BJ3K5.t f"r,Vf
.W-T--; fsP5
THE PITTSBURG DISEATC
SUNDAY. NOVEMBER -20. 1892.
'23
OUR COM IN EUROPE.
How Secretary Rusk Is Pushing the
Product Into Germany.
EXPERIHENTS OP THE CHEMISTS.
1 he Corn Crop L'aj Eventually Ee More
Important Than Wheat.
USE OF TEAXUTS, TOTATOES AXD KIE
rroRitrBroxEExcz or the disp atcti.1
Berlin, Xov. 4. Experiments are being
made here in Berlin which promise to be of
vast importance to the iuture prosperity of I
tne United btates. The Government ot
Germany is carefully testing the uses of onr
Indian cura, and is considering the adop
tion of 1: as a iood lor the German army.
This army now consists of 487,000 soldiers,
and ou a war footing its total runs up to
mrjre than 2,500,000.
The famine in Russia has taught Germany
that she cannot rely upon the granaries of
the Czarto supply rye enough to feed her sol
diers, and the danger of a war with Russia
has led her to carefully examine the other
food resources of the world. She knows
that it is out of the question tor her to
hope to raise enough lood herself, and if
she must be dependent on other nation for
her supply she would prefer to have it come
from other parts of the world than Europe.
At present the staple food of the soldiers is
rye, but the experiments which are now
going on include mixtures ot rye and pota
toes, of rye and peanuts, and, in fact, all
sorts of possible combinations. The agri
culturists of Germany view the situation
with great alarm, end both they and the
millers, who know that new machinery will
have to be bought for the grinding of maize,
are opposing any radical change. The Gov
ernment, however, is testing the matter
scientifically and practically, and our
American corn is being submitted to more
experiments here than any which it has
undergone in the United States.
May Be Worth 8100,000,000 to Vs.
If it should be adopted as an army food
our exports of American corn will rapidly
surpass in value those of wheat, and the
price of Indian corn will rise all over the
world. An increase of even 5 cents a
bushel on our product would add to onr
wealth more than $100,000,000 a year, and
the raising of Indian corn will at once be
come more profitable than the raising of
wheat. The Russian famine has shown
Europe that our corn is the best corn in the
world. It has brought the different
countries to comparing the different kinds
more digestible and .'at least 25 per cent
cheaper. The element-of cheapness makes
a great difference with the Germans, and in
this country every cent counts. This bread
has the same taste as the rye bread and the
rye completely conceals the taste of the
corn. 1 have "no doubt but that it will be
adopted by the army, and if it is it will be
used by the best disciplined fighting force in
the world. The 'German Government
would save over ?5,00Qayear by using
it, and its adoption would mean a
demand for this purpose alone ot
many million bushels of our Indian
corn every year. If it is.used in the army
it will soon be introduce'! all over Ger
many. Every iilnily in Germany has one
or more of its members in the army, and
tnis cheap and nutritious iood would in this
way reach to every house in the empire.
Already the maize is getting a footing
among "the people at large. There are more
than 30 mills in Germany which are grind
ing Indian corn lor human food, and many
of the bakers are using 'from 33 to 40 per
cent of maize with their rye. Tbero are a
number of bakers here in .Berlin who are
selling H, and the corn is making its way
very last"
"Is the corn meal the same as ours?" I
asked.
"So," replied Colonel Murphy. "The
bread used in Germany must keep much
longer than in America. The average Ger-
MONEY AND STOCKS.
High
Sterling Rates the Monetary
Feature of the Week.
A VERY GOOD BANK STATEMENT.
Gossip
Aoont Local Securities and the
Closing Prices.
ALL THE LATEST FINANCIAL NEWS
tt V
Carrying II Some.
ML Ktf W 'If
ASM
mm
ilfTi
Ki Af mWi IL ' 'J
W'1 1 " i
Jim. H 1 IM
vj
man baking takes place oulv once a week,
and there is too much oil in the corn for it
to keep this long if it is ground as it is
ordinarily ground in the United State".
The most of this oil is in the little germ at
the end of the grain of corn, and we get rid
of this by cutting it out by a degerminating
machine. It is then almost as free from oil
as rye, and it makes a finer flour than many
people in America can realize.
The rinest of White Bread.
Corn-Meal Murphy.
of maize, and the result is that our corn has
been shown to be far superior to that raised
in south Russia, in Spain and in Italy, and
if maize is to be used as an army food it
will be the American corn that is chosen.
We have no vast standing army in Amer
ica and roil cannot understand at a glance
what an important thing the feeding of such
a vact body of men as this German army is.
The lood lias to be ot a certain character. It
must be a lood which will keep for weeks
without spoiling, and it must be capable of
being transported long distances without
injury. Corn bread will not do this, but
when mixed with rye in certain proportions
its character is changed and it keeps very
veil. These proportions are now being
determined by the Government chemists and
baker, and I am told that bread made of
one-third com and two-thirds of rye is a
success. Such a bread tastes noPdiflerent
Jroin rye bread, and the soldiers of one of
the garrisons here were fed for eight days
on such bread and they did not know it.
After they were told what they had been
eating they found fault with it, but not be
low. The bread is being tested in the pris
ons and in every way possible to find jnst
lion well it agrees with the men, how long
it will keep and the exact amount of its
strength-producing poner in comparison
with rye. The grain used is ground at the
Government mills and the bread is made un
der the eyes of the Goverment officials.
Secretary Rusk at Work.
This movement for the introduction of
Indian ccrn in Europe is being pushed by
Secretary Rusk for all it js worth, and the
governments of Europe have learned more
about our Agricultural Department during
the present administration than they ever
have before. Secretary Rusk has brought
the department so to the front in Europe
that the Russian Government has just de
cided to adopt our system of crop reports,
and while I was in St- Petersburg the agri
cultural officers of the Czar received direc
tions from Secretary Rusk as to how to do
this. Here in Germany his efforts in the
pushing of our American pork have been
supplemented by the work of his agent for
American corn. This agent is Colonel
Charles J. Murphy, who is known in Amer
ica as "Cornmeal ".Murphy, " and who has
been trying to introduce American maize
into the markets of Europe for some years.
He has had corn exhibits at the leading
agricultural and industrial exhibitions ot
Europe during the past eight years and he
has been coing among the bakers of Scot
land, England and parts of the continent
and showing them how to cook this meak
He went to Russia and shoucd the people
there how to mix the Iudian com with rye
to make the bread which was used by the
famine sufferers, and he is doing what he
can here to push the matter with the Ger
man Government. He receives a salarv of
52,500 a year from the Agricultural Depart
ment, and this, with 3,000 lor his secretary,
is all that the Government is spending on
this enterprise. The truth of the matter is
that there should be a dozen men here in
stead of one, and that the very best and
most practical business men of "the United
States should be selected. They should be
sent here with a good supply of money, and
the corn used for experimenting should be
selected corn from the best soil and the
best seed. The bread should be introduced
through the best society, much as Williasi
Walter Phelps introduced it at the dinner
which he gave to Bismarck and others,
where the oniy bread on the table was corn
bread, so made that it was as light and
white as wheat bread, and it should not be
brought forth as a starvation food or a cheap
food.
A Chat With Colonel Murphy.
I chatted with Colonel Murphy last night
about his work and the prospects. Said he:
"We are now making a bread of rye flour
and cornmeal. The proportions are one
third corn and two-thirds rye, and the bread
i fully as nutritious as the rye bread. It is
Saturday, Nov. 19.
No. appreciable change in tho general
monetary situation has occurred during the
week ending to-day. The high sterling
rates, however, have attracted more than
usual interest among the bankers, and they
have about given up th& hope of getting
back any of the ?60,000,OTO exported since
January 1, and some of them are even pessi
mistic enough to predict more gold exports
this year. They reason that .Europe's de
mands for gold were stopped by the cholera
scare, and now that this is over foreign de
mands for gold are liable to come at any
time. The countries of Europe have been
drawing-heavily upon England for gold re
cently. A year ago this time we had im
ported ?3,6G5,377 since September 12
and demand exchange was ?4 834 83.
Present sterling rates are about 3o above
gold importing point and 2c belw the ex
porting rates. It has beep reported that
owing to the firm money market in New
York some of the banks there
have advanced the interest allowed
on time deposits, but late ad
vices say money is in good supply and
the market fairly easy to regular and ap
proved borrowers. To-day's New York
bank statement exhibited a gain of $1,882,.
