-'
THE PHTSBUKQ- ' DISPATCH, SUNDAY, JULY 24 -J 892.
STOCKS AND MOKEY.
The Volume of Investment and Specu
lation Continues to Rule Lijht.
5I0XEI FAS? AT ALL CENTERS.
Gossip About Some of the Specialties of
tie Local List.
STRENGTH OP THE HOME BANKS
Saturday, July 23. .
There have been no particularly note
worthy developments in the financial
world during the week ending to-day.
Money has ruled as abundant as ever at
home, and the improving feeling abroad,
noted a week ago, has been more marked;
but with the exception of a little exhibition
of life and buoyancy in "Wall street, and a
better feeling throughout the country in
consequence of excellent crop reports and
prospects, the situation has not changed
materially. A waiting attitude is still pre
sented in both investment and speculative
lines. In this section, as well as elsewhere,
the labor troubles have continued to exer
cise a depressing influence. Instead
of narrowing tliey have widened,
and tbs end appears to be some
distance yet in the future. Tho
tragic occurrence or tliis atternoon, the
shooting ot Mr. II. C. Frick in his office by a
lanatic not identified w itli the Amalgamat
ed Association, hut evidently in sympathy
with the locked-out Homestead wage-earners,
will nut serve todeciease the influence
of the labor troubles for the time beinsr,
thouch it may by its very awfulness serve
to basten their end.
Street Hallway Shares.
Under this head operations have been
light, and with one exception developments
of importance were lacking. Tne exception
was the resolution of the Central Passenger
Railway people to construct an electric
line to East Liberty from the terminus of
the Central Traction'sCenteravenuo branch.
The line, as outlined in The Dispatch ir'riday
1 to he a inrough line from East Liberty to
the citv and will run over the Central Trac
tion's tracks from Fulton street cityward
nnd back and in the Last End a portion or
the Duque-ne's track will be -utilized, the
new road to be operated by the Central
Traction Company. When tne contract be
tween the Duques'ne and the Central for the
uc by the former of the latter' downtown
loop for a consideration ot $30,000 cash and
75 per cent ot the cost of keeping the loop in
repair was entered into, a clause was in
serted giviug the Central Tractiou the right
to use certain portions of the Duquesne's
East End track for a consideration
of 75 per cent of the annual
cost of repairs, and it is In pur
suance of this nht that the Central Passen
ger Railway Company, viitnally the Central
Traction company, will utilize such por
tions of the Duquesne tracks as are neces
sary to tho construction of the new line.
The scheme is to ultimately extend the new
lonte to Wilkinsburg, and as soon as the
necessary ordinances nto secured work
will bo commenced. A Rood many people J
Deueve tne scneme originated witn me
Pittsburg-Duquesne combine, and tnat the
new road, if it is constructed, will eventually
be controlled by the combine.
Very little was heard about the Pleasant
Valley and Pittsburg, Allegheny and Man
chester deal. Some of its projectors de
clared to-day that it was still the
subject of official discussion, and that
with the exception of some minor details it
was practically closed up. A rumor was cur
rent during tne week that all negotiations
had been declared off, but it was said on
good authority to have no foundation what
ever. One ot the Pleasant Valley leaders,
bowever, sent written word to the Pitts
buig.Allegheny and Manchester people that
he would not consent to the deal on the ba
sis ol $1,600,000 ior the Pleasant Valley.
Pittsburg and Birmingham showed the
greatest weakness the argument being that
the road's traffic was falling off, on account
of the large number of mill men in idleness.
"Strikes in the iron trade hurt tho roads
traversing the mill districts," said a street
railway man to-day. "When the iron woikera
are idle thev and their families walk instead
of riding. The P. & B.. I believe, is hurt
more or less by the present troubles. The
Citizens' Traction is also affected, as well as
the Woods' Run branch of the P., A. & M.
Theae lines are always the first to feel the
effect of hard times. The Troy Hill branch "
of the P. V. Is also affected somewhat, and,
to a certain extent, the Second avenue line.
The Pittsburg Traction, Duquesne Traction
and central Traction companies are but lit
tle affected, and I believe their earnings are
larger than ever. Their July receipts will
beat the record."
Gas Shares.
Philadelphia Company has ruled firmer
during the week, and while some of the
otners have softened a little, the general
tone has shown increased bullishness. This
has been due to the causes noted a week ago
a belief that the leading companies were
in a vastly improved condition as to field re
sources, better management and a better fi
nancial condition. The Pinhook field is grow
ing in the estimation ot the public and there
is now little tear ot a scarcity of gas during
the coming tall and winter. Prominent gas
men say the Pinhook legion Is the best yet
worked, hut there are a lew who lack faith
in the staying power of the wells. Indeed, a
gentleman who lives onlya short distance
irom the well brought in last week by the
Equitable company, says some of the wells
are already showing a weakening tendency.
The Equitable well was tested one day this
week. It nas shut in a hall minute and
showed a pressure or 225 pounds. On this
showing it was rated the best well ever
struck in Allegheny county.
VtVstlnghouse Airbrake.
Realizing sales, accompanied by a little
bear talk about slow business and excessive
pioduction, tent Aitbrako off boinewhat,
ana the comments on this talk and the
course of the market excited eonio curiosity
to Know a little or tne history of the com
pany, particularly among Eastern people,
who sent a number of inquiries for informa
tion. The first TVestinghouse Airbrake patent
was taken out in ls69, but theie were no
operations under it, as improvements on it
were almost immediately made by Mr.
Wcstin-rhou-e and patented. The company
lias been putting out airbrakes,
however, about 23 years. The
quick-acting device, under which
the company is now operating, was patented
in 18S7, and. as the lile ot a patent is 17 years,
thUone has 12 years yet to run. lieloieit
expires by limitation, however, theie is as
surance that a lurther improvement
will bo made and patented which
will extend the company's practical
monopoly for auotner 17 years.
The original capital or the company was
$500,000, which was increased to $600,000 dur
ing the time tne company was fighting to
have its system adopted by the British Par
liament. Dunng this time the supporters of
the Limes vacuum system were aisofl-hting
for recognition by Parliament, but after a
long contest the home company came out
victorious and its systom was ordered into
U9e on all the railroads controlled by the
English Government. Then followed a
boom in the stock. The company soon had
an enormous levenue and paid enormous
dividends. One year it paid 110 per cent on
$600,000 and another year 1C0 per cent,
60 per cent legular and 110 speciaL
As the result of these fabulous
leturns, and the announcement that the
capital stock would be increased to $3 000.000,
the stock ran up to $500 per share. In 1864.
hon ever, the stock sold as low as 210 aud
luled between 210 and 225 for nearly two
years, owing to some hitch in the pro
gramme to increase the stock and make the
allotment. In the spring or 1SS6, however,
sales ere made as high as 300 cm the proba
bility that the programme would he carried
out as announced nearly two years pre
viously. In the tail of 1SS6 the increase to
$3,000.100 was made and tho increase al
lotted to stockholders in the proportion
of five shares tor one, and dividends
were commenced at tho rate of 16
per cent per annum. Shortly thereafter the
new .stock was traded in at about 98. In
January. 1SSS. the canital stock was further
increased Horn $3,000,000 to $5,000,000, which is
its present proportion. One million of this
increase was divided up among the stock
holder aim the other million sold at par
to railroad people in consideration or
their adopting the brake. Alter this move
ment the market lor the stock ranged irom
115 to liO, occasionally rising above 120. In
8U the panic and tho Westingliouse electric
irouble nuit An brake somewhat, and in
the spring of 1ST1 it sold as low as
SO. In July, lsJL the first regular
dividend ot 5 per cent was de
clared, folloning wnich the price com
menced to move un, the advance culmin
ating in sales at 135 a lew weeks ago. Then
the labor troubles set in, new orders came
in slowly aud a sagging tendency ensued,
which has been helpeu along during the
past week by the realizing opeiatious of
those who got in at about 100 a year1 ago.
No sales have occurred lately below H5, bnt
there is said to be a little offering at that
price.
Regarding the operation of the works an
official of tho company said to-day that the
company's woiks are seldom run up to their
capacity throughout the entire vear. Busi
ness comes by fits and starts. They always
have a surplus production. They nre com
pelled to have it, as sometimes orders are
received of such magnitude that they could
not bo filled, largo as Is the company's ca
pacity, uuless thev carried a surplus. The
icason a building is being elected at Wil
rucrdlng to store excess production in is
because there is not room in the works
proper to store it in conveniently. The
company had a storeroom in Allegheny, but
they have never had one in Wilmerding.
WeMingliomn Brake Company Limited.
Reports Just received from abroad Indi
cate that the English Brake Company is in a
very flourishing condition. The company has
recently completed new works in London,
which aro running to their full capacity,
&nd is now building new works in Paris and
enlarging the old works in Hanover. It
recently entered into a contract with the
Government for tho equipment of all the
rolling stock of the German State rail
ways with the new quick-acting brake.
