IW! m&SJBUzZ&t t; THE PTTTSBTJRG- DISPATCH, SUNDAY, AUGUST 21. 1892. 19 MONEY AND STOCKS. Confidence Eolds Despite" Various Unfavorable Developments. SUGGESTIVE COMMERCE KETURNS. Coune and Close of the Market for Local hecnrities. KEW TORE STOCKS LOWER AND HEAVI Saturday, Aug. 2ft. Something approximating activity de veloped in the ltidinf money markets dur ing the past week, but despite th fact that silver aeain torched the lowest price on record; that gold exports were continued, though on a moderate srale; that riotinirwas in progress in Bulalo and actunl conflict in the Slate of Tennessee; that the crops com menced moving, and that the labor situation In Pennsylvania M far fro-n a normal one, there was uo tiglitenin g np of money at an jr point and ease was the prevailing charac teristic. The New York bank statement issued to-day, however, was an untavor able one, showine a decrea e in" reserve of fS.S&'sST.'i, an increase in loam of 2,282.600, a decrease in specie of J1.C79.000, a decrease in lejjkl tender oi $1,921,400 and a decrease in deposits ol SR19.3000 ami unlessthe changes soon begin to shtlt money will undoubtedly rnle firmer nnder the increased demand al ways experienced during tlie early autumn. In "the face ol ibeutittivorahle developments corporate securities hav held up well, and 'while all commodities in which speculation Is earned on h:ivo liren temporarily de piessed, thev have shown a strong tmuer-ton- th-u liasassl-tr-d matorial'y In su-taln-lns confidence. Favorable nctoishave not been lack nr. The comparatively slight ef fects pi oduced bv the old exports and the Bllver crisis d monstraied that thev were mi're or less d srounted. Bu capitalist saw mre good than evil in the situation though for the moment thev moved with caution their clear-cut vision taking in the rapid and wide spread development of the countrv as a m hole; they siw that Cleanup House fl nres were steadily la'ger than a var aco; that busino-s tallures neto steadily tlecrein-iiig. nnd that net icsultN of the tailronds ere quite sattstactory. They also saw the prompt me-is.ures taken to up hold the law where lawlessness prevailed, and In various way thev give evidence of confl lence ii the inlieient strength of the general situation. In tevlewing trade nnd speculation Henrv Clews & to. conclude a. len.:t v letter as lollowi-: Tne fa volatile developments have ptnlmbly been about discounted for the present: and, in the absence 01 fmtlier surprises, I look or Imptovemcnt later on, T e silver situation takes no one by surprise. Tlie danger has bern long roreseen aim wellgtuirdcd against. Be ore I ng wemayexpecta nal ordI-tres from the Mlver producing regions, for at present prices there can be little it any profit In the mining of the product. This 01 Itself is n crumb of commit, and theie is reason to hope lor some wood trom the dis cussions of the Internatio al Monetary Conference. as the distress it. India is likclv to orceGieat Britain into some sort of con cession at no distant date." I r I:n ommerc. It'iorns. The July return of foreign commerce are suggestive. Com pi red with the same month last year exports show a decline of $4813,663, while imports increased $4 ail, Hi, making the excess of imports $8,644 c0) greater than in July, IS9L In other words, our July Imports were $.3,017 9.W larger than exports compare t with an excess of only $1X73.142 last year. This tailing off In ex port was chiefly in breadstuff- and petioleum, lower pi Ices also accounting for considerable ot the shrinkage. Details of Imports are not yet available. Tho signifi cant part ot these changes is their bearing upon gold exports, which they encourage rather than diminish. The totals for July areas .ollows: IS9. ..f71.S73.lS0 .. S8.3."i5.230 1891. fS7 WAKB Cites. EU Import!.., Exports.. Inc. fJ.Sit.145 Dec 4.313.Gu3 xcess Im ports fl3.0I7.950 f4.373.142 lac. f3.S44.803 Local -ecatllle. Transactions on 'Change during the week acgreeated2,210 -hares stock and $1,000 bonds. This Is a air record, all things consideied, but the market was rated dull and strong throughout. The most active shares were the eassers and the Indus rial-, nearly all o' which scored handsome net gains. The clos ing bids to-day, compared with those of a week ago, shnw'the lolloping changes: jtdvanci Llbetty National liank JJ; People's Natuial Gas and Pipeasrc. J Peo ple's Natuial Gas, 1W: PhilaUelplna Com pany. 1: Wlieolin-.'Giis,;; Citizens' Trac tion, ii: Westing' ou-e hiectnc SJ; Under ground table. i: Westlnghousa r-lectric second prelerred. 2J Decline Pleasant valley.U: Union Switch and Si.nai. i: P. & B. Traction, $; Westlng bouse Atrbiake, ). Westinghouse Liectric was boomed by the Eist, where a disposition evidently pre vailed to keep it well up in the running with General Electric, which was being boosted by some o the ehtewdest manipu lators ever known to speculation. The operations in the two stocks neie evi dently based on something else be sides merit, and to many they foteshadowed an event of great importance In the History of both companies. Natural gas shares were advanced on a continued Improvement In the condition or the various companies, and unless the leading companies i liar nre producers of gas meet setbacks afield their stocks are bound to Eteadilv advance. Even at the higher range, they look to be the best put chases on the list. The declines of the week were with out stgnlflcane. Airbrake shows the gie-tt-est reaction, but It is only nominal. Tne works at Wllmerdlng ate again tunning full time ana tenor ts of a lare number of fresh orders are current. Street railwy shares were comparatively nenlecied so tar us trading was concerned, thnu-h in tho bidding and offering they re ceived about the usual attention daily. The feature or the week was the agreeu ent be tween the magnates as to the terms of al sorption o' Pleasant Valley by the Manches ter Traction, details ot ieorranIzation, man agement, etc., and tbecillingot atneeungof the vtocknoldura of the latter corporation for the purpose of voting lor or against a proposition to increase the capital stock from S3 OOO.OJO to J5,tKX1.000. A!l chat Is definite ly kno ti is that the Pleasant Valley will get $1,000,000 forits plant,elc.or$!.'0,lJ) more than Ita share capital. Till- 1200,000 liming is to lie divided up aim ng the Pleasant Valley stock holders in the propoitionof 1 to 7: that is, each stockholder will get one additional share for every seven shaics held, $200,0.10 being one seventh of the P. V.'s capitalization. Then this stock will be exchanged lor P., A. & M. stock in the propcution of 1 to 2. For instance ft holds 70 shuresof P eas.int Vullej, and ho gets IOiiddiliunnl shares as his pari, of the $200,0U bonus wnlch gives him tU shares of a J-i stock. This he exchanges lor 4J scares ot P., A. M. traction, a. ;M stock, which seer'.s to he qui o an equiiaideexchhiie. Toe latter stock is not at. par an-l P V. i." a hair point above par, but the stock dlvi lend alittlo troie than makes up the difference. Another feature of the week w.ts tho statement made by the United 3:t Glns Company at lb. -annual mcetuigou WrUi.es day, which rp;iarently snowed t'tat dning the last six months of its fiscal Tear it earned nearii 9 per cent. The net earnings of 5155,000 mil be doubled during the current reai, -iccording to the predictions ot the Picatdciit of the company and tho com rianv's friends. They should be. Knioie tne 16 actoiios cre comLined they earned on an nvciage 11 percent per annum etch, nnd if the net earnings of tho combine I coin panics this year do reach double flguic, as prodlcied, they will still 1 e about 1 per cent short ot what they earned as separate concerns. And this, too, nut withstandlng rate-cutting on some descrip tions of product has been done awar with andprc-s advanced. 1 he Iiisfatuh does not desire to pose ns a bear on the stock. It roeroit declines to rcoinize the cotnhlne as lln.j "all that tunny claim It Is until it ran ihn-r tn earning power ntle.-.st equal to that shosnb-, the various factories while run ning as separate and competing concerns. A Few Comp irisons. Some of the most noteworthy changes In price within the last year are given in the table appended, the figures given being the closing bids on the dates named Weekending Weekending StocVs. Aug.Si,'!'!. Ang.a).-t)i, Liberty National Bink . 