1892. . - -' - - g8. '
THE PITTSBURG DISPATCH. SUNDAY, OCTOBER 16
MONET AND STOCKS.
Firmness the Chief Feature at Do
mestic Financial Centers.
HOME SECDKITIES DULL BUT FIRM.
Easiness and Changes of the Week and the
Isual Gossip.
LOCAL AND GENERAL FINANCIAL XETYS
Satueday, Oct. 15.
Firmness continued to characterize the
monetary situation during the week ending
to-day, cliiclly because of great activity in
general business. To-day's Xew Yorkbank
statement showed a lurtber loss in surplus
revenue amounting to ?l,3y7,525, and the
actual loss of money was 52,436,525,
the decrease of over $1,200,000 in
deposits reducing the reserve requirements
over SI. 000, 000. The banks really have a
greater reserve than at this time last year,
but their deposit liabilities have increased
fullv 50,000.000, aud the funds, therefore,
are not available for
Tnere is, however,
legitimate interests
barrased by any
monei. The supply is
loaning purposes.
co danger that
will be eui-
stringency in
sufficient and mav
reasonably be expected to increase from
now on. So Jar as the United States
Treasury is concerned, the danger line is
pa'scd. An increase iu the amount of gold
in its vaults is shown, which amount is now
?22,000,000 above the certificates and re
serve. While It is true, also, tliat the
.New York banks are down pretty close
to tlielr reserves, and tli.it the move
ment of cuneney to the West lias
been larce, the increased deposits
lepiesent an incieasein businesspowerand
the monev Mint out will irom now on re
turn, making the market for money easier
at a time when tho Government is relieved
irom an embarrassing uncertainty as to its
pold liolrifnir, aud w hen the production and
transportation or commodities is most ac
tive and largest. It is a fact that at that
jvoment w hen money can he procured with
the most ol difficulty and the rate on loans
is inches , the most hopeful ant icipations
may be indulged iu as to the luture.
Local Securities.
Trading in local securities on 'Cbansre this
week and, for that matter, off 'Change
was comparatively lisht, and with two or
three exceptions, tho market, was feature
less. Transactions at the calls agzrejrateu"
2,700 shares of stock, $25,003 bonds and $320
fcrip, against 3,S-20 bhaies of stock, $7,100
bonds and $70 scrip last week. In a general
way the maiket was divided between
sticnath and weakness, but the sains, while
mainly iu tho bank shales, were the most
numerous and consequential. The declines
were not large, and iu two instances merely
leptesei.ted the dividends, which came off
tne quotations during the week. Tho clos
ing bids to-day, compared with those of last
neck, show the lollowinc chanses:
Atlrancn Alleghciiv National Bank, J
1ank ot I'ittsburs. 1; Fouith National Bank,
'.: Iron tity National Dank, 2; Libel ty Na
tional Hank, 2: M. A. M. National Bank", 3H:
Third National Bauu, 2: Enterprise savings
Bank, oi Allegheny, 1; l'leasaut Valley Kail
vav. : Wctiiihoue Electric uuasseuted,
'.: I'liion twitch and Signal, J.
'Declines Peoples Natural Gas and Pipe
ae, J-,: I'hiladelphia Company, J; Citizens
traciibn. '.,: Mononsahela Navigation, ;
I nderiound Cable. lJi;IJuquesue traction,
1 ,.: 1". A B. traction, 6s
Street llailways.
TIjc tractions vcic rather quiet during the
week, and. on the whole, were characterized
by a drooping tendency. 1". & B. traction
suOcrcd the most, piesumably because its
statement of operations for the past year,
w Inch was presented at the annual meeting,
was not generally favorably icceived. The
pi meipal icusou for its slump was, perhaps,
me failure of the directors to dcrlaio n divi
'' Q. 1 he public had been led to expect
t the stockholder would get something
the Hliujie of a dividend, and while
J. expectations iieie not based
knvthing tangible orofcial, the fact that
jy.were not icalized caused considerable
.appointment. The statement also held
Slit tlo hope oi an enrly commencement of
liucnd tiayiiiems, but those lio liilly
ldef-tand the company's financial anil
ysical condition emphatically expressed
iith m its :uture. The extension ot its sys
em to drain Hie south hilltops, itsinchuo
plane interest-, etc., were fully set forth dur
ing the week, and when the public lully un
derstands the woikins oi the parent sys
tem .tud tne leased companies a
better general sentiment uill uudoubledly
pievail. W he the extension to Homestead
is completed the system will bu ouo ot tho
best in the two cities. Its earning power is
ttcauily mci easing and the costot operation
!s being gradually rrduced. Investors w ho
like togoin lor a long pull" and big profits
netd j. no further than 1. & B. tnictioa.
Its condition is wonderlully impioved aud
its piospectsare very bright.
Duqui'siie traction and Citizens traction
lacke.i suuport and declined Iractionally,
the rouiseof the lortner justifying the in
timation iu these columns a week ago that
it u. pool had been iormed to
put it up, operations to that
end were licit likely to bc-i:i until
alter the Presideutal election. Tho latter's
rompaintive weakness was inexplicable.
For tlin S.st sis months of the jcarirs net
earnings were between $114,000 and $115,000,
ci at tl.e i-ate of nearly Sper cent, and as the
last ix :ue the ucst the j ear's net will prob
nbH justity tne claims oi its fiieuds that it
Iscaiirng between 13 and 10 per cent. The
Shurpsburg branch Is earning handsomely
and will continue to do so. it is claimed,; veil
when ttie Northsulw competition begins.
7 he extension to Wilkuisbnrg will be in
operation boiorc lo.ii :md it is expected
that operations will result ill a
protit right tnim the st.ur. It is popularly
supposed that the Duque-ue wilt divide the
patronage with the Citizens through the
tcrntory travel scd by thy latter's extension,
but iu the strictest sense they cannot be
called competing or parallel lines. At most
ol tho way points whcic traffic oiigmates
the tv.oetensions are lully a quarter of a
nun apait.
Pleasant Valley fluctuated considerably,
but it ruled tt.-udy to strong Hiid closed in
demand at the highest. Manchester was
nu'.et but linn ut ahou'.-Snffilo. The meeting
it which some ot the finis.uug touches will
be rut on the deal for the absorption of the
I'. V. by the P. A. A 51. will bo Held next
1 hursday, and it is not expected that any
vigorous opposition to the schcuio will de
velop. Full 33 per cent or the I. A. & 31.
slock and ! per cent of the P. V. stool; is
pledge J to it. aud some of the kickers"will,
it is . l'-td, bo hiouglit into camp before
the meeting convenes. One of the Mun
jliefc : stockholdeis opposed to tne deal
nascffoieu something xbovo tho current
nalket price for his entire holdings yester
iaj , something like 7,000 shares, but lie re
fused to sell. The great advantages to bo
lenved by all by the operation pt the loads
is one system w ere again fully set forth to
iilm, however, and after tho little
irgumeiit ho appeared to be resigned
ind inclined to phico no obstacle in its way.
As stated heretofore the two corporations
jnist go in freo Horn debt, and it is stated
ilia" both have enough to liquidate all obli
KUoai and pay a small tash dividend
jesides.
In the other street rail ways no noteworthy
"catuics developed. Thete was something
l a demand for Pittsburg, but the others
ere neglected.
Gas Shares.
Considerable inteiest was manifested in
the natural gas stocks and all rulbd strong
and buoyant with the exception or Wheel
ing Gas and Philadelphia Company, the lat
ter declining liactioimlly under a little ma
nipulation. Theie was really nothing to
l.ao manipulation on and atthccloso to
lay it looked as if the manipulators would
lave a little trouble iu getting their stock
,ack without a loss. The company's ini
aioved financial condition has made it an
xcellen collateral; it is a good 4 per cont in
estmcul. with promise of being an
arly 5 or 0 per cent payer,
nd at present prices short
ales carry considerable risk. Of
icials of the company aro quietly confident
hat they have all the gas they will need for
lomestic consumption this winter, and they
till be able to suppl vail wants in this lino
or several vears to come at least. Tne
Hsscr are making more money at present
ban ever belotcand their stocks are better
(urchaes.
1 he Philadelphia Company notified house
old consumers to-day that the 20 per cent
icount heretofore allowed on all bills paid
-Itliln lidavsof thoir date would be ie
ucrd to 10 per cent, the jeductlon to apply
oall sas consumed on and after Xovem
er i.
Industrials.
Strength and quietude characterized this
roup, with the demand ptetty well cover
up the list fcwitcU and Signal and Electric
were most activo. perhaps, with Switch a
little the most prominent for strength on
continued reports of a big business ami
fresh intimations that the company would
triumph in Its legal battle with the Johnson
Companv. Alibrakewas steady to strong
around 13513."; United States Glass wa
stronger, with a sale of the common at 6
Underground Cable about held its own, ex
dlvidend and Electric was generally firmly
held.
