davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
WHAT WILL THEY DO?
OIL Brokers Talk about the Time When
Certificates VIII Disappear.

OIL Brokers Talk about the Time When
Certificates VIII Disappear.
First Broker-What will we do when there
are no more certifcates2
Second Broker-Go into some other business,
I suppose. But that won't happen for some
time yet. Production is sufficient to keep the
market going for while. Lima oil will be
listed. This will be like electricity applied to a
corpse, and will keep things moving for year
or two. The end of oil speculation. however,
is not far off.
This conversation occurred on Change yes
terday morning, and Is rather significant, con-
sidering the source.
The market yesterday was almost featureless.
Pittsburg, as usual, was rather bullish, but the
most Of the strength came from Oil City.
Trading was unlmportant. The range was:
Opening. 81; highest, 9l1S; lowest and closing,
90Z. Thursdays clearances were 81, 0O0 bar
rels.
There is considerable trouble brewing among
the stockholders of the Robella Oil Company
on account of its President and several others
of the company having leased ground in the
vicinity of the Straw we'll on their own account
instead of turning over the leases to the COM
pany. w. II. Straw, the President says ne
will resign. The Straw well is being drilled
into the second pay streak. Thursday 1t was
Only doing 200 barrels.
Several rigs at Bellevue are completed, and
to-day Messrs. Dimick and Boyer will COM
mence drilling. The Emsworth Cooperative
Company's well, on the Courtney farm, is ex-
pected to come in to-day, and is showing good
prospects for oil. The Miller well, located on
the Keystone farm, is due in the pay streak
the first of next week.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14

helped it little in the forenoon, but it was let
on rapidly later in the day without apparent
cause, there being general weakness Oh tne
A statement by the Baltimore and Ohio peo-
pie that the purchase of the control py Lne
Hicnmond and West Point was impossiD,e ,,sns Was
tne chief moving force IN the 1ee,rMI and
IN the stock of the latter road. an9,
with the single exception of N Northwestern II is
tne only stock in the regular list sno"ing
marked decline this evening. Inc golG snip.
ment rumors were used against the mari ,hnrdh n
tho last hour and the close was weak. tnou&n
oull, at about the lowest prices, Dus geneIaIy
only slightly changed from those OF Ine OPEL Psi.
ing. The list is almost invarlaDiy Iower 'nls Ils
and Richmond and West Point l per cent
Hooking Coal was conspicuous for strength
during the entire day and is N per cent nlgner
tonight
Railroad bonds were quiet as usual, and al
though there was special animation In the
Richmond and West Point collateral trust
ahd The se AtehsSn WnlH
total. neither made any marked movement,
and while the general tone OF the market was
stronger than usual Of late, the lmPor.ant
changes at the close are very Few In numDer. @ r
The sales of all issues reached Sl,zaOVV;
Among the most marked advances, Albany and
Susquehanna Is rose to 13l, and NorfolK ano
western general Is 81 to l2l.
Government bonds have been dull and
steady.
State bonds have been dull and steady.
4ne fOSt says: There are conSloeraDle euorts
TO create active trading IN Richmond Terminal,
and for this end the story of the possible con-
nection of the Richmond Terminal with the
control of the Baltimore & Ohio ID revived
every day or two. Last evening, in connection
with some ambiguous hints about some sort OF
connection between the Reading, the Jersey
Central. the Richmond Terminal and the baitl-
more & Ohio, the first three of these stocks
were all marked up just before the close.
There is, however, nothing in the story wnat-
ever, as far as the Reading or the Jersey Cen-
trail are concerned and in fact nothing SO far
as the Richmond Terminal is concerned, ex-
cept that some Of the individuals who are
prominent in the management OF the Rlch-
mond Terminal have probably acquired some
interest in the syndicate which has bought the
control of the Baltimore and Ohio, but it is
personal interest and not in the name nor in be-
half of the Richmond Terminal. Moreover,
this personal interest does not control the syn
dicate which now controls the Baltimore and
Ohio. If the Richmond Terminal ever gets
control, 1t will probably be only by paying the
syndicate 120 to 130 for the 15, 100 shares Of
the Baltimore and Ohio stock necessary for
control. The Baltimore and Ohio as it now
stands is a good investment, and the syndicate
who have control of it are quite well enough
aware Of that fact not to sell it to any other
corporation except at large advance on what
1t has cost them.
The following table SHOWS the prices or active
day. Corrected daily for The DISPATCH by
WHITNEY & STEPHENSON, oldest Pittsburg mem
bers of New York Stock Exchange, 81 Fourth ave-
nue.:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
SINGING SPIRITS.
They Come Forth From Their Graves and
Sing Familiar Hymns.

