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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Aug 14, 1892
Page
11
An active week closes with bullish sentiment amid easy money and diverse market moves. New York bank findings show liquidity pressures while gold shipments rise and silver dips. local banks report ample funds and stable lending as utilities and rail shares advance.
A. J. Lawrence & Co reports a robust market with gas shares rising sharply and investors eyeing large blocks of Philadelphia Company. The letter highlights the United States Glass dividend surprise, rail streetcar earnings, and Philadelphia street railway syndicate activity. It discusses London bear sentiment, current stock advances, and cautions on dividend timing for preferreds.
In a turning point outlook, the world moves from steam to electricity with major fortunes ahead in electric industries. Investors speak of steam as servant to electric power and betting bears on steam while bullish on electric motors. Philadelphia Company and Union Switch and Signal led today’s trading with many blocks changing hands. overall volume totaled 280 shares across multiple listed equities.
Banking news shows demand for money as only fair with excess supply and rates around 5 16 percent. Reports cover New York and several cities with bank clearings, balances and exchange rates, noting week-to-week changes and comparisons to prior periods.
The realty market shows healthy undertone with large deals not yet closed due to absent city parties. Two notable sales include a $50,000 East End residence and a $30,000 property, while Greenfield Avenue gains a 60 foot boulevard with a $25,000 bridge funded by the city to connect Second and Hazelwood avenues. Building permits list additions to dwellings on Plus Street and Thompson Street among others as values may rise with new infrastructure.
Reports From the Agents details multiple property deals. Purchases include a frame two story addition at 2 Orphan street for 9600 and a West End lot 60 by 170 feet on Dithridge street for 3600. Numerous plans and sales across Williams, Fairmount, Grace Park, Shadyside, Hazelwood, and Kensington with prices from 500 to 15000 plus.
The New York market today showed typical half holiday dullness with little trading by major operators. Western Union advanced slightly while most stocks drifted. Northern Pacific preferred declined and bond activity remained lifeless with total sales around 412000 dollars.
The Royal Gas No 1 Mark Robb remains steady as McDonald field wells report no sand reach recently. Output across gauges steadies near 20,500 barrels daily with major producers Greenlee Forst and Forest Oil contributing large shares and new wells planned in McCurdy and southern McDonald.
The report notes a September option range with opening and closing values, New York and London bids, and a New York Aug 13 opening and closing with gains. It records sales totals of 31,000 barrels and clearances of 042,000 barrels, amid steady to higher trading and varied highs and lows.
Bar silver in London quoted at 3d per ounce. New York dealers list price at 2 1/2d per ounce.
A compact market summary reports bullion totals at the Bank of England and rate quotes across major bonds and stocks. It cites Pan gold Bullion prices in Loxroy and Paris markets, with exchange rates for rentes and several North American and Canadian issues, plus a small open market discount rate of 1 percent.
Readable lines show closing prices for West En Land Co Bell Telephone Lamson Store Wisconsin Central and Batts Copper among others. Values appear garbled with several incomplete entries and stray characters.
Treurteton Pa August scene reports Pittsburg and Allegheny visitors flocking to the resort. Moonlight cruises on the Allegheny charm guests amid hills, while a funeral marks the town’s sorrow for Margaret Lemmon who died during the stay. Names of arrivals and locals fill the tale.
Grand Army Day will be observed at Rock Point next Thursday drawing 8000 to 10000 veterans families and friends for a basket picnic. Proceeds go to Brookville and Hawkins homes with a grand campfire and two dress parades led by notable officers and veterans.
Adjutant Oshmiler of Post 88 received a letter from President Smallwood of the National Emancipation Monument Association stating Bryant is the authorized agent. Governor Fifer and Senator Cullom serve as trustees of the funds. The plan is to erect the monument in Springfield near Lincoln's old homestead, not at the World's Fair entrance.
