THE . PJLTTSBUHG JDISPATOH. .SUNDAY.. DECEMBER" '25, 1892.-;
23::
L
MONEY- ASP STOCKS.
Gold Exports, Silver and the French
Crisis Depressing Factors.
LOCAL STOCKS CLOSE QUIETLY.
files and Changes of the Weekend Com
ments on the Leaders.
ALIi THE LATEST FINANCIAL KEWS
Satcbdat, Dec. 24.
A number of forces baTe been IX work
during the week to unsettle confidence in
the financial world and create donbt as to
the position of values, and they have 'been
of more than usual weight the renewal of
gold exports, uneasiness over the silver
situation, stringency in money and the dan
cers threatening the .French Bepublic. At
the moment, say Henry Clews & Co., it is
not easy to judc how far the serious politi
cal complications in Prance may be
come an clement of financial disturb
ance. In the event of revolution,
which seems to be more than a
mere possibility, a shock to the bourses of
Europe would be inevitable and, consider
ing the broad relations between Paris and
London, the latter city would be exposed
to suffer in sympathy with the former. In
that event, whatever might be the first
effect on our market, the later result would
be to encourage the purchase of American
investments on account of their isolation
from the sphere of European, politics.
Nevertheless, the position of France con
stitutes an important influence tending to
produce caution in the money markets of
the world at large.
The exports of gold involve a correspond
ing relative reduction in the legal money
resources of the banks of this city, which
is the main source of the prevailing strin
gency in the loan market. As the banks
vill have to stand ready tor the large inter
est and dividend disbursements incident to
the season, the stringency may be expected
to continue at least into the new year, when
the funds thus distributed among the pub
lic at large will have returned to the banks
for re-employmeut. Belief may also be ex
pected from influx of money from the
interior, which usually sets in soon
alter January L But while, for these
reasons, the money market may be trusted
to tako caro of itself, for the next few
month?, ret there Is in Wall street a. deep
conviction that the course of both money
and investments must vitally depend upon
the action or non-actlon'of Congress to
taling to silver. On this point, leading men
of finance arc in earnest, and retard it ns
an important factor ruling the future.
Could they be sure that purchases of silver
bv the Government will at least be tempor
arily Mispended, confidence wonld prevail:
but, so long as this remains uncertain, their
attitude will be that of caution.
While the foregoing factors surround the
financial market with the uncertainty which
Is unfavorable to the value of securities,
vet the General range of conditions intrinsic
to investments is strong and healthy, which
forms a wholesome buttress against other
disturbing influences.
Xew Tork Bank Statement.
The statement of theXow Tork Associated
banks. Issued to-day, showed a fcaiti of $700,
000 in reserve?, which was more than offset
by a loss of over $1,000,C00 in deposits and a
contraction ot more than $3,0011,000 in loans.
It was a negative document. The chances
shown follow:
lterTes, increase
Loans, decrease ..... ...............
frpecie. decrease ...............
Legal tenJers. decrease
Deposit. decnae ...
Circulation, Increase
Amount above legal requirements.,
bamvdale last year
..? raLaw
. 3,62.3O0
iiu.mo
3M,80U
. 4.8.B.4U0
42.700
. 6.171.5:3
. 19.1S.',UW
MORE BAXK FIGURES.
rar and Book Value and Dividend Sate or
the. X.ocal Institutions.
The following gives the book and par
values and rate of dividends p lid br the
Pittsburg National and State Banks; also of
Allegheny City and County National Binks,
compl ed from last statement. Sec S, 1S32, by
it. J. Stonev, Jr.:
Par Book Dlv.
BASK values, values, paid.
Vln.t National 100 1 79 8
Second National 1M 1S4 43 10
Third National 100 I43 3S 6
Tourtli Natlunal 100 1 4 02 6
J II til National 10) 123 82 6
Allejthcnv National SO i 81 G
Citizens' .National SJ 6f 22 6
Oinnucrrial National 100 112 IS 4
. rtlamtinil National 100 1K6 45 10
Duquesne Natlontl 100 169 19 8
Kxelianjn- National SO 70 19 8
Fanners." Den. National.. 100 430 i4 18
1'irst Nat. 1-1. llirzning'm 100 573 31 16
Fort Hit National .. 110 1ST 40 6
tsennaa National.., '. 1C0 319 23 l:
Iron Otr National SO 82 63 8
I Jb rtv National 10.1 114 44
Murine National ICO 111 33 S
MtclianlcV National 50 97 72 10
JMrc.rts. A M'.r's Nal'l. 50 70 U7 s
Meti.ipoliim National... 100 128 SI 6
JliwongalieU National... 100 125 71 6
Pennsylvania National... 1U0 12139
IVtinle's National 100 1(0 82 6
lSai.Nat-IiaalkCMmnierce 100 215 24 12
'lradej:ieii',t. National 100 1309 10
ITnlun National liKJ 3JSJ9 10
Anchorbavins 70 75 50 6
Arsenal 50 MM s
ltaiilc or Pittsburg 50 74 40 8
tl'lltral 50 8oS0 C
Itv Deposit 50 HO 4S U
ftti bavinx 50 S.J27 8
Firth Alciue 50 57 31 4
Ireehol 60 j55 G
l.cnuan -avlni; A Dep. . So jC9 50 12
Germain barings j 000 i 337 55 5
Iron A Ulass Dollar sav.. HO i4 74 8
Kcrstuuc 60 HOI 0
Manufacturers' 50 70 CI
Jlosimlc 50 MM 0
Odd Fellows' havings 50 82 3X 6
Pcoirie's havings 100 i4G 13 8
Pltisuiirg HW.ior sailcg. 100 -61 01 u
A Vest Knd bai Ing 5j "7s zi G
First atluiial.AleKllenr 100 3HS 8
ecuiirt Nat., ALecliony.. liXI 2 97 30
Third National Allegheny 100 jsl 15 3
(iennan Nat., Allezlu-ny. 10J "ill; 8
1-lrst Nat.. hewlcley.... luo jio CS
liraitdock Nat..Ilratidocl ICO -21 M 8
First Natioml, IlrandocL loo i!9 14 e
1'lrstNat.. Wilkinsburg.. 10' i(OS3
First Nat.. I)uqui-iic 1W j02 a)
First Nat., Chanters liO ;lfl m-
JrlrtNat.. JlcKi-esport.. 10.1 13173 6
Nrl lk or VchTcesport 300 iC'2S 6
Jsat. liankof 'J'areutnm.. 100 113 84 6
LOCAL .SECURITIES.
A. Quiet Week. With Gains and tosses
Nearly Equally DividedThe Only
ltndical Changes Are In the Gassers,
Tractions and Industrials.
The transactions on the local board during
the week ending to-day aggregated 3,147
shares of stock, 51,000 bonds and 5100 scrip,
against 7.57G shares last week and 1,556
shares the previous week. The disposition
to trade was not very marked, mainly be
cause of the proximity o. tho winter holi-
u ocuni auu uecause ot the un
settled and un avorablo condition or
tho money maikct, particularly at con
trollins points the tendency of values was
dowr.watd. It must be i-aid. however, that
the market held up remarkably well. Con
ditions generally were not conducive to
buoyancy of values, and In view or this fact
the- gains established must be accepted as
evldonccs or inherent merit and indicative
o'rthe nrobable course or the general market
under normal conditions. The changs or
notoas the result or the week's operations,
were as follows:
Advances ii. & JL National bahe
Citizens traction,: i& Utractlon, U; Pitt
burg, Youngstown and Ashtabula railroad
U Pittsburg and Castle Shannon, 1; Luster
Mining Company.; WestinghousoAlrbrake,
5; Moniingahela Water Companj , .
Declines Citizens Insarance. J: Chartlers
Valley Gas, 3 Philadelphia Company, 1;
Central traction, : Duquesne traction, k;
Underground Caul,;, L
Gas Shares.
Philadelphia Company, tho leader of this
rroup. nee-s-awed considerably on moderate
?" admg, closing at the lowest on numerous
V- fc orts of a shortage of pas. The weather
jiomcvQite severs during the latter part or
retair. Cg,. and, In consequence, the com
wn 'f resources were thoroughly tested,
to w hoi-or .n-ero found short or representa
tainties ,d expectations was a surprise in
nrsi-e:ass wrier, wuue in otners "1 told von
essea tue prevalent sentiment.