103 1(0 139 15 lonoug&hrU N&llon-dllank... Peuple a Natural (j is Petpte's PlpcA-e Plitu.Celpld.1 ''"trpanj Whe-iicg N -aural uaa Ont.-Jl irieilnu tltlren.' Traction Elrssanl Vt.iey uater Ulniar Companr L"iil"n cw:irn and slenal. Weatlnxh-iace Airbrake Uodenruuud Vable VVeatlaehoaae Electric P., a,tll. Traction , 130 . K , 8 , II :Sf , 03 2-H . i: , 7 . 101 H ei 10) a 51 i 19 t9H 01', I4 44 17V 1j of a N -table Bride. The last support of the old Sixth street nspensinu bndgo was taken away Thnrs dT. ai.d tho dofihle wires, from end to end, swing nJ gway-l to and :ro Jnst as they did when they were flrst suspended 4 ynsra ago. Q ti'.e a throng wltne-acd tho final blow at the structure that ha-l stool tho storms and traffic of nearly two-soorn ysars, and lnanv 'ero thcte who know its history as they know thet row ii. The last font pi-scn-.'er passed over the original footway earl In the day, and thereafter loot travel was on a temporary wav outside ilia breadth of the old bridge. In its aay. the -ixth street suspension bridge was considered ono of the Quest In this country, and in 18-W, when thn I'rinco vt Wales tlltel Pittslmtg, he thoroughly In spected It lift! pronounced It ono of tho finest 1 n had evor oen. 1. was built 111.133 by M'. Krehllng at a cost of$20J,0vXi. and ns h'.s second venture m thn linn of suspension bridges. The late John llnrner. In ooiitiec tlo'i with Kobe it P. -or aud Nathaniel Ilnlmo', were tho moving spirits in Its con stiuctlon. In the building of the new structure, which will cost about SW.OOO, Join IS. .Jackson and Gcnruo Shims, Jr, un til prime movers. Mr. S ilras will be Presi de,: o tne briJgn company, ds ho hits been sine- ti n death of Mr. Harper, and William Itosouurg, of t!m Ban!; of Pitishurj, will bo rnntinim I as Secretary and Treasurer. Tito brldj-e, which will bo finished about anuary 1, nex., wil: be ono of tlie finest of its class in the worlo. Ita towets will be W feet high. Its walks and drives wide nnd modern, nnu P will havo special waa lor stient car tracks. 'or tha oaeol which the Pittsburg, Allegheny and Manchester Traction Com pany will pay an annual rental of $16000. A Brokerage Finn's Vl'-Wa. Following is the regular weekly stock market lotter or A. J. Iiwrence Jt Co.: "Our s'nek market has maintained Its firm front, but tl oamrunt of business transacted was !iai aly up to txpecfat Ions. One reason for this is that a large number of traders have not yet returned Irom their summer vpcitions; another is, that large bmers cor.pl not execute orders without running priees upon theniselvrs, and nic evidently waiting for a reaction. Considerable Interest hits centered In the Eistem market, espec ially on account nl the activity and advance In General Electric, which has been reflected, but in a less degree. In Wesiinghouse Electric, Tne comae ol the fo-mer is so palinldy the result of manipu lation by -non experts as "Deacon" White and Mr.'Keenens to Diovokothe inquiry, Why is such expensive talent employed In this din ctionf We ate inclined to the opin ion expiessed in one ot the news a crs, viz., that tlie boosting nl General Elect! ic is tor tne purpose of contrasting it with West Iiighnusa Electiicin anv business negotia tions that tuny come up in the lutuie. Thi is a game tha two can play at, however, and as the Pittsburg companv's capital is aboutone-filtli tl e size m the com bination's tne task of booming It, were the insiders so disposed, would be a com ptmilvely easy ooe. llut while 'he trust officials aie apparentl) en-aed in stock jobbing, the Westinghonse people are carry. ins offrontracis in every c irner of tne elec trical field. The In est if these the Older from the Philadelphia Traction Company is belt ved by tinny to be evn moie im portant than that for the World's Fair It hull-', as It Is well known that thestieet rnilwav syndicate has been tnv sttgatlug tne merits of the vat ions svsteins for about a j ear, and it Is nl-.' conceded rhat the big money In electrical business In the Intuio will be in street railway apparatus From wnat one can see, the home company has -o inrver. much t be best ot Its fl lit with the trust. As to the rout so or these, stocks in the market. General Electric will no doubt advance so long as the man pulatlon is Kept U, and Weftiniihnnse E.ectilc will continue lo gain steadilv with the Increase In it business but it is not likely to make any sudden .lumps or slumps. I'lilladelphiii Gas closes with a gain of about $1 n. share lot the week. Ita advance Is lualthy, the tnaiRet lor the stock is broatl ei nig, and we be ieve that It will easily move n to '25, nnd should the prpsent pros iecc lor gas Improve it will sell still higher. Avear ago It had a gto-s debt ot $1,250,000; to- ay it I as a gioss debt, including bonus, ol about $400 000. This sho's what it can do in ihecourstjof a year with a marked short age o gas. How mncli better It shou d 'O with an increased supply anyone oan figum out oi nimseit. The teportmadeat the annual meeting of the Uni-ed Sates Glass Compiny lully confirms the favoiubln view we have taken in repaid to the c mmon stock whlcii Is qun'ed at G970. For tne last six months of Us fl-cal yem it has earned at the rate oi 6 pei cent on its entire capital, and, knowing t.ie ability ot its management, we bell.-ve it Is noi an exaggeration to predict that it will earn 10 per cent for the current fiscal year. There was but little trading ill the street nt Inays. The onlv development relating to ilieui was the official call for a s ecial meeting of stockbo.ders ol the Manchester Traction Company to vot-i upon a prop 6ed increase in the capital S'Ock to enable it to acquire additional tmuchlaesaml lines. This Is generally ado itti d to be tne preliminary sien toward the absorption of tne Plea-ant Valler nnd the combination or all the North side lines under one management. "We ar very glad to nole a be.ter tone In the bus! ess si uation as a i esuit of a settle ment ol the iion scale, and we expect It to have a good eflVct upon our stock market." dvlrea From an Street, Watson & Gibson to Oakley & Co.: "The London stock market appears to be plucking up a little courage and operators there are beginning to allow some sUns, though very teeble yet, of the return ot con fidence In our securities, which we have re rent ly predicted would come in to tein orce' our market. We believe that those persons who merely look at our home market and who consequen.ly argue that holders here, while iioss.bly not anxious to sell, are still not willing to buy more securities, fall to reckon on the foreign lactor. In our Judg ment ihat will come in to give an im eius to our market this tall. August is the cliie holi day moi.th in England, btock broke. s there, even mote than heie. fly aay to i emote points on long nnd continuous vacations. L 'iidon has no such a variety of placrs in close proximity to the city as New York has in tne iiuusnn nier, the souuuuuu ixiug I-land, i he Jeibey lakes and coast, the Cats kills and Beikshlres. Urokers there go to Devonshire, to the Isle ol Wight, to the sea snore places lu Holland and France, but mostly to .-C'tl.ind, while Norway attracts a good many, lbey go iart..er and star lon.cr than American biokets. W.enthei return --aiiyin Sep. ember this year we ex pect th into be a little more hopeful and ambitious, and mat hey will set to work to make some business and some money. '1 hey must come our way tor long ohauces ol gain with minimum risk. They certainly are not going to put airy money into India, and Aus trian is in almost us bad a way. Its dobt is 185,000, tOO on a population ol 4,-JOO 000 which in jusiaiiouithesamenuiiibei oi iuuabi aula as London. "Theieis not much prospect of any In flux of British capital into Australasia or Argentine until thej have exti Seated them selves fruin their burdensome debus b ft ow and palti.ul processes of letieuchujeiit and financial reorganization. We have the best credit ol any uatiou lu the wuild and tins Government cmi burrow money at lower rates of luleiest than liny other political power. We are on a goid baslr, but tnat basis Is widened by the existei.co of a mass ot ,Uer and silver money lor domestic ex change and intercourse, which lubritates the whee a of tiude and enables us to move the crops. Political economists have agreed tout Franco is the most-self-contained and Independent btate In Europe, because it has a prolific soil