000 in the reserves, which was a better re
sult than was expected. 'Tho most import
ant features besides the gain in reserve are
big increases in specie and deposits and a
slight decreaso in legal tenders, the latter
Indicating that the outward movement of
currency was almost at an end. The
changes in detail shown by the statement
are as follows:
Reserve, Increase 1 1.833.05
xoans, decrease j,uj.auj
fast enough to suit him he sold his business may go lower before they advance, but
and expended the money received there- wo feol that our friends will make money
from "on his mine, and still no mineral. ' by keeping eloso watch on the securities
Then he borrowed nn til his credit was about J .roon tioned,and making purchases on a cale
bnccle. increase...
I.ecal tenders, decrease.,
Deposits, lncriase ,
L Circulation, increase
surplus revenue
Same date last year
2,6M, S00
IH1,1UJ
, 588,700
53.300
4.560,9.5
13,322,009
LOCAL SECURITIES.
"It will make the finest of white bread,
and it is being used for cake baking here
with splendid results. "Vienna pastry flour
costs here S8 75 per 200 pounds and the
same amount ot fine maize flour can be had
for about S3 50, and many of the bakers are
using it without the knowledge of their cus
tomers, who suppose they are eating cakes
made from Vienna flour. I found a baker
in England who was using our cornmeal in
this way. One day when passing a grocery
store I was attracted by a gaudy
sign advertising a wheat preparation
which was guaranteed to be excellent
for puddings. I had a strong sus
picion that this was some form of Indian,
corn and I bought a one-pound box ot it for
10 cents and took it home to try it for my '
ounuay -uinner. u e cookco. it ana we
found it was nothing more or less than old
fashioned American mush flavored with
vanilla. Here in Gcrmanv this cornmeal
is being used in large quantities by the res
taurants as a thickening for soups and for
gravies. It is drivingout the Chinese rice,
which does not give as good results and
and costs more. The Germans" like thick
soups, and the German housewife is waking
up to the advantages of Indian corn."
"When do you think the Government
will decide as to the use of the corn by the
army?"
"I don't know," was the reply, "but I ex
pect to hear from them daily. In addition
to their experiments on the bread they are
experimenting on a biscuit for the navy,
which will be composed partly of maize.
The army has its own mills for
the grinding of much of its meal,
and, as it is now, the duty on im
ported meal is so much greater than that on
raw corn that the most of the corn here
would have to be ground by German millers.
In the Event or War.
"The millers are watching the experi
ments carefully and they are ready to buy
machinery the'moment any decided move
ment has been made. As it is now, Ger
many imports about one-third of its food
supply, aud I hope to see this third made
up largely of Indian corn. In the event of
a war with Russia the foreign supply of rye
which Germany now gets lrom there would
be cut o3 and the Germans would be
materially crippled from the lack of it. A
single year's crop of American corn
would make a road of wagons forty
four abreast from New York to San
l'rancisco, and it this amount were
loaded in 500 bushel lots in freight cars the
train would reach from the West to New
York, across the Atlantic Ocean, across
Europe and nearly to the Pacific shores of
Asia before the last car was on the track.
These cars would form four continuous
freight trains from New York to San Fran
cisco and they would block up all the trunk
lines of the country. And the most of this
corn comes from six States, though corn can
be raised in nearly every State of the Union.
Out of every thousand acres of arable land
in the country ouly 41 are devoted to corn,
and if the price is raised by this European
demand we will have millions upon millions
of acres of new corn fields.
"Suppose we increase our areas only one
tenth this will add fifty millions of dollars
to our corn receipts and the money received
from corn now by us is enormous! We get
more out of our corn fields every year thaa
we do out of our gold, silver and lead
mines. Our corn receipts-are greater than
all the dividends of our railroad stocks, and
they are more than all the dividends of our
natmal bank". As it is now if wc can get
an increase of 5 cents a bushel on corn we
will add a hundred million dol
lars to our receipts this year, and if you
rould divide this increase up among the
families of the United States it would give
more than $6 a family. Our corn crop in
18S9 was worth more than 5700,000,000, aud
I expect it to run into the billions when
these people here arc eating corn breal"
Only a Small Export Xpw.
"How much corn do we ship to Europe
now?"
"Only about 4 per cent of our entire crop.
The people ot Europe know practically
nothing of the advantages ot Indian oorn.
x nave Decu trying to introduce it in a
dozen different countries, and in Scotland I
had a corn palace where I showed over 3,
000,000 visitors the worth of corn as human
food. I gave thousands of children from
tile different charitable organizations free
meals, and some of these iustitutions are
now using Indian corn. I got the people of
Glasgow to using it and in Ireland .1 know
they are now eating a great deal of Indian
corn, which they use in the form of mush,
which they call 'stir-about.' There is
a big field for American canned corn in
Europe anjl the Government ought to be
showing our corn and its uses at the differ
ent exhibitions here. If a retail grocery
establishment could be selected in the dif
ferent cities and towns in which for a few
weeks a good baker could prepare Indian
corn lor the people and give it away, I be
lieve in a short time the people of the vari
ous countries would get to using it, and the
outlay would be quickly repaid in our in
creased exports."
Everyone is waiting until the Govern
ment authorities have made their decision
upon it, and upon this decision the im
mediate success of American corn in Ger
many and among the German people will
stand ori alt Fbank G. Caefexieb.
A Week of light Trading and Drooping
rrices Chartlers Valley Gas and Peo
ple's Plpeage the Only Shares to Score
Net Gains A Long List of Declines.
The market for local securities bordered
on stagnation'throughout the week ending
to-day, and the general tendency of prices
was in the downward direction. Transac
tions on 'Chnnge for the six days aggre
gated 1,842 shares of stock,15,000 bonds and
$10'scrip,against 2,508 shales, 3,000 bonds and
$3,303 scrip tor the Ave days last week The
closing bids to-day, oompared with those of
last week, show the following changes:
Aavnnces Chartlers Valley Gas, Ji; Peo
ple's Pipeage, .
Declines Philadelphia Company, Citi
zens Traction, ; Pleasant Valley railway,
: La Noria Alining Company, Sc; Luster
Mining Company, ; P. & It. traction, ;
Duquesne traction, ; P., A. & AI. traction,
Union Switch und SUnaL, : do pre
ferred. ; Underground Cable Company, ;
Electric jccond preferred, 1.
The restricting aud depressing influences
were lecited in the daily reports of the mar
ket and they need not lie enumerated now.
Suffice it to say that the best opinion of the
street is that they will not be long contin
ued. "Ilie unsettling factors will soon ue
forgotten," said a conservative and close
observing broker to-day.. "You remembor
.how soon the cholera scare lost its influence
and how soon the publio lost sight of the
fact that the' country was more likely to
suffer from cholera next year than this. So
it will be in the present case. The people
will soon forget nil about the result of tho
election; merchants and manufacturers will
soon see the folly of being despondent over
the' possibility ot radical changes in the
tariff, as in nil probability the present
tai'itl laws will romain in force lor some IS
or 18 months yet; business will undoubtedly
continue to bo good despite tho croaker.-,
and I look for an early revival in trading in
stocks, accompanied by an upwaid move
ment 111 prices. Those who take hold first
will reap the largest gains."
Gas Shares.
Philadelphia Company and Wheeling Gas
declined somewhat, but tho other members
of the group about hold their own under a
very light demand. Tho weakness of Phila
delphia Company was ascribed by some to
unfavorable reports concerning the Pin
hook field and by others to sympathy with
the other weak Items of tho list. The com
pany brought in a number of new
wells during the week, but none of them
wore moro than ordinary affairs, and it the
Pinhook reports veretcorrect the change in
the company's condition as to tue supply ot
gas was an untavorable one. It still re
mains to be determined by a blizzard, how
ever, whether the company's supply of gas
is adequate or not. Meanwhile, the state
ments of the officials that it is must be ac
cepted at par. The weakness in Wheeling
Gas was attributed to the continued low
price of oil and a falling off in the produc
tion of the oil fields where it has interests.
Street Railways.
The continued attempt to put Pittsburg
and Birmingham traction up a little and its
partial success was the feature ot this
group. Tho attempt seemed to be concer
ted and well organized, but tho upward
movement met too much stock and it
quickly subsided. The close to-day, how
ever, was fractionally above the lowest of
the week, with indications that Iresh buying
orders hud suddenly come 011 the inniket.
