davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
SUGAR AGAIN ADVANCED.

Raw and Refined Elevated Another Frac-
ton in the East and Local Wholesalers
Mark Up Quotations AccordingIy-
Cheese Higher and Fancy Flour Lower.
THURSDAY, Sept 10.
The sugar market is booming. Refners
have been compelled to mark up refined in
consequence of another advance in the raw
article, and local dealers have added an
other eighth to quotations. Stocks of raw
sugars are almost exhausted, and there is
very little to be had owing to the quaran-
tine restrictions. Refners are largely over
sold and unable to make anything like
prompt deliveries. A good deal of raw
sugar is held in quarantine at Phila-
delphia and until it Is raised raw sugar
will be very scarce. Good authorities say it
would he the worse kind OF policy to admit
the sugar now in quarantine into this coun-
try, or any other merchandise of a like ma
ture that has arrived or may arrive from
plague stricken ports. They believe it should
be kept out OF the country until the cholera
has entirely died out, and then only admitted
upon demonstration that it is free from the
germs OF the terrible scourge.
Cheese was advanced this morning and
the market quoted strong at the advance
The strength of the market for New York
cheese is partly due to the fact that some of
the factories were shut down this season in
consequence OF large numDer OF farmers
forsaking the dairy business for the sheep
raising industry. Higher prices are ex-
pected.
Fancy brands of flour are now quoted the
same AS standard patents. Another peculiar
feature OF the market is that notwithstand-
ing while winter wheat is from l0c to l2c per
bushel cheaper than sprins: wheat. both
spring and winter patents are quoted alike.
No. red wheat has advanced lc per bushel
in this market, but it is still little lower
than the price paid at Toledo.
Pouches, pears and grapes were in big sup
ply to-day and prices dropped little. Ap-
pies and plums were firmly held Lemons
declined under the influence Of cooler
weather.
Timothy seed is higher in consequence of
yesterdays sharp advance in the West.
A prominent operator on the Board of
Trade offered to trade even any part of
l,000, 900 bushels OF wheat for a like quantity
of potatoes. bushel for bushel, for May de-
livery in Chicago.
OF the course of the market for seeds
Yesterdays Chicago Inter Ocean says:
Timothy seed developed increased anima-
t1on and strength and prices advanced 171ac
Tor september without q transaction until
81 S5 was reached, when five cars were Sold
and the close was at that figure. Year ad-
vanced from 81 IS to 81 rs, with sales of nine
cars, and closed at the top. The advance
was due to the improved demand for cash
little OF the new crop Is up to contract
grade and some of the offerings have been
refused, and even when arbitrated they
failed to pass. Shorts were alarmed over
the situation, and were not disposed to run
further risks. Good country lots opened ut
ut 81 u and closed at 81 80. Contract prime
of last years crops SOLD at 81 rs. and of the
crop OF 1889 at 81 70. Closing prices to-day
were the highest since 1885,"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16

