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THE PITTSBUEG DISPATCH, SUKDAY NOVEMBER 2T, 1892.
tt
MONEY AND STOCKS.
Revival of Gold Exports the Finan
cial Feature of the Week.
ANOTHER GOOD BANK STATEHENT.
Ceuns tnd Features of the Market for
Local Securities.
ALL THE LATEST FISAXCIAL KEWS
Saturday, Xor. 2a
Money has ruled fairly easy for the season
at all important points excepting Chicago,
end the testimony of all whose opinions are
entitled to consideration is to the ..-fleet that
there will be nothing like tight money dur
ing the remainder of the year, and that after
iNew Year's idle funds will begin to pile up.
The most important feature of the past week
has been the revival of gold exports. The
amount snipped this week was small, but
pold shipments at this season are so unusual
that the movement caused considerable un
easiness. In their weekly letter on stocks
and money Henry Clews & Co. say:
"The one thin about which Wall street is
more sensitive than any other is the export
etgold, and that movement seems to be re
turning UDon us. The foreign exchanges
point ominously in that direction. The ex
ports of home pro Suets are declining; no
important amount of bills, is being made
against exports ot securities; and Russia is
drawing gold irom Loudon nt a rate which
inclines the Bank of England to put the
screws on borrowers and. tne pidlock on its
Tsnits. These signs indicate the possibil
ity of our beiug subjected to a moderate
drain of pold. The importance ol this con
tingency lies in the fact that so many peo
ple exaggerate the importance of gold to
the extent of ma in it the foundation and
support of everything, whereas it is merely
the tool by which we conduct a small
portion ol oar business. Not on
this. account, however, is it the less likely
that the "vporr ol a lew millions of gold
might briua about a filing movement in
stocks. Clo-ciy 1 elated to this feeling stand
the proceedings of the Monetary Con er
encr, which liasulreadj opened Its proceed
Incs and is likely to occupv the interested
Stteniion of finnncieis the woild . ver for
probabiv six weeks or luo months, such
xpi essions of opinion as ha v reached us
IromEnnnie within .lie lat few das aie
certainly n'ot encouraging to an expectation
ot anv carlv iiiipurtaat advantages to lcsult
tram the confeience. 1 he .inly really com
jietcnt ouition o the question Iree coinage
anderaniigrreit'eui among several of the
ledm- nut on- 1 peiuap- novvueie hoped
lor exc-pt among a small enthusia-tic
rainoiitv: but there can be little doubt that,
it tlie con 'ei ence clo-es without leaving a
Aooethat its ntnk u.a bring about valua.
We alleviations at a later stage, the gati'er
tois. will prove t have only sei ved the pur
pose of in.iro distinctly revealing the dan
gers that liana aiound th" derangement be
tsrtentue metallic moneys.
New York Bank Statement.
Beaerves. increase 1 2,165,42;
larntih. decrease .. l.VCSOO
specie, decrease ...... LO.iIi.100
L, sai tenders, increase .....f. 4o.lJ0
iieposlta, tecra.c 172.900
t irenarUoi'. Increase ". 10.100
Amotral iKivel gal requirements.... .... 6,726,330
SanesUte last year 11, S3.; COO
Hie Three Davs Grace Question.
The action taken by the "tate ot Vermont
in legally aboii-bnig the custom of "three
43avs of grace" on dra'ts and time loans has
been a ma'ter ot c msiderable comment
eruo'irtlie Huston bankets, say the "Xes
Bnn-aa." Tuey are almost .unanimous in
newtng this action as a good one, and hope
fort- rmlnraction m Mas-achnetts Some,
boweer, think that to abolish theiniee
&iysoi grace on tmio loans would be too
radical uiiane. but tliat it might weil be
dime at first on sight dm t. An eflort was
madlast veai by -mie of tue J-adin bank
to liaiea nil! repoited ab disulng til
cutnm. but it did nut meet with success
iivtcci, the eCect oi Vermont's
Taet law inav bo conta ions and
there are mam Doston bihkeis who would
pladfv take vart in anv movement of this
fe.no Apronifc ent iankcashiersajs "Days
e traces! ol nnprac ical value to either
foot-tower oi iendei, and ate hardiy in keei
fBa vvitli tne-e pi ogressive times Iftheie
irei no inte est allowed it mlghtbeol some
ln-neut to i e boriowi r. ut such is not the
case- When t.,e lav vas lirst passed allon
taia'davso itrace it is nece-sar, becin-e
tlfii it -ometi'ie took as mucii as t iree
6yoaf er iho maiimty oi a note to deliver
ttie nin-y to the liori'-wer, hut now in these
advance fume wecan psy notes due in San
i ,citen in o o i ou . Undomitediy all o
tlie s at.-s ill cv-ntuully follow theuction
ol Vermont.'
LOCAL SECURITIES.
TraUlrtgon "Change Daring the Past Week
lU-Jldirs a Good Total D-spite the Holl
tlav Gains and Losses IVlostlj Fractional,
11 itli Use Former In a Majority.
The transactions on 'Caange lor the five
business day3 o! the week ending to-day ag
gregated T.,137 shares ol stock and 51,000
bands, gainst l,S12bhares ol stocks, 15,000
beads and ?10 wor.h ol scrip for the six
days o! last vvtek. Brokers have com
plained bitterly oi dullness, but the figures
draw that a lair average volume of busi
ness was completed at the regular daily
calls. T ere was also considerable office
trading uotablv m 1' & It traction, Paila
4eiihui, Air rake. El-c nc and sWucn an(j
6i ual. so that ttieienio'ia j was veiy little
TO"d giouud for complain- The market,
lowcTei.apucue I to I edul.erthan it leallj
ras Tile closing quotations to-dav. com
pared wit.i t o-c o i week ago show the
Joitowui:
tilnwiMlf
cha.iges
tne leading active
eiiarcb:
Asjnccj-Cttizens traction, J: La Soria
Hisiti Uoinpanv, Ic; Lu-tr Mining Com
poJiv, h- I limn S.mth and S go il tommon,
J: do reiertcd, : l B. traction, i
SierUnc l'hilauulpiiiacouipanv.i: Wheel
inn la-, Piei-an Vailev Italian. J; Da
sjuesne iia.ctIo:i. : Airbiake, 2C.
Street Itiilways.
Tho annual meeting of the Pittsburg and
Citizens traction cjinpauies (ailed to de
veloinnuch of anv thin.; to stimulate inter
csiin tncbtree. railwavgroup Very little of
wliattian-piredat t e meeting or the Pitts
burg Ir.c-ion to npany was permitted to
re ton tlie public, but it was stated that a
ejuopsis was read winch showed a
lew Miort m ,P00,0t)J pat.sei.gers cariied
Htm about $10jOU0 gross earnings The
nee'ingof toe Citizens Traction t ompany
was no. qaitesuch a stnrchamber ses.ionas
t. Pittsburg meeting was, for. besides per
u.iiting it good man j ofiicial figuiestoget
into the aewspapeis.aiesolution was passed
authoiizing tne reports read to be printed
ami sunt out to stockholders, which resolu
tion originated with and v. as pressd to
pu-sage bv .Mr. S S. Pinkt-tion. Mr. Pinker
toti i" a p.-ettv heavj stockholder, and is not
only in .v or oi turning on the light as lully
ns pos .o e, but is or tlie imnression that the
c mpinv should be a little more libera in
t'o" in. terol tie dividend late, Theie
jioiis iai at the meeting showed "that
the to"al nun her r pass ngers carried
1 ' Mslem for the vear was
,W''a, tlmt tno gross receipts" from pas-(-!!
. irafflc wete Slt712u4; other souices,
jloS!. vvnicii, nith the cash on hand 1J50,
7b ,, tniuie a grand total of STIJfUiO. The
io tl penning fxiensos wero shown to be
trwlW. a d the net earnings 7,S34 The
tn .e. ftn eo operating en en es to aioss
nr p - w is5133 lor 'he entire s;, stem and
21 lor the cable line. This latter was
q . tea tcve.dtion, as it tended-to disprove
k oit-iei eitt d assertion that electric lines
toulii be operated or loss than cable lines,
1 1 " last aniiu-il leportol tho Pleasant Val
lev i .ilway Ounpanj showed that the in r
e a re ot op''ratiiig expen-es tit i rims re
eei.its was S", while inquiries during the
p,-t few days developed the lact
-t it noi.e of the electric lines
v .i bring operated or anything like what.
tin t mrt'i.s caoie line us operateu ior
On in.' tin past year. It may be, as claimed,
i r tho ncraimg expenses oi electric lines
nr. - eaui being reduced owing to the lm-
ii v t.ients gradually being maue in equip-
iu i . it t at present it appears to cost less
' untie hie line than it docs an electric
' The figures piesented at the Citizens
itir. i-'ioued that the company earned
r -iv per cent on i.ts capital, but it must
icjien. bored that a good deal of money
" pent on improvements and extensions
it en n as charged to expense acconnt and
at I oat of fie earnings.