In still others It was contended that
the company had a good deal more
gas than 11 year ago and enough
to servo all its patrons properly. Tho fact
remains, however. tluitagooddoal of suffer
ing was occasioned in many household by
reason 01 an utter lack ol aas, ami all efforts
of tho Philadelphia. Company tailed to re
lieve if. Coal lias been In increased demand,
ami its consumption is likely to be largely
increased from this out. Itisnot contended
that the Philadelphia Co. have not a gi eater
supply of gas than a year ago. They uti.
doubtcdly havo more gas now than thombut
they also have u loiwer li-t of consum
ers. They aro rnrnlshlng a larger
Tllimhpr rf mnilllfiiotlirinr- PMtslhllahmeilt4.
and that they aro furnishing too many is
sufficiently attested by the fact Unit beforo
6 o'clock 111 tho morning and after 6 in the
eveningtheie is an abundanco of gas for
household consumption. There is probably
noiolie for those nfillcted with a poor ser
vice, excepting that to be obtained by a
return to the uso of coal; but some of thein
argue that the management of. the
Philadelphia Company is not cairy
lng ont its publicly expressed policy
In catering to tho manufacturers
to the detriment of the household
consumers. When manufacturers were nrst
discriminated against by reason of a failing
supply ot ga, the claim was advanced that
the household end of the business was the
most remunerative and niuat be taken care
o:. lias the value of tho manufacturing end
nf tli htislnp.e fiirrrpiififMl vine. Mian?
lu treating l'lilindelphia Company in this
manner we are prompted solely by n desire
to have the domatid and supply more evenly
balanced. To make them approximately
equal, which, apparently, can only bo done
bj' the cancellation ol some of the contracts,
will not materially affect the company's
revenue, and will be the means of alleviat
ing considerable suffering. Kither cut off
somo of the u.iinuluciurlnc concerns, or,
by some equitable proceedins, reduce the
number o: household consumers so tbat
there will be enough cas to go around. The
financial returns will be practically the
same
The other cas shares sympathized more
or les closely witli the leader of the group,
but the market for them received but little
test.
Tho Tractions.
The sale of a block of 1.500 shares of Du
quesne at 2 the firmness of Pittsburg and
llirrnlnghatu and Citizens, and tho compar
ative ticakcess of Central and P., A. & M.,
were tho features in this class of stocks.
The sale or Duquesne was said to have Deen
lor tho account of a member of a "pool."
which disrupted recently much alter tho
manner of the "pool" in Chicago Gas. P. &
B. was firni, for tho reasons hereto! oro ex
pressed; citizens was stio.ig on Its
merits: Central was weak mainly on
the inability of the street to find out any
thing about it; Pittsburc was maintained at
6J, and P. V. and P., A. AM. ivere more or
less neglected. Tho final papers in the deal
between the two latter were ready for sig
nature yesterday, it was said, and again
to-day it was stated that a number of the
lepresentatives of the two systems were to
meot this afternoon to have the final formal
pow-wow. According to this talk P. V. stock
will be.ex'onanged lur P., A. & SL next week
and the tve,o roads operated us one system
on and after January L
Industrials.
Airbrake gained $3 per share on liht trad
ing, Just the extent of the double dividend,
and closed strong on tho gain. Underground
CaDlc sagged a littlo under tho announce
ment that uo melon would be cut next
month because of the failure of the United
States Light, lleat and Power Cnmpanjr, of
New York, to pay over tbat $1M),000; but tho
company's earnings lor the year worn te
noned as $:C0,C00 net; tno volume of work in
hand and in sight unusually large, and the
feeling on tuts stock at tne reaction was
lalrly bullish. A little United states Glass
was offering, which made it appear sonie
uluit we-ikei; Union Switch and Signal was
laiily steady and Westinghouso Electric
closed on a recovery .to 33f iroin 30.
Close of tho Market.
The holiday spirit was very strong on
'Change to-day, And those present at the
last call of the neck did not appear to care
to do more than gb thiough the motions of
trading. Tho only transaction wasiu Luster
Alining Companv, lOOMiaies, sellei-60, selling
at i. The closing bids aud offcra are-ap-peuuod:
- i
DANK STOCKS.
Commercial National. .:.
Citizens National Bank
City Savings
Central X
Freehold
Fidelity Title and Trust CO.
Iron City National Bank.'.
Keystone Bank of Pittsburg....
Libert National liaut
Mer. A-Mauulartunrs N. Bk..
Alononaliela National Bank...
becond National Bank
Ikltd National Bank
ALLLG11K.N Y HANK STOCKS.
Third National ;
IXSUUANCJS STOCKS.
Par. Bid. Asked.
100 16
50 .... CCS
50 61
50 .... CO
50 100
1UI 1U.
50 .... HO
GO 90
KM 112
W 7l" ....
10) 145
UU 275
100 1.7
100 180
Citizens H. 50 2 35
Tcutonla 50 .... ss
Union... M 50 VJ ....
cstcru lnsuraucc Co 4 50 .... 4l
SCATUKAL GAS STOCKS. 1,
Bridgewaler. 100 25 ....
C'.iart.ers Valley lias Co loo lo II
Peonies Natural Gas aud i.Co. 25 .... 35
Pennsylvania Gas Co 50 D 3rhj
l'lilladelphii Co 50 Kfi liu
heeliug Gas Co 5J .... 17JJ
rAS'KKGEn K'V ETOCSS.
rentrelTraction 50 J8 aj4
Citizens Traction HI 3 15
I'lttsburg Traction 50 60 61
Pleasant Vailcr 15. .... UH
tLcond Ai enue 50, 50 ....
IIAILIIOAD STOCKS.
CharticrsRaIlway.. 50 64$
I'lttstiurg. Voungst'n and A... 5'J 47i , 49
Pittsburg and Castle Sh"n 50 6 lo
FltUburgJunctloi. It. It. Co... 50 .... S5
Pittsburg, Whctllng & Ky.... 50 53 56
COAL STOCKS.
N. Y. &C. GasCoalCo S3 50 u
Br.IDGE STOCKS.
mwalt (Forty-third street) 50 61
Northslde Bridge Co 50 .... o
MIX INC STOCKS.
La Noria Mining Co 25 .... 37c
Luster MlnlneCo ... 30 &i tw
lluterprlse Mining Co 5 2 31J
MISCELLAXIODS STOCKS.
Monongahela Water Co 25 SO 30'
Union b:orace Co 50 53 .
UuioH Switch and hlgnal Co... 50 iai
Westiaghouse Air Brake Co... 50 132 140
Standard Underground C. Co.. 100 77 77
If, . Gliss Companv, eoiu .... 100 .... K
V. S. Glass Compaav, nrd luo .... llii
Closing Philadelphia Quotations.
Bid. Asked.
Pennsylvania $3; 54
Kcadillg.... 25 o-is 251;
11uu.uo. .ew lorKanariuiadclplua. 6Ji 6.
Lelilgh Vailey 57 J7U
Lrhlsh Navlration
. 51 Si
42',
164
43
Philadelphia and Erie
Northern 1'aclllc common ..
Northern Pacific preferred..
. Id's
47.'s
Financial Notes.
Unlisted street railway securities closed
as lollo.is: P. & Ti. traction, 5g25i; Du
quesne traction, 27JiS27: do 5s, 102Jasked;
P.. A. & M. traction 5 , 103 asked.
2Ionongahela Naviga:io'i Company scrip
was quoted eti 'Change" nt 133:io and An
drew Caster offered $25,000 Duqucjno trac
tion 54 at par aud interest.
M. & AI. National Bank was bid up to 76 to
dav, the highest point touched since- the
Siemens-Anderson failure. Its surplus. will
boon be handsomely iucteased, and in au
01 her year its dividend rate will bo raised a
little.
The Imports o! specie nt the port of Now
York for tho week were $109,375, or which
$38,000 was gold and $71,309 silver. The Im
ports (exclusive or specie) at the pnttTor
New York lor tho week were $12,291,592, ol
which $9,190,252 were general mere nan due
and $3,101,340 dry goods.
Tliore was very little donein thewayor
celebrating in the New York Stock Ex
change tins morning and the fun was en
tirely impromptu. The sum o! $3,I0 was do
nuteil by the members for the employes of
the Exchange. This is the largest sum ever
distributed.
The members or the New York Stock Ex
changn aro signing 11 petition asking fi.w.
ernor Flower to pardon c G. White., now on
Black well's Island. White was a member or
the New York btock Exchange for 25 years,
but sold bis seat some time ago and Joined
tho 1 ival board. He was charged with mis
apptoiiriatlugtliulunds ofa customer, and
on advico ot his counsel, pleaded miiltv
'White claimed that ho liud .applied tlie
funds to maka good tho lostes sustained by
ills customer in poor speculations, uut the
customer denied the truth of the story.
The movement looking to White's pardon
vus started by "Deacon'' S. V. White, who is
not related In any way to C. G. White.
Alter the close or the local hoard to-day
the brokers raised a nice little sum and dis
tributed it among the Exchange employes
as iuiaa girts. H. il. Long uwilo tno pro
sentation speeches. Afterward "the boys"
ang"Aulrt Ling Syne.'1 and then slowlv
loll the Exchange, wishing each other a
very li'-rry Christmas.
Tho Edison Company has commenced pro
ceedings in the local courts against the
home companies inltinging the Edbon
patent on tne incandescent lamp.
Friends or whisky say the trust owns
100,000 barrels of spirits and has bought the
output ol nearly ull the distilleries in the
country for several mouths. The spirits 1
they have bought will not come on the mar
ket for two or thiee years. The visible up
plyln bond ls7SOOO,000 gallons. The con
sumption is about 30,000,0JO gallons vcarly,
and, as the trust owns a large percent
age or the visible supply, it will beonly
0 short time bolc-io the snrplus which they
do not own is coiuumed.aud theu they will
absolutely cyhtrol the market. The rebate
hysteui furnishes a very largo amount of
working capital.
