davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
WALL STREET GOSSIP.
Tips From the Inside for the Bsnenf Of
Local Investors.

Tips From the Inside for the Benenf Of
Local Investors.
Special to John M. Oakley & COL
NEW YORK, September 2O-The bulls were
in high glee yesterday, and the bears were mo-
mentarily retreating, but the pleasures Of the
bulls were short lived. To-day the market
showed that the bears had done their most
anxious covering, and that holders were taking
advantage of the opportunity to get out. 1t
was long selling to-day that broke the market,
and one cannot help but think that Mr..
Gould's constant appearance In the street as a
bull talker is for the purpose of making
market to sell on. Large operators who express
emphatic opinions are always under suspicion
that commission brokers are measurably free
from. We honestly believe that stocks are to
go lower than yet seen this summer, and we say
this in the face of immense Treasury disburse-
mems and no end of bull gossip We feel it,
and that is the reason we wish our long custom
ers to sell.
The bank statement showed the associated
banks to have $1,000. .00U ebove the legal limit,
and they are in better condition than these
figures disclose, but the money market is either
a feast or famine. The Treasury has turned
panic. 1t has bought 4s and SIS in large
blocks, disbursing in this way within a month
nearly sixty millions. 1t has anticipated inter-
est for year on over six millions bonds, and
yet hardly national bank in this city to-day
will make a time loan. The bulls are those who
have something to sell, The bears are those
who are out and regard the situation perhaps
with little severity as critics. but who are
nevertheless bearish because they are not COM
pelled to be bullish.
The outlook for net railway earnings on the
Western and Southern systems is not good
compared with what they were last year, and
unless they can do better we think these
stocks are not worth the money. The mercan-
tile community is overloaded with imported
goods that must be sold, and If Democratic
members of the House continue to filibuster
and Republican absentees do not all return it
is barely possible the tariff bill may go over to
the next session in December, prolonging the
misery If the bill passes it will be some time
before trade adapts itself to 1t, and the effect
of such radical measure cannot be estimated
in day or week. Besides this, If European
governments make retaiatory orders to our
grain as France has done as to our pork in re-
turn for importing duties on pici ures and wine.
we may be placed at great disadvantage in
the export trade.
We venture to predict that inside of three
weeks the Bank Of England will raise its dis
count rate to 5 per cent. Our market will be
subject to occasional rallies, but we do not feel
justified in modifying our bearish expressions
of the last six weeks
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
A BeautifnI Gilt TO Po.t III.

Mcpherson Post No. III. of TIE East End.
was most agreeably surprised last Friday
evening. At the regular meeting on the
previous evening an invitation was received
from the ladies of Mcpherson Relief Corp No.
90 to meet with them on the next evening at
their hall, which was duly accepted. Accord
ingly the comrades rendezyoused at the hail.
and while gathering the purpose of the ladies
was variously surmised. They were kindly
received. After half hour spent in congratu-
latory speeches lull in the conversation gave
opportunity for the presiding officer and Secre-
tary TO retire for a moment but they inme-
diately reappeared. bearing magnificent silk
flag. which was presented TO the post on behalf
of the Relief Corp by Mrs. Abbie Lynch
Commander HOughtOn, in receiving the flag
for the post. was SO affected by the surprise
that lie declared his inability to make ADEQUATE
acknowledgment to the ladies for their val
liable gift
Mcpherson Relief Corp No. 60 is but recently
instituted. but already has quite a strong
membership, who are actively exemplifyipp
the prac ical virtues of Christian patriotism in
caring for the old soldier, his widow. and or
phans They invite all loyal ladies of the-E East
End to ioin them
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Der. and 81 o59sal oe for May. and closed about

