davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Financial Notes

1t was intimated to-day in pretty good
quarter that some pretty good blocks of
street railway bonds were likely to come on
the market pretty soon. 1t is possible that
some of the banks are about to take the
selling side, having fair profit in sight.
Unlisted street railway securities closed
as follows: Duquesne traction, 21s6@21sl: P,
A. & NJ. traction. 44@44334; p. & b. traction.
eSM@.4115; Pleasant Valley Railway IS, 1927
bid.
The Anchor Savings Bank has declared an
annual dividend OF 6 per cent. being an in
crease OF per. cent over the rate paid last
year. The surplus fund now amounts to
S24, 600.
1t is said that McKeesport is to have a
new bank, to be known as the Second Ma
tional.
According to current reports the factories
of the United States Glass Company are
pretty well employed. ALI their factories in
this city, as well as those of Tarentln and
Greensburg, are in full blast. The new .ac-
tory at Gas City, ind, upon which they are
no" working, will have three l6-pot fur.
naces, instead Of l5-pot, as before reported.
The company will start factory "T,' their
new acquisition ut + ostoria, O., at once on
Westinghouse Electric second preferred
closed at 59h asked. The previous close
was 395l askeu instead of bid, as reported.
Regarding the next dividend to be de-
clared by the road, President Roberts says:
'It is not our practice to discuss these
things in advance OF the directors
meeting, and the gossip which has
been going around is not based ut all on
reliable Information. Shall we divide our
500 900 900 surplus? weII,"w O slight smile,
Il should think not. A part. perhaps, but l
cannot say so authoritatively. The stock
holders will settle that among themselves
and TO their own satisfaction" As to the re.
port that changes in the Pennsylvania 8
management were contemplated, he says:
There is no truth in 1t. Even ii there was
/ would not discuss it. There was never d
time in the history of the road when things
were going smoother"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
WHEAT FINALLY RALLIES
After Having Touched the Lowest Point
Reached in Five Years-Corn and Oats
Generally Easy and Provisions Make

| After Having Touched the Lowest Poin1
Reached in Five Years-Corn and Oats
Generally Easy and Provisions Make
Substantial Gains.
CHICAGO, Oct 29.-Wheat rallied at last
to-day. but only. after having touched the
lowest point reached in five yerR. Heavy
exports acting as q warning signal to shorts
produced the upward change. On the final
break the price went 10 under 72c bushel
for December delivery, drop of 1sssc in an
hour. Compared with yesterdays closing
figures wheat tonight shows Il to 20 gain,
while corn is off 1s@Hc Provisions
generally exhibit substantial advance,
particularly October ribs.
Wheat Tor time seemed utterly demoral-
lied. Cables were generally lower, the re-
ceipts heavy everywhere and holders were
discouraged, with general liquidation the
rule. Numerous stoploss orders became
operative, and country seller orders were
numerous. Pardr1dge sold May vigorously,
and the crowd was generally.on the selling
side. During the first hour it looked almost
frlendless, and tho market made the lowest
demand began to improve, and shorts COW
cred quito generously. About the same
time. too, the news began to take on n more
es" Soa aspect New York .;. reported
for export, 500. 900 bushels of Kansas wheat
! was said to have been sold at Kansas City
Tor exnCrt by the way Of New Orleans, and
1,500, COO bushels more was said to be under
contract to go out as soon as transporta-
tion could be secured.
Brddstrcet's also reported the exports from
the coasts for the week at 4,07S,0OO bushels,
against 9, ,270. 900 bushels the week previous.
Cash quotations were as follows: Flour
dull and unchanged; No. . snring wheat.
69Ac; No spring wheat, 5s@621zc; No. 2
yoh Nh M
esc: No. white. +. o. b.84]11@B5c; No. white.
310s2kc. No rye. 4shc: No. barley.
Csc; No. 8, /. o. b., 4l066c: No. T. +. O. b.. $50
6Oc. No. flaxseed, 81 w. Prime timothy
seed; 81 61 Mess pork, per Dbl, sl1 s71S
sides. Qoose). 81 s6@l1 75. Dry salted
shoulders. fboxed), 81 45@7 50. Short clear
sides, (bo1ed), IS 70@s 75 Whisky dis
tillers' finished goods, per gal, 81 IL.
sngars-Cut loaf unchanged; No. corn,
39%c.
Range of the leading futures, furnished by John
N. Oakley Co., bankers and brokers. No. 45
Sixth
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