MONETARY.
A strong; and fairly active 6 per cent
money market prevailed in Pittsburg ull
week, with tho demand confined almost en
tirely to morcamile and manufacturing cir
cles. Hints were thrown out here and there
that tho supply or loanable funds would
soon show In excess of the demand, but the
bc-t authoiitie weroor the opinion that a
strict 6 per cent rate would prevail uutil
well on into 1893.
New York, Dec. 2i Money on call nomi
nally at 4 per cenc Pumemercantlle paper,
56 Sterling exchange firm with actual
business at t!85Jii 88 for CO-day bills and
$i tS for demanu.
Clearing House Figures.
rittsbnrs
Exchanges to-day ,
Balances to-day
t2.43t.784 05
390,432 21
fame day last week:
Exchanges...,
Halluces
2,449.85102
458,205 3
The clearings of the past two weeks com
pare a lollows:
Exchanges this week..,
Balances this week ....,
Kxcliauges last week...
Balances last week
,.14,B74.573 94
, 2.4154,911 OJ
15.0M.0I4 05
.. 2.SJ0.217 06
i or the week of 1891 corresponding with
last week the exchanges wore 912 637.639 1L
Total exchanges to dBte. 1892, $750,693,120 45:
same time hint year, $Cb7 S23.021 87; gain this
year, $3,375,101 58.
Xrw Tobk, Dec. 24. Clearings, J154.02L831
balances. $5,335,703 For the week Clearings
$816,471080; balances, $33,491,03
Kostok, Dec. 24. Bank clearings, $16,5(2,
C5S; balnnres. $1,861,680. For tho week Clear
ings, $111,205,275: balances,$12,737,640. Money
6 per cent. Exchange on Now York, 15o dis
count to 15c premium.
Philadelphia, Deo. 24. Clearings', $11,523,
563; balances. $1,350,429. For tho week
Clearings, $S0,254,703; balances, $10,462,669.
Jloney, 5 per cent.
St. louis. Use. 24. Bank clearings, $4,174,-615-
balances, $563781. Clearings this week,
$25,773,210: balances, $3,077. 7C3. Clearines cor
responding week last year, $21,561,954; bal
ances $2,453,410. Clearings last weuk, $27,
151.01'; balances, $2,450,410.
Chicago, Dec 2L Clearings for the Chica
go hanks to-dav were $16,721,731. For the
week, $109,031,635," and lor the conenonding
week last Near, J79,351,04L New York ex
change sold from file to 70c premium.
Bar Silver.
Sew Tor-K, Dec. 24. Special. Bar silver
In London.SSd per ounce. New York dealers'
price lor silver, 82c por ounce.
SPECIAL MARKET LETTERS.
Tho fbadow of the Holiday Season Re
flected in the Efforts of tho Oracles,
but Thpy Aro Full of Good Ihlngs for
All That.
A. J. Laurence & Cos letter:
No one cares to review the stock situa
tion ou the eve of the holidays, and until
they are over no one will devote much
thought to the luture of the market. The
past week was barren of striking features.
The boom in Duquesne traction flattened
very completely aud the price, 27 and 27Jtf,
is back where it was when the heavy buy
ing begau aoout a iortnight ago. Without
professing special knowledge relating to the
play, it looks to us as though the check
given the movement was due to one of two
things either the pool found it was getting
the stock too Ireely aud has withdrawn for
the present, or the followers who bought
for a quick turnain selling out and taking
their profits or loss as the case may bo. We
retard Duqneine as a better purchase for a
long turn than Birmingham, even it the lat
ter does begin dividends next month, be
cause, while its capital and bonds are tho
same, its mileage is double that of theSouth
sldo road: it traverses a territory that is re
ceiving the lion's share of municipal ex
penditure ibrimprovements, hence will have
11 much greater gtowth, and linallv its float
ing debt is understood to be smaller.
'the course of the Philadelphia Company,
like the mercury, has bson downward, and
somo persons are disposed to associate the
one with the other. At all events the cold
weather has demonstrated that the supply
of gas is nut equal to tho demand. Whether
it is equal to or in oxce:9 of that of last year
will appear ft oin the statement of earnings,
which we believo will bo sent out with the
dividend checks next Saturday. Tho un
certainty ou the point referied to will ail
ways constitute the speculative ulouient lu
tills stock
The three stocks montioned, together witli
Air liruke, which advancoU to 132, iurnished
about all the business going.' With the ex
change closed on ilouday, and with every
one interested in the anitiex or the season,
we do not look for any trading of conse
quence the coining week.
We wish you a merry Christmas and a
happy New Year.
Henry II. Long writes as follows:
The past week has been dull, and prices,
while ialrly sustained, tended slightly
downwar.1. Of the tractions, Duquesne and
Birmingham held up pretty well cousldei
lng the recent flurry, and Manchester and
Pleasant .Valley aie still nursed, awaiting
the lomi-tutkeu-of consolidation, which, I
am glad to he able to say, is ahout'eonsum
mated. This will tend to strengthen both
stocks, ns a very great saving will be made
in tho 1 uniting expenses, estimated us high
as $100,00.1 per annum. Citizens traction Is
strong, twill an upward taudeucy, and Cen
tral gives gpod premise ol activity.
Philadelphia Company 1ms been disap-Doititiu.-:
alter reaching SIJ it dropped to
luJfQIDJi, whete It stands. The coid snap
has uau much to do wltn tin's, although the
company has demonstrated the lace- that
plenty of a is still available lor all wants.
It is cheap ami pays over 10 per cent on the
investment. Industrial stocks are slumn-
isli,-Electric chiefly so, owin to tlfe rumors
of a "sell out" to tho Kdison pcoplo and also
owing to the delay in perfecting and placing
on the market the alleged "new lamp,"
which is 10 supersede all othets. Union
Switch and Signal Company is neglooied
and lower; ihesamo can he said 01 United
Mates Glass, while Underground Cablo
sprung Into new life on the talk ot un extra
dividend. Air Brake is a lavorito uud lor
the first lime lias gone np in price on the
announcement of the dividend. Bank
stocks uto all strong and in demand, while
some little.movement is noticeable in lnsur
aucc companies as tne season lor the semi
annual dividends approaches.
Ou the whole, with gold shipments n9 the
current scare, the threatened upheaval on
the Paris Bourse and threateningsot tighter
money, the local stock market api.ears un
usually steady and sale. With a clearer fin
ancial atmosiiheie, and tho holidays over,
mo 10 activity and better prices on dividend
payers aro confidently looked for. The
cueap slocks o: this class will then look
cheap inueed at piesent prices.
From 'Wall Street
J. S. Bachc & Co , to Oakley &,Ca:
The week began with the culmination of
the uneasy leeling which was brought about
by over-speculation in industrials and by
the big gold exports which have boen going
on for sometime. Big lines or Whisky and
Gas were thrown overboard, as a number of
institutions and bankers refused to loan on
this class of securities and the only thin-' to
do was to market those stocks. The decline
in them was 90 sharp and rapid that it was
but natuTul that they should rally, but the
storm 011 Monday produced a dull market
lor the rest of the week.
Tho most noteworthy featuro has boon
'tho tremendous sterling loans which have
Decn made through the past week, w 11 fell wo
think amount toahout $8,000,000. The pools
lu both Whisky and Gas havo been nnin.
their utmost to borrow money, not cat in
what rates they piidsu longas tne securities
were placed lor 00 or 9U days. Wearotoid
or one sterling loan which was made on
Whisky alone at which tho margin was so
large that the loan on the stock was at 37.
Tho uiuhI banker's commission 'on asteriin
loan lor 60 days has llerctorore been ipdr
cent, but they have round the demand so
urgent they Increased rates and now charge
double. We know as lace thatsterling loans
made agaiust Sugar collateral have paid the
Iactcr rate. Ic was but natural that this
amount ot sterling exchange being sold that
the exchange market would sell off, but
the den.and for 1 omittances being so groat,
the rate is again as high as ever before. The
lielch Bank, or Germany, wishing to show as
big a surplus of gold as possible on January
l,wai willing to pay tno bankers the money
as soon as the gold left this port, but they
have stopped, as gold shipped at present Is
too late lor their purpose. Sslll irotn pios--tit
indications ic looks as if considerable
amounts or gold would go forward again
nexs week: none will be sent with Tuesday's
steamer, as it would necessitate the with
drawal of the funds to-day, Monday being a
legal holiday, and the hankers, therelore,
lose too much 011 interest to make the trans
action remunerative, but on Wednesday
some will be shipped, and on Saturday the
shipments will be the h da v lost of the week.