Sing Familiar Hymns.
BIRMINGHAM, ALA, June 13.-Neal
Hillabee, Cleburne county, Ala, may be
seen the ruins Of a small country church
and near by little cemetery. plain pine
headboards bearing the names OF those who
sleep in each grave. The place is known as
the Haunted Church of Hillabee, and the
residents of the neighborhood can not be
induced to go near the spot after night
fall. About 20 years ago the Hardshell
Baptists OF the neighborhood built little
log church, and services were held
there every Sunday. One Sunday just as
was seen approaching with a roar like
thunder. Seeing that a storm was coming.
the congregation hurried back into the
church to wait until it subsidized. Many of
them were badly frightened by the terrible
roar, and the preacher, entering the pulpit
again, opened a hymn book aud commenced
singing that familiar hymn, ''Rock of Ages,
Cleft for Me-"
The congregation Joined in the singing,
but their voices were almost drowned by the
roar of the fast approaching tornado. The
singers had reached the line of another hymn
beginning "Other refuge have. 1 none,"
when the cyclone, Tor sucn the storm proved
to be, struck the church. There was a ter
rible roar, crash, and the song was fol-
lowed by screams of agony. The church
had been blown down, number of people
killed and many injured. ALI those killed
were buried in the little graveyard near by,
and the church was ever rebuilt. tits said
the spirits of the dead come forth from their
graves every night, and gathering at the
spot where the little church stood, they sing
again the old hymn, Rock of Ages, CleIt
for Me-"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
STOCKS LET GO.
A Decidedly Weaker Feeling in Wall Street,
Due to Reports of Trouble in Ger.
many and Shipment of Gold
Silver I,euisIa tiop

SILVER Legislatfon.
NEW YORK, June 1a-The stock market was
again very dull to-day, Notwithstanding the
activity displayed in a few of the leading
stocks, and while the first inclination of prices
was TO advance. the market afterward became
weak and slowly dropped off to about the low-
est point. The feeling in the forenoon was
bullish, and the purchases by commission
houses did much to keep the bearIsh traders in
line, and some improvement was made.
Later however, there came reports of trouble
in the German markets, and while the reports
were denied, the sending of 81, 600, 900 gold to
the continent may have had something to do
with the rumors The impression that gold
was to be shipped made its appearance in the
Afternoon and nothing could be had of an Off
cial nature until just before the close. The in
fiuence of the rumor was bad. and was seen in
the steady dropping of the figures. The trans
action, it is learned, is made on special orders,
and must be at loss. as gold cannot be shipped
now without loss under 81 SS3z. while the highest
quotation for bills was S4 IS to-day.
: The market was almost purely professional
one after the forenoon was over, and the alb
sence of demand, together with the selling for
London account in the forenoon made the
traders bearish almost to a man for q turn, and
to aid the decline rumors that silver bill will
pass were persistently circulated. The general
Impression on the street, however, is that there
can hardly fail to be an agreement on this
question, and this feeling to-day was backed by
advices from Washington which stated that an
agreement will be reached before the end of
the week. In the early trading Oregon Trans
continental was specially strong and gained
per cent, but in the afternoon the decline was
led by Sugar and Richmond and West Point.
The declaration OF the dividend on sugar
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14