ber. and 81 o51S@1 06 for May, and closed about
N@%c lower than yesterday.
Corn was fairly active, moderate business
being transacted within H97sc range. Feeling
prevailing was easier early, but later better
tone was manifested. First trades were at
H@%c decline, after which the market sold
up: reacted 1sc, advanced Hc, and closed at
outside figures.
Oats were fairly active with a decidedly
nrmer FEELING, especially for the near futures,
which were offered sparingly and wanted very
freely Dy shorts, who bid prices up %g1ac.
May was traded in fairly, but prices only adj
vanced nc, and the market closed steady at
about OH tside figures
Pork-A fair trade was reported. Opening
sales were made at 211105c decline, and afurther
reduction OF lOc was Submitted to,
Lard-Rather more doing. Prices declined
Z20oc and the market closed steady.
Snort Ribs-A moderate trade was reported.
Prices ruled 216@5c lower.
The leading futures ranged as follows:
WHEAT - No. 2. September. VNQ9S8
9714@9714c: December. 81 0l@l 0lsS0l O0s4@l OF;
May, 81 055s@i 06@1 O5159l O53l.
CoRN-No. z Sept mber. 475s@4Ss4a472S@
zS4c; October, 4I9s94S1d@47ss@4S14c; May 5OQ
Oars : No. 2, September, a%@sS9S7sS@
sSc; October, S1149SSA93711@3s1Se; May. 4Oss
@4iH340ss@4l1sc.
% 65as 80; January, sil S21S0n 95@lI S21S
oil S7]S; May. sl2 5755@I2 57559I2 45@l2 45
LARD, per 100 rs. = October, So 221466 221l
@6 20G6 22115; January. S6 6506 65@8 6O@6 621145;
May, 81 05QlT 05@7 0Ol7 e21l.
SHORT RIBS. per 100 bs.-0ctober. s. 400
40Q5 356a5 371d: January. IS S21kl5 S214Q5 TX
as 50; May. IS 2O76 2O96 171595 171S.
Cash quotations were as follows:
Flour quiet and unchanged. No. 2 spring
wheat. 9711c: No. spring wheat 90l92c: No.
red, y712c: No. corn, 1910; No. 2 oats, 38c;
No. 2 rye. Gle; No. barley, 75c; No. 1axseed.
81 So Prime timothy seed, 81 3C@1 81. Mess
pork per Dbl, So IS. Lard per 100 lbs, So 2271<.
Short rib sides, loose. s5 3505 40; dry salted
shoulders. boxed, s. 75G5 S716: short clear
sides. boxed. SIS sG@5 IS. No. 2 white oats, SEQ
40c: No. white, 3734G39c.
On the Produce Exchange to-day the butter
market was steady; extra creamery 22@23c; ex-
ira firsts. 1S019c; extra dairy, lS9lgc: extra
frsts, l5@l6c. Eggs at 17@lsc.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
RIVER INTELLIGENCE,

Business In Brisk on the Levee-Tbe Water
Takes a Drop-The snagboaf Working
at Davis I.land-Coal Operators Grum-
bIe Mt Del,y.
The prediction of rain on Friday did not ma
terialize, inasmueh as the weather was de-
gree or SO too chilly, and the river still con-
tinues to go down. reaching the seven-foot
gauge before it stopped. Business was equally
as brisk as the winds, which blew up from the
Ohio notwithstanding that one packet was
missing.
The matter that interests coal shippers most
at this time is the work of the snagboat Wood
ruff. Her operations in the Ohio in moving
Instructions will tend to increase coal shipping
to some extent. The opportunities of the snag-
boat to do good and effective work during the
summer were many. When navigation was
stnpped no better time to clear the river could
have been desired, but the Government put the
matter off from week to week, increasing the
risks which have heretofore been drawback
of no little consequence to the coal trade.
1t is a question, Captain j. A. Wood says,
whether the boat can do any good before the
water becomes too high. Her first work will
be at DAVIS Island dam, where she went yes
terday to remove some piling. After that she
works on down, and the oDstructions are
dam that it is likely that she will be
overtaken by the fall floods before she gets
down to the places mostly in need of attention:
The coal shippers are glad to see the work OF
cleaning the stream started, and will overlook
their grievances if the snags are out before
another million or two bushels Of coal 60 for
naught against the snags.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
AFTER TWO YEARS
Of Almost Constant Suffering
Mr.. ]. S. Moore IS Fir
nally Cured by
DRS. COPELAND & BLAIR.

''About two years ago exposure brought
on a severe cold. Like all young men I
paid but little attention to it. Cold followed
cold, until l soon iound that was afflicted
with serious catarrhal trouble"
The speaker was Mr.. j. s. Moore, of No.
1914 Seventh street, Southside, a partner
with Mr.. Miller, the wellknown restau-
rateur at No. 121 and 123 Fifth avenue. It
was of his successful treatment with Drs.
Copeland & Blair, Tor his catarrhal trouble
that Mr.. Moore re erred. Readers of these
columns will remember the case Of Mr..
Miller, which appeared about six weeks
ago, after having been permanently cured
by Drs. Copeland & Blair for q serious
SION eh trouble.
"As said" continued Mr.. Moore, 'T was in
serious condition. My head and nose were
constantly stopped up. / had pain in my
forehead directly over my eyes. This pain also
often extended as far back as my head and
neck.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
: new YORK STOCKS.
Hammer the List II Along the Line
Opening Prices Generally