with small aud indcpeiid-Mit jro,.rit"toisnipi, a aot that is not orrneJ by aboimtee lauulords, and that ts capable of rusialnlug the entire Frencu population In a, pinch, anil, luriher, because Fiance owna Fiance, silo is net luorcaged to other co.iutilus: her t:oop!e own Her rentes, the Government bonds and her rail ways and bur wuikahops, as well as her fields. We this sinniuei, light now, ure more uearlv the bona fide atiu exclusive owners of our own domains than ever before in our histo.y. In buying our securities Horn Europe we have made a good Investment, and. It Europe wants them b.tck. as she is sure to, we shall ask an advance on the cost pi .ce. -The bank statement to-tlav showed a loss or less than $J,500000. There'aio laige sbip mems oi currency to the intciior, ai.U it is iiaiuial that the abnormally low late of 'call money' should stilfeti a little. That there, uiil bo plenty of money ut moderate lates this tail Is assured, bu. be '.is will prob ably tri to make some capital out o. the first real advance in d.scount rates, an advance that will be merely sessotiKbie. We see no leason to ai.ate our coulidsuce In the futnre ol tne market. It la cither a purchase or a sale. We believe it is the loruier, decid edly." Financial Rotes, Unlisted street rail wiy securities closed as follows! P. & B. Traction, 2oH8-6H; doSs 101, bid; Duqut-sne Traction, SO asked; P. A. & M. Traction, 44JJIif Alter the close 21J was bid for Philadel phia company, and there seemed to boa sudden spurt in the demand. The final quotations on Westlnsrhonse Electric second pre. erred were S!$i233'A The first prefeired was quoted at iojiji. Tlie National Lead Company has declared a quarterly dividend of lj per cent on the preferred stock, payable beptember 15. Bouks close August 29 aud reopen beptem ber 16. The City Insurance Company of Pittsburg has issued a circular lo stockholders statin? that "it is with feeling or great satisfaction P. B. Traction...., Puquesne Traction.. that we announce to yon that the former im pairment of the capital stock oi the com pany has been entirely cancelled, and that Instead of n deficit, the company now has a surnlus of ,lsi 59 " .New Tors wired Chicago to-day that Sugar and General Electric would sell materially higher. Thi Sugar crow d say that the com mon stock ts earning 33 pe.r cent, "Deaoon" White thus telegiaphed Ills Chi cago cortespnu'leuts yesterday regardlngi Manhattan: "Manhattan Is earning 11 per cent And paving G percont. It has no re bates, no commissions, no terminal charges, no truckage. It Is a simple case of denp a nickel in the slot and take nnta ride, but never get a ride without dropping in tho nickel. Hook for it to bell at 173 instead of 187" . Tho improvement in the price of General E'ectrlc, says tho Wa I Street .Veun. is upon the best possible baIs largn earnings, n brilliant outlook tor business and a strong financial condition. We are Informed br unquestionable authority that the General Kloctrio comranv upon the close of the dscnl year w ill have lu its treasury a cash surplus of tS 500. 000. Dos o'i Ness Bureau: The Westlnshnuse cortraot tor equipment for the Cithariue and Bainbridgo street car line In Philadel phia calls for equipment ol 21 cars with two 20-horse power motors and two goncrators each 20-horse power. New rails will be laid at tho start. Aiiuust product or tho West Inelmuse Company Is expected to oot up $&Q.C00. The alteration of the old Brake Woiks progrcs-es mpidlv and In a nton'h the comis.ny will be making an output thoie. With tho Newark factory turning out street car motors the throe isctoiles In operation should Increase the Westlnghouse on'tiutWper cent. The recent Improvement in Lead was a surprise only to nnisideis. The company, it is claimed, is doing a larger business than ever be'ore in its history and presents no vulnerable point tn vexatious litigants. The recent buving of these stocks, and par ticulatly ofprefened, Iih been of the best kind as ts based upon pro-knowledge of the handsome report of the companv's present condition shortly to be m ide public Close of the Local List, Trading on 'Change to-day was limited to Philadelphia Company and Pleasant Valley Kail way and was light aud leatureless. Asa rule the market closed firm, with consider able business in the hands of the brokers. Thestroiivtcst Items were the ga-snrs and the ii dtistrials,though Airbrake closed off nom inally at U7 bid. Sales: SO shares Philadelphia Company S1K l0bltarts 1'hlla 'c plda Company 2IH 10 shares Philadelphia Co panr 219s 60 shares Pleasant Valley Railway 2o$ Totalsalea, 210 shares. Clos ngbtds and offers I BANK STOCKS. Bid. Asked. Citizens' National Bank 6M 66)4 Exchange National Bank Mi .... lrou and Glass Dollsr Savings 170 .... Keystone Bank or Pittsburg 85 .... Liberty National Bank 101 Monongahela National Bank 133 .... beeond National Bank 2G5 .... Tradesmen's National Back 250 Union National Bank 175 INSURANCE STOCKS. City 21 .... Citizens , 33 German American K .... Humboldt iiH Western Insurance Co 40 NATCRAt, GAS STOCKS. Allechenv Heating Co 75 .... Itrldgewater Si .... Oliar ri Vallev Gas Co 12M People's Natural Gas Co ZW .... People's Natural Gas and P. Co 15 .... Philadelphia Co UH 21H Wheeling Gaa Co 19 20 FAhI-NGER RAILWAY STOCKS. Central Traction 29J4 30 Citizens Trartlon 61i (2 Pittsburg Traction 6T Pleasant Valley 25J4 25J RAILROAD STOCKS. Plttshnrg, Tonngst'n n" Ashtabula . 44 .... Pltubure and Oonnellsvllle 9 Pitts.. Cinn., CM. cist. L. R. R. pref 6t!i Pitts., Va. 4 Charleston R. R. Co 45 Pitts., Wheeling 4 Ky 50 M), BEIDl.E STOCKS. Band street O .... m-i."-a STOCKS. La Noria Mining Co t 8J ELECTRIC LIGHT STOCKS. EastXnd (0 W eatlnjchonse..... 20 .... MISCEIXANfOrS STOCKS. Monontrahtla Navigation Co 65 .... Mononrahela Water Co Kii Union storage Co S9 60 Pnlon Switclt and Signal Co HH IS Weitlnghome Airbrake Co 127 Westlngtionse Krske tin.. Mm 92 Standard Undfrrround Cable Co 74i 74H U. b. Glass Company, pref. LXI MONETARY. The demand for discounts hss improved somewhat of late, especially fiom mer cantile and manuiacturing source-", but rates have continued unchanged at 8S per cent on call and time loans, with the market quoted easy. Eastern exchange and cur rency have ruled at par throughout the week, with the ormer In rather excessive sunplv st the clos-. New York, Aug. SO.-Money on call lJi2 per cent: Inst loan. 2: close ' ottered nt i. Prime mercantile paper, S'0 Sterling exchange, H 80 for Go-day bfl.s and $4 83 for den and. The to'al nmonnt or specie exported frnm New T'Tk rinrin" the las' week was $2,251,431. of which $1,935,000 was gold and $277 iSl -liver. The lmpoits oi specie at the por o' New York nrin r the last week were $33,584, of which $31,704 was gold and $6 880 -liver. N w T-rlc Bank Stat m -nt. Reserres, derrease I 3.395.575 Loans. Increase 2,.8:,C00 Sprie. rtecreahe 1.679,0 0 Legal tenders, decrease 1.921. 4'm llppostls. decrease. ,.............. BIS.3T0 Circulation. Increase 57.i0n Amount above legal requirements 13.378,875 Clearing House Fijurea. Plttsbnrg Rxehanges to-day. .. Balanees tn-day bame day last week: Exelianres , Balances ,.12.397.99; 42 ,. 651,047 00 (2.41 474 65 , 728.003 89 The cle irlngs of the past two weeks com pare as follows: Exchanges this week I4.025 tiK7 61 balances this week 3.963.6 7 30 Kichanee- previous weee I3.S63 411 41 Balances previous week 3. 543. 392 10 For the week ori89 ciirresoon-ilnrwlrli the week Jnst closed the exchanges were ft2.237.42s 97. Total exchanges to date. 1092. $435.119,. 50(05; same time last enr. 4'1I,3M.U20 23; gain this ve ar tn date, $M,S-S5.4S3 7. The ex.'hanges this week area little more than 1 per cent larger than those of last week and 12.7 per r-nt larger than those ot the like week of lb9L New Tork. Au". 2a B ink clearings to-day, $98,91 '.ros- balance'. J6i4 656. !llosTON.Aiig.20. BRnkclearingsto-daywere $14,79828; Im'ances, $1.7i03JI: or the week: C.lenriu.s, $3,711,4 8: balances, $10078,917: for coriespondin week last v-r: Clearin s, J8I 317.677; ba'nnees. $8,ir9 770 E.ite for money. 4 per cent. Exchange on New York, 1015cdl count. Philadelphia, Pa.. Aug. 2a The bank clearm rs today were $10,622,003: hala ces, $1.9-56313. For the wek Cleai ings, ?6 .129. 