had been held in anticipation Of damage
scare, was for sale in large quantities. Some
of the big bears took advantage Of the situ-
alton to raid the market
The trade in oats was light. September
ruled weaker, selling at 40 under October,
whereas It was only No under yesterday.
Provisions were tame. There was poor
support In any product except October ribs.
The pork market was raided early by Bald
win and others supposed to be in the inter-
est of Armour. Armour, Swift and Morris,
brokers, were called buyers of January pork
while selling October.
There was a fair call for vessel room and
rates held steady at 216c for wheat. and 211o
for corn TO Buffalo.
Cash quotatHns were as follows: Flour
steady ana unchanged: No. Q spring wheat,
721Sc; No. spring wheat 64@66c: No.
red, 726c. No. corn, 47c. No. Z oats. 331ac;
No. 2 white, 3f<c; No. 8 white, 32h@3Sl3c.
No. . rye, sske No, barley, s7gaSe; No No.
/ iaxseed. 81 O51k Prime timothy seed.
Lard, per 100 pounds, s. 277(@7 So short
rib sides Coose). 81 6O@7 IS: dry salted shoul-
Sboxed), IS oo@s o5. whisky, distiiiers' I'm
ished goods, per gallon, 81 ID. Sugars-Cut
loaf, 44@5ssc; granulated, 5ac; standard d,
SIC. No. corn. 46lfc.
Receipts-Flour, 5000 barrels; wheat, 1885,
ooO bushels; corn. 2A,o bushels; oats. 2a5'-
900 bushels.
Shipments Flour, $1,000 barrels; wheat.
423. 900 bushels; corn, 463, coo bushels; oats,
ls9 600 bushels; rye, 5000 bushels; barley,
81, 900 bushels.
On the Produce Exchange to-day the but
ter market was quiet and unchanged. Eggs
very firm; strictly fresh, 1s11@l9c.
Range of the leading futures, furnished by John
M Oakley Co., bankers and brokers. No. 45
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
SHORTS BUY STOCKS
And Their Operations Help Sustain .
Dropping Market.
SOME SHARES ARE ADVANCED.
Lake Shore and Delaware and Hudson
Lead In Weakness.
WHEELING AND LAKE ERIE STRONGEST

NEW YORK, Sept 16-The stock market
felt the effects of the announcement that
cholera had found lodging in the city this
morning, but while there was an immense
pressure of long stocks seeking q market in
the early dealings, the covering of shorts
by the professionals for some time stemmed
the tide and quotations were actually ad-
vancsd. The spectacle of the commission
houses selling against buying by
the professional element is one which
has not been seen often of late.
The evidence that the selling had been
overdone was conclusive, and while the
food of stocks offered on stop orders finally
oyerbore the buying and depressed prices
still further before noon, the pressure after
that time soon subsidized and rallies were the
rule. There was less excitement than yes
terday, but the early dealings after a lower
opening were marked by great feverishness
and irregularity, though the leading shares
scored advances extending to q per cent
Stocks such as Reading, Atchison, Northern
Pacific preferred and Union Pacific were
held above the opening prices, their very
strength diminishing with the width OF fluc =
tuations.
The special features of the day were Lake
Shore and Delaware and Hudson, each of
which retired per cent The covering of
shorts served to restrain the decline some
what, but there was no reaction worthy of
the name, and the whole market was weak
throughout the session. Only one excep-
ton is to be noted, the Wheeling and Lake
Erie shares showing great recuperatiye
power, and they stand alone this evening in
showing advances where declines are the
rule.
The market closed active and weak at or
near the lowest prices of the day.
Railroad bonds were duh and remained
generally weak with few changes OF note
nd IN he
Union Pacific Trust g., which furnished
S2l5, coo out of the total days business of
sl,Ol9,OO0
Government bonds were dull and steady.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
EVERYTHING SLUNIPS.
cholera News, Weak Gables and Frost Fail
ure the Depressing Factors.

Cholera News, Weak Gables and Frost Fail
ure the Depressing Factors.
CHICAGO. Sept. b-If anybody was expect.
ing panic In the wheat pit to-day the ex-
peotaton was vain. Nevertheless, cholera
chung to wheat as well as the other markets
like Veritable Sinbad, and tonight wheat.
compared with yesterdays closing prices,
Is lIsc lower, corn Kc lower and oats about
15c on. Provisions are also lower by TIC
on pork, nc to l0c on lard and from s ito l5c
on ribs. -o
the depressed feeling which was carried
New York cholera scare. weakne.s IN che
corn pit. the narrowness and dnilness oS
trade, with the absence of anythinv huIlisb
IN the way OF news, made wheat weak at the
opening. But there was no great slumn and
the TACT seemed to be that the price was
already so low that operators hesitated to
sen IL, however bearish the situation NAV
sppear, and, If they did, were disposed to
Duy it back on the first appearances of
strength. The French wheat cron was
omcially reported at 300, 900 900 bushels. or
loVo,OOo more than heretofore estimated.
ana corn was also weak and lower. SHORTLY
before the close Of the session dispatch was
received from New York that the Bohemis
hao arrived and reported 81 deaths from
choiera on board. THIS was subsequently
denied, but 1t caused a break of fully lLc
Ine market closed at about the bottom for
the day. OA
Corn was only moderately active. The
frosts that were expected and which IL was
believed would greatly INF IRE the crop, did
not appear. Hence holders got discourayed
ana sold out While there was some frnst
In the Northwest it did not apparently ex-
tend into the corn belt and was not REGARDED
10 damaging factor. and long corn. which
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
MORE ENCOURAGING.
The Demand for Pig Iron and Soft Steel Inn
proving-Lower Prices Abroad.

