101K
do do 3s.... 74
Canada So. 2nds 102)4
(.en. I'acmc isis.....iU3
Den. Alt. G.lst6....117M
(In do 4s S2U
Tex. r.K.G.fr.Rcts ai)
'Erie 2nds. 1041
Union l'ac lsts 106H
West Shore 102M
a. G. W. lit 80
il. Iv. 1. uen. es.. th
do do I 5s.. 46
Bid.
The total sales of stocks to-day were 30,631
shares, including: Beading, 2,500: Richmond
and West Point, 1,252; St. Paul, 4,200.
The following table shows the prices of aetlve
stocks on the New York Stock Exchange yesterdav.
Corrected dally for The Dispatch by Whitnet 4
STEriiENSON. oldest Pittsburg members of New
York Stock Exchange, 57 Fourth avenue:
Clos-i Close
Ins Julr-
STOCKS.
Open High
lug. est.
J1U
Am. Cotton Oil
Do. preferred
Am. Sujrar Ref. Co.
Do. preferred
Ateh.. Ton. S. F.
Canadian Pacific
Cinada Southern...
Central of N. J
Central Pacific
Chesapeake & Ohio.
O. &0., 1st pfd ....
Chicago Gas Trust.
C, Bur. iualncv...
C... Mil. 4 St. Paul.
3SH
sax:
99
99J4
97
35
S0H
VI
V1H
36M
36S
901
W2)
24
80
805f
100H
82,
80.H
100
82
IO0
82K
C. M.4St.Paul, pfd
O., ItOCK 1. A i. ..
C. St. P.. M. O.
79 79
'i&
Do. preferred
C. & Northwestern
Do. pieferred....,
U., U.t V. A.
Col. Coal and Iron. ..
Col. A Hock. Valley.
Del.. Lack. & West.
Delaware & lludsou.
35
353J
I56H
135M
35X
156Ji
133
m)i
149
Deu & Rio Granac
Den. 4 K. G. pfl...
Dls. 4C F. Trust.,
EI, Va. 4Ga,....
Illinois Central
Lake Erie West.
L. Erie & 'West., Dfd
Lake Shore & U.S...
Louisville & Nashv'e
Missouri Pacific
National Cur'ge Co.
Nat. Cord. Co.. prd.
National Lead Co...
71
71J
5S!
117S
112)4
117S,
11
Nat. Lea4 Co., pfd..
New York Central..
N. Y.. C. A St. L....
Do. 1st preferred..
Do. 2d preferred...
N. Y.. L. E. 4 W"..i
N. Y. 4N. E
N. Y.. O. AW
Norfolk A Western..
Norfolk 4 T. pfd. ..
North American Co.
Northern Pacific....
Northern Pac. pfd..
Ohio 4 Mississippi..
Oregon Imp. Co
Pacific Mail
Peo., Dec. 4 Evans.
1'hlU. 4 lteadlng....
P.. C, C. 4bt. L...
Do. preferred
Pullman Palace Car.
Klcli. 4 W. P. T....
SOU 90 90M
2
26H
6h
60
Blch. 4W.P. T.,pfd
m. raui a ljuiuin. ..
St. P. 4 Duluth pfd.
St. P.. Uln. 4 Man.
Texas Pacific
Union Pacific
Wabasht
Wabash, pfd
Western Union
Wheeling 4 L. E..
Wheeling 4 L. E.pfd
Baltimore 4 Ohio....
37!i 37HI 37X
CHICAGO 'CHANGE.
Grain Dull and Weak and Provisions Fen.
tureless.
Chicago, July 16. Trading on 'Change
was very light to-day, as is usual on Satur
day when there is a half h'oliday. There
was vory little in the way of news that was
calculated to stimulate trade or to affect
values. Tho result was extreme dullness
and general weakness. Cables were a shade
stronger, but trade complained that they
brought no buying orders and it was re
garded as only nominal. Domestic markets,
while appai en tly about as dull as Chicago,
were generally held with a little more firm
ness. September opened unchanged at 77pc,
firmed up to 77c on light offerings, then
cased off gradually to 76Jic, remained quiet
and steady and so closed at 76c
Corn was quiet and weak on reports of
good rains in the Southwest, general dull
ness and sympathy with tho weakness in
other grains and provisions.
Oats dull and weak and trade slow. Sep
tember opened nt 30Jic, held lor a time, then
weakened and closed ptSOc.
Hog products were neglected, dull and
featureless. The close shows Insignificant
changes compared with yesterday's last
prices
Estimated receipts -for Monday Wheat,
30tf.cars; corn, 415 cars; oats, 250 cars; hogs,
26;000.
Flour dull nnd unchanged; No. 3 spring
wheat, 77K78c; No. 3 spring wheat,
72c; No. 2 led, 78Hc; No. 2 corn, 48Jo:
No. 2 oats, 30c: No. 2 white, 32c: No. A
white, 323iVt;; No. 2 rye, t5c; No. 2 barley,
65c; No. 3, o. b., 48c; No. 4, f. o. b., 404Sc;
No. 1 flax seed, $1 03: prime timothy
seed. $1 35: mess nork. nor bill. $11700)1175:
lard, pet-1001bs,$7 157 17K: short ribi sides
(loose), $7 50; dry salted suoulders (boxed),'
$7 O07 25; short clear sides (boxed), $7 80
7 85; whiskey, distillers' finished goods, per
gal., $1 15.