437: b .lances, $10,591,344. Money 23 per ce r. Baltimore, Aug. 2(1. Bank clearings, $2, 231,4-8: bilaiices. $362 411 Kate 6 per cent. St. Louis. Ma, Aug. 20 Bank cbarings to dav.V4.342: balances. $.150 53L Money quiet at 67 percent. Exchange on Now York. 60c i-count. For this week' learlnga, $22 . 2 6407: balances. $2 739S3;. For lust e-k CleaiiugS, $:4 3S3 663: balances. $2,781,919. For the corresnontling week of last ear Clear ances $23 9P3.1W5. ba'ance-, $3,417,06.1. CBtOAOO, Aug. 20. 31ouov easy at 4 per cent for cull and . lor time loans. Sterling ex change weaker, but not qnotnhly lower. Clearings, $16,008,368: la'ancn $1,455 50.!. For thi- week 1 leaitngs, $93,46"i.C5i; balances, $9,745,167. For the corresnondlng week Inst vrar-Clearings, $S9,461,681; balances, $7,613, 728. Memphis, Tesit.. Aug. 20 New York ex change selling at $1 50. Clearings, $193,721; balances, $89,454. DEMJILER PROPERTY SOLD. Mr. Hugh IUcE i--n ltoys the Sixth " venu Proporty Tor 8100,000 -A New Basin ss Block lo Bu Er. ctrd Herbert Ilostetter Buys on Crsnt "ttreeto- sslp and -tales. The sale of the valuable piece of property located in the heart of the city, which was re I erred to in this column a lew days since as being under way, has been consummated, George'Jolinson & Co. selling lor Demmler Bros, to Hugh JIcElveen, ot the Mo Elveen Furniture Com pan-, the prop erty located on Sixth avenue, be tween Sinlthfield and Wood streets, fronting 40 feet on 81xth avenue and extending back to Strawberry allev a distance o 210 feet, for $100,utM cash, or $2 500 Uer loot trout. Messrs. llummler Bros, hitvo een negotiating for tho eale of the prop crty for a long time, but Jiving to several hitches thn sale cocld not be completd.l until a tew days aao, the signing of the dual papers occuriing to-day. Tho buildings occu pying the site, a, the present lime, will be torn uowu nnd a flue seveu-tory business house ui'l bo erected In tboir stead Tho now building will bo built ol a very One quality 01 brick, and th" front will present a mag nificent appearance, as It Is to consist of pressed brick and the finest ol plate glass. When completed It will be occupied by tne ilcElveen Furniture Company, Limited. Another sale of city property of import- ance was closed np to-dav by Messrs. John- son & Co.. ho sold tbe E. F. Arthurs pt op- city. 312 Grant street, bavin.- a frontage of 24Kx93 teet In depth, to D. Herbert Hostetter lor "rii'-UU. auo purcmiaer iitiis .iiu rujuiu Int property and Intend tearing down the resent buildings and erecting an elegant usiiiess block. Mr. Hostetter claims that when the building is completed It will be one of the finest lu the city. Balding Permits. The following building permits were is sued to-day: L. H. Volght, a brick flve-story business house, 431 Llbei ty street, cost $14, 500. Tbe architect Is James Stein and the builder is Mr. 0. H. Deeds. 6. O. Lands ban m. a trame two-story dwelling, rear of Cntuelia stieet, between Firtv-flith and Fittv-sixth otieets, cost $1,000.' Kev. J. K. McC'lucken, a biick twostoiy dwelling, At lantic avenue, between Harriet street and Liberty avenue, cost $5,500. Michael Davis, 11 frame two-story dwelling. Concord street, no-ir Floners avenue, cost $200. Cnarles Kelb, a frninb ttso-story dwelling, Cobden stieet, ne.ir Saulsbury avenue, coat $1 700. William Hoyd, a Irnmo two-story dwelling, Coneland street, nearEllsworthavenue, cost $3,300. Current cales and Gossip. George Johnson 3c Co. report the following sales: Three loison Wj Ilea venue, between Watt and Francis streets, to Louis Gelsler. lor $2,400 cash. The purchaser will erect three brick dwellings at once. Alot in same plot to W Illlam Bell lor $S00j a lot in same plot to John C Brown for $800, and a lot 22x ICO In same plan to Samuel Wacliter or $1,000; a four-room house and a lot 37x39 .0 t on Watt street to Mrs. Mary E. Steven son tor $i,Si2: also 12 acres at Ingram lorthe Plnmuier heir; teims private. Thenar chuser of this tract will lay the same off in a plan ol lots. Tne property Is a very pretty piece of land and has never been on tbe maikot belore. Peter shields reports the following sales: For the J-chcnloy Patk Land Company, lot No 151 on their idaii: 100 feet to n 20 oot allev located on Haldaue street, Twenty third ward, for $450. Also lot No. 192, In the Gi eenfleld nvenuc plan, 30x90 lee t, on Hoosao stieet, lor $600. Charles --oiuers & Co. report the following sales: A fine larin of 120 acres, located near Loue lville, O , to a well-known iron worker of Allegheny, for $7,600; two lots, being numbers 6 and 7, In the San plan, Tcnin ward, Allegheny, lor $8J0 cash; and for James H. Aiken, lot No. 8 in his Fair mount avenue nlnn, 25x132 feet, to John . Siudeu, tor $1,000. Black & Balid sold for G. D. Slmen a farm on Honey cieek, Ashland co nty, O., of anout 140 acres, with good farm buildings, lor $9,750. Baxter, Thompson & Co., sold lot No. 47 in the Ituch Place plan. Thirteenth Kurd. 22x100 leet, lor $250. The puichaser has ubout completed a two-story Iratue Uuuse ou tne i-ame. The Burrell and Kensington Improvement Companies teptirt the following ua.e o. lots ut Kensington, the new) liianulaciniing citv 011 the Allegheny Valley liailrnad: Andrew H. Jackson Pittsburg, lot 70. block 13, $595: Jothan A. U hitznl, Jr., Salt-burg. Pa., 1 98. block 30, $618 Tt: John Ki bier, Allegheny, 1491, blouu 29, (56666; Mrs. Maggie Stadertn'in, Uuustleld, P:i.. 49, block 24, $526 16: John Ell eneus,Kirkhinil, west hi, f lot 21, hiock 12, $&5; Peier Wehnrr, Kensington. 5 leet. lot 22 ami lot 26, block 5. $1,450; George Eoedei, Kensington, 10 .eet, loi 21 and lot 22, blm k 5, $1,450: Joseph Se nl-ut, Pittsburg, lot 227. block 26. $616 75: Stenhen Mc Lartv, Plttshurg, loi 49 block 25, $ 87 50: 1 Hiti-ry E. A'.berr, Noblestown, Pa., lots 913. 9,4, block 30 $1,275; E ward S Keiinedv, Pitts'Mirg. s. 16 ! et, lot 2U. n. 10 teet, lot 21, block 5 $1503. Martin Piotronskt, Pittsburg, n. 20 leet, lot 63. block. 8. $375; Louis Sappe, Alidwa, Pa., lot 437 b ock 2. $552 50; .Mrs. Nettie liurnes. Kenslllnton, lot 86, block 8, $488 71: Mrs. Marv E. Lowry, Peltzhnover, lot 1,436, block' 29, $533 33: Caroline Kuhtis, Allegheny, lot 70 bl ck 13. $525: Ferdinand Velkepantt William Eenlmg, Mansfield, lot 6, block 8, $1 500: Henrv F. Winkler, Kensin. ton. lot 1,438, block 29. $525 Victor Vislett. .leannette. lot 25,block 25 $ 77 60; Mrs. Nettle Birnes, Kensington, lot 523. bloek 24, $493 66: Fred Hotfu an, Pittsburg, lots 311 and 312. block 25, $1,275. READING AND SUGAR Furnish tha Main Foiarrs of the Market, 1 bough Jersey Central, Delaware and Pud-on and General Electrlo Figure Conspicuous y In the Movim-nU The Cose H-avy and Lower. Nxw Yoek, Aug. 20. About all there was ot thn slock uaiket to-day was Keadlnx and Sugar. 1 hough a few material fluctua tions were seen in other stocks In which the transactions were much smaller than those slimes. There was nothing at the opening to ba-0 a movement upon, the trading being of the usual hand-to-mtmih order, with some covering 0 short? by the local element, which served for some time 10 ltiii art a firm temper to the dealings without material cl auge in quotations. Rumors that an extension of the strike on the Reading lines had occurred, however, were accompinied by a vigorous drive at that stock, inu while the tra iin in It ran up 10 large fljun-a it yielded only 1 per cent. At the suite time, su.ar, lor no Hpoarent reason, sold down Irotn 113" to 111, and while Jersey Central droppnd 1 per cent on the sale of onlv 20 sliaies, Dela ware anil Hudson was advanced to the high- e-t price o. the week", a general drive look place In General Electilc which yielded 10 i4 per ceu , but the lest of the market us not only intensely dull but absolutely stag nant. There was an effort to pick tip a portion ol tlie stocks put out In the last tew minutes, and the weak stocks rallied partially, but genonilly closed loner, -bile tho general list displajed a heavy temner. F ual changes liie generally lor lnctular trac tions, but Reading is on 1 per cent and Gen eral Electric . lailnud bonus were dull and featureless. though a loss of VA in Buff lo, Uochestec, aud Pittsburg consols at 117 nas baluced by a ain of 1 m Metropolitan lstf at 11834- Government bonds weie dull and easier. Close of the list: U. S. 4sree 1I5M Mutual Union est.. ..Ill U. b. 4s coup 1154 .