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Pittsburg dispatch. (Pittsburg [Pa.]) 1880-1923, May 24, 1891, SECOND PART, Image 13

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W fonvxti
k SOCIBTIES e'
All communications for this department
should he mailed to reach The Dispatch not
later than Saturday morning. Eeasonahlo
space ti ill be freely piven to all organiza
tions classified under this heading.
Jr. O. TJ. A. M.
Ho, for Cleveland.
A Jr. O. TT. A. M.parade will take place at
Hazcltqn, Pa., July i.
Brother J. A. Mcrarland, of Lorena Coun
cil, died Friday. Funeral to-day.
The Council recently instituted in Bridge
Villc, Pa, ill hold a picnic July i.
State Councilor Collins returned home
from Lancaster. Pa, Monday morning.
The afteeuth anniversary of Smoky City
Council No. 119, will be celebrated nest Fri
day evening.
The Jr. 0. U. A. M. will be largely repre
sented in the parades and other observances,
on Decoration Day.
State Councilor Collins will attend the
meeting of Invincible Council No. S3, Mon
thly evening. Visitors from a number of
other councils will be present.
The corner stono of the new school house
at Wilinerding, Pa, was laid Saturday after
noon by State Councilor Stephen Collins.
The exercises were in charge of North Star
Council No. 490, of that place.
Brother Luther Snoop, of Manorville
Council No. 290. rased throuch the city
Tuesdav, on his wav to Los Angelo, Cal,
where he expects to locate permanently.
Ho will also try to organize a council there.
A living monument has already been
erected to the memory of onr late Junior
Past Stato Councilor, by the organization of
J. P. Winower Council Xo. CIS. It will bo
composed of quite a number of the brightest
young men of this city.
Councils will soon begin to elect delegates
to the next State Council. A word of advico
ma j-not be out of place. Brothers remember
our exalted principles are ever at stake, but
at no time i- it as necessary to have the
f uturo well being and prosperity of our order
at heart as w lien we select the men who are
to make the laws for our government and
to outline the policy v Inch our organization
is to pursue. Let the men you select bo
sober, industrious, intelligent and conserva
tive representatives.
At the meeting of Benjamin Franklin
Council SIS, 102 Fourth avenue, Tuesday
evening, there will ba a number of special
feature-.. Two pi omincnt voung men of this
city ill be initiated, and the State Councilor
and about 20 Deputy Stato Councilors will be
present Among other visitors will be How-,
ard L. Calder, Lsq, a prominent young at
torney of Harrisourg, ihois Deputyfctate
Councilor, and ono ot the hard workers of
the Middle district. Every member of the
order is invited to be present, and they will
not regret being there.
Connellsville is promised the lanrest and
most enthusiastically patriotic Fourth of
July in her history, savs the Courier of that
city. The American Mechanics are getting
down to work in earnest to make- their big
parade a grand success. They have been
spun ed on to this by the recent Socialistic
speeches and demonstrations in the coke
region. The red flag has been peculiarly ag
gravating to the intense patriotism of the
American Mechanics, and they are anxious
to show the rabble who rally under it how
well American labor loves the American
flag. From present indications the demon-
sn-auon win no tnc largest ever witnessed in
Western Pennsylvania.
B. T. O. Elks.
The next Grand Lodge meeting and re
union will be held at Buffalo.
The grand social session and ball given at
the Auditorium was a marked success.
The Denver delegates wore badges of solid
silver, 'with the features of Vivian, the
lounucr ui uie x.iks, in renei.
The beautiful floral representation of the
National Capitol, brought by the Washing
ton Lodge, was admired by everyone in
The Pittsburg and McKeesport lodge mem
bers who attended tho Louisville reunion
speak very highly of the manner in which
they were received and entertained.
Tho Chicago Lodge Xo. 4 gave a grand re
ception last Tuesday afternoon at Louisville
to their brethren in Union Hall. Champagne
punch was one of the features ot the enter
tainment. At the conclusion of the social session at
Louisville last Monday evening, the stage
was given over to dancing, while refresh
ments were served in the rear. The dancing
was kept up until 2 o'clock; when "Home,
Sweet Home" was played by the band, and
the ball broke up and the fun was over, but
the pleasant memories of it will linger for
many n day. The Elks' ball was certainly a
grand success.
Brother a B. Hav, of Washington Lodge,
the cliainnau of the grand social session,
opened tho session last Monday night by a
humorous speech, in which he paid many
compliments to the ladies, and introduced
Governor'Buckner as tho speaker of tho
evening. Speeches were then made bv
Major Alfred Orendorff, of Springfield, IlC;
John H. Dec, Boston; Major Armstrong,
Cleveland: Dr. Quinlin, Chicago; Hon. Bovd
"Winchester, Louisville; F. S. Parson, Louis
ville; Hamilton E. Leach, Washington, and
Rev. H. G. Perry, Chicago. Tho presentation
of the prize banner was made to Washing
ton (D. C) Lodge by Colonel Harry Wcissin
ger, ami a handsome solid silver gavel was
presented to the Grand Exalted ltuler. Dr.
Pinion Quinlin, of Chicago, by Judge Hollo
Wells, of Pueblo, CaL, on behalf of the
Pueblo Lodge.
Protected Home Circle.
Last Liberty Xo. 59 added two to the role
last week.
Pittsburg Xo. 4$, initiated a number of
candidates last Saturday evening.
July 15 will be Protected Home Circle
day. Placo and time of trains later.
Mt. Washington Xo. 2L meets Tuesday.
Work is expected for tliat evening.
The McKeesport Circle reports a boom in
the order there Dr. Frank IV". Burlingame
is hustling for it
Banner Circle Xo. 38, at Sharpsburg, is
booming. Sister Mollie L. Cricks is a worker,
and is getting members
Allcnto'B n Xo. SO meets Monday evening at
Incline HalL The Supremo Organizer will
be present at this meeting.
Triumph, of Allegheny, is doing finely
withameuibciship of CO and three candi
dates for its next meeting.
Charles Schliser, of Allegheny, is pushing
tlieGennaneircle with the assistance oflC
C Xcudal, of the postolhoe.
With the instituting of tho new circle at
Duquesne Hcit!lit, the order has a member
ship of over 500 in Pittsburg.
Dr. Hugh McXary, late port phvsician of
Sharlot Harbor, Florida, is Medical Exam
iner for Peerless Xo. 75 at Duquesne Heights.
Wednesday evening, May 27, Supreme Or
pmizcr W. S. Bailey will institute a circle at
Diuiuesne Heights, in Grand View Hall, with
24 charter applicants.
A meeting of the General Committee on
ricmc. N called for Wednesday evening,
June !0, 7-45 o'clock, at Solon Hall, 09 Firth
avenue. J. 11. Johnson is Chairman cndW.
fc. lUiley, secretary.
Order of Solon.
Deputy Davis organized lodges at Boston
mid McEeesport smce May L
Supreme Vice Piesident McMillen has Just
returned from a trip to Johnstown.
Deputy Samuel C. Beatty reports flvo new
members tor next meeting of Allegheny
Lodge Xo. 2.
Central Lodge Xo. 37, of Allegheny, is look-ThK'.ip-mtu
new-material, bixnewmembers
ntn add.xl to the roll since May L
1-m!i ti pi !-rii t outlook. Success Lodge
Xr. KJJ -. .; iiine into tlm fifth placo inifie
Hour nitiirv. Its i.ieml:rs aio great work
el's. The Nwp'vino Provident ronorts several In
itiates Kir lUll Lodge Xo. 7," to be received
nt its next itsrular meeting, Tuesday even
ing. May 20. o. j
- Deputy Glauser has turned upat Franklin
Pa. An orjeu nieetinir vn lipid at time
place Wednesday evening and largely at- J
tended. The result tras a lodge of Solon.
Supreme President Ball and Supreme Treas
urer Godfrey were present. ,
Tno Board of Supreme Trustees has re
ceived during the past four weeks applica
tions for loans aggregating $50,000, at 6 per
cent interest.
The special session of the Supreme lodge
will convene to-morrow. Representatives
from all parts of the country are expected
to be present
Eintracht Lodge No. 104, has moved into
handsome new quarters .at Incline Hall,
Knoxville. Regular meetings first and third
Tuesdays of each month.
Star Lodge No. 5 will entertain its friends
Thursday evening, May 23. A select pro
gramme has been arranged, and a large
attendance is expected.
The Heptasophs.
Greensburg Conclave had 11 applications
at its last meeting.
J. K. Moorehcad Conclave has challenged
McEeesport Conclave.
There has been an other good increase in
the order during the last month.
The county conclaves are doing propor
tionally better than the city conclaves.
Friendship Conclave Xo. 3 has been doing
very good work during the present year.
The Alpine Quartet, of this city, will ap
pear for Mt. Pleasant Conclave Monday
evening.
Mt Pleasant Conclave will give a recep
tion in the Mt. Pleasant Opera House to
morrow evening. ,
J. TY. Cruett, one of the Supreme Trustees,
met with tho misfortuno and loss of consid
erable property by a flro during the week.
The conclaves will be redistrictedand con
ventions orderedfor tho selection of district
deputies as soon as the same can be ar
ranged. SuprcmeOrganizerEdwardF. James, from
Philadelphia, is in the city on business con
nected with his department, and to hold a
conference with the Supreme Archon.
Under the lawns adopted at the last Su
preme session the subordinate officers are
now agents of the members. They should
be now interested in making good selections
to fill the responsible positions.
C.SLB.A.
The father of Attorney J. M. Bourke, mem
ber of 34, fell a victim to the poisoned
sturgeon last week. Members tender Brother
Bourke their sympathy In his great loss.
Tho C. M. B. A. excursion to the Thousand
Isles, July 20. is now tho principal topic in C.
M. B. A. circles in this city. The fare for the
round trip has been placed at $12, good for 15
days. Xames will te received Dy J. M.
Molanphy, Liberty avenue and Thirty-third'
street.
Xew branches are now under way in St.
Mary of the Mount and Holy Cross, South
side, and St, Peter's, in Allegheny. Deputy
F. J. Brady will holding a meeting at 1
o'clock this afternoon at Holy Cross School
Hall. The annual convention of tho L. C. B.
A. will bo held July 20 in Corry, Pa.
Branch 34, East End, is making great
Preparations for their open meeting next
riday evening.May 29, in Odd Fellows' Hall,
Frankstown avenue. Musical and literary
attractions will constitute the programme.
Members of sister branches are cordially in
vited to attend. This branch is looming up
in members: having elected no less than
seven last Friday evening, one of them bo
ing a priest.
Sexennial League.
Five new members last month was the
record of Xo. 43.
The League now has 28 districts, is S3
months old, and has called 36 assessments.
Twenty-one new lodge's were instituted
last month. Seven were sisterhood lodges.
Tho Sexennial League is getting over 1,000
new members every month, is rapidly ex
tending all over the country, and has lodges
In Xova Scotia. Xew Mexico and Canada.
All the local lodges are increasing their
weiuuersuip.
Brother J. C. Miller, of Xo. 43. is doing well
at his new venture in McKeesport. Brother
Alva Borland is prospering also in Blalrs
villo. Brother George Hill, of Xo. 170, con
templates a change in his domestic relations.
We can congratulate him.
L O. G. T.
Duncan Lodge is still increasing in mem
bership wonderfully.
Friendship Lodge has initiated 21 candi
dates during the last quarter.
Lawrence Lodge had no initiation last
meeting night, but had a large number of
visitors.
West Manchester Lodge has appointed a
committee to make arrangements for its an
nual Fourth of July picnic
It would be a good idea for the delegates
to the next session of tho Grand Lodge to
use their efforts in trying to get the Grand
Lodge to hold a session in Pittsburg or Alle
gheny some time in the near future.
Tho semi-annual convention of the Alle
gheny County District, Independent Order
ot Good Templars, was held yesterday in tho
West Manchester Lodge Hall, Ohio and West
Diamond streets, Allegheny. Fifty delegates
were present. District Chief Templa W.
W. Calpass, of Tarentuin, presided. The
morning was taen up by "organization and
other routine business. In the afternoon
resolutions were passed reaffirming the
stand previously taken against all traffic in
liquor and indorsing the use in schools of
the scientific temperance Instruction books.
Several addresses were made showing that
the district is In a prosperous and united
condition. The election of officers was held
and those elected are: District Chief Tem
plar, Harry E. Johnson; District Chief Coun
cillor, Thomas N. Kev: District Vice Tem
plar, Laura Donnell; District Superintend
ent, K. K. Thorne; District Secretary, Omert
Haggerty; District Treasurer, W. F. Itay;
District Chaplain, W. a Fuller; Marshal,
Benjamin Elkins; Guard, W. F. Dickens;
Sentinel. W. X. Baker. These officers wero
installed and the convention adjourned.
General Lodge Notes.
Tho next regular meeting of Reliable
Counoil 56, L S. of I, will be held next
Thursday evening, May 28, at Engineers'
Hall, Xo. 19 Federal street, Allegheny, at
which time officers will be nominated for
tho ensuing term.
Mt. Washington Lodge 332, K. of P, al its
meeting last Thursday evening conferred
the rank of Pago upon three candidates, the
rank of Esquire upon two, tho rank of Knight
upon tno and received flvo propositions for
membership. D. D. G. C. David Deakin was
S resent and said ho -n as proud of the manner
i which 333 is doing the work.
The Board of Managers of the Chosen
Friends Sick Benefit Leairue of the Western
District of Pennsylvania met at Wilkins
burg last Wednesday, when a full number of
members were reported on the rolL Certifi
cates will be issued Juno 1, and the next
meeting of tho board will be held at Mendel's
Hall, Allegheny, at 8 o'clock, Friday, June 5.
The Grand Lodge, I. O. O. F, met the past
week, and showed the order has gained
nearly 5,000 members, having -LOOS lodges in
working order now. The District Deputy
Grand Masters arc: For Middle District,
Thomas Mathews; Xorthom District, James
B. McMeans; Southern District, Charles F.
McElhatton; Southeastern District Cleon
Gicquelais, of McKeesport
Members or Union Lodge Xo. 87, A. O.U. W,
turned out in eoodlv numbers last Friilnir
night to listen to an address by Bev. F. H.
i osier, pastor ot tno iignteenth street M. P.
Church, of tho Southside, and they were
gratified far beyond their most sanguine ex
pectations. The reverend gentleman is a
member of Erie Lodge Xo. 59. Jurisdiction of
Xew York, and promises to visit Union
Lodge often. Xoxt Friday night this lodgo
will nominate its officers for the ensuing
term, and a lively time is expected.
Six months ago a young order known as
TheShieldcamoquietly into thecity.and was
established with-aDout 20 youhg men as
charter members. Tho supreme officers
promised that the order would pay $100 for
SCO, the latter amount to be paid in In assess
ments of H each. More or less distrust was
placed in the scheme, owing to the failure of
several similar organizations. During the
past week, however, the members wero
notified that their money would bo paid
them on May 23, the dity it is due. On that
evening a complimentary entertainment
will he riven in Sailer's Hull, nnmoi- Smifh.
field and Diamond streets, where there will
be recitations and music by well known
local talent, and an address by the Supreme
Past President of the organization, ho will
cash the certificates of the members, giving
each a check for $100.
The thirty-eighth annual conclave of the
Knights Templar of Pennsylvania will be
held in Eric commencing Tuesday at 3 r. M.
About 450 Knights will go from. Pittsburg
and Allegheny, and many of them will be
accompanied by ladies. Pittsburg Com
mandery Xp. 1 wiU go by the P. 4-L. E, 200
strong. This commandery has secured 60
rooms at the Becd House, where . the head
quarters of the 'Grand Commandery will be
hold. Ascalon Commandery Xo. 59 will go
by the E. & P.i and will send 75 members and
ladies, .Allegheny Commandery Xo. 35 will
also go by tlip E. & P, and will have 125
members, accompanied bv ladies. Theso
latter twu cciiiiikindcrics will go in a special
train or Pullman cars, on which they will
remain while in Eiic Various members of
Tanered Commandery Xo. 48 will accom
pany Ascalon Commandery, and Xo. 50, of
Washington. Fa., will accompany Allegheny
Xo. 35.
Badges for lodges, societies, etc. Fine
and reasonable.atMcMahonBros. &'Adams',
2 Fourth aveun su
TTFPt
THE
THE TREND OF TRADE.
Two NiceTroperties Picked Up in the
Bustling East End.
FIGUEES ON ELECTRIC LIGHTING.
low t Interest Bates Tend to Drive Money
Prom the'City.
THE FEATURES OP LOCAL SPECULATION
The Mrs. Tomer property, on Center ave
nue, near Liberty HaU, consisting of a large
lot, two dwellings and a, store, changed
ownership yesterday at a price closely ap
proximating $13,000. It was purchased by
Mr. E. M. Chessman as an investment
Sheriff McCleary has bought, or will buy
in tho next few days, 60x200 feet running
from Oakland avenue to Atwood street,
from James McKnight, for $9,000. He Intends
to build a home for himself on this property.
The price is considered very reasonable for
that locality.
Electric Lighting In Pittsburg.
It has been stated in this column, on good
authority, that there are more incandescent
electric lights InPittBburg than in any other
city in tho United States. There are three
local companics-rAUcgheny County, East
End and Westinghouse, and business is
pretty evenly dividod between them. The
following tablo shows the exact number of
Incandescent lights connected In t circuit
each month by the East End company
since Its organization, January 20, 18SG, up
to the end of the year 1S90. The business of
this company is largely that of residence
lighting:
1890.
January
February
March
April
May.
Jane. ....,
July. ,
Augu&t ,
September ,
October
November
December ,
11,855
12,261
13,001
14.65S
15,955
16,632
17,107
17,878
18,242
19,072
19.308
20,134
Business has increased rapidly this year
in consequence of the large number of
buildings that have been erected, and the
number of lights now in the circuit Is" about
50,000.
A Capitalist Talks.
Eeforring to interest rates on money,, a
Fourth avenue financier said yesterday:
"Borrowers mako a mistake by trying to get
money below 6 per centMy experience Is
that the majority of persons who have
money to loan feel that it is worth at least 6
per cent per annum, and if they can't get it
one way they will another. They will put it
Into stocks and bonds, of which there Is a
large variety in Pittsburg, most of them per
fectly reliable, or they will invest in iron,
copper or lead, where, as a general thing, 7
Ser cent is assured. Thus borrowers in try
lg to keep down tho rate of interest make
money scarcer by forcing it out of the city,
and aro the principal sufferers. Pittsburg is
so prosperous, there are so many openings
for profitable investment, that so-called
cheap money is next to impossible.
"Capitalists are generally satisfied with 6
per cent on loans, and, all things considered,
it is only a reasonable price for Pittsburg
borrowers to pay."
Business News and Gossip.
The air yesterday was full of rumors of
war between the Pittsburg and Duquesne
Tractions.
There were 26 bids for bank stocks yester
day and only four offers.
The anthracite coal trade exhibits signs of
improvement, and it is thought that by the
time warm weather sets in the trade will be
very active.
Ten bankers in Wall street have each put
ud $60,000. making a total of $600,000 "with
which to pay tho interest on $100,000,000 of
gold, which they are going to buy and hold
for 60 days. They intend to compel England
and Eussiatopaya handsome premium on
the gold they buy or leave it in this country.
General John M. Corse, who, by the way, is
a native of Pittsburg, has decided not to take
the position of General Manager of the Flint
and Pero Marquette Railroad.
It is stated officially that nearly enough of
the Westinghouse Electric stock has been
sent in to the Mercantile Trust Company,
assenting to tho plan of reorganization, to
guarantee the announcement of tho adop
tion of the latter at the meeting on Juno L
President Thompson, of the National Lead
Trust, in which many Pittsburgers are in
terested, says that the subject of increasing
the dividend has not been considered, nor is
there any proposition to reduce the capital
ization. He adds that business is in a pros
perous condition.
Low prices are a better basis for bull spec
ulation than high, and no one realizes this
fact better than the large stock operators.
ltailroad Earnings Pittsburg and .West
ern, second week May. net decrease, $3,099.
.Iowa Central, second week May, net de
crease, $2,485. Northern l'acinc, secona weeic
May, net decrease, $20,612. From January 1,
net increase, $345,964.
The Building Becord.
.During the past week 27 building permits
were issued, representing 32 buildings 3
brick, 28 frame and 1 ironclad, the total post
of all being $24,693. The Thirty-second ward
led with seven buildings, followed by the
Thirteenth and Twenty-first with four each.
The number of permits taken out the pre
vious week was 45, representing 48 buildings,
the estimated cost being $35,365. Number of
buildings for which permits have been
granted this year to aate, to?. lesteraays
st follows:
John.Friend, frame two-story dwelling, ISx,
32 f eet, on Hanan street, Thirteenth ward:
Cost, $1,100.
William Gruneberg, frame two-story and
mansard dwelling, 18x32 feet, on Journal
street, Thirty-fifth ward. Cost, $370.
James Hester, frame two-story dwelling,
14x28 feet, on Dairy street, Twenty-first ward.
Cost, $900.
William H. Myers, frame addition one
story kitchen, 8xi6 feet, on rear Jones ave
nue, Twelfth ward. Cost, $30.
3Iovements in Bealty.
C. H. Lovo sold the property Xo. 310 Forbes
street, lot 20x120, with a brick dwelling, for
Mrs. Knost, for $5,500 cash. J. Wehner was
the purchaser. '
The Aspinwall Land Company sold the fol
lowing lots in their plan at Aspinwall, Pa.:
Xo. 36, 50x100, to Sarah E. Marshall, for $800;
Xo. 37, 50x100, to Annie E. Laurence, for $800;
Xo. 33, 50x100, to M. H. Marshall, for $800; No.
47 and.48, lOOxlOL to Frank K. Patterson, for
$1,830; Xo. 323, 25x100, to Matthew Kobinson,
for $300 "Xo. 321, 25x100, to William B. Kobin
son. for $300.
Baxter, Thompson & Co. sold three lots in
Bank of Commerce addition plan, Brushton
Station, together fronting 120. feet on the
north side of Bennett street by 137 feet to a
20-foot alley, for $2,530.
A. Z. Byors & Co. sold for M. M. Ritchie to
M. D. Eowland six vacant lots, 25x150 each,
fronting on Broadway, Coraopolis, for $2,600.
Kelloy & Eogers sold for James Parker to
JohnW. Martin 25 lots on Dairy avenue.
near the Larimer avenue bridge, for a price
approximating $L200; also sold 42 lots for A.
G. ilcGonagal.in his plan at the termination
of the new Larimer avenue bridge, for prices
ranging from $225 to $400 each; also sold for
Miller Bros. 2 lots on Grazier street to the
Homewood Sub-District School Board, for
$1,500: also sold for Mrs. Sargent nine lots on
Euclid avenue to Win. Fox & Co. for $9,000;
also sold for Fox & Watklns a house and lot
on Euclid avenue for a price approximating
$5,000; also sold to a prominent business man
fn o brick houses in the Twenty-first ward
for Mrs. Caroline Groff for a price approxi-
mauug ?w,uuu. Aiieyaisomaaeseverai other
sales during the week.
Heed B. Coyle & Co. sold for Mrs. Caroline
E. Leonard, of Corpus Chrlsti, Tex, the
.property Xo. 16 Carroll street, Allegheny,
being a trame dwelling of six rooms, with lot
20x06 foot to Alpine avenue, for $2,600 cash.
Black &Balrd report tho following addi
tional sales in Ellwood: Lot 822, to Wcitz i
Bros, for $160; Charles Meune, lot 931 for $500;
John G. -Simpson, lot 862 for $500: J. M. B.
Brackemeyer, lot 853 for $500; A. W. Harbison,
lots Xos. 934 and 9S5 Tor $1,000; K. Monford, lot
725 for $600r E. 8. Kelly, lot 713 for $600; Connor
5?IyejL9SS85)r$6)0i 'J.W.Knox, lots Nos.
745 and 746 for $1,100:
John K. Ewing & Co. sold for Bobort Barr
to the Plbneer Savlng.and Investment Com
Pan& of Allegheny City, the property Xo. 75
Shcflleld street, Fifth Maid, Alleaheuy, con
sisting of a small frame honse of three rooms
nud a frame, stable, lot 20x124, through to
Hamlin street, for $2,450 cash.
J. E. Glass sold-for A. U. Watkins to Josiah
w hitehouse, lot Xo. 76 in Alequippa place
plan. Thirteenth ward, for $350.
Samuel W. Black & Co. sold a new Queen
Anne brick house or 12 rooms, with all
modern Improvements, for a price approxi
mating $10,000. The purchaser will occupy
the same in the near future.
u. - auiiio a, uu. buiu lor Asauore iu I
Aaron a two-story frame dwelling of flvo
m. r. nipple & Co. sold for Isadore H.
1836. 1887. 18S8. 1839.
82 8241,723 4,197
170 8991,735 4,63
225 9301,763 5,035
290 9801,801 5,653
3101,01G1,87T 6,917
3881,030 2,052 7,831
4401,103 2,120 8.525
6001,240 2,330 8,867
301,3612,453 9,416
893 1,583 2,606 10,243
6021,690 3,38310,963
662 1,703 3,996 11,503
PITTSBURG DISPATCH;'
rooms, with lot 36x100 feet, situated on the
west side of Burrows street, Fourteenth
ward, for $2,600. - j
HOME SECURITIES.
A PERIOD OF LIGHT TRADING AND-
OP SHRINKAGE IN VALUES.
The Market in a WaltlnB Mood in Conse
quence of Unsettled Foreign Affiiirs
Strong and Weak Features Careful
Keview of tho Week's Operations.
Tho pa3t week was ,a dull ond so-fat as
trading in local s'tocks was concerned. For
this the. unsettled condition of European
affairs was no doubt directly responsible by
inducing hesitation oil the part of investors.
Conditions were greatly improved yesteiv
day, however, and the worst was thought to
he over. Nety York was active and strong,
while Europe was decidedly bullish on
American stocks. The Xew Tork bank state
ment was favorable, inone was easy, and a
better tone prevailed generally. ,
A. J. Lawrence & Co, In their weekly letter
roviewing local financial affairs, say: "The
past week witnessed a dull, waiting market.
There seemed to be something in tho air
which deterred trading, and although there
were some investment buying of bonds and
speculative purchases of tno traotion stocks,
the market was not up to the average of
previous weeks. It may be far-fetched to at
tribute this state of affairs to the unsettled
condition of foreign flnances, and yet we be
lieve that this statement may be demon
strated.
"Wo are an Important link In the financial
chain which girdles the globe, as may be
Judged from the faot that the banking capi
tal or Allegheny county is consmeraoiy in
excess of $100,000,000, or larger than any one
of a score of States and Territories of the
United States. A strain upon any single link
is felt throughout the entire chain. In that
mannerwomaybe said to havofelt the strain
abroad, but at tho same time it must be said
that the recent official test by the Controller
of the Currency proves our 'link' to be one
of the strongest In the country.
"There is another channel through which
we have been influencedbycurrentflnancia
events. There has always been an. active
speculative element in Pittsburg, and since
the lapso of tho oil trade this element has
cravitated to Wall street The securities
dealt in in the latter market have been di
rectly affected by gold exports, and the feel
ing of local traders has reflected the hesita
tion which has marked dealings in the East
This view of the situation strengthens the
conviction that improvement abroad and In
Xew York will be felt here, and as no city
in tho country of tho size of Pittsburg can
eqval our list of home securities, we aro
almost certain to have an active market
"In a speculative way, Westinghouse Elec
tric was dead, but in all that goes toward
putting the company in good shape) active
progress has been reported. During the
week a considerable amount of stock was for
warded to the Mercantile Trust Company
assenting to the proposed plan of reorgani
zation. The consensus of opinion among
holders appears to be that the plan offers
the best solution to tho problem, that the
largest Individual interests have indorsed it,
and that delay in its ratification means loss
to the company innew business which might
be accepted were tho additional capital to
be secured by the reorganization immedi
ately available. It Is to be hoped, therefore,
that prompt action will be taken by all
stockholders, in aiding the officers to put
the company on its feet before the summer
and fall trade is passed.
"Traction stocks wero comparatively act-,
lvo and promise to become more so. The
announcement of a cut in ra'es byme of the
lines competing for the East Liberty Valley
traffio adds a new element to the specula
tion, the result of which cannot be foreseen.
The sharp advance in Airbrake and Under
ground cable is regarded in some quarters as
a significant indication of Mr. Westing
house's success in Electric."
The only feature of the market beyond the
ordinary was renewed interest in the Trac
tions, the new ones being the favorites. This
was due to the starting of the Duquesne, to
apprehensions of a spirited rate war and to .
talk of possible combinations or consolida
tions. These influencej were both bullish
and bearish and served to enliven the nn
nnusually dull routln-j of office and street
talk. Theresu'tof all this was to cause the
street railways, for the first time in their
history to overshadow tho old time favorites
Electric and Philadelphia Gas. Hence
forth their position as the leaders of the
market seems to be assured. Their import
ance in the work of developing the city jus ti
nes inis prediction.
Yesterday's final bids, as compared with
those of the. previous Saturday, show that
concessions wero made in Chartiers and
Philadelphia Gas, Central, Citizens' and
Pittsburg Traction, PleasantValley, Luster,
.Electric ana juonongahela Water company
all confined to fractions excepting Pitts
burg Traotion, which fell off $6 a share, and
Electric, which lost $L Xew York and
Cleveland Gas Coal was offered down
point at yesterday's call. The gains were
Pipage, Wheeling Gas, Secona Avenue
Street Railway, Hidalgo Mining, Airbrake
and' Standard Underground Cable all
trifling excepting Second Avenue, which
added $2 50 to its credit; Airbrake, $2 75, and
Cable, $6. The reStof the list was steady,
and in the main featureless. Total sales for
the week were 1,991 shares, Duquesne Trac
tion leading with 550, followed by Birming
ham with 390, and Electric with 356.
Yesterday's sales wero 75 shares of "La
Noria at 25 cents, 50 New York and Cloveland
Gas Coal at 3 PJ Luster at 12 10 Pitts
burg, Virginia and Charleston Railway at
45K- Closing bids and asking prices for the
week are appended:
' BANE STOCKS.
Bid. Asked.
.. 66
.. M
,. 63)4 ....
.. 66
..215 -.,..
Arsensal
Bank of Pittsburg
Citizens' National Bank
City Deposit
DUmpnd,Natlonal Bank
DnauesnaNational Bank
175
Exchange National Bank. 83)4
85
Farmers' Deposit National Bank 550
First National Bank, Pittsburg 175
Fourth National Bank 123
Freehold 60
German National Bank 805
Iron City National Bank , 82)4
Keystone Bank of Pittsburg 75
Liberty National Bank 102
Marine National Bank 110
Masonic Bank 65
Mer. &Man. National Bank 64
Mechanics' National Bank .7. ' ....
Metropolitan National Bank 110
Monongahela National Bank 129
Odd Fellows Savlnirs Bank 70
Pittsburg National Bank of Commerce. 2M
Pittsburg Bank for Savings 250
People's National Bank 180
Safe Deposit Company. 63)4
Third National Bank 125
84
113
GAS STOCKS.
Allegheny Gas Co. (Illnm.)
Pittsburg Gas Co. (Ilium.
Southside Gas Co. (Ilium.)
HATtTOAi: QAS STOCKS.
Manufacturers' Gas Co ,.
Ohio Vallev
Bid. Asked.
, 42
45
.72
Bid. Asked.
24
.20
People's Nat Gas and PlpeageCo.
9ft
12)4
18
10
PhlladelDhla Co,
lac
Wheeling Gas Co,
FASSEXGEH SAIL WAT STOCKS.
' Bid. Asked.
Central Traction 18)4 19
Citizens' Traction 67)4
Pittsburg Traction 32
Pleasant Valley 24)4 25
Second Avenue 52)4 55
SAILBOAT) STOCKS. . ""
. , , Bid. Asked.
ruts., mca.. anu longn. a. k. jo go
Pitts., Va. 4 Charleston B. B. Co 4S
Pitts., Wheeling &Ky 50
COAL STOCKS.
Bid
N.T.4C, Gas Coal Co 37
BRIDGE STOCKS.
Bid.
Ewalt (Forty-third street) 60
Hand Street '.
Point 10
Point pref.
43
Asked.
39
, Asked.
50
1!!4
20
JIININO STOCKS.
Bid. Asked.
Hidalgo Alining cos 4
La Noria Mining Co 30
Luster Mining Co 12W
Silverton Mining Co IX
31
12?4
ELECTMC STOCKS.
Bid. Asked.
Westinghouse Electric 13)4 14
MISCELLANEOUS STOCKS.
Bid. Asked.
Monongahela water Co 27)4
Union Switch and Signal Co 8
Union Switch and Signal Co. pref....; 23
Westinghouse Air Broke Co 94 96
Standard UndergroundCable Co 64 70
At New York yesterday the total sales of
stocks wero 191,123 shares, including': Atchi
Bon, 13,900; Louisville and- Xashvlllc, 9,935;
Missouri Pacific, 2,300; Xorth American, 1,740:
Xorthern Pacific preferred,, 4,0S5; Richmond
and West Point, 1,943; St. Paul, 64,274; Union
Pacific, 12,030. .
AMONG THE BAHKEBS.
A Good Business Becord for the Week; but
No Bosh.
Money in this market was in large supply
and ruled easy all week. Loans-, wero made
In the regukyr way at 67 per cent as the
extremes. This was shaded in somo in
stances by private capitalists, who accepted
6 per cent. Reports from all the financial
centers were to tho effect that funds wero
abundant at 46 on call, 5 being tho prevail
ing figure.
The country has been shipping goldabroad
at a rate to cause anxiety in the East, but
England and the Continent have received
the yellow metal with a sense of relief, and
neen greatly impressed witn tne miie ais
luruaiico ic nas caused on tnia sloe oi tiio
ocean. The rate for money on call has not
wr
' SUNDAY, 'MAT 24y
been affected. This fact, indeed, is an Im
pressive one, and raises the credit of the
United States higher In European estimation
than itever stood before. The gold sent
abroad will come back in time to move the
crops.
In business the week made a fair record.
Conditions offered nothing now. Bank
clearings fell off from the total of the week
before, Dut wero large enough to indicate a
good movement in trade circles. Boutine
lines wero up to tho usual level, depositing
being quite heavy, showing large casn trans
actions. The Clearing House report, which
follows, speaks for itself:
Saturday's exch-ini-es 1 2,118,676 03
8turday' balances.... : 7.284 00
Week's exchanges...! 11,069,021 09
TVeek's balance! 2,203,721 21
Previous week's exchanges 13,459,488 31
Exchanges week of 1890... M-'35
Balances week of 1890 j....... 2.062.27169
The weekly statement of the Xew York
banks, issuedyesterday, shows the following
changes: Reserve, increase, $304,800: loans,
decrease, $5,657,400; specie, decrease, $2,494,800;
legal tenders, increase, $974,200; deposits,
decrease, $7,301,600; circulation, increase,
$10,600. The amount now held by the banks
in excess of the requirements of tho 25 per
cent rule is $5,217,775. '
At New York yesterday money on call was
easy, with all loans at 3 per cent, closing
offered at 3. Prime mercantile paper, 5K7.
Sterling exchange quiet and steady at $4 &)
for 60-day bills, anf $4 81 for demand.
Closing Bond Quotation.
M.K. &T.2ds 41)4
Mutual Union 6s 100
N. J. C. Int. Cert... .109f
Northern Pac. lsts ..116
XortbernPaC. Ids... 110
Northw't'n consols.136
U. S. 4s, coup 118
U,S.4s, reg 100
U. 8.48, coup 101
Pacific 6s of 95 Ill
Louisiana stamped 4s 85
Missouri 63.
Tenn. new set. 6s.. ..101
Tenn. new set. 5s... .100
Tenn. new set. 3s.... 70
Canada So. Ms 97
Central Pacific lstslOTk
Dea. tlt. G. Ists....ll4
Den. & K. G. 4s 82H
R.G.West. lsts -
Erie" 2d 10OJ
M.K. &T.lsts 7iH
Northw'ndeben's5s.l02
Oregon & Trans. 6s..
St.L.&I.M.Gen.5s85!4
St.L.&B.F.Gen.M103
St. Paul consols 123)4
St P., C. & Pc. lsts.112
Tex. Pac. lsts 90
Tex. Pac. 2ds 33
Union licmcist3....iU3
West Shore 102)
Rio G. west lsts
. 76J
Bank Clearings.
Chicago Clearings, $13,142,000. Clearings
for the week, $86,565,021. against $83,032,613 for
the corresponding week last year. Bates for
money were easy on the basis of 5G per
cent.
Nsw York Clearings, $109,825,605: balances,
$3,484,332. For the week clearings, $654,789,273;
balances, $29,327,6S9.
Boston Clearings, $15,720,035; baladces,
$1,06,770. Money 5 per cent. Exchange on
Xew York, 1520 cents discount For tho
week, clfcrings $91,829,162; balances, $9,631,399.
For tho same week last year, clearings $U7,
579,605; balances, $11,164,314.
Philadelphia Clearings, $9,109,681; bal
ances, $1,323,401. Clearings for the week,
$66,124,097; balances, $10,321,901. Money llji
per cent
Baltimore Clearincs. $2,034,787: balances.
I $351,368. Money, 6 per cent.
tiinciawATi juonoy o&o per cent, .new
York Exchange firm at 70o premium. Clear
ings, $2,06il00; for the week, $12,564,850; for
corresponding week last year, $12,913,350.
WALL STREET'S DAY AND WEEK.
HOW WELL KNOWN OPERATORS READ
THE SPECULATIVE SIGNS.
The Upward Movement In Stocks Contin
uedGrangers Lead the Market Not
All Change's Are Advances Bonds Dull
and Featureless Shares Close Active.
Xew Yokk, May 23. The stock market to
day continued its upward movement, and
while in only a few stocks was there mater
ial Improvement for the day everything ad
vanced, and bull points for next week wero
thick. The bank statement showed again a
small increase in the surplus reserve, but
this bad no apparent effect at the time, for
It had been effectually discounted in the
early dealings.
The Grangers led in the market, andbnying
orders from the West were, if anything, the
leading element in the strength of the mar
ket, the confidence being based on the latest
reports of the condition of crops and the
anticipation of an unusually heavy freight
movement this season. St. Paul was, as
usual of late, the most active stock by a
large margin, but Rock Island displayed
most strength, and with the two Industrials
it is alone in scoring a marked advance for
the day.
Thj opening was made at a slightly lower
leverof prices than those of last evening,
and Louisville and Xashville was down
per cent, but the buying began in earnest
Immediately, and prices, under tho lead of
Northern Paciflo preferred, moved up until
li ar-at ViTT-aaUnHno nrVian Tj-irti- Tain rt
..was ud lTer cent fcordace and Suear
iwere stronger In the later trading," and'
jaiiea to react witn tne general list.
The issue was anticipated by another)
upward movement, in most cases reach
ing best prices of the day. The
trading, however, was devoid or special
feature, and the market finally closed fairly
active and strong, though not in all cases at
at the best prices. The final advances of
note include only Cordage, lc; Bock Island,
lc, and Sugar, 1 per cent. There were 179,
lio listed, and 11,915 unlisted shares traded
in, St. Paul contributing &1.274.
Railroad bonds were dull and without
feature of importance, but they displayed a
strong tono and a few ara materially higher
than the last previous sales. Tho business
amounts to only 360,000, and was confined to
a comparatively small number of issues.
Henry Clews Advocates Prudakice.
Henry Clews, in his special weekly letter,
says: Sinco my last weekly advices, busi
ness at the Stock Exohange has continued to
reflect the effect of past and still continued
largo exports of gold, transactions having
been restricted and the tendency of prices
downward. As the causes of the extraor
dinary shipments of specie come to be better
understood, however, confidence has im
proved and the impression is very general
that the drain is probably nearing an end.
Later advices from Europe show that our
loss of specie is not so entirely due to for
eign financial and political exigencies as has
been generally supposed on this side of the
Atlantic. Tho Rothschilds have not with
drawn from tho Russian loan syndicate, as
reported, but have merely recommended to
the Czar's Government a postponement
until affairs in Paris have settled into a
more normal condition; nor was that
deferment influenced by any apprehensions
that Russia contemplated preparations for
early war, which is considered in the best in
formed quarters as outside of present prob
abilities, and which sentiment Lord Salis
bury .on Wednesday emphatically affirmed
in his speech at Glasgow. So far, therefore,
as war scare has contributed to any uneasi
ness on this side the Atlantic, it has been
wholly baseless. Nor doe3 the disturbance
of confidence in Europe from financial
causes appear, from later accounts, to have
been so serious as was inferred from the
earlier cable reports. After-effects of tho
events of last fall continue to appear first in
one cajpital and then in another, with the
result of causing fresh timidity; and the
great banks under such circumstances seek
to. fortify themselves by liberal cash re
serves; but tho latest accounts from Europe
show that there is no such grave apprehen
sion of serious monetary or credit dis
turbances as has here been supposed to exist
at the great centers.
We do not need to cross the Atlantic to
find facts which go farther than has been
supposed toward accounting for the recent
extraordinary exports of gold. Important
causes lie much nearer home, and aro to be
found mainly in the fact of the hew tariff
having induced an extraordinary importa
tion of goods in anticipation of tho opera
tion of the higher rates of duty. In addi
tion to the adverse trade balance thus accru
ing, there was a lanro return of Securities.
consequent on the Baring and South Ameri
can troubles, which has been variously esti
mated between $40,000,000 and $50,000,000. It is
thus easily appaient how an adverse bal
ance of over $50,000,000 may have arisen
within the last few months.
The Question That Concerns Us.
All great influxesof gold are soon followed
by refluxes, as their effect Is to restore con
fidence; and the restoration of confidence is
attended with a desire to employ idle money.
The question in this case that concerns us Is
whether gold, will flow back to New,York in
time to meet the usual fall demand for money
to move the grain crops. Three months will
elapse before that demand will begin to be
much felt If during that time Europe re
covers its equilibrium, it may be expected
to invest the balances it has collected from
us. If confidence does not recover to that
extent, still necessity will compel suoh largo
European purchases from our abundant
crops as will place within our reach the gold
we nave so freely jiarted with. In any event,
it isnottobe overlooked that,slnce the specie
exports set in, we have added $13,000,000
to our silver currency and that, before
the fall demand from tho West becomes nct
ive, we shall have a furthpr Increase of
$Pj,000,000of that form of currency. To say
nothing, therefore, of tho prospective excess
of the Government's payments ovou its re
ceipts, it is clear we can reckon upon tho
loss or gold being largely compensated lor
by the incveasjo in tho paper circulati on.
It Is no trifling warrant for confidence that
we have been able to pay upon demand our
entire floating indebtedness to Europe, with
out a symptom of distress anywhere and
with sotlittlo effect upon the value of securi
ties. Still, confidence should jiot be per
mitted encourage irepklessness; and pru-
i uenc m
Ldrawn
ucut men will not aiiow iiisuibbivgs iuuo
speculative operations, uy.tne
:-p-
189t-
extraordinary temptations presented by ex
hilarating crop anuTailroad prospects, until
it is quite clear that the outflow of gold has
reached an end. It cannot at present be
said that we are certainly clear of the dan
ger of a money market that might compel
realizing on stocks. It Is encouraging, how
ever, that the banks continue to mako largo
tains of currency In their transactions with
oth the 8ub-Treasury and the interior, the
gains from the former source during the
week having been $LSOO,000 and from the
latter about $5,250,000, a total of $6,550,000. Tho
exports of gold for tho week amount in
round figures to $6",000,000.
Gould a Great Factor.
John M. Oakley & Co. received the follow
ing oyer their special wire: The market to
day has kept its high pressure of yesterday,
and made gains, notwithstanding sales by
traders to realize and the usual operation
for short account which fight every rise.
The bank statement, showing an increase in
reserves, largely due to the fact that de
posits fell off over $7,000,000, was fully as
good, if not better, than expected. It re
flected tho largo currency, receipts from the
interior. It will not do to bant on a cessa
tion of .gold exports, however, for there is
no positive reason for expecting such a
happy prospect. It would be singular if tho
$7,000,000 sent out this -rfeek abruptly ended
L the reflux of the yellow metal; oven if more
gum gues, it uoes not nnpiy au. juuguuike
continuance, yet the announcement would
be used by room traders as a pretext fer
hammering the market.
One of the best informed dealers In for
eign exchange expresses to us the opinion
that the most senseless part of the present
gold-shipping opocn is the. refusal of the
united States Treasury to part with its gold
bars. The effect of such refusal, he urges,
is not only to Increase the expenses to the
Government of coining tho bullion held
back to take the place of the coin sent, but
it forces tho merchants to pay an unneces
sarily high prico for their exchange.
Rock Island was a very strong card to-day,
but It Is almost invidious to mention any
one stock, as tho general list shared equally
at the improved feeling. St. Paul was as
conspicuous as ever ana enormous transac
tions took place in it, due, doubtless, to very
skillful manipulation, which may, In part,
at least, be salely attributed to Mr. Keene. A
bull feeling pervades the country, and spec
ulators want to be bullish as far as circum
stances will allow. The short Interest has
by no means been eliminated.
Mr. Gould still remains a great factor, but
the race of speculative giants has about run
nut. There remains npon the scene one of
the former galaxy, who promises to redeem
his former losses and come forth again as
the central figure of Wall street. James R.
Keene possesses speculative instinct which
has developed in toafaculty which marks him
as a leader. His exploits in the speculative
arena will do much to stimulate the business
in Wall street and place it in the front rank
of the world's greatest exchanges.
Men and not. four walls make exchanges
and markets, and a man like Mr. Keene does
more than all his critics to awaken through
purely speculative means an energy and
spirit which communicate their hopeful In
fluence to commercial and industrial chan
nels. Wall street sets the pace for the rest
of the country, and it is quick to interpret
all signs in the heavens above or the earth
beneath and translate them to the country.
The following table shows the prices of active
stocks on the New YorkStock Exchangeyestcrdar.
Corrected daily for The Dispatch hy WnrrSKr &
STErnKNEON-. oldest Plttshorg members of the New
York Stock Exchange, 67 Fourth avenue:
O
Q A
ma
0
Am. SuflrarReflninsr Co...
85;
ST
8574
Am. Sugar Beflnlng Co. pfd
jun. uotion mi ,
Am. Cotton Oil pfd ,
Atch. Top. & 3. F
Canadian Pacific ,
Canada Southern
Central oTNew Jersey
Central Pacific ,
Chesapeake and Ohio ,
Chicago Gas Trust ,
C, Bur. & Qulncy ,
C, Mil. St. Paul...,....,
a Mil. & St. Paul prer...,
C, RockI.&P
C, St. P., M. & O
C, St. P., M.&0.pref...,
C. & Northwestern ,
C. & Northwestern pref..,
C.C., C. &1
Col. Coal Iron ,
Col. & Hocking Val ,
C &0. 1st pref. ,
C. &0. 2d pref. ,
Del., Lack. & West
Del. & Hudson
Denver & Bio Grande
Den. Rio Grande pref..,
E.T., Va. & Ga
Illinois Central
Lake Erie & West.
Lake Erie & West, prer...
Lake Shore M.S
Louisville Nashville....,
Michigan Central
Mobile & Ohio
Missouri Pacific
National Lead Trust
New York Central
n.yT, c. a st l
N.Y., a St, 1st prer...
N.Y., C St. L. 2d prer.
N.Y.. L.E. &-W
a'
48
H
25
47
31)4
31)4
W
49H
50
43J,'
30:
16:
mi
62
113)6
78)8
30H
lfcS
614
89)S
64)4
111
T1H
51 k
89H
64M
113K
77S
84
81
84
1033
108)4
108M
623
36,4
27M
63H
S2H
36
27M
Z7J4
43
23
49
28
137
44
23
137)4
135X
18
S7;a
18"4
Ws;
53
53
110)4
78)4
53
1I0J4
110)4
Wi
TiA
41 54
83
68,1
18M
1Q1H
41 H
6S
18
lOS
183
13)4
13)4'
13)4
20)4
62K
N. Y., L. Y. W., pref...
Wi
35H
17)4
S23,'
23
17)4
62K
3554
17)4
J. I. EXt. X... ......... J...,
N.Y..O. W
Norfolk & Western ,
Norfolk Western, prer..,
Northern Pacific ,
Northern Pacific, prer.
Ohio Mississippi ,
Oregon Improvement ,
Pacific Mall ,
Peo., Dec. Evans ,
Philadelphia & Beading ....
Pullman Palace Car
Richmond W. P. T
Richmond W. P. T.,pre.
St. Paul & Dulnth, prefT....
St. Paul, Minn. A Man
St. L. San Fran, 1st pref.
Texas Pacific
Union Pacific
Wabash
Wabash, prer.
Western Union
Wheeling & L. E
Wheeling L. E., pref.....
North American Co
P., 0.. C. & St. L
P.. C. C. & St. L.. pref....
National Cordage Co
National Cordage Co., pref.
63)4
69)1
53)4
25)4
70)4
53
25)4
cox
29
2Mj
3554
37
32
'16)4
323
32.4
WJ4
163
1434
14V
47 V
10M
14
47
4
im
804
36M
7654
16)4
2134:
80j
16)4
KM
36),
77
16)4
101
103)4
10254
101
lovs
105)41
Boston Stocks.
Atch.iTopeka 313!
Calumet Heda ...:250
Franklin 17)4
Huron 2
Kearsarsre 12
iioston &, AiDany....urj
Boston Maine 196
C. B.Q S9J4
j5iern is. 11. ts.....ii
FltchburgB. B 80
Flint &PereM.prr. 77
K.C.StJ. C.B.7sll6
Mass Central 18
Osceola 26)4
Qulncv 102
Santa Fe Copper 52)4
Tamarack 150
Boston Land Co 5'4
West End Land Co.. 21)4
Mex. Cen. com 20)4
14- x..N..bns M
N.Y. &N.Eng.7s..ll8
Old Colony 167)4
Wis. Cen. com 20"4
AlloueiM. Co.(nCTT) 3)4
Atlantic 14K
Boston Mont 41,4
JJeu Telephone 200
Lamson Store S 1714
Water Power "ZH
Continental Mln 16
N. Enr. Tel. Tel.. T.XH
Butte Boston Cop. 15
Philadelphia Stocks
Closing quotations of Philadelphia stocks, fur
nished by Whitney Stephenson, brokers. No. 57
Fourth avenue, members New York Stock Ei-
cnange.
Bid.
Pennsylvania Railroad 493
Beading Wi
Buffalo, New York and Fhlladelp'a. 7,4
Lehigh Valley. .'. 48
Lehigh Navigation 47
Philadelphia Erie 294;
Northern Pacific common 2j&
Asked.
50
16 15-16
7
43!i
47)4
Northern Pacific preferred.
.. 70
Sibling Stock Quotations.
New York, May 23. Alice, 155; Adams Con
solidated, 180; Aspen, 150; Belcher, 200; Best
and Belcher, 600; Bodie, 100; Chollar, 240;
Crown Point, ISO: Consolidated California
and Virginia, 1050; Gould and Curry, 250;
Hale ana Norcross, 230: Homestake,950; Horn
Silver, 350; Silver, 100; Mexican, S30; Ontario,
3800; Ophir, 600; Savage, 235; Sierra Nevada,
230.
Features of the Local Marker.
The oil market was Inexpressibly dull aU
week and finished yesterday without a sale.
You should use
..Anan a. vm. m-
Sr W3 Powder
Because : It is not only free from Lime and Alum,
but also from Ammonia, and Tartaric Acid.
Because:' The materials used are the best that
science can produce and are beyond question perfectly
wholesome. . u
Because All the Ingredients are t pxtiinly
printed on every label; information which other
manufacturers are afraid to srive.
Cleveland Baking Powder. Co.,
Dr. C. N. Hoacxand; President. ' New York.
bid or offer. So far this month there has
been but ono transaction, and. that only Looo
barrels. The highest point touched during
the week was bTjS and 'the lowest67c. There
was only one broker on the floor yesterday
when the curtain was rung down.
Refined heldsteadyand unchanged. There
were increases ranging from 3,000 to ,00O
barrels in average daily runs, shipments
and charters. "
Cleveland, May 23. Petroleum, Snow.
White 110 test, 6Jfc: 74 test gasoline, 8c;
86 test gasoline, 3c: 63" test naphtha, 6Kc
New York, May 23. Petroleum was very
narrow, opening steady, and prices re
mained unchanged until tho close, which was
rlnll. TnTwvlvnTifn ntT. mnt- rlosinsr a 6SC.
June o-Dtions closinz at 6854c. Lima oil
closing at 16c. , Total sales, 24,000barrels. .
OlL
City, May 23. National Transit certi-
68Jc; closed, 6Sc. Sales, 45,000 bbls.; clear
ances, 12,000 bbls.; charters, 14,159 bbls.; ship
ments, 81,700 bbls.: runs, 80,015 bbls.
Bradford, May 23. National Transit certi
ficates opened at 68J4c; closed at CSKc: high
est, 6SJ4c; lowest, 68Jc; clearances, 18,tX bbls.
A FIELD DAY FOR BEARS.
Prices Go Down All Along' the Line
Favorable Weather the Important Pac
' tor A Slump in Oats From the Start
Harked Weakness Everywhere.-
CHICAGO The bears scored a sig
nal victory and were in supreme control of
the market from the start. So much long
wheat was thrown overboard at the opening
that It put the bull party nt a great disad
vantage all day. This wheat wentr into tho
hands ot people who did not want it except
as ammunition to use on any bull party that
was daring enough to attempt n rally. Ves
sels were chartered to-dav for 350,000 bushels
of wheat and 415,000 bnshels of corn, but no
attention was paid to such matters. The
call for margins was too loud and persistent
to permit of other considerations. Wheat
left off at a decline ofljc, corn dropped 2o
and pork 37Kc '
The weather was the all-important con
sideration. The brilliant weather following
tho recent heavy and general rains made a
crop outlook which the ordinary bear
seemed willing to bank on to his last dollar.
The heavy receipts at Duluth and Minneap
olis 248 cars together with the news that
tho corn flood from the country had started,
also furnished great encouragement. Tho
main bullish items were the reported en
gagement of 110,000 bushels of wheat here,
80,000 bushels at Duluth and 116,000 bushels
at New York for export. The Toronto
Millers Convention also promulgated a
.bullish statement of the scarcity of supplies
in the Dominion: The early cables fovnlshed
n little encouragement, but closing ones
favored the bears.
The wheat market opened very weak;
with sellers so eager to dispose of their
property that tbey started by offering July
at $ cent under yesterday's closing. The
competition to get rid of it, however, was so
Keen teat it coma not Deaosoroea in sum
cient quantities or fast enough to-suit the
unhappy holders, who underbid each other
until 9S cents was the sellers' asking prices;
thus, in about one minute's trading, was Vyi
cent lopped remorselessly off the price. Tho
I trice here once being down could ndt be
ifted again, at least not over cent a
bushel. July sold on the first decline down
to 98 cents, and did not subsequently get
above 89 cent, and closed at 08 cent.
The good accounts from tho cornfields and
tho liberal receipts wero tho influences
under which corn dropped 2Kc and closed
with a decline. The Atlantic clearances
yesterday were over 80,000 bushels, and 200,
000 bushels were taken here to go out by
way of Montreal. There were sellers at the
opening from July at from 53c down to
62;Sc, a recovery to 53c, and then a steady
decline set in which continued until 6IK0
was reached. Covering of shorts again car
ried it up to 52c, but it closed weak at 5H
51Kc.
There was a big slump in oats at . the start,
Earticularly In the July future. Tho open
lg for July was 4242;ic but inside of a
minute it was selling at 41c There was a
reaction to 41Jc, only to be followed by
another decllno fo 41c. The close at 41c
Indicated a loss of lo since yesterday.
Long oats came out in large quantities and
the selling was heavy. The crop prospects
are still unfavorable, but receipts continue
heavy, causing weakness in .the cash mar
ket. There wa3 considerable activity in the
provision market and a much lower range of
prices. Tho weakness was due to sympathy
with corn. There was a slight reaction
from bottom prices, but the market left off
weak. Tho decline in pork amounts to 37c,
in lard and ribs 10c. 1
The leading futures ranged as follows, as
corrected by John M. Oakley & Co., 45 Sixth
street, members of Chicago Board of Trade:
Clos
ing. ARTICLES.
WHEAT, Bo. 2.
3Iav.
June
July. ,
COK3T, NO. 2.
May.
June
July. :
OATS, NO. 2.
May.... .'.....
June .'
July.
Mess Fobs.
Slay
July.
September
LAltD.
May.
July.
September......,.,,
Shout bibs.
May
July
September
513
45)f
-43
41)4
10 53
10 67)4
10 05
625
6 32)4
655
575
5 87)4
615
Cash Quotations were as follows:
Flour quiet and unchanged. No. 2 spring
44446c: .No. 2 rye, 84c; No.2barleynominajl;
No. 3, f. o. b., 6S76c; No. 4 nominal; No.
VHWI KV..d.' Al V lr IS s v
1 flaxseed, si 16; prime .timotay seed, si 26:
mess pork,per barrel, $10 650510 60: lard, per 100
ponnds, $6 25: short ribs sides (loose),
$5 755 85; dry salted shoulders (boxed),
$5 005 10; short clear sides (boxed), $6 20
6 30; whisky, distillers' finished goods, per
gallon, $1 16; sngars, cut loaf, 55Jc; granu
lated, 4c; standard A, 4o.
On the'Produce Exchange to-day the but
ter market was unchanged. .Eggs easier at
14K01SC.
LIVE STOCK MARKETS.
Receipts, Shipments and Prices at East Lib
erty and AD Other Yards.
Ojtice o Tub Pittsbcbo Disi-atch, )
Saturday, May 23. J
Cattlc--Recoipts, 1,512 head;shipments,
I7l86"h"ead;market,nb thing doing; all through
consignments; 23 cars cattle shipped to New
York to-day.
Hogs Receipts, 3,400 head; shipments,'3,000
head; market dull; Philadelphias, $4 8001 80;
best Yorkers, $4 704 80; common and fair
Yorkers, $4 604 60; pigs, $4 004 40; 13 cars
hogs shipped to New York to-day.
Sheep Receipts, 1600 head; shipments,
1,400 head; market slow atyesterdaj's prices.
BTVEES A SIT HIGHEB.
Tho Fool Boats Rather Busy and Malting
Things LlveUer.
The marks show 6 feet 6 Inches, a slight in
crease over yesterday.
The Courier arrived last evening fromPox
kersburg, and Jefc about midnight for the
same place.
Titers is considerable activity on the
rivers. The pool boats have all they can at
tend to. and if tho rain continues the river
men expect to get some of tho lighter craft
away.
f.
Open- High- Low
ing, est. est.
1102)4 5102V it 02
1 03 1 02!i 1 01U
89 09)4 98)4
58)4 56)4 54)4
51 51 52
53 534 513
47 47 45J4
45 45 43
42)4 42K 41
10 87)4 10 87)4 10 47)4
11 00 11 DO 10 60
11 20 11 20 10 87)4
6324 6 32)4 6 22)4
6 42)4 6 42)i 6 30
6 65 6 65 6 52)4
5 85 5 S5 5 70
5 97.4 5 974 5 824
' 6 22)4 6 224 6 07K
13
BVIDENGB IN QUMTJTI
All
Testimony Can Be Easily.
Verified,
CITY AND SUBURBAN ECHOES,
"We have been presenting to our readers'
from time to time records -of cases that have
been cuwd and the statement made by the
patient so relieved: These cases were all
presented to the reader accompanied by tho
address and cut of the patient making the
statement, so that their truth could be easi
ly verified. Nearly every case, so presented
were considered by the patient and their
friends remarkable cures, as they had all
been long sufferers from the disease and
taken every known method to effect a cure,
all failing until they tried Dre. Copelaad
and Blair's treatment. These statements
only go to prove onr claim: that onr treat
ment Is the one most successful and sure in
its results.
This week Mr. Joseph Beckert, china and
glass decorator, residing at 15 Garland ave
nue, Pittsburg, makes a statement to the
pnbllo which is followed by short state
ments from Pittsburg and surrounaing
country.
Mr. Beckert says: "My troubles began over
a year and a hall ago. My head pained me
terriDiy. .tyes were
weak, in fact, I had a
very t ronblesome
time with my head.
My food did not di
gest. 'Lay like a lump
on the stomach.' My
sleep -nas disturbed;
always felt tired in
the morning. Was
very nervous. Pains
in the side and back,
lost weight and felt
so badly that I bad
despaired of ever
being cured. I am
Mr. neekrrt. Piiubwm. now feeling better
every way, and able to work. Alter all else
failed Drs. Copeland and Blair's treatment
was successful."
From Thirty-Ninth Street and Penn Avenue.
Mr. James White, residing on Penn ave
nue, near Thirty-ninth street, Pittsburg,
savs: "For over a year I was a constant
sufferer. My troubles made my life miser
able. I cannot describe the good that Drs.
Copeland and Blair's treatment afforded
me. I am better now than I have been for
years"
From Center Avenue, Pittsburg.
Mr. Emil Westenhagen, living at 331 Cen
ter avenue, thi3 city, says: "My troubles
existed for over four years. I never had a
well dav. I was almost a physical wreck.
Drs. Coneland and Blair's treatment
changed it all. I am now well and strong."
From 19 Overlook Street, Allegheny.
Mr. William Mawhinny says: "I suffered
for two years. My troubles affected my
whole system so that I conid scarcely work.
I never had a well day. To-day, owing to
tho treatment of Drs. Copeland and Blair, I
am a well man."
From Duquesne, Pa. a
Mr. R. JIcDonald S3ys: "I wa3 a constant
sufferer for 10 years. My head pained me. I
suffered from nausea and weak stomach; In
fact, I was ailing in every way. To-day I
feel better than ever before, all of which, is
due to Drs. Copeland and Blair's treatment."
From Deny Station, Pennsylvania.
Mr! J. 0. Nicely, residing at Derry station,
Pennsylvania, said: "I was troubledfor over
six years. It affected my head, throat, chest
and stomach, making my life miserable. My
ailments have disappeared and I take pleas
ure in recommending Drs. Copeland and
Blair's treatment."
From Butler, Pennsylvania.
Mrs. Anna Mangold, residing in Butler,
Pennsylvania, said: "My whole system was
undermined by disease. I was as near dead
as it was possible to be and still alive. To
day I feel better than ever before. Their
treatment saved my life and I cannot find
words to express my gratitude."
DBS. CoPELAim axd Blair have established
a permanent office at 66 Sixth avenue, Pitts
burg, Pa., where all curable cases will be
suecessTuUy treated. Office hours, 9 to 11
A.r., 2 to 5 T. x. and 7 to 0 r. M. (Sundays included.-
Specialties Catarrh and alt..ai3
enses' of the eye, ear, throat and lungs,
chronic diseases. Consultation $L
Many cases treated successfully by
mail. Send 3-cent stamp for question blank.
Address all maU to DR. TV. H. COPELAND,
my24-Tussn 66 Sixth avenue, Pittsburg, Pa.
T. W. HAUS,
Designer and contractor in all kinds of
GRANITE.
Cemetery vaults, statuary and large monu
ments a specialty. Call or write for designs
and prices beforo contracting. Office, room
613, Penn Dniiaing, 'enn av., nttsDurg.
Jall-93-sn
The Electrical Construction and
Maintenance Company,
Electric Engineers and Contractors. Electria
Bells, Burglar Alarms, Annunciators, etc..
Incandescent Light and Bell Wiring a
specialty. Sole agents for the Jenney motors.
125 FIFTH AVENUE Pittsburg, h.
Telephone 1774. oc!2-143-sn
BROKERS-FINANCIAI-
Whitney & Stephenson,
57 Fourth Avenue.
&pS048
FAHNESTOCK & CO.,
BANKERS AND BROKERS.
No. 2 Wall Street, New York.
Supply selected Investment bonds for 'cash,
or in exchange for marketable securities. '
Execute commission orders for investors,
at the Stock Exchange or in the open mart
Furnish Information respecting bonds.
apl2-139-TTSu .
John M. Oakley & Cbft,
BANKERS AND BROKERS.
"
Stocks, Bonds, Grain, Petroleum.
Private wire to New York and Chicagf ',1
45 SIXTH ST., Pittsburg. - IS
hcsi Tl's,rrEtBloIt
ntrtU I n new yontMul color
and Ufa to BBAY Hair. Vm Only
IB. HATS' Hum HEALTH. Most ntbiariorr Hair grower.
&S. !SMonSnipfr CoV,!3 B'dway.S.Y. flair book fre
JUTS' XUX CO 13. Bnt CUBS f.r Craa, Enlm, Xaln. it.
Sold by JOS FLEMING 4 SONS and drug
gists. myS4-01-MTh-EOSa
NE83 A HUD WISH COBIObv
Peck's LNYISJBLE T0B4JU8 m
C0SH10SS. Wlilnenhnrd. Com-
IGrtablo and felt aloin;r. Snccesrfnl where all Bra
dies fall. Sold by F. HISIOX. onr. 803 Broaawayow
York. Write t or Waatratcd Book otWoofj fOU.
Mention this paper.
my23-S0-TUS-zosu
CONSUMPTION.
I haTO a poslti remedy for the abors disease ; by Urn
use thousands of cases of tho worst kind and of loss
otaadiaghaYs been cored. Iadeedsbstrosgisiayfaita
bits efficacy, that I will send two bottxis rzzz,mtii
a VALUABLE TEEATTSK on this disease to any sat.
fercr who will send ire their Express and P.O. address,
2'. A. Slocum, ill. C, 181 Penrl St-, N. Y.
de30-SS-suwk
Dowd-3 Health Exerciser
F:r Prus-wcilrrs 4 Sedrstirr Stnlt!
Oentleaes, Lauh. Tontlil; Atbleta
or IntaUd. A complete rasuium.
Takes njsbtrt c In rqcare Soot roes;
new, sdesticc. durable. ccoiprearDtrre.
cheap. Indorsed by 90,080 pbyatclsss.
bow tains: It.. Send tor llhutntod etio
roirr, w ecrmisM, bo
D I.. Dowd. g(4e&itai
esl Onltait, a East Ukh St,,
HlHar 1
fffflll'li'ti'i iifJsJMillllllllli
P. L.
(TKaSI 1U1X.)
- .,
a--..

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