Many of these cars and engines were
formerly equipped with the Carpenter
brake, which has now been discarded. The
company has also recently made a contract
with the Roumanian State railways for tho
snbstitution ot the quick-acting brake in
place of the Hardy vacuum brake hereto
fore used. Gieat advances have also been
made in Belgium, Switzerland and Aus
tralia, and the company is now greatly
crowded with orders. The greater part of
this new business comes from vehicles used
in passenger traffic, but in Belgium the
Government, which owns the railroad,
after long experimenting, is now giving
consideration to tho application of the
brakes to the freizht equipment, and partic
ularly to the portion used in military oper
ations. Thee additions to the business of
the English company will be interesting to
the stockholders of the local companv. for
the latterhasin Its treasury over $1,000,000,
par value, of the stock of the English com
pany. La Nnrla Mining Commnj.
An inquiry regardingLaXoria Is answered
as follows: The La Noria Mining Company
was incorporated January 14, 1885, with a
capital ol $5,000,030, par 25, full paid and non
assessable, for the purpose of silver mining
in the State of Zacatecas, Mexico. The
mines were formerly worked by the Mexi
cans, who, however, did nothing but surface
mining. Shafts were sunk by the La Noria
people, but nothing or consequence was
ever taken out. "What little silver they suc
ceeded in getting was stolen, we be
lieve, by some Mexicans while it was
in transit to a point where it could
be shipped to Pittsburg to cure
the sore eyes of the stockholders. The
highest point the stock ever .touched was
$6 50 in Mnv, 1SS7, and the lowest 12c some
time in 1890. In 1889 the Motolina Mining
and Developing Company was organized to
lease and operate the La Noria mine for a
teim of ten years, the capital being $2(4) 000,
par SL full paid. This company Has been
operating three years, but that they have
not fnnnd much in the lower levels is evi
denced by the lactthat theynow want $75,000
more, a portion to be used to liquidate in
debtedness and the remainder for working
capital in further developing the mines.
They have seven years yet to de
velop, if they want them, at the end of
which period tho property is returned to
the La Noria people. They may strike it
rich and they may not, bnt the chances are
that if they do very little will be left for the
original La Noria stockholders. In short,
the French epigram, "Nothing can come of
nothing," seems to be especially applicable
to La jNona.
ITow Our Ttanks Stand.
Pittsburg has SI incorporated banking in
stitutions, exclusive of private banks, with
capitals, deposits, etc., according to the
figuring of A. J. Stoney, Jr., as follows:
Surplnsand
Undivided
Xo. Capital. Profits. Deposits.
National banks.27 til. 0,0.000 $7,813,365 515.1M.K6
TlustC'mp'n's. 4 1,490,540 25.1,493 5,444.432
btale and other
bauks 20 S, 4:0.237 2.971.115 32.2S9.813
000,000 in specie. The outlook for money in
dicates continued low rates."
Clou, of the Market.
The. only transaction on call at the Ex
change to-day was in Westingliouse Electrio
new common, 50 shares selling at iVi. After
the close 28 nas bid for ten shares. Closing
bids and offeis:
BAXK STOCKS.
Bid.
. 70
. 65
Arsenal
Citizens' .National Bank
Exchange National Bank.
First National Bank. Pittsburg..
lourtli national Bank
Iron Cltv National Bank.....'
Iron and Glass Dollar Savings
Liberty National Bank 10S
Mer. .Manufacturers' Nat. Bank
Monongahela National Bank. 136
Second National Bank 265
Third National Bank. : 115
Enterprise Savings, Allegheny 70
IXSUBANCX STOCKS.
Humboldt sjif
Western Insurance Co '..
NATURAL GAS STOCKS.
Brldgewater 25
Manufacturers' Gas Co
People's Natural GaaandP. Co
Philadelphia Co 18&
FASSEXQER KAIL WAT STOCKS.
Central Traction 29
Citizens' Traction 61)f
Pittsburg. Traction ".
Pleasant Valley. 255$
RAILROAD STOCKS.
Chartler Railway a
Pitts., Wheeling & Ky SOX
COAL STOCKS.
N. T. C. Gas Coal Co S0)i
MISIXO STOCKS.
Bed Clond Mining Co
Enterprise Mining Co
ELICTRIC LIGHT STOCKS.
Eastlnd
W estlnghouse
MISCELLANEOUS STOCKS.
Asked.
67"
lii"
1:4
85
175
74
TTnion Switch and Signal Co
Union Switch and Signal Co. pref..
Westingliouse Airbrake Co
Westingliouse Drake Co., Lim.'...
Standard Underground Cable Co...
Ex. dlv.
1534
27
lZ'i
19
van
62
S9M
284
M
SIX
2
50
18H
35
1MJ
00
75K
MONETARY.
The local money market has ruled quiet
all week, with discount rates steadily held
at 56 per cent Eastern exchange and
enrrenoy have traded even.
In conversation with a Wood street broker
this morning he talked of the situation as
follows: "The hanks generally are in a com
fortable position. Thoy have large deposit
lines, it is true, but their discount lines are
alsolaree. The demand is slack; but I do
not believe there is any shading of rates.
There is nothing doing below 5 per cent,
even on sharp call. I do not believe there
are ten loans in the two cities be
low 5 per cent. The trouble at Home
stead, I think, will end in a vic
tory for the owners of the big
mill. If snch proves to be the case the
trouble, despite the great cost, will not have
been in vain. It will demonstrate that there
Is some assurance of protection for capital
invested in manufacturing properties, and
money will be easier to obtain for this class
of investments."
New York, July 23. Money on call
easy with no loans, closed offred at c.
Prlmo mercantile paper, 33i6 per cent.
Sterling exchange quiet b'it steady nt $4 87
for 60 day bills, and $4 S$H for demand.
Totals 51 $13,911,227 $11,013,975 $31902.621
The combined resources of these banks
and trust companies, as complied from the
last statements, are:.
I AEFETS.
Loans and discounts ) J54.SSS.4S4
Loans on bond mortgage J 6. 9(4. 633
Over drafts ,
U. S. bonds for clrcalatloi:.,
Investment securities
Heal estate and fixtures
Cash on hand and In banks..
Exchanges for clearing House,
Miscellaneous assets
.$23,470,799
1,U3.316
-$81,781,177
81, 1UZ
1.805,000
16,738,643
5,477.750
LIABILITIES.
Capital stock paid in....,
Surplus and profits......
Circulation
Deposits. .................
Due banks................
, $74,972,603
7,930,022
$25,403,115
das. .17
$111,813,004
15.911.227
11.043,975
1,53,870
Dividends unpaid
Bedlsconnts
Miscellaneous liabilities..
$82,902,63
171.537
21a UI0
74.770
$111. 843.0 4
The aggregate amount paid in dividends
by 50ot the-e in-titutions during the past
year was $1,098,632, an amount equal to 6.9
per cent on the combined capitals. During
the same period the banks inci eased their
surplus and profits $996,148. or 6.26 per Cent,
thus showing the total earnings lor the year
to have been $2,094,780, or 13.16 per cent; the
total earning ot t lie 27 national banks hav
ing been $1,388410, nnd that of the 23 State
banks and others $636,370.
Financial Notes.
The TTestinghouse Electric Company
have contracted through their Boston office
with the Wakefield & Stoneham Street Rail
way Company, of Wakefield, Mast., for fonr
car equipments, consisting of two 20-horse
power Westinghouse single reduction mo
tors lor each car. Tho road will be in oper
ation August L They have also just
closed another con ti act in Brooklyn with
the Brooklyn and Now Town, Railway. It
calls for lour 300-horse power generators
and the equipment of 50 cars witn motors.
Tho engine and generators will be the same
as those built lor the Central Traction Com
pany, of this city, which was the first to
adopt this improvement.
Holidays will be observed in the Liver
pool market irom Friday evenim- .Tnivi
unul Wednesday morning. August 3.
From :piouI & Co.'s market letter: "Ball
road men talk encouragingly regarding
business and earnings, and the'Secretary of
the Treasury comes out squarely to the ef
fect that the Government will not restrict
its payments ot uold. The latter fact may
have some beneficial influence abroad,
where something is certainlv neerie 1 tn
stimulate interest and confidence in Amei
ican securities."
Sales of Luster were reported on the
street to-day at 11.
An application has been filed with the
Compti oiler of Currency for authority to
organize the Wilmerding National Bank,
Wilmerding, Pa by John F. Miller, of Wil
merding, and his associates.
ShnrpsburK Council last night passed 01
dinnnces granting rights or way through
that town to the MUlvaic, Etna andShaips
burg Street Railway Company. The latter
is practically tne Pittsburg, Allegheny and
Manchester Traction Company, which will
extend its lines to the boroughs named.
At the annual meeting or the Union Elec
tric Conduit Company, held yesterday, the
following officers and directors were elected:
President, Geoige L Whitney; Secretary, E.
E. Hamilton; Treasurer. 'Ilenrv Metzgei
Directors. George I. Whitney, D. Leet Wil
son, Henry Metzzer. John G. Stoil-p n. v.