On the Produce Exchange" to-day the
butter market was unebanged; eggs, 13K
14c
The leading futures ranged as follows: '
Open- High- Low- CIos- Close
ARTICLES. leg, eat, est. lag. JulylS
Wheat, No. 2. .
July 78H I 78X I 77 $ 77X i. 7I
August 77i 77M 76J, 76 77k
September 7714 77 76 76 77M
CORN, No. 2.
Julr 48X 4S? 43X 48H MM
August. ... 4SX 4SH 48K 4SV 48)3
September 43J4 48 473i 47 48H
Oats, No. 2. ,
July... 30 30 30J 30H S0K
August 30 0)4 30 0!f 30H
September VTA 30 29 30 3JX
MESS FORK,
July 11 72J4 II 72 11 65 11 72)4 11 72H
beplember II 871 II 87,4 11 80 U 7) 11 83
July...'. 7 15 715 7 07H 7 12H 7 12
September 7 25 7 25 7 17)4 7 224 7 22)4
SHORT BIBS.
July 7KH 7tX 7 4 7 50 7 62)4
September 7 52), 7 Uh 7 45 7(0 7 62)2
The following communication was re
ceived in this office yesterday:
Grand Army Editor Dispatch:
T desire to notify the fool killer through
your column that he Is wanted in Philadel
phia, In the office- of the Times of that city.'
In an editorial that paper says:
It Is new undisputed that the cannon used by
the Homestead strikers to lire on the Flnkerton
force that attempted to land there are In the cus
tody or the Grand Army Post of that place. The
fact that cannon given to a Grand Army post a a
matter of compliment to Its heroism and because of
the trnst that Is placed in the veteran soldiers of
the Union, hav been used by lawless rioters to
prevent owners from obtaining possession of their
own property, clearlv calls for a very positive
action on the part of the Grand Armv authorities.
The flagrant violation of a trnst that Is placed In
the Grand Army posts reaches far beyond the
Grand Army men of Homestead. It Is a reproach
upon every Graud Army organization In Penn
sylvania, and if the higher authorities of the
Grand Army shall fail to take action In the matter
of revoking the charter of the Homestead Post, It
musi. invite ine contempt 01 an consiaeraie citizens
of the State. The Grand Army men have been the
backbone of law and order ever since the war. and
this Is a fearful blot put. upon the whole organiza
tion of the State by the Post of Homestead using Its
eannon to maintain lawlessness. If the State
officials of the Grand Army shall hesitate In en
forcing the promptest discipline upon the Home
stead membership, they must puhllcly confess their
sympathy with lawlessness, disorder and anarchy.
There are 607 Grand Armv Posts In Pennsylvania.
All of them have been entrusted with arms, some
of which have been purchased, but most of which
have been furnished free for the use of the Posts
by the State; and the abuse of this trnst by the
Homestead men Is a reproach upon the integrity of
the entire Grand Army organization of Pennsyl
vania. If the organization shall not take the most
Thoroua-h measures to vindicate Itself from the Im
putations cast upon It, the Sute and National
Government would not only be Justified but would
.seem to be required to strip these Pot of their
arms because of their tolerance of disloyalty to
the public peace.
A more idlotlo composition of nonsense
and mistatements in the editorial column
of a newspaper of any standing would bo
past conception. The newspaper should be
denounced by every Grand Army post for
this cowardly attack on the order on such a
flimsy pretext. The mere fact that the
Homestead Post's cannon was used by tho
strikers cannot honestly be construed as a
reflection on the post until It is proved that
the post consented to the use of the cannon
by the strikers. The Grand Army does not
keep a standing army to protect its prop
erty in case a riot breaks out. It is not con
sidered prndent for 40 or 50 old soldier, some
badly crippled, to oppose 4,010 or 5,000 des
perate armed and able bodied men.
It would take up too much of your valu
able space to go into detail and point out
the many mistatements and fallacies in the.
Times editorial. It would be unnecessary,
because every Grand Army man will see
them at a glance. Tho part about the State
furnishing arms to the Grand Army Posts
is an example, if any conn ado was ever
furnished a gun by the State or National
Government please let him riso and be
counted. Posts or individual comrade buy
their own guns, and If the Government or a
State ever gave a Grand Aimy Post a can
non I never heard, of it. E. O.
Wlndup or Kussell's Visits.
Senior Vice Department Commander Will
lam O. Bussell made his official visit to Post
259 last Tuesday evening. Post 151 met and
adjourned, then boarded wagons and went
down to the West End to participate in the
official visit. It was a great meeting. The
Senior Vloe and all the lest were most
cordially lecetved. Post 153, which was also
lnoluded In the official visit, turned out well
and made a good impression. Posts 12S and
199 weie welliepresented. The meeting was
made very Interesting with speech, song and
story. Ice cream and cake, Irult, lemonade,
etc., tickled the palates of tho old war
horses and suffered a complete defeat at the
hands of the comrades. It was a jolly even
ing for all present.
comraae uusseu win wina un tne series
in a blaze of glory by an official visit to his
own cost, No. 151, next Tuesday night. All
comrades aio cordially invited to atterid.