The market Is such that the railroad earn
ings co lor nothing: It is immaterial whethor
the inter-Stato law is amended so as to make
pooling logal or whotbor the railroad earn
ings snow a nig return on tne stock; so Ion
as mis uncertainty as regaras our financial
... . ..-...... t :e
position continues, so long will the market
keep on sagging, and there Is nothing which
works so nt-nlnst prices as uncertainty.
i ho Secretary of the Treasury hus been
asked by the leading financial people or the
country to use his influence for the repeal of
the Sherman bill, but he says that it is use
less to attempt anything so long as the Sen
ate Is in its present condition; any bill or the
kind which might come beforo that body
would be sure 01 defeat.
There is no doubt that business through
out the country is in a very satisfactory con
dition, and the pcoule as a rule are waiting
lor a chance to bull the market as soon Us
an occasion oilers itself: It is, therefore, a
pltv that the legislation at Washington has
cast this gloom over the financial commu
nity, and nil the more so at this time of the
year, when everybody ought to be happy;
the brokers are nervous, and existing cir
cumstances necessitato their being ex
tremely cautious.
To-day's market was very quiet indeed.
The bank statement was better than ex
pected, nnd showed that money has boen
attracted to this center by the remunerative
rates.
The only special interest to-day wtis in
Manhattan, which rosn 1 per cent on the
belief tnat the rapid tianslt franonlse.wlilch
is to iiu onorcd to tno public at auction on
the 29. h, will not find any bidders. The con
ditions are so manifold nnd the penalties so
seveio that nobody is willing to undertake
It, and we think that the results will bo time
tho people of the upper r.art of tbe city,
finding ic imperative 10 increase 111" transit
facilities, will ask for relief and the end will
bo that Tammany Hall will build the under
ground railway.
MANHATTAN THE FEATURE.
It Moves Up on tho Announcement That
the Company Has Little to Fear From
the Proposed Underground liouto The
Grangers Close Strong.
New Yore, Dec. 24. Trading Rt the
New York Stock Exchange was liniitedjthis
morning, only 72,136 shares -changing
hand;, of which 5,650 were unlisted. In
'he first transactions prices were generally
a fraction below those ruling at the" close
yesterday, but subsequently a firmer tone
prevailed, due to a disposition ou the part
of some of the smaller bears to even up
their trades. They did not care to go home
with contracts on their books over the
double holiday.
Manhattan was the only feature of note.
The stock opened at 139J4, receded to 139
and advanced steadily to 143J4, closing at
the top figure. The enhancement ii the
result of tho announcement that tho com
pany has but littlo to fear from the proposed
underground route. Another reason for the
rise Is that the Pierpont-Morgan Committee
will soon report a plan whereby tho com
pany lines will beextendedaud its le venues
largely increased.
Judge Ingraham to-day decided to con
tinue tno injunction restraining tho Panama
road from entering into contracts', with
transportation companies outsldo of the
Pacific Mail StcamshiD Company, and the
stock of the latter roe from 27 to -'Sj
In the gonetat railway list tho granger.
were particu.aily strong near the close, ad
vancing yffiJi per cent. Tho Rock Island's
le-tularquunorly dividend of 1 percent was
officially uunouuerd, and the amount is Just
w hut had been looked for. The streugtu of
the speculation in the final ti ansae t Ions wns
partly due to the unexpectedly good hunk
statement.
ltannay bonds wcra qniet. Tho sales
weru $218,000. Oro.-ou Navigation 5 ad
vanced 15 to SS, and Chesapeake and Ohio
bouinwes.ern seconds 1 to 72. be. Paul and
Manitoba Cs declined 1 to 103. Loulrville,
New Orleans and Texas firsts 1 to 71.
Government bonds closed as follows:
U.S.4s.reg lll'i
U. S 4s, coup 1I33
Mutual Union Us 113
M. J. C. Int, Cert...um
Northern Pac. lts..lln
Northern Pac. iuds. r.:,S
Northwest. Consul. 137
Northwest. Deb I..10JS'
3t.l...UroiiH.ocn5s. a
at l,.&sanK.Gen.M.10J
St. Paul Consols.... 131
St.P..C!il.&Pacijts.1l7
rexI'acb.O.Tr.Kcls 77
1'exPacK.ti.Tr.Rcts Wlf
Union Pac 1st.;. ...107
West shore 104
B. U. W. lsu TSJS
U. S. 2s 100
Pacific Cs or 'M 1'5
Louisiana stnd 4s.... 1171
Missouri Cs lu-'Jt
Tenu. new set gs na
Teuu. new set is 102
'ten a. new set 3s lt'l
Canada So. 2n.is 107-5f,
en. Paclllc lsis no,
Den. & It. G. lsts...H6i
Den. & it. U. 4s M
fcrlc'-lid 101V
M. K. & T. Gen. Gs.. 79)
M. K. 4T. lien. 0i.. 48
Close in mining shares:
Con. Cat. and Va IMIPlymonth, 45
Deailwuod llolerni Nevada laj
Gould & Curry 70Standard 14J
Hale anil Norcross... 70 Union Con 110
ilomeslaxe ...I3ib Vellow Jacket 40
Idexican 110 Iron silver 40
Ontario isnvl Quick Mlver. 350
ophir liSoltjulci: Silver, pfa iiuo
The total sales or stocks to-day were 72.
OOu shares, including: Atchison, 3,400; Chi
cago Gas, 2,400; Distilling, 4,300; Manhattan,
C,500;"NorthiTii Pacific, preferred, 2 600:'Kud
ing, 15,400;' &r. Paul, 3,600; Sugar, 3,310. Bur
lington, 4.C00
Spronl & Co. 's market letter:
To-day nas seen a purely holiday market,
with some gi-avo reflections in regard to the
dangers which still hang over tho financial
situation. Manhattan was the only featuro,
advancing about 0 points, the general sup
position being that plans for an under
ground rapid transit system will miscarry.
Apart iroin this tho market was dull nnd
utterly stagnant, bulls and bears nllko being
indisposed to tako any action. The absence
of selling nressure incited some or the out
standing short interest to cover, and a few
minor rmctional advances were the result.
The bank statement itself appeared to be
influenced by the holiday spirit and was
negative in its result, a gain or $700,t00 111
surplus being offset by the loss ot $4,000,000
in deposits and u contraction of $3,000,0,10 in
loan. Exchange was altogether nominal.
and afforded no indication as respects the
t.utlook fur a lurther movement or gold next
The early close came as a roller to what
seemed an unnecessary day In tbe market,
nnd with the usual good wishes appropriate,
to Christmas-tide Wall street dissolved
itseir to enov the brier respite ftom its
speculative struggles.
The following table shows the prices or active
stocks on theew York Stock KxchaiiRe, corrected
dally ror THE DtSPATClt by Whitney A Stephen
son, olaest Plltshurg meiibers ot Her York stock
ixchange, u7 fourth avenuel
Close
D'C
73.
Open
nigh
Low- Clos
est, lng.
7S
106H 107
87S 07)4
.
94M
8SJs
57X ..
m
22 2H
8I, 35J4
96
75V 76
ISIS 1204
82.'
46 H
117k
110M U0h
37J4
27"
m una
120 1J9
15V
SIS
61 H 61
9
74.S
129
iu.
American Cotton Oil
Z3!i
Am. Cotton (ill. prer
Am. bugar Rerg Co.
A. sugar It. Co., pref
78
ma
07!-t
M
8SS
57,
IS,
"22
U'i
96
73V
14
83
4HK
1174
'Sii
3)
Hi
USli
121
i?f
51,S
'97H
741
!!
69
183
55.
137
112)4
4H
92
ibsh
23)4
42
17Jj
M
37
10'
ltill
474
20
27
107
107
97.4
32Y
1'4',
"S7.4.
97 'i
S2S
KIM
'iii'i
Atcn.. lop. s. r ...
Baltimore Ar Ohio...
Canadian Pacific....
Canada Southern...
Central or N. Jersey
Cliesapcase & Ohio..
Chicago Gas Trust..
c, n. JtQ
C M. & St. P
22
84k
22
S.t,
9.134
7GH
VMM
S3ii
.;!
73V
120
827i
C. M. A St. P., prer
(;., it. 1. .t 1-
C, St. P., M. &U..
C,St.P..M.iO. pref
Chicago & N ortliw'n
c c. c. &i
Col. Coal Iron
Col. & Hocking Val.
Del.. Lack & West..
Del. & Hudson
Den. '& Kin Grande..
110 i
r.'A
3'43'v
129J4
11014
57)s
33 'A
i4SH
159!
Den. & ilio G'e. pref
Ills. s. u. . Trust.
Illinois Central
6I
07 H
74S
13J
61
97 Ii
74H
1MM
Lake Erie &V.. pre!
Lake snore s. 31. s.
Louisville & Nash'e
09
69K
C9V
139
09 1
Manhattan
Missouri I'aclftc
National Cord. Co..
Iat. C"rd. Co.. pref.
National Lead 1&...
Nat. Leid Co.. prer.
JewYork Central..
X. V L. E. & W...
. Y. N. E
N. Y.. Oi W
Norfolk Western..
. & West'n, pret..
Sorth American Co.
vr'hern Pac Ac....
Nor. Pacific, pref..,
Ohio & Miss
I'uciflcMall
Peo. Dee Jfc Evans..