-J. J. u. inu cert.. .111 Northern Pac Ists..ll6H No thern Pac. 24s.H4H Mirtliw'n Coiitolst..l33i No'liwnUelien.5s.l 9 it. L. 4.1. M Gen. 5s. 854 6t- L JtS. F Uen.M'IOd s. Paul Consols I.T) st. P. C. &P. lsts..HS U. s. 44reg- luu Pacific baol &... .10? LouU'na stamped 4s. K.'4 Te' n. new set us inn Tenn. new set 6i... lOU Teun. new eet 3s 77 Canada bo. 2ils 10-4 rn. Pacilic ists. ...10s Den. & It. G. lsts ..119 Dm. A It. G. 4s 8Z T P. L. (. Tr. ltcts. 80! I'. P. K. G. Tr KctS. 27fJ Unlun Pac. lsts. 107 it estbliore HOW R. G. W.... 79 Erie .Ms 104s St. K. ST. lien. bs.. eu M. K. &T. Gen.Ss.. 47 Bid. tAsked. Mining shaies closed as follows: Con. Csl. and Va, Ileadwood 322 Sierra Nevada 100 tandsrd 140 Yellow Jacket 40 Iron bllver 3-.0 Quicki.llver 33u Quiet sliver pfd 1700 bulwer 30 15 Gi.uld 4 Curry 7s HaleA Norcross 60 Home-take. 1510 Mexican 110 Mirth star. fiou Ontario 3950 Asked. The following table shows the prices of active itnrks on the New York Stock Exchange, cor rected dallv for Tiif PiTTSUURti Dispxrcn by VU1T.EY & STIPHEIff ON. oldest Pittsburg mem bers of few York stock Exchange, 57 a ourth avenue: flos Close Onen nigh Low lug Aug. ing est fbt. bid. 19. Am Colton Oil .. .. 47)j 47s 46K 414 47H Ain. Cotton Ollpfd 8254 8J4 Am. Sugar It. Co... 11314 113 111H lim II244 Am. Sugar ft.Co nrd 106 106 lOSS ICVH H6 A tell. 'IOi. &S. F... 33J4 3SN t8H 38S 38V C-auaillaii l'arlflc 8SH 834 Canada --outhrrn.... 68 53 58'4 6S-i bSi Central or V.Jersey. 134i 1341 133i 131 1W Central Paellio 2B-4 2!)' Clieaipe.Ve&Ohlo.. 23 23 234 - 23 C 3:0. 1st pfd 63 6 4'. & O. 2ds prd 31 43S Chleagubaslrusti. 82W 8214 81V 81V & C. Bur. Qiilncy... IO-i 10214 1U2J4 lo2Jt I02H C, Mil. tt. Paul.. H 82 82 8i 82 C.I M.ftst. v. nrd IX i2Sti (-.1 Bock I. 4P...... 805,' 805 80-. 80?,' 80S C.rbt. P.. M. &O bm UH 61 61) 51 1? C.bt,P..M At) prd 120 119M C. & Northwestern. 1161 117 UMs 116V 1I6H C. (.. C. A 1 66 66 6iH CA'-i 65 C. C C . pfd 88 Col. ( oal & Iron S2X 32K 8-'H 32)4 3I Col. X Hocking Val.. M 4 H!i 34S S4 Del.. Lack & West. If5S 153 I55S lJSi lio4 Del. &. lUn'.soa ISBH 1-7 13614 138 13S Dm. Rio Graude IS is I), i l:ioO., p.il 4814 4S Ills 3: Cattle F. i r... 47h IH 47H KH H Lke Erie West 24H 24K i. e a w.. pra 75(4 754 L-iSC hhore i W. S.. 131, 133V 1334 1M1, 13414 I O'.lUvIPe Mull.... 69M m'A 69 W's 69 V.icr.ii'ii t cairal I07S MU.')url P12c.... CO 60 694 blh 6!l Nsf.o.iallord. lo... 1284 is 128H I-S14 129 N.Ci'feto.,pfd I2IS I215t la-t 12m 121K N.tunal LeJ Co.... 42H 4! 42H 42j 42K Nat. l.cICo., pfd.. 87V B7V 7!4 07 87!4 Ncv YorkCcntrsL.. 112 112 112 112 112 N. Y , C. . u L 17 N.Y C.3t.L.ttpM 71 ,.. T.. I.. K.4 W... 27M 27 27)4 27 27M N.Y..L.K'.., prd S4 63!4 V. Y. A N. E 8414 34 33 34 Ij N. Y., O. A W 1V 19 18 19 1'1'i North Amerlrin Co 1. I8W Northern lUcidc S) 10 .sorlnern Pac. prd.. 55 15 55 tt 55 Orcgjn Imp'etnent 23 23 Pa.l&c -.nil M 33 l't(i..llrc JtEvans 18 18 i'lilla. A lb ad Ing ... 67 58 UH 57 8IV P.. C. C. 4 M.7j 21 2I)J P..a.C.i3f.L.p.d 62 62 Pullman Palace Car. 196 196 Hlchmonil.tU.P.r. 8 8 8 Sh 8 Rico. V.P.T. pfd. 40 404 leiaj Pacific 8 8 Union 1'aciflc SS 33 88 88 88 Wabash , 10 10 Western Union .. .. 89 99 MX 88 99)2 Wheeling L. B.... 27 27 tdtlmoretOUo.... 87 87 87 87 OT I?nlf TLT17'C 1 V T"l DTTMDO H K M 111 I H H. N A A I K M MjT O " VJX --- "" ' u-uxu Patterson fc Sohn's Well Reported to Bare Declined Yesterday. NEW -WELL B0DTH OP McCDEDT The Forest Oil Company's No. 2 on the Gregg Is l.eporled Good. BOILER EXPLOSION' NEAR 0AKD1LE. The oil operators were still talking about the Patterson & Sohn well at-Undercliflo yesterday. Last evening it was reported to be going down aud was said to be making only 250 barrels a dav. Tbe oil is also reported to have the same appearance and characteristics as tbe 100 foot product. This leads to the con clusion that there are still some people who are not sure that it is in tho 30 fnoisand.' lie that as It may, there are 11 number of wells alieady contracted for in the vicinity of the new well, and rig build era are getting ready to put up others in tb7 locality. There ts a big block of undeveloped terri tory aurionndlng the new well, and the ciancesare thatwiihln a few weeks theie will be a score of strings of tools running tn the region. Thn p ople who have not yet leased their farms are asking almost laimlous prices lor them, and It is next to , imiioss.ble to get a lease. There was a report enrrent on Fourth avenue lute yes erday afternoon that the Forest Oil Cn-iipany's No. 2 on the Gregg tarin, east of Greg station 011 the Panhandle Railroad was in die filth sntid an'd making noin 4u to 60 barrels an hour. TueirNo. I on tbe fains (arm. located south ot the tall road, Is a very email well, the No. 2 is located north and east of No, 1 and Utiioie on a line with 11 southeast extern 011 of the Menz farm nells which cut across tbe lower en of the McCttr ly pool. Toe officials or the Foiest Oil C mpiny stated tnat the well was shut down on top 01 the san I, but is not making 50 b.meis an hour, or any part of that amount, although It nas snowing lor a nell. Tney expect to drill it in tu-moi row or Tue-d,tv. It it should prove to be a pioducer of anv caliber it will doubtless otarta lot ot drilling south 01 Hue railroad at Gregg station, and east of Oakdale. New ork Starting at McDona'd. The Devonian Oil Company Is starting a lot oi new work in the lower pan 01 the McDonald fluid. They have commenced to build the rUB lor Nos 7, 8 and 9 on the El liott I arm, a mile north of McDonald, and they are now drilling at No. 5 11 the J. H. Robb arm, Nos. 2 and 3 on the J. W. Rob 11 and at. No. 2 on the Wetiengel farm. They expect to unit their N . 3 on tne w. a. .uoor head farm Into the Gordon suiid next Tues uav. It Is located south of McDonald. Tne Sinclair On Cmr.iiiuy is casing with the 6i pipe ai its No. 3 Kirk, located soutu we.st ot the old .Molar well, and south of Wil low Gr..ve. They have staited to drill at No. 4 Kit k. v Linen, Buchheit 4 Co. have pulled the casing at their No. 2 on the old Meise larm, and aie drilling below the 100- oot. They nave u fishing lob on hand at No. 3 Melae, and are drilling at No. 4. The Florence Oi. Company will finish up No. Sou the Mrs. Robb faim.suutli of Willow Giove, this week aud they are drilling os. 6 and 7. Greenlee & Forst expect to finish np No. 5 on the Gladden arm soutnwest of McDon ald Tuesday, and their No. 2 on tne Nuule may rrach the rand the last of the week. A bo. lei Inouted on the Bjlley lease, in the hollow uorih 01 Oakuule, ami belonging to Gresuleo A toist. blew up yesterday a ter 110011. AU11011 h some parts ol the boi.er were hurled 2,000 feel, no one was hurt. Ii wash 'in-: useu ai a pumping well. Hakmomt Guckeri. & Steele me starting to di ill then N. 4 on tue bhale farm at thl place. and arts moving their rig ami will he diilliu. Wednesday at No. 1 Duncan, at Pe te raville. Bowli.no GREE-t The north extension in the Bowling G 1 eeu field has upon its borders auutner mounter ot a well. It is owned by Mrs. James H..zelei te, aud is No. 2 on the F. Legally ttaoi, situated on section 1O, Plain township. Wood county, just nortn ot A. C. McDonald' dnll'ii . well on the James Ham ilton tract, eas. 100 leet Mom Uoitz&W'il Cox's No. 3 ou the D. Hamilton lai in, 5J feet irom Hie west line ot the acieage and 150 leet irom the south line. It was shut aud produced 500 barrels the first 24 hours. Ill- Ganges. The production of McDonild was 18,000 yesterday, tlie same as the day before. The hourly gauges of the larger wells at McDonald yes.erd.y were as follows: Sinclair Oil Company's Nos. 1 and 2, 25; Gieenlee Forst's No. 3 McMurray, 20; No. 6 Marshall, 20: People's Gas Cumpan.'s Nos. 146 nnd 143, 20: Royal Gas Company's No. 1 Murk Ro b, 22. The L-siim.ited pro duction was 18,000; stock in the field, 45,000. Runs and Sb pmnnts. National Transit Com pan v runs on the 19th weir 43,210. shipments, 27,731. Southwest Pennsylvania runs from Mc Donald were 19,508. Out-Ide of McDonald. 9.-IK-0. Buckeye iuns, Mackburg division. 3,4.6; shipments, none, bhipuie: ts irom theLi a division, 39 086: iuns, none. Tlie Euieka runs we e 10,967; snilitnents, 1,99.1. -iouihern Pipe Line suipiiienis, 25,014. itevr "fork Transit shipments, 23,069. The runs from Sistersville yesterday were not in. The Oil Market. Range of the Sentember option: Opening, 64JJC; highest, 64c; lowest, 54Jc; closing, Stjfic. Krtlned oil New Tork, 6.10c; London. 