"P" V,-
THE HTTSBtrRG DISPATCH, SUNDAY, AUGUST T, 18?a
HONEY AND STOCKS.
All Indications Foint to a Continu
ance of Easy Money.
CIRCULATION OF THE COUNTRY.
Course of Local Securities and Gostip Aleut
the I eaders.
LOCAL AND GENERAL FIXAXCIAL GOSBIP
Saturday, Aug. 6.
Increased confidence has developed all
along the financial line during the past
week. It has been demonstrated beyond
donbt that money will be plentiful and easy
throughout the remainder of the year, and
while there has not been much increase in
speculative operations at the principal cen
ters, it is because hull enthusiasm has been
checked by the outward movement of gold.
This feature, together 'with the growing use
of silver, says one ot the Eastern oracle',
Is, of course, a source of uneasiness. Nev
ertaeless, it has been uppermost for a long
period, and its follies and dangers are tak
ing no one by surprise. Americans
are less alarmed than Europeans, who,
at such a distance, naturally take the most
cautious, if not the worst view. As for the
foreign demand for gold that has been
stimulated bv the scarcity of commercial
bills, the backwardness ot cotton exports
accounting la a considerable degree for tliis.
There Is no danger, however, of tho gold
movoment extending much lurtlier, as the
season when gold Is usually lmpot ted lsner
at hand. To-day's New York bank state
ment reflected the late cold reports, an in
creased domand lor money and the begin
ning or the currency movement westward,
bur the assurance of continued ease In
money is tho most encouraging feature of
the situation. So far as the shipments
of curreucy westward for crop
movinc purposes aie concerned,
both 'Western and Kastern bankers say they
will ! emalior this year than ever before.
Tl.o West and Korthvtest ate well supplied
with currency; and, as Chicago is steadily
groTing nsa reserve center, there need be
no uneasiness about money rates during the
remainder o: the year.
The money circulation of the country on
August 1, Is reported by the Secretary of
the Treasury to have bcn fl.63L90J.000, com
pared it rf $1,500 000.000 a vear ago, or an in
crease ot more than $:00,000,000, and compar
ing as follows with tho corresponding date
for several years pnst:
JSST $1,3:1.800 M 1890 $1,431,700,000
1SS3 l.SfMOO.oO Mil 1,500000,000
1&-9 L379.(XX,tH 1S3J 1,601,900,000
It will bo teen that while there has been a
constant tncieate, that or the past year has
been much tho most rapid, more than twice
as great as tho average annual Increase or
the four pieceding jears. With this Im
mense circulation, more widely and effec
tively distributed than ever befoie at this
time of year, there can be little question as
to the adequacy of tho supply or currency
for the crop movements and trade require
ments of the tall. The facts as to tbe agri
cultural Munition, so far us ascertained, are
scth as to strengthen the bcliel that cur
rency demands will not be developed so
learlv. nor to so large an amount as to creato
Inconvenience or pressure, and this opinion
seems to be very generally shared by bank
ers throughout the country.
Local Securities.
The week's trading on 'Change aggregated
' 8,021 shaies stock, $39,000 bonds and $40
scrip, and the tiading was accompanied by
a strong tone throughout tho list and a de-
' cided upward tendency in many of the lead-
I in.: active shares. The street railway shares
led the list, followed by Philadelphia Com
pxny. V. S. Glass, Westinzhouse Electiic,
Luster Mining Company and others, tho
bonds sold beins Duquesnc and P. & B.
Traction 5s. The closing prices this week,
compared with those of a week ago, show
the following noteworthy changes: U. S.
Glass, 5 advance: Philadelphia Company,
Ji advance; Manufacturers' Gas. advance;
People's Natural Gas, 5 advance;
People's Pipeage, l'i advance: West
fnghouse Ail brake, 1J advance:
Central Traction, iidvanoe; Citi
zens' Traction, J advance: Duquesne
Traction, Jf advance: P. & II. Traction, 1
advance. Other changes are shown, but
they aie for slight notions only and are
about equally divided between gains and
loses.
The movement of the market was in re
sponse to decreased tears of anything seri
ous fiom industrial sources and a disposi
tion to invest idle money hether or no,
one of the leading encouruclng features be
lns the stiong demand for bonds both from
banks and private capitalists. U. S. Glass
was bought by insiders for voting purposes
at the annual meeting, us veil as on pros
pects of a dividend, ana all the others that
appieciated were purchased in accordance
-with the generally entertained opinion that
prices were too low.
Westiivhouse Electric received its
stiengtb from the Kast, where the buying
waa ot the best character possible. It was
intimated that strong pools had been lormed
to take hold of both Westinxhouse and
General Electtic, and the buyimr and the
course of tho stocks lent color to tbe
intimation. At the same time the talk
about the pools was accompanied bv
bulli-hieports of earnings and prospects.
Indicating that the movement nai quite as
legitimate as otherwise. So far as the homo
compinvi concerned. It never before had
so much work In hand and in sight. Its per
centage of operating expenses has also
dccieaed materially, by dispensing with
many district offices and high-salaried agents
mida inoic economical management gener
ally Despite repoits irom tbe East to tbe
contrary, the cmnpany is not cntting prices.
On the contrary, woik Is being secured at
lull rates, notwithstanding the much lower
bids of rival companies. The T.-H. Com
pany undeibid the local company $J50 per
car equipment in an effort to get a contract
Iroui one of our street railways, but failed
to i-ecui e it. The same thing has happened
elsewlieic, and the company considers the
preforenco shown Its apparatus as a testi
monial of the very highest character.
In this connection it may be said
that tbe Wcstinghouse Electric and Manu
factuiing Company has been given the
contract to equip thestieet railways lines of
Jlontieal, Canada, with its system, and has
already commenced the shipment of
motors. Its system la also in ue by the
stieet rnilwas of Ottawa and Hamilton,
and it virtually has a monopoly of the
Canadian stieet railway business.
The buying of the tractions was by strong
and conservative houses, and with this
stamp o, approval it would seem as If they
were safe purchases. A well-inlormed stree't
railwayman makes the lollowing guess on
the July earnings of the various leading
line-! Pittsburg- Duquesne combine,
$79,000: Citizens' Traction, $55,000: P.,
A. & '. Traction, $40, 00: Pleasant
Valley, $35,650; P. & B. Traction. $27,900;
Central Ti action, $19,500. Tho official fig
ures, it is thought, will not vary mucb rom
these estimates. Receipts of all these Hues
aio steadily increasing, and they will con
tinue to Increase as long ns the city contin
ues to spread out. They are among the best
purchases on the list, and the time is com
ing when they will rank above bank stocks
as investments.
Unlnn Switch nnd Signal.
"Stockholder" Js answered as follows: The
Union Switch and Signal Company's capital
was lormcrly $1,530,000, but the company get
ting Into financial difficulties it was reor
ganized a few ycirs ago, the stockholders
being called upon to surrender one-third
of their holdings to the company, in lieu ot
which $500,000 scale an equal amount of pi o
ferred btoeK was Issued to be sold at par.
Of this $500,000 preferred about $370,000 has
been disposed of ando the common stock
there is outstanding about $053,000. Tbe
company has a bonded debt of $35J,000 bear
ing 6 per cent, duo in 1693. Of this amount
$iI3.0ij are outstanding, tue balance having
bet-n le tiled. About 1SS1 tbe old stock sold
as high as $70 (par $50); but when tho finan
cial trouble began the stock fell gradually
to snles at $3 a share. Iu 1SS9 a bull inove
meut carried tho new common stock to
$JC4 a share, but In AU3usr,lS91. it was again
nclumr at about $8. From this It rose to
MoKI" the eat ly part of this year, but has
i-luce sold at $15 and. Is now steady at $16K
The company has been In receipt or large
orders this j-car, and stockholders are ex
pecting it to get in strong condition as the
result or large net earning!?.
The Union switch and Signal Company is
said by the foremost railroad men of tho day
to own the best devices In the world. The
company has alw uj s mado it a rule to have
their workup to a very high standard; hence
it may be due to this fact that their
pet eurnlngs liavo never been as large as the
laigo gross earnings indicatod they should
be. Iluwever, the keeping up of the standard
of the work, even at the expense of the net
earning!!. Is beginning to tell, and will pay
handsomely In tbe long run. The devices
andchaiactcr of work aie attracting busi
ness from some of the leading tiunk lines,
and each piece or work is a paying advertise
ment. The company has had a long pull and
a hard one, but from this out things should
come a little easier.
A Itrokersge Firm' Opinions.
In this regular weekly letter to their
customers A. J. L. Lawrence & Co. sap
"We do not believe that any one Xeeli
reasonably rertaln that this is a genuine bull
market, and yot while people are making up
their minds on that point, values are gradu
ally rising to a higher level and deatings are
attaining a larger volume. We feel certain
that the majority or traders look for a strong
and active market this fall: but that it
should come now, In the. midst of labor
troubles and In tbe absence of many active,
investors on their vacations, and with dog
days approaching. Is what seoras unusual, If
not unnatural.
