Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-10
Financial Notes.

Office business was not active to-day but
there was something done in Phillie, Pleas.
| ant Valley, Duquesne, Switch and Signal and
| Duquesne bonds eat about the market"
George 1. Whitney, of Whitney & Stephen
son, and W. T. Wallace, of R. Patrick & Co.,
have made application for membership i'll
the Exchange.
1t is whispered on Fourth avenue that Mr..
T. II. Given, cashier OF the Farmers Deposit
| National Bank. is slated to succeed the late
| Joseph Walton as president of the bank.
The imports of drvgoods at the mort of
New York for the week were s., ,636 1872, and
the amount marketed, $2,455,t22. The i'm
| ports Exclusive OF specie) were $l2, l04 $50,
| OF which SO 46S 56S were general merchandise
and 81 6S4. l62 drygoods.
The Treasury Department TO-DAY pur-
chased 400, 900 ounces of silver at $0S4O5@
| $40.
| don of an immediate collapse in silver val
| ues appear to have vanished. Silver securi-
| ties have strengthened during the last two
days, rupee paper closing yesterday q bet
| ter on the day; it has again risen q to-day.
1t is predicted that the failure of the In nter-
national Monetary Conference will have no
effect on the London Stock Exchange. Most
| of the securities held in London are gold
| obligations. and it is reasoned that the
more silver falls in value the more people
there will be to invest in gold securities.
| An increased supply OF commercial bills
| will prevent shipments of gold by Satur-
| days European steamers. Firms who gen.
erally export gold say they will not send
| any, but may possibly ship some by the Ger
man steamer on Tuesday next
Three stock calls without a transaction
| beats the record this year.
it is said that the Sc advance nn the daily
output OF the Whisky Trust, 240 600 gallons,
means an increase in net earnings OF $l2, 600
daily. This for 800 working days in the year
| would indicate AN increase in the YEARLY
earnings OF S36o0,0O0 equivalent TO q divi-
dend of 10 per cent on the total amount of
| DistillerS' certificates outstandinE. This is
in addition to present earnings, which are at
! the rate of to 10 per cent on the stock.
| From Sproul & Co.'s market letter: What
| activity was shown in tho general market
! seemed due almost entirely to professional
! speculation, the bears being the power
which caused the advance in values. They
| have been attacking prices whenever the
proceedings look dull or heavy, but for
| some time past have only succeeded in los
| ing their own stock and putting prices to q
| higher level when they endeavored to re-
| trieve their position.
From j. S. Bache & Co. to Oakley & Co.: The
| buying of Western Union puzzled the street
generally. A number of reasons were given
| for the advance: first, that the Drexel-M
| gan party were buying the stock to gain con-
troll, as it was found that Mr.. Gould owned
less than was generally believed: it was also
said that Mr.. George Gould had been in con-
terence with Mr.. J. Pierpont Morgan; it is
also true that Mr.. CamInacks lines in West
ern Union were covered, showing a big loss.
People also say that the stock will pay per
cent, though we doubt this. as the capital
WAS increased only few weeks ago. We
think that several traders have got together
and made up pool and this will probably
account for the rapid rise.
1t is gossip In Wall street that before Jan.