4 4 13-16-I; Antwerp, W. Nkw Youk, Aug.20 The petroleum mar ket opened steady and remained unchanged, closing dull, only one transaction being made during the day. Pennsylvania oil, snot sales, none. September option, sale-, 4,000 ban els at 55c. Lima oil, no sales. To.al sales, 4,000 bariels. Bar Sllvr. Nrtv Yobk, Ang. 20. Bar silver In London Jd higher at 3d per oz. New YorJc deal- eis price lor silver, o uiguer at ooc per oz. "Tnrelgn Financial. Paeis, Aug. 20. Three per cent rentes, 99f 97K f"r the ncconnt. LoKDOH, Aug. t0. Close Consols, money 97 1-16; do account, 97 MifcNt'w York, Pennsyl vniiln nnd Onto flrstn, 33U: t auadian Pacific, 90: Erie, 28; do 2da, 107; Illinois Central, lOlJi: 5Iexii-an onlinarj , -Jj1: St. Paul com mon 84":New YorkCentinl, ll!:Pnnsyvii nia, 55; Reading, 29: Mexaan Cential, new 4s, 69 I ar lier. 3Sd per ounce. Monev, K per cent. Rate ot discount In open market for short and throe months' bills, Yt per cent. Boston Stoc'ts Atch. & Tnpeka 38 Cln.lnc: I'rloea, Calumet & Ilecls... rranklln Kearsarge tscroln Sanu Fe Copper... amarack San Dit'gn L. Co.... est hnd Land Co. Ke.l 'leleDlione .295 . 12 . 11S4 . tth . 3 .158 . 14 . 18 .205 Boston Alnaiiy....2tH Boston & Maine 173 C, B. 4Q HG!4 Eastern ltallroad6s.I22 l1bjis. Central 16 Mei. On. com 15 N. y. a. .. iMg Old Colon v 181 Wis. Cen. com 1 Allouez M.Co. (new) 90 Atlantic 10 Boston 4 Mont 37 Lamson store S 18 entennlal lllnlne.. 7)4 N. E. Tel 56 li. B. copper Closing Philadelphia Quotations. Bid. Asked. 54 54 28 2s 9-18 8 8 59JC 60 81 i0 21 53 55 Pennsylvania Reading Buffalo, N. Y. & Philadelphia,., Lehigh Valley Philadelphia 4 Erie Northern Pacific con Northern Pacific prer. Heal Estate. sala. E. T. Schatfner sold lots Nos. 73 and 79. in the South View plan of lots, on the linn of tho Snhnrban Rapid Transit Electrlo Rail way, to Prof. George L. StaUl, of Iviioiville, for $700. W. A. Cole sold for A. Wilson McGahan to John C. Morrow a two-story Iraine slate roof dwelling or 11 ve rooms, Ith a lot 22x79 feet, situate on Albert street, Thirty-second ward, iOr $2,150. John K. Ewinr 4 Co. sold for J. Walter Bay three lots, 21x110 each, on tho west side or Fremont street, Second ward, Allegheny, forfCsSOOca-h. A. Z. liers & Co. sold for William Jensin son to D. F. Graham n frame house of nine looms with a lot 33x157, corner or Uuvls and Michigan avenues, Eleventh waid, Ailo gbeuv, lor $2,0i,0. James G. limber, tho well known agent, has commenced the erection o several six room Iraine houses In the Elba Square plan. Thirteenth ward, on lots 25x100, wuich will, when completed, be sold lor $3,000 Mr. Barber says the sale of lots In this plan is very brisk and only a lew that are not sold remain. M. F. Hippie ft Co., sold for W. 8. Watson to E. a Brigham, a lot on the east side of Dlthrldge street, having a frontage of 60 feet and extending hack 120 feet to an alley, for $3,350, Post 155 held a campflre at Mt. Washing ton Grand Army Hall Friday evening. It was well attended and as a "post social" was a most success'ul affair. Comrade were pres ent from al! the posts in this vicinity. Posts 157, 3 and 259 were unusually well repre sented. Among the well-known comrades who were the guests of the meeting were Senior Vice department Commander W. O. Rus sell, Assistant Quartermaster General Abra ham Levering, Inspector General C A. Snv dant. Past Senior Vice Commander Philip r ozena. Commander John Braeme of Post 157, aud Pension A.-ent II. II. Bengnugh. A number ofaddre 8' s were made bv the comrades, and Commander Russell, ho has within the past fen months bee i all over the Stuie, told of the verV' prosperous con d! inn or the entire department. Thn State officers feel that no spurring Is needed to keep I55in lis present. strong condition, In view ot the enthusiasm exhibited at Friday's meeting. Thn Pock Polnr Picnic. The comrades or the various posts say that Thursday's picnic was 'he best that nas yet be-n held by the Grand Armv In this vicinity. From both a social and a flnanc al point of view the celebration was a success. The crowd was not so large as In past years oh ing to i he method or issuing tickn s. It was necessarv that all tickets should he signed bv a post commnnd-r. While this ciused some little 'rouble, the comrades thought they were well repaid In the repre sentative attendance. A Pig U-unlon. A grand reunion of the survivors of the Sixty-first, Sixty-second, Seveniy-rourth, One Hundred and Filth. Cbie Hundred and Forty-eighth and Two Hundred and Sixth Regimeiits, Pennsylvania Volunteer", was heltl at Punxsulawne imThursday. Ii was attended by about 15 000 per-ons. Many dis tinguished guests were present. Delega tions trom the I lttsbnrg posts went to the celebration, including Kenior Vice Depart ment Commander W. O. RusselL C mrad" May's Funeral. The runernl o' James M. May, a member or Post 128. look plaoe ye-terdav artemnon at 3 o'clock. Mr. Slav died on Wednesday at tbe home or his slater In Clearneld county. The iuiier.il services took place at his late resi dence. No. 137 Blnwell street, Allegheny. Comrade May served nearly four years dur ing the war. His time was divided among tli Second West Virginia Infantry and the Fifth and Sixth Regiments of West Virginia Cavalry. 4rrand .trmy Notes. Post 480 added another name to its roster at Us last meeting. Comhade A. P. BrROHr izld, of Post 162, has just returned from a trip to the East. Comrade Edward Abel of Duquesne Post 259. is in the West on bis vacation trip. Post 480 will be the guest of Post 233 at Washington during the National Encamp ment. Comrades Marshall and Crawford, of Post 162, did very efllu ent service at the picnic and yet kept cool. Comrade Al ''ammero-, of Post 162, views Mars o an evening with great interest, be lieving ho has u home np yonder. The small croup pictures of Post 162 are leady lor distribution. Chairman Munroe would like tbe comrades to come and get them. The comrades of Post 162 regret much to see Comrade W. T. Brudberry so sorely tifSicti d. but he does nut belong to that stiff neck people. Sesior Vice Commander W. O. Russell. has Just re urned irom a trip to the East, where he visited the posts in and about FiiiladelDhia. The comrades were well pleased to See Department Commander Taylor and Past Department Commander Curtin at the pic nic. They looked so well. Comrade Jobs C. Hersch, late of the One Hundred unci Twenti-thlrd Regiment. Penn- alvania Volunteers, was admitted to mem bership in Post 83 last meeting. CoMFLETEnriangements have been made for the accommodation of Post i62 at tv ash ton. Chairn an Ferguson is anxious tor comraoes togite hiui tneir names. Sesior Vice Depaetme3t C k u aitdeb W. O. Russell's face worea happy smile as ho passed among the comrades at Rock Point. He was elated bv the success of the picnic. Adjctaht Nicuol, of Post 162, desired much to ramble among the green fields or Mais and bnthe In Its cool waters, but not know ing the route bas hied himself to Atlantic CI y. A MEETi-to of the Transportation Commit tee of Post 3 will be held at its hall to-morrow evening. All members o the post that will attend, the encampment at Washington are tequcsied to be pre ent. Comrade Murray, or Post 480, surprised the iiostat itsiast meeting by making an addre-a. His bneech was on Washington cl bs, and altbougu he opposed them he was voted to be the Daniel Webster or the post. Secretary J. L. Millioat, of Alleghenv, has sent out a call lor tbe reunion of the One Hundred an I Fortieth Regimental As sociation ou September 21. The celebration will take place at Washington, D. C. Ac commodations have been provided for. The famous One Hundredth Pennsylvania, t r Roundhead Rogtment, noted not only lo. its name, but fur its long journeys by sea and by laud and Us effective service on manv fields, ni.l bold its twent.--.eventh annual reunion un Wednesday, .Augusts', at New Caatlo. The committee appointed by the various posts In i he county on securing a lower rate to the Washington Encampment than that fixed by the Tiafflc Association will meet in the Untied Stales pension office on .Monday evening, Au.ust22, ai 8 p. M. A rull turnout is desirable, as bu-dness oi Importance will bo biou-iltt belore the meeting. The Fifth Regiment, West Virginia Vol unteer Cavalry, will hold their annual re union at Call ornia, Pa., on Friday next, August 2(3. The reason for holding the le unlon It. this place is that most of the com panies were recruited in this State, lour of them being Irom Pittsminr. Tuey were transferred to the ".Vest Virginia service at the beginning of the war. The survivors of the One Hundred and Second Pennsylvania Re.iment held a well attended reunion at C' cloramu Hall on Wednesday. Besides having a highly enjoy able social time, the comrades met, Iie.trd several addresses and passed resolutions of icspect to those who have passed away. The following officers wero elected: Presi dent. S. M. Duv.itl: Seeretnry. D. A. .lones; Tioasmur, capltiin W. W. Fullnood. and Chaplain, Captain Foster Aiwurd. Dravos buig wu selected as the place lor there union next year. 