davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
LANDS AND HOUSES.
Renlty Active All Along the Line-some
Big Deals.

Renlty Active All Along the Line-Some
Big Deals.
!. NJ. Pennock & Son sold a two-story brick
residence, No. 179 Center avenue, lot "a feet
front on Center and 1853 feet deep to Wylie
aveune, for account of Thomas H. Hunter. to
Leo Reed; consideration 81, 800 cash. They also
sold and settled a mortgage for 81, 200 on farm
IN Indiana county, one for & 600, one for 500
on property in McKeesport, three years each,
and one for $500, three years, in Eighteenth
ward, city, at per cent interest; no tax.
James w. Drape & Co., of 129 Fourth avenue,
sold property on Washington street, South
side, l20x150 feet, with old buildings thereon,
for S22,j00 cash, subject to this years taxes;
also sod house and lot at Mansfield, six
rooms. ETC., in house, and lot about 4Ox15O feet,
for SGD; also residence and large lot in the
East Erd, of which particulars have to be with
held for the present, for S2l 600; also house
and lot near Lincoln avenue, East End, for
$500; also placed a mortgage of $4,000 on
large property in Allegheny at a special rate;
also d mortgage of $1,000 on a residence prop
erty adjoining Hiland avenue, East End. at 5
per celt and State tax; also a mortgage of
50, 200 al per cent on residence property In
JohnstdwD: also placed over LOCO shares OF the
Butler Salt and Chemical Company at $40 per
share.
c. H. Love. No 90 Fourth avenue, sold for
NJ. MaHhinney to John Tarn the property cor
ner Cralg and washington streets, lot 4UXlUU,
with two two-story brick houses, for s9.6 500.
w. Al Heron & Sons sold a brick house of
eight rooms, bath. range, ETC.. being l7S Ply
mouth itreet, Duquesne Heights. for So 200,
with a payment of S25 down and S25 per month,
to include interest.
j. E. Hlass 13S Fifth avenue, closed the ne
Cotiatlons for a lease for long term of years
of a tract of land in the Thirteenth ward, on
manufacture of brick, paving blocks, etc. The
work of erecting the plant will commence at
once
Allies Bailey. 164 Fourth avenue, sold for
John Kill. of Milwaukee, frame dwelling of
five rooms etc. lot 20x60 feet, No. 112 Sixteenth
street. Southside. for $500 cash. John Winter
was the purchaser.
Reed y. Coyle d Co., III Fourth avenue, sold
to +. j. Fox lots Nos. 70 and 80 in Thornton
place plan, Coraopolis, Pittsburg and Lake Erie
Railroad, for $3.50.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
Following are latest quotations as furnished
by leading operators In iron and steel:
THE EXPOSITION OF 1892
Relied Upon to Greatly Strengthen the Gen.
eral Iron Manufacturers.

ESPECIAL TELEGRAM TO THE DIsPATcH.i
PHILADELPHIA, February Is. The iron
manufacturers are relying to some extent upon
the construction of buildings for the Exposition
Of 1892 to strengthen the iron market. Wherever
the Exposition is located it will consume many
tons OF structural iron, which will keep some
mills and furnaces busy. If it is held in Chicago
they reason that the demand from that city will
clean up stocks closely in the South
and at Pittsburg leaving the local demand in
the East to be supplied by Eastern manufactur-
erS. Producers of pig iron state that inquiries
are received daily. but the contracts closed are
generally for small amounts and to meet the
urgent requirements of the consumers. The
SIG for No. and SIS for No. gray forge deliv-
cred at tide. As to merchant bars the inquiry
Is principally for medium grades. Manufacture
ers OF structural iron are busy and holding firm.
The estimate that 1900 miles of projected rail-
way VIII be completed this year, encourages
steel rail makers, but still the market is quiet
at about the same quotations. New rails are
held at S35G36 per ton. but huyers are slow to
meet those figures. There is a moderate de-
maDd for old rails, the price being about s25 20
per ton. free on board.
Quotations in detail are S5265S per bloom ton
for hot blast charcoal blooms: S54@55 for cool
blast delivered and S44Q45 for run out anthra-
cite. Muck bars are dull 1T S3l 80 at the mill
Bar iron is held at l.sOGl.95c but manufactur-
ers are more inclined to make concessions
Skelp moves slowly at 2lo62l5c for sheared
delivered and l95G2c for Grooved. Plates are
steady ana generally moving in small lots at
225923c for tank, 255G265c for shell iron
with 30 to 35c more for STEEL &c for fangc
iron and 2l563 25G for Steel 3.75c for fire box
and 3T5d425c for steel. Bridge iron is quoted
at 256255c delivered angles at 22502 Sc
with 2OgD25c extra for steel, tees 2S029c and
blooms and channels 3lc.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
MEN DONE UP In OIL.
What the Prosecuted Producers Are Doing
in the Several Fields.