In the trading Inthls class o( stocks P. A
traction, Dnqnesne and Citizens tractions
ere most prominent. The formsr was
stronz throughout, Dnqnesne was rather
weak and Citizens, arter a little deollne, ad
vanced and closed at the highest of the
week on n Rood cain. The others wero cen
erally weak, Pleaant Valley closinic to-day
the rnkest member of the group.
borne ot the Pleasant Valley people are
pettinjr somewhat uneasy over the delay In
Anally closing up the deal In the Northslde
lines, and It was intimated to-day that if the
delay continued much longer a number of
them might grow disgruntled enough to
combine and place some formidable
obstacles in the way or the
deal. "If I knew or anything likely to pre
vent the deal, or ir the moguls would only
sav that tho scheme was off." rather sig
nificantly remarked a gentleman who has
favored and worked lor the consolidation all
along, "I would step in and load up with
Pleasant Vallev, as I regard it the best stock
of the two. I "have an idea, however, that
the directors of the two companies will tret
together during the coming week and
formally close up the deal and agree upon
its going into effect the first of January
next," ,
it " oiir! tlmt it costs more to stot) an eleo-
! trie car than it does to stop a cable car.
Few passengers who make it a habit of sU
naling the raotorman of an electric car have
any idea of Just what it oosts to stop a car.
Figures show that the oust of running a
lona car per mile averages 16 cents. At a
nine-mile rate we have a cost of 1M cent
per hour. This equals 2.1 cents per minute,
considering the average time lost at each
etootobeas low as U seconds, audit will
thus be seen that it costs Just 06cent for
every top made. With short 19-foot
cars, taking tho same average speed,
with the cost of operating per car
mil nt 12 cents, the cost per stop la
0 3 cent. On many roads there is no rule as
to stations, the cars stopping wherever it Is
necessary to take on passenger. With most
large cable systems, ho ever, cars stop only
at street crossings. It may not have been
the question of economv of lime that es
tablished this rule; but when it is con
sidered that the average nassenier takes no
trouble vvhatover to accommodate himself
tostieet car economy, electric laiiway man
agers should carefully consider Just what it
costs when car's are made to s.op every few
-.ar.ls, and should adopt some plan that will
save this waste without great inconvenience
to the public
Gas Shares.
Philadelphia Company continued weak,
closina at the lowest to-day. Wheeling Gas
was also weak, but the others were steady
to firm, notably Peoples Pipeage. Phillie
was weak, mainly because of reports of a
shortage of eas In certain sections of the
city. The company officials contended,
houevpr, that they had an abundance or
gas, and intimated that deicctive nouse and
sei v ce pipes, or some wrong easily righted,
was responsible lor ti.e icports. Indeed, an
instance ot the wrong re erred to by the
company camo under the writer's observa
tion during tne week. A gentleman living
in the Sixili ward ha i two grates fixed up
lor the burntogo gas in stoves. Both grates
were closed uo with sheet iron Ironts, and
connection with tne pipe inside the grate
and the stove was made with a rubber hose,
the supply In the stove being i ovulated by a
valve attached ihoieio. The supply in boih
stoves had been very meagerever since cold
weather set in, and the gentleman Joined
the contingent crying no gas Alter suffering
and berating the company awhile he con
cluded to call in a plumber and make a thor
ough examination before discarding cas
lor coal. Tne plumber soon discovered
whtitnas wiong. The gas had not been
fullv turned on mslde the grates when the
liontswere put in. Moral examine your
hdu-e pipes, valves, etc Theie continues
to be considerable talk to the effect that the
Piuhook field is steadily tailing, but the
Philadelphia Company's resources have
been quite seveiely tested this week and
they have appeared to be ample.
Industrials.
The decline in Airbrake has been the
leature o. the group. A few shares wero
pres-eJ for silo when support was laok
ing. and the decline followed. So far as can
be learned, Aubrake is all right and more
likely to advance in the nearfutnre than de
cline. The close to-day was lalrly firm at
lii asked, with repot t nf the sale of a small
lot ou the stieet at 13.. All the others
were steady to firm excepting Electric,
which mled lower at about S637.
Lustre Mining Company helu firm through
out on moderato purchases lor both the
long and short account.
Close of the Market,
Transactions at the last call of the week
to-day ere as folio ws:
OS CALL.
OOsha-es Philadelphia Company
losharcs l'lnladdptilaCompiny
40 shares I'nuadelplila Company
I5slta es Lustre Vilaing Company
10 shares Lustre Mining Company......
JOeharcs Lustre Mining f'ompany ,
It) share Lustre atlalag Company.
ax
9V
Sit
AFTEK CALX..
40 shares Phi adelphla Company.r 21
Total bales, 153 shares. Closing bids and
offeis:
bank stocks. Par. Bid. Asked.
Exchange National Bank 50 84,S
F.rsi National lOo .... ISO
Iron anu Glass Dollar Savings. 100 .... 175
Liberty National i3anc 100 110 ....
Mer. & Manuiactnrers N. Bit. 50 71s ....
Mononganela National Bank... ICO 13) ....
Odd Fellows' havings Bank.... 60 .... 72
Second National Bank K
INSUltAS.CE STOCKS.
Allemanula 60 .... 60
Armenia 100 .... 75
1 ltizens 50 32
lluinlioldt 50 .... 63
Mononganela .... 50 40 ....
estern Insurance Co 50 .... 40
NATLttAI. OAS STOCX3.
Kitt tuning Cora. Nat.Gaa.Co.. 50 10$
1'coie's Natural Gas and P.Co 25 .... 1514
Pe lisvlranlaGasCo 50 10 It
Philadelphia Co 50 II
Wheeling Gas Co 5J .... ISM
PASSO.GER K'T STOCKS.
CentralTractlon 5.1 X 30
Citizens Traction 50 C2H f3
Pittsburg Traction. ... 50 69
Pleasant Valley 25 2v$ 24
second Avenue 60 60 55
RAILROAD STOCKS,
Chartiers Railway 60 .... 65
I'ltlsliurg. Yoangst'n and A... 50 .... ,4SVf
Pittsburg and Castle Sh'n 50 ... 10
Pittsburg. Wheeling & Kj.... 50 .... 65
COAL STOCKS.
N. V. AC Gas Coal Co 50 80 61
BRIDGE STOCKS.
Hind street 69 .... 44
Northslde Bridge Co 50 . 50
j Union. ........f....... ........... 25 .... 16
MINING STOCKS.
La N'orta Mining Co..........
Luster Mining Co
25
,. 10
lSe
H
ELECTRIC LIGHT STOCKS.
Wcstlnghouse 50
MISCELLANEOUS STOCKS.
Mononganela Water Co t.
I'nlon switch and blgnalCo .
t'nlon s Itch and S. Co. pref.
t estinghouse Airbrake Co...
Sta'idaid Underground C Co.,
n, s.. Glass Comptnv, com ...,
U. b. Glass Company, pfd
3 ....
50 V'H 19V
50 SS AO'A
5J .... 1X1
100 - 75 76
100 65 C7K
100 .... 116
SPECIAL MARKET LETTERS.
The Situation In Local Securities Outlined
by a Brokerage House, and the Wall
Street Correspondent of a rittsburg
rirm Sends in the Usual Grist,
The following is A. J. Lawrence & Ca's
regular weekly letter
The market has rally Justified the observa
tion made last week, namely: "The indica
tions at present are that prices may go lower
before they advance,' and we are still of the
opinion then expressed that "our friends
will make money by keeping close watch on
the better class or securities and making
purchases on a scale down." Daring the
week we have been frequently asked
w nether, in this view of tho situation, It
would not be good policy to sell now and
buy in again at a lower level. In a.broader
maiket this course might prov profitable;
hut the fact' is our market is so
nariow that it is impossible to execute
otdeis with any degree or,satisfaction. An
example ol this was given Cry Citizens trac
tion. A block or the stock was pre-sing on
the market, and so long as it remained un
sold, buyers held alool. The moment It was
disposed ol, liowev er, the lact was devel
oped that theiewere numerous ordeis to
buy, and Uieie was an immediate and sub
stantial advance. Airbrake -s another ex
ample It has declined to 133. Two weeks
ago It was in excellent demand at ISi to 13H.
But the street got the impression that there
Plight be a consideiable "wad" yet to come
out, and is waiting to. see how low It can be
sold. The same tiling happened a month
ago. when the Drico declined to 126 on pres
sure to sell and rallied to 136 on compara
tively light buying. We cite these two in
stances to show that while values may go
lower, tbereSs no assurance that the seller
will be able to get his stock back at such a
concession as will make the operation worth
the tron'"le.