Ncailyall the other tractions were weak
and more or less neglected. The street has
been patiently waiting for the anuual meet
ings of two of the leading lines Citi
zens and Pittsburg to bo held next
Monday, the 21st, and it is expected they
will be followed by something llko activity
in the entire group, the argument being
that showings will bo made that will Justify
the belief that prices are too low and stimu
late tho demand for this class of securities.
Tho Industrials.
Airbrake was traded in moderately on
'Change at 135 136, and it was gossip" that
trading on the quiet at about tlieso figures
was quite active. It held steady to firm,
while Union Switch and Signal and Electric
were lower and the others barely steady.
Enterprise Mining Company. ,
Under dato of Denver, Kovember 15, a
gentleman thoroughly informed on the min
ing Interests of Colorado, writes to The Dis
patch about the developments nt Rico and
the war between the Enterpiise and other
companies as follows:
"Colorado is Just now furnishing a mining
incident of moro than usual interest to the
people of Pennsylvania in tho great mining
suit brought by tne Itico-Aspen against the
Enterprise Alining Company. A great many
Pittsburg people are interested in the latter
company, and a brief history of these la
mou mines together with tue causes lead
ing up to the litigation is or particular In
tel est at this time. The mines of both these
companies are located on Dolores Mountain,
at liico, Colorado. Itico is in the very
heart of tho wild and picturesque San J uan
country, about 150 miles from Denver, and is
to-da the largest producer ot rich and high
exhausted. Jnst as he was on thd vereo of
giving up in despair his wiie drew1 $1,000 in
a lottery. This money they began to spend
on the mine, and before it was exhausted
Mr. Swickhelmer had struck rich ore.. Ho
took. $900,000 out of the mine and sold his
group to a svndicato beaded by Crawford
for $1,500,000, receiving $800,000 as the first
cash pavuient.
"The 'story of the Rico-Aspen mines is
equally romantic A number of the mines
now in this company were, previous to its
organization, involved in litigation, and as
a result all but three or four were idle. The
reports or the richness or this district
reached Mr. A. B- xtoeder, one of Denver's
conservative young business men, and in
onmpany with Douglas L. V. Browne, n
English and South American expert, he
visited the property, convinced hlmsolfLof
tho value ot the mines, aud effected Tho
gigantic consolidation now known as the
Itico-Aspen. Most of the mines were pur
chased on lease and bond, and some of them
were purchased outright. A lorce of 200
men was put to work, and to-dav the Elco
Aspen is the largest and richest silver inin
inir comnanv in the world. The ore. how
ever, is not exclusively silver, but carries
about one ounce of gold to every 100 ounces
or silver.
"When tho Rico-Aspen began to operate
its mines it knew that the richest ore from
the Enterprise was being taken out of
ground close to its own. A drift was run
straight toard the Enterprise property,
and connections made therewith wnen it
was discovered that the Enterpiise Com
pany had been mining ore fioin Itico-Aspen
giound. The Rico-Aspen Compauy imme
diately secured injunctions against. the
Enteipriseand brought suit to recover tho
value ot the oro taken. The Enterprise re
taliated by blowing up the workings of tue
Elco-Aspen near tho point of con nection. A
number of.workmen baroly escaped killing,
and the general foreman ot the Elco-Aspen
came near losing his eyesight in conse
quence. The result Is that be has brought
suit against the Enterprise Company, claim
ing damages in a large sum.
"To further complicate matters the Biec
Retuni Mining Company, a $5,010,000 corpor
ation, with a A. B. ltoeder and J. H. Ernest
Waters, of Sherldnn-Mendora fame, at its
head, claim that the Enterprise is mining
ore from Itlco-lietnrn ground, and another
big suit is suie to result. The Rico-Return
Company has 35 mines which lie ou the op
posite side of the Enterprise from the Rico-
Aspen, and the ore deposits originally found
in tue enterprise run directly turougn
these properties. It is a matter or general
regret at Elco that these differences cannot
be compromised, as mining litigation is very
expensive; but the Rico-Aspen, aside from
being a powerful anil wealthy corporation,
has so much 01 e not affected by the suits
that it will make little or no difference with
its output. It is understood, how over, that
Mr. Crawford is in New York arranging for
money to fight the suits brought against his
company, aud although Enterprise stock
has .dropped from $6 59 to$t per share since
the trouble began, it is thought that he will
continue the litigation.
"Swickheimer.who owns the City National
Bank of Denver, and who has been a mem
ber of both companies, has been placed in
tuber a peculiar position. His largest in
terests are in the EIco-Aspen, and he an
nounces that he will sail at public sale at
the Court House on the 2Qth instant $270,009
worth ot Enterprise stock.
"The contest authe present time is attract
ing general attention in tne x-ast. as wen as
at home, tor it is not often that such iin
mouse interests clash."
Closing of the Market.
The transactions on the local stock board
to-day were as follows:
ox CALL.
1 share Pleasant Valley Railway S5
100 shares P. & IS. traction 21
HO shares 1. & 11. traction 24
100 shares P. A 11. traction 24
mo shares P. ill. traction 1i
2U0 shares X,a .Nuria Mining Co 13c
AFTER CALL.
10 shires I CB. traction I4J(
100 shares La Xorta Mining Co 13c
Uown.'
Fresh, From Wall Street.
J. 8. Bache & Co., to Oikley & Co.:
"The general topic in Wnll street this weok
has been the chaugo in the administration,
nnd what position Mr. Cleveland and his
party would take toward the tariff and the
financial questions of the day. A leading
Democrat in an interview has set the party
faiily be:qre the country, and says that if
the eilver bill is not repealed before Con
gress adjourns on March 1. an extra session
will be called to repeal this law. -There is
no doubt tuat Mr. Sherman hhnseir will
bring a bill forward to repeal the law, and
oh this belief Europe has been accumulating
stocks all the week, and their purchases
amounted to about 00,000 share. It Is also a
fact that tho election of Mr. Cleveland has
produced n better feeling in business circles
abroad, as It will give Hie to some industries
which have been practically killed by the
McKlniey bill.
"Merchams uptown are asking whether
anything will be done with the tariff, and
they are, no doubt, getting cautious for this
reason. The party seems to bo adverse to
calling nn extra session for this purpose,
though it would really expedite matters if a
committee could be appointed before Con
gress meets in December, so as to get the
views of tho 1 eoplo and have a bill flamed,
ready and approved by the committee by
December. Nobody need fear that any
sweeping reductions will be made. It is
moro than likely that raw .materials will bo
allowed In frpn n tlmt cho manufacturing
power will be greatly Increased. The in
coming administration also have a serlons
matter to confront that of a treasury dep-.
ciency. The tremendous payments for pen
sions next year, amounting to $150,000 000,,
will require increased revenue. An addi
tional tax on high winos nnd spirits ot 10
per cent is talked about, which would yield
an increased revenue to the country or
about $35,000,000.
"On Monday the CnicagoGas people meet,
and a dividend of 1 pel; cent will bo de
clined. It will hIso he shown that nt least
r8V per cent was earned on the stock. On
xuesciay tue Alonetarv Conference meets at
Brussels, and tlio-n orld is speculating on the
outcome of this convention. This Govern
ment has virtually framed tho idea of this
meeting in hopes of extricating itself from
its dangerous position. It is not tqbe ex
pected tlmt the other countries or till world
will give a helping hand, and Tor that reason
we do not think that anything will result
from it; still, it will show the people of this
land their necessity for qu,lck action, and
may show the West in particular that the
bill which was made lor their
benefit must bo done away with.
It is hard to tell tho course
of the silver maiket it this purchasing
power is stopped; its first effect will prob
ably be lower prices for tho metal, but alter
that a steady market will be looked for.
People tell us that the cost of ptoduclng the
silver of this country ie about 83 or 81 cents;
of course, some mines can produce silver at
from 30 to 10 cents, but they are very few.
"The oxchango market has been strong
all the week, and the fear of possible gold
exports has forced out quite it little long
stock, and the bears, seeing their oppor
tunity, hammered prices all the week.
Nothing can be said at present as to
whether gold will go forward next week,
but if Europo keeps on buying tho way they
have been, it may change the outlook altogether."
Total sales, 911 shares,
otters:
HANK STOCKS.