Hamilton. A dividend ot 3 per cent was de
clared payable forthwith.
Three tunks of oil, one at Bexford, PoJ
and two at Allegany, N. Y., having a total
capacity of 105,000 barrels, were destroyed
by fire yesterday, and the Secretary of the
Exchange has received notlen nf , ...,.
ment of six barrels on every 1,000-barrel cer
tificate tb pay the loss.
John D. Bailey sold 25 shares Exchange
atlonal Bank off 'Change to-day at 85.
The recent decline' in Pennsylvania Ball
road stock is now said to be in consequence
of sales by English stockholders who Uo not
understand the' varied nature of the com
pany's traffic. The annihilation of the
whole Carnegie plant and the entire loss or
the tonnage now derived from it would not
affect the Pennsylvania materially aud cor
taluly not enougn to cause any difference In
the dividends received by shareholders.
The improyed prices for coal and increased
freight rates that will accrue tp the com
pany through tho anthracite deal areVorth
much more than the Carnen-ie nmn i- tin.
portantasit is.
The report is revived that Vice President
A. J. Cassatt will succeed President George
B. lloberts, of the Pennsylvania Bailroad,
upon, the latter's return Irom Europe. It
nuum seem quite as reasonable to suppose
that Mr. Roberts would have resigned be
lore rather than after the trin to Europe.
All tho street railways in New Orleans are
to be consolidated under one management,
which will operate them bv electric power.
The deal involves $10,000,000. Philadelphia
and New York people are in it.
Watson & Gibson to Oakley & Co.: "The
condition and piospects summed up: Tne
volume of transactions indicate an improve
ment. Crop prospects decidedly .better.
Gold exports checked. Treasury gold bal
lance inci eased. Congress done little harm.
Labor situation worse in respect to number
or men on strike, but tu& indicates an
earlier termination of tho trouble. The
bank statement to-day shows nearly $3,000,
000 In the reserve and an Increase of over $1,-
Clearing House Figures.
Plttsbnrr
Exchanges to-day. $3,805,767 43
Balances to-day 3S8.39S 69
Same day last week:
Exchange $2,319,213 30
Balances., 433,234 89
The clearings of the past two weeks com
pare as follow:
Exchanges this week $16,193,417 21
Balances this week 2.4H1.180 55
xchanges last week 15,8.19,.'.2I 92
Balances last week 3.480.083 72
For the week of 1891 correpon4hng with
this week the exchanges were $14,404,551 45.
Total exchanges to date. 1892, $427,731,490 28: same
time last year. $385,800,187 90: gain this year. $,
931.302 38. J t
New York, July 23. Bank clearings to
day. $102,251,260; balances. $5,015,783. For the
week Clearings, $570,333,980; balances, $34,
015.816. BosTow, July 23. Bank clearings to-day.
$15,313,040; balances, $1,821,818. Money 2
3 percent. Exchange on New York, par to
5 per cent discount. For the week Clear
ings, $91,532,364: balances, $11,454,181. For the
same week in 1891 Clearings, $81,079,766; bal
ances. $9,742,256.
Philadelphia. Jnlv 23.-Banlr eleann-rs to
day were $11,173,183. and balaroes $1,492,658.
Money 2 per cent. For the week bank cleni
lH2M were $70,857,208. and balances $10,678,219.
Baltimore. July 23. Bank clearings to-day
.weie $2,494,031; balances, $379,731. Money 6
percent.
Chicago, July S3. Money firm, and un
changed. Bank clearings for the day, $16,
320,825; for the week, $97,414,720. New York
exchange 10c discount. Sterling exchange
dull and unchanged.
St. Lotns. July 23. Bank clearings, $3,aS0,
234; balances. $J0,720. Clearings for the
week, $23,585,195: balances, $2,732,121. Clear
ings Inst week, $23,727,065; balance-, $3,012,145.
Clearings corresponding week last year, $22,
284 592: balances, $2,888,744. Money quiet at
56 per cent. Exchange on New York par.
MiiSirMS, Texk., July 23. New York ex
change selling at $1 50. Clearings, $314,253;
balances, $193,233.
New Orleass, July 23. Clearings, $886,670.
comsummatlon. Latrobo Is coming to the
front us n lively real estate center.
Oliver Bros, bavo purchased a large strip
of ground, now used by tho West Penn Hall
way, on Preble avenue, Allegheny, adjoin
ing the Tremont Stove Works. The acquisi
tion Is presumably for the railroad.
Mr. Andrew Hopkins, of Baxter, Thomp
son A Co., has purchased 40 feet rrontage on
Fifth avenue, Fourteenth ward, near his
residence, which he will improve with two
stores. He paid a little less than $200 a foot
front.
Black & Balrd have sold a. property on
Filth avenue a short distance beyond the
court Mouse, but reserve particulars.
Barney Force, well known in tho oil trade,
has made an investment In Fifth avenue
realty.
James W. Drape A Co. sold during the
week 150 feet of ground on Liberty avenue
for $13,500.
Pejter'shields sold lot No. L 29x125 feet to a
15-foot alley, located corner Gertrude and
Lydta streets, in the Schenley Park Lund
Company's plan. Twenty-third ward, for
$800; also lot No. 186, 31x90 feet, on Hoosao
street. In the Greenfield avenue plan.
Twenty-third ward, for $600; also for the
Schenley Faik Land Company lot No. 2, 25x
i23 feet to a 15 foot alley, on Gertrudo street.
Twenty-third ward, for $53).
Baxter, Thompson & Co. sold for Frank J.
Kost lot No. 64, Bank of Commerce addition
plan, Brusbton, situated on the northeast
corner of Grazier and Harriet stroets, 40x137
leer, ior $1,050: also lot jno. 76 Knch place
Slim, Thirteenth ward, fronting 22 reot on
uch street and extending back about 90
leet, for $400. The purchaser will improve
at once.
Black & Balrd sold for C C. Watt, or Phila
delphia, a frame dwelling, No. 721 Ivy street,
Shadysirte. with lot 49x120 feet, for $5,400.
John K. Ewing & Co.. sold to James P.
Raymond a lot 50x150, on Grant avenue In
the Watson subdivision. East Bellevue, for
$1,000 cash.
Charles Somers Co. sold forHattie C.
Barthelmes to Morris Feigbaum, four lots
comprising a frontage of 100 feet by 117 feet
in depth, with a frame house of six rooms,
situated on Nelson street, Twenty-flrst wni d.
ior 5a,ow; niso, to .Frederick Boiling, lot No.
7 in the Williams plan of lots, Nineteenth
wai d, having a frontase of 40 leet on Chlslett
street, and extending in depth 100 feet to a
20-foot alley, ror $1,400, or $35 per front foot.
AHesBros. & Co. sold ior Charles Dixon to
Mrs. M. C. Laughlln, No. 50 Gum street, a
frame dwelling or six rooms, and two lots,
20x59 each, for $1,950 cash.
Moore & Kelly.sold ror the Caldwell estate
a Penn avenue property for a nrlce approxi
mating $27,000: also sold for E. C. Lady to
Joseph H. K'jgg the property at the north
east corner of St. Clair and Hays streets, lot
34x100, for $5,600: also sold for David Kauff-
man two lots on the southeast corner of
Archilles and Shetland avenues, 45x100, for
$2,900: also sold to a prominent business man
n property on Center avenue, near Roup,
00x200. price confidential; also sold for Lewis
A. Hoke to B. S. Biggs a lot on Bennett
street, Brushton, for $1,050; also sold fop J.
F. Shannon to Mrs. S. A. Boner a lot on Her
mitage street, 25x140. for $500; also sold for
David Kauffman to John Hughes the north
west corner or Shetland and Archilles
streets,45xl00,ror $2,900: also sold two lots ror
J. S. Holland to S. A. Meyers, each 22x100, for
i,jw, aiso so:a to vm. scott Moore, repre
senting a syndicate, a property ior $28,000
cash: also sold for J. S. Holland a lot on
Collins avenue, 30x100. to Mrs. H. Eakman,
for $1,250; also sold for Dr.T.D. DavU a lot on
the north side 01 Rural avenue. 61x218. lor
$6 000. all improvements paid; sold for J. H.
Rugg to Mrs. Jane Miller the property corner
Hays and St. Clair streets, lot 34x100, for a
Dime approximating $6,000: alo sold for
George Morrow to H. W. Marthens a five
roomed lrnme house and lot, 25x100, on
D.itry avenue, for $2,100 cash: also sold for
Mis. Jane Miller to J. 'H. Rugg 4 lots on
Brushton avenue, each 50x130, lor $G,t03; also
sold, In connection with S. E. Pool & Co., tho
property at the northwest corner of Penn
and Negley avenues, for $30,000 cash, the
purcasher being W. A. McCool.
f)0CifiTi
Contributions for this department shonld
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 valuable 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. TJ. A. M.
Welcome Council No. 134 is coming to the
front with lots of new members.