"Taking our local list as a whole, we feel
bullish for a Ion: turn, and believe that the
most satis actory results will .attend pur
chases of our manufacturing stocks, or 'in
dustrials,' as they call them In Wall street.
Some of tbe houses which do an almost ex
clusively investment business have been
inquiring into this class of securities of late,
and anions the buyers have been those who
heretofore were satisfied with nothing less
than a bond and mortgage. One or the most
conspicuous of thee In our home market Is
United States Glass. It is clean. It was
honestly organized, and It is managed by
men In whom the community has confi
dence. The advance or $5 per share
in the common stock this week was
based on the expectation of a $4
dividend this month, which we bellcvo
will be realized. This will be equivalent to
about 5J per cent on current quotations.
The company has Jnst completed its first
year, and trin spite of all the drawbacks at
tending that period in a new organization it
has done so well, it will certainly do better
in succeeding years. Another security that
has verified our lavorahle opinion thus far
Is Westinghouse Electric first and second
fireferred. There nre two reasons w by It
las not been as active here as in the East:
First, because there is comparatively
little stock In the hands of Pitts
burgers, and, second, because the large
holders know its value and are increasing
rather than diminishing their holdings. Wo
know from personal knowledge that this
latter Is a fact. Aside from the question
of intrinsic merits and the Improved condi
tion of the company under its present pow
erful management, the stock should, and no
doubt will, move in sympathy with the
course ot General Electric In New Tork,
which is Just uow a favorite with speculators
as well as investors. Our strongest Indus
trial, however. Is Airbrake, and its course in
the market and the annual showing to bo
made next month will, we are confident.
Justify ab we have ever claimed for it.
"We look upon the purchase of the non-dlvidend-paylim
traction stocks in the same
lightastho purchase of a block or leal es
tate in a healthy growing town. They will
not likely decline much, and the enhance
ment of tho next year or two will repre
sent lrom 10 to SO per cent on pteseut
prices.
"Tho most recent strike in tbe West Eliza
beth gas field this week has tended to stimu
late the advance in natural gas shares, and
they all close higher."
Tips Irom Wall 8tret.
Watson Gibson to Oakley Co.: "The
decision by Judge Schuyler In the suit of
Gurarnere et ah vs the Philadelphia and
Beading and Lehlzh Valley railroad com
panies throws some clear light upon the
character of the litigation, both in tho suit
at issue and the other cases pending. It
will not be argued for an instant tbat
if an injunction bad been granted
and receivership appointed, any benefit
would havn accrued to the oom
pla nants. They would have mater
ially suffered thereby, even thouzli their
holdings of stocks are infinitesimnlly small.
Tne 'powers behind the throne' have given
notice through the newspapers that they
Intend to push their case to fii.al determina
tion. The Heading 'deal' will have grown
gray In the service of Wall street when that
event transpires. We do not understand
that the pleadings bave brought tbe case to
an issue whereby even a inference to an
examiner and master are in order.
"Tbe company has 30 days to plead, answer
or demur to the bill, and if its position be
not maintained on demurrer reference to an
examiner will be made. We do not see bow
an examiner could take the testimony nec
essary lor a master to frame an opinion
under six months. The questions of law in
volved to be seriously considered by a
master, thereafter to be appointed, and the
preparation of his report would take at least
tmee to six months additional. Either
party would have the light to except
to the -master's report and t iese ex
ceptions would be argued before the
comt in banc and Its decision
could and woull be appealed by tbe losing
party to the Supreme Court. One to two
years must elapse before the Gurarnere suit
can be Judicially determined. Let us dis
miss it, therefore, as a factor of influence
upon the situation. Theie aie some good
people in Wall stieet who have made their
turn in Beading and are now predicting an
adverse decisionand decline. We must con
fess that we do not share in this belie); on
the contrary, we feel like recommending the
purchase ot the stock. It is by no means
certain that an adverse decision will ever be
rendered, but it it should be the existing
contracts between the Beading, the Lehigh
and the Jersey Central will effect the samo
purpose as that secured under the lease in
question.
"We have been arguing in our market let
ters this week that the maintenance of gold
payments was not In the slightest Jeopardy,
notwithstanding tbe alarmist utterances of
some usually we.l-informed ptople. The
bank statement to-day, as expected, showed
a loss or over five millions in leserve; only
one-tilth ol which, however, was in specie.
The market was inclined to be a little l dic
tionary, but less so than might have been
expected alter a week's steadv rise. An at
tempt was made to break the quotation of
silver bullion, and as there aie no specu
lative buying orders in this metal it was
offeicd down to 84."
From Sproul & Co.'s market letter: "Gen
eral Electric and Gas weie active, and some
of the Grangers made fractional trains only
to lose them in the late trading. The bank
statement shows a loss of over $5,400,000 in
surplus, which reflects the cold shipments
of last week as well as the begiuningot the
flow of money to the West in connection
with the crop movement. The belief is
nevertheless general in financial circles tbat
little or no pressure will this -ear result
Irom the latter cause, as the West Is rela
tively as well supplied with funds as the
East."
Financial Xots.
Unlisted street railway securities closed
as follow: Pittsburg and Birmingham
Traction, 2627: Duquesne Traction, 28
29: Duquesne 5, 100f100; Pittsburg, Alle
gheny and Manchester Traction, 44t45.
H. Id. Long has bid Pleasant Valley con
solidated 5s tip to 101.
Eea Bros. & Co. were the chief buyers on
'Change to-day, taking Philadelphia Com
pany and Pittsburg and Birmingham Trac
tion. Lawrence & Co. sold Chartlers Valley Gas
and Wheeling Gas. Caster bought the
former and Sproul & Co. the latter.
Spioul &, Co. and Kuhn Bros, were the sell
ers of P. & B. Traction.
The July earnings of the Pittsbnrg and
Western were $213,124, a decrease of $4,321.
Buffalo, Kochestpr and Pittsburg's July
earn lugs were $270,705, an inciease ol $13,305.
The net earnings of the New York, Penn
sylvania and Ohio for the quarter ending
June 39 were $211,181, an increase of $39,599.
People connected with the Wheeling and
Lake Erie Bailroad deny that tbey have at
any time entered into any negotiations
with a view to purchase, with the people
who hold an option on the Cleveland, Lor
raine and heeling Bailroad.
The earnings of tbe Columbus, Hocking
Valley and Toledo for the month of July
were $277,531, a decrease or $33,151. For seven
months ended July 31. the earnings were
$1,823,297, inciease of $136,022.
Chicago operators have now turned to the
other side and are sending in a lot ol bull
talk on Whisky Trust. They say It is Cow
Brobable that at the next meeting of the
istlllers' and Cattle Feeding Company's
directors tbe dividend will be increased.
The enthusiastic friends of Philadel
phia Company say it Is earning 12 per cent.
Bulls on Chicago Gas are still enthusiastic
in their predictions. The property is said
to be Iu bands tbat do not propose to be
shaken out by lairy tales.
Tbe Bank of England rate of discount re
mains unchanged at 2 per cent, Durlnu the
past week the gold in thn bank decreased
61,000 and the reserve Xi99 000, the propor
tion ol reserve to liability being now 44-70-100
per cent, against 44 56-100 last week and
43 69-100 a year ago, when the discount rate
was 2 per cent. The banknnu holds 16.
707,368 in gold, against .27,181,053 a year ago.
The statement of the Bank ot France shows
an increase of 8,825,000 francs In gold during
tbe week.
The chief Idea of the establishment at
Chicago of branch of the Comptoir Na
tional d'Escompte de Paris is to take care of
the Iriends and customers of tbe bank who
go to the World's Fair, and it Is expected
that the chief business will be cashing cir
cular letters of credit. The bank now has 16
branches nnd Its line of deposits is over
200,000,000 francs. The capital is 75,000,000
I nines. It is possible that the bank may de
cide to make loans upon grain and other
standard collaterals and thus take advan
tage or tbe higher interest rates prevailing
in Chicago, Ir it does it will not only bring
a great deal of capital in to Chicago but may
become a factor in influencing lower rates.
Closn of tlin Market.
Trading at the last call of the week to-day
was rather light, but the inquiry was active
and the tone of the market was decidedly
strong. The close was at tbe best prices of
the week, bales:
SO shares Chmrtlers Valley gu lz
2 shares Philadelphia Comptny. 18K
I share rhllailelphla Company 19X
10 shares P. B. tractlou 2tf,
SsharesP. A B. traction. 27 '
10 shires P. A 11. traction 27
shires Wheeling Gas UH
Total tales, 121 shares. Closing Mds and offers:
SAXK STOCKS.
, Commercial National Bank......
Eld, Asted.
.. M V
Cltlzens National Bank 85 67
Exchange National Bank 8l ....
Iron City National Hank SO SS
Keystone Bank of Pittsburg 85 ....
Liberty National Bank 108
Monongahela NationsBank 133.'-$
Second National Bank... , 285
Tradesmen's National Batik 252
XXSCBAXCX STOCXS.
Western Insurance Co 40
KJLTCRAL OAS STOCKS.