The. decline cf a dollar per share in Phila
delphia Gas was one or the prominent feat
ures ot the week. Of itself tne decline was
insignificant, hut It excited remark, first be
cause the stock is more widely distributed
than any other or our specialties, and sec
ond, because its course is supposed to indi
cate the condition of the natural gas busi
ness generally. We want to reiterate onr
opinion that Philadelphia Company Is
n surchase on Its present enormous set
earnings, and we venture tho prediction
that other developments la ths niw future
wllljustlfy this position. A year ago this
month, when the stock was quoted at HCjJ
and 12, we foreshadowed the resumption o?
dividends. We have no offloial authority
for tho statement now, bnt we believe that
lor the coming fiscal year the company will
increase the rate to 6 per cent, and on that
basis the stock will net 11 per cent on $25.
A word as to onr money maiket. Just now
the mills and factories ate running full, and
a resumption of operations in additional
departments of the Carnegie Steel Company
has taken place. This activity has increased
the demand for discount from manu
facturers who quite naturally have the call
over stockbrokers who frequently represent
more transient borrowers in securing ac
commodation at banks. This demand has
slightly and, we believe, temporarily, en
hanced the rate for money and there has
been sumo calling of S per cent funds to pnt
out at 6 per cent. This action has provoked
very drastic ciiticismfrom certain quarters,
but it is not at all general. In lact, the bank
officer who would neglect to charge the lull
legal rate when the conditions Justified it
would be very nroperly subject to criticism
on the part oi the stockholders whose
servant he is. From all we can learn there
will be ample tunils to meet all the wants of
business and early In the new year there
will be a more generous surplus ior the use
of stock dealers, ir, in the meantime, there
be any forced liquidations, it will be the
investor's opportunity to secure bargains.
Opinions From Wall Street,
J. S. Bache & Co. to Oakley & Co.i
"The most important item in speculation
this week has been the question of gold ex
DOTts; $600,000 in gol 1 were withdrawn from
the Treasury on Wednesday, but arter
weighing some or it was found to be light
weighted, and it was at first thought that
this would nostpone shipments for a little
time: but during the alternoon the exchange
market became strorger again, and the gold
was shippedby to-day's steamer. The fact
that we are shioping gold as the end or N'o-
vember naturally arouses a greataleal of ap
prehension, and the boars aie onthealeit,
mid doing all in tholr power to improve
their position in the market, and they have
been able to work nn finite a nervous :eel-
,Ing, and same has been reflected in the
stock; marker, it is useless to uweu upon
the causes which Jiave led to these ship
ments; the inci eased imports, the decrease
in tne money value or exports brought
about by the low price of grain, aie all Well
known. The gi eat trouble has been the in
security ieit on account oi tne silver uui,
and the chances now are that before the
year la over the bill v ill be i epealed.
"The silver conference, which is now on
in Brussels, is really ot no gieat impor
tance, as nothing w ill come of it; it was sim
ulv a matter of politeness on the nart of
other nations in accepting the invitation of
this countiy, and we think that when Con
gress meets in December the apparent all
ure oj the conference and the shipments of
gold will show to the people at Washington
the urgent need lor the repeal or the bill. It
Is, of couse, impossible to say how large th s
gold movement will be. Some bankurstell
u that it may reach ten millions, but this
will depend a -Teat deal on the movement
oi securities; besides, we think the imports
will tall off considerably, as people will buy
but sparingly on the other side until the
tariff policy ot the incoming administration
is well understood.
"The we.i kes t stock in our market has been
Beading. The investigations which are go
ing on now have shown conclusively that
thiscoiporationis a virtual monopoly and
lor this reason it may tare badly.
"The rise in cotton has improved the feel
ing in the South. From the advices reoeived
business has taken a very lavorable turn
down theie, and we think that, the uloom
which has been hanging over the South for
two or three years has atlast been lifted and
that the boom which the West has had ior
the last few years will now be confined to
the Southern part or this country. Iron is
improving anu prices are fiotn $2 to $3 better
than a month ago. We are bulls on tue South
and all Southern securities.
"The market to-uay was one of continuous
bear manipulation and it must be said that
they weie successful in dislodging some
stock; still, tho short Interest is so large that
we think a tally near at band. Thedld.stale
rumor about the severe illness or Mr. Gould
was attain Ireely cuculated, but found few
'lelieveis. The street is beatish and the
snort interest in the room and outside is
heavy. e there foie advise our Inends to
buy slocks for the rally."
Financial Notes.
Westinghouse Electrio second preferred
closed.at 37J asked and the scrip was quoted
at 9-K9i-
P. & ii. traction closed at 24 bid, Du
quesne traction at 27023 and P.,, A. & M.
traction at 4JU.
Mollis & Brown wero the sellers of Phillie
to-day and Sproul & Co., J. B. Barbour and
Fied Rinebart weie the buyois.
Kuhn Bros, sold Luster and Hill & Co,
bought.
In pietty well Informed circles it is said
the Pittsburg traction, Duquesne traction
and P. & B. traction companies will pay
dividends in January.
Tlie not earning ot Chicago Gas ror Octo
ber increa-el $51,000.
A Chicago distiller figures that the profits
or the Distillers' Trust on the basis or cu--rent
prices lor its products are at the rate or
$20,000 dailv. After the five distilleries re
cently put chased have been taken in bv the
rust eainmjs will increase, he spys, to$25,
090 a day. This is at the rate of over $9,000,
0t,0 per y nr. or considerably over 20 per
cent on the total capital stock ol too Dis
tilleis' company.
1 he directors orthe Jfew York. Lake Erie
and Western will meet next Tuesday to
take action on the dividend on the preferred
stock. Rumor has it that 3 per cent will be
distributed. The point is made, however,
that the Erie has spent a great deal of
money this j ear In preparations for World's
Fair traffic, and that on this account the
directors may resolve to pass the dividend
or declare n dividend less than the figure
men tinned above
Holders or the certificates or the National
Cordage Company, the value of whose stock
in the open market is now based on the pre
sumption that.the concern has an absolute
and lasting monopoly, cannot tail to con
template with alarm tberaptdgrowth of op
position, which must in time, by competi
tion, make serious inroads into the profits
available lor dividends. As is well known,
the company was organized on the "trust"
finnciple or destroying all competition, and
ess than a year ago the manipulators or tue
stock were pioclaiming to the world that
the trust would absolutely control the man
ulacture of every dollai's worth or coidnge
products, because arrangements h id been
made with the loreigii and Amoiican inan
ulaciutctsot machinery the result or which
would pievent outside people irom obtain
ing the required machinery lor new plants.
fcThe imports of specie at the porto; New
Tork lor the week ere $371 40S, against
$931,153 in 1891 and $353,158 in ,1830. Ot last
week's impoits, $312,196 was in gold and $53,
212 in silver.
At the sub-treasury it is stated that for the
present the apportionment or oiders ior
gold will be as follows: Double eagles, 45 per
cent; eagles, 15 per cent; half eagles, 4u per
cent. At the tiin.t of the last shipments the
Sropoitions urnished to shippers were:
onble eagles, 40 per cent; eagles, 40 per
cent; hnlfiagles, 20 per cent-
Ihe financial complications of tho Colum
bus, Lima and Milwaukee Railroad under
construction havo been settled by the sale
of the road. Reports differ as to the pur
chaser, the Baltimore and Ohio and John
Bockaleller being named.
MONETARY.
Discount rates have been quoted at Sg6
per cent all week in Pittsburg, with funds
in good supply and the demand somewhat
broader. io discrimination has been re
ported as yet, which is one of the first signs
here that money is tightening.
New York. Nov. 26. Money on call easy
at 4 per cent. Prime mercantile paper, 829.
Sterling exchange firm, with actual busi
ness at $4 85VX for 60-day bankers' bills, and
H S7K ror demand.
Boston, Nov. 26. Call loans, 45; time
loans, 56.
Clearing House Figures.
Pittsburg
Exchanges to-day.,
Balances to-dav. . . ..
,.t 2,701.007 80
344,270 IS
Same day last week:
Exchanges
Balances
J 637,817 43
470,630 81
Thefiguies for the past two weeks com
pare as follows: " " "
Exchanges this weec (5 days) 114,308,746 07
r.ilmcca tills week (5 days) 2,0.17.231 54
Exchanges last week.. t 15,!73.7uG 07
Balances last vvecg J. 2.537,709 3
For t le week or 1S91 corresponding with
this week the exchanges were $12,246,103 ST.
Total exchanges to date this year, $690,
547,820 51; samn time last j ear, $616,276,126 SO:
gam to date, $74,271,402 21.
New York, Nov. 16 Bank clearings, $188,
822,007; balances. $6,541,143. For the week,
clearings, $7&i,8b9,G;4; balances, $31,062,351
Boston. Nov. 2t Bank clearings, $17,.
393,409; balances, $2,339,298. Money, 3i per
cent. Exchange on New York, par to So
discount. For the week, exchanges, J90,SoO,
433: balances, $10,457 440.
Chicago, Nov. 26 Bank clearings to-day,
$17,721,116: for the week, $91,017,633: tor the
corresponding week last year, $83,432,332.