First National
Kuurtli National Bank
Freehold
Fidelity Title and Trust Co
Afcr. & Manufacturers' N. ilk.
Odd Fellows' Savluss Bank....
beeoutl National Bauk
INSURANCE STOCKS.
Allemannla
Citizens
Humboldt
Western Insurance Co
NATURAL GAS ST( CK .
Charters Valley Gas Co
People's Natural Gas and P.Co
Pennsylvania Gas Co
Philadelphia Co
WlieellngGas Co:
PASSKNGEIl B'V STOCKS.
CentralTractlon 51)
Citizens Traction SO
Pittsburg Traction 50
Pleasant Valley :s
becond Aveuue 50
r.AILBOAD STOCKS.
Pittsburg, Youngst'n and A... 51
Pittsburg and Castle Sh'n 50
Pittsburg, Wheeling & Ky.... 50
COAL STOCKS.
N. Y. 4 C. Gas Coal Co 50
IIINING STOCKS.
Hidalgo Alining Co 10
La Norla Allulng Co Z
Luster AlinlmrCo 10
Enterprise Allulng Co.- S
MISCELLANEOUS STOCKS.
Closing bids and
121
fjo"
Par. Bid.
.100
100
50
1(0
50
50
1W
50
50
50
SO
Asked.
ISO
127
J07
7i
72
50
a
63
40
100
25
50
50
5J
Union Switch and Signal Co...
Union Switch and S. Co. prer..
Standard Undergiound C. Co..
U, b. Glass Company, coin ....
50
50
100
100
10'i
id"
21
MM
50
3
11
75
lo'-4
11
2I
18
23 Jf
12M
59
25
55
CO
10
6)4
J!,
19 fS
40
cl"
SPECIAL MARKET LETTERS.
nde mineral in the silver State.
"The Rico-Aspen is capitalized for $5,000,
009, and owns 35 uiines, eight or wlilcn are
now producing about OO.Ojo ounces or silver
per month. The company is controlled by
Albert B. Roeder, tho most successful mining
man Colorado has- produced in the past
year; David II. Jiolfati, tho multi-millionaire:
John E. Searles, the Sugar King, and David
11. Snlckheimer, whose discovery of the
Enterprise mine and sudden acquisition or
wealth have no parallel except in the case
or Roeder, one or his present partners.
"The Enterprise" is a $2,600,000 company,
owning 14 mines, which have produced con
siderable ore. This latter company is con
trolled by George Crawford, a mining oper
ator well-known in the East.
"Before going into the existing trouble
between these companies, a brief history of
tho discovery ot tlieso mines Bhould be
given. The principal mines or tho Enter-
5 rise Company are the Enterprise and
umbo. Ihe Enterprise was discovered by
DavidS wickheimcr.now a heavy stockholder
in the Rico-Aspen. He is a persevering Ger
man, who had been Sheriff of Dolores
connty. With his savings from that
office he engaged lu business, and
then began to invest the profits
or his business in prospecting on Dolores
Mountain, and as the work did not progress
The Local Situation Reviewed by One of
the Brokerage Houses and Wall Street
Oracles Send in the Usual Grist of In
teresting Opinions.
A. J. Lawrence & Co.'S regular weekly
review:
"A week's trading like that just closed
has a discouraging effect upon all who have
anything to do with the market. Business
has been distressingly slow, and the natural
result has been sagging values. Nearly
everything of a semi-investment or specula
tive character is fractionally lower, and
nothing in the usually active list shows any
buoyancy. There is more than ever a'dis
p'osition to attribute these conditions to the
election and consequent uncertainty re
garding changes in the' tariff. It
seems to us that fears on
the latter score are greatly
exaggerated. A Government that requires
over $1,000,000 a day for running expenses,
that contemplates the steady strengthening
of its navy, and that is constantly making
internal improvement', will bo unable to
keep up its tevenues nnd at tho sanlo time
greatly reduce the tariff from which these
ie venues are derived. A moro potent causo,
to our minds, for tho stagnation in stocks Is
tlio activity in gencial business, which has
enhanced the v.ilue of money in this market
to the full legal Tate and at the same time
somewhat reduced the nmnunt available for
stock ti ading. By the first of the year this
condition is likely to be modified nnd idle
funds bezln to accumulate, and between
now and the holidays there will be oppor
tunities to secure some goodbargains on the
local counter. When tho recoveiy sots lit
wo believe it will be much moro rapid than
the decline; hence it will prove profitable to
examine into the merits of the various
securities now.
"In looking over the list It may be well to
select those properties which will be least
iufiuonced by agitation for tariff revision,
so that, whether changes nro made or not,
the future will be.reasonably safe. Well up
to the head or tho list we would place United
States glass common. The product of its
factories is mainly pressed table ware, on
which tho present tariff is lower than on
other kinds of glass, and in the manufacture
01 miicii weso jar out-runic tne foreigner
that competition from abroad is practically
eliminates, rue common stock is now
quoted at 6CGS and it Is morally certain
that a 3 per cent semi-annual dlrldened will
be paid early next year. Westlngkouse
Airbrake, Electric and Switch and Signal
should be actually benefited by a reduction
in the tariff on metals, as they are large
consumers of iron, steel, copner and tin.
We have the statement or high officials or
the two last named companies that the
orders booked ahead are the largest in their
history, and from personal knowledge we
know that the buying or Airbrake the past
two weeks was never of a bettor character.
Then there are tho traction stocks and
bonds that offer opportunity for Judicious
selection. Even the greatest bears on some
or these shares folly admit that all the bond
Issues are absolutely safe nnd the majority
or them are comparatively low priced.
Birmingham traction shares have been tho
weakest or this group during the week, de
clining tq 24, and while we know that the
suggestion of the probability of a. dividend
In January is hooted at in some quarters, wo
know that it is seriously entertained in
others nnd we shall not be surprised if a 2
per cent Is paid early in the new year.
Finally, we have Philadelphia Gas. All the
reliable Information we get concerning it
leads us to believe that tho decline was due
solely to sympathy with the weakness in the.
general market, and that on merit It should
hare a good rally. ' ?
;Tho indications at present art taatisrlCM
Financial Notes.
The. unlisted street railway securities
closed ns follows: P., A. & M. traction, U
asked; P. & B. ti action, 24HK: do, 5s, 39
1C0; DuQucsnc traction, 27-8.
Standard Plate Glass was offered at 59 on
'Change; Alle-heny Valley Railway pre
ferred was offered at iy 37 was bid for
Electric second preferred, and IWi was bid
for Central traction 5i.
Mr. George C. Magoun, Chairman of the
Finance Committee of tho Atchison Com
pany, in reply to a.telegram asking as to the
truth ot a 1 umor that Atchison's annual re
port would show n floating indebtedness of
$3,000,000, sent the lollowing Teply. "Tho
Atchison's annual report will show the cash
position or the company on July SO, Inst.
The company has no flouting debt that is,
no floating "debt that is not more tlmn
covered by cash assets."
The Boston Commercial Bulletin to-day
states that ithas nbsolutuandofflcinl knowl
edge that the management of tho New York
and New England Railroad Company bus
liquidated the floating debt, eamed tho'
fixed charges, the dividend or the preferred
stock and a smnlPsnrplns besides.
A table published to-day gives the gross
earning ot the Fall River Mills for the past
year. Twenty corporations, representing a
capital or $15,020,000, have earued $2,6f7,O0O
net, an average-of 1G 16 per cont. Unusually
che.ip cotton has been the important lactor
in the boom in this business.
Andiew Caster bought $1,000 P.. A- & M.
5s at 103, and sold IS shares Electric second
preferred at 37 and 35 shaios Masonic Bank
at 03.
Tho PJtt'bnrg Gold Company received ad
vices from its manager in Mexico yesterday
to the effect that lie had opened up the vein
on tho Guellcrmo mine and found it to con
tinue, at a width of thiee leet, with a pay
streak of from IS to 24 Inches. The sllverore,
he says, sustains previous assays from the
mine, running from $100 to $300 per ton.
J. Cai others sold P. & B. and Morris &
Brown and Sproul & Co. bought.
It. J. Stoncy, Jr., sold La Noria and J. J.
Campbell aud Andrew Caster were the
buyers.
. MONETARY.
Discount rates were quoted at 5G per
cent all week in Pittsburg, but there was
precious little business transacted at less
than 6. Brokers, however, declared they
could get all tho money they wanted at Spec
cent. Eastern exchange and currency
traded oven, though the former medium
was quite scarce during the closing days.