Allegheny Heatina: Co 75 to
Charters Valley Oas Co Ilk 12K
Manufacturers' Gas Co 26 28
People's Natural Gaa mod P. Co 14
Philadelphia Co-. !0 20
Wheeling Gat Co 18M M
PASSr-XQIR BATLWAT STOCKS.
Central Traction i.. MJ VM
Cltlicm' Traction 61 VSi
Plttabarg Traction MM IVi
PleaaantVaUey 35 25H
RAILROAD STOCKS.
Pittsburg Junction R. R. Co MH ....
Pitta., Cln., Chi. A St. L. B. B. com. 61H ....
coal STOCKS.
h.T. AC. Gaa Coal Co 51 ....
MIKISQ STOCKS.
Latter MlulngCo H 10X
ELECTRIC LIGHT STOCXS.
KattZnd H
WesUnglioaie VH UH
MISCELLANEOUS STOCKS.
kfononrahela Water Co SO ....
Union birlteh and Signal Co ISV 18V
Weitlnghonae Airbrake Co 128H 128s
Standard Underrround Cable Co 73H W-4
TJ. 3. Glass Company, com 71.4
MONETARY.
In the local market money has continued
to rule abundant and easy at 66 per
cent, with the demand moderate, though
showing a slight improving tendency.
Brokers were fair borrowers, merchants In
wholesale lines presented very lit
tle paper, and manufacturers cut
no figure whatever. Some of
the bankers pnt a little of their surplus cash
into bonds, which stimulated the bond mar
ket a little, and there was evidence ot a
little buying of dividend-paying stocks for
the same account. Eastern exchange and
currency were quoted at par throughout.
New York, An t. 6. Money on call easy at
3K2 Per cent. Last lain, 1; closed offered
at M. Prime mercantile paper, 35K.
Sterling exchange quiet but steady at $1 87
for 60 day bills and $4 SS for demand.
Th" New Tork Bank Statement.
Beserve, decrease $ 5,432 850
Loans, increase 3 M3.8J0
Specie, deciease 1,775.800
Legal tenders, decrease 4,517,500
Deposits, decrase 6(1500
Circulation, decrease 40,000
Amount above legal requirements. 18,793,425
Clearing House Figures.
Pittsburg
Exchanges to-day 82,1S3.M8 28
Balances to-day 480,114 64
Same day last week:
Exchanges $2,440,877 43
Balances 5:3, SS 83
Tbe clearings of tbe past two weeks com
pare as follows:
Exchanges this week $14,824.927 53
Balances this week 3.344.393 93
xclianget last week 14,755.028 14
Balances list week 2,891,812 74
For the week of 1891 corresponding with the
week just closed tbe exchanges aggregated 112,02,
031 18.
Total exchanres to date, 1892, $457. 310, SI", 95: same
time last year, $409,753,895 76; gain tills year to date,
$47,556,450 19.
The exchanges this week show only a
slight gain over those of last week, but as
compared with the figures of the like weok
of 1891 an Increase of almost 19 per cent is
shown.
New Tork, Aug. 6. Bank clearings to-dav,"
$97,831,386: lmtnce, $5,243 687. For the week,
clearings, $837,851,776: balances, $37,438 897.
Bostok, Auj. 6. Bank clearings to-dav. $15,
899,236; balances, $1,710,749. Monev 3K4 per
cent. Exchange on New York, 15017 cents
discount. For tha week, clearlucrs. 196.230.51S:
balances, $9,906,272. For the corresponding
weeK iastyear,cieanngs,$93,u5u,iio; oaiances,
$11,194,241.
Philadelphia. Aug. 6 The bank clearings
to-day were, $9,443,256; balances. $1.640 051.
For the ween Clearincs, $68.628 899; bal
ances, $11,226,538. Money 2 per cent.
Baltimore, Aug. 6. Bank clearings to-day
were $2,827,024; balances, $445,224. Bate 6
percent.
St. Lotus, An". P. Bank clearings, $4,154.
673: balances. $399,670; clenrin-rs for the weeK,
$25,675,919: balances, $3,148 839: clenrlngs last
week, $21,378,677: balances, $3 035,262; corre
sponding week last year, clearings, $22,896
100: bal.inces, $2,533,947. Money quiet at 67
percent. Exchange on New York, 50o dis
count. Nxw Orxeaus, La., Aug. 6. Clearings,
$2,095,455.
Memphis, Tzujt., Ang. 6. Xow York ex
change selling at $1 50. Clearings, $372,
543; balances, $118,227.
I'nrrisn Financial.
Paris, Arg. 6. Three per cent rentes 99f
37Kc lor the account.
Lokdot. Anz. 6, 4 p. v .Close Consuls
money, 96 13-16: do account. 96: New York,
Pennsylvania and Ohio firsts. 34; Canadian
Pacific. 91 Erie, 25 do seconds, 108;
Illinois Central, 105-X: Mexican oidl
nary, 22: St. Paul common, 85:
New York Central, 116J; Pennsylvania, 56!;
Readin , 31: Mexican Central now 4s, 70.
Bar silver, 33d; money. 1 per cent.
Kate ot discount in open market for both
short and three-month bills, per cent.
REAL ESTATE POINTS.
A Good, Healthy Market, With a Strong
Undertone A Big Sale of Allegheny
ltealdence Property Cnrrant Talk and
Transactions.
The realty market has shown a strong and
healthy undertone during the week; but,
while a fair number of transactions of all
sizes and in all classes of properties have
been reported, the market has not shown a
degree ot activity ranch above
the average at this season. That
it has held its own, however, in
the face of the labor troubles nnd absentee
ism is a very encouragimr indication, and
this fact, coupled with an improving in
quiry, especially for small dwellings and
dwelling sites, may be accepted as in
dicating an unusually active mar
ket a little later on. Several
big deals are awaiting the finishing touches
or people away on a vacation; others are be
ing closed up by thee Just returned fiom
their outings, and still others are in the
early stages, with fair promise of being ulti
mately closed up.
Said Ira M. Burchfield to-day. "Iamne-
fotiatlng for the sale or a large section of
qulrrel Hill property, but am unable,
throngn the absence of parties interested, to
close tbe deal."
L. E. Poole & Co. report Increased activity
In Penn avenue property, Kast End. They
bave n number of large deals nnder wav.
and think Investors are beginning to realize
that there is big money to be made in these
properties.
These a re fair samples of the way agents
are talktnz. They could do more, but they
are all doing well.
A Good Rale In Allegneny.
One af the largest transactions in Alle
gheny City residence property made for
some time, has Just been consummated by
Liggett Bros., they having sold No. 180 Fay
ette street, known as the Carroll property,
with lot, 97 feet 4 inches by 124 foet.on which
Is located a fine two-story and mansard
brick dwelling, to a prominent Allegheny
business man, for $35,000.
Building Permits,
Only two permits were issued to-day as
follows: To the First Hungarian Beform
Church, for a one-story frame church and
residence on Bates street near Linden sta
tion, Fourteenth ward; cost$4,C00. To Frank
Herswlng, a twi-story frame dwelling on
Achilla street. Twenty-first ward; cost $1,800
Reports From the Agents.
Beed B. Coyle & Co. sold to William S.
Fleming, for the Bellevue Land Company,
lot No. 9, In their Sunnyside plan of lots,
at Bellevue, P., Ft. W. 4 C. Ball way, situate
on Bayne avenue, slzn 50x153 feet to an
alley: consideration. $900.
Black & Bali d sold another of the stone
front houses on McPiierson street. Boule
vard Place, to John A. Short, lor $8,000.
John K. Ewing & Co. sold to Charles S.
Crawford a Queen Anne brick house of eight
rooms, hall, bath, laundry and all .conveni
ences, with lot 62x100, on O'Hara street,
Twetieth ward, for $7,000; also, a lot 24x154 on
Ellis avenue, in the Mayfield plan of lots,
First ward, Allegheny, to J. M. Hutchinson,
for $525.
S. J. Fleming sold lot 25x100 feet in the
Mellon plan, on Tioga street, Homewood, for
$1,000: also, three lots at Wall station,
lor William McNulty; price, $600.
Peter Shields sold a lot 40x49 teet on Forbes
street, near Chestnut street, to John J.
Davis, the well-known veterinary surgeon,
for $4 000. Tho put chaser will improve tbe
premises by erecting a veterinary hospital
and office building.
Baxter. Thompson ft Co. sold 75 feet on
Penn avenne, near Alfred street, Brnshdon,
being lots Nos. 5, 8 and 7 in the Brushton
Place plan of lots, for $3,760. Tbe purchaser
will imDrove Immediately. Tbevalsosoldlot
lNo, 39 in the Buca Plaoe plan, Thirteenth.
ward, fronting 22 feet on Kirkpatrick street
and extending back 90 feet to a 20-foot alley,
for $300.
A. M. Tressel & Co. sold for JS. E. Gordon a
new frame house or 6 rooms,with all modern
Improvements, lot 100x150 feet, at Avalon, to
Wm. Harris, for $4,300.
Cbaties Somers & Co. sold to Charles v.
Osgood lot No. 3 in the Swan plan of lots,
situated in the Tenth ward, Allegheny, near
Perrysvllle avenne. fronting 25 feet on
Broadway and .extending in depth 230 feet,
for $400 casb; also. In the same plan, lot No.