The Demand for Pig Iron and Soft Steel Inn
proving-Lower Prices Abroad.
NEW YORK, Sept. 15.-ISpeclaI. THE Iron
Age says: The most encouraging develop
ment OF the week is the certainty that the
demand for pig iron is such that it is making
inroads upon the stocks, and that stimuli
taneously current production is even lower
than it was at the beginning of August. The
active capacity on September represented
a weekly make of l5l.64S gross tons, against
l55, 1856 gross tons on August Soft steel is
arousing more and more interest. In the
East some large negotiations are pending,
including one Tor 10000 tons. Our Chicago
correspondent records sales of 5000 tons of
billets, sheet bars and tin plate bars.
Structural material and finished iron are
quite active in the Western markets, Chi.
cago having quickly recovered from the
signs of weakness displayed last week.
P1., iron warrants have ruled lower abroad,
Scotch selling at Ais III, and Cleveland at 4Os
on moderate volume of trading. Business
in all lines Is yet rather slow, but between
home trade purchases and shipping trade
the current production of Scotch iron seems
to be closely absorbed, while Cleveland
makes continue dull. Owing to the dull
outlook in the steel trade, however makers
are disposed to book orders for future de-
livery at lower prices. Exports last month
were $1,000 tons, a. ainst $4,000 tons in Au-
gust, 1891.
Pig tin has receded 15sal7s Cd and the
market has been slack. Tin plate has re-
manned lifeless. The only Improvement Ia
an increase in moderate purchases of ternes.
Several additional mills are stopping, but
ports In August were 1900 tons, OF which
"A. 600 tons went to America In the CORE.
sponNng month Of last year 5000 tons out OF
total OF IA 600 tons went to America.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
MISCELLANEOUS.

sEEDs-Choice recleaned Western timothy, % 90
per bushel; choice recleaned Western clover 81 90
white clover sl3 %; orchard grass 81 90; millet
BEANs-New York and Michigan pea beans. 81 o5
a. 10 per busnel; hand-picked medium, 81 95CG2 90
per bushe: Lima. 81 lD4c: PENNSYLVANIA and Ohio
beans, 81 SOL 90 per bushel.
BEEswAX-Choice yellow, 3Nl035c: dark, 25030c
HoNEY-New crop white clover, ls92Oc per
pound; buckwheat, 12G9I5c.
TALLow-COuntry, S11@4c per pound: city, 49
415c.
FEATHERs-Extraliv live geese. 5s@6Oc per pound;
No do. 4s950c; mixed. 3Odl40c.
PEANUTS-G reen, 465c per pound: do roasted
81 25t9l 40 per bushel.
CIDER-sand refined, % 5O0s rs per barrel; Penn
sylvania champagne cider. IS 25l6 80; new country
cider, n 50(96 co. crab cider, 81 j0d8 co.
PICKLES-s5 OO(18 10 per barrel
POPCoRN-4dJc per III.
HIDES-Green steer hides trimmed 70 fbs and
up, &c: green steer hides, trimmed GO to 70 lbs &c;
green steer hides trimmed undrr 90 lbs 3hc; green
COW hides. trimmed. all weights, 3Iec; green bull
hides. trimmed, all weights, 4c: green calf SKINS
No. l. SC; green calf skins. No. . &c; green steer
hides. trimm ID. side branded, &c: green cow hides
trimmed side branded, &c: green salt steers No. l.
60 lbs and up. IgIAc; green sat steers, No. l. 60
lbs and less, 4a411c: green salt cows, No. /, all
weights, 494lfc: green salt bulls No. /, all
weights, 4Ac; green salt calf, No. to Is lbs, 5l1
Csc: green salt kip, No l. J6 to rs lbs. 4G5c run
ner kip, No. l. 10 TO % lbs 304c; No. hides, I5tc
off, No. cali, &c off.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
Cotton.