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, n ill be printed. Space is too valuable to be given up to the discipline oi delinquent members, notice or mee.ings, praise oi indi vidual lodges, advertlsemeut of orders or mere personal puffs. t Daughters of Liberty. East Liverpool wants the next session. The excursion over the Baltimore and Ohio will leave next Sunday morning at 8 o'clock. Valley rorgtCoaacli'-rlU blmi hereafter J THE SEGBET SOU on Wednesday evenings at 68 and 70 Ohio street, All' ghenv. , ai,j, ,., r it .1 .5''B,""u"rniHa"uyjtLD"L-.""'"" Associate Vice Councilor, returned vester- dav Irom a trip through Ohio and West Vir ginia. E. Lindsay Grier. the Pittsburg orator. Is to be the central attraction at the public demonsttatinn on Wednesday evening, the 31st, in Philadelphia. The friends or Sister National Marshal Laura M. Thompson assert that her ohauces lor promotion to the office o' Natio al Asso ciate Vice Count ilor nave grown very macu. brighter in the past two weeks. The tickets have already been issued for the trip to Philadelphia. They are In the hands of A. G.Wnlters, 1325 Larson street, Southside. 1 hevare sold at $9 for the round trip, good for 15 days, with stop-over privi leges at Wash ngion. All the Interest in the organization is now centered in the session of the National Coun cil, which will commence in Philadelphia next Tuesday n week. Western Pennsyl vania will have irom 150 to 200 delegates present, nnd the national body will be com posed nfa total of over 400 representatives. A teneral meeting of all the repieseutatlves and past officers intending to jo has been railed Tor next Friday evening in tlie hall ot Unity Council, ou the Southside. At this meeting It is expected that a number ot amendments to the con stitut'On and laws will be proposed and referred to n committee to have presented In the National Council. Some of these changes provide among other things for State Councils; or tbe election o tho en tire board of offlt ers by the Nation ii Coun cil; a premium for the organization ot new councils: a reduction In the representation to the national bodv, and other measures or equal in pnrtancn. The qnestion oi S.ate Councils will be a difficult one to dispose ol. There are but three states capable or sus taining State Indies, although the organiza tion has a reasonably firm hold In about 12 States. Ord r of Soon. Assessment No. 51 Is coming in rapldlv, there being only a few subordinate lodges yet to hear from. The public mpetlng held by Indiana Lodge No. 1.4 at Indiana, Pa., last Monday evening, was a great success. Deputy James T. Wilkinson will organize a lo ge in Wheeling, W. Vii., on the 3Nt in-t. He will be assisted by Deputy Howard L. Strickler, secretary oi Charter Lodge No. I Members who have sen' to headquarters for lieu constitutions should recollect that none can be printed until alter the lorth com.ng adjourned session oi the Supreme Ltid e. Whatever changes and amendments may he then made will be included In the new books. Ark Lodge No. 214, the new Allegheny lodge, is ev dently a bustler. At its lust meeting nine candidates were admitted, and a large number o. applicants ore booked tor the next meeting. Deputy George Vie. sack is un energetic or anizer, and proposes to put No. 214 very near tue top oi tue roll of honor belore spring. Maul old Lodge No. 39, of Parker's Land ing, held no interesting ineetiu. Wednesday evenin.'. The supreme Piusident. G. L Fol suiu, and Brothei E. W. Morse. Chairman or the Special Auditing Committee, made ad dresses. Manifold Lodge has initiated 50 new members since April 1. thus eclipsing all hot weather records. Select Knights of America. For skill in catchlug frogs, comrades Lewis and Smith are out of sUht. It is now Grand Lieutenant Commander Burdette. Here's looking ut you, Frankl Mr. Charles Bradley aud wile, nnd Miss Miller wero the guests ot the Rellevue Le gion. On account of sickness. Lieutenant Com mander Wright, of Bollevue Legion, was nil able to attend ti.e encampment. In electing Comrade Fawcett to the chair ol Grand Con rounder the comiades all leel that a wise r-e.ecuon has been made. Bellevue Le.ion No. 31 took 23 men to Camp and were numerically the strtui.esi legion on the grounds. Tuey all slept under canvas loo. , The band went over to the camp of Ban ner Legion aud gave them a serenade Wednesday. The music was hgliiy appre ciated by the Youuvstown comrades. Bellevne Legion is hustling in great shape. At its last meeting 21 members o. the Select Knights Band were initiated, and at Its next uientiug he remaining members will i ecetve the degrees. Quartermaster Nile R. Moore deserves gr ai credit tor the faithful manner in which lie :it ended to his duties. Colonel L-wts certainly mane a wise choice n hen he appointed Comrade Moore to that position. All the comrades wl o attended tne en campment at Connenut Like stv they never had a better time. The -telrct K'nUhts' Baud gave two concerts daily In Iron t of i be hotel, and to say tueir music was appreciated would be mildly expressing it. Knights r I'ytbls.. Tbe following officers of Wilmerdlng Lodge No. 319 K. ol P., ero installed rues- day night by Deputy J. J. Ken, o' tuts citv: C. C. J. A. Starrett: V. c, H. boycott: Prel ate, Ezra Wollerd: M. ot ., W. J. Renfern; M. in F.. WHiiam Haid: K. of t.. S., W. M. R'.we: M. ot A.. R. Leignt; I. G.. Wi.liain tnowden; O. G.f G. A. Fleming; 1 rustees, R. Sutton, H. tmuionds T'.C. Little; Keprescnt ative to tue U-aud Lodge, Charles A. Traut man. Old Grant Lodge No. 253 was in line in the parade last Wedne-day and cut quite a figure with their natty ure- of whiie caps, whi'O vests, turis clothes, caues and wuite gloves. "Old Did" James Mercer, one of the charter members of the lodge, was the tapt..ln. and he walked and bandied himseil as nell as tlie youngest member in the ranks. Grant is still in it nith the best o. them, as it turned out very stiongtodo honor 10 tne occa ion, ana tne captain, JaiueJ Mercer, wisues to thank the mem bers. The followerlng are the officers of the new div.sion, "Major A. F. lioyd Division, U. R., K. o. P." that wa- in9.i.uted at Broidoc Saturday night, by Colonel Simon Lingle, ol AlcKees Rocks; Sir K.iight Capiain, Il.irry L. Adams: sir Knight Lieutenant, b. F. Hero; Sir Knight Herald, George F. White; Mr Knight Guard. H. S. Speer; Mr Knight Sentinel, Richard Leight; Sir Knight Re corder, Charles L S.ioop; Sir Knight reas urer, Christ Forney. Alter tue ins.i tu.luu, as well as previous tn, a parade was givenaudihedivislon banqueted at het. ell's. The new division also bad the honor of tnklnt tne.avel offered to tho division of the Unitormed Rank-by the Giand Lod.e, making the beat shotting in the parade of last Wednesday. Jlajor A. F. Boyd Division wus aciouiianie'l by the Edgar Thomson Steel Works Cornet Baud of 40 pieces. A. O. F. of A. Past Chier Rangnr Dr. James R. Newton, of Scran ton, nas a prominent figure at the sessio - oi the Grand Lod.e. K. o. P. The Foiesters of -haron celebrated their Independence Thursday nigntwitn a lare entortalnment. Uiiiud Clile. Ranger Thomas J. Ford, Grand Sub-Cliie. Ranger R ibert M. Erskine--, and Grand Treasur.