in the Several Fields.
Some farmers smile when they read of the
woes OF the oil producers. TOR if the latter are
very badly tied up. they at least furnished the
cords themselves. Perhaps the furry may have
the final result of simplifying agreements SO
that common people may know what they mean
Any one who reads the average lease offered by
the persistent lessees, who throw the farmer
down and sit on him until he igns in order to
escape something more terrible than the wrath
to come, will agree that If the average farmer
tied any one up he didn't know it. 1t is truc
there is story of a Stowe township husband
man who got ahead of an oil-producing
company some S20.OOO, but it isn't certain yet
that he has done 1t, as some think he will yet be
made disgorge. To the ordinary man up q
tree the leases signed by most Grangers IN this
farmer almost nothing. and If the producers put
their feet in it, they should the legal gentle
men who furnished the forms. A good many
years ago General James s. Negley tied many
Beaver county farmers hand and foot. He has
forfeited the leases many years, but some of the
farmers still SO distressed bv night visions
that they ear scarce get any rest.
Nearby there doesn't appear to have been
much change in the situation. The well on
the George Ferree farm. Coraopolis, went
through the 10O-foot without any show of oil of
consequence, but the drill went ON, and yester-
day it was SAID that there were indications of
oil in the next sand, though 1t is gas they are
now delving after. As there was no news from
the Anderson farm well. in Robinson township,
it is supposed that the find wasn't large.
The Ivory farm well on the Perrysvile road
put out $40 worth of oil in the "a hours ending
at noon yesterday. 1t made $50 barrels on
which there S % cents premium.
The timber for rig has been placed on the
Kendall property In C1raopolis. The projectors
are waiting the issue of the Fcrree well project
and will. if it be a duster, use the same boiler
and engine.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
TIGHT MONEY.
The Bears Use 1t rs n Handle TO Depress
Values-Wali Street Looking
to Washington for

NEW YORK, February 2S.-The stock market
to-day was again dull and narrow with all the
animation in the few stocks which received at
tention from the bears. The approach of the
1st of the month as usual gave the bears the
opportunity to bid up money rates upon needy
borrowers, as the calling in of the money needed
for the interest and dividends payable on the 1st
necessitates shifting of loans. This to-day was
the bears chief reliance. and rates ran as bigh
as 10 per cent at one time, and they held up well
until the close, the last loan being effected at
per cent
AS means for depressing quotations. how.
ever, this was comparatively failure. and
only in a few stocks which are subject to in
fuence peculiar to themselves was any progress
made in the downward direction. The money
question is again, however, a prominent one
and the eyes of the street are turned to Wash
ington at present for some indication of pur-
pose to relieve the stringency, which, although
not pressing at present; keeps the market
again moderately higher this morning, but this
market failed to follow the bears. and for 4
time the declines in some shares were rapid
and important. New England also came in for
some attention from the same quarter later in
the day, but no impression was made upon it,
and il was soon abandoned.
The weak features of the day we're the btu
minous coal shares. and Tennessee went down
to 81 and Colorado Coal to 42l4, but while the
latter remained at near the lowest the former
rallied sharply later in the day and more than
ceived yesterday was apparently lacking in the
early dealings, but it came at last and the
upward movement was equally as sharp as the
decline had been. Sugar was affected by re-
ports in regard to the American SugaNRefin-
cry, in San Francisco. and Boston was liberal
seller. but bought again late IN the day. Union
Pacific was the only stock among the usually
active shares which showed any real weakness,
but the foreigners were buyers and held it up
within fraction of its first price,
The strong point IN the list was
the Wheeling and Lake Erie preferred, which
mounted from 671s to 695s upon the announce
ment that the company's contracts for coal are
cooper cent larger than up to the same time
last year. There was a fair tone to the
market in the afternoon. but no material i'm
provement was made and the closer was dull
and steady, generally at shade under the
opening figures. The final changes show ma
jority of declines, but the only important ones
were Oregon Short Line "a. and Colorado Coal
III while Wheeling and Lake Erie preferred
rose "a.
Railroad bonds were again dull, the sales of
all issues reaching only 563, ,000. There were few
issues traded in and the final changes of i'm
portance are few in number.
The following table shows the prices of active
stocks the New York Stock Exchange yester-
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, 1890-03-01
Grain. Flour and Feed.