NEW YORK, Sept. 15.-Cotton quiet; mid
ding uplands, 7 3l6c; middling Orleans,
9-l6c; sales, l65 bales.
GALVESTON, Sept l5.-Cotton steady; mid
ding, 7c; low middling, 6Ac: good ordinary,
&c; net and gross receipts, 6,42s bales; ex-
ports coastwise, 2,462 bales; sales, 695 bales;
stock, 9,9l8 bales.
NEW ORLEANS, LA, Sept. b-Cotton quiet;
middling, l6-l6c: low middling. 6Hc: good
ordinary, &c; net receipts, 1888 bales; gross,
SSS bales; exports to Great Britain, 6,2S2
bales: to the continent, 1,sO0 bales; sales, $50
bales; stock. SO, 961 bales
LIVERPOOL, Sept. l5.-Cotton firm: with an
active demand; middling, I'd; sales, 1900
bales, of which 1000 were for speculation
and export, and included 1890 American.
Yesterdays sales were increa sed by late bus
iness by 5000 bales American. Futures
closed easy.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
Berries, Fruits and Vegetables.

Very few berries OF any kind were on sale
to-day. Cranberries were quoted at SO OO@
0 % per bushel box, 75@76c per basket and
s5@9Jc per pail.
The supply of fruit was again large to-day
and the market somewhat easier on peaches
and pears. Quotations: Peaches, 81 5O02 25
per bushel and 50c@Sl 25 per basket, accord :
ing to size of package and quality of fruit;
pears, 1ncludin" all varieties, So 00@4 so per
barrel and 81 0091 % per half-bushel basket;
plums, Lombard, 65c per small basket
Dawson and German prune, 75c@Sl co. The
apples received to-day were choice to fancy
fruit and the range of prices was wide at
81 5OQS 90 per bbl Grapes were abundant
and easy at 3@315c per ID Tor Concords and
kindred varieties; and 5-lb baskets 1Sl20c;
10 and 15-b, 35@50c. Lemons were easier at
S5 6O@6 90 per box and bananas were very
slow at 81 0042 90 per bunch. Ounces peck
baskets. sold at soc; larger packages not
moving.
In the vegetable line onions were quoted
at So 75G3 90 per Dbl, cabbage at 50 so per
sugar bDl and 81 50@l IS per small Dbl; Gel
cry. 25@30c; carrots, 50 5O@3 90 per Dbl.
Burbank and Jersey rose potatoes were
firmly held at 90 % per bbl, Jersey sweets
were easier at s3 90 per bbI and Baltimore
do were unchanged at 81 2592 80.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
NONCI hhlOht
Close of the list
Mining shares closed as follows:

ASKED.
The total sales of stocks to-day were 467.-
1s6 shares, including: Atchison, 26, 200: Chi
cago Gas, 5000: Delaware, Lackawanna and
Western; 400; Erie, 20, 900; Lake Shore, ,SOO
Louisville and Nashville, 8, 500; Manhattan,
7lOO; Missouri Pacific 800: Northwest, s. 400;
New York Central, $500; Northern Pacific
preferred, 26, 500 New England, l6, 200: Read
Ing, $500; St. Paul, $500; Union Pacific,
10000; Western Union, 200.
j. S. Bache & Co. to Oakley Co.: Some
stocks held well, but the strongest on the
list was Western Union. The stock is surely
to be increased to 800, 600 900, and it is said
that the present stockholders are TO get
some of it.
of the rest of the country does not take
fright we do not think the cholera that
threatens us will be as serious as most peo-
pie suppose. This city is in excellent sani-
tary condition and able to cope with any
disease, and we think that very few cases
will come forward here before the winter
sets in. About the general market it IS hard
TO say how far the fright will reach. We
feel a little more disposed to buy stocks, but
only advise it on weak spots"
The following table shows the prices of active
stocks on the New York Stock Exchange, corrected
daily for THE PITTSBURG DI~PATCH by Whitney
q Stephenson Oldest Pittsburg members CT New
York Stock Exchange, 81 Fourth avenue:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
Clearing House Figures.

NEW ! DIRK. Sept. l5-Bank clearlngs, s115-
AIS, 592: balances, So, ,5tS59
BOSTON, Sept. 15.-Bauk clearings, sl4, 999,- =
l34; balances, Sl775,243. Money s to 8 per
cent. Exchange on New York go discount
PHILADELPHIA, Sept. 15-Bank clearings
$lO,427,3s7; balances, s1,47O.736 Money, 3@4
per cent.
BALTIMORE, Sent. 15-Bank clearings, So 097,-
4SG balances, 1886. SOP. Rate, 8 per cent.
CHICAGO, Sept 15-Bank clearings to-day.
$l5, 49,, ,03l. New York exchange sold at 75c
discount. Money firm at per cent. Ster-
ling exchange dull; q S611 for 6O-day bills,
81 s7s1 for sight drafts.
ST. LOUIS, Sept. l5.-Bank clearings, S4,0l4,-
1888; balances, 1884, 4S5. Money quiet ut 5l7
per cent Exchange on New York, par
CINCINNATI, Sept 15.-Monev 338@6 per
Clearings, 81 409450
MEMPHIS. Sept 15.-New York exchange
selling at SOC. Clearings $lO7, l65; balances,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
st. Louis Produce.

Wheat sagged all the session and closed 6@
lc below yesterday; cash, 6S1dc; September
closed at 6s1sc; October, 69Zc: December,
721sc; May, 1890. Corn opened lower, rallied
TQlc under yesterday; cash 1870; septem-
Der closed at 1870; October 435sc; Decem-
Der, 4s11c; year, Sc; May. 1919. Oats fol
closed at 3oc; October, 3ohc; May, a6c. Rye
firm at 5205,Kc. Barley quiet; new Kansas,
Soc. Bran quiet at 621c. Hay dull and un-
changed, except for iancy grades of timothy,
which were higher at s12 O0@l3 co. FlAxseed
frm at 81 03. Eggs higher at 1870 Corn
meal steady at q l50S 20. BagEing and
cotton ties unchanged,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16

nected with the street for upward OF ten
years, the last few years with Messrs. Rea
Bros. q Co., has established an office at 4l9
q brokerage business in local securities.
Kuhn Bros. and WI. Robinson sold P. &B.
traction and Hill & Co., Lawr ence & Co. and
Sproul & Co. bought.
Messrs. Robinson and W att we're the sell
and Sproul & Co. the buyers.
Morris & Brown sold Electric second pre-
ferred to Hill 8 Co.
Frank Eaton sold Pipeage to j. d. Bailey.
H. M. Long bought Pleasant Valley from
= lawrence Z Co. sold switopand Signal TO
Rea Bros. & Co.
Hill & Co bought Luster at sH from Kuhn
Bros and offered TO sell 200 shares at ~.
President George B. Roberts. Of the Penn
Wednesday with his family, on the City Of
Paris Directors A. j. Cassatt and william
L. Elkins also took passage on the same
steamer.
vacancy in the Bank E1aminership for the
city of New York occasioned by his own
promotion to the office of Controller, by the
appointment OF William H. Kimball, of Can
ton, N. Y, to that position.
The quarterly report of the Western Union
Company made public yesterday shows as
follows, the figures being largely approxi-
mated: Net revenue, 81, ,2OO, 900; interest and
sinking fund, s24296O; balance. sl,s57, 04o;
dividend, SLOT. 40; surplus, ss79, $780, total
nue. was estimated at 81 ,750. .00O, and proved to
be $l,779,5ss, an increase OF s2O,5ss. A director
OF the company was quoted yesterday as
saying that 1t would be several weeks before
the terms of the issue of the new stock
would be decided.
Sales and Final Prices.
Transactions at the Exhange were as fol-
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16