BosToN-There has been a quiet market for
wool during the past week and sales have
amounted to only 207S, 900 pounds of all kinds
including 536, 900 pounds of foreign. The mar.
ket for domestic wool is rather easy, under in.
creasing receipts. The stock of Ohio heeces Is
still small and the sell at 3lQ32c for X and $50
34c for Xxx. Michigan x heeces sold i'll small
lots at 30@301ac. No l combing wool dull at IS
@40c. Ohio f1ne delaine at 95@36c, and Mich.
igan fine delaine at 35Q36c. Territory
wool have been quiet and sales OF
fine at 6O@62c, and of fine medium at 58G60c
New spring Texas sold at 17@20c for short wool
and 22@2Sc for years growth. New spring
California has been selling mostly at SOC for
short woods and Coo for the long staple. Oregon
woods dull Sales of fine unwashed heeces have
been at 20@23c and medium at 25029c. Pulled
woods in moderate request with sales of super
at SOG4Oc and extra at 23@2Sc. Australian woods
have been sold quite freely 1T S6@41c- Foreign
carpet woods quiet.
PHILADELPHIA-Woolm market quiet; prices
steady; stocks light; Ohio, Pennsylvania and
West Virginia Xxx and above, 33434c; K.
3lG33c; medium, 37Q39c; coarse, 35Q36c; New
York. Michigan, Indiana and Western finer;
x and Xxx, 2S@3lc; medium, 3612Q3S1%c;
coarse, 34@3511c; fine washed delalne X and Xxx,
360SSc; medium washed combing and delaine,
40@42c; coarse, 95140S7c; tub washed, choice,
3o@40c; fair. 37Q3Sc; coarse, 32@38c; medium
unwashed combing and delaine, 2S@3Ic; coarse
do. 261aQ2Sc; Territorial, 16Q22c; Montana
17Q25c.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14

THE Andes left Cincinnati last evening for this
port
CAPTAIN MARSH MCDONALD arrived in Cincin-
natl from Pittsburg Friday.
CAPTAIN JOHN B. DAVIES, the veteran engine
builder ii dangerously i'll at his home in Jeffer-
sonyille.
DIVER JOE GRAHAM has gone to Pittsburg TO
make excavations for the water works there
Enquirer.
THE Louis A Sherley, Captain E F. Moddy in
command. arrived last evening after q very agree
able trip up the Ohio
The Scotia of the p. & c. P. c., Captain John
M. Phillips, master, left here at P N, YESTERDAY
for Cincinnati with large cargo and passenger
list.
The coal operators at Pittsburg are not anxfous
for a rise in the river just now. They would
rather have rise in the price of coaL-Courfer
Journal.
The Hudson will be to-day,s packet for Plrts-
burg and leave Cincinnati at p. NJ, CAPTAIN
Frank Ellison commanding. Mr.. Dan Lacey is her
chief clerk.
rise. All the markets between Pittsburg and the
Gulf have abundant supplies, sufficient to last the
balance Of the year.
THE Buckeye State will leave Cincinnati for the
lower Ohio and Memphis this evening" and takes
tain John s. Patterson commands and Tbomaas
Bond has charge Of the office.
J. NJ. THOMAS, one of the men who saved the
uelSdleu shll man IN the Quel on the river last
Thursday forenoon, was seen yesterdav He
confirmed all that had been published in THE
DISPATCH about the affair, adding that s'fresh''
reporter on an evening paper had come 10 him
and tried 70 make him deny Ii, but that it was
quite true, nevertheless.
THE following arrivals and departures were re-
ported at Cincinnati Thursday: The keystone
State for Pittsburg, and all the daily packets left
with fair trips. The Gate City and crown Hill
passed.down with timber tows. The Sam CLARK
passed up from below with empties for PittsburR
Captain Andy harsilliott and Mr., Gibson pilot
her to Pittsburg. The City Of Vevay arrived from
Louisville last night having been detained by
way business. The Diamond passed up with emp
ties from New Orleans for PittsburS.
Captain W. II. Thorwegen has expended over
sOO in this city building and rebuilding steam
boats never going abroad to do his work Him
self Captain Garrison and owners OF the Repub-
lie will bulle large sidewheel steamer at the
Carondelet ways, commencing this fall. to be
completed by spring. at a cost Of 500 600, She
will work in the excursion business here with the
Republic in the summer, running South in the
cotton trade during the winter.-St. Louis Repub-
Tic.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
By Telegraph.