The announcement of the new Westing
houso lamp was accepted as a bull card, hut
there was a very noticeablo lack of bull
talk and manipulation, especially in the
L'ast. This, however, should increaso rather
than diminish confidence. On the other
hand, the talk on General Electric was
moio stimulating. Tho latest is from Bos
ton, as follows:
"Tho clcctiic patents of Thomas A. Edison
have filled two large volnmos, each of more
than 1.00J printed paxes, but nothing in them
is more important than the four or five lines
contained in the following claim which the
Supreme Court affirmed in its entirety last
week Iu the famous incandescent lamp de
cision. 'Patent No. 223,893, T. A. Edison,
January 27, 18SD. Claims. Tho combination
of carbon filaments with a leccivcr made
entirely of glass and conductors passing
through the glass, and from w hlch receiver
the air is exhausted, for the purposo sec
forth.'
"This is what all electric Interests would
like to walk around; in lact the Thomson-
iiousion company spent tnousanusoi mum is
in experimenting to overcome it. and finally
concluded that consolidation was cheaper
than further experiment. No known sub
stance will take tho placo of carbon in the
incandescent lamp, and no practical substi
tute for glas is known. Jlr. Edison's first
lamp had a platinum filament, which is too
expensive ionise, uut piminum is me hi
substanceto which glas ion bo annealed
and expanded or contracted by varying de
gieesof heat without separation: therefore,
platinum is the only substance used
to penetrate the glass globes in the seal of
the lamp to carry the current to the car bon
filament. This use of a lew inches or plati
num w ire has raised the price of the metal
to nearly three times the lormer price. It
mav be doubted ir any companies outside
tbe'General Electric Company are solvent
enough to pay millions of damages for the
infringement or this patent for some years
past, although the General Electric Com
pany w ill endeavor to collect all profits that
have been made out ol the mauuiactureimd
sale of ir.cindescant lamps. Certain it is
that all incandescent electric lamps have
infringed the Edison patents, and any subs
titutVmaybe regarded as practically im
possible. "On the same day tho aoove decision was
banded down the General Electric Company
secured two more important patents in final
auard. Its Brush Company secured the
storage battery patents on final award,
which makes anv system or storage battery
at the present time impossible except as
subsidiary to the General Electric Company.
The company also secured a third decision
which has less public interest, but which
secured tho field for it on the lire lighting
business as against the Westtnghouso intei
est. The Brush Company originally made a
contract with the Brush-Swan Com
pany giving the latter the right to
use tho double carDon arc lamp iu
the territory of New England, New TorK
and Pennsylvania. The Brusn-Swan Coni
nanv went to nieces and ttie Westlnghouse
interests secured control and suod to enloice
the contract with the Brush Company and
the loner courts upheld the Westinguouss
claim, giving its Brush-Swan Company this
tcnitory lor tho most modern system of arc
litrlitinir. But the decision of last week on
appeal overruled this, and in efiect gave
this territory back to the Brush Company,
which is now controlled by the General
Electric. It was certainlv a great day for
the latter when it won three such sweeping
accisious iu tho three important electric
flolds.
"The General Electric interests say that
they will teinforce their victories on the
storage battery patent, which may be im
portant m the luture of the electric stieet
rail war. by other suits, which they believe
should be given them the control or the
e.lectric trolly system. The Thomson
Houston Company had about a dozen suits
on the street railway system concentrated
against tho Edison Company as infringer,
when the consolidation took place, and now
the legal battles must bo readjusted and the
suits begun as arainst the Westinghonse
interest, and counsel lor the General Elec
tric leel confident of their ultimate success.
Mr. Westinghouse is entitled to gieat
credit for invention iu the field ot the alter
nating current, but in this field he ex
changed patent licenses with the .Thomson
Houston Company." l
From a Broker's Standpoint.
A. J. Lawrence, of A. J. Lawrence & Co.,
writes of local securities to hie customets of
the house as follows:
When a train becomes stallod on a grade,
the engineer backs a lew feet to get all the
"slack' possible, and then pull J ahead. Very
often this is alLthatis necessary to move,
the train iorward;but sometimes he must
reverse until he reaches an easier grade,
when he turns on a lull head of steam and
attains a momentum that curries him over
the sticking point with ease. In some such
manner our local stock market has been
moving lor a month, and having stalled
several times in an attempt to reach a
higher level, it is apparently moving back
to a point where it will get a better stare
Traders who ate on board should not be
come discouraged, because the forward
movement is almost certain to speedily re
cover the lost ground, once it is under full
headway.
There were practically but two promi
nent features iu the market Philadelphia
Company and Birmingham Traction. The
course of the former, which was downward,
had little or no influence on the other stocks'
belonging to its group. On the contrary
there were more gains than losses. The de
cline in Philadelphia Company amounted to
lperccilt.and we believe very little long
stock came out. It is held remarkably well,
and unless a sudden cold snap should de
velop a shortage in tne supply of gas, it will
not go much lower. Its inherent strength
is due more to the knowledge of the greatly
improved financial condition of ths com
pany than to a belief iu the largely increased
supply of gas. In tact we know of stock
holders who do not put much faith in the
lepoitsatioutrecenf gas developments, but
w ho have confidence in tho value ot a plant
pf its magnitude, free of debt, and of its
present and prospective money-earning
pow crs.
Tho Birmingham Traction Company's
annual meeting brought out some facts re
lating to its affairs wnich have been con
strued bearishly. This ii mainly on the
gi omul of the large aggregate capitalization
of the various piopertiesiorming Its system.
It is made up thus:
Birmingham Traction.
B., K. . A. Traction..
Pittsburg Incline
ilt. Oliver Incline
j Stock
,..$3,000,000
.. 1,5'JJ 100
... l.COJUOv)
... 5UU.UU9
15U.OO0
.. '230.OC0
... 110. VU0
Bonds..
Mock..
( bonds .
( Mock..
Bunds.
..Mock..
Total capitaliration of system..
..tjS.50J.0CO
Tho bears say that' a pretty steepamount
to pay dividends and interest upon, and it
does look that way to the casual observer.
But on close scrutiny it is not so dizzy. The
third item may be eliminated entirety, as it
was not created lor dividend-earning pui
poses, but merely to conform to our some
w hat complicated street railway legislation,
and tho Sl.COO.OOO B. K. & A. stock is in the
strung box oi the parent. That reduces the
total to $j.500,0u0. Then, as tho Bir
mingham stock is selling at SO per cent
discuuut, 1,5(X).OjO may be ueducted
from its capitalization, reducing to
$4,000,000 the basis on which present
earnings should be figured. The financial
statement lor the first quarter of the cur
rent year showed G per cent on thepreso.it
market price o. the stock, and we have yet
to meet tho trader who really expected
more than this. Considering all the draw
backs, Birmingham has been shrewdly
financed and well managed, and should do
better Jiom this time forward.
If our readers will indulge us, we would
like to close this letter with a comparison
of one ofour local fuvorites with that prime
investment security, Pullman Palace Car
Company, which has Just submitted its an
nual report. Thu figures relate to the fiscal
3 car ended July 31:
Airbrake.
Capital fo.tx.0.000
(Jrusi earnings o.OJO.000
Net earnings 2,4i0.o
l'cr cm t of .11 vldendi en par it
l'arurlock 50
To-day's market price 333
Pullman.
S3U. ouo. ouo
10.lUU.l03
3. -.0 J, 000
s
100
199
l, C C. & St. L.s eptembc Earnings.
Tho statement of the business or the Pitts
burg, Cincinnati, Chicago and St. Louis Bail
way Company, including the Little Miami
Itailroad, lor September, 1S92, as compared
with the same month in 18U1, shows:
Increase in gross catalogs
Increase lu expenses
..$53.432 65
. CU.6I1 01
Decrease In net earnings $ 5,338 30
Tho nine months of 1S92, as compared with
the same period of 1S91, show:
Increase In gross earnings.,
increase la expenses ......
fl. 019,943 14
i.oo:.;ra C3
Increase In net earnings $ 17,173 45
Opinions of Wall Street Oracles.
J. S. Bache A Co. to Oakley A Co.: "All
predictions ora reaction seem to fail in this
market. Prices opened higher on a strong
closo In Loudon, and there were sotms lim
ited purchases for foreign account, while
the bulis here in the various specialties,
such as Chicago Gas, Whiskey, etc., take
advantage of the prevailing bull sentiment
to maik up their pets. One of tie features
of to-day's trading was a sharp adrance in
New England toward the close on buying,
which looks to us to indicate more than
I ever that A' deal in which Reading interests
i are concerned is in prorese, and we believe
purchases made at present prices likely to
snow a nig prom simruy. ui course, people
-who buy. New England must understand
that they are buying a stock whlcn is selling
above itn intrinsic value, and is only worth
present figures if such a deal as is talked
about is accomplished.
"From official sources it is announoed that
the next dividend on Chicago Gas will bo
IK percent, which explains the recent ad
vance, and, will probably lead to still further
improvement in it. ,
"Among tba strong stocks was Union Pa
cific, on private advices that the condition
of this road was never in better shape. Wo
believe this one of the best stocks to bull in
the present market.