Brothers Wood and Fording, of Welcome
134. were certainly a whole council them
selves last meeting night.
The next meeting of the Monongafiela Dis
trict Assombly of the Jr. O TJ. A. M., which
will be held under direction of General J. K.
Moorchead Council at Port Perry, will elect
officers for the coming term. c.
Liberty Bell No 627, Jr. O. TJ. A. M., Mar
garet A. Dushane No. 48, D. of L., will give a
musical and vocal programme on the boat,
Gtjskv.at their excursion Wednesday. Danc
ing will be the feature down stairs while the
programme is executed. Some who will
contribute to the pleasure of the occasion
are Miss Clara A. Smith, Mrs. Tillie George
Stonerod. Mr. Fred C. Brittain. Mr. James
Collins, Miss M. L. Timms, and Miss May
Smith.
Fort Pitt Council No. 220 has elected and
installed the following officers: Councillor,
O. Chambers: Vice Councillor, S. J. Patton;
Recording Secretary, W. Falkenstein; As
sistant Becoi ding Secretary, G. W.Hughes;
Financial Secretary, E. C. Johnson; Treas
urer, W. B. Brindley; Conductor, N. Miller;
Warden, Charles Cramen Inside Sentinel, C
Meyers; Outside Sentinel, a W. McKav;
Trustees, D. H. McFrederick and E. E.
Smith; Representative to State Council, S. M.
Tillbrook.
At tho last meeting or Braddock Council
No. 299, the following officers were elected:
Councillor, IL H. Fogle; Vice Councillor,
Henry Shephnrd: Secretary, John S. Lowry;
Assistant Secretary, Geore Jackson; Fi
nancial Secretary, A. J. Wnodside; Con
ductor, William Hervey; Wniden, Curtis
Callahan; Inside Sentinel, Harry Glunt; Out
side Sentinel, George House, Jr.; Treasurer,
D. N. Kier; Trustee, Curtis Callahan; Repre
sentative to State Council, George House,
Jr.; Alternate, A. J. Woodside.
General J.K. Moorehead Council No. 193, of
Port Perry, has elected the lollowlng new
officers: Councillor, Fred L. Keyser; Vice
Councillor, II. C. Carter; Recording Secie
tary, Joseph E. Menges; Assistant Recording
Secretary, James J. St. Clair; Financial Sec
retary, ll. W. Bolllnuer; Treasurer, C. H. Mc
carty; Conductor, A. G. Bennett; Warden,
William Rdder; Inside Guard, John Dooley;
Outside Guard. F. B. Wood: Trustee, W. S.
Tannehill: Representative to State Conncil,
J. E. Menges; Alternate, H. W. Bollinger
new member and received one application
for membership at the last meeting.
The elegant charm to.be presented to
Brother iV. F. Fuller, or Baltimore, which is
now on exhibition at 36 Filth avenue, has
created a great deal of favorable comment.
Bessemer Castle, Independent Order of
Hentasophs, No. 78, of Braddock, is making
extensive arrangements for a big open
meeting to occur in about two weeks. An
excursion will follow later in the season.
Organizer S. I. Osmond, assisted by the
Supreme Conclave officers and members of
the various city conclaves, will institute a
new conclave with 50 men next Wednesday
night in Davis & Watson's new hall, No. 4124
Butler street, city,
There is some talk of Pittsburg Conclave
No. 89 accepting the challenge for a contest
for membership issued by McKeesport Con
clave. This would make uninteresting fight.
Thev are now equal in membership, each
conclave having 400 names on its member
ship! oil.
A baseball club composed of il. E. Holmes,
T. M. Wood, M. G. Cohen, C. C Brand, A. H.
Mercer, F. P. BIythe, M. Schroeder, L. K.
Logue, S. P. Sadler, Dr. G. A. Mueller and C.
F. Wnrde hereby challenge any club of Hen
tasophs to play a game of baseball for the
suppers for tho two clubs, the game to be
played Hoptasoph Day a: Idlewild.
Royal Society of Good Fellows.
The new Assembly at Youngstown will be
ready for institution at an early date.
- McKee's Rocks Assembly No. 267 is initiat
ing new candidates at every meeting.
Karma Assembly No. 277 initiated two new
candidates at its meeting Tuesday nightand
had a fraternal visit from Pittsburg Assem
bly. No. 234.
Dawson Assembly hold its first regular
meeting Wednesday night, July 20. lu suc
cess and prosperity is assured. The charter
is open for 60 days.
Pittsburg Assemhy No. 234 expects to in
stitute a new Assembly at Hyndman,
Bedford county, Pa., in the very near
future, with a charter list of fifty members.
Brother Lincoln Weller, of Dawson Assem
bly, will do the organizing.
Saturday evening, July 16, the members of
Pittsburg Assembly No. 234, assisted by the
members ot McKee's Rocks Assembly No.
267, Karma Assembly No. 217 and Allegheny
Assembly No. 103. instituted Dawson Assem
bly at Dawson, Fayette county. The meet
ing was called to order at 8 o'clock by P. R.
James H. Crawrord, of No. 234, who appoint
ed officers for the evening. Fourteen of the
charter applicants being present, they were
duly initiated nnd the following officers
elected and installed: R.. P. G. Smith: I.,
John C. Livergood; C, James M. Goodwin;
P. R., Lincold Weller; Secretary, Frank S.
Kenison; Financial Secretary, William R.
McManus; Ticasurer, Singelton Sell rock;
Pi-elate. George X. Householder; Guard,
John W. Kelly; Sentry. Jesse F. Cogan;
Trustees, J. S. Thorpe, Charles H. Buter and
C. L. Kellenbeck.
New York Bank Statement.
Reserve. Increase f 2,856,650
Loans. decrease 2.u57.6ifl
Specie, increase. J. 153.200
Legal tenders, increase 1,741,700
Deposits. Increase 18i,nro
Circulation, decrease 101 100
Amount above legal requirements 13,063,'soo
INTENSELY DULL
The New Tork Stock Market Without Char
acter From Any Standpoint -A Lack of
Offerings and a Light Demand From
Shorts Responsible for Fluctnatitns.
New York, July 23. The operations in the
stock market to-day reached about the min
imum and possessed no character from any
standpoint, the fluctuations being due simply
to the lack or offerings with a slight demand
to cover shorts. The trading element was
inclined to press the market down at
the opening and first prices were slightly
lower than those or the previous evening
but support was found and no inducement
to risk an opposition to the general senti
ment appearing, the pressure was quickly
withdrawn. Under the limited demand,
however, prices slowly appreciated, but
among even the most prominent shares
fluctuations over V per cent were rare. The
Minneapolis and St. Louis stocks furnished
some diversion in tbe late trading, the pre
ferred rising a large fraction, but there was
no accompanying animation and the market
felt no stimulus f 1 0111 the movement. The
close was intensely dull and firm.
Railroad bonds were equally as dull as
stocks, and on a business or $378,C00 no
tendency in tbe aotive Issues was apparent,
though the firmness of the market was evi
denced by tbe gain among other issues.
Government bonds were dull and. firm.
Close of the list:
Foreign Financial.
Jjotcdos. July 23 Amount of bullion ronn
into the Bank 01 England on balance to-dav
XI 15,000. '
Lospow, July 23, 4 p. M. Closing Consols.
95 5-16: do. account, 96 15-16: New York, Penn
sylvania and Ohio lts, 33J Canadian
Pacific, 93Ji: Erie, 27K: Erie seconds, 107K:
Illinois Central, 105: Mexican ordinary, 2lfe
St. Paul, common, 84: New York Ccnttal,'
115; Pennsylvania, 56: Reading, 30; Mexi
can Central, new 4. 71; bar silver, 395d.
Money percent. Rate of discount in tne
open market lor both short and three
months' bills, per cent.
REVIEW OP REALTY.
Charged Conditions of the Cltv Urged by
Owners for Higher Yalo.es Building Re
sults of the) Tear Entirely Satisfactory-
Special News and Gossip.
Although tbe realty market durinij the
week was productive of no large transac
tions, occupying a waiting attitude as usual
at this season of the year, it was marked by
more business and a larger inquiry than a
year ago. Tho number of transfers, sales
and leases, ranginj from $50,000 down
ward, was sufficient to redeem the mar
ket from dullness. There would, of course,
have been more business if owners had
shown any disposition to modify their ex
alted ideas in regaW to values. "The situa
tion, briefly stated, is about this: There has
seldom been a better inquiry for all kinds of
property. Money is abundant, and is anx
iously seeking investment. Real estate Is
preferred to almost everything else, but
purchasers want it on a basis that will yield
a fair return, present or -nvniinfiM-
Owners no doubt recognize the force of this
position, but do nothing to bring about 'an
accommodation. They hold out lor ex
treme values and refuse to make conces
sions. In spite of obstacles, which it is not neces
sary to point out, building operations are
being prosecuted on a scale rarely surpassed
at this season of the year. In proof of this
statement it is only necessary to cite official
figures of the Building Inspector's depart
ment given in this column from day to day.