New Yore exehanse, 70 o premium. Money
firm at 67 per cent. Sterling exchange
qttiot; $4 8Sli 60-day bills; -H U for sight
drafts.
St. Louis, Nov. M Bank clearings to-day,
$4,708,888; balances, $504,740. Clearances this
week. $22,933,177: balances. $158.001. Corre.
sponding week last year, $10,788,780; balances.
mmtiw meamanf huu ,wna,
balances, $3,220,321. Money quiet at 8 per
cent. Exchange on NewYork, C0Q"5o pre
mium. Philadelphia, Nov. SB. Bank clearings
today, $12,750,680; balancev$l,810,901. For the
week, clearings, $66,952,183: balances, $10,137,
268. Money, 5 per cent. .
Baxttkorx, Nov. 26. Bank clearings, $2,
10S.741; balances, $432,99. Rate, 8 per cent.
New Orleans, Nov. 28. Clearings, $2,841,
77. New York Exchange, commercial, $1 50
per $1000 discount; bank par.
Foreign FlnanelaL
Paris, Not. 28. Three per cent rentes, 99r
67Jo ror the account. .
London, Nov. 26. Anrount of bullion with
drawn Irom the Bank or England on balance
to-day, JE21.000.
Berlin, Nov. 26 The statement or the Im
perial Bank of Germany shows an increase
in specie of 15,040,000 marks.
London, Nov. 26.-2 P. K. close Consols
money, and account, 979-16; : New York
Pennsylvania and Ohio lsts, 82J: Canadian
Pacific, 92: Erie, 26 2nds, 105$: Illinois
Central, 104&; Mexican ordinary, 2ZJJ.
$1,300 PER FRONT FOOT.
The Property 47 Liberty Street Sold for
Over 830,000 Another Large Business
Block Will Be Erected An Increase of
8100 Per Foot in a Few Weeks.
Saturday, Nov. 28.
The important transaction referred to in
this column yesterday as having been con
summated was the sale of the property Ko.
427 Liberty street, consisting of a .three
storybrick dwelling and a lot 23 feet 2
inches by 115 feet through to Exchange
alley, for $30, 170 S3, or about $1,300 per
loot front. The sale was, made by Black &
Baird for Mrs. Mary B. Foster,
and M easts. Laird & itay, the well
known shoe meichants, weie the pur
chasers. This property adjoins the piece
which was sold by the samefitmto Messts.
Chaddock & Owens a lew dnyibefote the
election for $1,200 per foot front," and is ex
actly similar to it in every lespect. There
lore, the iast sale shows an increase in
value or $100 per front root in that very short
space or time.
xnese two sales are very important,
mainly because two elegant business blocks
will be elected and occupied by the pui
cliasers. The building to be elected by
Laird & Ray will be a six-story warehouse,
and work will be commenced on it at once.
As has been mentioned in this column be
foie, the plans lor the Chaddock & Owens
building are completed and woik on their
new house will likely be started next week,
pioDably Monday.
A ileal Estate Exchange.
Bepresentatives of nearly every real
estate house in the city were present at a
meeting in the Chamber ol Commerce
rooms this afternoon to consider the ques
tion of organizing a Real Estate Exchange
on a substantial basis. Oue of the great
drawbacks to the leal estate business of
Pittsburg within recent years has been the
lack oi unity among those who do the woik,
petty Jealousies which moved them to pull
m diflerent directions when united action
would have been productive oi good
for all. But a change has come over
the leal estate men, as was demonstrated nt
to-day's gathering. There was a geneial
agi eement among those present as to the
necessity ior such an organization as that
ptoposed, and also as to the pieliuiiuaiies.
I'ue discussion was lull and comprehensive,
and about all the giound wo.k for the or
ganization was comple.ed. An adjourned
meeting will be held at the samo place on
Tuesday afteruoon at 2 o'clock to fiuish it
up.
Mr. Olin B. Rich, a prominent real
estate operator ot Buffalo, N. Y., and a
meinbei oi the national oigamzatiou, oame
to Pittsuurgexpiessly to attend this meet
ing, but was called home unexpectedly yes
teiday morning. He will return lor Tues
day's m etiug, however, and t-ive his aid in
periecting the organization. i
Current Gossip.
Tho sale or tho 12 acres ol land on Morning
side avenue rot $36,500, particulars or which
were published in this column on Thursday
last, was made by J. H. .Coleman & Co.. of
the East End, who sold the property lor W.
U. Lyne to diaries Scliwan.
The Fl th Avenue Market House is to be
sold. Mr. E. M. Blgelow, Chiet of the Depart
ment ol Public Works, having so decided.
Mr. Bigelow says he can setl the property
ror $100,000, and will iv e $30,000 ror the High
School site and $50,000 to the National
Guard.
Another large acreage deal on Perrysville
avenuelias been closed. J. C Alles, the real
estate bioker. to-dav purchased a tiact con
taining about 40 act es. The particulars or
the deal Mr. Aline refused to divulge, as it is
very likely that the property will again be
sold at a very nice ptufit.
Building Permits.
The following peimits were issued to-day:
J. M. Gaitside, two two-stoiy irame dwelling-,
Edwin street; cost, $5,200 lor both.
Jacob Killlan. a two-slory fratnp dwelling.
No. 12J Susquehanna "tioet: cost, $1,350.
John McLaughlin, a two-story frame dwel
ling, Bates street, near Wllmot street: cost,
$S00.
Reported by the Brokers.
Baxter, Thompson & Co. sold thiough the
agency of Garber & Co. lots Nos, 369, 370, 371,
372 and 373, Villa Park plan, Binshton sta
tion, being a total irontage or 250 teet on
Fiankstowp avenue by 180 .eet to a 20-root
alley, foi $4,000; also sold a lot 22x100 on west
side of Kirk patrick street. Thirteenth ward,
in Much place plan, to P. Cone for $300,
J. C Alles & Co. sold to Henry Ackerman
a lot 32x140 feet, situated on Stanton avenue,
for $3,200 cash.
Peter Shields sold in William Flinn's
Greenfield avenue plan, Twenty-third ward,
an eight-room Irame house with mansaid
and all modern conveniences, witn a lot S6r
90 feet to an alley, located on Greenfield ave
nue and Hoosac stieet, for $4 500.
S. A Dickie & Co. sold lot Dr. J.C Lemmer
two lots on Bennett stieet, each 33x135 leet,
lor $l,850;also sold tor Messrs. 'Melvln &
Smith to George A. .Morrow a lot on Kelly
street. 30xTi5 feet, ror $150
John K. Ewing Co. sold ror $2,600 cash,
the property on the corner or Pai k view av
enue and Lanark stieet. Twelfth ward, Alle
gheny, 'or George W. Rape, to Frederick W.
File, being a two-story irame liouto ol six
rooms, hall and attic, with a lot 175xlOO
feet.
Piper & Clark sold for Tlieo. Weiss to
Adam! M. Goodwin, two lots situated on
Hastings street. East End, each hiving a
frontage Oi ubout2feet, ior $1,200.
W. M. Pollock sold rot- Pro!. 1). A. McClen
ahan to Win. Neison lot No. 52 in the North
side Land Association plan, Avalon, front
ing 35 teet on Harrison avenue by a depth of
105 leet to a 15-Ioot alley, lor $150.
M. F. Hippie & Co. sold ror James Evans,
of McKeesport, to Harry T. Rose, .or $3 300, a
two storv trame dwelling, with a lot J0xl0J
leet, situate on the north side of Dearborn
street. Nineteenth ward: also, for H. E.
stefller to I. A. Dv e, for $b00 cash, a lot 20x100
feet, situate ou the south side of Adelaide
street. Thirteenth ward.
Moore & Kelly sold lor Zacharlah Poe to
Mis. Caroline Schade, a lot on Bennett
street' Brushton, having a irontage ot 60
feet and extending back 135 feet to an alley,
for $1,5 0; also sold rof Mrs. C. McFarran to
Frank H. Speer four lots in Homewood. ror
$3,00J: also, sold tor L. A. Hoke to C. Ffei
deost a lot near the city line, Brushton, for
$900.
A.' Z. Bvers Co. sold for Kobt. W. Bissell,
Esq., lot No. 117 in the Ma) field plan. Tenth
ward, Allegheny, fronting 10 leet on Perrys
vllle avenue and extending through 110 feet
to a 20 root alley, ror $1,100.
Reed B. Coyle & Co. sold for the Bellevne
Land Company five lots in their plan of
Sunnyside, Bellevue, being Nos. 117, 143, 149,
lSJaud 151, rrontlng250 feet on Orchard ave
nue by 160 leet deep to an alley, ror $3,750.
The purchaser contemplates improving the
property at once.