"The bank statement showed a decrease
of about $i,503,O00, leaving almost no surplus
reserve, but the comparative stringency in
money is duo entirety to increase in busi
ness, and not to nuy lack of confidence, and
as such should filvorably affect the market
rather than otherwise We caution traders
against overloading, however, as a money
squeeze is possible at anr time."
FromSproul4Co.'s market letter; "The
feature of the early trading was a rise in
Chicago Gas due to the assertions by its
leading supporters that within a short time
the stock will be considerably oyer par.
New England, too, advanced sharply, tho
rumor being that after the close a definite
announcement would be made in regard to
the arrangement with Boston and Maine.
The street is so cocked and primed lor some
thing or the sort that the bare statement
without any substantiation had an imme
diate effeot and. arrested auy depreciatory
tendencies on. account of the bank state
ment.
'Europe was not a factor to-day, but a
more cheeriul reeling rules in London since
its South American ventures are worth
nearly $100,000,000 more' than they were a
month ago. Whether it will buy the Ameri
can market on. this basis is, however, as yet
a problem."
Close of the Market.
Sales at the last call of the week: to-day
were as follows:
100 shares Philadelphia. Company..,
I shares Philadelphia Company. .
10 shares Chartiers Valley Gas
22
MS
Total sales. 115 shares. Closing bids and
offers:
DJlXK STOCKS.
Far.
Sid. Asked.
Allegheny National Bank 60
Bank of jltt6bure...
SO
Cltlrena' National Bank
Exchange National Bank
First National Hunt
Fourth National Bank
Freehold. r...r.
Fidelity Title And Trust Co
Iron citv National Bank
Iron and Glass Hollar Savings.
Liberty Natloaaljlanc
Mer.. Manufacturers' N. Bfc.
Monongaaela National Bank...
Odd Fellows' Savturc Bank....
Second National Bank
Tradesmen's Natloaal Bank ..
ALLIXJIIEXY.BAXK STOCKS.
Enterprise Savin j.. ............
1.SUHAXC STOCKS.
Citizens'
Humboldt
Teutonla
Western Insurance Co
S.-ATCHAL GAS STOCKS.
Alleghenv Heating Co
Charters Valley Gas Co
50
BO
100
100
50
100
50
100
100
50
ICO
50
Km
ltx
67
S5
180)4
V3H
lio"
to
iw
74
Ui
107
130
175
213
50
50 32
50 .... 6i
50 .... 5S
50 .... 40
100 T5
100 V,i 33!
50 21J4
50 .... 32
2 'MIS 15M
50 10
60 l7i 22
53 .... 19Ji
SO .... s;
50 K't C3
60 M'i
IS 25 21
52 .... 49
50 ... 12
50 53 C5
50 . 50
25 .... 10
2', 15 H
'23 14 15
10 S 6h
25 Ite 14c
10 i &(
5 .... 1J
5 .... 4S
50 .... 21
50 tf
50 30 am
50 I8.S 19
50 .T. 137
1011 75' 70
loo in;s iu
Manufacturers1 Uas t;o
People's Natural Gas Co
reopie's Natural Gas and P. Co
PennsTlvanlaGasCo
Philadelphia Co
WiieeUngGas Co 1
FASSr-NQEa n' v STOCKS.
Central Traction
Citizens' Traction
Pittsburg Traction
Pleasant Valley
nAlLHOAD STOCKS.
Pittsburg, Youngst'n and A...
Pittsburg and Castle Sh'n
Pitts.. Wheeling & Ky
COAL STOCKS.
N. V. &.C. Gas Coal Co
BRIDGE STOCKS.
Point....'
Point, prd
Union
1IIMNG STOCKS.
Hidalgo Mining Co
La Koria Mining Co
Luster MlnlngCo................
Hcd Cloud Mining Co
Enterprise'Mlnlng Co
ELECTRIC LIGHT STOCKS.
Wcstiugliouse
MISCELLANEOUS STOCKS.
Monongaliela Xav'n Co
Monuugatiela Water Co
Union bwltch and Signal Co...
Westlnghouse Airbrake Co....
Standard Underground C. Co..
U. b. Glass Company, prd
Ex-dividend.
Financial Notes.
Unlisted street railway securities closed
as follows: r.ill traction, (2523Kj do. 5,
103 asked;' Duquesne traction, "iliQii: do.
5s, 101usked; P., A. & M. traction, K45;
Pleasant Valley Bs,.102K bid.
Citizens traction 5s were offered on
'Change at 107, which, ex-lntorest, is equival
ent to 1M
(111 & Co. sold Philadelphia Company at
to-day's call to II. M. 4ong, Bobinson Bros,
sold a small lot to J. B. Barbour, aud Spronl
&'Co. sbld Chartiers Valley Gas to B. F.
Arensberg.
The reduction from 20 to 10 per cent in the
discount allowed on the bills of the Phila
delphia Company, if paid within 15 days of
their date, will swell the company's earn
ings. The advice ora pretty good authority on
local stocks is to buy P. & B. traction.
Switch and Signal and Duquesne traction.
The same authority also predicts that P., A.
&. .M. traction will sell at par before January
l: that Electric second preferred will sell at
35 before it does at 40, and that Central trac
tion will sell ud fire dollars ner share before
it sells down fire.
There is more than usual strength to the
silver bullion market just now. The in
creased demand both here nnd in London is
attributed to purchases for speculative ts
well as for Indian account. The basis for
this appears to be a belief that the Monetary
Conference w ill lead to a revival of specula
tion in silver.
Tne Boston News Bureau says it is esti
mated that tho relations between the Gen
eral Electric and Westinghouse companies,
so tar as pertains to incandescent lumps,
may bo much closer within a lew days.
The Manhattan Elevated road in Xew
Tork, says the Wall Street yews, carries on
an average 600,000 passengers dally, 67,000
licviugjbeen carried lu one day. In the cir
cumstances tho-bulls on the stock are tak
ing much higher prices for Jt, claiming that
the stock of a company that can earn $50,000
in one dny without practically increasing
its expenses, aud owning one of tho most
valuable fraiichisesln the world, "is selling
entirely too low at $1S2 per share.
The Boston Commercial Bulletin to-day says
that there is really a deal iu progress which
is very close to announcement and
which includes the Boston and Maine, the
Vaniierbilt", the .New Tork , aud New Eng
land uud the New York, New Haven aud
Hartiord.
Tiie shares of the Chicago street railway
companies, in which the original Philadel
phia syndicate is Interested, are again show
ing an advancing tem'ency after a period of
comparative rest since their reaction from
the big bulge.
MONETARY.
Discount rates in Pittsburg ruled at 50G
per cent all week, with the demand tor
money fairly active and the supply ample.
Eastern exchange and' currency traded
even.
New Yokk, Oct. 15. Money on call easy at
56 .per cent; closed offered at 5. Prime
mercantile paper, 506. sterling exchange
quiet at $1 U for 60-day bills and H 6 lor
demand.
Clearing House Figures.
Pittsburg
Exchange! to-day f 2,524.967 70
Balances to-day 422,457 16
Same day last week:
Exchanges f 2,647,827 S5
Balances 452,911 39
The figures of the past two weeks com
pare hs follows:
Exchanges this week . '14,759,221 76
Balances this wiek Z.SI0.H7 15
Exchanges last week 16, 217, 363 92
Balances last week 2,0SO,7ul 52
For the week of 1891 corresponding with
this week the exchanges were 114.292,621 35.
Total exchanges to date. 1ST) 2. $599,055,477 GO;
same time last year, $534,334,087 77; gain this
year, $04,721,33983.
New York, Oct. 15. Bank clearing.-, $139,
0S5,S02: balances, $6,760,766. For the week
(five days), clearings, $532,909,072; balances,
$34,712 43.
Bostos, Oct. 15. Bank clearings, $18,195,37.1;
balances, $1,762,573. Money, t($iU per
cent. Exchange on New York; 6l2&e dis
count per $1,000. For the week,-clearings.
$104,030,473; balances, $10.726.16L For the cor
responding week last year, clearings, $100,
534. 121; balances, $10,067,433. .
il'uiLADtLPHiA, Oct. 15. Bank clearings,
$1S,825,0S6; balances, $1,888,079. For tho week,
clearings, $72,955,122; balances, $10,617,091.
Money, 4 per coi.t.
Cuigago, Oct. 15. Bank clearings to-day,
$16,265,860; for the week, $109,177,396, against
$95,765,026 for the. corresponding week last
year. New York exchange sold at 40c .dis
count. Sterling exchange doll; 60-day bills,
$4 S5; demand, H S6)fJ. Money steady; rates
unchanged t BQ5 per cent
St. Louis, Oct. 15. Clearings to-day, $3,740,
803: balances, $323,603; clearings this .week,
$26,803,283; balances, $2,445,114. Money quiet
at 6 per cent Exchange on Xew Tork par.