Post 206 musters veterans Friday night as Comnane Watson of Oakland improves. Post 41 adjutant Clouse visits Post 200. Post 162 sees many membership applications. Thomas Riverey, ex Navy engineer, joined Post 181. The Fall of Atlanta play debuts at Alvin Theater on December 1 with Grand Army Encampment activities at Ellsworth Park. Post 300 Verona reports its ninth annual picnic at Hutton Grove. Comrade Penarson of Post 12 shows leadership for the Washington encampment. Reunions loom for several regiments at Coumaxnen Willson O. Ropsect’s Philadelphia posts visit. Members plan Rock Point shipments and reductions in transport rates to Washington. Grays honored at Post 63 golden anniversary with cane and spectacles. One Hundred and Second Old Thirteenth Regiment reunion slated at Cy clim Hall Allegheny. Dept Commander Dexxistion returns from Berkley Springs.
The passage describes a Major wounded by a rebel gun who finds relief as the waters aid his recovery. Pain from a decade persists, and diseased nerves may require surgical removal, though overall improvement is noted.
Perma located Quartermaster General Bian at 208 Smithfield Street. Encampment No 1 to elect delegates August 23. National Headquarters to move Brooklyn October 7 and reopen at Indianapolis October 10. Excampment No 1’s new roster praised. A cambriae likely October 12 in Tomlinson’s Hall Indianapolis with reception. No. 6 to hold meeting at No 49 West Diamond Street Allegheny to select delegates for Indianapolis. Excampment No 20 of Philadelphia aims to challenge National Commander Palmer on power. Notable members include Colonel John Taylor and J Pa Aitken. A regimental history quip prompts a call for restraint. En campment No 6 hosted a pleasant gathering at John Beers’ home for the Ladies Auxiliary No 1 U V with many attendees and a patriotic address. Colonel Stevenson spoke for No 6.
The Allegheny council loses a treasurer with 200 dollars and a new council is promised in Lawrenceville. Delegates prepare for the National Council in Philadelphia with talks on state councils representation and per capita tax. A large three day session seeks new officers and potential election of G. E. Kepple as National Vice Councilor.
Great Western Todce members meet for parade at 12 30 in hall. Grand Lodge No 255 assembles at Grand Opera House August 16 with a major parade in the city. Knights from across the state attend, with Major A Boyd Division leading the United Mounted Rank in an instituting ceremony at Knights of Pythias Mall Broad Dock. Grand Lodge officers from Ohio and New York present. Major Boyd Division counts 45 charter members.
Improved Order Heptasophs organizer announces August 23 Idlewild picnic for Bessemer Lodge 78 fourteenth anniversary and invites for Heptasoph celebration. Conclaves Pittsburg and Lawrence initiate members and report new applications. Delegation from Altoona Holidaysburg to attend. Supreme Archon S A Will at Atlantic City will return for the Idlewild event. Edward L. Clark leads finance efforts in Baltimore and travels west. Four groups accept a ball challenge for August 23 Idlewild. winners to be notified.
A. F. Moses of the Sextor reports Ark Lodge No. 14 was instituted at Franklin Hall in Allegheny City on Monday evening August 4 with charter members led by D S P George Violence. Supreme officers Folsom Godfrey and others attended and praised the prospects. An open meeting occurred at Morrellville near Johnstown Saturday evening under Good Intent No. 18.
Garfield Lodge 1060 meets Monday at Winebiddle and Penn to confer second degree on three candidates. Hazel Glenn Lodge 1063 gathers Saturday at Speck's Mall Hazelwood for second degree. Pittsburg Lodge 835 to meet Friday at Fourth avenue. Nomination of officers follows encampment business after.
A reunion of Northside area councils held at Garfield Council Hall last week included Northside Columbus Mt. Washington West View Blommfield and others. Grand President Murphy addressed the gathering as the evening featured singing dancing music and refreshments with plans for quarterly reunions.
The Ladies' Circle No 4 G A S of Braddock will travel to Rock Paint next Thursday. The St Thomas Catholic Total Abstinence Society plans its sixth annual Idlewild excursion. Monongahela Valley Commandery of Braddock hosts an Idlewild picnic. Pilgrim's degree was conferred with praise. American Ruling Fraternal Circle held its first annual excursion August. Members commend Brother Head for decoration efforts.
The Homestead soldiers receive a fresh consignment of Grandfather's Hat and Candidate cakes sent with Marvin's compliments. The two new items, recently placed on the market, are enough to keep the troops fed for one day.
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