Fhilada. & leading
P.. C. C. St. I..
P. C C. &st-L. prd.
Pullman Palace car.
Richmond iW.P.'r.
1L&W. P. T.. prd..
St. l'aul.t Ouluth...
St, P. & D.. prerd..
St. P.. M. Ail.
Texas 1'aclUc
Union Paclllc
Waua?h
"Wabash, prePd
Western Union
139
ll,
..
13S
112
138
112
13734
112i
h:
43X
44
41V!
32
lMV
1C8V
'iosjj
42.
23 V
saV
23
42H
4itt
17,'s
9j
37,
9Js
10K
iO'A
10
"43
"M
1"H
47
2C4
47H
IWs
27S
16)
"28
16,
SIM
"l6
HJii
IOJ,
19
194"
7
5DJ
in
69j
50Ji
1U
m'
7
in
194"
7
1K1
7
30
0H
1(5
111H
9
37
193
6
31
40
105
lllhi
9
37H
"h
i3
92.
20)
624,
37
"3
9214
S7.f
S7K
23V
923)
23
92
92s
aw
TV. & L. ., pref d.. 63
U
63X
TH1EE VICIIII OF FIBS DAMP.
Fate Overtakes Them While Inspecting a
Mine Xionc; Unused.
Mascoutah, III., Dec. 21 J. M. Kldd,
mii.e b:s8, aud Elmer Eosenberry and Al
fred Simon, workmen, went into an old, un
used part of a coal mine at Alma yesterdav
to inspect lor proposed improvements. All
three were soon overcome by foul cas.
Although rescued in a short-time, the two
workmen were dead, and it is doubtful if
the mine boss will recover.
f-ocGns. hoarseness, sore throat, etc., quickly
relieved by Brown's Bronchial Troches. They sur
pass all other Drtparatlons in remorlng hoarseness
ind as coujh remedy are pre-eiamenUy the best.
. A RAPID INCREASE.
The tvainwrlght Property, on Mornlngside
Avenue, Again Sold An Advance or
8C43 Per Acre in Three Dajs A S100,
OOODial on Penn Avcuuo.
SATURDAY, Dec 24.
The "Wain wright property on Horninp
side avenue has again changed ,liaads at a
large aud rapid increase in value. This prop
erty is situated on Morningsids avenue,
Eighteenth ward, having a frontage of
about 800 feet on that thoroughfare, ex
tending through to Stanton avenue, and has
a total frontage or about 5,600 feet. As
has boon mentioned in this column,
this ground was purchased about two
weeks ago by the present sellers lor $42,000
from W. C. Lvne. who realizeJ a profit or
$500 per acre on the tract within five mouth.
M.F.HIpple & Co.havo just sold tno property
again for Messrs. John P. Gaugwlch and
Frank IC Gibson to u well-ku'owu oil oper
ator for $51,0.0, or about $3,612 per ncre,
snowing an advance of $9,t0), about, $612 per
acre, within a very short space of time, as
me ueai was virtually cioscu turee raja
alter the consummation of tho previous
sale, but the final papers wero not passed
until Thursday last.
' A 8100,000 Deal on "Penn Avenue.
The most important deal in city real es
tate that has occurred sinco the sale of tho
Deininlor property on Sixth avenue, was
completed to-day by B'ack & Balrd, who
sold a plcco of property situated on TOnn
avenue, near Ninth street, for between $90,
000 and $100,000, tho price appioachlng nearer
the. latter figure than the loruicr. The
ground Is at present occupied by brick
dwellings, which are to be razed and a large
business block erected In their stead lor
renting purposes. The fnll particulars of
the deal could not be obtained to-day as
they were not yet In shape for publication.
An Increase in Rents.
TJie Schmertz property, corner of Smlth
fiold street and Second avenue, wasto-d.iy
leased to Messrs. 'ycrthcimer Si Wormser,
the furriituie dealers; for a termor years
by Black & liaird, the lease to take effect on
February 1, next. Kent in this vicinity has
increased somewhat within tho past year,
as the terms or this lease will show. Previ
ously the property rented lor $2,000 per
ye:A, while in tnis new lease the yearly
leiital is fixed at $3,000.
Personal.
Leonard A. Clark, of the real estate firm
or Piper & Clark, has gone to Johnstown
on business in the interest of local capital
ists who are interested in coal land near
that city.
Building Permits.
Only tne building permit was issued'to
day; that was taken out by Christian Gelsler,
for two two-story frame dwellings, Chaun
coy street, between Wylie aud Webster
avenues; cost, $1,500 for boeu.
Late Sales.
A. Z. Byers 4 Co. sold for Mrs. Rachel Blue
the property os. 131, 133 and-130 Itiver ave
nue, Eighth ward, Allegheny, having erected
thereon three frame houses of eight, five
and rour rooms lespectlvely, with lot 6514x76
feet, for $5,500.
John V. Sneony sold for A. P. Thomas to-
L. 0. Sands, of Main street, Liwreticeville,
a handsome nine-ioom Queen Anno house
on bualir street, East Kud, situuto on a lot
f ion ting 37 test on Spnhr street and extend
ing buck 127 feet. In closing the deal the
price $0,800 was shaded.
Kcllv & Rogers leuott tbe following sales:
For Mr. Brooks to W. Elmberlln', one house
and n piece of giouudou Fiunkstown av
enue, near Wood street, lor a price approxi
mating 18,000;' ror Mollon Bro., a lot on Mur
garette street, 51x119. for $4,377 50: it will bo
improved at once; lor William Baird, nine
lots nt Latrobc, lfenr the steel worka,
lor $175 each; tor 11'. F. Downey, two lots in
the J. Walter Hay plan lor $050.
Keed B. Coyle & Co. sold for Samuel Forter
two lots, Xos. 27.1J4 and 273, In Watson place
plan. Tenth wnru, Allegheny, flouting 100
teuton Poirysville avenue by 150 leei to Or
leans strroc, lor $3,200.
John K. Ewing & Co. sold for 13.400, to
Sarah J. Anderson, for Thomas McUowan,
tho property Xo. 30 Sampson strcet.iecond
ward, Allegheny, being a two-storv brick
house of five looms with a lot 20x80. The
above firm, sold tbl .property to Mr. Mc
Gowan 9Mlaysago lor $2,750.
Black & Balrd sold to William C. Stevens
a large two-story "framo housn on CobasSet
street, Duquesne .Heights, with lot 25x155
Icet, to Menden street, for. $2,500 cash.
J. C. Alles & Co. sold- fat' George Schmidt
lot Xa 159 011 Lookout avenue, in his Eureka
plan, to William McEft),-ror$525.
Samuel W. Black & f ag jrftttl lot So. 22.23X
143 feet, on the ease sid&fitM"$liJldu street.'
in the Friendship GrovaaJnil.Parlc plan, for
$1,5J0. The purchuserVJotends 'erecting a
handsome rotloco in tmrneat? future. The
openfng and gradliis'oflWathildastreet ironi'
Liberty uvenue to Penn avnpue and the
many 'buildings now under y on this
Htrcef, will make it it very tttractivo thor
oughiiire. -
The BurreU'and Kensington Improvement
Companies report the following sale of lota
at Kensington: Mi's; Maggie- C. Abbott,
Chartiers, Pa., lot 83. block 6, $737 50 cash.
Frederick Wilhelin. Pittsburg, lots'100 and
101, block 6-lo't 032. block 19, nnd lots 183, 189
and'190.'bloclt2(S, lor4,310 cash; -John Wilds,
Hope Church, Pa.,.lot'5i, block 22, $550 cash.
Samuel II. .Yantfolu. Parker City, Pa., lots
67 nnd 63, block 5, $1,800 cash.
Peter Shields oldo:i Forbes street, Sixth
ward, a lot 22x79 Toot, running through to
Watson street, tor 43 500 cash. The "pur
chaser, who is a well, known, business man,
will erect a large Hat for rentlug purposes.
The Week's Record.
During the past week real estate transfers
were more numerous than during tho pre
codins weok, and they also head the pre
vious week fSi value. While mortgages In
creased in number, they declined consider
ably In amount or money involved. Ete'cn
tious decreased in Doth respects to 11 con
siderable extent. Not much of a chance is
witnessed in the Azures or any of the other
items in either respect. Following Is tbe
summary:
Week end's; Week end'g
ITEMS. Dec. 21. Dec. 17.
Real estate transfers.... 24 (647.40J 233 $,-97.9o3
Bulldlii;; permits'. 29 ui.846 a U.723
Mortgages 93 205,524 K 453,1.76
Purchase money mort-
Kaces r5 107,378 82 1(0,547
B. tL. A inortrasrs.. 54 1 69. Ml 5.1 7J.no
Mortgage payments 153 251,378 153 330,062
Judgments 1SS H.C93 192 95,143
Executions 25 12,631 73 63.65
CHRISTMAS WITH OIL MEN.
Scores of Them Pass, d Through Pittshnrs
Yesterday Kn Koute to the Upper Coun
tryNew Wells at Slstersville Reports
From McDonald, Ohio nnd Indiana.