SALES OF ACREAGE
Figure Prominently in the Realty Business
of the Fast "Week, Which TTas Quite
Brisk Gossip, Permits and the Latest
Transactions.
Saturday, Oct 15.
The past week in the realty market has
certainly been one of interest. "Without a
doubt more large transactions hare been
consummated daring the past six days than
in any previous week for a long while.
Acreage tracts hare had the call, and of the
many sales closed inrolring from $20,000 to
$150,000, properties in this line bare been
most prominent. The interest manifested
in Squirrel Hill realty has been a leading
feature, nnd increased actirity in the Morn
ingside district has also been developed.
As has already boen mentioned in this
column, many large transactions hare been
closed, but not made public, and to-day
t)iree deals, inrolring in all. orer .$75,000,
were virtually closed, as the final papers
were being prepared at a late hour this
nfternoon and articles of agreements harn
nlteady been signed -by all parties inter
ested. The record of the week shows a small de
crease in real estnte transfers, both in num
ber and amount of money involved. An In
crease is shown In building permits, both in
number issued and estimated cost. Mort
gages decreaed,both in numbor and amount
of money represented. Put chase monev
mortgages 'increased, both in number and
amount, while B. & I A. mortgages, Judg
ments aud executions show quite a decrease,
both in number and value. Following is the
record, compared with that of the preced
ing week:
"Week end'g
Week end'g
Oct. 8.
REUS.
Heal estate transfers....
Building permits
Mortgages
Purchase money mort
gages B. A B. A mortgages..
Mortgage payments
Judgments
Executions
uci. i
S7SS.547
173.701
271
SO
121
78
45
181
17S
82
$783,300
1?.6,33
201,423
123.3S3
SJ.283
428. 1170
1S7.S-1!)
120.33)
222,311
IK.
77.792
20U.7I3
86. SO.-
40.192
A Little Gossip.
An offer of $74,000 has been submitted for
and refused by the owners or the Shinn
property on Fenn avenue, East End.
Mr. John Fite will shortly commence the
erection of a palatial stone residence on tho
corner of Callowhlll street and Highland
avenuo, the plan of which is now being pie
pared by a prominentrarchitect of this city.
A well-known attorney has just purchased
a tract of about 20 acres of land situated on
Perrysvllle avenue a short distance from
Allegheny City. The consideration is said
to have been $1,700 per acre.
One of tho Important transacions, men
tioned above 'as having been closed, the
particulars of which are beiug withheld for
the present, was the sale of a piece of unim
proved realty, situated near Highland Part,
by Messrs. Piper & Clark, the consideration
beiug $25,1,00.
Building Permits.
The following permits were issued to-day:
Messrs. Lamb & Perry, six two-story brick
dwellings, Shipton street, between Bedfoid
and Webster avenues; cost $9,000 for all.
William Weasel, a two-story frame dwelling,
Clarissa street, near Madison street; cost
$1,800. E. Steihler, a two-story framo stable.
rear Mormngsiue avenue, near Greenwood
avenue; cost, $246. Morris & Flinn, a brick
addition, No. 75 Washington street; cost,
$S00. Jonn I). Charles, u two-story frame
dwelling, rear Penn avenue, near Wine
biddlo;a venue; cost $350.
Late Sales.
AV. C Stewart sold to A. Leo Weil, tbe
well-known attorney, 100x200 leet on Forbes
street, near Murray avenue, Detween the
two entrances toSchenley Park, for $10,000.
Mr. Well will elect a nne dwelling im the
premises.
Moore & Kelly sold for William McFar
laud and John G. Stephenson of the una of
Arbutlinot & Stephenson, seven lots on New
Aurelia avenue, each 30x120 feet, to Dr.
Thomas D. Davis, for a pr.ee approximating
$15,000. Also sold lor James It. Mellon to
Jucou Graff, of Blalrsville, six lots in their
Baum Grove plan; consideration $14,400.
J. J. Keilly sold for the heirs ot Kuzelia
Bnrkhart, deceased, the property No. 24
Wylio nveuue, consisting of a two-story
dwelling and storeroom, with a lot 20x70
leot to an alley, to Mr. John Russell for $14,
000, or $700 per loot front.
M. F. Hippie & Co. sold for Dr. F. Le Moyne
for u price approximating $13,000 a piece of
land 150x210 feet, on the north side of Center
avenue. Twentieth ward.
Baxter, Thompson & Co. sold lots Nos. 21,
22,23, 24 and 25 in the Brushton pluce plan,
Brusbton station, with a frontngo of 2Go feet
on Meade street, by 140, leet (o a 25-toot
alley, for $5,500. The. puiclmser will imme
diately Improve the property.
Dennistou, Elderkln & Co., Limited, report
the following sales: bold tor Denniston,
Eldcrkin & Co., Limited, to John C. Noble a
house and lot situated iu tho Twentj -first
ward, being lot No. Ill inMellon's plan of
Scottlots, Uavinga linutugeot 24 feet and
extending back the same width u distance
of 110, leet to a 16-foot alley, and having
erected thereon a frame house of six rooms,
for $2,400; for S. A. Dickie to George N. Glass
a lot situate in the Twenty-first ward, being
lot No. SI in liobinson & Dickie's plan, said
lot having a lrontage of 50 feet on Edgerton
avenue uud extending back 150 feet,
for $1,300; for James McClutchoou
to George A. Grosz. house and lot
sitnate iu the Twenty-first ward, said lot
having a frontage of 22x28 feet on the south
erly side ot Auburn street, and extending
back 100 feet, and having erected thereou a
frame house of fire rooms, lor $2,4C0;forA.
Blatz to Thomas Dunn, a house and lot
situated on Lenora street. Twenty-first
ward, said lot having a frontage of 24 leet
and extending back preserving the same
width a distance of 100 feet and having
erected thereon a two-story Irame of live
looms, for $1,200; for W. kl. Denniston to
Sophia Hague, a house and lot si tun to on
Beoclicrsticet, Twenty-first ward, being lot
No. 13 lu W. II. Denniston's Bauss plan of
lot?, having a frontage of 20 feet and extend
ing back about 140 feet, with a two-story
frame house, tor $1,800.
Black & Balrd sold for N. K. Roseburg to
Martin Leonard the property No. 79 Isabella
street, Allegheny, being a two-story brick
house, with a lot 21x100 feet through to Birn
alley, for $1,6X1.
Samuel W. Black & Co. void lots Nos. 27
nnd 23 iu the Highland Park plan, being
100x146 feet on tho northwest corner of Bry
ant select ana Stanton avenue extension,
tor f 1,000. Theeutletnnn bought fur specu
lative purpo9es,-atid to guard against losing
any uionoy accepted tbe owner's guarantee
to reriiiid all money paid at the end of one
year if ho became dissatisfied with his pur
chase. A. Z. Bvers & Co. sold for Henry A. Davis,
Esq.. to Emma H. Jones n property on Sarah
street, Allegheny, consisting ui a irame
house of llvo rooms, with a lot 32x53 feet, for
$1,750.
Piper & Clark closed the sale to-day of lots
Nos. 5 and 6 iu the Luella Place plan, laid
out by John Fite, for (3,030: also sold to Fred
erick Leonard lot No. 13 in the Fairmount
plan, size 25x162 feet, for $850 cash.
George Schmidt sold for Lafayette Obltz a
new house with a lot 52x75 feet, on Clay
bourne street, near Graham street, to John
Vaughan, of Dubois, Pa., lor 54,000 cash.
John K. Ewing & Co. sold to Mrs. Kate
Snyder lot -So. 91 in the F. G. Rohkaste plan,
fronting on Grant avenue, in tho Tenth
ward, Allegheny, for $450.
Peter Shields sold In William Flinn's
Greenfield avenue plan, Twouty-tnird ward,
lot No. 191.30x90 leet, located on Hoosac
street, for (600.
The Burrell and Kensington Improvement
Companies report the following sain of lots
at Kensington: Martin Rose, New Kensing
ton, Pn., lot SSG, block 25, $646 75; Mrs. Mary
Flaherty, Pittsburg, lot 47, block 27,
$1,027 0; George D. Harvey, Butler,
Pa., 40 feet, lot Q, block 7, $700;
Elizabeth Joi ce, Allegheny, 15 leet north
lot 56, aud 5 feet south lot 57, block 4,$1,062 50:
Mrs. Mary Keating, Kensington, lots 1,618
and 1,619, block 28, $650; Mrs. Henrietta
Jones, Pittsburg, lot 88, block 5, $787 50; John
P. Beech. Pittsburgh lot 461, block 25, M;
Joseph Miller, Pittsburg, lot 462, block 25,
$5BG t6; Eno Bartholomew, Coalport, lot 46,
block 27, $377 50; James P. aud Mary Ann
Centner, Pittsburg, lots 64 and 65, block 5,
$l,7cJ5; Joseph L. Hodgson, Xew Kensington,
lot 1163, block 29, $325 84; Frederick Sauens,
Pittsburg, lot 1429, block 29, J53S 33.