There were no sales on call at the Grain Ex-
change, excepting car of ungraded stock.
Receipts as bulletined, 20 cars. BY Pittsburg,
Fit. Wayne and Chicago. cars of flour, 2 of
corn, 4 of oats, of hay. l of barley BY
Pittsburg Cincinnati ana st. Louis car of
corn, l of hay, l of oats, ] of mIddlings. BY
Baltimore and Ohio. car of hay l of -four By
Pittsburg and Lake Erie. cars of flour, l of
oats, of straw, l of hay. By Pittsburg and
Western, cars OF hay 2 of corn. Receipts be-
ing on the decline for few days past, dealers
hope for stronger markets. So far quietness
reigns and the situation is altogether in favor
of the buyer.
Prices below are for carload lots on track
WHEAT-New No red, o2QS3c; No. g. 100
SOC.
CoRN-No. yellow. ear. new, 35@36c; high
mixed new, 3311(l3415c; No. 2 yellow shelled
old. S61a@37c: new. Sa934c. Rejected shelled
OATs-No white. 27<@2sc; extra, No. 8, q
@27llc; mixed. 2415@25hc.
RYE-No. Pennsylvania and Ohio, 53@54c;
No Western, 5l@52c.
FLoUR-JoDbing prices-Fancy winter and
spring patents 81 1895 25: winter straight,
81 5V@4 70; clear winter, 81 00@4 25: straight
xxx bakers. 81 00Q4 25. Rye -four, So 25@
) So
Observation-Disclosures fine white. SIS 500
16 90 y ton; brown middlings, sl2 0O@14 00:
winter wheat bran, sl2 50@l2 70: chop feed,
SIS 50@16 o.
HAY-Baled timothy, No. !, sl1 O0@1l 50; No.
according to quality; No. 2 prairie hay 81 OO@
8 90: packing do, So 5O@6 75.
sTRAw-Oat. So 1907 90; wheat and rye
straw S6 0O6l8 25
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
BEARS in CLOVER.
They Continue TO Hammer Local Securities
With Marked EG.cf.

When anything is down everybody wants to
give it a kick. Sometimes there are tumbles
without reason. This seems to be the case with
local securities. OF course there are alleged
reasons, but none of them affect conditions.
All the properties are on as solid a foundation
as ever, and are either earning dividends or are
in a tair way to do SO. The weakness displayed
for two or three days must, therefore, be cred
itcd to the exigencies of speculation-a natural
desire on the part of buyers to get stuff as
cheaply as possible. Viewed in this light
holders have no cause for alarm. The bears
will wear themselves out before long. The best
stayer will be the winner.
Continued depression in the actual list was
the feature of the market yesterday. Booms
were all the wrong way. Orders called for lower
prices and some of the timorous holders Welded
to the pressure. All the sales were at fractional
concessions Street railways were the weakest
spots, Investors think it impossible for all Of
them to earn dividends. Pleasant Valley
opened at 245s. The last sale was 2455s, closing
at 24L bid. Central Traction was weak from
the start 1t opened at 303z anG closed at BOZ.
Pittsburg Traction also lost ground. Citizens
was weak and neglected.
Philadelphia Gas was the strongest in that
class of stocks except CHARTERS, which scored
an advance, but it lost fraction. 1t rallied
little late in the day and closed about steady
with moderate offers Luster, Switch and
Electric were in light demand at Slight conces-
sions The close was, with few exceptions, at
the lowest prices of the day. Sales were GOV
shares.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
BUSINESS NOTES.

THIRTY-THREE mortgages were recorded
yesterday. The largest was for IS, 500.
BUILDING operations are crippled by bad
roads. 1t is impossible to move supplies by
wagon.
THE highest price ever paid for bank stock
in Pittsburg was s525 for Farmers Deposit
National at a recent auction sale.
STOCKHOLDERS of the Suspension Bridge
Company will hold meeting next Monday for
the election of officers and directors.
THE Keystone Bridge Works shipped yester-
day the first half mile of the iron work for the
elevated railway in Chicago. The contract calls
for 81 miles.
MEssRs. RITTER & CoNLEY are engaged in
the construction of several oil tanks which
have been ordered by an oil company in Peru,
South America. The tank sheets will be
punched and curved here and men will be sent
TO South America to erect them.
THE School Board of Sterrett township has
awarded the contract for the schoolhouse to be
erected in Brushton to the firm of l. A. Rails
ing & Co., Williamsburg. 1t is TO be located on
Brushton avenue and will be a one-story frame
structure containing four rooms. Work will
be commenced In few days.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
DEALS SHIFTED.
A Quiet Day in Oil for the Close of the
Month.