They will receive a royal welcome. Those
who do not go will miss it. Comrade Bus
sell will report the impressions received
and made In his series ot official visits. He
extends a personal Invitation to all the com
rades, and hopes that all will attend who
possibly can.
The Washington Encampment,
Comrades Thomas G. Jones and John W.
Thomas, of Post 238, returned from Wash
ington last week, where they spent four
days. Ihey report the arrangements tor the
National Encampment in excellent shape.
Quarters for 40,000 persons have nlieady
been engaged and applications are pouring
in in laigo numbers every day. All the in
dications are that the encampment will be a
great success and that theie will be a tre
mendous attendance.
Comiades Jones and Thomas secured
quartet s for Post 236 and its party. They
are ou Thirteenth street, northwest, in a
first-class location. The poit will take
quite a number of friends outside or Grand
Army people. Any person who desires to
mako one of the party should apply to Com
rades Thomas or Jones lor information.
First-class accommodations will be fur
nished at a reasonable rate.
Grand Army Echoes.
Post No. 155 will have some 10 or 12 rein.
statements to record at Its next meeting.
Post 236s regular meeting will bo held
noxl Friday e'vening.
Comrade Joseph Niederlewder, of Post 60,
Monongahela City, was in the city for a few
days last week.
Asother proposition was handed into Post
83 last Tuesday night. Tho warm weather
has no effect on 88.
The funeral of Comrade Coleman, of Post
8S, last Sunday was largely attended both by
comrades of Post 8$ and other Allegheny
posts. '
The Picnic Committee of Post 83 has not
yet reported tho time and place for the an
nual picnic. Many a would- bo picnicker Is
getting impatient.
A coxTRiBUTioif of $5 has been voted by
Post No. 153 to assist the comrades of Cor
nelius S. Chase Post No. 50 or Titusville, who
suffered during the flood at that point.
Comrade Staumtr, of Lancaster, it Is said,
Is again a candidate for Department Com
mander. Comrade Thomas G. Sample, of
Post 128, Allegheny, is the only man who
will be "In it?'
Post 259 held Its August meeting last
Tuesday evening. Nothing out of routine
business was on the tapis. In deference to
the weather the post adjourned till the
lourtli Tuesday in Augu&t. Many or the
comrades are away on their summer outing,
The following 'committee from Post 155
has been aupointedatthe request of Colonel
W. H. Moody Ciicle No. 52 to assist them at
their picnic on the 26th lust, at Grove sta
tion, Castlo Shannon Bailnav: Comrades
W. C. Lenliart, J. Nelson. L. Hunter, C.
Selble, B. M. Hoffmann and W. Quigg.
The members of the Woman's Belief Corps
throughout tho country are deeply intoiested
in the army nurse pension bill now betore
Congress. The bill was prepared by a VT.1t.
C committee. The House Committee of the
Whole has recommended the pas.iue of the
bill by a vote of 15 to 24. Its chances for
becoming a law aie considered A No. 1.
Comrade Behqough, the United States
pension agent, has been flooded with letters
of inquiry from pensioners desiring to know
the reason why their quarterly pay checks
had not been received. The delay by Con
gress in passing tlie pension appropriation
bill was the cause of the trouble. Agent
Bengough having no credit for payment of
pensions from Monday up to yesterday. A
credit will.be made in time so tuat payments
will commence again to-morrow.
At the regular mooting of Post No. 155 Fri
day evening a new departure was inaugur
ated at the suggestion of Comrade L. Hunt
er that acomrade.be appointed for each con
secutive meeting, whose duty lor the occa
sion shall be to entertain the post by relat
ing some of his personal adventures and ex
periences during the late war (not at Homo
stead). Comrade Hunter Btarted the boom
by relating several very amusing advent
ures of the FaUstafflan order that were duly
appreciated by all. Comrade W. J. Mcll
valne has volunteered to furnish a like pro
gramme for next Friday evening and Com
rade J. Nolson for the ensuing meeting.
Union Veteran Legion.
No. 6 had two more applications for mem
bership at the last meeting.
At tho last meeting of No. 6 George Ander
son F. Milvale was elected a member.. He is
an old tar.
Wabdeit Whioht, of Riverside, a member
of No. 6. has gone to Europe and will be ab
sent for three months.
The committee looking after the boom of
Colonel J. E. Stevenson, of Encampment
No. 6, for National Commander, is actively
at work.
The new roster of No. 1 will contain the
names, regiment and residences of more
than 1,000 members. It will be ready for
Issue next month.
J. T. McCuiurr, who was wounded while on
the Little Bill at Homestead, at the battle of
the "Pinkertons," is reported improving.
Comrade McCurry is a member of No. 6.
The friends of Quartermaster General
Frank L. Blair intend to try to make him
National Commander for the next term, pro
viding he can be prevailed upon to accept.
The comrades of No. 6 were a good deal
surprised at the sadden appearance of Con
rade Captain George W. Fisher at the last
meeting alter an absence of several periods.
Major Duvall piestded over No. 1 last
Monday in the absence of Colonel McKenna
and Lieutenant Colonel Frank, and a very
good presiding officer he proved himself to
Comrade Arthur Ward, the bachelor mem
ber of No. 6, will to-morrow start for the
Paciflo States. He will visit Tacoma and
other cities in Oregon and the principal
cities In California.