. STOCKS .CLOSE STRONG
Despite Talk Abont Closer Money' Next
Week as the Besnlt of Diminished
Bank Reserves The Industrials Con
tinue Prominent Western Union Buoy
ant New Yonk,Oct. 15. The. stock martet
during to-day's short session was character
ized by strength, notwithstanding some talk
about probable closer working of the money
market for a day or two next week as a re
sult of diminished bank reserves. The lat
ter was official to some extent "by the knowl
edge that tbe treasury payments for pen
sions will be unusually heavy. New Eng
land led tbe list in point of activity, with
Chicago Gas a close second. The latter
was bought freely by prominent homes'
on the announcement that the management
had decided to advance the rate of
dividend from 8 to 6 per' cent per annum.
The price rose to 90. the highest price ever
attainel. Distillers was, also taken by lead
ing firms, nnd near tho close the stock
jumped to6JVon .rumors that the bull pool
Intended to assume more aggressive opera
tions next week. Among the other indus
trials National Cordage nnd American To
bacco were strong, while General Electric,
after opening Jf higher, declined "about a
point on reports, which were subsequently
denied, of7 a strike of the "company's em
ployes at the Selionectady works.
Western Union wns active throughout
nnd leached par. The'-boying was based on
the belief that' at the special meeting called
for Ootober 25 a dividend or 10 per cent will
be declared. The report that the Western
Union had. purchased the Postal Telegraph
Company irti contradicted in emnhatic
terms: New England rose 44J to '49 and
closed within a fraction of the highest, de
spite continued denials by insiders that a
deal Is in progress. The grangers and trunk;
lines ruled quiet and firm but the Gould and
Southwestern share generally were in bet
ter request. Tbe anthracite coalers were
steady.
Railway bonds wre quiet, the dealings
footing up onlv $577,000. As a tule, the
majority of the bonds traded in show light
net gains.
Government bonds wore dull and firm.
Closo ot the list:
V. S. 4sreg 1I4
Mutual Union fts. ....110
N.J. :. Int. Cert... Ill Ji
Northern l'ac. lsts..lHV3
Northern Pac. 2ds...ll2
Northw'n Consols,. .I39J
N'w'n Deb. 5o 10H
;t.I 41. -M. sen 5s. 62K
U. S.4s coup. m4
U. S. His rcg V0'i
Pacltlcusorilj 107M
Louls'na stamped 4s.94
Missouri S 1U2!
Tenn. new setcs 100
Tcnn. newsei6s....100
Tenn. new set 3s.... 72
Cauadabo. 2ds nil
On. Pacific 1st KH
Den. Alt. (Lists'... 1 184
St.l,. . F.Uen.M.100
at. Paul Consols 127
S. P. C. &P. 1st 118
T. P. L. G. Tr.Bcts. 84
T. P. F.. G. Tr.ltcts. 31
Union l'ac. Ists 10T,
West Shore 103,4
lieu, x is. u. is so
Eric 2ds 107
M. K. AT. gen 8s... 80
Lit. U. W. lsts 78.S
M.K. AT. gen 5s.... 47;
Bid. tAsked.
Mlulng shares closed as follows:
Crown Point 110 Plymouth 50
Con. Cal. and Va 375 Sierra Nevada lsn
Deadwood t 223 btandard 120
Gould and Curry m Yellow Jacket 14i
Hale and Norcross... 190 Iran Silver CO
MomestaLe 1400 Quicksilver 3u0
Mexican 170 Quicksilver prd 1S0O
jsorth Star. t M0 liulwer 23
Ontario 3710
tAskcd.
The total sales of stocks to-day were 116 000
shares including: - Eric, 2,000; Louisville and
Nashville, 2.500: New England, 31,000; Read
ing, 15,400; Western Union, 6,300.
The following table shows the prices of active
stocks on the New York Stock Exchange, corrected
dally for Tiik Pittsbuho Dispatch By Whitney
& btcphtnsou. oldt-tt Pittsburg members of New
York Stock Exchange. 57 Fourth avenue:
Cols
Open
Ing.
High
Low
ing Close
bid. Oc.14
4S iH'4
82 62!4
IIS1, 109S
101 H Id ii
33 33Jj
67!4 57JS
1S0M 132
2 29
13'4
60'
411-
M' sa,
m( 102
79J '.9
123s Ki'4
52;t t'4
113S
IIS1- I15IJ
142 142
C4 C4'4
43 4234
19 29S
154 15314
Ifiii 135'S
17 17
21t 823,'
63 (j2'
Hi 4V
tOH KH
2454 25'i
79 795,
1X1 1.3
COM 12
107 1C7
13244 1344
1I71 IW'i
464 45)a
W)i4 90
lit)'.. 111)
17 I7"4i
75 72
56'i Sitf
2.?1
&'i
4w W4
i la.'i
10,'i JO'.
40 40;
125, l.'a
18'4 19
52 SIM
224
22S 2l.
18!; 18M
M'd 58
22 21-j
El 1 6214
200'4 198!i
. 8,'i 8 '4
41 fH
45 45,'S
103
n n
403,
It.' 11?$
26
99H 03ii
CO K34
97 'J6i
est.
est.
Am. Cotton Oil
Am. Cotton Oil. p'd.
Am. Sug. Kcfln. Co.
Am.Sng. K. Co. .prd.
Atcll.. T, A 8. F....
Canadian Pacific ....
Canada Southern....
Central of N.J
Central Pacific
Chesapeake & Ohio..
CiO, 1st pfd
O. AO.. 2(1 pM
Chicago Uis Trust...
C, 11. AQulncy
C, Mil. iSt. laul..
C. it. AS. P.. prd..
C. Rock LAP
C, St. P., M. AO..
C. St. P..M.AO.pid
C. A Northwestern .
C. A North., prd....
0.. c. a a 1
Col. Coal A Iron
Col. A Hock. V.il....
45
46
iraji
IC2
33J4
"57's
IOU'4
101
10314
101S
1
57
57
130)4
13U
S3',
btts
7o;t,
"bZH
MM
"HVi
43
'iii"
90i
102'j
7
iisiS
"w'vi
4J
iii"
SO,",
102i
711
82
uJ
lli'i
"kvi
42?
151"
Del. Lack. AW
Del. A Hudson
Den. A KIo Grande.
Den. A HloO.. pfd..
Dls. A O. F. Trust .
E. T. Va. AGa
Illinois Central
Lake i-rieA W
Lake Erie AW., pfd
l.akebhoreAM. b..
Louisville A Nash ..
62S
03J4
25
vX
C9H
109
62
1311
IK'4
4G'4
DCS
25
79?
79
"mi
"Ws
li
Mich. Central
Missouri Pacific....
Nat. Cordage .o"...
Nat. Cor. Co., Dld
Nat. Lead Co
Nat. Lead Co., prd.
N. Y. Central..:....
N. Y.. C. A St. I,...
109
821i
em
132IS
117),
40 i
1I714
43',
BUS
"ii'ii
it
17
N.Y..C.A9t.L.lstprd
N.Y.,' .ASt.I,.2dprd
n. I., Li. ...
N.Y.. L. E.A W.pfd
3.V
26,'
2G14
19
'i'iM
n, 1 a .. j-,....
N. Y.. O. AW...
r,7i
MM
19
Norfolk A Western.
Norfolk A West.nfU,
piuriu Auier. o. ,.
Northern Pacific.
Northern Pac. pfd
Ohio AMIsslssinnl
13
"5:!4
12,'i
'iiri
0H
Oregon lmpr'vem'ut
I'acinc Mall
Peoria. Dec. AEv...
Phil. A Beading.....
P.. C. C. A St. L...
P..O,C.St. B.prd
Pullmaa Palace Co..
Hlch. A i. P.T.,...
Rich. AW.P.T.pnl.
Ht. Paul A Duluili...
St. Paul A D. pfd....
Texas Pacific
Union Pacific
31
IS
3f
19 1
S8J(
88
198,1
20H,
198'4
41
43
40
ll
25
M'4
25'J
ram
SG5J
i0?i
40V
"
2-.H
9'4
H
1 111
931,
AVatiash
Wabash prd
"Western Union
Wheeling A L. E...,
W. A I,. E. prd
Baltimore A Ohio..
J
26!i
103
27
70J,
87
Ex. dividend. tAskcd.
Closing Philadelphia Quotations.
Bid. Asked.
Pennsylvania 55, 55
Iteadlng 2)14 29 5-16
Uunalo, N. Y. A Philadelphia 7 8
Lehigh Valley sa'i csh
Lrhlch Navigation 53' 64
Philadelphia and Erie 3 33
Northern Pacific, common ia 13JJ
Northern Pacific, -prererred Slli 52!4
Boston Stocks Closing Prices.
Atchison A Topeka.. S9JC Catalna ,
Poston A Albauy.... 20414 Franklin
Boston A Maine IS3 Kearsarge
Chi. Hur. A Qiuncy.lOiK Osceola
Fltchbnrg It. K 84 Saute Te Copper...