2, to Frank J. Havlock, for $400. The pur
chasers each propose to begin the erection
of houses at once.
A. Z. flyers & Co. sold for Joseph Mo
Nangner, to Patrick Belly, lot No. 20 in J.
and 8. McNaugher's plan. Twelfth ward,
Allegheny, fronting 24 reet on Lombard
street and extending through 135 feet to
Olive stieet, lor $650.
J. E. Glass sold seven lots in the Allquip
pa plan No. 1, to two prominent contractors,
tor $3,150- This clears up that plan of lots.
The pui chasers have commencod the build
ing of 20 now houses which will make, a to
tal of 50 houses built on this plan. Allqnip
pa plan No. 2 has been opened and 25 lots
have been sold thns far.
A.Z. Byers, or A. Z. Byers & Co., real es
tate brokers, of Allegheny, departed Friday
for Indian Klver, Michigan, where he ex
pects to enjoy a lew weeks of camp life.
E. T. SchafTncr, the hilltop real estate
owner, sold a small honse of thiee rooms
and lot 25x120 reet. In Beltzlmover borouch,
to Thomas J. Ford, for $1,100, on easy terms.
The Burrell uud Kensington Improvement
Companies report the following sale of lots
at Kensington, the new manufacturing city
on the Allegheny Valley Bailroad: James M.
McBiide, Coraopolls, lot 8; block 5, $787 60:
Frank D. Mattco, Wilmerdlng, south 10 feet
of lot 73 and north 10 feot or lot 74, block 8,
for $3 75: Charles Snilngcr, Fayette City, lot
107, block 22, $595; Georuo F. Schanb, Carrlck,
Pa., lot 1, block 27, $900; Ed J. nnd William
C. Koerbel, Jeannette, lot 818, block 25,
$994 50; William Gibbons, Uomestead. south
15 feot of lot 23 and north 10 feet of lot 26,
blocc 5, $l,45U; Chambers Glass Companv,
Kensington, lots 1C0, 16L 162, 163, 164.
165, 163, 1G7, 168, 169. block 26 $4,441 60;
lots 17J. 173, 174, 175, 176, 177, 178. 179. 180, 181,
1S2, 183, 184, 183, 186, 187, block 26, $8,800; lots
424, 425, 426, 4:7, block 25. lor $2,175, and 466,
407, 4J8, 469, 470, 471, 472, 473. 474, 475, block 27,
14.415; Mis. Eva Miller, Port Perry, lot 96,
block 6, $935; Charles Preston, Pittsburg, lot
179, block 3, $35J; M. J. Zcllefiew, "Kensing
ton, lot 487, block 25, $310; Thomas McCabe,
Pittsburg, lot 25, block 9, $600; Union Supply
Company, Limited, Kensin ton. Pa., lots 342,
343, 344 and 315, block 25, $3,125; Phillip
A. Kuckert, Beaver Falls, 24 and 6
feet ot 25. block 6, $1,450;
Mrs. Margaret A. Owens, Allegheny, north
half lot 3, block 8, 3330: Charles Shaffer, Shan
nondale, C3VJ. block. 13, $595; Mrs. Elizabeth
Ullcy, Allegheny, lot 72. block 13. $595; Mrs.
Maiuuret Kelly, Sharpsburg, lot 151, block 26,
$640; Mis. Sophia Meiers Pittsburg, lots 214
and 215, block 25, $1,293 50; Wnrien G. Ander
son, Allegheny, 1 toot ol lot 18, all of 19 and 4
feet oriO, block 5. $1,450: Elisha V. Alexander,
Oakdale, Pa., lot 67, blocc 13, $935; Bryan De
vine, Pittsbnrg, lot 31, block 27, $1,445.
George Schmidt sold three moie lots in his
Euieka Place plan, Oakland, for $1,500 on the
easy monthly payment plan.
DULL AND HEAVY.
Trading in Wall Street Almost Entirely of a
Professional Character No Features In
Stocks and Bailroad Bonds Are Equally
Feature ess.
New York, Aug. 6. The dealings In
stocks to-day were again almost entirely of
a professional character, aud while there
was a marked indisposition to trade, some
pressure was seen with an absence of de
mand, which created a drooping tendency In
prices and brought the whole list down small
tractions. The bank statement reflected the
heavy outgo of gold last week and also the
demand for currency during the week for
tho movement of the crops, but this appar
ently had no Influence in the making of
prices, as a heavy loss In cash was tbe gen
eral expectation. The only upward
movement of note was a rise of 1
per cent in Des Moines and Fort Dodge to
9. but neither the highest nor the lowest
pi ices n ere held to the close, which was duU
and heavy at or near lowest figures.
Bailroad bonds were equally as feature
less, no tendency of prices in either direc
tion being appaient and the final changes
insignificant in all cases. The total transac
tions reached only $463,000.
Government bonds were dull and steady.
Close of the list:
TJ. S. 4sreg 116
U. 3. 4s coup 116
U.S.4sreg 100
Pacific 6s ol '93 107
Louts'uastaDiped4s. 92
Tenu. new set 6s....l01J
Tenn. new set 5s. ..101
Tenn. new set 3s.... 79
Canada So. 2ds VS1H
Ceu. Pacific uut....l0s!4
Den. A B. G. lstt..H7!i
Den. Alt. G.4s S.1h
Erie 2ds 1054
M. K. AT. Gen. 6s.. 80!
U.K. AT. Gen. 5s.. 48X
Mutual Unions 110
N. J. C. Int. Cert ..111
Northern Pac. laU..116K
Northern Pac 2ds..H35i
Northw'n Consols.. ITS
No'hw'n Dcben.SsMOJ
ht.L. AL M.Gen.5s. 85W
St. L.A ,?, Uen.M'lOS.Si
scram consols... ...if
St. P.C. A P. Ut...tl8
T. P. Li. G.TT. KCta. 80K
T. P. K. G.Tr. Kcts. 28',
Union t'ac. lita'....I06K
West Shore 103,
u. u. n eu
Bid. tAsted.
Mining shares
Cbolor
Crumi Point
Con. Cal. and Vs..
Deadwood
Gould A Cnrry....
Hale A Norcross..
Homestake
Mexican
North Star
Ontario
closed as follows:
.... 40Ophir
.... 45'Plymoutli
,... 810 blerra Nevada..
. 200
..ISO
. w
. 140
. 70
. 40
.. CO
. 800
.1700
. 40
. .. 200 Mandard .
75
Union Consolidated.
.. 90
.1350
.. 125
,. 651
..4200
Yellow Jacket ,
Iron Silver ,
Culckstlver
Quicksilver pref....,
Bulwer
AsLed.
The total sales of stocks to-day were 70,501
shaies, Including Atchison, 4,500; Chicago
Gas, 3,225: Erie, 7.250; Hocking Valley, U.800;
St. Paul, 5,400; St. Paul and Omaha, 4,500;
Beading, 5,800.
The following table shows tne prices or active
stocks on the New York Stock Exchange, cor
rected djlly for The Pittsburg Dispatch by
WUITSEY AStephexsov, oldest Plttsburir mem
bers of New York Stock Exchange, 57 Fourth avenue:
Clos Close
Open High Low Ing Aug.
Ing. est. est. bid. 5.
Am. Cotton Gil 4531 4654"
Am. Cotton Oil nrd.. 82 824 82 82 S2H
Am. Sugar R. Co.... 1C6H 10654 1 108 l(f'
Am. Sugar It.Co.pfd .. 101 JOlJt
Atch.Top. AS. F... 40 40 39H 39H 393
Canada Southern.... S9A KM W,S C9 M!i
Central of N. Jersey. 137 137
Chesapeake A Ohio.. 247f 25 24 24V 2tf
C. AG., lkt pfd 63 63
C. At)., 2dpfd 44)4 44)j
.Chicago Gas Trust... 81K 81 81K 81 81
C. Bur. A Qutncy.... 102 102H I02 102 lui-4
C. Mil. A St. Paul.... S3lj 83T, 83H 83V, 8.t
C..MI1.A M. P.. prd. 127X S 1279, 127S4 127
C. Kock I. A P 8176 81H 807a 80 81(4
C, St. V., M. A O.. 64H 54 53JJ MX 54
C. A Northwestern. 118)4 "8)4 118 117 118
C. & North Wn, pM. 144 144 144 143W 144
C. C. C. A 1 6694 67
Col Coal A Iron 35Ja S5! XAi aj SSJ,
Col. A Hocking Val. S5s &H 35 85 3J
Del., Lack AWes.t. 158 ibayi 158 158,U 157
Del A Hudson 13 139 138H 138) 13SM
1). AltloG.. nfd.... 49)4 49)4
DIs. A Cattle V. Tr.. 47,H 47X 47)4 47)4
E. T.. V. A Ga .". 4)4 4si
Illinois Central 103 10194
Lake Erie A West 25)4 259
L. E. AW., pfd 77 77
Lake Shore A M. S.. 1.15 13594 Va 135H 135V
Louisville A asb... 70S, 71 70)4 70), 71K
Michigan Central 10a 10SJ4
MubllcAtihlo 384 H
Missouri Pacific... C0'4 60)4 M 5 G
Nat.CordageCo..pfd 113 113)4 113 113)4 i'-M
National Lead Co... 404 4C94 40)4 40)4 40W
Nat. Lead Co.. pfd 9414 95M
New York Central 11314 113
N.Y..C.ASt.L 17)4 17g
N Y.C. A St. List pfd 72 72
NY.CAt.L..2dpfd 38 3
N. Y.. L. H. A W 294 29)4 29)4 29)4 29H
N.Y.,I..E.AW.,pfd 634 68)4
N. Y. A N. E 3794 "794 3714 S7H 37X
N. Y.. O. AW 20 20 20 197, 20
Norfolk A Western nu nw
Norfolk AW. pfd 44 44
North American Co. 14X 14X 14)4 "54 14!4
Northern Pacific sm 21)4
Northern 1-a'flc.pfd 6894 6894 ' 68 68)4 M!4
Uhlo A Mississippi 21)4 21)4
Oregon lmp'ement. 23 23)
Pacific Mall 34H 34)4
Peo.. Dec. A Evans.. 1894 18)4 UH 189, IS
Pblla. A Beading.... C0K 60l 60)4 o94 6094
Pullman Palace Car. 196)4 196)4 193 196 196
Richmond AW.P.T.h 9), 9)4 9 9 9)4
Blcli. AW.P.T., pfd 41 41
St. Paul A Duluth 42 43
St. P. A D. prcr. 104 104
St. P., Mlnu.AMan 11414 114)4
Texas Pacific 9W 91
Union Pacific 3394 KH 3Sj 389, 38V
Wabash 11)4 10M.