Statistics for the year to date show that
permits have been Issued for the erection of
upward of 1,200 houses and alterations
equal in most cases to original structures, at
an estimated cost of nearly $2,000,000. Ii to
this were added tbe improvements beyond
but contiguous, to the city limits, the totals
would be swelled to such nronortlnn
would surprise even those lalrly in touoh
with this branch' of activity. Pittsburg is
growing at a rate to readily absorb about all
the houses of the right kind that can be put
on the market.
The Standard Manufacturing Company Is
ready for bids on its large plant on Preble
avenue. Ninth ward, Allegheny.
Ground has berfn broken by Major Pente
cost for 14 brick houses on Preble avenue
Mlnth ward, Allegheny. That he intended'
this work was mentioned a tew days ao
As showing the falsity of the impression
that realty it dull. Baxter, Thompson' & Co
have made 18 sales this mouth to date, abro
gating upward of $100,000.
Hanover street,Allegheny, is to be widened
from the railroad to Preble avenue
Allegheny City Councils are agitating the
purchase of the Watson and other proper
ties on Perrysville avenue for park -pur-
Mutual Union 6s.. ..110
N.J. C. Int. cert....liO&
Northern Pac. Ists..ll63
Northern Pac. 2ds..ll3h
Northwestern con. ..133
Northwestern deb 5si(N
SUL. I. M. gen. 5s. 8SK
SM..&S.F. gen.M..106?
bt. Paul consols. ...129
St,P.Chl.&Pac.Ists.ll8
T. P. L. G. tr. rets.. M
P. K. G. "tr. rets . 27
Union Pacific lsts...loi?
West Shore 103
Ii. U.W. 1st 8OJ4;
TJ. S. 4s, reg U6
U. S. 4s. coup 116M
Doais iuu
Pacific 6s of '05 116
Louisiana stamp 4s.. OIK
Tenn. new sets iw
Tcnn. new set 5s.. ..101
Tenn. newset3s 74
Canada South. ;ds...!03i
Cen. Pacific lsts 105
Den.&R. G. lsts...117
Den. 4U.G. 4s V4
Krie2ds 105X
M. K. AT. gen. 6s.. n
M. K. AT. gen. 5s.. 45)4
Bid
Mining shares closed as follows:
Cliolor 50iOnhlr
. . . ......
t;rown roint
Con. Cal. & Va
Deadwood
Gould and Currv..
Hale and Norcross
Honiestake
Mexican
North Star
"Ontario
Asked.
The total sales of stocks to-day were 30,569
shares, including: Atchison. 1,459: Cblcazo
Gas, 2,400: Louisville and Nashville, 1,050;
Reading, 1,900: St. Paul, 2,670.
The following table snows the prices of active
stocks on Hie New York Stock Exchange.
Corrected dally for THE DtSPATCn by Whit
ney Stephenson, oldest Pittsburg members of
New York Stock Exchange, 57 Fourth avenue:
MMPmnonth
SHOiSierra Nevada
210 standard
'M Union Consolidated.
. US
.1350
. 140
..650
.4150
1 eilow Jacket .
Iron bllver ,
Quicksilver
do preferred ,
Bulvrer
,. 250
,. 100
. 100
. 140
. 75
55
. no
. 40(1
.2000
. 30
Knights of Fythla.
Get ready to be In line August 17.
Leader Lodge keeps up the good work.
Hone Lodge, of Allegheny, will turn out
over 100 membeis in open carriages in tbe
parade on August 17.
Mt. Sinai Lodse 4S0 conferred the Esquire
nnd Knight tanks on two and three respect
ively on Thursday evenig.
The seventeenth annual excursion of
Smoky City Lodge 292 last Saturday was a
success in every particular.
When Mt. Sinai Division and the new divis
ion at Braddock is instituted, Allegheny
county will have eight divisions.
George Hawkes, Grand Keeper of Records
nnd Seals of Pennsylvania, was in the city
Friday, the guest of Grand Vice Chancellor
John J. Davis. ,
Mt. Washington Division, No. 52, Uniform
Rank, has 11 new members to add to their
division. They claim they have the finest
drill hall in the county.
The following are the marshals of the
various divisions ror the parade on August
17: Chief Marshal, Josepli L. McElhaney,
Oakland Lodge 421; the First'divition will be
composed entirely or the 'Uniform Rank;
Second division, Heber McDowell, Great
Western 345; Third division, J. H. Herplch,
Fort Pitt 170: Fourth division. W. H. Stauffer.
or Hope Lodge 243.
The special train carryingthe Grand Lodgo
officers and representatives and friends
from the East will arrive via B. & 0 R. R.
on Tuesday morning, August 16, at 6 o'clock,
and will be met by the members of the
Grand Lodge Reception Committee. It is
expected a large number will bo on the
train. Theunllorm divisions fiom the East
will be on the train.
The Grand Lodge Reception Committee
held a well-attended meeting on Tnursday
evening in the Council Chamber. City Hall.
Much important business was tiunsncted.
A number of recommendations or the Ex
ecutive commitee were adopted relating to
finances. Chief Marshal Joseph L. MuEi
haney was present. The Second division
members unanimously elected Coroner
Heber McDowell, 01 Great Western Lodgo
345, Marshal 01 the Second Division. Several
special committees were appointed to report
at the next meeting, which." will be held at
the call of tbe President.
Equitable Aid Union.
East End Union No. 769 has elected the fol
lowing officers lor the ensuing six months:
Chancellor, C. W. George; President, Eliza
beth Davidson; Vice President, Charles
Beltz; Advocate, Helen H. Horsfall; Secre
tary. John S. Horsfall: Treasurer, William
U. Davidson: Accountant. F. B. Clements;
Chaplain, Jessie Latnberton: Auxiliary,
Agnes Clements; Warden, S. E. McChesney;
Sentinel, J. C. McChesney; Watchman, E. B.
Alien; Conductress, Meli-sa McChesney: As
sistant Conductress, Elizabeth Hi.se; Trus
tee, W. H. Davidson. The ladies being in
force in this union the meetings are gener
ally well attended.and every entertainment
which is held is a financial success, the last
one netting the union $50." A steamboat ex
cursion up the Monongahela will be given
the first or second week in August.
Order of Jano.
Keystono Temple No. 7, which meets at
Moiehead Hall, Grant street, the first and
third Thursday evenings or each month, in
itiated sever.ii candidates at the meeting last
Thursday night.
Temple No. 21 was Instituted at New Ken
sington last week, and the lollowlng officers
wero elected: J. A. Lowrie, President;
Charles W. Walker, Vice President: Dr. E.
E. Patton, Past President; August Albickcr,
Secretary; H. L. Goesmnn, Treasurer; C. M.
Lawson, Marshal: J. W. Rowland, Tyler;
Dominick Cutueni, Guatd; C. Weigcl, A.
Albicker, Dr. J. B. Armstrong, Trustees.
Petroleum Temple No. 29 was instituted at
Evans City by Deputy Bebout last Friday
evening. The following officers wero elected
and afterward installed by the District
Deputy. Pror. J. C. Tlnstman, President; S.
W. Doutt, Vice President; J. W. Mch.ee,
Past President: James E. Holbein, Secre
tary; S. J. Marshall. Treasurer: S. R. Spen
cer, Marshal; J. W. McKee, W. E. Spencer
andS. W. Doutt, Trustees. Th member
ship is made up of the leading citizens of
the town.
The event of the past week in Grand Army
circles was the reception and camp fire of
Post 151 in honor of Senior Vic e Department
Commander Russell last Tnesday. This was
the official visit or the Vice Department
Commander to his own post nnd the last in
spection or a long series that covered a
period of ten months and Included every
post in the county.
There was a full attendance of Commander
Russell's comrades, as well as a large num
ber from other posts. Delegations were
present from Posts 4L 83, 117, 128, 153, 155.
162, 215 and 236. The Vice Commander told
tbe assembled comrades of his visits to the
posts. General prosperity in every way was
tbe condition he reported and his account
shows that the old soldiers are holding to
gether and bra velv keeping uo their posts,
notwithstanding "the rapid flight .of time.
After Comrade Rnoell's address, speeches
were made by Past Department Commander
J. F. Denniston and others.
The feature or the evening wnt the pre
sentation of a beautiful Senior Vice Com
mander's badge to Comrade Russell. The
badge was presented in behalf of the post by
Adjutant D. A. Jones and was received for
Comrade Russell by Comrade B. H. Bcn
gough. The meeting was then adlourned and tbe
post aud its gnests went to Turner ball
on Jane street, where an old-fashioned
camp fire was held. An elegant lunch was
served, and the hundreds present made the
most of the evening in enjoying this and. in
speech making. A number of prominont
Grand Army men. Sons or Veterans, and
friends of the organization made addresses.