Little Kock A Ft. S.. 92 Tamarack
Mass. Central IS Anni'toii Land Co
Mev. Cen. com lSX Boston Land Co....
N.Y. AN. England. 455 West F.nd Land Co.
Old Colony 180 Bell Telephone
W Is. C'tnt. Com MU. I.smtnti Rtnro S
15
li'i
12
ST.
10
1B0
17
203
AlIouezM. Co.(new)101 Wntcr Power.. "... '..'.
Atlantic 10V Cent. Mining
Boston AMont 33 S. E. Tel. A Tel
Calumet A Hecla....2uo Butte A Boston
111
9
61
Electric Stocks.
BoaTos, Oct. 15. Special. The latest quo
tations of electric stocks to-day were:
DM. Altorf
uenerai electric
General Electric, prd
"WestliiKhousc Electric
Westlujrliouse Electric, prd..
Detroit Electric Works
Fort Wayne Electric,
Fort Wayne Electric (Al
Thomson-Houston Trust (Ui
Thomsou-Houstun Electric E.
..116.Ti
117
..lis
119
Zi'i
SO
5
13
8
8
12
7
. W.
lj
Bar Silver.
NewToei. Oct.' 15. rSDeefVr.l Ttar silver
in London, &. higher at S9d per ounce.
ow iuia ucuieiB price 101 surer is lliC
higher at 874c per ounce.
CEREALS CLOSE WEAK,
But Provisions Rnlo Strong and Pork and
Ribs Close Higher.
Cnicioo, III., Oct. 15. Pelted with rain
and heavy receipts, wheat fell down about
one-half n cent to-day. Corn was Arm for
nearby months and weak for May delivery,
leaving off a higher for November and o
lower for May. Tbe provisions deals were
strong, and pork aud ribs on scant trading
were placed on a somewhat higher piano of
prices.
Cash quotations were as follows:
Flcuir quiet and steady; winter patents,
$t 604 65; winter straights $3 30iO3 50;
spriiuc patents, $3 754 80: spring straights,
$3 003 50: bakers'. $2 50.i 00; No. 2 spring
wh.Pll C. 7rll(. "Kt !t .nrtn . nrlia, (Mn. - "..
". i;,.M .- "" - -'"'"7. .:"'" " ""-
6. b., 68c: No. 4. f. o. b.. 32iffi52c: Xn. 1 tfn-r.
seed, $1 111 11&; prime timothy seed, $1 60;
mesa pork, per Darrel, $11 50: Inrd, per
100 lbs, $S 37: short ribs sides (loose). $7 70
9 75; ary suited shoulders (boxed), $7 20
7 25; short clear nides (boxed),, $8 058 lu;
whisky, distillers' finished goods, per gallon,
$1 15; sugars, out loaf, unchanged.
Receipts Flour, 18,000 barrels; when t,291,C00
bushels; corn, 608,000 bushels; oats, 3'!3 000
bushels; rye, 53,000 bnsbcls; barloy, 116,000
bushels.
Shipments Flour, 55,000 barrels; wheat, 342.
000 bushels; corn, 428,000 bushels: oat", 367.000
bushels; rye, 15,000 bushels: barley, 86, 000 bush
els. On the Produce Exchange to-day the but
ter market was very Urm; creamery,lSQ25Kc:
dairy, 523c. Eggs firm; strictly fresu, 20
Tiange of the leading futures, furnished by John
SICE HEADACHE-.
'Carter's Little Liver pun.
SICK HEADACHE
Carter's Little Liver Pills.
8tCK HEADACHE (
SICS HKADA.CHE-.
Carter's Little Liver P1IU.
Carter's Little Liver Fill.
4-40Otmrst
bankers and brokers. Mo.
Sixth street:
Open
ing. High
Low-
Clos
ing. Close
Oct. 14
Articles. -
est.
est
Whiat.
October
November
December
May
CORX.
October.
November
December
May
OATS.
October
November
December'.
May
Pork.
October
'November
January
Lard.
October
November
January
Short Ilics.
October
November
January
73H
7!,
I
"isi
"75
8I
415.
SH
45J4
S9K
3U
303
34
.3
7V
75H
M7,
81
42
43!4
4214
46
4
23H
31
Wi
1150
11 60
12 92
837
7 0S
7 17
9 75
740
6 70
sua
4IK
42
41.
43
42
tin
42M
4l7t
43
ti(
29't
295
33
AV,i
4Z
294
an
SDH
3!t
28H
29
S9?4
33H
It no
11 53
12 77
835
7 62
725
B75
7 37
660
II 45
11 50
12 77
1145
II SO
It 45
11 so
12 82
12 77
8 32
7G2
7 20
9 75
7 37
6 6V
8 37
7 15"
837
7 62
IS
975
7,25
6 62
9 7S
7 37
6(!5
Car receipts for to-morrow "Wheat. 537: corn,
563: oats, 216. Estimate for to-morrow Wheat,
ISO; corn, 85u; oats, 470.
SOME LIGHT OIL WELLS.
The McDonald Field. Did Not Loom Vp
Strong Yesterday Fisher Farm "Venture
Reported Almost Dry- Good Well South
west of SIstersville and One at Under
cliff. There were few startling developments in
the local fields yesterday. . During the
past week there have been a number of sur
prises and some wells have been brought'
in which have materially increased the
amount of territory which has come to be
considered valuable. '"
Thu is notably the case in the
McDonald field. The wells of Green
lee & Harlmau. on the Potter farm, and
Connors & Co., on the Cook,, have extended
tbe McDonald field to tbe south and south
east, and although they are flowing from
the Gordon sand, they will, no doubt, lead
'to a largo amount of drilling in the region
In which they are located.
In the northeastern part of the HcCurdy
field the Ituppel OH and Gas Company has
developed a remarkably good well on tbe
Sloorc furni.
It gets its oil from the fifth sand, and ac
cording to members of tho company who
were interviewed yesterday it has averaged
600 barrels a day since Thursdaay morning.
There has been but one well drilled In
this part of the field which has been lu
nnv way comparable to it, and that is J. 31.
uuuey co. jno. 1 on tne Andrews lann.
It is located at least 2.500 feet 11 way, and
has produced upwards ot 5J.U00 barrels of
petroleum.
The Ituppel Oil and, Gas Company has 160
acre leased around tlielr Moore farm welt,
and they will develop It very carefully.
They have started to drill No. 2 on the
Moore, and do not intend to put down any
more until they see the result ot No. 2.
Starting In Northeast McCnrdy. ,
J. II. Guffcy & Co. are starting a well on
tbe Ewing farm, which joins the Moore
farm on the north, and they also have a rig
up on the Aiken property, which lies just
south ot the Moore. '
Fltzgibbons & Co.'s well on the Fisher
farm, which touches the Elliott lease of the
Devonian Oil Company on the north, was
reported last evening to bo almost through
the filth sand and showing for only
15 or 20 barrels a day. ThUwellls a verita
ble disappointment, as all who wero inter
ested in it or held loasesintho vicinity
seemed to think that it would prove to be a
good well.
Information received from the Florence
Oil Company's wrll on the Sillier farm late
yesterday intern 0011 was to the effect that it
was still drilling above the firth sand and
making frotn'175 to 200 barrels a ('ay.
The iloynl Uus Company's No. 2, on the
N. G. Cook tnrm, located southeast or Mc
Donald about a milo nnd a hair, was reported
to have touched the first pay in the Gordon
and filled up 1,600 feet. The well was thou
shut in until tankage could be put up, us
they believe It will be n good producer.
Tonilinson.'JtlcConnell & Co.'s fourth sand
passer on tho Brown farm south of Laurel
Hill will be turned in tlin lino to-morrow.
Greenlee & For?t's No. 1 on the Oak Bidze
Coal Company's property east of Oakdale
was only tlnee screws above the firth yes
terday afternoon, and was expected iu the
pav late last evening.
McConnell & Co. aie preparing to start
a well on the Ifallam, farm, which ad
joins the Cook of the Itny'al Gas Company.
The People's Gas Company's No. 156. 51c
Murmy, located Just north of Oakdale, will
not be better than a25-barrel well.
Well In at Undercut!". "
TJyoEitcLiFF J. M. Patterson & SoIid's No.
LErlltnenhout, was reported last nUlitto be
lntheM-foot and shoningfor a good well.
It 'is 1,003 feet south of thoir Kcssler larm
well.
SIstersville Going Southwest.
SiSTEiaviLLK A telegram was received at
theofuce of the Devonian Oil Company iu
Pittsburg last evening, stating that their
well on the Keoner heirs' farm was in, and
flowing strong.
It is located at least three milei sou th of
SIstersville. and about three-fourths of a
mile from the river. lr the report is true ic
will open up a large scope of territory in the
region southwest of what is now known as
tho SIstersville field.
Oil Reported Near Chicago.