The oil market was weak and inactive yester-
day for the last day of the month, when there
is usually more or less squeezing. There was
none yesterday. The principal bearish in
fuences were field developments, and friction
between producers and grangers. the COM
modify hugged the dollar mark all day, but did
not rise above it.
Nearly all the trading was in the way of shift
ing deals from February to April. Cash was
offered at about e below regular. and there
was some switching on this basis. The change
was effected without trouble. and the market
gently swung into the April groove. Proceed
ings were lively at times, but there was no ex-
citement, and both sides appeared to be salts
fed with the situation.
The range, was: Opening, 9S3s; highest, s91s;
lowest and closing, 9S14. Thursdays clearances
were 10000 barrels. An experienced broker
said he looked for a reaction next week.
The Ivory farm well on the Perrysville road
is flowing steadily at the rate of $50 barrels a
day. 1t is clear amber oil, on which there is
premium of % cents.
The Harton, Crary & Co. gusher. in the Shelf
field district, is flowing at the rate of about
drilling wells and rigs in this field, with daily
production of $500 from those completed.
A lO0. barreler has been brought in for Rey-
nolds q Galbraith, on the Heron farm, in the
Turkeyfoos district Finegan & Co.'s No. I3
on the Patterson farm. is through the sand and
shows for 30 barrels day: The wildcat on the
ron farm, has come in dry.
Three wells on the Ferguson farm, in the
Shannopin, have been drilled deeper and
greatly increased their flow bv striking an
other sand. They are Mechling & Co.'s No. 8,
Finegan Co.'s No. and Grace, Jennings &
Co.'S No. 8, all now doing about 500 barrels a
day each.
Forss & Co.'s No. 4, on the Irvine farm in the
Myoma district of the Butler field, struck the
pay streak at 25 feet in the sand, and is flowing
15 barrels an hour. The Kanawha Oil Com:
panys Young farm well is producing $50 bar
rels day, while the Lockwood gusher made
700 barrels in "a hours.
The McCalmont Oil Companys No. g. on the
Ingram farm, in the Mt. Norris field, is good
for so barrels.
The Clayville Heat and Light Company have
sold tner remaining half interest in the Carson
farm near Clayville. to the Union Oil Com
pany. The price paid for the lease is reported
at $1,000
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
Wool Market.

BosToN-The market has been very quiet
for wool, and the sales were only L659 400
pounds of all kinds. Prices remain the same
though large lines can only be moved at conces-
SONS. The trade of the week has been in small
lots and buvers do not take hold beyond
have been sales of X at 3l@3l15c. XX and Xxx
and above at 39934c and No. l at &c. Michigan
X fieeces have been selling at 2S15@29c, and
New York Y at the inside price. No. comb
ing woods were steady at 3S@D40c. Ohio fine de-
laine has been selling at 35c and Michigan at
SIC. Territory woods have been more quiet,
and the sales are in small lots and mostly on a
basis of 56@5Sc for fine 53@55c for fine medium,
5O652c for medium. California wool is slow. In
Oregon wool there have been sales of best
Eastern at 1SGl9c, down to Ec. Texas wool
has been quiet. Pulled wonls remain duh and
weak, with sales ot supers at 30@35o principal
ly, and extra at 22@2Sc Foreign woods are
quiet but firm, with Australian well sold up.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
A RESERVOIR OF OIL.
Parkersburg People Excited Over Find of
the Oien ginous Fluid.

rpEcIAL TELEGRAM TO THE DrspArca.t
PARKEKsBURG. February 8-When Tooth
man, who lives on Wortnington creek, got up
yesterday morning, he found that large Sec
ton of the hillside near his house had de-
scended into the bed of the creek during the
night, and ripping down among the rocks and
settling earth he found a stream, not of water,
but of oil. The news quickly spread among
the dr1llers and well owners in the vicinity,
oil flowed all day yesterday and is still flowing
to-day in an undimihished stream, indicating a
large natural reservoir of oil beneath the sur
face.
The excitement is great and very large offers
have been made for the farm upon which the
phenomenon occurred. The oil is of very
heavy grade, having value in excess of cur
rent prices.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01

shoulders. nc; sugar-cured California hams.
61%c;sugar-cured dried beef fats &c; sugar-cured
dried beef SETS 10c; sugar-cured dried beef
rounds. l2c: bacon, shoulders. SIC; bacon, clear
sides, TIC; bacon. clear bellies, TIC: dry salt
pork, heavy, sl1 90; mess pork. family. sl2 90
1ard-Refned. IN tierces SIC; balf-barrels. &c;
Cob tubs, &C., 20 n pals, &c; 80 tin cans. S4e;
pals. &c; n tin pals. &c. Smoked sausage,
long, &c; large, &C. Fresh pork links, &c. Bone
less hams, 1O115c Pigs feet half-barrels. 81 90;
quarter-barrel So l5
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01