Consolidation of posts is now the topic of
much discussion among the local comrades.
The time is not very far distant when it will
be necessary for great many of the weaker
posts to surrender their charters and for the
members to go into a larger post. Even now
cases are cited where it would be wise for
certain small posts to join issues with
stronger one. 1t is held that small posts in
which it is difficult to get quorum, and in
which the interest lags, are a drawback to
the organization instead OF being n help.
Then ir is held that questions of finance
should dictate a consolidation.
One comrade is in favor OF ell the posts in
the city combining and forming. one big
post, and he thinks it would bs q good
thing also for the three Allegheny posts to
unite as one organization. The advan tages
and disadvantages of such q move are
fruitful subjects for debate.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

on Virginia avenue and extending through
$50 feet to Sheridan avenue. being lot No. &c
in Rohrkaste's plan, Tenth ward, ALLIE
gheny, for $625.
D. Behen & Son sold to L. Altenbaugh, Jr.,
for P. NJ. Cushing and wiie a .neat three
room house and a lot 20xl20 feet ON Ella
street, Sixteenth ward, for 800.
A. j. Pentecost sold lot No. /, in his plan,
on Marshall avenue, Allegheny, to John
Erhenshmid, for $3.50.
Il. S. Hays sold to Mrs. C. Hill q lot on
Maple avenue; Twelfth ward Allegheny, 7o1
Samuel W. Black & Co. sold lot No 10. 5ox
1l5 ieet on the west side of Winterton street,
! in their Highland Park plan. to E. Kerr, for
s., ,OOO Also sold lot, Axl2O feet, on Eliza
beth street, Hazelwood, Twenty.thiro ward,
Messrs. Piper Clark sold for W. H. WILL
Jams to Mr.. Frazier, two lots, Nos. Is and "a,
in the Williams plan. Nineteenth ward. each
fronting 40 feet on Chislett street by 100 feet
in depth, Tor 81
Charles F. and George T. Goettman. the
well-known restaurateurs. to-day purchased
~ acres of land situated in Brushton, from
mellon Brothers, for $i5, 5,O00.
The Burrell and Kensington Improvement
companies report the following sale of lots
at KensinEton: Enos S. Bartholomew. Coal
port, Pa. lot 359, block %, for 81, los; Mrs.
Marsarst Casey. Pittsburg, lot 49,. bloc es
Pagot, Bennett STATION. Pa, lots S6S and S69'
block %, for 1888 70; Michael Hlnvac, New
Kensington, Pa, west half OF lot %, block IL,
lOf 500: AMANDA turner, new h6n6lnytOn,
lot 500, block as, for $375 cash; John c. christ.
man. New Kensington. lot 6s. block s. for
SS9s 50: William w. Barton, New Kensing-
ton. south feet of lot sc, and north Is feet of
lot IS, block 4, for 1887 80; Mrs. Eva r. Miller,
Pittsburg, lot ITO. block s. for s7s7 so; John
aIcGovern, New Kensington. lot 1873. block
2S, for $IG7 30 cash: J. NJ. Kritschgan, Brady's
Bend. lot 377, block 25. for 81, lO5: Ephram F.
Camp, Tarentum. lot III, block %. for $646 rs
cash.
The Weeks Record.
The record for the week shows a large in
crease in real estate transfers, both in num-
ber and amount of money involved. An in
CT ease is also shown in the number OF build.
ing permits issued, but the estimated cost
decreased somewhat. Mortgages and pur-
chase.money mortgages increased consid-
erably both in number and amount of
money represented. b. Il L. A. mortgages
increased in number but decreased in value.
Mortgage payments head tho previous week
both IN number and amount OF money in
volved. Judgments increased in the num-
Der entered, bnt show a falling off in money
value. and executions decreased in each
respect. Details follow:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Specials From Wall Street,