A Chicago paper published nearly a col
umn of matter yesterday morning in rela
tion to a strike of oil and gas which has been
made on the Sea Moss Kennels farm, located
19 miles from Cli ictigo. on the Northwestern
1'nilroad, and 1 miles from Glencoe sta
tion. It states that at a depth of 150 feet, in an
artesian well which was being drilled, oil
an d gaa wero struck. Several barrels of oil
wero thrown out of the hole and the roar of
the gas could be heard for 3C0 feet after it
was iznitcd. Tne next day after being
struck the well tailed to produce either oil
or uas, aud the natives conclude that the
pipe is stopped up by the sand.
The well tslocatetl nearu innrsh, and the
chances are that it Is simply mnrsh gas, and a
pocket of marsh oil which lias been thrown
out. The account state-) that land in this
locality which wns rnruicily placed at $503
an acre is now put at $3,000.
Tho Gauges.
Tho production of McDonald was 20,000
yostei day, 5C0, less.than the day beore. The
hourly gauges of the largest wells at McDon
ald yesterday wcie as follows: Forst &
Greenlee's No. 6 Marshall, 22: J. JI. Guffey's
No. 5 Shane, 25; Forest Oil Company's No. 4
McClcllnud. 20. The. estimated production
was 20.000; stock in field, 46.000.
Tno runs from the SIstersville field were
14,735 barrels.
Runs and Shipments Friday.
The Friday runs of the Nation al Transit
Company were 39,G?fi: shipments, 81.O0S.
Southwest runs rrotn McDonald were 17.85S;
outside of McDonald, 7,430; total, 25.2S8.
nuckeye'Pipo LIuo runs from the Slacks
burg field, 6,484; shipments, not in. Buckeye
runs of Lima nil, 55,663; shipments, 62,031.
jsureKit ripe j,ine runs, ii.42-2; snipments.
2,183. Southern Pipe Line shipments, 11,494.
.New Tork Transit shipments. 39.745.
Tho Western and Atlantic Hues ran 3,030
barrels Friday; shipments, 2,317.
The runs or the w. 1 Mellon lines on Fri
day were 6 766: receipts from other lines,
none; total receipt?, 6,763; shipments, 3,994.
The Oil Market.
Range of the November option: Opening-,
519ic: highest, SIJrc; lowest, Slifc: closing,
0c.
Heflncil oil Xew Toik, 6c; London, -IJgfS
115-l(lil: Antwerp, WJ.
New Voiik. Oct. 15. Petroleum dull: Penn
sylvania oil, spot sale, none; November
option, sales none; closed, 51,'c bid. Lima
oil, sales none.
Now 'York Dank Statement.
Reserve, decrease 1,297.333
Loans, decrease 3,773,100
Specie, decrease 12U.V.0
Lcjral lenders, decrease 2.22E.300
Deposits, decrease .-. 4.SSS.7U)
Circulation, decrease 4.S00
The banks now hold S339.C53 in excess of the 15
per cent required by law.
Money In the West.
There seems to be no question but tho
money market has now tnrned the sharpest
corner and that the worst is over in the way
ofstrinjency. Money is now beginning to
come back trbm the Country. A cood deal
is still uolng-out to the country, but that loss
is otfset by the return flow in a 'consid
erable measure nt least, and there i
no longer any feeling ofapprehension nt the
bank over the situation. While the demand
continues active, as must inevitably be the
case with izeiieral business on such an ex
ceedingly lame scale, the rosourccs of the
bank are easily equal to meeting all require
ments. The future looks like a firm and
nutive market, bnt there seems no proba
bility that legitimate demands will go un-
satisnea nor that rates will be unduly ad'
-h
Tauccu. uuicago jl naune.
! M. (Oakley & Co..
45 I
MRS. SHERRY'S CHILD
Is the Bone of Contention in a Legal
Proceeding in Court.
HIH0R-CRIMINALS SENTENCED.
Action of the Bar Association on the Death
of TV. C. Erskine.
THE NEWS OP TUB COUNTY COURTS
A hearing was had before Judge Porter
yesterday on the habeas corpus proceedings
brought by AV. H. Sherry to obtain pos
session of his t-y ear-old daughter. Sherry
is the constable employed by Alderman
Bichards. He is the husband of Mr?.
Sherry, who a few days ago, was sentenced
one year to the workhouse for illegal
liquor selling.
The child had been with Mrs. Sherry
until her sentence to the workhouse, the
couple having separated about iour
years ago. Sherry, when" his wife
had been sent to the workhouse,
visited her and got an order from ber on her
sister, Mrs. James Cavenangb, for tbe child.
The sister, however, would uotgive him the
child, but tnrned her over to another sister,
Delia Hoffitott. Sherry .then went into
court aud obtained a writ of habeas corpus.
At the hearing yesterday a number of
witnesses testified to ' Sherry's good charac
ter. He said he wanted to ""ke ep the, child
and have his mother care for her. Mrs.
Sherry's sisters also wanted the child, but
Judge Porter made an order to have her
given to the father.
EES0LTJTIOH8 07 BEOBET
On the Death of W. C. Lrskine Adopted by
the Bar Association.
A well attended meeting of the members
of the bar was held yesterday afternoon in
the rooms of the Bar Association to take ac
tion on the death of tbe late "William G.
Erskine. D. F. Patterson presided. The
vide presidents were Judges Collier, Ewing,
Kennedy and Over, and T. M. Marshall, A.
Y. Smith, M. A. Woodward and J. T. My
ler, and the secretaries were T. C. Pitcairn,
"Walter "Williams, J. C. Thompson and
Frank "Wliitesell. Messrs. C. C. Dickey, J.
S. Young S. K. Trent and J.'U. Montgomery
were appointed a Committee on Itesolu
tions. They presented tan appropriate
minute which was adopted. Semarks com
memorative of the good qualities of the
deceased were made by T. M. Marshall,
C. C. Dickev, O. S. Richardson, John Mc
Ciaren, Frauk .Whltesell and J. G. Mont
gomery. Mr. Erskine was born July 8, 1830, at
Belfast, Ireland, tie graduated from
Queen's College, Belfast, aud came to this
country when but 18 years of age. He was
admitted'to the bar in Beaver county iu
1876, shortly afterward coming to Pittsburg,
where he opened a law office. His death
resulted irum meningitis.
THEY WHT AWAY.
Three Deserted Husbands Apply to Court
for Divorces.
Three suits for divorces were entered yes
terday. Attorney F. "W. Smith filed the caae of
Eobsrt McConnell against Margaret B.
McConnell. They were married May 15,
1852 and separated March 1, 1886. Desertion
is charged.
Attorneys Brown and Kankin entered the
suit ot Francis M. Metsenheimer against
Nellie B. Messenheimer. They were mar
ried April 2T, 1884, and it is alleged she de
serted him Februarv 21, 1888.
S. A- "Will filed the suit of Victor Sekin
rer against Margaret Sekinzer. They were
married November 29, 1888, and it is
charged bhe deserted him February 26,
1891, at Fast Liverpool, O.
PAYING THE PEHAL1Y.
Sentences Passed Upon Persons Convicted
, ol Various Offenses.
In the Criminal Court yesterday the fol
lowing sentences were imposed: Joseph
Knollinger, burglary, Huntingdon Re
formatory; Max Knorr, larceny, 30 days to
the workhouse; Patriot Haley, assault and
battery, three months to the workhouse;
Peter Madden, assault acd battery, 60 days
to the workhouse; Herman Schweitzer, un
lawful cutting, one year to the workhouse;
Hpgh McLane, felonious assault, one year
to'the workhouse.
She Alleges Malicious Persecution.
.Margaret West yesterday entered snit
against Thomas Wood for damages for al
leged malicious, persecution. She states
that on August 20 Wood sued her before
'Squire Eaton, of Midway, charging her
with larceny by bailee. Upon a hearing
she was uischarged. She now claims the
suit was' malicious and was entered without
any probable cause.
Monday's Audit T.isl.
Accountant.
Lstatc of
Stephen Dnnbir
Matliew SitlCWI
i-iully Woodinrit
Tliorau Sinclair..'....
JIaryE. Snub
Frank Wever
.lolm It. Uratty
1. V. Eatuii
John 5lAicrhon"cr
...Thomas l.owrr.
...J. Under etaU
...b. II. Jlowry ctal.
...f. M. McKrlvev.
,...&are Dcpu.lt Jt Trust Co.
....Aiiii Bates.
....Margaret II. Eealtr.
...Frauds Eaton.
1. .J. H. diiifher.
,...J. M. SIiUmU.
....Mary Dncrr.
...Sale Deposits Trust Co.
...lleury &tauh.
...Sale Deposit A Trust Co.
.... Fiunuif.
...V. J. Brown.
gained Hcuimuas
.Incut) Duerr
Eliza A. Wells
Adallue Maob
Susanna btaub.
Nicholas FiuuatT
Kill A. Ilrown
Camilla Hendricks
Maedalena MalerhoBer.