The law of this Commonwealth, which di
rects that ex-Union soldiers shall have pref
erence in appointments and employment,
was pretty lully discussed nt the last meet
ing of No. 6. and there was some talk of a
mandamus proceedings it the law is not
more faithfully observed, hereabouts.
The following list of successful applicants
for pensions is reported by J. H. Stevenson
fc Co. for the past week: Edwaid K. Davis,
Pittsburg, Company H, Ninth Pennsylvania
Keservo Volunteers: Samuel Truly, McKees
port, Company H, Sixth Pennsylvania H. A.
Volunteers; Louis Williams, Pittsburg,
Company B, One Hnndredand Second Penn
sylvania Volunteers; William Matthews,
Pittsburg. Company D, Sixth U. S. C. T.;
Taylor Saldriuh, Pittsburg, Company B,
Nineteenth U. S. C. T.; James Dolan, Pitts
burg, Company C, Thirteenth Indiana
Infantry; George Porter, Pittsbnrg.Compnny
F, Sixth U. S. C. T.. Henry Zourgoishuls.
Company H, Sixty-First Pennsylvania Vol
unteers; Mrs. Jane Cowley, Hawkins Station,
mother of William Cowley, Company E, One
Hundred and Twenty-Third Pennsylvania
Volunteers.
Contributions for this department should
reach The Dispatch office by noon Saturday.
These columns are open to all secret organ
izations, but news, and news only, will be
printed. Space Is too valuaDlo to be given
up to the discipline of delinquent members,
notice of meetings, praise of individual
lodges, advertisement of orders or mere
personal puffs. ,
Jr. O. C. A. M.
H. C. Sanders, of Welcome Council 134, on
retiring from the office of Financial Secre
tary, presented the council with a handsome
framed chart, which was received by G. B.
Nesbit after a brief but interesting speech
for the council.
Tho following aro the new officers of Wel
come Council 1"4: C., Chatlcs Hamilton; V.
C, R. A. Garboi t; B. C J. C. Bauer; A. B. S.,
F. Merriman: F. S., William Weaver: Con.,
John Hamilton; W.,D. Smith; I. S.. H. Bank,
ard; O. S. O., P. Conway: Representative to
State Council, G. B. Nesbit.
The Monongahela District Association of
the Jr. O. U. A M. held its quarterly meet
ing at Braddock last Tuesday night. It was
the largest gathering of Jnnlor Mechanics
ever held in that town, 1,000 being present.
Tlie Edgur Thomson Steel Works Band of
40 pieces met each delegation. Delegations
were present from all councils in tho Monon
gahela district and this city. There was a
select programme and a banquet.
The following officers wero elected in
Libeity Bell Council No. 627 for the ensuing
term : P. C. Percy Genge: C, Samuel Cru
may: V. C, T. Staar; Recording Secretary,
W. B. Linhart: Assistant Recording Secre
tary Win. Tomkins; Treasurer, B. F. Leech;
FInnncial.Secretary, C. H. Lutz: Con., W. H.
Fahnestock; Warden, W. G. Bower; L G., B,
Gestrick: O. G., H. Allen; Trustee, W. G.
Bowers; representative, is. t. Leecn.
Wednesday, July 27, Liberty Bell Council
No. 627 and Margarot A. Dusliano Council
No. 48, D. of L., will have an excursion cm
the pleasure boat Guskyto Rochesternnd
return, leaving wharf foot of Market street
at 2 p. M. and letuming about 10. There will
be a vocal and musical concert on the boat,
nnd dancing from the start until retnrn.
Refreshments and supper will be served on
the boat. Tickets and Invitations can be
procured from the following committee:
B. F. Leech, Samuel Cruinay, H. Geuge.
Mononinhela Council No. 122, Jr. O.TJ. A.M.,
of Braddock. at its last meeting, elected the
following officers for tne present yean Coun
cillor, W. N. Wilson: Vice Councillor, John
Harrison: Recording Secretary, Harry H.
Bair; Assistant Recording Secretary, John
Lowers; Financial Secretary, M. F. Michaels;
Treasurer, David McKlng, Warden, Charles
Williams; Conductor, Charles Dougherty;
Inside Sentinel, J. Calvin Hutzen: Outside
Sentinel, John W. Hanna: Trustee, E. F.
Kline; Representative to State Council, Joe
L. Campbell; Alternate, M. F. Michaels;
Representative to Funeral Benefit Associa
tion, W. J. Vance.
Daughters of Liberty.
General J. K. Moorehead Council 198, Jr.
O. U. A. M., of Port Ferry, is trying to or
ganize a council of the Daughters of Lih
rty there, and another council of the
Daughters of Liberty is spoken of as a prob
ability in the near future for Braddock.
East End Star Council of the Daughtors of
Libeity will take their nnnnnl boat excur
sion on the 21st Inst. The trip will be down
the Ohio if the stage of water will permit,
otherwise It will go un the Monongahela.
The boat will leave the foot of Wood street
nt 9 o'clock in the morning. The Washing
ton Orchestra will be a feature of tbe occa
sion. Goddess of Liberty Council No. 87, Daugh
ters of Libeity, was instituted In Odenn
Hall, Braddock, Monday evening. The In
stitution, with tho installation of officers,
was conducted by ex-National Councillor or
the Jr. O. U. A. M., J. W. McCtearv, of this
city, assisted by other Stnte and national
officers. The D. of L. Councils of Turtle
Creek, Homestead and this city assisted.