NEW YORk-Beeves - Receipts, 8, 3H head.
including 80 carloads to be sold; market Is
cents per 100 bs lower; steers, 81 00(94 so per
100 fbs; bulls and cows So S013 so; dressed beef
steady at 6s4@711c per b; shipments to-day, 443
beeves and IL sheep; tomorrow, 2O46 beeves
and 1914 quarters of beef Calves-Receipts,
576 head; market steady; veals So OO@5 so
per 100 ms; buttermilk calves, So 00@4 so.
Sheep-Receipts, 2, 40 head; market dull and
shade easier; sheep. 81 00@5 40 per 100 bs; lambs.
S. 50@7 70; dressed mutton dull at 9G0lO1lc per
d; dressed lambs weak at lO0l2Hc. Hogs
Receipts, Ls40 head; market nominally steady
at 50 4O54 80.
CHlCAGO-Tbe DroUerS' Journal reports:
Cattle-Receipts, 5000 head; shipments, $500
head; market slow and lower; beeves, 81 70
as 90: steers. s. 65@4 65; stockers and feed
ers. 81 5O94 10; COWS, bulls and mixed, 81 4O@
10; Texas steers. 50 40@3 20; cows. 81 60@2 70.
Hogs-Receipts, 22,OOO head; shipments, $500
head: market strong and &c higher; mixed. So 20
"a 90; heavy, So SO@4 0719; light. So 1904 co.;
skins. SO OO03 So Sheep-Receipts, 1000 head;
Shipments. 1000 head; market slow and shade
lower; natives. 81 O0Q5 so; Western, 81 00@5 20;
Texans. So 25@4 25; lambs, s5 0006 90.
ST. LOUIS - Cattle = Receipts, $500 head;
shipments 100 head; market active; good to
fancy native steers, 81 1904 80; fair to good
native steers 81 00Q4 so; stOckers and feeders,
So 8Oll3 80; Texans and Indians. 50 1904 90.
Hogs-Receipts, $500 head; shipments, 8,400
heavy, s3 7093 so: packing grades 50 65@3 70;
light fair to best. S. 60@3 70. Shecp-Receipts.
400 head; shipments, LOO head; market steady;
fair to choice clipped, So 75Q5 10.
CINcINNATI-Hogs higher; common and
light, 81 1893 rs; packing and butchers. So 65
@3 80. Receipts, l,SO0 head; shipments, l,54O
head.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
IRON TRADE REVIEW.
There is Nothing Like a Boom in the
Local Market, but Just
A STEADY VOLUME OF BUSINESS.
Heavy Demand for Pig for Immediate
Delivery in the South.
REPORTS FROM THE EAST AND WEST

In iron and steel the situation is practi-
cally the same as it was a week ago. The
tone of the market is steady at the late ad-
vance. Bessemer irons are specially active
and firm. Said one of our leading commits
sion men to-day: Business is in good shape
and markets are healthy. While there is
nothing equivalent to a boom, there is some
thing better, namely, a steady market at
present prices and gradual growth OF trade.
The slack time of the year is here and wants
of consumers will be much diminished the
next three months as compared with the past
three months. But IN spite of this. trade holds
up fairly we'll and there are no signs of re-
action IN markets yet in sight. Transactions
have not been heavy the past week, but show a
gain in volume over the previous week"
There is an i'm proved demand for cut nails,
and prices are a shade higher than they were a
week ago.
Wire nails are unchanged. The same is true
of steel rails
Blooms and billets are in better demand this
week than last, and prices have advanced
70 higher level, as quotations below will
disclose.
The situation as to steel nails is unchanged.
Demand is good and prices steady.
Following are the latest quotations:
Structural Iron Angles s.. Is: tees, soc: beams
and channels, 8. 0c; sheared bridge plates, STEEL
z.6oc; universal mill plates, iron, 2.S5c; refined
bars, .95c card.
Bsrbed wire fencing. galvanized, So 60: plain
ff n alx-ar zaI
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14