Henry bcliinldt
James Quartz
.John Hendricks.
..I. H. Mueller,
.(leorftc Fox.
. V. . Armstrong.
Monday's Trial Lists.
Criminal Court Commonwealth vs John
Itradrord (murder), Lizzie btarlr, Adolpli
lllngey, Uus A. Zlrruth, William T.
Brooks, Frank Blutty, Mary Anderson, Bni
noy Harrlty, Thomas McDonald, Mary B.
Lea, Geome Llghtenheld, W. J. Forsythe,
John McGovern, Adam Walker, C. C. Wal
ker. IuacMcCloskey, Stephen Cuneo, Daniel
Hatzfleld, Amanda Bassett, Jennie Kalis,
Harvey Jester, William and George Mct'los
key. Common rieas No. 1 Lawber et al vs Wal
lis etui. BIcKibbeii vs l'otrrle, Ahlcrs & Co.
vs Chambers, Synthetic Linseed Oil Com
pany V4 Vaudrew & Co., Uuekensteln vs Al
legheny City, Hnbhet vs ltufenheld, Cochran
vs Joice, Cintlk vs Donerty Bros., Nieman
etal vs Stewart, Christie vs Alleirhenian
l'ubllshing Company, Mcuouald ec at vs
Gcanlni et al. Miarizer vs Itlclmrdson.
Common Pleas No. 2 Grocers' Supply and
Ftor.igo Company vs IleUick, Carr va Gullck
& Co., Stevenson vs StveiijhtenUeryarut al.,
Toiulinson" vs Davis, llilkoy vs Itucker,
Stevenson & Co. vs Kinir, Johnston Hal
vester Company vs Hay, Bair A Gazzaiu vs
Sew Tork Newspaper-Union etal., Uubley
vs Dickson.
Foreign Financial.
Paris, Oct. 15. Three per cent rentes Mf,
15 centimes for the account.,
London, Oct. 15. Tho amonnt of bullion
withdrawn from B.iuk of Eugland on bal
ance to-day, XiW,0).
Lodos, Oct. 15. Close Consols, money,
97 1-16: do account, 971-16: Xew York, Pennsyl
vania and Onto firsts, 3J?; Canadian Pacific,
Erie, 27: do secouds, 1119: Illinois
Central, lu3; Mexican, ordinary, E!&:Sr. Paul,
common, bl: Pennsjlvanln, 57& Keadins,
30; Mexican central 4,' 7: bar silver, 39Jd.
Money, K per cent. Bate or discount iu tua
open iciirKet tor short and three months'
bills, liiQl'i percent.
When Baby was sick, we gave her Castoria.
When she was a Child, she cried for Castoria.
When she became Hiss, she clang to Castoria.
When she had Children, the gave them Castaria
LATE NEWS IN BRIEF.
English storms are still raging.
McKeesport's .water famine is oyer,
Dahomeyans have lost another battle.
Daly, the Toledo boodler, waa convicted,
Canadian sugar refiners are organizing a
trust.
An annexation clnb has been formed la
Toronto.
Beeves has accepted the leadership of
Gilmore's Band.
Material is arriving for the new tin plats
mill nt .New Castle.
The passenaer steamship Bokhara is
missing in the China Sea.
Tho old Cincinnati firm of Po3t & Co.,
electric supplies, -has assigned.
Striking-tanners at-Milwaukee hava
given up a nine months' struggle.
Lightnlnz t truck a steamboat on the Bed
river at uennison, xex, ana sanic ic
Changes In the Dominion Cabinet are
impending. .Thompson will be Premier.
Will Einkald, of -McKeesport, aged 18,
fell 30 feet in a quarry and will probably die.
An earthquake severe enousrh to topple
over buildings was felt in the' Balkans Fri
day. The Austrian Government ha 'added
S123.000 to its grant for a World's Fair ex
hibit.
Minister Byan to Mexico will proceed to
"Washington to arrange for a new Mexican
treaty.
Paris Anarchists have murdered- their
former comrade, Bisson, for- betraying
Francois.
Thirty Anamlte princes have beensborn
of their titles and pensions for becoming
Catholics.
Carmanx miners have decided to con
tinue their strike. The leeling is growing
more Intense dally.
Tbe fall of some broken machinery in an
Altoona sewer which wns being repared, in
stantly killed John Toung.
Dead victims of tbe blizzard are being
picked up along tbe Colorado and Kansas
line. Cattle perished in droves.
San Francisco accounts say the steamer
Montserrat has been decoying Gilbert
islanders nnd selling them into slavery.
Mrs. Moffat, of Orangeville, O., cowhided
Charles Johnson, a schoolmaster, whom she
snspected of circulating malicious stories
against her.
During a performance in a crowded
theater in Bnda-Pesth, a woman was sud
denly seized with cholera. Tbe audience
fled in dismay.
The Prefect of Faychow, China, banged,
himseir, being several thousand tuols short
in bis accounts owing to embezzlements by
bis accountants.
Secretary of State Foster has cabled
Minister Scruegs to recognizo Crespo's gov
ernment it he considers ic stable, and satis
factory to tbe people ot enezuela.
Secretary Halford has telegraphed to
Chicago that thu President will not be able
to attend the dedication. He will be rep
resented by Vice President Morton.
Jacob KIper, a wealthy old gentleman of
Monongalia county, Y. Vn., while burning
brush Friday wns attacked with heart
trouble and fell into the Are, being burned
to deatb.
Rawleshurg, W. To., has a case of heredi
tary suicide. Michael J. ConitT. a promi
nent merchant, cut his throat. His father
andgrundiather bad taken their own lives
beforo him.
The Southern Express Company mana
ger at Memphis received warning that an
attempt would be made to rob a. train be
tween there and Thayer.Mo. The Imperiled
train was guardod ou Its route by armed of
ficer. The steam tug. Discovery was flred upon
Friday by.tho United States steamer Wol
cott, while both vessels were off Port Angels.
Wasb. The Wolcott had been on the look
out for four hours for a British opium smug
gling steamer. The tug was mistaken lor a
smuggler, and chased by the Wolcott.
Life Guardsman Marshall, who was con
victed in England October 12 of Insubordi
nation, forhnviiur posted on the canteen. In
quarters at Windsor, an alleired seditious
article from the Alar, and writing above lr,
"Comrades, stick together," was yesterday
sentenced to 18 months' imprisonment and
dismissed from the regiment.
Mi-s. R. B. Macleod, now in St. Louis, has
been sbadowins Moruion missionaries in
Europe.and rays: "Of all the missionaries for
tho various chnrcbes in this country who
liavo gone to Enrope to investigate the
methods of the Mormon elders, X think I am
the only one who has ever returned to tell
the tale. Two ladles'who started, ahead of
mo have never been heard Irom since and
probably never will be. I do not think thay
were murdered: they must, be held some
where by tbe elders in out of the way placet
where they cannot communicate witn tba
outside world.
We havo Just mounted some new combi
nations in emerald, ruby, sapphire, opal and
turquoise and diamond' clusters. Tbese are
elegant goods. Call at M. G. Cohen's, St
Fifth avenue, and examine the goods ant.'
prices. It will pay you.
Fiji Carpets this week,
inger's ad. on second page.
Read Groeta-
v wy;
? 'WOETH A BrJIHIA A OT!
STILL
ROLLING;
St. Helens,?
England, is
the seat of 2
a great bu-
iness.
BEECHAM'S
irl I I lr are made there. Ther i
rfB Ri are a specific for alH
acrvaui ana BII
Elous Disorder arisine; from Weak J
Ktnmeca. lmBalreaBlzeatloB.lJlB-4
g ordered Liver and all Feaudej
ft Aliment.
3 THEY ARE COVERED WITH A TASTELESS?
5 AND liULUBLt C0AT1NH.
5 Of all druggists. Price 35 cents a box.
New York Depot, it Canal St.
.., ,t,ttM annr
Oil, WELL SUPPLIES.
ATTENTION, OIL Ml
All kinds of SECOND-HAND Boilers, En.
glnes. Casing, Tubing, Drilling Tools, ato,
bought and sold. Estimates made on out
fits and abandoned plants.
T. F. GRUBBS,
91-92 Water St.
seS-lll-TTSu
OIL WELL SUPPLY CO.,
91 and 92 Water Street,
riTTSBUBG, P.4-
no3.!B-TTy)gn
JSBOKEB5 nSAKClAU
ESTABLISHED 1SSC
John M. Oakley & Co.,
BANKEKS AND BIIOKEBS,
45 SIXTH ST.
Direct private wire to New Tork and Chi
cago. Member Now Tork, ChlcageandPltti
burg Ezohanges.
Local sepuritlo bought and sold for oastt
or carried on liberal margins.
Investments made at our discretion and
dividends paid quarterly.
Interest paid on balance (since I889L)
Money to loan on call.
Information .books on all markets mailed
on application. ie7
Whitney & Stephenson
,57 Fourth Avenua
psft-ja
:
,
i ,,.
&&i.v