Tfe new council wasorganized by Braddock
nnd Monongahela Councils Jr. O. U."A. M.
of Braddock two months ago and has 90
charter members, many prominent ladies.
A banquet was served.
The following officers wero elected In
Margaret A. Dushano Council No. 48 for the
ensuing term: Jr. Ex. C, Harry Gentre; Jr.
Ex. A. C, Mrs. L. Reynolds; C, Samuel
Crnmay: A. C, Mrs. L. Muhlstcin; V. C
George Vogle; A. V. C, Miss Anna Stecb;
Recoidtng 'Secretary. Sliss Mary Irvine;
Treasurer, B. F. Lee.-h: Financial Secretary,
Mrs. Kate Griffith; Assistant Recording See
letary, William Bryson; Gjide, Miss Mary
Relchard; Outfido Guaid, Chillies ltons
liauseu; Insido Guard, Miss E. Heclcel; Trus
tee, Mrs. L. Mtihlstein; Itcpiesentatlves, B.
F. Leecteaud Miss Kato Johns.
Tho following officers of Sherwood Coun
cil were elected and installed: Jr. Ex. C,
H. T. McCurry: Jr. Ex. A, Mrs. F. A. Hughes;
C, D. T. Stuhlflre: A. a. Jessie Taylor: V.
C. C. A. Hutchison: A. V., Mrs. A. S. Ander
son; F. S., F. S. Jfcal: B. S.. C. S Rush; T.,
Sirs. M. E. Taylor: G., Bessie L. McCurry; I.
G., Bulah Seaman; O. G., Harry Waughtner;
Trustee. 18 months, G. Cromhlish; A. R. S.,
Ada Andeison: National Kepiesentativcis
, Mis. H. T. McCurry and C. S. Rush.
1. i.. Is. ciiuic uiiuucii una jiiaKiiicu 1,11a
following officers (or Pride of iVelcome
Council No. 33: Councilor, Fred Hoover;
Associate Councilor, Lizzie Miller; Vice
Councilor, Jacob Fording; Associate Vice
Councilor, Emma Schulz: Guide, Lilla Diet
rich; Inside Guard, Henrietta Case; ,Out
sldo Guard, Mary Froow alt; Trustee, Will
iam J. Bly; Representatives, Arthur M.
Fording and Emma Henderson.
Tlie Golden Eagles.
The following aro the pew officers of Kls.
klminetas Castle No. 223 of Saltsburg: Past
Chief, W. A. Micapher; Noblo Chief, J. H.
Miller; Vice Chief, J. A. Whitesell: High
Priest, J. C. Householder: Venerable Hermit,
W. A, Grant; Master of Records, G. W.
Myeis; Clerk of Excheqtior. T. N. Lowe;
Keeper of Exchequer, L. D. Hull; Sir Herald,
T. A Earhart; Worthy Bard, II. G. Sereene;
Worthy Chamberlain, J. C. Moore; Ensign,
H. H. Earhart: Esquire, C J. Martin: First
Guardsman, L. D. Hull: Second Guardsman,
H. E. Nowery; Trustees, J. E. Elrick, M V.
Patterson, H. E. Nowory: Representative to
the Grand Castle, T. A. Earhart.
X. O. O. F.
Next Monday night Garfield Lodge So.
3039 will meet at its hall, corner of Penn and
Wineblddle avenues, to comer the initiatory
degree on several candidates.
Patriarch Geo. Young Is taking a very
active part in the new encampment about to
be instituted in the East End, having pro
posed 15 candidates. At the present tlmo
about SO names are down for initiation.
B- A. Lamberton Encampment No. 125, has
Dlenty of work for next Tuesday night. It
has two candidates lor tbe Patriarch degree,
two for C.K., and two for the R. P. degree
and it expects a large turnout of members
and visitors.
Canton, Allegheny. No. 32 Patriarchs Mili
tant, held an entertainment last Tuesday
ultrht. There was a very fine turnout of
officers and cllbvallers. Canton, Pittsburg,
No. 18, paid a visit 'Which was heartily en
joyed by alL There were some very inter
esting remarks by the visitors appertaining
to that branch of tho order. Both of the
Cantons are doing well at present taking In
new chevaliers every meeting.
The institution of A. a Andres Lodgo No.
1049 L O. O. F.. of Homestead, named after a
prominent deceased resident of that place,
with the installation of officers for the new
lodge ror the ensuing year, which took place
in Mngdala Hall Wednesday, was an Im
portant event in secret society doings. Tho
new lnd?R was chartered by 68 former Odd
Fellows about two months ago. The most
important event of tho day was tho initia
tion rnmmnnv nf 7H new members in the
evening. Andres lodge has amemherslhp of
144 to start with.
Tuesday evening last was a very enjoyable
one at Alice Cary Lodge, No. 120. D. of R.
Visitors wero present from Nos. 14, 13S, 186,
238, 242 and others. The most Interesting
part of tho progrnmmnwas the presentation
of n very fine regalia and solid gold Jewel
to Mrs. Abbie Lvneh, Past President of the
D. of R. M. D. Wiley, P. G. P., in behalf of
the sisters of the State Assembly and
brothers of tbe Grand Lodge, in a short ad
dress, made the presentation. It was a
thorough surprise to the sister, but she was
able to respond in a very appropriate and
able manner. It is a magnificent girt record
worthily bestowed on a very deserving lady.