Wabash, pfd 2H 2S4
Western Union 87!4 9794 97)4 W 97!4
Wheeling A L. E.... 31 SI 31 3094 3094
WncelingAL.E..pfd 7294 7294 72 719, 72)4
Baltimore AUhio.... 9794 071, 9794 9794 9794
W.E.ASI.C.lStpfd 92)4 93)4 92)4 92)4 ....
TE. E. AM. C. assented ..... 68
CloslDg Philadelphia Quotations.
Pennsylvania
Hearting
Buffalo, N. Y. A Philadelphia. ..
Lehigh Valley....:
Lehigh Navigation ,
.rnuaaeipma a. crie ;
'Northern Pacific, com 21)4
Northern Pacific, pref. , 51
Boston Stocict Closing prices.
Atcb.ATopeka 3994 Boston A Mont.......
Boston A Albany.. .,205 Calumet A Hecla....!
osiondCBiaine......ioi r-ranaun
C, B. AQ 10294 Kearsarge
Kltcbburg B.R 89)4 Osceola
K.C.St.J. ACB.7s.123 Santa Fe Copper.,
L. It. A Ft. S.7s,.. 82 Tamarack. . ..7....
Mex. Cen., com 17 West End t
Mex. Cen. com 17)4 BellTelephone....
n. i.sii, a i;ji i.amson store B..
n. x. s, a. jsng. 71.121 water power
Old Colony 182H Centennial Mining.,
Wis. Cen. pfd. 71)4 M. E. Tel .,
Aitoues u. uo. knew; vu d, m o uopper. ,
AUaatl Vfl
Bid. Asked
MTtj 65
30 3-16 SOU
8 t'2
6194 619?
64)4 54),
S3
2194
Some suspicion has been aroused concern
ing Comrade Brvant, the colored orator and
ex-slave, of St. Louts, who was In Pittsburg
and vicinity recently collecting money for
a monument commemorating th emancipa
tion of the slaves to be erected on the
grounds or the World's Fair In Chicago.
The fonndation for this suspicion seems
rather unstable to a large nnmber ot co-grades
who are satisfied that .Comrade
Bryant Is O. K. The credentials
furnished by Comrade Brvant when he nas
here were so satisfactory that no one
doubted his stralihtncsi.
He had a copy of the charter of the
organization formed in St. Louis which in
tends to erect the monument, n plan of the
monnmentand a paper giving him authority
to collect money in tho namo of the
organization. This organization lias no
connection with the World's Fair bevond
the fact that it intends to ask the Exposition
authorities lor space upon which to erect
the monument. Department headquarters
are now investlcatlng the ma'ter and Com
rade Bryant's status will not long remain in
doubt.
Grand Army Day.
Tne Grand Army Day Committee met In
Council chamber yesterday afternoon nnd
heard reports from the sub-committees rel
ative to the Rock Point celobratlon. The
details were reported well In hand, and the
outlook Is for a successful day. A meeting
or the Executive Committee has been called
for to-morrow evening In Common Council
chamber.
It was unanimously decided to leave all
matters concerning the Bock Point celehra
tion in the hands of the Executive Commit
tee with full power to act. The Geneial
Committee will meet again next Saturday
afternoon. This will be the only meetintr of
the General Committee previous to Grand
Army Day.
Secretary D. H. Speer reports that the
Rock Point railroad orders are going right
lively, and that the Indications are that the
attendance will be large. Comrade Speer
is located in the City Treasurer's office. The
orders can be secured irom him on requisi
tions fiom post commanders.
Reunion of the 102 d.
The annual reunion of the One Hundred
and Second (old Thirteenth) Regiment will
be held at Cyclorama Hall, Allegheny City,
Wednesday, August 17. Cards have been
sent out to the survivors by the Secretary,
D. A. Jones, of the Assessor's office, and it Is
expected tbat there will be present a goodly
number ot the old boys and their families.
This regiment was without doubt more dis
tinctively a Pittsburg regiment than any
other that was recruited here, 10 of its 12
companies being entirely from this city.
It was organized early In 1861, and con
tinued in active service until the close of
the war, and participated in nearly all the
battles in which the Army of the Potomac
was engaged. The details are in charge of
a local committee, of which Major James A.
McLaughlin, of the Allegheny City Health
office, is chairman, and he gives assurance
tbat nothing will be left undone lor the
comfort and pleasu e of the visitors. The
morning session will begin at 10 o'clock.
Dinner will be served In the building at 12
o'clock. The afternoon session, at which
the officers for the ensnlrg year will be
elected, will begin at 1 o'clock.
The committee desires It known that not
only the comrades themselves, but also their
lamllies are cordially invited to be present.
Badzes can be procured any time during the
coming weok Irom the Secretary, at the
Assessor's office, City Hall, Pittsburg-.
The Washington Badge.
The Committee on Badge for the Twenty
sixth National Encampment at Washington
in September, has adopted a beautiful de
sign for the souvenir badge. The pin bar U
of fire bionze with a medallion bust of
Washington, and the inscription, "Washing
ton. September, 1892." From tbis depends a
buff ribbon. In which is workod in colors the
monogram, "G. A. B," Ifelow this is a bronze
medal inscribed aronnd the border,
"Member Tnenty-slxtU National En
campment." In the center Is a
silver medal with a fine picture of the Capi
tol. On the obverse Is a view or the grand
review or 1863, and around It the words:
"Presented by tbe Citizens of Washington."
Grand Army Penciling.
Tbe Recruiting Committee of Post SOS is
doing noble woik.
Comhaite Edward Abel, of Post 259, Is on a
sojourn to Denver, CoL
Post 3 will have two more candidates for
muster at the first meeting In September.
Comrade William Hartzell, of Post 3, Is
slowly recovering from bis recent injuries.
Comrades Ishax Lapatette and William
Wilson, or Post 206, are still on the sick list.
Post'3's Washington trip will be discussed
finally in all its details at tae first meeting
in September.
Post 200 mustered Peter Garrot, private
Company H, Twenty-fifth United States
Cavalry, Friday evening.
Comrade Georoe F. Irvixe, of Post 162 has
returned from the West and South feeling
greatlytbeneflted by his trip.
A hew application was received by Post 3
Monday night that of Charles F. Frankle.
Despite tbe warm weather Post 3's hustlers
show healthy activity.
Comrade W. C McKelvkt ana Comrade
Lamb, both of Knapp's Battery, were, taken
into Post 88 last Tuesday, tho former by card
and the latter by muster.
Post 360, of Yerona, will hold Its ninth an
nual picnic and bean bake at H11I ton Grave
next Friday and Saturday. A grand time is
promised all who attend.
Comrade W. H. Barrett was elected Com
mander of Post 236 to fill the, vacancy caused
by the death of Commander Gould. John
Bamdollar was elected Senior Vico Com
mander. Post 157"s fair gives great promise of being
a thorough success. The details were re
ported in ship shape last Thursday evening.
The ladies are Interested and are working
hard In the good cause.
All comrades of Post 3 who intend visiting
the National Encammnent in September
should at once see Comrade Thomas W.
Baker, Health Office, University building.
Diamond street, receive information and
make arrangements.
Alexander MoDohals, of Sewlckley, and
Joseph L. Evans, the well-known labor
leader, were . mustered Into Post 3 last
Monday night. Last Monday's was Post 3's
only one for August. Regular weekly meet
ings will be resumed in September.