When the company adlourned for the even
ing it was voted a most happy ending for
Comrade Russell's tour, which has been of
so much benefit to the county posts.
tertalnment sure. At tho last meeting a
com mittee was selected to arrange it. -
Combads Jajsies Mat, of No. 6, Is stopping
in Clearfield county with relatives and
friends, and tho latest news from him Is
that his health i3 somewhat impaired.
Natioxai. CoantASDEB Palmer has for
warded bis last general order to No. 6. It Is
a chapter on court martials. It shows an
Inclination to have discipline in the order.
Chaplaih ix Chict Dasks. though still
suffering from his long illness, was able to
be present at the last meeting of encamp
ment No. 1. Hemado a few remarks and
gave some good advice to his comrades.
STOCKS.
Am. Cotton OH
Am. Cotton Oil iifd..
Am. bugar Ref. Co..
Am.suc.ue:.(o.nia,
Atch. Top. &S. F...
Candlan Paclnc
Canada Southern....
Central of -N. J
Central Pacific
Chesapeake Ohio..
C. &U. 1st prd.
C. JtO. Mpfd
Chicago Gas Trust..
C, Bur. & Qulncy..
C, Mil. & Si. Paul..
C, M. St. P.. pfd.
C.,. I. HP
C St. P.. M. JtO....
C..SUP.,M.40.pref.
C. & Northwestern..
C.S Northwest, prd.
C, C, C.AI
C. C. C. I. prefd.
Col. Coal & Iron
Col. 1c Hocking Val.
Del., Lack. & West.
Del. A Hudson
1 en. & Klo j rande. .
Denver &KloG..pfd
D.4C.-F. Trust.....
E. T. Va. & G.
K.T.Va. Ga.lstpfd
E.T.Va.4Ga.2dpfd
Illinois uemriu
Lake Erie & West....
Lake KricW. prefd
Aiaae snore &, 3i. 3.
Louisville Nasb.,
Missouri Pacific...
Natloual Cordage Co
ixau, u. CO. prei'a.
National Lead Co..
Nafl.L'd. Co.prefd
acw x one icuirai,
N. Y.. C &SL L.
N.Y.,C.ASt.L.,lpfd
.-v.l .,U.i S1.1....JI..
N. Y.. L. K. AW...
N. Y., L. E. A W. p
js. y. Aa.r:
N. Y.. O. A W
North Ann rlcan Co.
Northern Pacific....
Northern PaclHr pfd
Ohio A Mississippi.:.
Oregon lmprovem't.
Pacific Mall
P.. U. AE
Phlta. A heading...
P.. C. C. Abt. I....
P.,C, C. A St. L. pfd
A'uiiman i'aiace (. ar.
Klch'd A W. P. T...
Klch'd AW.P.T.pfd
St. Paul A Duluth..
bt.PaulADulutu.ord
Texas Pacific
Union Pacific
Wabash
Wabash, pfd
Western Vnion
Wheeling A L.K.....
Wheeling tL. tp.
B. AO
Open
log.
High
eat.
Low
est
33! J3H
"ioijj 'iieii
ma !s
37 37H
"iiss "iili
"iv "iin
101 '-, 10IH
12G 126
8J,'i 80.H
33
i02K
37
243,
81M
101H
82S
125V
8'j;,
CIos
'"
OIU.
117K
'wi
;n
102H
695,'
531,
121
1137a
26
"iS5i
mi
'&3J5
535,
190K
377a
31
74
5:
117XI 117
354
69VI
59X
1-1
3
iiiji'
26
36
19
"
M
3SJ,
"eon
i&Ji
25V
94
66J4
3i4
74
90
69
S8H
ijja
1I3K
26
'iy,
J3K
53,
33?
"eo
196J,
37
94H
74
85
39
76'
ir2"
Sfi'J
130M
Jl4
24'4
6.1'
43s
81 4
101 !
82V
80H
49
US."
117
Hi
66
97
inu'4
135J,
in
48
46
4M
an
10H
"ii",
76?
1304
69)4
ss;-
120H
liz
36
?!
U34
19
7I
33
2K
64"
OU7S
mi
iss
205,
20
333a
1754
60
21
61 j
195X
42
42
106
954
7
25)4
vi
CIoe
July
22.
S5X
39i
77
10i'4
SSii
37
83 ii
5'l'3
136
:
24a'
a
81
101
8i)f
126
60 Ji
'-
118M
117M
143
(6)i
"si"
35tf
156H
135)
19
48
46
4)4
33
10!
io:
2i'i
7614
134
69
58
120 V
112V
3Sii
92
1"
17
71
JUS
263
65
35
19)4
13X
JOli
25
33V
60
2IX
61)4
195
"42"
106
9
33
UK
25
93H
SOU
73H
on
German Beneficial Union.
Sup. Deputy R. Anke initiated two mem
bers in District No. 2.
District No. 7, managed by District Deputy
David Geiger, bad one new candidate.
Supreme Manager A. Wedemeyer will start
on his monthly tour next week to instruct
the deputies.
Supreme Deputy F. Schilling and District
Deputy C. Schuioll put three new members
in District No. 6.
Supreme Deputy J. Kicher had five new
candidates for District No. 4. District No. 5
had two new members. D. II. McFrederick
is coming to the front In building up No. 5.
Supreme President Louis Volz, Supreme
Treasurer u. orar, supremo Deputies J.
Bercher and D. II. McFrederick have gone
on a trip Ease in the interest of the Union,
and Tjf ill visit Philadelphia, New Vork,
Niagara Falls, Buffalo, Erie and Cleveland.
The National District initiated five new
members. Sup. Deputy F. Schilling, after a
severe spell ot slcknei', reported again for
uuty, ana as a consequence .District No. 2
initiated Ave new members. It must be a
very warm day when Brother Schilling tails
to keep in line with the rest.
Supreme Treasurer IL Graf, with District
Deputy J. Geiger, have organized District
No. 9. The following officers woie elected
and installed: President, W. Yochum; Vice
President, A. Pitts: Secretary, P. Miller;
Tieasurer. G. M. Schwartz: Marshal, J.
Shuts; Trustees, C. deegeraud G. J. Ren-ner.
District No. 8 was organized July 2 by Sup.
President L. Volz and Sup. Manager Wede
meyer, with 27'cnarter members. The fol
lowing officers were elected: President, H.
Helmish; Vice President, F. Nolte; Secretary,
A. Scbawwecker; Treasurer, J. Relation;
Marshal, C. Meyer; Sentinels', John Ruff and
J. Meyer; Trustees, Jlrs. C. Seller, Mrs. M.
Peppel and Mrs. H. Groh; District Deputy,
Jouu Meyer. After Installation the supreme
officers delivered excellent addresses, and a
general good time was had.
I. O. O. F.
Canton Allegheny No. 32, Patriarchs Mili-tant,-lll
meet Tuesday night, July 26, at its
hall, when it will have two makings. The
chevaliers nre earnestly requested to be
present, us there will be some very interest
ing business. It is also expected that some
of the high officials will be present.
Last Monday evening, July 18. will be long
remembered by tbe many members present
at the regular meeting of Fidelia Lodge, No.
415, 1. O. O. F., at their hall. North Diamond
stieet, Allegheny, tho occasion being the
presentation by the members of the lodge of
a very handsome regalia and jewel to the D.
D. G M. of the Northern District of Alle
gheny county, P. G. Harry Graham of that
lodge. Tno presentation speech was made
by P. G. John R. Watson. Brother Graham
was taken by surpibe but managed to reply
in a few welt chosen words and then called
on P. G. M. John A. Myler to nnswer tor
him, which he did in an excellent address.
Ttennlon of Co. H, Twelfth Regiment.
Company H, Twelfth Regiment, P. R. V. C.,
held a reunion on the picnic grounds at
Nineveh station, PennsylvaniaRailroad.the
station from which, 31 years ago. the com
pany under command of Captain, afterward
Major, Bolan, left for tbe front. The grounds
ai e beautiful. The leafy grove and a lovely
day all conspired to make the occasion an
exceedingly pleasant one. After sauntering
through the grove, and a great amount of
handshaking, the assembly was called to the
large pavilion on tbe grounds, where the
divine blowing was invoked by Rev. O. ii.
Miller, formerly chaplain of theieiment.
An impressive address or welcome was given
by Dr. K. Tomb, or Armagh, and eloquently
responded to by Thomas Dick,'Esq., or Ebens
bufg. During the morning a meeting was
held for lorming a company organization.
The officers elected are; President, Thomas
Dick; Secretary, S. W. Drips; Treasurer. An
drew Kerr: Executive Committee, A. Kerr.
Alexander Hart, William Altlmus, J. D.
Love, John Evans. Henry Painter and James
i. xomD. At a P. x. a tnriiung aauress was
delivered by General Harry White. The
meeting resolved to meet in the same place
next year.
Commander Gould's ITaneri!.
This morning at 9 o'clock the funeral of
Commander W. H. Gould, of Post 253, will
take place from the Knoxville M. P. Chnrcb.
Services at the church will be attended by
several of the local posts in a body. . The re
mains will be taken to the McKeesport Ceme
tery for interment. Post 236 will meet at its
hall at 8 a. M. sharp.