j. S. Bache & Co to Oakley & Co.: "Our
market opened lower with sharp decline
in d. c. F., but rallied on the bank state.
ment showing an increase of one
and one-half millions in surplus reserve and
closed at the highest prices of the session.
The fire in Milwaukee was used by the
traders to depress values, but had less eff
feet than we should have expected OF it. 1t
will probably be found when the full details
are known that the losses are less than the
figure st which they are now placed, and as
q depressing influence it need hardly be
reckoned upon.
"The decline in d. c. F. was
accompanied by renewed rumors that men,
bers of the pool had sold out on their COL
leagues, but the sharp rally late in the ses.
sion has given the bulls renewed confidence
and higher prices for it are again talked of.
"The principal advances to-day are almost
entirely in the lower-priced iancies, and the
general list closes no higher than last night.
except in very few instances; hence we do
not believe that we have seen the lowest
prices OF this movement, and advise our
friends to hold of before making purchases.
at best, the situation is somewhat in
volved for the present rs the prospects of
the election are daily becoming less easy to
judge, and much liquidation is probable be-
tween this and election day by timld traders
who dread depression in values If there
should be a change in the administration.
We prefer to advise our clients to go slow
nn5ll sIon politics are removed from the situa'
From Sproul & Co.'S market letter: 1.-THE
Reading statement for September was a
good one. The gain in net for the month
was SS5.000 against a decrease OF $40, 900 in
gross. while for 10 months of the fiscal year
the companies are over s., 600, 900 better off
as respects net earnings than they were a
year ago. The prevalent duIlneSs, however,
prevented this from having much effect.
New England was quiet but steady, and q
little boom was started in New York and
Northern pre- eierred on the theory that the
road would he benefited by the deal. A rise
in Ontario completed the bullish features.
the real interest of the half holiday market
being supplied by Iurther evidences of
weakness in whisky and similar tendencies
in Sugar and Chicago Gas.
"The bank statement was favorable, an
increase of 81, 500, ,000 in the surplus bearing
out the idea that money is moving in this
direction. A steadier tone without much
positive improvement marked the close,
though apart from the increase of the short
interest there is little to justify buIlish
feeling about next weeks market"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Union Veteran Legion.

AT its last meeting No. mustered in two
new recruits.
No. 6 will Mt its next meeting q K an even.
ing for first-class musical and literary en-
tertainment.
CoMRADE JAMES TAYLOR, OF No. 6. and a
resident of Bellevue, has gone to the Dayton
Soldiers Home.
TIE following list OF lucky applicants for
pension are reported by j. H. Stevenson s.
Co. for last week: Josephine Lemon. Pitts
burg; Mary Hogan. Pittsburg; Annie n.
Tyler, New Castle, Pa; Katherine Miller,
Plttsburg, Pa; Rachel cox, Pi:tsburg: Cath
crime Winterhausen, Allegheny, Pa; Mary
Jane Russell, Beaver falls: Thomas Lang
fert, Mansfield, Pa; Jacob j. So!es. Turtle
Creek, Pa; John D. Morrison, FinleyvilTe;
Joseph Harvester, Pittsburg: Harrison Mil
ler, Pittsburg; e. B. White. Pirtsburg: Lor-
enza Shrimp, Pittsburg; Charles j. Lewis,
Allegheny; Andrew. Bell, Rural Ridge, G.
chndrsn q u Il. Z Amend; john Nisktengsis,
Allegheny.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Foreign Financial.

LONDON, Oct, 29.-Amount of bullion with.
drawn from the Bank of England on bal.
ance to -dav, E6 00U
PARIS, Oct. a9.-Three per cent rentes 9ss,
9215 centimes tor the account.
LONDON. Oct. 29-2 P. M.-Close-Consols
for money. 9Sa4: do for the account,
9Ss1; New York, Pennsylvania and Ohio
tir-ts. 90; Canadian Pacific, ss1s;, Erie.
2115; do seconds, 1093z; ILLINOIS Central, 102sz:
Mexican ordinary. 223s; St Paul common,
sIM: New York Central, llS11: Pennsylvania,
81: Reading 309; Mexican Central, new As.
~. Bar silver. 80 l-l6d. Money. l@lL per
cent. Rate OF discount in the open market
for short bills. 2k@sA per cent; three
months bills, 213@sA.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

In reviewing the stock market and
monetary situation, Henry Clews & Co.
say: The hardening tendency of the
money markets here and in Europe
naturally hold. speculative trans
actions in check, the more so as the drift
has run farther than has been generally ex-
pected. We have been assured by Chic ago
banking authorities that that money center
has so far gained control of interior finances
that the great grain States would no longer
be dependent on New York funds for mov-
ing the crops. Some people believed
this boast, and are consequently
taken by surprise at the present
condition of our banks; but the fact has been
that, since the end of July, the surplus re-
serves of the Clearing House banks have
fallen from S24, ,0OO, 600 to zero, and that $780,
600, 600 of money has been sent from New
York to the interior. This is a change so
sweeping and SO unexpected that it neces-
sarily becomes a serious element IN Wall
street operations, as its effects are apparent
in stringency and unusually high rates for
loans and discounts. 1t must
be remem bered, however, that we are now
the money market is usually at its maxi
mum. The Western demand for currency
may be expected to decline from this time
forward, and i'll another month we shall
probably see the reserves steadily re-
covering
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Week end'gl Week end'g
Oct. %. Oct. %.
ITEMS.
STOCKS CLOSE STRONG
Mainly Because of a Better Bank Statement
Than Expected-Grangersa and Some of
the Specialties Rally Sharply-Manhat-