The Burn 11 and Kensington Improvement
Companies report the following sale of lots
at Kensimrton: Charles Colteryohn, Pitts
burg, lots 807. 808, 809, block 23. for $1,759 50
cash: lots 208 209, 210, block 26, ror $1,7T.) 50
cash; lots 79u, 791, 792, block 23, ror $1,759 50
cash: lots 69, 70,71.72,73 and 74, block6, or
$4,975 cash: John Litscbge, Pittsburg, lots 54,
55, 56, 57, 53, 59, block 7. Ior $1,973 c ish; John
Mcln-osh, .Pittsburg, lot 3'U, block 25, Ior
$732 9S: Lawrence Bryan, Allenpnrt. Pa., lot
72. block 14, Tor $722 50 cash; William G.
Helner, Kittanning, Pa,, lots 1184. 1185, 1186,
1187, 1188, U9, 1190, 1191, 1192, 1193, 1194. block
30, lor $6,806 25 cash; J. B. and Charles Heinz,
Pittsburg, lot 57, block 14, for $722 50.
The Week's Record,
The record for the week, compared with
that of the preceding week, shows a de
crease in all the items, both in number nnd
amount of money involved. One very en
couraging feature, however, is the fact that
mortgage payments are still keeping up," as
only a small decline in number and value is
witnessed this week. Following is the summary:
Wt end's- Week end'g
mats. ov. a. Nov. l.
Real estate transrm.... 178 $505, CM 250 $847,201
Building permit tl 150,173 47 285,810
Mortores. S3 183,834 St 278,911
PukHim money mort
gages 69 m.777 II IU.1IS
B. AL. A mortrares.. 46 74,033 $1 W.711
Mortgafte payment,.... 169 33a, on 110 $92,124
JcejtmtnU.L. .......... 1J4 $10. lK 14t,U3
BEARS IN CONTROL
.
Gold Exports and Talk of More Next Week
Help Them Depress Prices A Good
Bank Statement Checks the BeeUne and
Causes a Partial Recovery.
Hew Yobk, Nov. 26. The stock market,
as on several past days, was under the con
trol of the bear forces. Beading and New
England were the special objects of attack
and declined from 61 to 53X and from
i2 to 41i, respectively. The losses
otherwise were fractional. The ship
ment of $600,000 gold, and the talk
about additional exports' of the yel
low metal next week, were used with
some efieet against the market Rnmors
that Jay Gould was seriously ill also in
duced raids on certain stocks. Toward the
close a steady reeling prevailed, owing
chiefly to the favorable character or the
bank statement, nnd a p.utlal recovery
ensued. Tho net changes for the day in a
majority of railway shares were H?iPor
cent. The maiket closed steady.
Railway bonds were irregular. The sales
amounted to $414,000. Reading, Atohiion,
Green Bav and Oiegon Improvement issues
declined -i tol per cent.
Government bonds closed as follows:
U. S. 4s reg H4W
do 4s coup HI1!
Mutual Union 6s. ...110
N. J. O. Int. Cert...lU!
Northern Pac. lsts I18M
do do 2di..mx
Northwestern Con. .138
do deb 5s 103!i
St. L. & I. M.Gen 6s ffili
& L. JanF.Uen.M.100
St. I'aul Consols i29j
3t. P.. C. JtP. IStS. .118
T. P. L. G. Tr. Kcts 8t
r P. K. G. Tr. Rets 27
Union Pacific lsts..,107fc
West Shore 104
R. &G. Wr. 79
ao .sreg luuk)
PacilicOsor '95 107
Loiilsaua stamped 4s 94j
Missouri 6s lOia
lenn. new set 6s ;t-
do do 5s 101
do do .is 76
Canada So. Id 1017t
( cntral Pacific lsts.. IDS
Den.Jtlt. O. lsts.... 116
do do 4s 86
Erie 2ds 1C8!
M. K. if. Gen. r,s.. 81
do do 5s.. i7'4
Mining shares
closed as followsi
Crown Point
Con. Cal. and Va.
Deadwood
Gould and Curry..
lia e and Norcross,
llomestake
Mexican
90 iPlvmouth 60
255 siern evaaa lio
100 Standard 150
Union Con 110
Yellow Jacket 75
Iron Sliver 40
Quick Silver 200
Quick Silver pfd... .1000
Bulwer 10
1J0
I3t
. 15
.tejo
.iw
. 250
North btar...
Ontario
Ophlr
tAsked.
The total sales of stocks to-day were 179,
000 shares, including: Atchison, 8.310; Eiie,
3450; Louisville and Nashville, 2,800; Mis
soutl Pacific. 4.CO0: New England, 20,260;
Northern Pacific, preferred, 6,010; Reading,
51,700: St. Paul, 5,220; Union Pacific, 5,220;
Western Union, 2,272.
The following table shows the prices of active
stocks on the New York Stock Exchange, cor
rected dailv for the The Pittsburg Dispatch by
Whitney A Stephenson, oldest Pittsburg mem
bers ot New York Stock Exchange, 57 Fourth avenue:
Close
Open High Low- Clos- Nov.
Ing. est. est. Ing. 25.
Am. Cotton OH 43 43 42 42 42
Am. Cotton OIL prd. 81 81 81 80'i . 81
Am. Sugar Refg. Co 1U9H U0H 109 10 lOS'S
Am. Su.llifg.Co.pfd 102M 1K 1W! 102Vi 102!,
Atch. Top. 4. S. F.. X SBH 36 36' sRi
Canadian Pacific 89VJ fcOJt
Canada Southern.... 6t,H -56M 56H 56 66J4
1 inlralofN. Jersey 1M 126 Ml 12b 126Si
Chesapeake & Ohio. 2 75 '23 21'i 22J, ?li
Chit-ago Gas Trust.. 90S, SGX 96'1 9614 9tt!4
C.Bttr. i. Outlier... 89 100 99 99J. 99-U
C. M. S. St. Paul.... 78X 78 78 7SH 7SM
CM. St. Paul.pfd 121 UZH 12IH 121 122
C, Itockl. ft P '80V, 805, 80 80
C St. P. M. &0.... 4S$ 43,sj 43J 4S1 48
C.,s,t.P. M.ft()..pfd 118 1184
a ft Northwestern.. 11 W 115 115 1I5J4 116)4
C. & N. W.. pfd MH UZH 1KH 142 142
C O . C. ft 1 60t 605,'
Col. Coal ft Iron . .. 40M 40M 40 40) 1OH
Col ft Hocking Val. 271. 27'$ 27H 2;l
Del.. Lack, fttt est.. 151 15IK 151 150 131),
Del. S, udsou 131s 131
Den ft Rio Grande. 16 16 18 1, lolf
I). . It. Grande pfd. 52 62 il 51S 51 sj
Dis. ft C. F. Trust.. S7H 67W 67U 67 66
E. T. Va. ft G 4? 41 454 4m 4
Illinois Central 101 ', 101 ! 101 M 101 '4 101
Lake Erie ft Wist... aH IS 23V 231
Lake E. ft W. Pfd. . 76 75 76 755, 76
Lake Shore ft M. S.. 13Js ISOtf 130 129,31, 130K
Luulsvil eft Nash... 6H 701 t&H 70 M'i
Michigan Central 107 107k
Mobile ft Oulo 31 34 33
Missouri Pacific &7X 5i S!H 67M 67M
Manhattan 12'i 129
Nat, Cordage Co 133H 13SV 1375 137)4 l-H
Nat. Cord. Co. pfd.. 113h U!i U3X 1U! IWi
National Lead (o 41'4 44
Nat. Lean Co. pfd... 94 94 93f V3 91
New York Central.. 10911 lOHJf 10")), luo 110
N. Y. C. ft St. L 10 16 16, ISH 15f
N.Y.C.ftSt.L Istpld ." 73 72
N.Y.C.ftt L. 2d prd 32S 33
N. Y L. E. ftV.... 21 24'j 24V$ 245, 24
N.Y..L. E. ft W.pfd 57 577, 57 57 57),
A Y. ft N. E 42H 42', 41H 415, 42
N. Y., O. &W loH 18's 18N 18i im
Norfolk A Western I0S
Norfolk ft West, pfd SH 39S 39! 29!4 394
North American Co. 12)4 125, 12H 12i, 12M
Northern Pacific... 18 18" 17H 175 177,
Northern Pacific pfd 50 50! 49 60 60
Ohio ft Mississippi... 22 22 22 22 20
Pacific-Mall 2S 2S?$ M3, 28S 2S5$
Peo .Dee. ft Evans.. Wi 164 18's l&H 16)
Phlla. 4 Reading.... 54)4 545, 53H 53t, 54
P.. C. C. ft St. L j :os 20
Pullman Palace Car. r.... , 196 197
lllclunond ft W.P.I 81i 87 854 S 85i
R. &W. P. T. p'd 37 57
St. Paul ft Dulutll 40 40
St. Paul ft Dul. p'd lis 105
Texas Pacific 9
Union Pacific 377, 38)4 375, 39 377,
v abash 11 11
Wabash, prerd 244 21 215, 21S 245,
Wistern Union 67 875, 865) 87 86I
Wheeling ft L. E.... 21H 21)4 21)4 Wi 2IH
AMieilillgft I..E,p'd B21 63
Ualtimoreft Onio.... 96 98 95 955$ 9ti
B. ft O. Tru3t 1 93 944
Philadelphia Quotations.