Improved Order Hep tasophs.
Which of the Pittsburg conclaves will ac
cept the challenge of No. 81T
Fourteen members of McKeesport Con
clave have been decorated with tbe gold
badge of honor.
The subordinate conclaves are receiving
large urmbers of applications for member
ship. This is no doubt due to there being no
assessment for July.
McKeesport No. 81 challenges any con
clave in Allegheny county to a contest. For
further particulars address Brother George
Beckett, McKeesport, Pa.
Organizer S. I. Osmond is now making the
examinations for the new eonclave to oe in
stituted in this city in sv few days. He ex
pects to stare with 50 members.
A baseball nine of Heptasophsisnow being
formed which will shortly issue a challenge
to any nine composed of Heptasopbs to play
baseball on Hoptasoph Day at Idlewild.
The invitations for the Heptasoph celebra
tion at Idlewild August 23 will be out this
week. Everything will be first-class.
Loerge's Orchestra will furnish the music.
Dopnty Supreme Archon Adolph Schmidt
promises to increase the membership of Mc
Keesport Conclave from 400 to 600 by this
time next year. Brother Schmidt can be de
pended on to do as he says.
The handsome diamond charm costing
$350 offered as a prize by Supremo Provost
M. G. Cohen, which as won by Brother W.
F. Fuller, of Eden Conclave No. 60. of Balti
more, Md.. Is now on exhibition at 36 Fifth
avenue. Members of the order are Invited
to call and inspect it.
McKeesport Conclave No. 81 had 191 mem
bers July 13, 1891, and increased to 400
July 13, 189., an increase of 209 members in
ono year. This work was accomplished by
20 of the active members of the conclave; of
this number Brother D. George Beckett
presented 34. This shows what can be done
by Individual effort.
C.M.B.ANotes.
Deputy E. T. Schney was a visitor at the
reunion of Branch 67.
A branch at Sharpsville will soon be or
ganized by Brother 11. Kahl, of Branch 6, of
Sharon.
Branch 56, of Butler, will hold its first an
nual basket picnic' Wednesday, July 20, at
Conneaut Lake.
Chancellor McGrady and Vice President
Meighan, of Branch 43, were visitors at the
installation ceremonies of' Branch 120.
A special train will be run from Connells
ville to the C. M. B. A. reunion Monday. Au
gust L Excursion rates have been arranged
to Allquippa.
Braneh 67 held a very enjoyable reunion
at Windsor Park Wednesday, July 13. Grand
Treasurer J. W. Sullivan graced tbe occa
sion by his presence.
The Advisory Council, Allegheny connty,
lias now representations from 45 branches.
This adjunct to the C. 51. B. A was organ
ized four years ago by Deputy Sullivan.
A meeting was held at St. Bridget's parish
Friday evening. July 15, to start a branch.
This branch will have one of tho largest
number of chatter members of any branch
in the diocese.
Branch 120 was instituted at Sacred Heart
Parish, Emsworth, Tuesday evening, July
12, by Doiiuty J. W. Sullivan. Brother
Ciphers, of Branch 43, was instrumental in
working up this branch.
Branch 119 wasinstitnted Satnrday even
Inr, Jnlv 9. in St. Brendln's parish by Dep
uty M. J. Clark, assisted by Deputy J. M.
Molamphy and Chancellors George W.Gard
n er, of Branch 38, and S. M. Geary.of Branch
92.
A very successful meeting was held at
Chanters last Sunday. It was addressed by
Deputy M. J. Clark and Brothers Dugan and
Mahaney, or Branch 41. The next meeting
will he held Sunday, July 17, at which time
the charter w ill be closed.
Total Abstinence Notes.
Mr. JoseDh A. MeNamee, who has been In
California' for the past month, returned
yesterday.
The local society ,of Mansfield and the
citizens generally are invited to attend tho
union meeting next Sunday.
Tho next monthly meeting of the Total
Abstinence Union will be held at Mansfield
Sunday next, July 24, at 2 r. M.
Tbe Tourist Club, of Pittsburg, will take
about 75 people to Indianapolis. A decidedly
pleasant time Is assured to all who go with
them.
An attempt will be made In the near fut
ure to organize a society at St. Andrew's.
Allegheny. Much good material is tnero
ready for tho reaper.
fPlia Tnrtla-na nnl la frtnwan t1fT t K mfsna Cl
J, tX3 iJlS-AAA JJVJiA J VVU st (IU1S &Un UJ V W J
firomises to be tlie most success mi in tlie
llstory of tho National Union. The dele
gates from tho Pittsburg Union will be
Messrs. Joseph A. Weldon, V. W. Yahuer
and P. W. Joyce.
Order or Solon.
Supreme Treasurer R. J. Godfrey assisted
in the organization of No. 213 at Columbus,
O July 7.
Altoona Lodge No. 209 comes Into the roll
of honor with its second assessment. This
is a record rarely surpassed.
Lodgo No. 211 was instituted July 1 at
Hallottville, N. V., and No. 213 at Kelly's
Corners, N. Y., July 2 by Deputy Tice.
Charter Lodge No. 1 continues at the head
of the list of subordinate lodges in member
ship and payments to the relief fund.