Mainly Because of a Better Bank Statement
Than Expected Changers and Some of
the Specialties Rally Sharply-Manhat-
tan Firm.
NEW YORK, Oct. ss.-The opening of the
stock market this morning was awaited
with no little anxiety by the bulls as it was
feared that the great fire in Milwaukee
would have a bear influence on prices. The
unexpected, however, happened again and
outside Of st. Paul, which fell of "a to 70
on a report that the company had sustained
damages by the fire, the market was toler-
ably steady, while New England was excep-
tionally strong. 1t was subsequently stated
by Vice President Bond, of the st. Paul
road. that his company had not lost dollar,
as its property Is not situated in the
burnt district. After the opening Distilling
and Cattle Feeding was subjected to a severe
raid and there was a break from 81 to 615I.
The old reports about fresh issue of STOCK
again denied. One per cent was bid for the
next quarterly dividend. 1t was noticed
that the demand for the stock i'll the loan
crowd was decidedly better than for some
days past. which indicates an oversold con-
Gition of the market. Chicago Gas was also
hammered down from 931s to 9,L. The gen.
eral list weakened sympatneticaIiy.
conspicuous feature of the late trading
was the activity IN the specialties. New
York and Northern preferred was the first
TO start, and, on large transactions tor that
stock, advanced from 2013 to 23H- The rise
was atsribu ted to statements that tine road
will be taken into the latest Reading deal,
because OF its connection at Brewsters in
this State with the New York and New
England. Manhattan was frmer at l34. 1t is
stated that Mr.. William C. Whitney. who is
also largely interested in the New York and
Northern and Metropolitan traction com.
panies, will be given place in
the Manhattan directory at the an
nual election on November 9.
Ontario and Western rose from 10 to 20% on
vague rumors that the Vanderbilts had ac-
quired block of the stock. New York, Sus-
Quehanna and Western common moved ND
10 1895, and the preferred jumped from 6815
to IL 1t is currently reported that this roau
is also to figure shortly in an important rail-
road deal. General Electric advanced to
ll5za. The market closed strong.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
W. R. G. No. 2e,s Entertainment.

The literary and dramatic entertainment
to be given under the auspices of Colonel
William H. Moody, W. R. C. No. %, in Grand
Army Hall, Grandview avenue, Thirty.
second ward, Thursday and Friday even
ings, will likely be an excellent one. The
drama "Ren Bolt" will be produced with a
good cast of local talent, led by Comrade c.
R. Shepler in the title role. Those who will
participate are Mrs. Dr.. Simpson, Miss Edith
Smithson, Miss Julia Gardner, Miss Alice
Kober and Mr.. George W. johnson and his
jubilee singers. All will be under the man.
agement of MIR. j. c. Kober.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Government bonds closed as follows.
lining shares closed as follows:

The total sales of stocks to-day we're 164, 600
shares, including Atcnison, 900: Burling-
ton and Quincy $500: Chicago Gas. Il, COO;
Distilers, 47,SCO; New England, 1850: on
tario and Western. l6 200; Reading, 6.40O: st.
Paul, 1000.
The following table shows the prices of active
stocks on the New York Stock Exchange. corrected
daily for THE PITTsBuRG DISPATCH by Whitney
& stephenson, o dest Pittsburg mbers of New
York Stock Exchange, 81 Fourth avenues:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
The Oil Market,

Range Of the November option: Opening.
5o1Sc;. highest, 601ac; lowest, t01sc; closing.
b0%c.
Refined oil-New York, &c; London, 45<0
4Hd; Antwerp. lShk ,
NEW YoRK, Oct. ea-Petroleum opened
quiet and continued 30 throughout the ses-
sion. Pennsylvania oil, spot sales, none:
November option. sales, 1000 barrels at 5015c.
Lima oil, sales none; l7c bid.
OH CrrY. Oct. Sensational Transit Certif.
oates opened At 603fc, highest, 603{ci lowest
1910, closed, 6o9<c, sales 1000 bAffelsi clear.
ances, lM.ooo b6rTelA
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Post Nominations.

Nominations for post officers will be in
order the last two weeks in November. The
different posts are now looking around for
good material, which will not be found
lacking in any quarter The elections in
several posts promise to be lively as usual.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
MONETARY.

