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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jan 31, 1892
Page
11
Submissions to the Ter Dverarer office must arrive by noon Saturday. Columns are open to all secret organizations, but only news content will be printed. Space is valuable and not wasted on delinquent member notices, mertimes praise, or advertising orders or personal plails.
Numerous lodges schedule initiation nights and anniversaries through February and March. Pittshuce Encampment No 8 and Western Star Lodge No 4 mark upcoming rites, while Twin City Lodge No 84 and others prepare for conferrals, visits, and celebratory services.
The report covers Manchester and Pittsburgh area councils with elections candidates and new chambers. Highlights include creation of Dequesne Council No 10, acceptance of Council No 618, candidate F J Schellman seeking re election, George W Smith of Johnstown visiting February 22, and funeral notices for Conrad Strace.
The article notes numerous applicants for positions in the Southside lodge circle, with eight candidates stopping Wednesday at the circle’s meeting. It mentions Dr. Reed and W Bethea among contenders, and an open meeting Tuesday evening with about 200 attendees and a strong program.
Supreme Trustee McKelvy nurses a sprained ankle while Supreme Past President Naylor of Warren visits Chartiers. W H Jackson prepared separations for Philadelphia in Solon interest. Sandstrom from Warren reports good prospects. Ladies lodge met at Solon Hall with installation of officers. Star Lodge moves to new hall over Manchester Savings Bank. Cappe Lodge Allegheny held session with charter presentation by Godfrey and remarks by Ball.
Sister Sadie Dixon has been elected President of Parkhill Council. The Grand President W H McCullough’ s term nears expiry and he will likely be retained. The Grand Secretary Same Harper is issuing new constitution and laws to councils while warnings about credentials rise. The Grand Council meets Saturday evening February 13 with expected membership over 10000. Silver Star Council No 47 installs officers Wednesday night and anticipates members from Triumph.
Organizers report Osmond recruiting Jeannette Conclave and a surprise awaits attendees. Monongahela Conclave No. 29 installs new officers next Wednesday. J KR Moorhead Conclave No. 51 plans installation Monday with a large supreme officers delegation. G A Montileri and M G Cohen will visit Kitsanning Conclave Thursday after an inspiring meeting and banquet.
Twenty three new Iodees joined the league in the last two months. Supreme member W J Coyle with PD DS Med Ex helped organize a new Jodee at Mt Washington last week. Lodge officers in the district have been installed, including those in Freeport by the Deputy with an open meeting address.
A summary notes a strong start to 1893 with improved trade, higher bank clearings, and confident market tone. Penn Avenue activity includes Black & Baird selling 956 Penn avenue to the Woman's Christian Association for 50000 dollars, a new 12 story Fourth avenue deal, and acreage speculation near Hazelwood with local and Philadelphia capital interests. Also, Etna plans electric road links to Allegheny, and life insurance notes praise the Mutual Reserve Fund’s growth, while January real estate activity shows several notable property sales and building permits across Pittsburgh and nearby towns.
The market shows strength with most active stocks closing higher week over week except Philadelphia Gas and Luster which slipped. Key changes include Central Traction up 234, Switch and Signal 4, Airbrake 3, Underground Cable Sig holding firm, Birmingham Traction 34, Duquesne and Birmingham steady, while Philadelphia Gas and Luster fell 7g and % respectively. Weekly sales totaled 1,408 shares with major movers Manchester Traction 99, Philadelphia Gas 14, Birmingham 20% and 24, Central 290, Pittsburgh Traction 50, Switch and Signal 103% and 167.5. For the month, 19,002 shares of stock and $3,000 bonds traded. Final bids show mixed activity across stock groups including Bank Stocks and Copper/Coal listings.
The article discusses American railroad policy, contrasting free speculation with prudent development, warns against harmful parallel lines, and notes Democrats planning to tackle the McKinley tariff in sections. It also reports on a strong bank statement, weak market activity, and bear raids in Wall Street, plus Chilean concessions easing tensions with our government.
The page lists NYSE stock prices with many named issuers and quotes, followed by Chicago wheat and grain notes. Wheat eased on bearish news while corn held firm, hog products declined, and a price rundown for futures and cash items is given along with several company names and figures.
Closing quotes from Philadelphia stock brokers note activity on rail and electric stocks. The report lists firms at Fourth Avenue and New York firms with prices for Northern Pacific Lehigh Navigation Boston Electric and Detroit Electric Works among others, including Berkshire style bids and asks.
January 20 summary lists multiple mining shares with prices and quantities including Best Felcher 20, Crown Point 150, Consolidated California and Virginia 550, Homestake 12 percent, Union Consolidated 150, Yellow Jacket 1100, Ophir 300, and several others led by Aspen 500 and Sierra Nevada 165 in New York trading records.
New York report shows bar silver in London at 16 pence lower, at 41 3/16 to 41 1/4 pounds per ounce, with New York dealers listing a similar price per ounce.
Clearing House figures indicate solid business in the month with bank exchanges about seven million dollars higher than January last year. Easy money persisted with the call for accommodations improving toward month end as general trade picked up and no new bail influences appeared despite the Chilean imbroglio.
The Bol week reports mixed changes with increases in specie deposits and legal tenders while circulation declines. New York money on call was easy with no loans and rates for mercantile paper and sterling exchange remained steady amid market calm.
The page lists bond prices and financial quotes for Western transportation and utilities including Union Pacific and West Shore. Entries reference Gen 6s, Tex P.R. G, and several rail and telegraph companies with varied yields and maturity notes.
Financial brief shows weekly and monthly bank clearings and balances for New York, Chicago, Boston, and Philadelphia. Exchange rates and discounts noted. year over year and month over month changes highlighted with totals and percentages.
Cattle receipts 1,113 head with 945 shipped. market quiet with no cattle to New York. Hog receipts 4,490 head with 4,800 shipped. market firm. Three carloads of hogs sent to New York today. Sheep receipts none with 20 head shipped. market firm at yesterday’s prices.
Wildcatters push test wells into new territory as more rigs are abandoned elsewhere. Guffey & Queen No 1 on Samuel Wetmore farm west of the latest development flows 20 barrels per hour and then 50 as it sinks deeper. Multiple wells around McDonald and Canonsburg show varied results with several abandonment notices in Ohio. Production estimates dip slightly but gains expected if larger wells continue on.
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