Pittsburg was full of oil operators from
the Southwest, who were coing home to
spend the holidays with their families.
The lower fields, those south of the Ohio
river, have all been developed by operators
from the Bradford, Venan?o and Butler
fields men who have followed tbe oil busi
ness almost from iulancy.
Thoy have becomes, part of the business,
and there aro very lew cases where oil men
havo quit tho temper screw and have been
able to B'ayaway from it. There seems to
be a fascination about It which always
brings thctn back.
Some havo become farmers, a few mor-
chants, but tho jrreat majority who have
been abletobreat nway navo drilled into
sold or silver minim: reslomof the West.
Even the attractionii of the mines have not
been able to hold them in all cases, ns many
or tho old-timers who have been minors ror
a while uro to be seen on the stroets or Pitts
burg every day.
The leartinz operators in the Slstersville
field are from the upper country, nnd as
there is moro activity down the itvernow
than at an v other point, It was moiilv from
the West Virginia wilds that the strangers
hailed trom yesterday.
The market is not what they wish it to be
by hair, but as one or them said last even -inn:
"There are row or us that cannot afford
a tnrltev ror dinner to-morrow. We hope,
howevnr, that when old Santa Clans! visits
us in 1833 wo can greet him with $1 oil."
New Wells at Slstersville.
The estimated production or tho Slsters
ville pool Is placed by conservative produ
cers in that region at 15,003 barrels a day,
and there is a strong possibility that it may
ito even higher after the flrt of the year.
The wells have a better staying quality than
those at McDonald, although they do not
come in as did the once latnous ausbers.
The Watson Oil Company lias Just finished
up its No. 7 qn the Wltten farm, and It is
good tor 230'liarrels a day. Their No. 3 on
the James Blssen is showing for 11 good
well. It has Just been tubed.
The same 'company's No. Ion tho David
Hlssen farm, .which is showing for a good
well, will be tubed this week. They are
drilling Nos. 8 and 9 on tho Witten
farm, and have a rig a!mot com
pleted for No. 10. No. 8 is down
about 800 feet, and No. 9 probably S00 feet.
This company Is operating altogether On the
Ohio side of the river.
Charles R. Duel drilled his well on the
Davenport farm deeper last week, struck
another pay, aud tbe well is now doing ;s
barrels a day. He has started a well on the
John Parker farm, which lies two miles
southwest of tho Moore No. 1, doing S5 bar
rels a day, which was bought Friday by tho
Victor Oil Company.
Tho Kanawha Oil Company has some welli
under way on the Ohio side. Their No. 7 on
Ludolph larm Was reported yesterday to be
drilling In the lop ot the sand. No. 9, Lu
dolph, is down about 5 X) fret, and they are
building n rlc for No. 10, Their Calvin, No.
3, is drilling at 1,000 feet.
In the Fourth Sand Pooh
The Ewlng fourth sandcr of Guffoy A
Robison was reportod to bo making less
than 100 barrels a day. This is more re
markable trom thelact that less than a
week ago it came in At 100 barrels an hour.
Notwithstanding tho rapid decline In this
well, the Indications are that operations
will be active next month In northeast Mc-
curdv.
S, J. Fleming, who has ten acres adjoining
the McCoy farm, has started to build a rig
on his pronerty.
Guffey, Uobison & Stewart will be ready to
rig up tills week at their No. 5 on the McCoy
farm. Their No. 4 Is making about 210 bar
rels a day from the fourth sand.
Tho Forest Oil Company has a well on tho
Aiken inrm in iho ICO-fbot, and GnlToy & Co.
ajc nbout tho same depth ou another Aiken
farm.
The Ituppel Oil and Gas Company's No. 2
Moore is down 1,200 feet.
Tho Forest Oil Company's No. 1, on the
W. E. Edmundson farm, was 21 feet in the
filth sand last evening and had thus tar
fatled to find oil.
The People's Gas Company's No. 159, on the
Wallace farm, south of Willow Grove, is duo
in tho Gordon i-and to-morrow. Their No.
158 Wallace is making 175 barrels a day na
turally. They havo atartod to drill their No.
132. an old Gordon sander, to tho fifth sand.
It has just been cased through the Gordon.
The People's aro starting a new well ou the
McDonnfd property.
The Belmont Oil Company's No. 2, on the
Morgan larm, in the Meise pool, is deep in
the Gordon sand, but is showing for a small
well.
Work In Auglaize Connty, Ohio.
Operations in thl) county aro confined al
most exclusively to the south of the reser
voir, and tho prospects for a healthy exten
sion to the pool aro quite favorable.
The Ohio Oil Company completed yester
day its No. 2 on the William Mxckenbach,
and after being shot started to produce at
the rate of 31 harreN a day.
Tho Manhattan Oil Company completed
Its No. 2 on tho W. II. Vornholt farm in St.
Marv's towiibip,and have a duster.
J. IL Van Wormer & Co. have completed a
light producer on the Eliza Buxton farm in
Franklin township, that Is not good for more
than 12 barrels a day.
Operations In Indiana.
The spotted nature of the Jay county pool
has been more rully demonstrated In the
rast two days. Oil gushors and roaring
gassers stand side by side and In sneb close
aroxlmity that the derricks almost touch,
'any or the wells that show nothing butgas
when first drilled in, develop into good oil
producers alter tbey have been shot.
The Portlnnd Natural Gas Company's No.
3 Illdy did not show lor more than ten bar-
els a day, hut a bO-quart shot started it at
300 barrels a day.'
The same company's No. 0 drilled in yes
terday, on tho same farm, and started off at
15 barreN nn hour.
CL D. Bobbins has completed his No. 1, on
the Joseph Lewis larm, and has a small
gusor.
Gibson & Giles developed a light gas
pressuio at their No. 3, on the Stansbury
larm, ou tho northern line of Knox town
ship. Personal.
Myron Matson, President of tho Matson
Oit Company, operating at Slstersville,
passed through Pittsburg last evening ou
his way from Sistersvillo to his home in
Bradford.
T.J. Vundergrift, or the Woodland Oil
Company, lias goneto his home at James
town for the holidays.
Captain PctorGrace is in Jamestown, N.
Y., putting in Christmas with his family.
Major M. Mnrphy. the active and pushing
operator, wno enjoys the reputation of be
ing second. to none in opening new noola.
and in persistent wildcatting ranks with
Captain Grace, hailert the wilds of Dodd
ridge county, W. Va., whore he Is drilling a
couple 01 wells, aud has gone to his homo in
Philadelphia.
D. S. Wnkenigbt, the oil scout or the Oil
City Derrick, hasunne to Portland, Ind., to
assist the Iloosiers in welcoming Santa
Claus.
Colonel John Galloway, who Is reported
to havereoently created a senxatiou among
the natives Irving along the Wabash river.
by remarkable feats ot pedostriunism, lias
retired to Jamestown, N. X., for a week's
rojt in tne uosom 01 111s lamtiy.
The Ganges Yesterday.
The estimato J production of the McDonald
field yesterday Was 19,000 barrels, the
same as tho day before. The Woodland Oil
Company's No. 2 Scott was making 30 barreU
an hour. The stock in the field was 44,000
barrels.
Tne runs from the Sistersvillo field were
14,170 ban els. ' '
Buns and Shipments Friday.
'he National Transit runs were 20,671;
shipments, not in. Buns of Southwest. Penn
sylvania from McDonald, 9,79: outside of
McDonald, 9.1S7: total runs, 13,332. BucEeye
runs of Macksburg oil. 0,483: shipments, 291.
Bnckoye runs of Lima o I, 43,171: shipments,
not in. Eureka runs, 13 -:ot; shipments; 2,281.
New York Transit shipments, not in. South
ern Pipe Lino shlnments, not in.
The runs or the Tidewater Pipe Line Com
pany on Friday were ,262; total, 102,203;
average, 4,446; shipments none; total, 218,975;
average, 9,521 barrels.
The runs or the Western Atlantic Pipe
Line wero 3,461, and the shipments 2,287
barrel.
The runs of the W. L. Mellon lines Friday
were 7,319; deliveries, 6,029 barrels.
The Oil Market.
Kanse or the January ootlon: Opening,
52Sc; highest, 52c; lowest; 52c; closing,
52Xc.
Refined oil New York, -5.45c; London, iy.
i'fA; Antwerp. i(.
New Youk, Dec. 24. Petroleum was neg
locted: not a single sale was reported; 52Kc
bid, 52?c asked.
A C3NVEBT TO SPIRITUALISM.
The Startling Departure of an Eminent Con
grcgationa'lst Divine.
BY CABLE TO THE DISrATCH.
LONDON, Dec 21. Eev. Dr. Joseph
Parker, a well-known Congregationalist di
vine and pestor of the City Temple, is be
lieved to be contemplating a startling new
departure in connection with spiritualism.
In the course of a short sermon to business
men, delivered Thursday morning, he de
clared that while seeking no message from
disembodied friends, he awaited direct com
munication lrora God.
"What is called spiritualism," he con
tinued, "should be rescued from the un
holy, frivolous uses to which it has been
put by some fanatical and even vicious per
sons. I believe in divine spiritualism. We
ought to speak as the spirit gives us utter
ance. We should retrace our way to Pen
tecost. We should stand in living
relation to the eternal spirit,
aud should speak ont clearly
and fearlessly whatever He mav bid us
speak. We have disturbed the Holy Spirit.
We have forgotten his veiv existence. I
bitterly repent my own neglect and sin in
the matter, and implore God and the Holy
Ghost to send messages through me con
cerning life, business, politics, religion and
duty, which may be of real service in the
highest education 01 tbe world.
HAD A COWABS'S HEAEZ
ainrdcrer Crampton Was the ricture of
Terror on the Guillotine.
IJir CABLE TO THE DtRPATCn.t
London, Dec. 24. The Paris facnlty of
medicine are drawing some interesting con
clusions from theirexamination of tbe body
of Crampton, the murderer, who was
guillotined the other day. Crampton was
the picture of terror when he went to his
death.
The doctors tound that his heart had con
tracted remarkably under the influence ot
fear. They speak of it contemptuously as a
conard's heart." They argue that the pop
ular notion that the heart is tbe scat of
courage, as in the ph'aie "a stout heart,"
is founded upou a physiological lact.
An Elevated Koad Enjoined.
Philadelphia, Dee. 24. A permanent
injunction agains the erection of the
Quaker City Elevated Bailroad on Market
street was granted by Court of Common
Pleas this morning on the ground tbat it
was a passenger railway and came in com-
Eetition with the surface railway, which
ave the right to tbe streets. Thj matter
will be carried to the Supreme Court.
' ft
The Ninth Itoiiment Pennsylvania De
serve Association held its thirty-first anni
vercary banquet in the old postofflce build
ing last Tuesday evenlnsr, to commemorate
the battle' or Drainesvllle, the first in which
thoy were engaged, and tbe virst victory
over wop by the Army of the Potomac
.Thero were assembled the old boy. with
their wives, sons and daughters, and a lew
invited guests, in all numbering between 2C0
and 300. At 8 o'clock the tables were laden
with everything that Is good, and decorated
with beautiful vases filled with rragrant
flowers, the gift of Comiade AlexanderMur
dnck. The order was glyen, "Forward!
March!" and' headed by the old war horse.
Captain Barbour, and his wort by licuten
ants, tho attack was made upon the enemy
with suoh vigor tnat in a few' minutes there
was scarcely a straggling gobbler, rooster,
dnck, porker, or Texas steer to be found
npon tbe-field of battle.
After supper short speeches were In order,
and were made by Captain J". K. Barbour,
President; Levi B. Richard. Secretary; O. S.
Mollwain, Treasurer, followed by Eev.
Col. McGulro and Hon. J. S. Slagle; a reclta
tion by the daughter of the regiment, Mtss
Rosalind Forster; a speech by Major A. P.
Burchfield, Assistant Postmaster Edwards,
Colonel J. W. Balentlne. who for the second
time came from Idaho for the especial pur
pose; Postmaster James S. MoKean. Com
rade Todd Wallaco, or Littlo Washington;
Mrs'. iCUeh Watson (an "old comrade" or
the Ninth, who" endured the hardships and
dangers or a camp Wo, that she mLtlic min
ister to the wants of the boys, wf.o by
wounds or sickness fell by the wayl.Captalii
Charles Beckcrt, and many others.
The 'StarSpnngled Banner" and "March
ing Throuzh Georgia," led by Comrade J. S.
Hollingshead, wero snngw'lth such ardor
that it almost shook the walls of the old
building-. After many hand-shakings and
congratulations the old boys with their
friends parted, with the hope that t'uey
would live to enjoy at least one more suck
treat, which wilLoccttr on December 20, 1833.
By a unanimous vote the thanks of tho as
sociation were extonded to the newspapers
for tbe liberal notices which aidod In mak
ing the celebration snch a success.
Post 151'g Christmas Trea.
Post 15Ps annual Christmas treat to the
orphans in its Jurisdiction will take place
to-morrow Afternoon in the ball at 1323 Car
son street, Snuthsido. Beforo the distribu
tion of tho girts a short programme will be
rendered. Tho gifts to tbe boys will lie
coats, trousers, caps and shoes, with candy
and fruits. The girls will receive drea pat
terns, shoes and candy and fruits. This an
nual gift givlnz has peon the custom or tho
post for many years, and a largo number of
soldiers' orphans look forward to it with
great pleasure every Christmas.
Christmas G. A. K. Note.
Post 83 held no meetinglastTuesdayoven
ing. The comrades were too much engaged
with the "Fall or Atlanta.''
Tnis "Fall or Atlanta" at the Alvin Thea
ter last weok was a success. Post 83's relief
lund will be benefited considerably.
Couhade D. A. Jokes, or Post 151, will do
the Santa Clans act in full costumo at tho
Eighteenth Street M. E. Church to-morrow
night.
Coxbads A. C. Fbase, ol Post 15L will be
46 years of ago next Tuesday, nis pro
gramme or, the celebration is not yet com
pleted, but it will be a hammer.
CcmmaxderL. T. McGuatu, or Post 151,
who will bean applicant for tbe position ot
pension agent tor thin district,.was indorsed
uy the post last Tuesday evening.
Past Comsiaxdeb J. W,MonELAND. of Post
151, was'unanimousiy indorsed for delegate
to the national encampment at Indianapolis
at the post meeting Tuesday night.
The Ladies' Auxiliary of Post83 will mako
happy many nn fortunate hearts Dy some
boxes of good things and useful articles,
which tbey packed last week, assisted by
the comrades.
The following local comrades have been
appointed as aids on, the staffor Commander
in Chief Weissert: John D. McFarland, F.
J. Ilml-on, John Thomas, J. P. Stewart, W.
U. Wasson, Simon Uelmbusber. Georce Fin-
nlcle aud J. C Kennedy.
Comrade Dr. Joiix Fielpiso. of Post 3,
blew into town Friday, looking fat and
hearty as a Christmas gobbler. He Is here
to spend the holidays wltn his family in
Allezhonv. Comrade Fielding is now lo
cated at Williamsport, where he has a tht ly
ing buslnesH and where ho removed lor the
benefit of his health.
Post 43. ot Wilkinsburg, with 63 comrades
on'tho rolls has lost none of its members by
death during the past year, and has bad
very few applications for relief which goe3
to show tbat the old boys are toughs and nil
wealthy. Comrade James S. Kelly says. he
is goiug to compete for the new home and
piano at the national encampment at In
dianapolis, and Is already making arrange
ments to move his family there.
The following are tho newly elected
officers of Post 548, or Wilkinsburg: J. McD.
Rosensteol, Commander; John Zollinger,
Senior Vice Commander; Charles McEnulty,
Junior Vice Commander; P. F. Hodge, Sur
geon: C B. Stewart, Chaplain; Robert Col
lins, Quartermaster; Morris J. Uickey,
Officer of the Day: John C L'vlngston, Officer
or the Guard: B. C Shalcr, Trustee; Ed
Fraltkowski, Representative; John Zol
linger, Alternate.
Tub officers or Post 59, McKeesport, for
1893 arc as follows: Commander, J. K. Scott;
Seulor Vice Commander, John Mentzell;
Junior Vice Commander, William H. Signet;
Quartermaster, Henry Stewart: Officer of
tho Day, W. P. Gilbert; Chaplain, John
Booth; Surgeon. J. L. Penny: Officer of the
Guard, J. K. Thompsom: Trustees, Nath.
Finch, W. P. Gilbert and Ruel Smith: Dele
gates, Natb. Finch and F. A. ChadwicK;
Alternates, J. W. Borland and Thomas Tlll-
urook.
Union Veteran Legion.
"Quiet Observer" (Erasmus Wilson), of
No. e, will let loose on tho boys to-morrow
night. Hear him.
H. J. Fclmer, the newly elected Colonel or
No. 6. has about completed his appointments
or n non-commissioned staff.
To-Mormow night Encampment No. 6 will
be entertained by a graphic description of
the Siege of Sabs.s:opol, Russia, In 1855.
Comrade Huqb Morrisox, of No. 6, is on the
downward path, and now is so low that ho
is a candidate for Councils in Allogheny.
This Is too bad, as Hujti was a good man
lust year. '
Comrade Edward S. Wriout, warden of
the Western Penitentiary, has written and
published u very neat little brochure on
pr!.-on discipline, the lesult of years or close
ou&ervauuxi.
Several members of No. 1 will bo at No. 6's
meeting to-morrow evening, and anions
them will be General A. L. Pearson, A. B.
Il.iy, Iter: J. P. KcKIe, Captain Danks and
otners. This being the last meeting ror tho
present Colonel, J. II. Stevenson, a good at
tendance is expected and a good time also.
Christmas presents in the way of pen
sions are lsported ror the past week by J.
II. Stevenson & Co: AnnaBeacov, Braddock;
Anna McGrath, Allegheny: Anna M. Ortli,
Pittsburg; Sarah McCartney, Pitts jnr.: M.
W. Altman. John If. McCoraitck, George
Itoblnson, George Clifford, Peter Grim,
Henry L. Ilobur,-. John W. Cooper, all or
Pittsburg: Henry Klern, Allegheny: sam .el
Smith, Allegheny; Phillip Schmidt, McKee's
Itocks.
SECRET SOCIETIES.
Owing to Increased demand on space, it
wBl bo necessary hereafter for those who
havo so kindly contributed to the Secret
SICK HEADACHE-c,,.,, wne WTer
SICK HEADACHE-carters Little Liver Plllf.
SICKT HEADACHK-c,,, MtUe UTer puu
SICK HEADACUE-Ctcr,f TjtUeUTerPlll,
I dM0-xw3ria I
Society column of Tins Dispatch to send
theircopy sous to reach this office Thurs
day night or"early Friday morning. Is
Distatch cannot promise publication ol
copy received later than Friday noon.
Jr. O. U. A. at
State. Vice Councilor Kerr has stated very
plainly that unless tbe deputies In the)
Western district visit the councils fre
quently, nnd aid thorn as they should, ha
will recommend their recall by the State
Councilor.
Goddess or Liberty Conncll. Daughters of
Liberty, ol Braddock, will hold a social la
their hail on January 9 The Committee of
Arrangements consists ol Mamie Benson.
Mrs. Annie Matchett, Mrs. Belle White, Mr
B. C. Stutzman and Mrs. I. E. Griffith.
The meeting o' Deputy State Council
held by State Vice Councilor WUIla
Kerr on Wednesday evening In tho h
Sons of Liberty Council 452. was the 1
meeting of its kind probably ever b
thu history ot tho order. Seventy-eigh
resentatlvea or as many councils were ,
ent. The new ritual was exempliCeo,
State Vice Councilor Kerr.
The social session of the Mnnongahei
District Association or tho Jr. O. U. A. M.,
was held last Tuesday evening in the lodg
room or Purity Council. Jr. O. U. A- M., of
Duquesne. It was one or the be-t meetings
held by the association. About 300 members
were present from the towns surrounding
in the association. E. II. McCleary, of Purity
Conncil, made tbefaddress or welcome, and
M. E. Hare, or McKeesport. responded to lc
Rev. J. T. Steffy, or the M. E. Cnurch or Du
quesne; Rev. F. V. Brown, of the Flrt
Christian Church. Braddock. and Rev. M. D.
Llchliter, ot tbe Sixth Avenue M. K. Church,
or McKeesporr, iuade good addresses.
Charles W. Gilchrist, or Tnbe City Council,
gave an oration. J. W. Sbanor. Samuel J.
Goodwin, J. M. Dumm, M. E..Hare, J. B.
Hersbey, C. W. Kerr and William Morrison,
with several others, made Interesting re
marks. After the exercises in tbe Conncil
Chamber, the assemblage went to a ball on
Dqnesns avenue, where the Ladles' Aid
Society, of the M. E. Cburcb, had prepared
an elegant suppor. The next monthly
session will be a business one, and held at
Dravosburg, Thursday evening, January
19. The next Social meeting' will be held
at Homestead in February.
Sr. O. U. A. at
Thomas A. Armstrong Council No. 291
havo added about 30 new members to their
roll dnring the term Just ending. The officers
for tho ensuing term will be elected next
Wednesday evening.
General Taylor Council, No. .398, Sr. O. V.
A. M., of Braddock, Mas appointed Messrs.
.7. E. Griffiths, P. a Knox. Prof. A. H. List,
Frank Wolferd and W. H. Speera commit
tee to arrange a complimentary entertain
ment for the friends of the members ot the
order to be given January 6.
General Lodge Notes.
Fort Pitt Lodge No. 170, K.of P., is In
itiating now members every week. Three
wero initiated this week and received the
rank of page, while three propositions were
also received. Grand Chancellor John J.
Davis was also present and was greatly
pleased with the work.
Anchor Castle No. 336, K. G. K, at their
last meeting elected two new members', con
ferred the comrade's degree upon two and
received two propositions. The increase in
membership for tbe present term is 21. Un
der tbe leadership of C. C Emerson, N. C,
tho work is going on nicely.
Star of Liberty Castlo No. 102; A. O.K. of
M. C, held a lively meeting on Wednesday
evonimr, it being nomination night. Quite a
number of new laces were seen In tbo Castle.
A number of stramrers were there. Tne old
war horses. Sir Knights U. H. Ulrica and
Robert Snowdcn, were on hand, alio Past
Commander John IL Cook.
The members or Braddock's Field Lodgo
No. 510, F. and A. M., of Braddock, held their
unnual election 011 Tnosday evoniiiz last
with the tallowing result: Worshipful Mas
ter, W. W. McCleary; Senior Warden, Theo
dore Davis: Junior Warden, Ed. It. Oskln;
Treasurer, H. C. Bhallenberger; Repre
sentative to Grand Lodge, K. U. Holland,
Esq.; Trustees. Captain W. S. Brown, E. B.
Oskin and W. B. Lucas.
A very interesting meeting wns held on
Thursday evening by the Thos. A. Arm
strong No. 1330, Knights and Ladles of
Honor, at which the following officers were
rlectod: Protector, Mr. Nannie Jnpe; Vieo
Protector, Miss Sadie Hare; Past Protector,
Mrs. M. Eowhl: Chaplain, Mrs. Caroline Ia
glis; Financial Secretary, Alex. Little: Re
cording Secretary, L. Kaltsh: Guide. I. Wolf;
Treasurer, 31 rs. Anna M. Williams; Guardian,
Mrs. Maggie t'appcl; Sentinel, Henry L.
Bergcr.
C0BEIGAN IS PLEASED.
The Archbishop Expresses His Good Will
Toward Father SIcGlrnn.
New York, Dec 24. Archbishop Corri
gan this morning gave out tbe following
written statement regarding tbe McGlynt
case: "The Archbishop has learned with
great pleasure the good news published in
this morning's papers of the return of Dr.
McGlynn to the communion of the church.
At the proper time, I will not say when, I
will express to the Most Bcverend DelegatO
Apostolic my thauks for the good offices
His Excellency has tendered in the
premises."
A reporter afterward had a personal inter
view with the Archbishop, and asked him if
Dr. "McGlynn would be assigned to his old
parish of' St. Stephen's. The Archbishop
said: "I must decline to say anything
iurthr than is contained in the written
statement to the press."
F0BCZTJ TO MUBDES AND SUICIDE,
Despondency Drives a Poor Woman to
Commit a Donble Crime.
Patterson, If. J., Dec. 24. Mrs. Aliea
Falkner, 40 years old, a servant at Mrs,
Daw's boarding house, No. 36 Ward street,
and her daughter, Florence, 12 years old,
were found dead in bed this morning. The
mother had evidently choked the child to
death and theu smothered herself.
Despondency is supposed to have been
the cause lor the act. Mrs. Falkner had
recently been deserted by her husband, who
was a soldier in the British army, and
whose release she purchased with money
saved from her scanty earnings in the mills
here. An empty whisky bottle was found
in the room.
An Old Woman Burned to Death.
New Yokk, Dec. 24. Mrs. Elizabeth
Bogers, 78 years of age, was roasted, to
death in a lire at her son's residence at 33
Quincy street early this morning. She was
in a room on tbe second floor and was too
ieeble to move. The firemen had difficulty
in rescuing the other members of tbe fam
ily who were asleep and were badly choked
bv smoke.
When Baby was sick, wo gave her Castoria.
When she was a QaDd, she cried for Castoria. '
When she became Miss, she clung to Castoria,
When she bad Children,sto gave them Caatsxia
EPILEPSY OR FITS.
Can this dtseaso be cured? Most physicians say
Kb fsiy,Tcs; all forms and the worst cases. Af
ter 30 years study and experiment I have found th
remedy. Epilepsy is cured by It; cured, not sub
dued by opiates the old, treacherous, qcsck treat
ment. Do not despair. Forget past impositions on
your purse, past outrages on your confidence, psst
failures. Look forward, not backward. My remedy
Is of to-day-. Valuable work on the subject, and
large bottle of the remedy sent free for trial!
Mention Fost-Ofllce and Express address.
Prof. W. H. PEEKE, F.D.,4 Cedar St,,Kew York,
drli-iea-wksn
UKOKEBS FINANCIAL.
established ish.
John 1VL Oakley & Co, .-f
ISAXKEK3 AND BKOKEttd, - . "
15 SIXTH ST. itk
Direct private wiro to Xew Torfe and Chfi'
cage Member Kew York; Chicago and Plttig'
burg Exchanges. ' "'
Local secuxitlei bought and sold for axiXt
or carried on liberal margins. -' v
Investments main at oar discretion aal
dividends paid quarterly. T?
interest paid on balancs (sinco lseii
Monev to lca.n nn calL .JBL
lniormatlon boaits on all markets .mallei'
ou application. lei,
Whitney & Stephenso
57 Fourth Avenue.
I ' I
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