Rates for money in Pittsbufs were quoted
steady to firm ALL week at 50e per cent. with
the market fairly active on mercantile and
manufacturing account Eastern exchange
and currency generally traded even, but
the former medium was in active demand
and a times quite scarce.
NEW York. Oct 29.-Money on call easv
at 21S@5 per cent: last loan IN closed offered
at2H per cent. Prime mercantile paper,62@
per cent. Sterlin. exchange quiet at 81 81
for G0-day bankers bills and 81 s51 for de-
mand.
Clearing House Figures.
Pittsburg-
Exchanges to-day e. 406 500 IS
balances To-day. y...................... oos 4sl 81
same day last week:
E1cnanRcs. ................. Is, - ~ o.
4~asoot Oh
The returns of the past two weeks compare
as follows:
Lxcnanges this week ............. VIZ sSS @ 61s ~ ~
RacbsnSes s1s 1sss week g s si q
Balances last week Is days) $50. 1888 2i
For the week of 1891 corresponding with
this week the exchanges were s136ee, ,3l5 81.
same time last year, s563, 54s, I9S 81; gain this
year, S66, 554 9l2 IS.
NEW YORK. Oct. ss-Clearings. $685. ess,-
Clearings, $3.50. 23s, liz; balances. s36 3l9. .S5o
BosToN. Oct. 29 29-Clearinps. $l7.52l.764: bal
ances, 81 S39,350 Money. 1895 per cent. Ex-
change ON New York. 17@iSc discount. For
the week-Clearings, $40, ,52I. O5O: balances,
Sll, 1914 $50. For the same time last year
Clearings. s96.4ls. 333; balances, $ll54, ,44o.
PHILADELPHIA, Oct. 29.-Bank clearings to-
day were SIS 24S, $50; balances 81. .43S, ,35A. For
the week-Clearings. $50. .s62, ,56l: balances,
$ll. COS. .663. Money ~ per cent.
BALTIMORE, Oct. .9.-Clearings, 2,0s7, ,427:
balances, $500, 1876. Rate, 6 per cent
CHICAGO Oct. 29.-Bank clearings to-day,
So sos 943; for the week. $50, ,075, sos: for the
corresponding week last year, $50, ,692, 167.
New York exchange quiet but firm at l5c
premium. Sterling EXCHANGE very slow:
6Cdny bills, 81 S3: demand. s. Sc.
MEMPHIS. Oct. 29-Clearings, $474, ,855: bal
ances, S766s7. New York exchange selling
at par
ST. LOUIS, Oct. 2a-Clearings to-day, $780,
272: balances, $43l, ,063: clearings this week,
SOS, ,236, 256; balances, So. .460.275.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Growth of Our National Banks.

The following table, furnished by r. j.
Stoney, Jr.. shows the growth of Pittsburg
National banks during the past % years:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
ARTICLES

Car receipts for to-day-Wheat. 3s9; corn. 44e:
oats. 185. Estimates for to-morrow-Wheat 4S5;
corn, $50; oats, 235.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

In the last ten years the earnings of the
banks ranged from per cent TO AZ per cent,
and during the same period the gain in sur
plus and undivided profits has run I'D as
hiS b as l60 per cent.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

The last call CT local securities of the week
was unmarked by anything o: moment
save further weakness in Duquesne and r.
& B. fractions. the sales were as follows:
20 shares Duquesne traction. .. TX
~ shares Duquesne traction. ............... 27M
10 shares Union Switch and Signal. ........ l9S
5shares Pleasant Valley Rallway......... 25H
Total rales, IS shares. Closing bids and
offers:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

SiOh -Carter's Little Liver Pills.
BIN hIADAOhI- -Carter's Little Liver Pill3.
SiSA nHADaNfE~ Carter's Little Liver Pills.
sACA Carter's Little Liver PnLs.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
MONEY AND STOCKS.
Funds Returning From the Interior
to the Metropolis.
LOCAL SECURITIES CLOSE DULL
A Week of Weakness in Airbrake and tho
Street Railways
FINANCIAL NEWS FROM ALL POINTS
SATURDAY, Oct, g.

SATURDAY, Oct %.
The New York bank statement, issued to-
day, was a favorable one, showing an in
crease in reserves of more than q million
and half of dollars and indicating that the
return flow of money to the metropolis has
already set in. Compared with the state
ment of a week ago the following changes
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

When Baby was sick, we gave her Castor.a
When she was Child, she cried for Castoria
When she became Miss, she clung to CastoriA
When sho had Children, she gave them Cassor:a
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30
Having Doubts About Religion.

Another lie is this: That it is a fine
thing for young man to have his doubts
about religion. Let US try to bury that. 1
must confess that one of the most encour-
aging things in the world is doubt-if it is
the right kind of doubt. 1t is significant
that the Age of Faith for whose return
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-30

For the week of 1891 corresponding with
this week the exchanges were s13. .622. 3l5 81.
Total exchanges to date. 1892 $3.50, 1873 036 30;
same time last year, $685. 54S, l93 81; gain this
year, S66, 534, 9l2 IS.