davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
Government bonds have been dull and steady.

Government bonds have been dull and steady.
state bonds have been dull but firm.
Inc fost says: A partial explanation of the
ROCK Island unfavorabie annual reporr was
telegraphed from Chicago this forenoon, say
ing that the report would show Sl.0l3.000 spent
peing equivalent to 2 per cent on the capital.
IL was upon this that the stock rallied from
1914 IN the nrst half hour to 94H just after II
O'Clock. But 1t is well known that the terms
permanent Improvements" and "betterments'
700 OFTEN mean only the necessary enlargement
OF facilities to accommodate the existing
traffic, though this expenditure may not have
any effect to increase the earnings or prohts.
A railroad must, in fact. be almost entirely re-
constructed every Is or 20years. Many experts
say l0 or IL years.
The arguments, therefore. that the large
sums expended for these betterments and per-
maneDt improvements are an additional divi-
dend-earning capital are generally received by
the public with a great deal of allowance, and
In this case the sentiment of the street appears
to be in favor of making the allowance because
Rock Island at present prices Is too high com
pared with other dividend payers; for instance,
with Cleveland. Cincinnati, Chicago and st.
Louis common. which pays per cent. and is
earning over per cent. though it sells at 7S to
~, while Rock Island paying no more and not
earning as much sells at o.
Many other instances might also be given. as
Western Union. Richmond Terminal preferred
and some others, of which the managements
are at least calculated to inspire as much conf
dence as that of Rock Island The Rock Island
figures are of the utmost importance because
they are to some extent an index of the busi-
ness OF the other granger roads west OF Chicago.
stocks on the New Y ork Stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY &STEPHENsoN. oldest PittsburY MEM
bers of New York Stock Exchange, 81 Fourth ave
nue.:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
Grain, Flour and Feed.

Sales on call at the Grain Exchange. car oi
No. white oats. 3215c. days; car extra No
3white oats. 32c, days, B. & o. Receipts as
bulletined, 80 cars, of which 16 were received
by the Pittsburg. Cincinnati and st. Louis Rail
way, as follows: cars of corn, 8 of oats, 2 OF
hay, of feed. By Pittsburg. FIT Wayne and
Chicago. cars of hay, of corn, l of oats. 8 OF
-four. BY Pittsburg and Lake Erie, car OF
-four, s of rye. By Pittsburg and Western.
car Il tcur. Cereals are weak all along the
line. Oats are Particularly dull and prices are
shade lower. The situation is favorable to
buyers in everything. and sales ere made only
by concessions on the part OF the holder.
Wheat and -four are both quiet at quotations,
and any future changes are likely to be toward
lower level.
Prices below are for carload lots on track:
WHEAT-New No. 2 red. 94G95c; No. 8, 500
9ic.
CoRN-No. 2 yellow, ear 43@44c: high mixed,
ear. 40@4lc; No. 2 Yellow shelled. 3S56l39c; high
mixed shelled corn. 37l3Sc
OATS-No. white, 321s03Sc; extra No, &
3lQ32c; mixed, 30Q301<c.
RYE-No. Pennsylyania and Ohio, 60@6lc;
No. Western. 59680c.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
Bv Telegraph.

NEW fOHk-Beeves - ReceiDts, S7 head,
all for expectation; no trading; feeling steady;
dressed beef firm at 64@755c per pound; ship
ments to-day $50 beeves. 81 sheep and $50
quarters of beef Calves-Receipts, g75 head;
market nc per pound lower; veals. 81 50@5 rs;
buttermilks, $S 0O@4 90. Sbeep-Receipts,6, 6, 279
head; sheep steady; lambs, Nc per pound lower:
sheep. 81 50@6 90; lambs. Sc 750S 90; dressed
mutton steady at 101l1c per pound: dressed
lambs firm at 12@14c. Hogs-Receipts. 3.2S8
head; market nominalty steady at 81 OO@4 40
CHiCAGO-The Dropers Journal reports:
Cattle-Receipts. 1900 head: shipments. 1000
head: market steady: beeves, 81 S0Q5 90: stock
ers and feeders. So 50Q4 00; steers. So 25614 7O;
cows hulls and mixed, 81 40@3 Is; Texas steers
50 1904 Is. Hogs-Receipts, 2S.000 head; ship
ments, 5000 head; market active and lower;
mixed, So 6e@3 rs; heavy So 60@3 80; light,
s. 600S3 rs; skips, So 00@3 So. Sheep-Re-
ceipte, ), 600 head; shipments. 1000 head; mar
ket steady; natives 81 OOe55 75; Westerns. "a 00@
s 30; Texans, s. 25G4 rs; lambs, IS 0o@7 90
ST. LOUIS = Cattle Receipts. $500 head;
shipments, 2.600 head; market steady and
active: good to fancy native steers. 81 400
5 90; fair to good do. IS 90G4 45: stockers and
feeders, 81 S5@4 90; Texans and Indians 81 900
4 10. Hogs-Receipts, 5,7U0 head; shipments,
400 head; market lower; fair to choice heavy,
70 60Q3 ~: packing grades So o0@3 6I1a; light,
fair to best. So 571a@3 65. Sheep-Receipts. 200
head; shipments. Z, lO0 head: market steady; fair
to choice clipped, So S014 So
CINCINNATI = Hogs heavy; common and
light, 81 1908 IS; packing and butchers, 50 COG
head.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
Moxemeu;s in Real Esrate.

In addition to those mentioned above, the
following transactions in real estate were re-
ported:
Samuel W. Black & Co. sold Nos. 81 and 80
Fourth avenue, corner Decatur street, lot 40x
"a feet. with two threestory brick business
houses, for $4,000.
L.o. Frazier sold for c. siebert P w. Sic
bert and P. Keil strip of land on the north
side of Harrison street. between Forty-seventh
and Forty-eighth streets. Seventeenth ward,
25x2S0 feet having erected thereon five frame
1000
Ewing Byers sold for Mrs. M Weis to a
prominent Federal street merchant a vacant
lot, 2lx70. on Dawson street, Second ward, AL
legheny, for 81. 800 cash.
Reed B. Coyle & Co, sold to R. g. Robb for
D, J. Thomas, lot No in Fulton Place plan,
so feet on Craig street by l42 feet to Chesney
alley, for S. $50.
Black & Baird sold to Thomas H. Thorn two
lots in James H. Willock's plan in the Twenty
third ward. being No. and No. 20, having a
frontage of 20 feet each, for 81, 500.
]. E. Glass placed mortgage in McKeesport
of $500 at per cent for three years; also one of
81 900 at per cent for three years.
Baltensperger & Williams sold for the Cart
wright estate to Henry Bradley. frame house
of six rooms, with lot 5Oxl5O, situate near
Banksville Allegheny county.
Allies & Bailey sold to John g. Barbour lot 7S
on Wadsworth street, between Fifth avenue
and Center. Thirteenth ward, size 20xl06 feet.
for 1926, on the monthly payment plan of
only SIS.
Charles Somers Co. sold for the Morning
side Land and Improvement Company to
Joseph ]. Siddon four lots in their plan at
Morningside station, Allegheny Valley Rail-
road, being Nos 5O2 5O3, 5O4 and 500, each 'front.'
ing "a feet on Butler street, and in depth ITO
feet for $500 each.
Baxter, Thompson & Co. placed mortgage
for $1,000 for three years at 9 per cent on prop
erty in the Nineteenth ward.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
Boston Stocks.
LOCAL LIVE STOCK.
Drovers Report Business Very Dull and
Few of Them Are Making Money
The Demand for Dressed and


Drovers report very poor pickings the past
few weeks. The live stock dealer who comes
out even of late has good reason for self-con-
graduation. The truth is that the majority are
losers. Prices paid at Chicago for this weeks
cattle at East Liberty were 19c above last
weeks prices. and here there was drop of 15c
per hundred. On this weeks transactions
drovers are not estimating profits but losses.
There were about Is loads of cattle at the
East Liberty yards. designed for the local
trade, sent on East in first hands for want of
buyers here. AS markets are dull East as well
as here, it is probable that the stock sent on
would go farther to fare worse. The loss to our
local drovers ploves gain to dealers in Chicago
dressed beef. In the latter line trade is boom
ing, and the number of beeves handled is not
far from so per cent larger than at this time
year ago.
Both dressed beef and canned meats are in
very active demand. and cattle dealers in Chi
cago are on the make at the expense of Pitts
burg butchers and drovers. One of our lead
ing pork packers received advices from Chi
cago to-day that hogs had dropped to S3 IS for
tops, the lowest price of this season. The drop
is due to heavy receipts and hot weather.
Following is the report of transactions at the
East Liberty Stock Yards for the week past:
RECEIPTs.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
NO BREAKS.

Plttsburg Traction and Electric Hold Up
Under Adverse Influences.
Stock trading yesterday was restricted to
two properties-Luster and Electric, sales OF
which were 2O2 shares. Electric was slightly
weaker. as result of postponlng or abandon.
ing the dividend, but the looked-for break did
not materIalize Luster was trifie stronger.
OF inactive shares. the gassers showed no
material change. with the exception OF Manu-
facturers', which was offered down to Is with
out buyers. The fractions were steady. Pitts
burg stood up bravely under the adverse de-
cision of the State Supreme Court. Pittsburg
and Western common and Switch and Signal
lost ground. Enterprise Savings moved up
fraction.
Bids, offers and sales of the three calls. as aD-
pended, show the movements of the day:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
THE SILVER BILL.
Prospects of Its Passage in Congress Gives
Vitality to Wall Streei-A Squirt
In Sugar and a Strong Close
-Rnnds Mara AcIlHe.


NEW YORK. June 5-The stock market was
less animated to-day. but displayed firm
undertone from opening to close, and although
there was considerable irregularity almost
| everything traded in is higher tonight. There
was marked absence of pressure to sell such
| as has made the dealings of the past week SO
feverish and weak, and while the demand was
| moderate it was sufficient even with the dispo-
sition of the foreigners to sell their favorites.
The discussion of the silver bill in the House
| of Representatives to-day revived the hopeful
| feeling and the possibility of early action OH
the same soon showed in improved prices and
| increased animation.
The market outside of Sugar Refneries
| showed no particular activity, and that stock
seemed to have lost its power over the regular
| list, and when it declined there was no response
| and its subsequent advance met with no
| recognition whatever. The money question to-
| day was not factor, and while the sub-Treas-
| ury continues to draw funds from the banks
the flow from the interior more than makes up
| the drain. Funds were easy on call to-day at
| from TO S per cent.
Among the features of the days trading
Sugar RetDeries was the most prominent, and
to 761Sc. but later steadily advanced with
moderate fluctuations until near the close,
when its best price was reached. 1t finally
closed at Soc. There was no news OF any kind
with a bearing upon the stock, and the rise
seems to be only natural reaction from the
late depression.
In the regular list Rock Island was strong on
the explanation that the company had charged
81, 600 600 betterments- to operating expenses.
The market made very little progress in either
direction until well in the afternoon, when the
influence of the prospects of a silver bill being
passed bad its legitimate effect and several
stocks moved up sharply, and among the most
noted were Cleveland, Cincinnati, Chicago and
ST. Louis Missouri Pacific. Chicago Gas,
Wheeling and Lake Erie Hooking Valley and
Ohio Southern. The Vanderbilt. stocks were
again prominent for strength throughout the
aay and served to give firm tone to the deal
ings especially in the forenoon.
The close was quiet and strong, generally at
about the best prices of the day. The list is al
most invariably higher. and sugar rose AZ,
Cleveland, Cincinnati, Chicago and st. Louis
and Chicago Gas N each. Missouri Pacific II,
and New England per cent.
Railroad bonds were more active to-day, but
while the general tone was still firm there was
considerable irreguarity about the movements
and little feature. The dealings extended to
81, ,69l 900, out OF which Reading a., which were
the only active issues today furnished S402 600.
The principal changes include Milwaukee,
Lake Shore and Western Ashland division IA
to ll9 Helena and Red Mountain frsts ~ to
1O315, Southern Pacific of California frsts ~ to
ll4L. Among the losses was Peoria, Decatur
and Evansville seconds, 8 at 20
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
RUBBING IT INTO PITTsBURG,
Some Ronds nj Last Opposed to DIscrIm-
mating Against This City.

The conference of the Pittsburg, Youngs-
town and Buffalo freight committees to con-
slider the question of advancing the lake
differentials will be held at Niagara TODAY.
A number of the local agents left last even
ing. The cleim of the all-rail lines that the
difference in rates between the rail and lake
should be 10 per cent was knocked in the
head by Chairman Blanchard, who said that
the Central Traffic Association decided that
the difference should not be less than 10 per
cent, leaving the roads to make it as much
greater as they pleased. which they did.
If the lake differentials to the Northwest
from this territory are advanced and the
seaboard rates remain the same then il will
be another case of discrimination against
Pittsburg. For once some of the roads saw
it is not fair to rub it into this city. The
Pennsylvania Company has lines both by
rail and water to the Northwest, but their
agents favor maintaining present rates. The
all rail routes claim tnat this company oupht
to be neutral; that in either case it would
not lose anything.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
DOLLARS AND DIMES.


Local Monetary Matters Moving Along
Without the Least Friction.
Checking at the local banks was off a little
yesterday, bat depositing was abourN up to the
mark. Money was easy and in moderate de-
mand. Most of the loans were at per cent.
Outside paper was taxed little more. One
reason for the drop in checking was stated to
be easy collections and large cash payments
rendering manufacturers and merchants to
that extent independent of the banks Ex-
changes we're S2270, 2S0 81; balances, SS72.S97 So
Money on call at New York yesterday was
easy ranging from 1861 per cent, last loan l.
closed offered at 81. Prime mercantile paper
1siQ6%. Sterling exchange more active and
strong at 81 S41s for 60day bills and 81 S61S for
demand.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06

FLoUR-Jobbing prices-Fancy winter and
s5 OO@5 Is; clear winter, 81 75@5 90: straigbs
xxx bakers, 81 25Q4 so. Rye -four, 50 5OQ
375.
MILyBED-Middlings fine white. sl5 5OQ
16 90 fa ton; brown middlings, S14 OO@l5 W.;
winter wheat. bran. Sl2 00@l3 90; chop feed,
sl3 0O@l5 co.
,HAY-Baled timothy, No. i. sl1 50912 90;
@l5 90. according to quality; No. prairie hay,
81 00@7 50; packing DO, s6 50@6 IS; clover hay,
sTRAw-oat IS 7507 90; wheat and rye, s6 90
@6 25.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
ProvisIous.

Sugar-cured hams. large. 10c: sugar-cured
hams. medium. 1C54c; sugar-hams. small, ll4c
sugar-cured breakfast bacon. SIC: sugar-cured
shoulders, &c: sugar-cured boneless shouE
ders SIC; sugar-cured California hams. Sc
sugar-cured dried beef fats, &c; sngar,cured
dried beef sets. 10c: sugar-cured dried peel
rounds. l2c; bacon. shoulders, &c; bacon, clear
sides. 715c; bacon, clear bellies, TIC: dry salt
shoulders, SIC; dry salt clear sides, TIC. Mess
pork. heavy. sl3 so; mess pork. family; sl3 5O.
Lard-Redned, in tierces, S4c; half-barrels,
cans, SIC; 3f tin pals, 6]4c; 5-B tin pals, 69c
10-D tin pals &c. Smoked sausage, long. &c;
large. sc: Fresh pork. links, &c. Boneless @
hams, 10%c. Pigs feet, half-barreis, "a W.
quarter-barrels. 81 Is.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
A JUMP IN OIL.
The Bulls Make Themselves Heard and Felt
An unWnrd Movement.

Tue buIT1 mHR6 Iu6mBBIvcH Ef6uru Uuu tIS
An Upward Movement.
Oil scored an advance Of lh cents yesterday,
but without much of it changing hands. All
the Exchanges were bullish, but New York
and Pittsburg furnished most of the strength.
The market opened at S61dc and soon moved
up to SSIc, fell back TO S615c rallied and closed
steady at Ss1sc. Most of the trading was below
&c. around which figure the market held for
the greater part of the day.
The situation in the field is encouraging to
the bulls, who becoming quite numerous
and aggressive.
The Heine well, along the lower section of
Jacks run, on the southwestern edge of the
Westview field, was drilled in Wednesday aft
ernoon and began flowing at the rate of $50
barrels day. News yesterday from it was of
an encouraging character The well is in the
30-foot sand. and is quite phenomenon IN that
way as it Is the first 3O-foot well struck in the
district
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
A FAVORABLE SHOWING.
A Feeling That the Coke Trade Has Been
Aroused-A Heavy Increase in Ship
meuts In the Month Of May-New Ovens
Proposed.

Aroused-A heavy lncrease IN entp.
meuts in the Month Of May-New Ovens
Proposed.
ESPECIAL TELEGRAM TO THE DIsPArcH.I
ScoTrDALE, June sit is now thought that
the coke trade has been fairly aroused from
the lethargic condition which characterized 1t
during the greater part OF last month 1nere
has been an increase in orders productive Oh a
corresponding increase in shipments and more
evidence of an upward movement IN trade.
The restriction policy was used to the same e1-
vance in shipments to points West is notable
feature They have been increasing almost
every week There have been no change in the
dence that there will be the slightest altera-
tions.
No complaints have been heard from any of
the consumers as to prices and they are acting
wisely. There is no disturbing element to trade
at present, but labor officials are endeayorlng to
work up strike at Rainey's works So far their
efforts have been rather unsuccessful In re-
viewing the trade for the month Of May, it is
found that while shipments will In no way
favorably compare with the previous months
record yet over $40 600 tons was disposed of. The
month. but the lack of orders played havoc.
Commenting on last months output an opera
tor said to-day: You say that over SAC, 600 tons
of coke were assigned to various points last
month. Well, that is fair months work, and
believe it will be far better this month 1t
will at least if it retains its present pace
throughout"
One coke plant in the coke region has
changed hands. That of A. G. Cochran, which
was bought yesterday by J. D. Boyle Of Pitts
burg.
E. A. Humphrey, OF this place, will shortly
begin the test of the land which he recently
purchased in Redstone township, Fayette
county. New ovens are being erected near
Ursina, Somerset county. Work Is progressing
on the new Davidson ovens.
Shipments last week averaged about 1.048
cars against 10S4 cars of the week before.
The following is the distribution: To points
west OF PiJtsburg, 3.625 cars: to Plttsburg and
river points. 1,500 cars; to points east Of Pitts
burg, i $50 cars: total, .275 cars. For the pre-
ceding week the record is this: To points west
of Pittsburg. $3.50 cars; to Pittsburg and
river points, 1540 cars; East, L lS0 cars: total,
$500.
Prices are without change. They are: Fur
mace coke, 81 Is: foundry, s. As; crushed: 81 IS.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
CIosipe Bond QuoratIons.

NEW YoRK-Clearings sl45. .5ss, ,sS3: balances
s55l7.7l8.
BosToN - Clearings SIS. 1856 Oss; balances,
s. l.6SO.957 Money, 5G6 per cent
PHILADELPHIA-Cleariu Sl2 500 p44: bal
ances Sl9sl, 800.
BALTIMoRE-Clearings, s2.S6s.s45; balances.
$55l. .7S5.
LoNDoN-The amount of bullion Withdrawn
from the Bank of England on balance to-day Is
ElSO, 600 The bullion in the Bank of England
decreased fl65000 during the past week. The
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
PROSPECTS ARE BRIGHT.
Outlook for Wholesale Clothing Trnde Was
Never Better.


One of our leading wholesale dealers in cloth
ing said yesterday: "Our trade this spring has
been fully up to last spring, when we had an ex-
ira trade. As to prices. cheap goods are cheap
er than ever, but good goods hold up well to
prices of last season. The demand for high
grade ready-made clothing is increasing here
every year. The general prosperity of Piltsburg
and the region of which it is the trade center
is having the effect Of knocking out shoddy
goods Workingmen are making good wages
and are demanding better styles and quality of
clothing every year.
1.-The class of goods we could sell readily q
few years ago is no longer wanted here The
bulk of our spring and summer trade is now
over, and we are laying in heavily for fall in
the faith of an extra business for the rest of
the year. Our stock of summer goods Is unusu-
ally we'll cleaned up, and In some lines we have
not been able to nll orders of late. We are now
cutting up stuff for fall and winter trade and
already see signs of great activity when the
watering-place business is over"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-06
NO NEW FEATURES ABROAD.
Even Speculation In Connection With the
Pig Iron Market is Unimportanr.

ESPECIAL TELEG RAM TO THE DIsPATcH.I
NEW YORK, June 5-The Iron Age in its
issue to-day printed the following cablegram
from London: The market for pig iron is with
out new feature of any description, and specu-
lation is unimportant. Cleveland shipments
are shade better, but warrants have gone still
lower, selling down tv s39 lU1Ss Tuesday, and at
the Same figures to-day. Scotch shipping
brands are still receding, and warrants are
weak, with business at s43 9s yesterday
and SAB los to-day. Hematite warrants have
dropped with the rest and were down
this week 10 95l 3s but reacted to f52 6s to-day.
Steel ship plates are off to f6 LIS Sd at Bar
row. Rails. blooms and slabs are about SIS
lower, and quotations on billets and wire rods
are reduced e 6s, with business moderate in all
departments. TIN sold up to EOS rs I'd spot
under the influence of American demand, and
large business WAS done on the raise. On a
cessation of demand prices afterward relapsed
to the previous level. Owing to small direct
shipments it is believed that the American
market is chiefly dependent upon London to
supplying its wants.
In copper there is a fair business doing at
about f54 los for merchant bars. The position
fully warrants the inference that consumption
is ouJpacing the pro luction, and higher prices
are therefore considered as very probable.
French stocks have been further largely re-
duced. Furnace material has continued active,
and prices show a further advance with Ana
conda matte up TO ell 6s on actual sale. Large
quantities have been sold for delivery during
Ine oa1dhce OI tlls year anu lnIO Ine nrsI nal1
OF 1871. All the Anaconda matte lying in Liy-
erpOol has been purchased for American ac-
count. The amount of stock involved in these
transactions cannot be learned. Other sales
include 800 tons Anaconda matte at ell IS: 200
tons ditto at eli 6S, and 500 tons Anaconda ar
gentlferous on private terms.
For tin plates, inquiries are still numerous
and fairly large business is doing. Buyers for
large parcels are making offers. Some ac-
cepted but price not stated. The syndicate of
London and American capitalists, which ac-
Quired the Forest Worcester works, at Swan
sea. is being transferred to a limited liability
company. The capital necessary is about s400,-
600. Efforts are being made to retain Mr.. Will
Jams as managing director at a salary of FL, 900
per year.
American Manufacturer Cable Quotations
Scotch Pigs-Warrants have gone lower. SELL
ing down to 43s. 3D.. and the market for makers,
iron continues weak, also with no perceptibIe
.Is,......I