proposed to have some fun with him. They
dressed themselves as Ku-Klux, and then
chased him out of the house and into the
woods. 1t was morning before he wandered
back to the boarding house, nervous almost
to the point of frenzy. His cousin advised
him to return home, and they were on their
return trip when Thomas was taken sudden
ly and violently insane here to-day, and it
required two men to hold him. He was
taken to Traverse City this afternoon, and
had TO be put in a strait jacket to keep him
from harming himself and others.
Colsgrove is bright, intelligent fellow,
about 30 years old, and will be returned to
his home if he RECEIVERS sufficiently to be
trusted to the care of his cousin. Young
Colsgrove's uncle is on his way to meet
him and has wired that he will make it hot
for those who scared him.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
IMMEDIATE DELIVERY.
The Activity in Iron Continues in the BIr-
mingham District.

mingham District.
ESPECIAL TELEGRAM TO THE DIsPATcHy
BIRMINGHAM, ALA, June 13-The iron
trade continues active this week, with steady
6ow Of orders for immediate delivery. The
sales for the past seven days amount to nearly
10000 tons, and all of it is for June delivery.
The continued rush of orders has naturally
caused a stiffening of prices. Furnaces with
little stock on hand and those that have most
OF their output for this month sold are asking
an advance of so cents per ton on No. and No.
foundry iron. If trade continues good an
other week No. foundry cannot be bought for
less than SIS f. o. b. at furnaces and No for
Sl2 These figures are asked for July delivery
in large lots and evenshigher prices are asked
by several concerns
Twenty-Five of the furnaces in this district
are in blast. One of the big furnaces at Ensley
has shut down for repairs but will be ready to
go in blast again in 80 days. The iron manufact-
urers of this district are all confident of an
early advance of prices all over the country
ana they are anxious to accumulate some
stock. No orders for delivery in go or 80 days
IN the future are being accepted. and in some
cases quotations will not be made for delivery
later than July 10
e. A Johnston, of this city, is organizing a
company to build two lO0ton coke furnaces at
the loot OF Red Mountain, mile south of the
city. The output of the coal mines of the Sloss
Iron and Steel Company has been increased to
500 tons per day by the opening of new shafts
and slopes at Coalburg and Brookside.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
AFTER STOCK TAKING
Business Is Expected to Further Improve
In the Eastern Markets.

IN the Eaateru ulaFkelSs
nPEcIAL TELEGRAM TO THE DIsPArcHi
PHILADELPHIA, June l2-About July iron
mills take an account of stock and that the
task may be made as light as possible, stocks of
finished iron and of raw material are permitted
TO run very low. Purchases of pig iron
Tor immediate use, therefore, are apt
to be light during June. On
this account the market may rule quiet
for the Lalance of the month. Reports from
cities In the South and West continue to be
buoyant, and active markets are indicated.
Statesmen in this city report inquiries for large
amounts of pig metal for use after stock TAX
ing with a probability that contracts will be
closed shortly. Stocks at furnaces are not
large and the market rules firm, but quiet at
for No. 2 and Sl6 for gray forge.
Orders for steel rails are running to the light
weight rails, which sell as high as S35 per ton,
GS2 CO. Muck bars are firm at SIS 25G2S SO per
this market and prices are nominal
buyers offering S24 so and sellers ask
ing S26 per ton. Bar iron is steady and
in tair demand at lS0GLS5c per pound
Tor hrst-class iron. Skelp, groOved, is moving
at l12Gl.75c per pound delivered, and sheared
at l9OG2c. Plate mills are holding their own,
and the market is steady at the following quo
tations respectively for iron and steel: Ship
plates, 2l092 l5c and 225@235c: tank, 2l09
2l5c and 230Q2 40c; bridge, 2l0fl2l5c and 2S0
924Oc; hahge, 3@Sl5c and 2S093c. The struct-
ural iron mills are busy, orders being received
at former prices,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
81 oo@z 50; packing do. So 5O@s IS; clover hay,
81 5OQ8 co.
sTRAw-oat, So 1897 Oo; wheat and rye, 50 90
G6 6
Provisions.