UumistakabIe DuIlncss ut Cincinnati.
fsPFcIkI TEL FcpANr IN TILE n,nn--

CINCINNATI. February 2S.-Rogers, Brown
Co. say: Unmistakable dulness has ruled
the week past. Consumers believe that the
tendency of the market is in their favor and
place no orders except for small lots to supply
immediate needs. Furnaces, on the other
hand, feel firm and independent, having all
they can do to take care of contracts on their
books and not feeling much the need of new
business. Dealers recognize that nothing is
gained by attempting to push sales, and the
situation is therefore a stand-off. 1t IS an.
parent that there must be liberal buying before
long. as stocks are running low with many
large foundries and mills
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
Buying in Small Lots ONLY,

ESPECIAL TELEGRAM TO THE DIsPArcH.l
CHICAGO, February 2S.-Eogers, Brown &
Co say: Carload business is still the order Tho
demand is mostly fer softeners. and that in
small lots. Further cases Of resales of iron bv
consumers are reported. Beyond this no iron
is reported as being offered. except direct from
the furnaces. The talk of building new fur
naces or starting old ones here and there
renders buyers timid. 1t is not believed that
tie actual outpu: of iron is increasing. nor is it
thought that actual consumption is diminish
ing. There is not much forcing of sales, but a
disposition on all sides to wait listle and let
the situation adjust itself.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
IRON TRADE REVIEW.
Quite a Little Drop in the Mill and
Bessemer Products.
a STRONGER FEELING Expected.
Unmistakable Dizziness Has Ruled the Mar
kets in the West.
ONLY SMALL ORDERS ARE RECEIVED
/ STRONGER FEELING EXPECTED.
ONLY SMALL ORDERS ARE RECEIVED
OFFICE OF PITTsBURG DISPATCH, [
FRIDAY, February IS, 1890.

FRIDAY, FEBRUARY .. lSSu J
The ouietness of the past 60 days has cul-
minated IN a drop on mill and Bessemer
irons. The latter are off 81 per ton the past
week. and the former not less than SOC per
ton. The total decline on mill irons from
The highest point reached in the latter part
of November has been 81 per ton, and on
BeSsemer iron from So to S. per ton. There
are rumored shadings on Bessemer irons this
week at S21 so per ton, and on mill irons at
S17 so. Transactions are still very light,
and makers OF standard brands are un-
willing to make concessions, be-
heving that the present depression
is due to speculative influences, and that
1t will not permanently affect the regular trade.
The cost of materials which go to the making
of mill iron are from IS to sS 50 per ton more
than the cost last summer. when markets were
at their lowest. Then the market rate was Sli
per ton so that now at Sl7 90 per ton there is no
more profit TO the furnacemen than when mar
kets were down to hard pan. The present de-
preston is. no doubt largely due TO specula-
tion.
Spectators who bought on the boom have, of
late, been showing stock onto the markets, ana
it is by them that the concessions are
being made, and not by makers OF
standard brands of iron. 1t is generally
InOught that the unloading process Will soon
come to an END. The boom of last fall sent
things kit1ng little too fast. and the move
inert upward having come under speculative
influences was 700 rapid for healthy trade
Hence. the present lull and reaction, which is
no doubt temporary. There is little doubt that
q good year is ahead In all iron and steel prod
ucts- Makers of all standard brands are nrm
in the faith of prosperous year before US.
Manufactured iron and nails are not mate
rally changed since our last report, but trade
is quiet. Steel rails also stand the same, with
orders ahead sufficient to take the product
until summer.
Following are the prices prevailing the week
past:
Following are latest quotations as furnished
nv leading Onpra TORS IN iron and steel.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-03-01
FOUND DEAD ON THE STREET.
A Mystery as to Whether 1t Was Murder
or Suicide.


WEST PLAINS, Mo-. February 2s.--The
dead body of Samuel H. Reynolds, of
Springfield, No., was found on the street
here yesterday by Mayor Halstead. The
deceased was of the firm of Reynolds, Lippin
Sc Marlborough, nursery men. of Springfield.
The body was lying in natural position.
By its side was an empty card case belong
ing to the deceased. The watch and chain
were missing from his pocket. In his trunk,
which was afterward examined, were found y
gold watch and chain.
There were no marks Of violence on the
body and it is not known whether murder
was committed, his death the result of suicide
or due to a natural cause.