LONDON, Sept. 15.-The bullion in the Bank
of England increased .fl9S, 900 during the
past week. The proportion of the Bank of
England's reserve to liability. which last
week was 50.33 per cent, is now Is. o. per cent.
LONDON, Sept. 15.-Amount of bullion gone
into the Bank OF England on balance to-day,
fH.0OO
PARIS, Sept. 15.-Three per cent rentes
lO0f 5215c for the account
PARIS, Sept. B.-The weekly statement of
the Bank of Franco shows an increase of.
a75. DOOR gold and decrease of 1875, 0OOf silver
ANTWERP, Sept l6.-Petroleuui, Af paid
and sellers.
LONDON Sept. B- P. N. Close-Consols,
money, 81 3-l6; do account, 81 3-l6: New York,
Pennsylyania and Ohio lists. 3l18 Canadian
Pacific, Ss3I; Erie, s5ss; do seconds, 1O63< 1lli-
nois Central, 80; Mexican Ordinary, 22;
st. Paul common. 797s New York Central,
1lls4; Pennsylvania, 55l: Reading, 27sk Mexi-
can Central new As, 677a; bar silver, 3sId;
money, n per cent; rate of discount in the
open market for both short and months
bills 13-l6@H per cent.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-16
Stocks at Auction
Tres OF FlfSt NatIOnal
drawn on a bid of III

were Wlthdrawn on bid of III.
Rea Bros. & Co. Retire.
During lull in the proceedings at til is
afternoons final session of the stock beard,
the following notice was read by Mr.. John
d. Bailey, who officiated at the call in the
absence of Secretary Chaplin:
PITTsBURG. Sept. Is.
Notice is hereby given that the firm of Rea Bros.
Co. is dissolved. All accounts with the firm will
be settled by Thomas B. Rea.
THOMAS B. REA.
SAMUEL REA.
The announcement surprised most OF
those present, but it was learned that the
Messrs. Rea had been contemplating retir-
ing from the street for some time past.
They' have not been losing money or meet
ing with any fresh disasters through their
outside correspondents, but they simply
came to the conclusion that, while there was
some profit in the brokerage business as
they were conducting it, 1t was secured by
an expenditure entirely out of proportion.
They were under heavy expense for private
change memberships we're large, and in gen.
eral the money invested in the business was
returning less than If invested in almost
any other line.
The retirement of the firm is to be re-
gretted. Mr.. Thomas B. Rea, who has been
the most active member of the firm ever
since its organization, some 10 or II years
ago did more than any other man to es-
change. and to him the public is largely in
debted for the protection offered by the
stock calls. The Iirm has always stood
high in the estimation of the street and pub
lie. When Deacon White went down
in his desperate attempt to conner corn
he was the correspondent of Rea Bros. in
New York and Chicago. and meeting with
embarrassment through his failure were
compelled to suspend temporarily. They
sub sequently paid their obligations to the
last cent, however, and resumed. Messrs
Rea Bros. & Co. have always conducted their
operations within the lines prescribed by
excellent Judgment, high principle and
rigid integrity, and the branch of business
with which they have been identified is all
the better for their having been engaged in
it.
Local State Banks.
The following summary of the local State
banks, showing their condition at the close
of business September 8, is furnished by R.
j. Stoney Jr: