Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-21
A GRAND SURPRISE.
Private Sale of Two Hundred Shares
of SilYerton Mining Stock.
VALUE UEOFBANKsHARESIN GOTHAM
A Gentleman Interested in La Noria Wants
the Light Turned On.
LOCAL FINANCIERs PATRONIzE ART

The first transaction in Silverton mining
stock that has occurred, so far as known,
for several months, was reported yesterday.
Two hundred shares were sold at private
sale at IL. As in the case with La Noria,
some definite information concerning the
status of the Silverton company would be
quite welcome, and might improve its pros
pects
At q recent sale of bank stocks in New York
the following prices were obtained. American
Exchange, l47; Bank of America, 1s7; Bank of
North America 165; Bank of Commerce, 100;
Bank of the Republic. Isl; Broadway Bank,
300; Leather Manufacturers 90: Importers and
Traders, $40; Leather Manufacturers, 229; Mer-
camille, 200; National Shoe and Leather, 152;
New York National Exchange, l3O; Park, 1876.
Three hundred and thirty-one shares went at
these prices. The latest bids for Pittsburg
bank shares were: Diamond National, 100;
Farmers Deposit National, 4OO; First National,
1859; Fourth National, 12S; Fidelity Title and
Trust Company, 123; German National, S25;
Iron and Glass Dollar Savings, l3O; National
Bank of Commerce. 2l5: Pittsburg Bank for
Savings, 2l0; Peoples National, 145; Third
National, 172. The comparison Is instructive
and very creditable to the local institutions.
The statistical returns for 1888 show a healthy
Improvement of trade between the United
States and Mexico, where considerable Pitts
burg capital is invested in railroads and min
ing. Both absolute and relative gains are in
dicated. Our exports to the neighboring re-
public were the largest since the period Of early
railroad construction in ISIS, and our imports
were the largest ever recorded. In comparison
with Great Britain, France and the other coun-
tries of Europe the United States at the same
time is more than holding its own in the for
eign trade of Mexico. whether as to imports or
exports. We imported from that country in
1888 about IS per cent more merchandise than
the year before, and exported "a per cent
more.
Speaking of La Noria mining stock yester-
day, gentleman who is interested in it, said:
Il see it is still in the dumps. 1t has been so
long since there was a bid for it on Change
that fear brokers have forgotten there is such
thing This apathy might all be changed if
the promoters would only make statement.
have heard rumor that the large amount of
ore in sight is worth only about SIS to2. If
this be so, the stockholders should be informed
of the fact; if not true the report should be
authoritatively contradicted. There has been
too much expended on the enterprise to allow
it to lag as it has been doing. The stock
holders want the facts and to get them they
may have to call a meeting"
An artist in water colors did a thriving busi-
ness at some of the Pittsburg banks yesterday.
His productions portrayed some of the finest
scenery in England, and were pronounced
highly meritorius as works ofart. The sketches
were generally sold in pairs. and the price was
$50. In one or two cases SIS was accepted.
This shows that Pittsburg bankers are not
welded body and soul to the habit of money
getting, but are as responsive to the allure
ments of the sublime and the beautiful as
other folks. One of them is a poet of more
than ordinary ability. Others are well up in
classic and current literature.
The Supreme Court of Minnesota has just
rendered decision of general interest in the
case of the Cigarmakers' Protective Union
versus Conhaim ct al, holding that the device
adopted by the Cigarmakers' Union, to be used
by their sew eral members on boxes of cigars
made by such members was not valid trade
mark. The Court said: "Such device not in
dicating by WIKI person the cigars are made,
but only that they are made by some member
of one Of such unions, the right to use the de-
vice belonging equally to each of all the mem.
bers and continuing only while the person re-
mains member, is not legal trade mark"