Applicants are initiated at every meeting.
Moltke Lodge No. 179 held an open meet
ing Tuesday evening at their hall, No. 32
East street, Allegheny. Addresses were
made by a number of the Supreme officers.
Brothers Folsom. Godfrey and Cole: also by
members ot the subordinate lodges repre-
Supreme Treasurer R. J. Godfrey and Mrs.
Godfrey entertained a small company of
Solonltes "Wednesday evening at their homo
on Webster avenue. Among those presont
were Supieme President Glenn I. Folsom,
Supreme Secretary A. S. Mundorff, wife and
daughter; Mr. and Mrs. Frank Blackmore, II.
I- Strickler and daughter, and Messrs. Rush
Lake and A F. Moses.
A number of the Supreme Lodge officers
will leave Wednesday lor Manhattan Beach,
Coney Island, where the reunion and ban
auct of the Long-term Endowment Orders
-will be held the lollowing day. It is ex
pected that Solon will be represented Dy
Supreme President G. I. Folsom, Supreme
Vice President G. A. Harper, Supreme Sec
retary A S. Muiitlorfr, Supreme Treasurer
R. J. Godfrey, Supreme Financier W. J.
Co vie and members of several subordinate
lodges. This reunion brings together for
mutual counsel and interchange or Ideas tbe
chief executive officers and numerous
lesser lights of all the six and seven year
orders. Addresses by several prominent
speakers, concerts by Gilmorn's Band and a
banquet in the evening are features for the
occasion.
General Lodge Notes.
Bessemer Tent No. 93, Knights of the
Maccabees, of Braddock, held a big reunion
and harvest home plcnlo at Ohio Pyle Falls
Thursday, to which all the tents In Western
Pennsylvania with families took part.
Allegheny City Lodge 252, Order Sons or St.
George, by an uuanlmous vote passed last
meet inr, granted to Its President, Harry
Denmeade, leave of absence to visit hi
friends in Europe with wishes that be may
enjoy his vacation and have a safe return.
Thomas A. Armstrong Council No. 291, 0.
U. A. H.. at its meeting Wednesday evening
admitted one member by card, conferred
the second degree on five and initiated five
in tbe first degree. No. 291 and Liberty Val
ley 311 have made final arrangements for
thelrjoint picnic at Windsor Park, P., F. W.
& C. R.R., Augusts.
Braddock's Field Lodge No. 510, F. A.
Masons, of Braddock, is one of tbe strongest
lodges in this part of the State, If not tho
State. It is also one of the oldest. The '
work accumulates so rapidly that an extra
meeting has been necessary each month for a
long while past. The regular meetings will
not be stopped through the summer.
Last Wednesday evening tho officers of
Pittsburg Lodge, No. 92. Order of the Golden
Chain, wero installed by D. S. C. George C.
Chambers. This lodge starts the new term
by being well officered and in a good finan
cial condition. Applications for member
ship come in nearly every night. Tho mem
bership has now reached 92 in good stand
ing. The order of Chosen Friends is an organ
ization about which little was known until
Brother G. W. Dean, of Allegheny, was ap
pointed Supervising Deputy Supreme Coun
cillor. He has succeeded' in securing tha
services of several good organizers, and at
tbe presont time there are more than 25
councils being organized In Western Penn
sylvania, and the prospectsfor a prosperous
campaign are encouraging.
SURPRISES AT JTDONALD.
Tne Old No. 1 Gambia or the Woodland
Sornc 40 Barrels an Hour Forest OU
Company's No. 2 Robert Wallace Light
In the Gordon Wells Das This Week.
There were some surprising developments
in the McDonald field yesterday. The pro
duction, as estimated by the men who are in
a position to know, was unchanged. A large
amount of work is being done, par
ticularly on the western horizon, where
there is a bunch of wells which will be fin
lshe up this week.
The Forest Oil Company's No. 2 on tho
Robert Wallace farm went into the Gordon
sand yesterday, but from the latest report
received it is likely to be anything but a big
well. A conservative estimate yesterday
placed it at from 50 to 75 barrels a day. They
were reported to have tapped a heavy
streak of salt water which will prevent it
from ranking among the big producers, at
least for the time being. It is located only a
few hundred feet northeast of the old 31eise
No..
J. M. Guffey & Co-'s No. 2. on tho Shane
farm, located three-quarters of a mile south
west of tho Meise, and the Florence Oil Com
pany's No. 4 Robb, are due next n eek.
The Oakdale Gas Company's No. 1. on tbe
Robb acre. located a mil and a half north
of Oakdale, which was roported as doing 60
Darreis an hour yesterday morning, was
doing 40 barrels n hour last night. The
Woodland Oil Compapy and the Oakdalo
Gas Company's No. 2, on the Lutz farm, near
the Robb ncre, is flowing from the 100 foot.
An Old Well Brought to Life.
One of the biggest surprises in the field Is
the Woodland Oil Company's No. 1, on tho
Gamble farm, located half a mile north ol
Oakdale. It was drilled a year ago, and
started off then at 125 barrels an hour. It
finally came down to 25 barrels a day, and
Captain Rogers used every method to bring
it up without resorting to glycerine. Fri
day evening, however, he put in a shot, and
the old well is now putting out 40 barrels an
hour.