sugar-cured hams. large. 1oc; sugar-cured
hams, medium, 1054c; sugar-hams, small. 114c:
sugar-cured breakfast bacon, SIC; sugar-cured
shoulders. 654c; sugar-cured boneless shoul-
ders, SIC; sugar.cured California hams. &c;
sugar-cured dried beef fats, &c; sugar-cured
dried beef sets, l0c; sugar-cured dried beef
rounds. 12c; bacon. shoulders. &c; bacon, clear
shoulders, SIC; dry salt clear sides, TIC. Mess
pork, heavy s13 so: mess pork. family, Sl3 30.
Lard-Refned, in tierces, SIC; half-barrels, &c;
60-b tubs, &c; 20-b pals. 6ssc; SON tin cans.
SIC; BID tin pals, 611c; 5b tin pals. 6ssc; 10-n
tin pals, &c. Smoked sausage, long, DC;
large. &c: Fresh pork, links. &c. Homeless
hams. 10Hc. Pigs feet. half-barrels, "a w;
quarter. barrels, So Is
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
Other Oil Markets.

BRADFORD, June 13-Petroleum opened at
9Os4c; highest, 9l5sc: lowest, S9Tc; closed,
S9ac; clearances. 276.0O0 barrels.
OIL CITY, June 13-Petroleum opened at
905sc; highest 9lssc; lowest S91sc; closed. S95sc.
Sales, $4,000 barrels; clearances not reported;
charters, 49, us barrels; Shipments 97,230 bar.
rels; runs, "a, 693 barrels.
NEW YORK, June 13-Petroieum opened
irregular, spot being steady at $3.50, while July
option was firm at Gle. Prices advanced to goo
for spot and 9l3sc for July in the early trading,
then the market turned sharply and closed
weak. Stock Exchange $3.50; highest,
Exchange-OpeDing, elc; highest, 9l9Sc; lowest,
9O1sc; closing, e0c. Total sales. 1881 zoo barrels
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14
C,osIua Bond Quotations,
NEW YoRK-clearings. s12s,sls, 76l; balances

NEW YoRK-Clearings. Sl2s sl9. 76l; balances
81 1852 40.
BosToN - Clearings. s1S,6s7,O52; balances,
81, ,76S 9S2 Money 506 per cent.
ances, sl,54S, ,2l3
-clearings. s2Ol2sSo; balances,
S206, ,667.
LoNDoN-The amount of bullion withdrawn
from the Bank of England on balance to-day is
f55. .1vJ. Bar silver, 475zd per ounce.
PARIs-Three per cent rentes, 9f THO for
the account.
CH1cAGo-Clearings, S1S. 143.0 600. New York
exchange at par. Money remains unchanged
ST. LoUIs-Clearings, S. 997 053: balances.
SS54 266. Exchange on New York 75 premium.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-14

NEW YORK, June l3-Cotton fabrics and
shirting purposes were selling well, considera-
BILE freedom. and there was good demand for
wide sheetings corset satteens and nat gold
cambrlcs. table damasks and quilts. Brown
cottons were in improved demand by exporters
and converters, and standards and four-yards
sheetings and drills are very scarce and very
nrm In tone. There was no change in woolens.
business continuing moderate. An auction
sale OF 1000 pieces satinets by order of the
assignee OF John F. Plummer & Co., brought
better prices than anticipated. which indicates
the improved feeling in regard to woolens,