Vulet ana beavy In W"H strpef-Bears
Hammer the List all Along the Line
-Opening Prices Generally
tie Highest.
NEW YORK, September 20.-The stock mar.
ket to-day was very quiet and heavy to weak
from the opening to the close, with the result
of leaving almost everything traded in lower
than last evening. The strong tone which ex-
listed last evening did not last over till this
morning, and London especially was not in
olined to buy while the arbitrary brokers were
sellers at the opening. The bears then went in
to take the market away from them. and, meet
ing with practically no resistance, hammered
the list all along the line. The downward
movement met with no check, and the opening
prices are generally the highest of the dav,
while the closing are the lowest.
The industrial stocks received most attention
but even Lackawanna was prominent for it's
losses. and these were followed blythe Grangers.
Missouri Pacific, however. was prominent for
activity, but was remarkably well held and its
final loss is only u per cent. The trusts were
early fair mark for the operations OF the
bears and from the first transactions they
yielded. followed by st. Paul. 1t was not until
the last hour that Lackawanna became prom
snent but declined rapidly and scored ma
terial loss before the close.
The market finally closed fairly active and
weak at the lowest figures Chicago Gas being
down ~. Sugar Retneries IL. Lackawanna
NJ and Burlington l per cent. Railroad
bonds were quite active. the sales being s495 600.
but out of this amount Texas Pacific incomes
furnished 100000 There was very little move
ment ia the market and all the final changes
are Insignificant except gain of 11S in Kansas
and Texas general 6s 10 81 Government bonds
dull and steady State bonds have been
neglected.
The Post says: The roads in the Middle
States and especially in the bituminous coal
regions OF Ohio, Indiana and Illinois are doing
better than at any tiiue before for at least five
or six years, and now that the New York Gen.
trail strike, which depressed the Vanderbilt
stock SO much, has been almost forgotten, those
stocks will recover at least large part of their
declines in tie last two or three months. So
far as other considerations than money are con-
cerned the granger stocks are the only ones
whose prospects are not very fattering. But If
money become as cheap as there is now reason
to think it will in the next month, even they
will feel the effects of general rise in the stock
market especially as there is still very large
outstanding Short interest in them.
The following table shows the gices or active
stocks on the New York Stock Exchange yester-
day Corrected daily for THE DISPATCH by
WHITNEY STEPHENSON. old Pittsburg meIn-
bers Of New York stock Exchange, 81 Fourth
Clos
Open High Low ing
fnK. est est Bid.
AM Cotton on... Zk
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Reunion Of the sixtrenth CnHnIrr.

A grand reunion of the survivors of the Six
teenth Pennsylvania Cavalry will be held at
Franklin. Pa, next Wednesday. In regard to
it Comrades ]. Irwin Gregg, President, and
T. D. Garman, Secretary of the association,
have issued a circular in which they say:
"Headquarters will be at the Exchange Ho-
tel. A band and choir of good singers will give
US the grand old army songs we used to love.
Orders for excursion tickets on all the lines of
the Pennsylvania Railroad and the Allegheny
Valley Railroad. if not enclosed with this cir
cular, will be sent to you if you write the Sec
retary to that effect. Franklin is beautiful
little city in the heart of the oil country, and
well worth a visit Quite a number of the
Fourth PENNSYLVANIA Cavalry will be present.
among them: Major John B. Maitland, Captain
Robert ]. Phipps, Major John Barr, and nearly
all of our officers who are well enough to at
tend. General Gregg, Colonel j. K Robinson,
Major James c. Robinson. Captain Mcdowell,
Lieutenant Porter, Pealer, Dunn, Burns, Ball,
Brooks. Backer, Guernses. Everhart, Billings,
Atkinson, Policy. Chamberlin, Captains
Ressler Carey, Caughey. Backer, Rush,
Adjutants Miller and Germany are GER
tainly expected. Tickets on the Pennsylvania,
Philadelphia, Wilmington and Baltimore
Northern Central, United Railroad of New
Jersey, Philadelphia and Erie lines, will be
sold from September 20 to % inclusive, good for
return until September q, 1890 inclusive. Every
comrade vino can ought TO bring his wife
along. The survivors of a, c and Z companies
will nearly all be there and they promise us
grand, good time. Make an effort to get there
as we may not meet again for two or three
years. A very attractive programme has been
prepared. Brlng your badges from home that
we may recognize each other on the way. Com
rades on the Pennsylvania Central will get
together and make connection at Allegheny
Valley junction by taking the Pacific Express
west on the morning of the 23d and arrive at
Franklin at 6 P. NJ.
Tickets on the Allegheny Valley Railroad
will be sold from September % to September
. inclusive. They can be had only on orders,
which, if not enclosed. send for at once"
Tie Sixteenth Pennsylvania Cavalry was or
ganized in September, 1862. and was mustered
out IN the fall of 1865. 1t was attached to the
Second Brigade OF General d. McM Greee-s
See"nd Division OF Cavalry Corps, Army of Inc
Potomac.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Post 1875 Excursion Associu,,or.