Bid.
Pennsylvania 53H
Reading 28J
Buffalo. New York ft Philadelphia 7
Lehigh Valley 57
Lehigh .Navigation 52
Philadelphia and Eric 82
Northern Pacific common 1754"
Northern Pacific preferred.. M 60
Asked.
5.IM
27
1H
mm"
18
60H
Electrio Stocks.
Boston. Nov. 26. 8 .ecial. The closing
quotations of electric stocks to-day were:
Bid. Asked.
Boston Electric i.ignt
General Electric Company ,
General I.lectrlc Company, pfd'
Westinghouse, second ptd
Westinghouse, first pid ....,
Ft. Wayne Electric
Ft, Wayne Electric (A) ,
T.-H. Tr. (D) r,
T.-H.Eu. Lice. Weld
115
118
110
117
35
49
13
1R-V
60
13)i
Boston Stocks Closing Prices.
Atchison ftTopeka. 36! Franklin
Boston ft Albany.. ..204(6 Keirsargs
Boston ft .Maine 170 4 Osceola ,
CM. Bur. ft Qulncv. 9154 Qulncy ,
FitchhurgK. R. pid. t6 Sanla Fe Copper...,
i" lntft fereSI. pid. 65 Tamarack
Mexican Cen. com.. HW Anniston Land Co..,
N. Y.ft N. England. 419 West End Land Co..
Old Colony 1804 Bell lelephone
Wis. Central com... lo 1, vnson stores
AllouezMI11.Co.11ew 90 Water Power
Atlantic 11)4 Centennial Mining,,
Boston ft Mont 35 N. K TTAT. .
Calumet ftllecla....295 fll. ft B. Copper.
. 145,
, 13
, 385,
.141
, 5
164
, 25
. 18X
209
, 154
Vi
St,
68
115f
DROOPING PRICES
Mark the Close, of the Week's Trading on
the Chicago Board.
Chicago, III, Nov. 26. Drooping prices
marked the close of the week. To-night,
compared with last, wheat is Ktc lower
and corn about 14 c, while provisions within
half an hour or the close dropped a gain
they had secured earlier.
There was a little firmness in wheat at the
start, due largely to brisk buying, but onM
tho advance the selling became liberal, and
there being little bullish news to support
the market, the price gradually fell off. The
receipts in the Northwest were, generous,
and Prime reported the condition of the
winter wheat as satisfactory. Tho offerings
or December were unnsually heavy, and did
ranch to cause the weaknesses the discount
On May was at one time neatly 7 cents.
C hanging December to May was carried on
very extensively. The exports from both
coa-ts eie again liberal, amounting to
3,465,000 bushels, again -t 3,911,000 bushels the
pievlous week and 1 4,082,000 bushels lor the
corresponding week laBt year. Thb avail
able stocks In the United States and Canada
were reported at 101,000,000. It was esti
mated that the visible supply would show
an inciease ot about 1,000,000 to 1,500,000
bushels.
Initial trades in corn were at about yes
terday s final figures, bnt it soon sold off a
influenced some by the action or wheat.
At the decline the demand improved and
the car lots for Monday coming in light at
125 cars, prices reacted, recovering the early
break, ohaugnd but little, ruled easy and
closedjibout o lower.
In oats theie was a little changing from
December to January at 1c and to May at 5o.
Prices lSad Jc rangi and the close was easy
at y,c decline 11 om yesterdayi
Pi o visions showed decided stiength for a
time.. A rise of 1 shilling in lard in the
Liverpool market started prices np here ror
that staple, and the entire market responded
to a local ad van oe of 5c per 100 pounds in
hogs. During the latter part of tne session
S rices declined on larger offerings and a re
uoed demand. The estimated hog supply
ror the ooming week favor only moderate
offerings, in marked contrast with the
enormous Tecelpti for the corresponding
weekofl89L
Freights were slow with vary little vessel
room offered. Bates were fins, 8e being
oald for corn to Buffalo.
1 lata tawMu.
.'vara m mumwm
dull; winter patents, $3 503 90; winter
straights, $3203 40; spring patents, $3 75
04 10; spring mrai 'hts, $2 753 50. No. a
spring wheat, 71J72c: No. 3 spring wheat,
6267c:No.Sred,71a72o: No. 2 corn, 42JiC(
No. 8, 41c; No. 2 oats, SIVc: No. 2 white, 35c;
No. 3 white, 3334Kc; No. 2 rye. 49c:
No. 3 barley, 67c: No. A t. o. h.. 156Sc; No. 4
L a b.. 3555c; No. 1 flaxseed, $1 08I 08;
prime timothy peed, $1 93: mess pork, perhbl,
$13 00; lard, per 100 lbs. $9 2509 30: short ribs
sides, loose, $7 40Q7 CO; dry salted shoulders,
boxed, $7 257 37Jft short clear sides, boxed,
$3 058 10: wnisky. distillers' finished goods,
pergallon, $1 15; sugars, unchanged.
Receipts Flodr,32 OOObarrels: wheat, 109,000
hnshels; corn, 75,(00 bushels; oats, 175 000
bushels: rye, 12,000 bushels; barley, 97,000
bushols.
Shipments Flour, 11.000 barrels: wheat,
41.000 bushels: corn, 35 000 bu-hels; oats,
128,000 bushels; rye, 8,000; barley. 52.000
bushels.
On the Prodnce Exchange, to-day. the
butter mat ket was easier; creamery, 2029c:
dairy, 1827c. Egs firm for strictly fiesh:
strictly iresb, 22K23c.
Range of the leading features, mrnlihedbyjohn
M. Oakley A Co., bankers and brokers. No. 45
Sixth street: t
Open- High- Low- Clos- Close.
Articles. Ing. est. est. ing. Nv.25
WnBAT.
November : TIH 72
December 72X 725, 71 72 72
January 73X 735,
May 79 79 78 78'J 79
July 78 78)4 78 78), 78S
CORN.
November. 42H 425$ 42'i iZM 42H
December. 42 42i 42), 2!4 42,
January 43 431, 41H 41' 43s,
May 475 I7si 47U 4754 47
July 47 477, 47? 477, 48
OATS.
November. 3011 31
December 31) 3154 "J 3'X ai4
January 32'4 32,
May 36X 3C?i 36 26 MS
POBK.
November. 13 00 12 85
December 12 95 13 02 129S .13 00 12 85
January 14 65 14 72 14 52 14 55 14 57
May 14 70 14 85 14 67 14 67 14 67
I.ARD.
November. 9 40 940 980 930 940
December 860 890 880 S80 890
Jinuary 8 82 885 872 8 72 880
May 8 62 .8 C7 8 57 8 60 8 60
Short Bins.
November. 730 730 730 730 750
January 7 52 7 60 7 62 7 82 7 55
tMay 7 62 7 70 7 61 7 62 7 65
Car receipts for to-day: Wheat, 239: corn, M0:
oats. 277.. Estimates for to-morrow: Wheat, 135:
corn, 125; oats, 130.
OIL FIELD DEVELOPMEiNTS.
The Woodland Oil Company's No. 3 Scott
Doing 85 Barrels an Hour Two Gordon
Sanders Near Friinrose Big Gasser In
Forward Township.
There were a number of quiet develop
ments in the lower oil fields yesterday, but
nothing of a startling character.
The Woodland Oil Company drilled Us
No. 2 on the Scott property for 20 minutes
in, the morning, and for three hours after
ward it- averaged 85 barrels an hour. The
first hour after being agitated it put out 96
barrels. This is considered to be about the
limit or its output, as 20 minutes' steady
drilling when It is well in the sand should
bring out its greatest possibilities.
Knox Bios. & Co 's well, on the Scott, was
reported to be making 40 barrels an hour.
The Wheeling Gas company's No. 2, on the
Kelso Tarni, which is Incited only a few hun
dred feet east of tho Knox Bros.-well, was
near tho top of the sand last evening, but
they did not expect to get it drilled in be
fore to-morrow.
There wero a couple of little Gordon sand
wells developed yesterday near Primrose,
two mile west of McDonald. They both be
long to Smith & o. The No. 1 on the Mc
Burney property is good for 60 barrels a day,
and No. 1 on the Deblnnder is in the sand and
will makeabontan 80-bnrrel well.
Greenlee & Hartman's No. 2 on the Potter
farm, south or the Meise pool, was reported
to be in the fifth sand two bits with he
bole standing lull ot oil.
Some Wells Dne To-Morrow. .
Jennings & Co.'s No. 1 Sproul, near Oak
dale, should be in the firth sand to-morrow,
but their No. 10 Bell will not get the pay for
a conplo of weeks at least.