New Youk, Nov. 19. Money on call
easy at 4, closing offered at 4 per cent. Prime
mercantile paper, 56 per cent. Sterling
exchange is steady, with actual business In
banket' bills nt $4 84J4 85 for. 60-day bills,
aud $1 tSJlor demand.
Clearing Uouse Figures.
Pittsburg
Exchanges to-day
Balances to-day.
Samedaylast week:
Exchanges 12,332,379 00
Balances -iOO.MJ 61
Tho fliures for tho past two weeks com
pare as lollows:
Exchanges this week il?,173.70S 07
Ualancc- this week 2.537.7CJ 3.1
F.xclianges last week 13.3UI.5U2 to
Balances !asl week 2.073,573 Si
For the week of 1E91 corresponding with
thi- week the exchanges were $13,757,970 09.
Total exchanges to date. 1S92. $b76,23y,G52 U;
Fame time lust year, $bOi,03U,2! 43; gain this
year$72,208,760 01.
$21,000' FOR FIVE ACRES.
A Piece of Property on Wllklns Avenue,
Near "Wlghtman Street, Sold for 84,200
Per Acre Many Other Good Transac
tions Reported The Week's Itecord.
Saturday, Nov. 19.
Another good sized sale in the Squirrel
Hill district has been closed. S. J. Flem
ing sold a tract of land containing five
acres, situated on Wilkins avenue, near
AVightman street, Twenty-second ward, for
?21,000, or 54,200 per acre, to W. J.
McClurg. The property has a frontage on
Wilkins avenue of about "00 leet and will bo
improved at once. This sale shows a won
derful enhancement in the value of this
proporty within a very short time.
Current Gossip.
Messrs. Ewlng & Co. have closed the sale
of a very valuable residence property In
Bellevue, the particulars of which will not
be made known until the delivery of tho
ljnal papers.
S. J. Fleming is negotiating for the sale of
63 act es of land in the Twenty-second ard
to several local capitalists, which, if con
summated, trill exceed in value ana impor
tance any deal which has vet occurred in
the Squirrel Hill district. "Tho prico asked
for the property and which w ill very likely
be paid is $252,000 or $4,000 per acre.
A tract 01 land situuted on Perrysvillo
avenue, opposite Che Einsworth road, con
taining 109 acres, will likely change hands
before December 8, at a price approximating
pw.wv. t
Building Permits.
The following permits were issued to-day:
William Keech, a six-story brick house.Penn
avenue, between Garrison alley and Tenth
street; cost $13,000. Mrs. Lizzie Neff, a frame
addition, No. 124 Shetland avenue: cost $300.
Late Sales.
Joseph P. Rankin & Co. sold the Dr. J.
W. Sykes residence at Osborn, consisting of
alfont 3 acres and a large 13-roomed hodse,
for $12,340. The purchaser, Mr. Joseph G.
Lamble, of. Allegheny, expects to occupy
the property in the spring.
John F. Sweeny reports another sale of
the White properties on Ilcrron avenue,
Ilerron Hill.' The purchaser is Mr. James S.
Vance, oi 211 Erin street, and the property, a
five-room nnd finishedattic frame, with mod
ern conveniences, on lot fronting on Ilerron
avenue 23 leet and extending back 80 feet,
for $4800. Another sale reported Is that of a
40-foot lot on College avenue, near Alder, at
0 J per foot, for E. S. Thomas, of Lynn, Mass.
Mr. Sweeny sold this lot n fewmontlisago to
the present seller ac $50 per foot. The
purchaser is breaking ground for a fine
dwelling.
John K. Ewlng & Co. sold to Mrs. Annie
M. Smith for William J. LUhtnera two-story
frame house or seven rooms, hall and bath,
with a lot 20x103. on Llthtro avenue. Second
ward, Allegheny. for$.',C.O. The above firm
sold this same pioperty to Mr. LiglitnerSO
days ago Tor $il00.
S. A. Dickie & Co. sold for T. C Hosack to
VY. H. Clow et al two lots each 25x30 feet on
Monticello street; for $400 cash.
J. II. Coleman & Co. sold lor A. J. Sbauer
to Hannah V. Schmltz, a lot, 50x133, on Ben
nett street, for $1,250 cash.
Baxter, Thompson & Co. sold for A. L.
Watkins lot No. 35' iu his plan on Horton
avenue near Wylle avenue, Thirteenth
ward, slzo 20x109, for $600:also sold lot No.
31'!, Bank ol Commerceadditlonplan, Hrnsh
ton station, fronting 50 feet on Mohler street
and 150 feet to a 20-toot alley, for $600.
Bluck & Baird sold for Louis F. Falck to
G. D. SImen lot No. 12 in Falck's plan in the
Eleventh ward, Allegheny, rrontinc 59reet
on Davis avenue, cornwr of Massachusetts
avenue, by a depth of h5 feet, for$2,500 cash.
M. F. Hippie & Co. sold lor Airred Beckley
to G. C. Hurt man, Esq., for a price approxi
mating $1,000. lot No. 26 In tho Comingo plan,
having a irontatto of 50 leet on the east side
or Bellcfleld avenue, aud extending bacs: 199
leet, more or less, to Dithridgo street, Four
teenth ward. This is the second lot sold by
the above firm for Alfred Beckley iu the
same plan within the last ten days.
Snj der & White sold for William Evans to
Robert Balmer lOacres of ground witif fraraa
house at l'ntterson's Mills, Washington
county, ror$2,t09.
A. Z. Bycts & Co. sold for Frank Hucke
stein to tho Benedictine Sisters Society, of
Allegheny, two vacant lots in the Fourth
ward, each fronting 20 feet on Church ave
nue and extending back 59 feet to an alley:
$1,900 cash.
Reed B. Coyle & Co. sold for tho Bellevue
Land Company in their plan or Sunnyside,
Bellevue, lot No. 117, situate on the con.erof
Orchard nnd Rodgers avenues, for $1,000.
J. C. AUes & Co. sold to Katherlne Mueller
tor J. C. Alles lot 150 in block 7, Now Ken
sington, size 20x120. lor $100.
The Burrell and Kensington Improvement
Companies report the lollowing sale of lots
at Ivonsintrton: William Grime. Plttchnr,r.
south halt ol lot 20, block 8, $100 cash; Frank
Rohm, Pittsburg, lot 50, block 8, $7C0: Henrv
Wn.,An T I ,-,!, row. .. a... I. 1 K .. . 1 ... .
.. uuii, a .biouuir;, nui bj, j.r iCUfc Ol IOC 04 UnU
south 10 feet or lot 68, block 2, $1,147 50; Mi8
Eonalia Schaeror, Pittsburg, lot 41, block 27,
$8S7 50; Menas & Edward Menken, Pittsburg,
south 15 leet or lot 30 and north 10 feet of
lot 31, block 4, for $1,012 50: David L. Leslie,
Bellevue, lot 2UI, block 26. $877 50; William
Bcnthey. Harmony, lot 85, block 27, lor
$646 75: D. J, and J. B. Schulto. Lutrobe, lot
23 and snfafb 5 feet of lot 22, block 5, for
$1,600: Sophia. Keith, Pittsburg, lot 603, block
21, $oi; 75: J. Feldmyer, Plttsbur-r, lot 46,
blockli, $680 00.
The Week's Keoord.
The official record for tho week shows a
large increase over tho preceding week in
eveiy thing, so far as the amount or money
Is concerned. Though mortgages, pur
chase money mortgages and Judgments de
creased a little in number, they increased
considerably in amount or money involved.
Following is the summary:
$2,657,817 41
470, 050 SI
New York, Nov. 19. Bank clearings, $130,
498,399; balances, $5,295,273. For the week
Llparings, $782,071,591; balances, $33,832,911.
Bostos, Nov. 19 Bank clearings, $i7,
189,296; balances, $2,371,374. Money, per cent;
exchange on New York, 8 to 12c discount,
Tho exchanges for week amounted to $105,
479,177; balances, $11,301,772.
1-BiEAPELrniA, Nov 10. Bank clearings,
$13,312,625; balances, $1,012,700. For the week,
clearings. $74,710,936: balances. $0,200,211.
BaLtimoke, Nov. 19.-Bank clearings, $2,
292,586; balances, $267,655. Money, 6 per cent.