Bar Silver.
ii. .-, .w tr.n- .. - - XJW "" .""' ..-"" "venn lxmaon
u"" -" . uoujo, sogers soia w i nrmerat 3raa per oz.; new York; dealers'
lots in Latrobe and have M ou tbe vergo of J price for sliver, 86Jio per ox.
Order of Solon.
Mansfield No. 17 appears again on the roll
of honor on assessment 50.
The German lodges in Allegheny, especi
ally Freundschaft and Miltke, have been at
work the past month, and as a lesultthey
come into the roll of Lonor ou assessment
No. 60.
A public meeting will he held In Wheel
ing, W. Va., Wednesday evening next, at
which Sumeme President Folsom and Su-
reme Treasurer Godfrey will be present,
eputy James T. Wilkinson hits been work
lm hard in that field and a stiong lodgo will
be Instituted there.
Invincible No. 77, or Bradford, is making a
great record. Since January 1, 18-JO, not it
single month aud scarcely a meeting lias
passed without seeing one or mote new
members being taken into the lodge. Alle
gheny No. 2, which now ranks third, will
neen to nustie to Keep out of tne way of in
vincible, of Bradford.
A delegation or the Supreme officers and
members left Wednesday evening for Man
hattan Beach, where die'Endownieut Older
reunion was neld Thursday. The party iu
oluded the President, G. L Folsom; Vice
Piesident George A. Harper, Secretary A. s.
Mandortr. Treusurer'ifobert J. Godfiey, Fi
nancier W. G, Coyle, Representative M. G.
Clark and Charter Member H. L. Strickler.
They will return to-morrow.
The Heptasopbs.
The fourteenth anniversary of Heptasoph
Day will be celebrated Tuesday, August 23,
at Idlewild.
rittsburg Conclave No. M initiated one
Protectlecl Bonis Clrc e.
Loyal Circle -113 had installation Friday
evening.
Triumph Circle 101 initiated five candidates
Wednesday evening.
Supreme Medical Examiner Salem Heil
raan is Major or the Fitteenth Regiment and
is at Homestead.
rituburg No. 48 has installation of offi
cers Thuisdnv evening, July 23. J..B. John
ston, President, is with Buttery B at Home
stead. Banner 36 had an open installation of offi
cers last meeting night and an address by
Organizer Bailey. Ice cream nnd cake wn
the feature of the occasion enjoyed by 2G0
people.
General Lodgo Notes.
The Scotch-Irish Beneficial Association
meets on the first and third Tuesdays of
each month at St. James Hall, corner of
Sixteenth and Penn avenue, at 7:30 o'clock.
A picntc and concert was given by Belle
vuu Legion No. 31, Select Knights or
America, at Windsor Park, Bellevue, lasi
Thnrday. It wjs the fourth annual cele
btation and a grand success.
At a meeting Thursday night Good Will
Lodge 2C4, Older or Tontl, a committee was
appointed to arrange a series or open meet
ings, lectures and musicnle. Brothers
Burns. Gillig, Fay, ninderliaw, Fitzslmmons,
Stomberg. Buckley and Sullivan are the coir.
mitteec, which promises a big surprise next
meeting night.
Tuesday evening next, July 26, at Moor
head Hull at tho regular meeting or the
British American Association, Mr. James
Lee. President, and Mr. j. Henry Y illiams,
G. S. of B. A. A. of Pennsylvania, will be
present. It is particularly requested that
all tho members will attend and give these
gentlemen Irom Philadelphia a cordial re
ception. Important business will be dis
cussed. Washington camp No. 293, Patriotic Order
Sons or America, of Braddock, elected the
lollowing li-.t of ufficeisforthe ensuing year,
at its meeting last week: Piesident, David
H. Hugo; Vice President, Henry bhnrah;
Muster of Forms and Ceremonies, B. J.
Washburn; Conductor, J. H. Williams; In
spector, J. W. Johnston: Gnnrd, David Price;
Treasurer, Henry Shnruh; Recording Secre
tary, Rev. S. C. Long; Financial Secretary,
Henry Miller; Representative to the State
Camp, Rev. s. c. Long; Alternate, Henry
Sharaii; Trustees, D. H. Hugo, J. N. Griffith,
Rev. S. C. Long.
Tho following named Past Grind Com
manders from Pittsburg and throughout tbo
State or PuiiiisylvanU in company with
General J. P. S. Gobln, Most Eminent Grand
Master ot the United States, will leave for
Denver, Col., Augimt 1, to attend the trien
nial conclave ot Knights Templar, which
convenes at that city August 9. Past Grand
Couiiuuudci-s George S. Graham. William W.
Allen and Joseph Wright, or Philadelphia;
A. L Kituftinaii, of Lancnster; William H.
Lglo, of Uarrisburg: Christian Knupp. of
uioomsuniTi: Samuel B. Dick, or Meadvllle;
D. W. C. Carroll, C. W. Baichelor and Lee S.
Smith, or Pittsburg, and Torrance Hippie, of
Lock.Haven.
Husband Lodge No. 386, Knights or Pythias,
wnich was recently organized and insti
tuted nt Bruddnck with some 90 members,
now numbers 145. Two years ngo Braddock
had a lodge, but through indifference it leli
under and nas removed to Turtle Creek,
where it is flourislun . A uniiormed rank
of the Husband Lodco has been organized
nnd will be instituted in two weeks, when
the paraphernalia, ritual, etc,, arrive, with a
charter membership ot about 70. Huband
Lodge has elected the following officers:
Chancellor Commander, J. N. l'.eed; Vice
Chancellor, I. R. Reed; Prelate, W. S. Hus
band: Keeper of Record and Seals, W. Leslie
Miller; Master or Finance, Christopher For
ney; Master or Exchequer, A. H. Parker;
Trustee, Joseph Hope; Representative to tho
Grand Lodge, Charles L. Snoop. '
Post Boom Entertainments.
Post 155 has inaugurated an interesting
feature at its meeting that will no doubt
prove or great benefit. A series ot enter
tainments, consisting or recitations by the
comrades, and others are brinzing up the
attendance well. On Friday evening. Com
rade Mcllwnlne recited "The Piiantom
Review." Comrade J. Nelson will furnish
the programme at the next meeting.
Bennlon of the Famoai Keserves.
Arrangements are being made, to hold a
reunion of the different regiments ofthe
famous Pennsylvania Reserves during the
Washington encampment of the Grand
Army. The Reserve' reunion will be held
at Tenallytown, near Washington.
Midsummer G. A. B. Doings.
Covkade F. C. DonrtiKQTOir has been ill for
several daj's.
Post 83 will celebrate its qnarter-centen-niul
in October.
Cohkadk X. S. Rues, of Post 157, is lying
very sick at his home.
General J. B. Sweitzeb, Post No. 4:0. mus
tered in two recruits at its last meeting.
Tux Grand Army Day committee will
meet in Municipal ball next Saturday afternoon.
Comrade Johx Brows, of Post 162, llke a
good toby when unadulterated with a tooth
ofa comb.
Cojimaxder Atkissos and Comrade
Weaver, of Post 480. were visitors at the
last meeting or Post SS.
Post 162 is composed of comrades who sleep
well without remorse of conscience and in
their post room are alive to all tbe Interests
o: the organization.
Commander J. P. STrwAirr, Post 18, was
visiting in 'Kittanning this week. Senior
Vice Commander S. A. Reynolds held the
reins at the Inst meeting.
Comrade Jons Conkle, of Post 162, knows
how many virtues are combined in a good
Marsh tobie when the aroma puts him in
mind or his experience on a battlefield.
P03T 155 added another recruit to its ranks
on Friday evening in tho person of Comrade
A. it. Cassell. Another application was re
ceived and will be acted on noxt meeting.
A sckber of the comrades of Post 162, by
invitation, visited Post 151 last Tuesday
evening to participate in tho reception to
Senior Vice Department Commander Rus
sell. Coxrade William Witbkrow, of Post 162,
was arrested by Artist D. Mahan, who seated
him on the chair, and. after composing him.
I took a very fine picture; which will adorn
the group pictures of the post.
Comrade Holtlamd, of Post 162, had the
hives so bad the' other evening, he be
lieves Comrade W. G. Griffith, of 88, had
turned all his bees on him, and in place of
making honey hud thus afflicted him.
THEOne-hundredand fifth regiment, Penn
sylvania Volunteers, will hold a re-union at
Punxsutawney on August IS. Quite a num
ber of mombers of the regiment reside in
this city nnd will attend the re-union. The
committee in charze U J. B. Jordan, A. C
Little, and John Hastings.
Ay esteemed comrade of Post 155. upon
being presented by a comrade of Post 16.1
with a toby last Tuesday evening' evinced
great pleasure' nnd gratitnde, which sud
denly ceased wnen tho toby's fragrance
scented the pnrealras though a gumshoe
were oue of its component parts.