Tho Foiest Oil Compiny's No. 3, on the
Sturacon farm, just cast of Oakdalp, was on
top or the flth sand last night. They will
drill it In to-morrow. Their No. 2, on the
Stirling tartn, is drilling in the fourth sand.
J. M. Guffey & Co. have just finished put
ting the last casing into their No. 0 on the
Shane larin. which is located in tne lower
end or the Melso district.
Tlie Foiest Oil Company is only 19 feotin
the firth sand in its well on the A. P. Clever
larin. in the eastern McCuidv pool. They
have encountered very hard drilling and
have made only six reet in about as many
days. Iheir No. 10 on the W. C. Jlerrun
faim, notth or Noblestown, is. down 1,400
feet.
. Greenloe & Forst will drill In their No. 1
on the Rough faim at Chartiers to-morrow.
Their No. I is just through the 100-foot.
Getting New Work Started.
Down around the big Scott farm wells,
southwest of McDonald, the now work
which wn3 decided upon as a result of these
wells Is iust being started.
Knox Bios. & uo.' commenced to spud yes
terday in their No. 3 on the Scott farm.
The Woodland Oil Company had rigs up
lor Nos 3 and 4 on its Scott lease, but 5 ester
day thev were taking down No. 4 nnd mov
ing it to the Berry larm, which joins Knox
Bros. lc Co.'s Scott lease on the south and
west. It also adjoins the Geoige farm, on
which the Wheeling Gas Company has
started to spud, and the Reed larm, on
which a well was drilled about a year ago,
joins it on the south and west. The Wood
land will be spudding in its No. 3 Scott to
morrow. A Tremendous Gas WelL
John A. Snee struclfan enormous gas well
Thanksgiving morning on the Brls Wall
farm in Forward township, Allegheny
county, and one mile from Mononganela
City. He tapped the voin at 2,760 reet and
the pro-sure is so great that no attempt has
yet been made to guage it or get it under
control. The roar ot the escaping gas
can be heaid a great distance and
many claim that it is a bigger gasser than
the ramous Hone farm well, which was
struck a few months ago in this territory,
but has since then been almost exhausted.
The arnegie Company will get the gas from
the Wall well. The Philadelphia Company
is also drilling on the Wall rami.
The Gauges Yesterday.
The production of McDonald was 19,500
yesterday, the same as the day before;
Woodland Oil Company's No. 2 Scott 85 per
hour; Knox&CosNo. 2 Scott, 40 per hour;
stock in field, 46,000.
Theiuns ftom the Slstersville field were
12,973 barrels on Tnday.
Buns and Shipments Friday.
The runs or the National Transit Company
weie 29,225; shipments, 22,759; Southwest
runs from McDouald were 13,6-6; outside of
McDonald, 7,608; total, 21,293; Buckeye Pipe
"Line iuiis fiom the Macksburg field, 5,059;
shipments, 333; Buckeye runs ol Lima oil,
not in: shipments, 66,221; Euieka Pipe Line
runs, 15,001; shipments, not in; Southern Pipe
Line snipineuts, 14,580; New York Transit
shipments, 43,307.
The runs of the Western and Atlantic
Pipe Lines on Friday weie 4,190. The ship
ments were 4,595.
Tue Fiiday inns of the W. L. Mellon lines
were 7,518 banels; shipments, 7,588; receipts
ftom other lines, none; total receipts, 7,518.
The runs of the Tidewater Pipe Line on
Wednesday were 5,072; on Thursday, 2,238;
total, 96,331: average, 4.016. Shipments, 26.C82;
total, 205,3o3: average, 8,557.
The Tidewater runs Friday were 4,159;
total for the month, 100,840; dally aveiage,
4,031.
The OU market. -
Range of the December option: Oponln g,
52KL" highest, 52Jc; lowest, 51Kc; closing,
SlMc.
Refined oil Now York, 5.70c; London, ii
4d: Antwerp, 13f.
OILC1TV, Nov. 26. National Tinnsit certifi
cates opened at 52Jc; highest, 52c; lowe-t,
6134c: closed, 51c. aulos, 15,000 ban els; clear-ant-tia
131,(i0ubariels;shlpmeuts,115,2'23barrels;
ruus, 87,0t9 barrels.
Rare old and very fine rye whisky at Max
Klein's. -
Four-flt linen oollars and cuffs, 2100 fine,
go to-morrow at 7 cents for coll air, 11 cens
lor CUffS. SAI.LER,
Corner Stnithfleld and Diamond streets.
Brass Iront.
Perfect action and pen Set health result
rom the use oi Do Witt's Little Early Risers.
A perfect little pilL Very small; very sure
When Baby was sick, we gave her Castoria.
When she was a Child, she cried for Castoria,
When she became Miss, she clung to Castoria.
When she had Children, she gave them Castoria
The movement to secure the National En
campment of 1894 for Pittsburg was given a
good start at the special meeting of the
Grand Army Day Committee In Municipal
Hali yesterday afternoon. After the roll
call of the posts, which showed a large ma
jority in lavor of trying to bring the en
campment here, the comrades discussed the
matter thoroughly. The tenor or the re
marks was that an earnest effort should be
made to interest tho citizens or Pltt3burg
and vicinity in ihe project.
Comrade H. H. Bengnugn moved that a
committee ot five1 be appointed to draft a
plan or procedure to secure the interest of
the citizens or Fittsbnrg in bringing the
encampment or 1894 to this city. The motion
was adopted. Chairman McFarland or the
General Committee will be the chairman of
this committee. It was shown at the meet
ing that not 'less than $1,000,000 wonld oe
brought into the city by tho host that would
be drawn by the encampment.
The matter will bo presented to the
citizens in some effective way and the result
will detent ine whether ornot tho invitation
will be given to the encampment. Fifteen
posts were repiescnted at yesterday's meet
ing. The committee adjourned to meet at
the call of the chair.
Old Thirteenth, Attention!
At tho reunion of the One Hundred and
Second Regiment, Pennsylvania Volunteers,
held in Allegheny City, August 17 last, the
original flag of the old Thirteenth Regi
ment was presented to the association by
Mr. Stuart, now or L03 Angeles, CaL, and a
son or the late Chaplain Stuart,
or the old Thirteenth and One Hun
dred and Second Regiments, who has
been Its custodian since the close of the war.
As quite a number or the members of this
regiment are comrades of Colonel John W.
Patterson Post No. 151 by resolution the flag
was given into the care of the post ror sale
keeping. The trustees were instructed to
get a proper case ror is, so that its tattered
folds might be seen to the best advantage.
That work is now complete. In order to
show the surviving comrades of the old
Thirteenth who reside in this vicinity the
pride the post takes in being the custodian
of this war worn relic, they Invite them to
visit iheir hall next Wednesday evening at
8 o'clock, when an informal reception will
be held in honor of the survivors of the reg
iment. The Andersonvlllo Stockade.
The proposition for the purohase of the
Andersonvlllo stockade was disposed of by
the Executive Committee of the National
Ccncll or Administration in Indianapolis.
It was resolved to not accent the proposi
tion. The malutenanco or the stockade
wonld probably havo cost the Grand Army
$10,000 per year. This is an indorsement or
the action or the Pennsylvania Department
at its encampment In Pittsburg last Febru
ary, when it wns decided to oppose the An
dersonvllle stookade proposition.
Another result or the Indiana meeting,
which will be heard with pleasure by the
comaades, is that the Grant cottage at Mt.
McGiegor has been taken off the hands of
the national oignnization by New York par
ties, and the heavy expense or its mainte
nance will no longer fall upon the Grand
Army.
An important New Itnle.
An important new rule was adopted at
the meeting or the Executive Committee or
the National Council or- Administration in
Indianapolis. It was decided that all appli
cations ror free quarters during the National
Encampment must he made through the
department adjutant- generals. By this
met hod an official record of the location of
each man will be kept, which will be of
valtio in many ways.
National headquarters will be in the Den
nlston House in Indianapolis during the
encampment. Pennsylvania's headquarters
will be in the same hotel.
Soldiers' Orphans' Schools.
The Soldiers' Orphans' School Commission
of Pennsylvania will hold an important
meeting in Harrisburg December 15. At
that time a report will be made by the sub
committee sent to visit manual training
schools in Missouri, Indiana, Illinois, Ohio,
Massachusetts and NewYork. The report
will embody tho ideas or the sub-commltteo
gained thiough the-e visits us they might
be applied to the orphan schools 01 Penn
sylvania, It is the intention to continue
the soldiers' orphans' schools for the benefit
o all orphans, whether children or soldiers
ornot, tne prelerence being given to those
whose lathers were soldiers.
The Department Encampment.
Expected opposition to the candidacy of
Comrade Thomas G. Sample, of Post 128, for
Department Commander, has not yet ma
terialized, and there will likely be none.
Colonol Gelse, or Lebanon, is prominently
mentioned lor Senior Vice Department
Commander, and Comrade Calvin, of Hunt
ingdon county, has a first-class chance for
being the next Junior Vice Department
Commander.