Chicago, Nov. 19 Clearings, $18,160,247.
for the week, $109,871,332; for tho correspond
ing week last year, $100,252,093. New York
exchange, 50c premium. Sterling exchange
Suiet at $4 85 lor 69 day bills, $18 for sight
rafts. Money active at 67 per cent.
St. Louis' Nov. 19. Bank clearings to-dav,
$4,289,233; balances, $434,576: clearings this
week, $26,702,502: balances, $3,220,321; clearings
last week, $25,006,843; dealings lor corre
sponding week last year, $23.447,690; balances,
$2,009,361. Monev quiet at 7S per cent. Ex
change on Nev York 90c premium.
Memphis, Tesi.., Nov. 19. Now York ex
change selling at par. Clearances to-day,
$615,175; balances, $133,340.
Foreign Financial.
Losdoit, Nov. 19. Amount or bullion gono
into the Bank or England on balance to-day,
.25,000.
Paris, Nov. 19. Three per cent rentes, 9r
cs centimes tor tne account.
Week end'g "Week end'g
Items. Nov. 19. Nov. 12.
Real estate transfers.... 250 $847,201 227 $678 2fc
Building permits 47 235,510 44 7:1.183
Mortgages 93 27t,0S2 12U 22S.273
Purchase money mort
gages 61 312.318 80 253,801
B. & J,. A mortgages.. (13 92.712 35 78.U20
Mortgage payments 18U 392.3:4 Ml st7,24'
Judgments 181 II5.5T2 183 12S.2U9
Executions 73 97,?J0 47 71,217
HOG PRODUCTS ERRATIC.
A SAD BUSQL&B CAUGHT,
He Has Considerable Silverware and n 875
Overcoat With Him,
"William Jackson was taken, to jail yes
terday afternoon by policeman Charles Al
len, of the Eleventh ward, tor the burglary
ot B. S. Law's residence in Allegheny early
yesterday morning.
Officer Allen was standing at Bedford and
Elm streets early yesterday morning when,
Jackson came along carrying a package and
Allen asked him what he had in the packase,
and. Jackson started to run. A chase of eight
or nine squares was made before the fellow
was caught. Several pieces of silverware
were dropped along the route. The pack
age contained three or four sblid silver tea
sen and eight teaspoons. The overcoat was
worth (70.
Jackson entered Mr. Law's house by
using a jimmy, and it is thought that he is
a professional burglar.
They Sec-Savr Actively nnd Widely, hut
Close on Slight Changes Wheat and
Corn Easier Under the Influence of HI"
Becclpts In the Northwest.
Chicago, Nov. 19. Kaleidoscopic changes
and general excitement marked the trading
to-day in provisions. Bulges and slumps
succecueu eacn otner. causing a general iin
pression that tho hull clique was working
up sontlmentto slide out of their holdings.
Very little chnngo from yesterday's closing
prices resulted in the end. The wheat and
corn maikets were easier on heavy receipts
in tho Northwest and selling from there.
December wheat Is off Jc and May a sinco
yesterday. Corn is unchanged for Novem
ber nnd December, but about Jc lower for
May.
Tho provision market was the focus for
many of tho scalping crowd from the grain
pits, who found that hog products afforded
better opportunities than their usual spe
cialties. The market opened easier under
the Influence or rather heavior hog receipts
than had been looked for, but on John
Cndahy appearing as a ready bnjeror Jan
uary pork and lard thera was a snddon
change and pricu3 began to work upward
lapldly. On the call the leature was the
free soiling of Jannarv lard by Cudahv, who
disposed of about 4 009 tierces nt $8 so In such
lots as were wanted. Coiinsoltnan & Day
were good sellers of January ribs early in
the session. Tho operations or the bull
clique were confusing to the operators.
Cuuahy was at one timo '.a buyer and at an
other time a seller, while Wright was drop
ping chunks of product In the market every
time it became radically bullish.
While tho first sales of whe.it were at
about the closing figures or lust night, the
market at once turned weak und coutluued
so, closing about at the bottom lor the day.
The nrrivils in the Northwest were heavy,
havimr been nearly 2.000 cars tor two dm s.
and Minneapolis -was said to have gone off
ie yesteruny wmie communication with this
city and other markets was cut off. An
other reason for the woakness was the fact
that the bulk or the short interest coveted
yesterday. The exports for the week, as
reported by liradureel't, would have been
more encouraging perhaps had not the same
authority estimated the available eupply at
85,831,000 bushels. Leopold Bloom is said to
have dumped Ills holdings us soon as the
market oponed.
Ihe feature of the corn market was a de-i
mar.d for December corn, which infused
more spirit into the trades. .
There as hardly anything doing in oats
barely enough to cause a range 01 lie in the
price or the active future.
Freights steady with a fair demand for
vessel room nt 2e for wheat and 2c for
corn to Buffalo.
Cash quotations were as follows: Flour
slow; winter patents, $3 5003 90; winter
straights, $2 23J 40; spring pntenrs, $3 75
X"H:
wc:
oat
3 white,-32?i33sc; -No-2 rye, 49Jic; No. 3
barley, 67c; No. 3, f. o b., 446630: No. 4, f. o.
b.. 35057c: No. 1 flaxseed. 11 ID: nrlmn
timothy seed, $3 00. Mess pork, per barrel,
$13 00. Lard, per 100 pounds, $10 00: short
ribs sides (loo"e), $7 50; dry salted shoul
ders (boxed), $7 407 59: snort clear sides
(boxed), $7 BO08 00. Whiskey, distillers'
finished goods, per gallon, $1 15. Sugars
Cut loar, uncnanaei. Flour, continued
Spring straights, $2 733 50; bakers', $2 35
3 00. No. 3 com, 40?c.
Flour Receipts, 32,000 barrels: shipments,
19.000 barrels. Wheat Receipt.', U2.00Q
bushels; shipments. 250,000 bushels. Corn
Receipts, 109,000 bushels; shipment, 1C4.C00
bnshels. Oats Receipts, 224,000 bushels,
shipments; 155,000 bushels. Rye Receipts,
11,600 busnels; shipments, 9,000 Dushels. Bar
leyReceipt", 93,000 bushels; shipments,
135,000 bushels.
On the Produce Exchange to-day, trie
butter market was steady. Eggs slow;
fresh, 22K23c, less offering.
Range of the leading futures, furnished brjohn
M. Uaklry Sc Co.. bankers and brokers. No. 45
Sixth street:
articles.
Wheat.
Novemhsr.....
December. ....
January.......:
May
July
CORX.
XoTember......
December ,
January
May ,
July
Oats.
November......
December. ....,
January
May..
l'OKK.
November
December. .....
January
May
Lard.
November.
December.
January
May
Short ribs.
November......
January
May ,...
Opening.
73H
74
79V
73;s
41S
41
42U
r,y.
31X
"ioji
12 50
13(10
14 25
14 25
10 CO
9 15
8 65
855
7 45
7 39
7 47
High
est.
73
74
7DV
73J3
4214
42i,
42's
47X'
42 70
13 01
14 57
14 50
10 CO
920
8 90
8 70
7 45
7 45
755
Lowest,
725.
73(
79
:m
41 i
41
467,
MS
'"swi
12 50
12 70
14 07
14(0
990
8 90
8 65
845
7 37
7 22
735
Closing,
71 J,
72
73 x
79S
78
41
42
425
4
47H
32!
34
12 70
12 79
14 37
14 'Ji
9 90
909
8 82
855
7 37
7 37
7 47
Ciose.
Nv. 13
.72K
73
41 S
42
H
47 J.
39V
3li
32'
MM
!77
:80
14 .TO
14 37
990
9 00
8 73
862
7 20
7 37
7 50
Car receipts for to-day: Wheat. 130: corn, 207;
oats, 177. Estimates for to-morrow: Wheat, 145;
corn, 210; oats, 165.
AN UPWARD WHIRL.
New Torlt Stocks Advance on the Favora
ble Bank Statement and the Weakness
In Sterling Exchange The Trusts and
Specialties Most Prominent.
New York, Nov. 19. The railway and
miscellaneous share market was strong
throughout the day. The weakness of
sterling exchange has infused the btlls with
fresh courage, and they are now taking a
more decided stand against their oppo
nents. The fa 'orable bank statement also
had a stimulating effect. Business, how
ever, was only moderate, the total sales
footing up 81,745 -shares. The specially
strong stocks were Beading, American
Sugar, Louisville and Nashville, Burling
ton, National Cordage and United
Slates Rubber. Shorts in Beading
are showing traces of nervousness,
the court- proceedings not havlnglbeen en
tirely to their liking. Western Union sold at
9090 "ex," the scrip dividend or 10 per
cent. The grangers and trunk lines wore
'quiet and firm. National Cordage was in
better demand at 131V135.lf for the com
mon aud at lI5MQl5i lor the preferred.
The stock was higher on a reiteration of the
Tcport of a stock dividend. United States
Rubber common, which was yesterdny
listed at about 33, juifiped to 483. Some or
the insiders admit that they have been sup
plying the market on the way np, not ap
proving of the manipulation.. Sugar. Chi
cago Gas and Distilling und Cattle Feeding
wero among the noticeably strong stocks.
Lead declined a point, but left off with a
fractional gain for the day.
Among the specinltie?, Colorado Fuel rose
3; Toledo, Ann Arbor and North Michigan,
2; American Tobacco, preferred, "and
Colorado Coal 1 per cent. Ontario Mining
broke 5 to 16 and rallied to 17. The general
market closed stromr.
Railwny bonds wero firm except for the
Texas Pacific?, which declined to 79K79J
for the firsts and to 26J for the seccmd-.
Atchison, 2J4: Clasi A, sold at 57K37?
Houston and Texas General 4s rose 1 to 67f.
Toledo. St. Louis and Kansas City firsts. l$Q
to 85X- Reading issues were a traction
higher. The total sales were 615,000.
Government bonds closed as follows:
V. S.4s reg
do 4s coup
do4Ksreg
Pacific 6s of '93
l.ouls. stamrtcd 4s.
Missouri 6s 102.S,
Tenn. new set. 6s ...I01f
OO OO 3S...11U
do do 3s
Canada So. 2(1s...,
Cen. Pacific lsts .
Den. & B. G. lets.
Den. K. G. 4s..,
JTleJds
M. K. &T. Gcn.es. 81K
U4K M. K. T. Gen. Ss. 47
1144iMutuaI Union Cs ....log
ih;4'.. j. u. iih. uerl ..ill
107,4 Northern Pac. lsts ..lVi
hm no uo "as.,Ui!i
lortnwTn Consols ..137
Uo debentures 5s ..1UI
St.I...t I..M.GCM. os. KM
3t.f...t s. F.Uen. M.109
st. Paul Consols ....129
St. Paul. C..t P.lsts.lI7
Tex.P.UG. Tr. Rets 79J4
Tcx.P.It.O.Tr.Rcti. 2W4
union X'ac. lsts IV7
76 S,
.lUIJt
.108
.llaht
. 45'i
107
West :
Close In mining shares :
ihore .
.10JX
Cholor
Crown Point. ,
Con. Cat. & Va.t.. .
Deadwood ,
Gould & Curry....,
llale.t Norcross...
Homestake,
Mexican
.North Mart..
. 89!
. ion
325
. 101)
. 90
. 1-5
.rwo
. 1M!
. CM
Oplilr
Ply mouth
i?Ierra Nevada
standard
Union Con . ......
Yellow Jacket... ..
Iron Silver
(iulck Sliver
Oulck silver. Did..
Uulwer 19
, 239
. 50
, 139
140
. 135
. M
. 40
. 300
.1600
Ontario 15CC
tAsked.
The tola! sales of stocks to-day were 81,
700 shares. Including Atchison, 2,400; Colo
rado Coal and Iron, 2,800; Distillers, 10,600:
Louisvllle nnd Nashville. 3209: Lead, 4,700;
Reading, 5,900: RockJ Island, 3,300; St. Paul,
2,600; Sugar, 7,0Ui.
The following taMe shows the prices of active
stocks en the 2sew York Stock Exchange, cor
rected dallv for The Pittsmxrg Dispatch by
WlHTIfEY& Stephenson-, oldest Pittsburg mem
bers of New York Stock Exchange. 57 Fourth avenue:
raiguts, z 3Ja u: spring pntenrs, $3 75
014,. No. 2 spring wheat, 72c;No.3 spring,
;; Nn. 2 red, 72c; No. 2 corn, 4IJc: No. 3
t. 314c: No. 2 white, f. o. b., 33fce36c: No.
Am. Cotton Oil
Am. Cotton Oil pfil 2
Am. sugar ncig. u.
Ain. siig. itig .o.pa
Atcn. iop. s. jr..
Canadian PaclSc...
Canadt Southern...
Central of N . Jersey
Ueutral i-aciiic
Chc-saneake .(Ohio,
Chicago Gas Trust..
U., liur. j: vuincy
C, M. & -t. Paul...
C. Rock I. 1
C. St. P.. 31. &o...
C.Sr.P.M. &O..Dfd,
CV& Northwesteru..
C N.W. ptu
'.. C. V. & I
Col. Coal A Iron
Col. & H. Val
Del.. Lack. &. West,
lie. aware UudaOll
llf-n. .t Klolr
D.& IiloGran1e.pfn
D. x V. I. Trust....
K. T. V.i. & Ga
Illinois Central
Lake Krle x West..
Lake Erie X W.. pfd
L. S. & Mich. S
Louisville Nh...
-Michigan Central...
Sttssourl Pacllic...
Manhattan
National Cordage Co
Nat. C. Co., V'"
N'atloi.al Lead Co...
Nat. Lead C' . Pi..
New YorK Central..
N. Y.. C. & St. L-...
N.Y.,C'.ft-t.L..ltp
N.Y..C.iSt.L.. 2lp
N. Y.. L. E. X W..
N-.Y.,L.E.&W.,prd
N. Y. JCN. B
N. Y.. O. W
Norfolk & Western.
N. W.. pfd
North Amer. Co...
Northern Pacltlc...,
Northern rac .pfJ.
Ohio & Mississippi.
Pacific Mail
Phil. &p.eadluc
p.. :.. c. x st: l....
P., C..C. .tSt.L.pfd
j un. i ai. car ,
E.AW. P. T
R. A W. 'P. T.. pfd
St. Paul A Duluth..
Texas Paelflc.
Union Pacific!
Wabash '...
Wabash, pfd
Western Unlo". ...
Wheeling &L. E...
W. X L. .. pM....
It. & O
Open
Ing.
107
"ziYi
"57'i
23
9GV
8US
5W4
'iwii
C2&
4U
152
132J,
"bVi
C6
High
esc
132J4
71
IX
44 V
94
vh
6.1
41
20
SI'b
'3(&
'i'm
"9
49
a;
39H
90
20
C3'4
97
IOStfj
"37
23M
IM
102!
SJ
H.-'j
5JM
11654
"ci"
4J-j
152"
1.2
toy
Low.
est.
1U7J4
"37J,
57
'2.1
nn
821,
Ml
1I6J4
"62'i
4U
151 S
1323
MS
Clos
ing.
132"4
71,'
"59U
lid
135'
11 -it
!4
Jo
2I1J,
63
44 -i
2o;s
IJJi
"aiii
50
eix
"ox
9
39-i
'2S5;
63 V.
97V
71
"Ho"'
1Z'j
114
II)' j
41
94,'i
264
44J
13
51
3
"$4
m
39
'20"
6.1J1
97
Close
Nov
18.
M'DOXALD ADVANCED.
Its Production Increased From 20,500 te
21,500 Barrels A Good Producer South
west of SIstersvIIIe Butler County OrA
eratlons RnsenrPa "Well at TTlttmer
Station Is Dry.
There was an increase of 1,000 barrels
yesterday in the estimated output or tho
McDonald field. It went from 20,500 to 21,-
509.
The Woodland Oil Company's No. 2 Scott,
in the new southwest territory, is still mak
ing ,3 barrels an hour. They intended to
drill it deeper yesterday but wero prevented
owing to some difficulty with the casing
head.
Knox Bros. & Co.'s Scott No. 2 was not
drilled any deeper yesterday, and its pro
duction remains tbo same, 55 barrels an
hour.
The Devonian Oil Company got a goo'd
well yesterdnv on the F. R. Wells farm, a
mile south of Sisters villo. It is their No. 3
on this property, and last evening it was
reported to he flowing at the rate or ICO bar
rels a day. Tbey are sti.l drilling in tbo
sand.