The organization OF Post ISIS Excursion As
sooiation was completed last Thursday even
ing. Comrade W. ]. Patterson was made Pres
ident; Comrade W. E. Long, Vice President:
Comrade H. H. Bengough, Secretary and
Comrade A. H. Askin. Treasurer. An Execu
tive Committee was appointed consisting of
Comrades H. L. Hoburg, S. 7. Turney, Thomas
Swift James l. Dawson and John c. Swear
1ngen, The initiation fee was reduced to so
cents from 81. The Executive Committe
funds, decided to give a hop and supper at
Turner Hall, Forbes street on Halloween, the
proceeds of which will be devoted to paving
the expense of cornet band which will ac-
company the association to the meeting of the
next National Encampment at Detroit. The
hop will be like all entertainments of the post
first-class, and will be a success.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21

Grand Army Day at Rock Point was
most stupendous success. Every comrade
appreciates the change from the old Grand
Army Day, with its long, weary march
along s narrow and jammed street. Not
only do the comrades appreciate it, but
their wives, families and friends gladly well
come the change. 1t is one that all can
enioy. The number of old soldiers and
their friends that went to Rock Point was
even beyond expectation. The natural
beauties of the place were enjoyed. as was
the dancing and outdoor sports, and
general good time spent. The
dress parade of the Grand Army
was a success, as was that of
the Sons of Veterans after it. Excellent
addresses were delivered at the camp fire.
The ladies of the G. A. r. and the Women's
Relief Corps handled the refreshment part
of the programme with satisfaction to all.
District Passenger Agent Samuel Moody,
OF the Pennsylvania railroad, pays pleas
ing compliment to the Grand Army by say
ing that there never was an organization
taken to the Point that maintained better
order or cared better for the property of the
railroad. He congratulated the Grand Army
on this. The Grand Army in return was
very much pleased with the way Mr..
Moody took care of the immense crowds.
Members of the General Committee
think that much of the success of the occasion
may be laid to Comrade A. P. Burchtield. Chair
man of the Entertainment Committee. He
worked hard for the occasion, and may be con-
graduated on the results.
1t was day to be remembered pleasantly for
q long time, and the Grand Army Day of last
Wednesday, which is to be the Grand Army
Day of the future, will hereafter be looked for
ward to from wear to year with feelings of the
liveliest and pleasantest anticipation.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Closing Bond Quofations.
OBSERVATION-DISCLOSURES, li6115sl; bal

PHIbADELPHIA-Cleari sll, ,611, ,5Sl: BAL
ances. 81. SOL 427. For the week-Clearings. s72,-
1872 757: balances. Sl0 45S 9S2. Rate of interest,"
BALTIMoRE-Clearings. 81, 5S4, ne; balances,
S843 4l8 --.
NEW YoRK-Clearings, sls6, ,o38. 100; balances,
S7.3S9 1885, For the week-Clearings, SS2S, ,6e9 602;
balances, S44, 496 060
BosToN = Clearlngs, sl50e334s; balances.
81, ,7369e6. Exchange on New York. 5 cent dis
count o cent premium for 1000. For the
week-Exchanges. SS7, 123 023; balances, $40 ILL.,
GIG. For the corresponding week last year
Exchanges. $50, 49,, 26S; balances, So, 265. 859
PARrs-Three per cent rentes. 95f 2715c for
the account.
ANTWERP - Petroleum, 1877 paid and
sellers.
CHIGAGo-Clearings for the week. s84, ,531 .o59.
against SIS, or, ,293 for the corresponding week
last year. The clearings for the day were Sl3,
3S2, 600. New York exchange was at Soc dis
count. Money was steady at 6@6I per cent on
call and 815Q7 per cent on time loans.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
ON a LOWER LEVEL.
Local Stocks Lsse Ground, but Reaction
AmonR the Proba biIifIes.