Tbe Bock Point celebration was the prin
clpal theme at Post 151's meeting last Thurs
day evening. Committees were appointed
to assist W. E, C, No. 1, in its work of fur
nishing refreshments. The corps expects
to do valient service for the Brookville
Home.
Sejcior Vice Department Commasder W. O.
Buss ell will pay an official visit to Post 237
at Punxsutawney next Tuesday evening.
On Thursday he will go to Philadelphia
where he will visit the posts theie, return
ing in time lor the Grand Army Day celebra
tion at Rock Point.
Abraham LtncoLir Circle was instituted
In 1885, on Lincoln's birthday, and lor seven
years the lad es have done faithful work for
the bast interests of needy soldiers and their
families. Notwithstanding the beat the last
meeting was well attended and arrange
ments were made to assist at Bock Point
and also to clvo a picnic In the near futnre
for tbe benefit or the relief fund. After the
meeting closed refreshments were served at
the residence of Mrs. Bradley and a recep
tion tendered to Mrs. Chas. W. Gorwlg.nieui
ber of National Council, by the circle.
The fifth annual encampment of O. A. B,
posts and old soldiers will be held in Ells
worth Park, Scottdale, rom August 11 to 20.
Tbe encampment will be held nnder the
auspices o Colonel Ellsworth Post 209. Tho
oororaOMbaTasaaAt fiMl and arajla a a.
commodatlona for all who may come and
wish to remain In camp. A vast auditorium
has been 'erected at a cost of over $4,000,
wbloh will be dedicated August 13. Camp
fires will be held each evening. There will
be religious services held each Sabbatn dur
ing tbe encampment. Largo wall tents will
be supplied free to all old soldiers who wish
to remain in camp. The camp will be
lighted with electric light and natural gas.
Excellent water will be In abundance.
Union Veteran Legion.
No. 6 Is considering the advisability of
going back to 49 West Diamond street, a
place nearer tbe ground.
Arthur Ward, of No. 6. Is In tbe far West
having a fine time. He will be absent for
seveial weeks.
S. A. McClelland, Quartermaster of No. 6,
has fully recovered and was at his desk at
the last meeting raking in the shekels as of
yoie.
Comrade W. H. McMasters; of No. 6, a resi
dent of Hltes station, was in the city last
week giving his pension claim a vigorous
push.
No. 6 had a warm time last Monday night
discussing army pnnlshraents, and most of
the boys bad their say on thi lams case.
They were generally against such cruelty.
E. P. Ahsold, a well-known resident at
Braeburn station, and a cavalry veteran,
will likely be mustered into No. 6 soon.
Comrade Arnold was iu the city last week
on business.
Tbat mysterlons committee of No. 6 has
on hand a still more mysterlons affair for
one of tbe Knights this week, and any Com
rade who do3s not answer at roll-call to
morrow night may find it "eternally too late
to be In it."
The following is a list of the lucky claim
ants for tbe past week, as reported by S. H.
Stevenson & Co.: Christopher Netchker,
Gap P. O.: Jacob Yute, Springdale, Pa.; Sam
uel Stauffer, Etna; Joseph Stnpeit, Water
Cure, Pa.; Andrew Hevern, McKeesport;
Francis M. Danaldson, Allegheny; John A.
Campbell, Xew Castle: James Jones, Pitts
burg: Marv A. Austin, widow of James Aus
tin, Gunboat, N. C; Elizabeth Hlblor, widow
or Samuel Hlbler; Mary A. Jones, widow of
William Jones.
Contributions for this department should
reach The Dispatch office by noon Satur
day. These columns are open to all secret
organizations, 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 ot Indi
vidual lodges, advertisement of orders or
mere personal puffs.
Knights or Pythias.
Braddock division wiU be well repre
sented in the parade.
Homestead lodge expects to turn out 200
members in the parade.
Lorena Division presented a creditable
appearance Thursday evening.
Two arches will be built across Fifth
avenue for the K. of P.jmrade.
Smoky City Lodge 392, had two pages
three esquires and two Knights last Tburs
day evening.
Mozart, Smoky City and Iron City Lodges
will turn out togotber with black silk hats,
butt" gloves and canes, beaded by tbe Major
E. A. MontoothBand of 25 pieces and drum
major.
the Grand Lodge Reception Committee
held a meeting last night In Council Cham
ber. Encouraging reports wero received
and Indications i.olnt to a very successful
session ot the Grand Lodge. All lodges in
the State will be well reptesented.
Wednesday the votes for Grand Lodge
officers were counted and the lollowing
elected: Grand Chancellor, John J. Davis;
Grand Vice Chancellor, John M. Stratton;
Grand Prelate, B. H. Jackson, Grand Keeper
or Records and seal, George Hawkes; Grand
Master of Exchequer, Julius Mountney,
Grand Master-at-Arins. Charles G. Freed,
The following officers of Wilmerdlng
Lodge No. 319, Knights or Pythias, were in
stalled on Tue-dav evening by Deputy J. J.
Kern C. C, J. A. Starrett: V. C., H. Boy
cott: Prelate, Ezra Woirerd: M. or E., W. J.
Eedrern; M. or F., William Hald;K. of R. S.,
W. M. Rnwe; M. at A., B. Leiglit; L G., Will
iam Snowden: O. G., G. A. Fleming; Trus
tees, R. Sutton, H. Einmonds, T. C Little;
Representative to Grand Lodge, Charles A.
Trautman.
Tbe following circular has been issued by
Joseph L. .McElhaney, Chier Marshal or the
parade, August 17: Having been elected
Chief Marshal or tbe parade or the Order or
Knights of Pythias, to take place Wednes
day, August 17, at 1:30 p. 11., I hereby assume
command and make the following appoint
ments: Joseph Jackson, Adjutant General;
Hugh McCutcheon, Chief of Staff; W. D.
Wood, assistant Chief of Staff; William
Sellers, Color Bearer. The parade will be
comprised ot four divisions, as follows:
First Division Colors White The first
division, comprising all divisions of tho
Unllorm Rank and Supreme and Grand
Lodge officers In carriages, will form on
Water street, below Smithfleid street, .light
resting at Smithfleid street.
Second Division Colors blue The sec
ond division, comprising all lodges in the
city of Pittsburg, between the two rivers,
and all lodges arriving in the city on the
lallroads, will form on Water stieet, above
Suuthfield street, right testing at Smithfleid
street.
Third Division Colors yellow The third
division, comprising all lodges sonth or the
Monongahela, and all lodges arriving on tho
Southside, will form at the south end or tho
Smlthfield street bridge.
Foul th. division Colors red The fourth
division, comprising all lodges on the north
side of the Allegheny river, and lodges ar
riving at the P., Ft. W. & C, West Penn and
Pittsburg and Western depots, will form on
Market street, right resting on Water street.
Headquarters The headquarters of the
Chief Marshal will be at the Central Hotel.
Aids will report mounted at 1 p. m. sharp,
and form on Smlthfield street, right resting
on Water street.
Uniforms The uniforms of the aids of
tho Chief Marshal will consist or dark
clothes, black silk hats, bnff lisle-thread
gloves and white badge. Bad,e and gloves
will be furnished at headquarters of Chief
Marshal of the parade.
Aides The members of the Grand Lodge
Reception Committee nre appointed as aides
to the Chief Marshal. In the event 01 the
lallure or any one to turn out the lodge will
please appoint a member or members to
take their place.
"Route or parade The route of parade
will be as follows: Water stieet to Smith
field, to Second avenue to Giant street, to
Fifth avenue, to Washington street, to Wylie
avenue, to Filth avenue, to Grant street, to
Sixth avenue, to Smlthfield street, to Fifth
avenue, to Liberty uvonue, to Seventh
street, to Sandusky street, Allegheny City,
to Lncock street, to Madison avenue, to Ohio
street, to Union avenue, to Montgomery
avenue, to Sherman avenue aud review."
A. O. K. sr. C.
The Allegheny Select Knights are prepar
ing to attenu tne aeiecc lasuo, to ue neiu at
Scranton in September.
Reliable Castle, No. 19, although tbe young
est in the two cities, is initiating new mem
bers nearly every meeting.
Sir Knight W. S. Evans has been spoken of
as District Deputy to fill the unexpired
term or Sir Knight Barnes, resigned.
Allegheny has two candidates for offices in
the Select Castle, Sir Knight Richard
White, of No. 55. 10 1-Vice Commander, and
Sir Knight C. O. Richardson, of No. 12. for
Outside Guard.
It Is hoped by tho friends of Monument
Castle No. 65 that it will repeat the enjoya
ble picnic held last year. The, members of
Duquesne arc anxious to cross bats with
them in another ball game.
Dnqucsne Castle, No. 12, at Its last report
had a most encouraging showing, not only
lu membership but financially as well. This
Castle, although but 11 vo years o d, can show
a record not equalled by any in tho State.
The equipment of paraphernalia is of the
finest and the financial standing is high.
The meinuershln, while not large, is com
prised of tbe clement needed.
Jr. O. V. A. ai.
The next meeting or the Monongahela Dis
trict Association will be held at Coal Valley
on the 19 h Inst, under direction of Coal Val
ley Council, Jr. O. U. A. M. The councils
from the DraddocU district will go on the
steamer Tiilie.
The threo councils or tho Jr. O. U. A. M.
and three councils of the Sr. O. U. A. M., or
Braddock- district, are making extensive ar
rangements for the dedication of the hand
some $26 000 Hamilton sub-district school for
the Second ward, Braddock, which will be
dedicated September 6, Labor Day, with im
posing ceremonies.
The rounlon excursion picnic to be given
at Aliqulppa Grove on next Friday by
Braddock and Monongahela Councils, of
Braddock, and General J. K. Moorheatl
Council, Jr. O. U. A. M., or Port Perry, will
bo an Interesting event socially. All the
councils in the western part of the State
have been Invited and about 3,000 with their
friends will ga
I. O. O. IT.
Th Bmbrs el S. A. LamlMrtm Xs-
Tl SECRET SOCIETIES.
csmpment No. 125 are doing great work.
The weather la warm, but they still keep
working awav with candidates every night,
and it is surprising the way the Patriarchs
turn oat to their meetings.
Canton Allegheny No. 32, Patriarchs Mili
tant, will meet Tuesday night for work-.
Lieutenant Colonel Jeffries will be on band
with some or the stafl officers, and all the
chevaliers and officers are earnestly re
quested to be present promptly on time.
Pittsburg Lodge Ho. 336 held a very Inter
esting meeting last Friday night. It Is get
ting things In shape to be -'In work on the
second of next month. Its nbantpbernalla
will look bright and new, and the team Is
having some excellent drills. Everything
will be in apple pie order.
The Golden Eagles.
Following are the new officers of Alle
gheny Castle, No. 436: Past Chief;
John Elslev; Noble Chief, Thomas Me
Elvain; Vice Chief", George Davis;
High Priest, David Hargest: Venerable Her
mit, Henry M. Schmitt; Master or Records,
S. II. Garforth; Clerk or Exchequer, a C.
Bauer:; Keeper of Excheqner, W.J. Morris:
Sir Herald, Richard Matlock; Worthy Hard,
William Bayne; Worthy Chamberlain,
Charles Watts: Ensign, .Samuel Adams: Es
quire, Edward Jones; First Guardsman,
John Hastings: Second Guardsman, John
Merriman; Trustees, W. Pearson, W. Bayne,
J. I. Mitchell: Representative to the Grand
Castle, J. A. Eisley.
Order of Jnno.
Supreme Deputy H. Bebout went to Em
Ienton and Foxburg Friday to Institute a
new Temple or Jnno.
E. T. Coyn, Past President, contemplates
making a trip to the seashore. Rumor has
it that he will not be a member ot the Old
Bachelors' Clnb when he returns.
At the regular meeting or Keystone
Temple No. 7, held at Morehead Hall. Thurs
day evening, severnl new candidates were
Initiated, nmon.' the nnmber one lady.
Brother Robert J. Godfrey made a very tell
ing speech.
(leneral Lodgn Notes.
A lodge or tho Protected Home Circle was
instituted in Odd Fellows' Hall, Wilkinsburtr.
Wednesday evening. There is a large mem
bership in the new lodge and the prospects
are good.
Branch 110, a M. B. A., Verona, Pa., will
hold its first annual outing at Hnlton Grove,
A. V. R. II., Thursday afternoon, August 1L
This branch was organized last December
and Is meeting with gratifying success.
The first reunion of thn first battalion R.
C. V., Knights of St. John, will be held
Wednesday, August 17, at Silver Lake Grove.
Th committee in charge have endeavored
to provide sufficient amusement for all who
may attend.
Bessemer Tent No. 92. Knights of the
Maccabees, had a large meeting Tuesday
nigbt last. There were seven Initiations and
14 applications lor membership. An in
itiating corps from this city assisted. The
Entertainment Committee afterward pro
vided snpper at Wentzel' for the lodge.
Goodwill Lodge 204, Order or Tonti, had a
vory large meeting Thursday night and
seven proposals are to be initiated next
meeting nhrht. Brother McGarven, ot East
End, and Brother Adams, of Wilmerdlng.
will be on hand to address the lodge. Past
President Stumps has Just returned from a
four weeks' trip to the Windy City and re
ports tbat Chicago is alive with Tontt
Brothers. McCoy, Dunn, Hendesbaw, Buck
ley and Fitzsimons are candidates for the
World's Fair ticket.
Washington Camp No. 4, P. O. S. of A., has
suddenly leaped to the position or the
banner camp or Allegheny county. It now
meets every Monday evening in
Watmer's hall,"" corner Beaver and
Washington avenues, Aliezheny. Last
Thursday evenl-g the following offlc-rs
were Installed: Past Preslde'it, W. E. Zon
mor; President, Harry C. Campbell: Vice
President, Walter A. Cable: Master of Forms
and Ceremonies. George Wheeler; Conduc
tor, Thomas Rankin; Inspector. William
Mi-Cormlck; Outer Guard, Charles Miller;
Recording and Financial Secretary, John
Rfdor: Trntee, S. Kllnke; Treasurer, A.
Dunbar. The' first meeting or tbe camp lu
Wagner's Hall will be to-morrow evening.
At the regular meetintr ot American Kill
ing No. 134, F. M. C, held at Grand Army
Hall, Grandview avenue, Thirty-second
ward, the following officers were Installed
by P. W. R. Thomas T. McCoy: W. E., Will
lam F. Hamilton; W. V. R., John D. Jones;
W. C., 'I homas Hlashfbrd: W. R., F. H. Clark;
W.-C, Andiew J. Read; W. M., Andrew D.
Kirchner; W. W-, R. W. Pallant; W. G.,
'1 nomas McKennd; W. S., Joseph Krsek; W.
M. E.. Dr. W. K. Yonng. After business was
concluded. Brother McCoy spoke on the
firosperlty of the order, and American Rui
ng No. 134 In particular, which has doubled
its membership within tue past year
Brother Read, wbo lias charge of tbe decora
tions, "says be ha a surprise in store for his
many lodge friends It is understood he is
having constructed a beautiful stone cas
cade covered with ivy and ferns; with a
sprinkling of hyacinth, lily of the valley,
etc., which will be placed on board or the
steamer J. M. Gusky on the night of the an
nual excursion on the 11th.
GAIETY AT ASBTJBY PARK.
People From the Smoky Cily Who Are En
Jnlng ThlsBrsnrr.
Asburt PARK,Aug. 6 Svecia'. The week
now closing is one or the brightest and gay
est ever known here, Tbe height or the sea
sou has arrived. Not only the numbers of
pcoole present denote this fact, but the gen
eral awing and extent ol the numerous so
cial events. From now until the last or Au
gust summer life here will be one incessant
round or gaieties varying in importance
from a donkey party among the rabble to
the first-class cotillon among some or the
society people who spend their summers
here.
Mr. and Mrs. James E. Duncan, Miss Ag
gie Duncan, and Miss Amy Duncan, are at
the Metropolitan In Asbary. Tbey will not
return to their Pittsburg home until late in
An rust,
Mrs. Judge Saflord and bar interesting and
popular daughters, of Chllllcotbe, are In
North Asbury for thn summer. This family
Is very popular with the Pittsburg people
heietts they have for years been identi
fied with Pittsburg society.
Mr. Albert J. Edwards, of Pittsburg, is
summering on Second avenue and is exceed
ingly ponnlar in social circles here.
Mr. and Mrs. li. D. Holbanr nnd family.
Miss Mary Evans, Mr. and Mrs. William
Deacon and Mrs. J. Dunlap, of Plttsburir, are
recent Grove arrivals.
Mr. and Mr. A. B. Wiirley, of Plttsburir,
have recently Joined the largo contingent ot
prominent Pennsylvmiians here.
Mr. and Mrs. C. F. Wilde, of Pittsbnrg, are
taking an active interest In the festivities of
this resort,
Mr. W. W. Hibbert, or Walllmrrord. Pa., is
frequently in attendance at the Ocean Grove
meetings.
Miss Moorhead, a recent debutante In
Pittsburg society, has Just arrived at a park
hotel.
Bellwood, Pa., is represented at a stylish
Ocean Grovo hotel, the Sheldon, by Mr. and
Mrs. James C. Lowther. Mrs. H. CLowther
and Miss J G. Adams, or Allegheny City.
Mr. and Mrs. James 15. Stevenson, or Pitts
bnrg, are lu North Asbury Park at a pretty
cottage on Soventh avenue.
DE0VB TO SEES PAKE.
A Party of Plttsbnrgers Who Crossed the
Mountains In Carriages.
Deer Park, Aug. 8. Special. Tbe follow
ing Plttsbnrgers are registered at Glade's
Hotel. Oakland: L. Franzell, Samuel Stof
lard, J. B. Wheeler, Boss Duzell and J.Glbbs
Heber.
Mountain Lake's list will be full and com
plete next week. Yesterday a band of pil
grims from Pittsbnrg reached Mt. Lake and
proceeded to pitch their tent and make
themselves comfo. table. There were seven
vehicles or various kinds well filled with
members of the party and their utensils. It
is a mixed company of ladies and gen
tlemen who left Pittsburg some
weeks ago. They travel when they
please and stop where they please.