The time of the Department Encampment
has been postponed till February 28 to
March inclusive on account or local reasons
at Lebanon.
"Post Elections.
Elections will De held this week as follows:
By Post 157, Thnrsday night: Post9 155, 238
and 206 Friday night, and Posts 128, 162 and
480, Saturday night.
Post Gossip.
Post 88 will nominate officers next Tues
day night.
Nominations will he In order in Post's to
morrow night.
Comrade Washington Dowttet, of Post 206,
wa3 laid to rest Friday.
Past Commander Gerwio was a visitor of
Post 88 Tuesday evening. '
Dr. David B. Sturgeon was mustered into
Post 3 last Monday evening.
Tost 83 had one reinstatement and two
propositions last Tuesday evening.
Post 157 did not meet last Thnrsday, tho
members being too busy eating turkey.
Comrade W. A. Caut-beli, of Post 88, is
qnlie low, but shows wondenul vitality.
At Post 3's meetirg Monday night. Com
rade Poerstol was reported still confined to
hed-
Post206 hail an enjoyable time on Thanks
giving Day. The dinner aud entertainment
were a grand success.
Nominations were made last week by Post
151 Tuesday nlcht. Posts 123. 1C2 and 4S0 last
'nlglir. Post 206 Friday night and Post 213
Tuesday num.
Ameetino of the Washington Infantry
Veteran Corps will be held tt the Washing
ton Infantrv ArmorynextTuesdavcvening.
Special business 01 importance is 011 the
tapis.
Memorial services will be held by Post 162
Situr 'ay evening, December 17, in memory
of the comrades who have died In the pa-it
year. The exercises will take place in the
post room beginning at 7.30 o'clock.
The comrades and friends of General J. B.
SweitzerPost, No. 4S0, may count on a very
enjoyable time at the first annnal reception
of the post, in Turner Hall, Butler street,
near Forty-seventh, Thursday evening, De
cember 15.
Post 88 bad quite an Interesting meeting
Tuesday night. A number of the enmradr s
discussed the question of membership in
the G. A. R., qualifications necessary to the
privilege and the obligations resting on
membeis.
The relier fund of Colonel William IL
Moody W. R. C., No. 23, will be netted a
very satisfactory snm by the dramatic, mu
sical ana literary entertainment given in
Grand Army Hall, Mt. Washington, Thurs
day and Friday evenings. Comrade C. B,
Shapler as Sen Bolt distinguished himself,
and the balance of the cast did very welh
Dr. Simpson, Miss Julia Gardner, Miss Alice
Xober and Mr. Johnson ana his Jubilee ling
era participated In a very enjoyablt musical
and literary programme.
The members of Chapman Circle. Ladles
of G. AB-, held a surprise party on tbelf
Presldont, Mrs. M. J. Turner, at her home,
271 Lacock street, Tuesday evening. Mrs.
Turner had been Invited to a neighbor's
house on a pretense of business. In her ab
sence about 60 members or her circle tooK
possession or her home. Mrs. Turner was
presented with a hnndsome design or was
fl.jwers the shape ora star, with ths Inscrip
tion "L. or G. A. R." in the center. The
large company present had a very enjoyable
evening.
SECRET SOCIETY NOTES.
Improved Order Heptasophs.
There will be no assessment next month.
The ertertainment given by J. K. Moor
head Conclave Thanksgiving Eve was large
ly attended.
Nine assessments in 1E91 and ten assess.
ments Ior 189-2 is a record unequaled by any
slstororganization. .
Supreme Archon 9. A. Will returned ye.
ter ay Irom Washington. D. C, where he
had been attending the annual mooting of
the Fraternal Congress.
J. K. Moor head Conclave will give its an.
nual entertainment next Wednesday even,
ing at Central Turner Hall, Forbes trees.
A larg number Is expected
Invitations are extended to all Hspta
sophs to the fourth anniversary of Sharps
burg Conclave No. 87 at Forsalth Hall,
Sbarpsburg, Monday, November 23.
The supreme officers visiting Pittsburg
will be at the Duquesne Hotel Thursday
atternoon from 4 to 6 o'clock, and will bs
glad to shake bands with Hep callers.
Supreme Treasurer Gnstavus Brown. 8o
preme Organizer John W.Cruettand Brother
F. P. Thomas, or Baltimore, will be in the
city Thursday and Friday. A banquet will
be tendered them Thursday night,
Thangsgiving Day, 1892, wijl long be re
membered by the Heptasophs or Allegheny
county as a day well spent. Supreme Organ
izer John W. Cruetr, Supreme Treasurer
Gust.ivus Biowu, Supreme Secretary Dr..
Edwin Enreckson and J. F. Thomas, pub
lisher of the Adroctte, arrived in the city
Thanksgiving morning. They were met by
a delegation ot Heptasophs and escorted to
the Duquesne Hotel, where during the day
most 01 the prominentmembersof the order
called on them. In the evening a banquet
was tendored them in the large cafe of thp
hotel. Addresses were made by tho visiting
brothers and by the members from this city
and McKeesport.
The Orders at Braddock.
Goddess of Liberty Council, Daughters of
Liberty, or Braddock, held a very interest
ing meeting on Monday evening. Deputy
National Councilor Bell, of Turtle Creek,
headed a party of 25 members from Maria
Frazier Council, of Tnrtle Creek, that at
tended. Two candidates were admitted.
Mononganela Council No. 123, Jr. O. D. A.
M., of Binddnck, tho oldest council in the
Monongahela Valley, is beginning to infuse
new life into its meetings and is having a
largely Increased attendance each meeting
night.' Tuesday evening an Initiating corps
was oriranizid in the lodge with the follow
in.r officers: Junior Past Councilor, David.
McKIm: Councilor, W. N. Wilson: Vice
Councillor, H. E. Guiuio; Warden, M. F.
Michael; Conductor.Joe L. Campbell; Senti
nel, Cal Hntzen; Captain, W. J. Vance; Cor
poral, Harry H. Bair. The guard is made up
ot John W. Hanna.Joseph Phillips, William
Elkins, John Harrison, Robert C Hunter,
W. 3. Reed, Robert McKIm, G. C. Kllno, L.
II. Dean, John Thomas, Charles Dougherty,
John F. McCune and Andrew Thomson.
There are but a very few regular
initiating teams among the Jr. O.
tr. A. AL councils of Western Penn
sylvania, Balnbridge Council talcing the
lead. Monongahela Council expects to have
a team eqnal to any. On Tuesday nlghs
next the council will start out with a series
of debates. The first will be on the follow
ing question: "Resolved, That All .Ameri
can Citizens Should Be Admitted "to On
Order." The affirmative side wjll be Prof.
A. H. List, Rev. F. V. Brown and Harry E.
Gttimo. The negativo will b composed of
W.J. Vance, John W. Hanna and W. N.
Wilson.
J
Junior Order 'of American Mechanics.
During the month or October, State Vice
Councilor Kerr visited 15 councils, presented
two flags to public schools and traveled 42J
miles in doing the same.
State Vice Councilor W. T. Kerr Visited
True American Council. 190, or Homestead,
on Tuesday evening and was given a hearty
reception by the members, who turned out
out in rorco. X,
Wednesday evening State VloeCouncIlor
W. T. Kerr visited Valley Forgo Council, No.
361. accompanied by 23 members of Sons or '
Liberty Council, No. 452. and representatives
from several other councils.
The next new State Council will probably
be organized in -Missouri. There are already
enough councils in that State to form a State
body, and the National organizer is now
periecting the arrangements.
Arlington Conncil, No. 433, presented a
flag to tho Twenty-seventh ward pnbllo
school Thanksgiving alternoon. State Vice
Councilor W.T. Kerr made the presenta
tion address. Previous to the flag presenta
tion a parade was participated in by the
Sonthslde councils.
SICK HEADACHE-rt,, LW,9 mr res.
UCK. HEADACHE carter' sLlttlaLlvw PUIS,
SICK HEADACHE-Carttr,,Llt0,LjTerPaj1
SICK HliADACHE-Cllrter,,UtUeUTWIJt
d440orwrsa
nltOKEKS- FINANCIAL
ESTABLISHED 1534.
John M. Oakley & Co,
bankers and brokers,
15 SIXTH ST.
Direct private wire to New York and CM
cage. Member New York, ChioagoandPitu
burg Exchanges.
Local securities bought and sold for casa
or carried on liberal margins.
Investments made at our discretion ana
dividends paid quarterly., , .,
Interest paid on balance (since 1SSJ.)
Money to lean on? calL
Inlormatlon books on all markets mailed
on application. lof
Whitney & Stephenson
57 Fourth Avenue.
apava
OIL WELL SUPPLIES.
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91 and 92 Water Street, -
PITTSBURG, PA.
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frnptrsd by Bfrott Bowm, X T. All gran.T
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