Tho wells on the western horizon which,
will be in this week are Fitztribbon & Co.'s
No. 4, on the Walker fnrm; Siagle, Lenz
Friend's No. 2, on tho Noble: Forst & Green
lee's N". L on the Noble; and possibly the
New York Oil Company's No. 3, on the Fife
farm. Each one of these wells got a heavy
dose of salt water in the 100-foot, which has
delayed them manv days.
Greenleo and Fbrst's No. 1, on the Kirk
farm, in the Meise pool, which was erron
eously reported to be practically dry, has
been flowing for ovor 30 days and is still
doing 210 barrels a day. It has produced
over 13,000 barrels of oil. Their McLean lot
well Is dry beyond all question.
John Valliteo came up from Sistersville
last evening and reports that tho well of
himself and LeComte.on the Hubbard prop
erty, is doing 350 barrols a day.
fiervey Bros. ,t Bartlett's well is in and is
maklntrSlO barrels a da v.
The people of Momllton, Ark., have been
thrown Into a stnte of frenzied excitement
by tbe discovery of a strong vein of natural
eas at a depth of only102 'ect. A man named
B. F. Jones was drilling a water welL Ha
had gone down 10J feet without getting
water, and had taken tho drill ont for tho
night, when tho roar of escaping gas at
tracted people to the spot. He did not real
ize it first that It yas ga. Someone lighted
n brand and throw it into the gas, when It
ignited and lighted up the vicinity. A gas
company has already been organized to
utilize the find.
, 32it Qaugrs...
The gauges or the larger wells yesterday
were as follows: Meise No. 1, Lynch & Co.,
20; Morgan No. 2, Oakdale Oil Company, 25;
Robb No. 3, Florence Oil Company, 20: Sin
clair Oil Company's Nos. 1 and 2. 35: Craw
ford No. 2. Woodland Oil Company, 43;
Campbell No. 2, Forest Oil Company, 20,
Forst A Greenlee's No. 3 McMurrav. 45. No. J
Marshall 20, Oakdale Gas Company's No. 1
Robb, 40. The' estimated production was
23,000; stack in the field, 32,000.
Bans and Shlpmnnts.
National Transit Company runs on 15th,
40,558.
Southwest runs, McDonald division, on tho
15th. 26,66a Ontside pf tho McDonald,
8,040. BuckejePipe Line, Mncksburg divis
ion, 2,635. Eureka Pipe Line. 10.0i6; ship
ments, 2,218. New York Transit shipments,
27.389.
Tidewater Pipe Line runs on the 14th wero
4.056; total, 48,341; average, 3,453. Shipments
Total. 111,110: average. 7 S35. Runs on tho
15th wero 3,637; total, 5L932; average. 3,465.
Shipments Average, 7,407.
The OU Market.
The quotations on tho local floor wero
S2V52K: no sales. Refined oil New York,
6c: London, 4d; Antwerp, 13f- Bremen,
5-75f.
New York. July 16. The petroleum mar
ket was deserted to-day, and there were no
transactions In any or the certificates from
tbe opening until tbe close.
Oil Citt, July 16 National Transit certifi
cates opened nt52Jc; hlzhest. 52Jc: lowest,
52Jc: closed, 52c; sales, 10,000 barrels; clear
ances, 22,000 barrels.
Foreign Financial.
Paris, July 16. Three per cent rentes, 98f
2c. for the account.
Antwerp, July 16. Petroleum, 13Jf.pald
and selleri..
Loxdoit, July 16. 2 p. jr. Closing Con.
sols, money, 90 13-16; do. accounts,
96: New York, Pennsylvania and Ohio
Until.. 33J Canadian Pacific, 93J4: Erie
2tJ: Erie seconds, 107K- Illinois central, 104Ji;
Mexican ordinary. 21: St. Paul cmuion.
84'; New York Central, 113; Pennsylvania,
55g: Reading, 31: Mexican Central new 4s
71: bar silver, 39Jid: money, K per cent.
Rate of discount in the open market for
short bills, per cent; do. 3 months bills, K
1 per cent.
Philadelphia Stocks.
Closing quotations or Plilladelphls stocks fur
nished by Whitney Stephenson, brokers. No. 57
.roarin arcauc, mcmut -icit iw. ewwm .-
chinee:
Bid.
Pennsylvania Railroad M'i
Reading Railroad 30 3-13
Buffalo. N .Y. and Philadelphia. h
Lehith Valley MJi
Lehigh Navigation
Philadelphia and Erie 32
Northern Paclflc.com 20
Northern Pacific pref. S5K
Asked.
S4H
30H
7
eiH
M
33
20!
When Baby was sick, we gave her Castorla.
When she was a Child, she cried for Castoria.
When she became Miss, she clung to Castorla.
When she had Children, she gave them Cattorit
UBOKER3 FINANCIAL.
ESTABLISHED 1834.
John M. Oakley & Co.,
BANKXRS AND BROKER!
4CSIITH ST.
Direct private wire toNowTorlc and Gal
caco. Member New Yorr, Chloago and Pitts
burg Exchanges.
Local securities boughtand soldfor.osjl
or carried on liberal margins.
Investments made at our dlsoretloa aal
dividends paid quarterly.
Interest paid on balanes (sine UU).
Money to loan on call.
Information books on all market mailed
on application. fe7
Whitney & Stephensou
57 Fourth Avenue.
pJtMB