-r Aured Mar land were present aud inaee tneForestio spuit echo. Court Equal ty 6459 13 Initiating new mem bers ever; meeting. P. C. It, William Thomas, or Court 5554. of Wilkesbitno, was a delegate to the Grand Lodge, K. of P. Tim Forestera of Philllpsburg had a gala day and picnic baturdjy, August 13. Brother Mai land was present, and says the mountain bovs can beat nil getting up picnics. Court Unity held i excursion baiurday, August 13, and it was a decided success all round. A new Sweedish court is to be organized at Pnilllpsburg. Order ot TontL. At the meeting of Good Will Lodge 204 last night brother Adams, or Wilmerdlng; brother Redman, Supieme Trnstce;bro her Johnson, ol Puis tug Lodge spoke, billion Lodge was representc I by hrotuers Davis, Bojer, Wellington, Bishop and Giauuiii; WilinerdiU'. Lodge bv brothers Adams. Mutt llenimerlo ami Morrisy; Pittsburg Lodge by brothers Re Imau and. Graham. Tue grand union open meeting of all lodges will be a feature in a snort time. Jr. O. V. A. M. General J. K. Moorhead Council, No. 193, of Port Pciry, has elected tbe o'lowiug new officers: Councillor, Fred L. Keyser; Vice Councillor. H. C Cjrser; Recording secre taiy, J. E. Menge-; Assistant Recording Secretary, James J. St. Clair; Financial Secretary, ii- W. Bollinger; Treasurer, C. H. McCart) ; Conductor, A. G. Bennett; Warden, v.lliam Rader; Inside Guard, John Doolet; Outside Guard, F. B. ood; Trustee, W. S. luune.iill; Repre-,e . iatie to State Council, Joo E. Menkes: Alternate Representative to State Council, Harry W. Bollinger. The ilononi-aiiela District Association of When Baby was sick, we gave her Castoria. When she was a Child, she cried for Castoria. When she became Miss, she clung te Castoria. -j-rfcea she had Cnildren, she ear them Castcri ' the Jr. O. IT. 1 st hAtrf rln..httni social j session at Coal" Valley, Just up the Monona- 1 neia nver. rnuav e-einim i-' nw I ine-ent about 60.1 members. The Rev. Dr. Thomas W. Boy.e, o Braddock. anil Pror. A. xi. List, ot me same pace, who rrui. 1.-. Shannr, A.K. Willuim-on. Prot. H. F. Itrooks, H. G. Reed and Samuel J. Goodwin, of Mc Keesport. m de atidres es afier a musical and literary programme. An elegant sup per was served at the c!o-e by the Eporth League members In the M. E. Chnrch there at the expense of Coal Valley Council. General Lodge Notes. District Depntv Rev. S. C. Long installed the following i filters ol Washington I amp No. 2!3. P. O. S. oi A., or Braddock, Tuesday night: Piesident, D H. Hugo; Vice Presi dent, Henry sihara1!: Master or Forms of Ceremonle", E. J. Washburn: Conductor. J. H. Williams: Inspector. G. V Johnston; Guard. David Price; Treasurer Henry S'lar ah: Recording Secretary. Rev. S. C l-ong; Financial Secretary, Henrv Miller; Repro senia ive to State Camp. Rv. S. U Long; Alternate. Henrv Sliarah: Trnstees, D. H. Hugo, J. N. Griffl h and Rev. S. C. Long. LATE SEWS IN BRIEF. Glanders is prevalent in London. Politics threatens to disband the Texas militia. Vanderbllt's wrecked yacht is still stuck fast In the sand. , There is a grain blockade av srgentine, near Kna3 City. Arentine will try to settle her national debt on a ca3li basis. Rich silver and lead veins have been found at Little Rock. Venezuela rebels are about ready to pus'i the war to a crisis. Veterans of the German army will hold a reunion In Kauas City. Honduras Is making great preparations tor a World's Fair exhibit. The wrath of the English Radicals against Glad-tone Is increasing. The Geological Society of America -will meet at Ottawa, Out., in December. Jud-eDhgns, of M-mtreal, has assailed Hebrew immigration from the bench. The Shakespeare Birthplace Trnstees have purchased Anne Uathaway's cottage. - Kansas City expee s to entertain 100.000 strangers during the K. ot P encampment. Farmers near Oswego, Kan., have blown np with dynamite an objectionable river dam. Italians are angrv because their soldiers are drilled too hard during the present hot spell. - John Hitz, of Mexico, 3Io..drowne'I him- i self because he regretted having sold, his larm. A wild steer brnko looe In St. Louis' stn ets Friday night and gored a woman to death. The Kaiser absented hlmel' from a Dnnqnnt Tuesday night because Bismarck: was there. Another conference at Bos'on filled to br'ng a cessation of tue New England granite strike. London newspapers are holding np their hat'ds in horror at the leuellious outbreaks of Ameritan labor. A new Russian law will punlsn dealers who bin grain from poor peasants for less than the market price. Inhabitnn ts or Turkish ports are hostile to Hebrew immigrants Irom Russia. Tho townspeople tear cholera. James Cress, a bogus preacherat Hokah, Minn., was about lo preach to a congrega tion when he was arrested for horse steal ing. Near Fairbnry, 111., Andrew M'ller and Charles Mote loiirght on u stra t stack. Mil ler lell off and broke his neck. Mote sur rendered. A dronth rij-nviils In Anhalt. The rivers are all low. Navigation on the Elbe Is dif ficult Many animals have died during rail way transit. Three girls at Now Brunswick, N. J., amu etl them-lves by roekmx a boat. Lizzie Bnrgindv and Sadie White neve. got out of tue "a er alive. Two I alian girls, aed 5 and 7, rfere run overan. I killed by a Philadelphia cable ctr Friday night The parents and their friends tried to lynch the gripinan. Dan Moriarlty, an old man, was locked un at Jlondorl Wis., Friday for beln drunk. His pipe set fire to the Jail, which was con sumed, and he was burned to death. A gasoline ex-loslnn in a hone nt Chico burned Mr. Wright, wito and child and con sumed the house. The mother and little ono perished and the lather Is expected to uie. It Is 'aid the per on who sent otit tho false notice of William Waldorf Astor's deith has been di-cove eil In London. He is connected with the Stock Exchange. His arrest is expected. The Philadelphii Harbor SInster. having come to the conclusion that ibe rniIroad3 have no right to t e whole ear h, has given pe mi-sion to ves-els t moor at a pier claimed by the Baltimore and Ohio. At the M.tnhassett House on S leiSer Island, npurLong I-Hnd,someof the French cooks rebelled against the chef. AH the InrCH then took si es, and n fnrions battle raged. In which knives, dishes and pans were used as mi-si es. The chef's side was victono s and the rebels find themselves out oi a job. A HAN IN BUSINESS. During th Up anil Downs of Lire Ills Charact r Is Lesrn- o Itesr. "Society at lane is in doubt as to where a man's character and motives are pat to tbe severest test, but if a business mania questioned on the subject he will say about any one, whether stranger or acquaintance, pauper or millionaire, 'Let me see him in business and T will know what to think of him,' " says John Habberton in the Chatt taiupian. '"It seems like a selfish answer, but it is not. Business is neither religions, senti mental, nor philanthropic, and yet when the true character ot a man is to be ascertained there is no quicker or surer way oi dnin;y it than to consult his business acquaint ances. It the man is not smart they may pity him; ir unfortunate, thev will sympa thize with him, lor in the battle of life the successful man gets enough hard knocks to be able to understand why some less able man is knocked over. Hegariin; personal honesty, however, and the respect which a man really has tor the rights and property ol his fellows, business life is a standard ot comparisoifwhich seitiotn fails." S.i I Members New York. Stock Exchange, BANKERS AND BROKERS, Exchange Court. New York. TSKANCFI nniCI'i 31 Worth St. and 10 W.st 29'h St., jr.w Yorl.; 53 St it- !., It 'on,nnil oC "liv cir,1':liii'0 , Mas.) AM connected by prHnte wires with main iim-c. Also tnree private wire connections with Chicii.'O. Solicit orders forfnvestmentorspecnlatlon In all securities dealt in at the New 'fork Stock E-cchaii-re.nnd'-niin and provisions on the Chicago Bo.irtl or Trade, and will carry the same on reasonable margin. Will fnrnisii upon application, our daily market letter.silvln i predictions on the New York Stock Mnrkrt, also the grain and pro vision niatknts of Chlca-io, all predictions being based upon the transactions of leading manipulators, of whose operations outsiders seldom get an idea. Our Mr. Tounj lias ben amembernf the New Tork Stock Exchange since 1S69, and gives bis personal attention to ail orders intrusted to us. Refer to Bank of the State of New Torlc, New Tork City: Wlnthrop National Hank, Boston; Bilstol County National Bank, Taunton, Mass. nuUII-su ISKUKKIt FINANC4AL. ESTABLISHED 1881. John M. Oakley & Co., BANKERS AND BROKERS, 45 SIXTH ST. Direct private wire to New Tork antlbbl cago. Member New York, Chicago aud Pitt burg Exchanges. ... Local securl.le. bought and soldforcasa or carried on liberal margins. lnv stment!. made at our discretion and dividend- paid qutrterly. Interest paid on balance (since 1885). Money to loan on call. ... Iniormation books on all markets mailed on application. le Whitney 8c Stephenson 57 Fourth Avcx.ua -1 f a
Significant historical Pennsylvania newspapers