The Devonian if drilling a number of
wells in the vicinity of McDonald. Their
Cubbage No. 2, which Is located southeast of
McDonald boroutrn and a short distanco
north of Venice, is down about 1,300 leet.
The No. Ion this larm, which was drilled
nearly n. year ago, made about a 60-barrel
well, and the Miller farm, which adjoins tho
Cubbage, produced a good fourth sand well,
which was developed by the Florence Oil
Company.
The Devonian Oil Compiny's No. 5 on the
McDonald Bros', farm is down 1,100 feet;
theirNo.5 Wettcngaie was due in the fifth,
sand Inst night, and their Elliott No. 10 U
down 709 feet.
Rosenri's well atWittmer station on the
P. & W. E. R. is through the third sand and
dry.
Butler Couuty Work.
ncfPERsosviLLE Carnthers, Peters & Co.
have their No. 1 on tho N. B. Duncan farm
pumping, and it is making 12 barrels per
hour. Their No. 2 on same farm is ten lees
in the 100-foot and showing equally as large
as No. 1. There are three moro wells due to
come in in this field next week.
Maiis Tho well on the llays farm, east of
Marj, has been pumping for three days. It
is Bumping through three-inch tubing;
plenty 01 water, but very llttlo oil as yet.
The Forest Oil Company's No. 3, Whitn-Ire
farm, is SO feet in the sand and showing for
25 barrels. Marshall. Burk & Johnston's
well on the Gillespie farm is 65 in the "and
and looking good. Boyd, Marshall & Cc's
No. 3, Joseph Douthett larm, is 15 leet iu the
sanu ami no on yet. iicspcnneiue uu com
pany's No. 2, Mrs. Marshall larm, started to
pumping at the rate of 15 barrels.
The Gauges Saturday.
The production of McDonald was 21,500
yesterday, 1,000 more than the day before;
Woodland Oil Company's No. 2 Scott, 75 per
hour; Knox & Co.'s No. 2 Scott, 55 per hour;
stock in field, 4;,0CO.
The runs from the Sistersville field were
15,015 barrels on Friday.
Runs and Shipments Friday.
The runs of the National Transit Company
were 27,354: shipments. 42 424: Southwest
runs from McDonald were 16,178; outside of
McDonald, 7,806; total. 24,041; Buckeye Pipe
Line runs from the Macksburg field, 6,730;
shipments not in; Bnckejoruns of Lima oil,
not in; shipments, 73,702 barrels;F.ureka Pipe
Line runs, 16,355: shipments, 1.SS7: Southern
Pipo Line shipments, 13,351; New YorK Tran
sit shipments. 26,555.
The Friday runs or the W. L. Mellon
lines were- 9,024 barrels: shipments, 6,650;
receipts from other lines, none; total re
ceipts, 9,024.
The runs of the Western and Atlantic
Pipe Lines on the 16th wero 2,732: on the 17th,
3 023, and on the lath, 3,160. The shipments
oa the 16 h wire 2,172; on tho 17th, 2,437, and
on tbo 16th, 725.
The Tidewater Pine Line runs on the 16th
were 5.8S0; total, G8.6C6: nverage, 4.038. Ship
ments, 23,559; total, 150,503; nveraue, 8,853.
The runs on Friday were 4,572: total, 73,173;
averago, 4,063. Shipments, none.
The Oil Marker.
Range or the December option: Opening,
51c: highest, 52Jc: lowest, 51Jc; closing,
52J4C
Refined oil New Tork,5.S0c; London, iV
4d: Antwerp. 13r.
OiLCrrr, Nov. 19. National Transit Cer
tificates opened. SIJjJc; highest, 52c: lowest,
51c; closed, 524c Sales, 5,000 barrels; clear
ance, 10 COO barrels.
New Youk; Nov. 19. Petroleum was
dull and neglected. Pennsylvania oil, spot
sales none; December options, sales none;
51Kc bid, 51a asked. Lima oil, sales none: ,.
17c bid. t
AN INDIAN TEIBAL IBEAIT
Taken From a White Oak Tree In Indiana
Which Had Been TelleiL
"Winamac, Isd., Xov. 19. Walter A.
Woodberry, Iivinz in the southern part of
this county, cut uown a white oak tree,
which, when split, revealed a neatly rolled
bundle containing a deer hide that had been
tanned by the Indians and covered with
their hyeroglyphics. Translation of the
characters indicates a treaty had been en
tered into between the Miami and Pottow
mac Indians in 178 L
The lormer, through their chief, Mishe
fcenoguah, ceded certain territory north of
the Wabash and west ot the Kankakee '
rivers to Aubbeeniabbee, the Pottowmao
chief.
KILLED BY JOLLIFICATIOIT
012
44'.
JC3
102
37 f
91 '4
571,
126
2S!i
23S
9B
1013,
"82)i
59
118K
iie;i
111
62
4U?s
274
i. 1 a
13.
17
bVi
W4
4
10314
214
!i
1.12 4
71!4
1074
S9K
129'f
1I5S
4.?
95
110
15Ji
73
32!
a-h'
44'4
31
10'S
aiH
Wi
IS'l
51?4
23
HW
5.
'.
611
197
40
9'
11
ZiH
'20H
CIS
9&
8
IWJl
Hill;
3751
90j
57
i:r,
rs
23
955,"
IU2S
80
82.'S
41 J,
uss
inij
141
62J1
39'4
:s
lillj
1.CJJ
IBS
544
One of the Two Victims a Fenniless Oil Man
Who Had Been Wealthy.
PARKERSBURG, Nov. 19. At a Demo
cratic jollification last night at Ellenboro,
W. Va., near here, a cannon was discharged
prematurely and Fred Jones was killed in
stantly. Fred Miner ran to help him and stepped
on the mortar as it went oik His right leg
was blown ofi and he will probably die.
Jones, who was 40 vears old, leaves 12
children destitute. He was worth 5100,000
in the oil excitement a few years ago.
Monday Snaps at Solomon & Ruben's.
We will place on sale to-morrow 150 good
ulsters which were made to sell at $201 IV
will sell them ac $15. They are extra long
cut, lined with all-wool plaid flannel. A
splendid and unmrtchable bargain.
1 goons tmuision
'ioii 9
59
139
115'i
45
op;
1 10',
1.V4
73
32k
SJS
Itl
4I
20
"43"
12'f
184
51 .
30
5,7a
M
CO
"i
S3
40
39
II
25--93
l'J
62
97
Ex-dlvldend,
Closing; Philadelphia Quotations.
' Bid. Asked.
Pennsylvania. iVi 53
Resiling 2715-18 28
Bnlfilo. N. Y. and Philadelphia.. 7 7)f
Lehigh Valley Sl',i SIM
Lclilg'i Navigation 53 6.1.K
Philadelphia, aud Erie 32 33
Northern Piclnc. common 18JJ 18
Northern Pacllic. preferred..'. 5!I4 5IJ
SICK HEADACHE-,,,,, I-tHe ww mv
SICK HEADACHK-crt,,,, uiUe Uret pM
SICK HEADACUE-Cartcr,, LUe Um rmjL
SICK XlEADACIJE-jaj,,.,.,, Utue LlTer Pills.
of cod-liver oil presents a
perfect food palatable,
j easy of assimilation, and
an appetizer; tnese are
everything to those who
are losing flesh and
strength; The combina
tion of pure cod-Hver oil,
the greatest of -all fat pro
ducing foods, with Hypo
phosphites, provides a re
markable agent for Quick
Flesh Bicilding in all ail
ments that are associated
with loss of flesh.
Prepared by Scott X Bowne. Chemist,
a ow xorlc Bold by an aiugsaim.
X5KOKI5KS FINANCIAL.
ESTAI1LLS1IED 1334.
John M. Oakley & Co.,
BASXEK3 AXD BKOKEE
45SIXTII ST.
Direct private wiro to New York and Chi
cago. Member New York, Chicago audPltSi
burs Exchanges.
Local seouritiet bought aud sold for casi
or carried on liberal margins.
Investments made at our discretion and
dividends paid quarterly.
Interest paid on balance (since) 1835.)
Honey to lean on call.
Information books on all markets mallei
on application. leT
Whitney & Stephenson;
cr Fourth Avenuev
iwnna. apgu
'i
im Jit r
iiim-s
tkt'i
arawiffl
Mr$XS&KZ!m
mmsmz
mJM