Among the Proba abilitIes.
AS result Of tight money and general de-
moralization of the speculative markets. busi-
ness in local stocks during the week was Of
small proportions and almost without excep-
tion at lower range Of prices. Sales yester-
day were the larges: Of any day of the week,
aggregating 329 shares For the week there
were l,199. against less than 1000 the previous
week. But while there was gain in business
the number Of interests handled was smaller.
Closing prices. as compared with those of the
previous Saturday, show concessions all along
the line, but as, in nearly all cases. they were
for fractions, the declines signify noGhing to
the detriment of the properties. A few holders
concluded to realize, and they found customer
for their stuff. That was all there was of it.
There was no scare; and no fears Of a panic.
Indeed, such o thing is almost impossible with
such securi as Pittsburg offers to the public.
Although prices closed at about the lowest
point of the week, there was a better feeling
than for some time. aud the hope was again
cherished that the wors was over and the
dawn Of bette times near at hand. This was
based upon easier money and returning con-
fdence in the East. All that is needed to secure
the fruition of this hope is Iiberality on the
part of bankers to the brokers' when they offer
collateral 'as good as wheat"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21

Tailor-made cloth and stockinett jackets
SO, ,S4, s5, Sc and up. Seal plush jackets, satin
lined, good qualities, 81 80, SS Al, SO, $40 and
up. Extra quality plush sacques, Listers
plush, S14 S5, SIC 30, $40 IS to S24 80; satin
lined Astrakhan capes, $2 95 TO 81 so; fine
plush capes 81 80 to S12. Novelties in im-
ported jackets, wraps and embroidered shawls
at prices which DEFY competition. Come and
see for yourself. RosENBAUM & Co.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
AFoir IN he Given Inv Pas, aas

Post 2S6 has under way the arrangements for
a fair. which will likely be given at Salisbury
Hall, Southside. 1t will probably not COM
mence for six weeks yet, but the energetic post
of Allentown already has a good start in the
matter. Comrade Taylor Hopkins has been
appointed Chairman of the Fair Committee
AID ]. Z. Johnston, Secretary. The sub-com.
mttees will be appointed al the meeting next
Friday. The ladies of Circles No. and "a,
Ladies of the 6. A. r.. will assist the post. This
will likely be the last fair that Post 236 Will
give. The proceeds will be for the benefit of
the relief fund,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Gathered Among the Veterans.

IT was great DAY.
EVERYBODY had good time.
CoMRADE Y. s. REEs, of Post Isl, is recover
fng nicely and is again on duty.
THE man who did not enjoy himself at Rock
Point should have been tossed in blanket
THE ladies did their part to perfection. and
deserve all the credit that can be heaped upon
them.
THE regular meeting of Post 259 will be held
next Tuesday. An interesting evening is
looked forward to.
CoxRApE GEORGE FRANK SILL, of Post
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Home Treatment.

Mrsl Robert Ramsey, of Washington, Pa,
speaking of her successful treatment with Drs
Copeland Blair, says: Every fall for the past
five years have been troubled with chronic
dyspepsia Have tried countless remedies and
various physicians without any relief. l could
not get ease from pain In any position would
assume. Every breath drew was like knife
cutting me. became weak and pale, losing
greatly In weight.
Il began treatment by mail with Drs. Cope
land d Blair All these symptoms have dis
appeared, and l now feel as well as I ever
did"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
LIVE STOCK MARKETa
The CondItion Of Business at the East Liberty
Stock Yarda.

OFFICE OF THE PrTTsBURG DISPATCH,
SATURDAY. September 20, 1890. :
Cattle-Receipts, 1897 head; shipments L6S0
head; market nothing doing; all through con-
sgnments. Twenty-Five cars cattle shipped to
New York today.
Hogs-Reeeipts, 3,400 head: shipments, $500
head; market firm; Philadelphia, s. 05G5 l9i
Yorkers, 81 e005 90; grassers, 81 60G4 50.
Eleven cars of hogs shipped to New York to-
day.
Sheep-Receipts, loo head; shipments, 1000
head; market nothing doing; nothing on sale;
no demand.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-21
Mining Stocks.

NEW YORK. September Enclosing quo
B. H., $50: Commonwealth, 240; Deadwood Ter
ritory 104; Eureka Consolidated, $50; Gould &
Curry. 200; Hale and Norcross, 225: Homestake,
1000; Horn Silver. 200; Grown Point, $50;
42OO Standard, loo; North Commonwealth, 225