Pasturage and water are plentiful, and, as
S revisions aro cheap, a few weeks of genuine
ohemian pleasure is seenred at a compara
tively slUht cost. The aame party was here
five years ago.
Deer Park Hotel is filled by a Jolly crowd,
but, as usual mostly Baltimore and Wash
ington people. '
Plttsbnrgers here are: Mrs. James Herd
man, Miss Herdman, Sirs, Reginald Petrie,
nurse and baby; Robert Wolf, S. B, Ralston,
Thomas E. Doyle.
PIIISBUEGEB3 DOWff ZASX.
Quite a Nnmber Enjoying the Hospitality of
Colonel Charles Dnfty.
William sport, Pa., Ang. 6. Special.
Quite a throng of Pittsburg people of note
are stopping at the Park Hotel. Among
Colonel Charles Duffy's guests aro Mrs. Berg
atresser. Mr. F. P. Schurg, Mr. W. H. Man
ly, Dr. Watt Foster, Halsev Foster, Thomas
M. Connelly, H. B. Drake, J. H. Fllnn, A. J.
Nile and William Doe, all or Pittsbnrg; T.
BlttellLof Kane, Pa-t U. H. Moorhead, of
HarrUburgi P. E. Komi, of Tyrone, and J.
M. XDCana a4 wlf of Kmbwf.
GUSHERS AND DUSTERS.
They Were Brought In Yesterday In th4
McDonald Field In Equal Prop ortlon
Email Wells Are the Kale Tha Produc
tion Bemalns Unchanged.
The developments in the McDonald field
were unchanged yesterday, so far as new
wells were concerned. There were a nnm
ber of wells brought in, but they were so
light that nothing can be done with them
and the chances are that they will be con
signed to oblivion when they come to be
reckonedwiththe producers ot the world.
There is still considerable work being
done in the neighborhood of Sistersville.
P G. and T. A. Gillespie are drilling a
number of wells. They are putting down
No. 1 on the Thistle heirs. No. 1 McCoadL,
No. 3 on the G. W. Stocking, No. 1 on the
McCallum, No. 1 on the Nevin Por
ter, No. 1 on the Samuel Cox, No. 1
on the J. 31. Dare, No. 1 on tbe Williams
farm and No. 1 on the Cain. Their pro
duction in the field ranges from 1,100 to
1,200 barrels a day.
The Stuckmeyer well of "W. P. Kend &
Co. is dryer than a powder house and the
chances are that it wi'I never ru unv crnntl.
AVoodville. O. This productive Wood- 4
ville pool is pretty well confined to th east
and west and shows that the drv hole on the
Euhlman ten-acre traot, near the center of
section 33, Woodville township, Sandusky
county, which was completed over a year
ago, ana the well completed about five years
ago on Mr. Bauscamp's lime kiln grounds
in the southeast quarter of section 21, same
township, are two iar to the east for the
big producing belt. The well just com
pleted by Ike Collins on tbe southeast
corner of George Albert, Jr.'s larm, sit
uated on the southwest quarter of sec
tion 19, same township, is undoubtedly
on tbe west edge of the field, as it only
produced about 20 barrels the first 24
hours, and has abundance of saltwater.
The north end of the pool is about V miles
in width, while the south end is less than a
mile in width. The light producer on tha ,
Albert farm, the light producer on thej
Krotzer farm and the dry holes on the Eex";
and Iieman farms show that the field is no
good to the west. The north developments
are showing light, aud the chances for much
of an extension are rather discouraging at
the present writin?. George W. Barnes Ss
Co. are in the sand in their No. 1, on the
southeast corner of the T. L. Truman farm,
situated on section 17, same township. At
about 12 ieet in the sand at noon yesterday
the showing was for a light producer, similar
to Keil & Pennel's well on the Garrett
Myers farm, 400 feet east.
Found a Good Sand.
The sand in this well is of a good quality, '
and deeper drilling may bring forth mora
crude, but the chances are not very favor
able. The Ohio Oil Company's test on the
center of the west line of the Garrett Myers
larm, has been due in the sand for some
time, but bad luck has caused delay. It
will probably be completed by to-morrow
evening, as the contractors expect to strike
the sand some time to-day. This location
is about 80 rods southeast of Keil & Pen
nel's well, and at least one mile in advance
to the northeast of developments in tha
original pool. This will give the territory
in that direction a good test, and much
depends npon this well. To the north
west of the pool proper is a strip of
about two miles located between the Al
bert farm well and Keil & Pennell on tha
Garrett Myers farm. The territory will ba
tested in this direction for a short distance,
as the Ohio Oil Company is drilling a test
on the southeast corner ot the Henry Her
man farm, situated a short distance north,
the Kellogg farm producer and on the north
side of the Perrysburg-Fremont turnpike.
Another test will be drilled 2 miles in
advance to the northwest of the pool, as
Pinch Bros, and others have made a
location in the southeast cprner of the
Linker 140-acre tract, situated on the
northwest quarter of section 18, and one
half a mile east of the Sandusky-Wood
county line. The Hardly Able Oil Com
pany's test on the H. Borchering farm, in
section b, soutn ot tne mortage rtver, u -J
rods east 01 the county line and two miles
southwest of the pool, hajjlscl'med to about
20 barrels a day. ThVsouth end toward the "'
gas field is now showing considerable activ
ity and the prospects look favorable lor a
connection with the Rollersville field. This
is one of the best fields opened up in Ohio
in many a day, and the field shows good
staying qualities. Leasers are still at work
gathering up all tbe territory they can find,
and some big money is being paid.
Ihe Ganges.
The production of McDonald was 19,500
barrels yesterday. The hourly gauges of
the larger wells at McDonald yesterday
were as 'follows: Sinclair Oil Company's No.
1, 20; People's Gas Company's No. 118,
20; Porst & Greenlee's No. 3 McMurray,
20; Pitzgibboii & Ca's No. 3 Walker, 20.
The estimated production was 19,500; stock,
in tbe field, 48,500.
Buns and Shipments.
National Transit Company runs on Fri
day were 32,572; shipments, 1G.2S3.
Southwest Pennsylvania runs irom Mo
Donald were 31,743." Outside of McDonald,
none. Buckeye runs, Macksburg division,
d.ll-1. OllipillCUkSlIUUi iuc liiiua U1VI3IUU, :
37,226. The Eureka runs were 11,500; ship- jj
ments, 54,650. Southern Pipe Line ship
ments, 20,038. New York Transit ship
ments, 41,640.
The Tidewater runs were 2,973. Total
11,803. Average 3,934. Shipments none
THEATRICAL Q95SIP.
Basbis' Thzateb Is actually closed for this
week lor cleaning and repairs.
Tnn, crowded houses at the Bijon Theater
seem to indicate that there is a decided do
mand lor summer theatricals.
George C Jeskb is press agent and bouse
manager for the Biloa Theater and a better
man couldn't be lound for the place.
Tnunewlaborplay "Underground," which
Illustrates mining lire in Pennsylvania, is
the one In which Hugh O'Donnell has been
offered a position as a star. It is sild to
contain a number of sensational effect a never
seen hitherto. The play will ba produced
at the Bijou Monday, August 15.
Thkhe's a new play aud a popular star at
the Bijou Theater this week. Miss Kennedy
is to appear on Monday in "She Couldn't
Marry Three,1' The central figure in "She
Couldn't Marry Three" is a little fisher girl,
Bess Brandon, which Is played with wonder
ful fidelity and force by Miss Lillian Kenne
dy it is said. This young actress Is rapidly
forging to the front, and in this part is said
to excel anything she has hitherto attempt
ed. The play tells the story of a young girl
who is forced to make a choice from among
three lovers. One or the rejected takes the
blow gracerully and remains a true rrlend
to the girl who bas won his heart, but who
cannot give her heart in return. The other
rejected suitor tries to take a cowardly re
venge upon tbe gentle bat high spirited
maiden whom he has vainly tried to make
his wife. He is able for a time to separata
ker from her hnsband, but at last his cruel
plot is thwarted. The climax comes with,
nls attempt to throw Bess' husband under
the wheels of an express train. Bess saves
her husband, however, and the villain nays
the penalty with bis life. This is a most ex
citing situation, for a real passenger engine
dashes across the staze under full headway
with a train of cars a re w seconds after Bess
has performed her heroic rescue. There
will be two matinees.
rSKOKERS FINANCIAL,
ESTABLISHED 1884.
John M. Oakley & Co.,
BANKERS AND BROKERS,
43 SIXTH ST.
Direct private wire to Sew Tork and Chi
cago. MemberNewYork,ChicagoandPltts
burg Exchanges.
Local securities bought and sold for cash
or carried on liberal margins.
Invrstment&made at our discretion and
dividends paid quarterly.
Interest paid on balance (sine 1833).
Money to loan on call.
Inlormation books on all markets mailed,
on application. fe7
Whitney & Stephensou
57 Fourth Avenue
I
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