Post 29 has lost nil esteemed comrade by
the death of Carrollton C Cable. Comrade
Cable died at the West Penu Hospital on
Thursday. His body was taken for burial to
Stenbenvllle, O., under the escort ofa com
mittee of the Post. Comrade Cable's friends
live in that city, and it was there he en
listed to nnt lortnree years in company o.
Sixth Ohio Volunteers.
Grasd Army men throughout the two
cities will bo pleased to learn of the prospec
tive recovery of Captain Frank C Calhoun,
of Post 157. who was stabbed by an intoxi
cated militiaman early last week. Comrade
Calhoun's presence was missed at the meet
ing of his post last week. Comrade Culnonn
is Officer of the Day and is one of the most
y regular attendants in tne post. Post 83
gracefully passed resolutions of sympathy
at its last meeting.
ANOTHER FJFTH SAND WELL.
The Noble Heira' Well in the Fire Pool
Making 15 Barrels an Hour Tbo TV ood
vllle Pool the Richest Yet Discovered in
Buckeye Territory. '
The production of the McDonald field re
mained stationary at 19,500 barrels yester
day. There was but one well drilled into
the producing sands. It was Greenlee &
Forst's No. 1 on the Noble heirs farm, to
the west of the field in the vicinity of the
Pife pool, and started ofi at 15 barrels an
hour.
Pitzgibbons & Co.'s No. 1 on the JIcKee
farm, in a part of the same pool, will get in
to-morrow.
The New York Oil Company's No. 3 Fife
was drilling in the sand last night, but will
probably not be drilled into the pay till to
morrow. The Forest Oil Company's No. 6, Camp
bell farm, got a strons flow of ga in tho
stray above the Gordon sand yesterday.
Greenlee & Korst have drilled their No.
Marshall, at Noblestown, through the Gor
don. The well filled un 1,000 feet fiom that
formation. Thev will get the fifth sand
Tnesday. Their No. 4 Kirk will get the Gor
don to-morrow. This weU Is located in tho
Meise pool.
Thi Backer We'K
A cotemporary has this to say of the new
oil pool discovered In Northern Ohio: Tho
great Wood ville field leads all others in the
Trenton rock district, and is one of the (
greatest producing fields yet developed in
Ohio. Since the opening up of tbe pool, 190
days ago, activity has been gradually grow
ing, until to-day there are 31 strings of tools
at work within a radius of two mile, and
rigs are being completed dally. There aro
26 rigs already up and awaiting the drill,
while the farms can be seen dotted with
timbers ready for the rig builders. This is a
great field, fnll or attractions, and does the
heart or an old man good to see the great
wells flow a big amount or crude each day.
Tbe bulk of the field is holding un remark
ably eood. while some portions of it have
declined to light prodncers, bnt this must be
expected where wells are drilled in such
close proximity to each other. One beauty
or the field is that the wells nre mostly nat
ural producer-", but very few are bein
pumped. The only well completed in tho
new field proper that lus been shot is the
Portage Gas Company's No. 1 on the Mnnlt-
ler strip, a portion of the Mnultler farm run
ning along the sontb bank of the Portage
river, in section 29, Woodville township,
Sandusky county. This well.when completed
several weeks ago, started at ;00 barrels the
first 24 hours, but gradually declined until it
was about worthless, when a shot was put
in, and the well is now producing about 43
barrols a dav. The Ohio Oil Company's No.
1, on the F. L. Nieman farm, in the same sec
tion, on the north side of the river, just
north of the Portage Ga3 Company's well,
that started off at 300 bnrrels, is now doing
about 12 inches in a 250-barrel tank. Outside
or this the balance or the wells are holding
up very well.
The Largest Well Completed.
In the field is George W. Barnes 4 Co.'s
No. 2, located on the southwest corner of
the Hill farm, marked on tne oil map as the
Frank Fishbaugh farm, situated on the
northwest quarter of section 29. This well,
when completed several days ago, was re
ported as good ror 630 barrels, bnt produced
nearly 1,000 barrels the first 24 hours, and is
still producing 850 barrels. Tliis well can be
considered a gusher, and is undoubtedly tho
largest well In Ohio to-day. Operations are
gradually going to the south, aud tho pros
pects are good ror a connection with the
once popular Rollersvilln pool. The only
drawback Is tho gas wells and light pro
dncers midway between the two pools.
Tho north extension is gradually growing
toward the north, and if a good producer
would be completed at least three miles in
advance to the north or this pool, then ex
citement would grow high and tbe country
would be dotted vitith oil rLrs. The dally
output or this field "" trrirtrnnjlTrr""
during the pastfCTxItvs.and tne production
Is pot at nearly 6 000 barrels a day. This
production will undoubtedly hold at this or
grow better, owing to the large number of
wells completed each week, which swells
the dally output very rapidly. There are
now 39 completed wells in the field.
There nr- 34 strings of tools at work in tho
field and 26 rfcis up and building, while loca
tions have already been made lor not less
than 50 rigs.
The fanners along the North line toward
Genoa arc nnxiouslv awaiting for their terri
tory to be developed, so they can enjoy tho
proceeds HKe tneir orotner larmers along
the river. Considerable depends ur.on the
North developments as to tlw making of a
field of any Importance. If nothing is found
in that direction, it will make the pool nar
row and short, and at the same time will
cause many to weep over their mlsfor:unes.
Iln Gauges.
The hourly gauges or the larger wells at
McDonnld yesterday were as lollows: Rnob
No. 3, Florence Oil Company, 25; Sinclair Oil
Company's No. I, 33: Forst & Greenlee's No.
SMcMurrav, 20: Woodland Oil Company's
No. SCrawfuril, 20. The estimated produc
tion was 19,500; stock in the field, 48,000.
Kuns and Shipments.
National Transit Compiny runs on the 22d
were 34,719; shipments, 31,459.
Southwest runs, McDonald division, on the
22d. 20.686. Outside of the McDonald,
10,018. Bucke e Pipe Line. Macksburg riivis.
ion, 2.554. Shipments, Lima division, 54,277;
shipments.'not in. Eureka Pipe Line, 112;
sbipmonto. 1,976. New York Transit ship
ments, 14.949. Southern Pipe Line shipments
were 10,697.
The runs nfthe TidewaterPipe Line yester
day wore 2 918; t..tal, 774133; average, 3,512.
The shipments were none; total, 180,969; aver
age, 8,225.
The OH Market.
Range of tbe August option: Opening,
52?j;c; highest, 53c: lowest, 52c; closing,
52 c bid.
Refined oil New York, 6c; London, 4Jd;
Antwerp. 3JJf.
New Yoke. July 23. The petroleum mar
ket opened steady at 52c for August op
tions, then became dull and remained so
throughout the day, closing barely steady
at52c Pennsylvania oil Aueust options,
snles lO.OOO barrels; opening, 53c; highest,
62c; lowest, 52fc: closing, 52c. Pennsyl
vania oil Spot, sales, 7,000 barrels; opening,
52kc; highest, 52Jc; lowest, 52Jc; closmg,
S2c. Total sales at both exchanges, 17,000
barrels.
Electrio Stocks.
Bostoit, July 23. SpeciaL The latest
electric stock quotations to-day were:
Bid. Asked.
Thomson-Houston Electric Co 65W
'I bomson-Honston Electric Co.. pfd.. Z
T.-lt. E. Co., Tr. securities, series D ',i
T. E. W. Co IS
rt. w. e. Co ie$
W. E. Co 2TH
W. E.CO.. pfd
General Electric Co 100
General Electric Co., pfd 1194
Edison Electric III.cu 113
Boston Electric Light Co 114
65
30
ii"
109 -J
13)
11
117
rhllndelphla Stocks.
Closing quotations of Philadelphia stocks fur
nished by Whitney A btepheuson, brokers. No. 37
Fourth avenue, member New York Stock Ex
change: Bid. Asked.
Pennsylvania Railroad MM a
Reading 301-13 3Uf
Buffalo, NY. and Pnlladeinhla. 7H Vi
Lehigh Valley 61 6I
Lehlirh Narlzatlon 531 ....
Philadelphia and Erie. 3Zi
Northern Paclne.com..
Northern Pacific, pref.
..a
..5J'
UKOKEItS FINANCXAU
Union V.t-rin Legion.
QrARTERMASTETl S. A. McCLELLASD, of No.
6, was on the sick list last week, and could
not be present at the last meeting.
ZMOutntBtr Ho. a U going to have aa m-
LSTABL1SHED 1SS4.
John M. Oakley & Co.,
BANKXR3 AND BROKE&3.
4ISIXTH ST.
Direct private wire to New Tork andCS
etxo. Member New Yore, Chieago and Pltu
burg Bxahangas.
Local securities bou?htnd sold for oasx
or carried on liberal margins.
Investments made at our dlseretfoa an!
dividends paid quarterly.
Interest paid on balanos (sins HXf.
Money to loan on aalL
Information books on all markets mailed
on application. laT
Whitney & Stephensou
. 57 Fourth Avemw,
pio-
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