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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jul 17, 1892
Page
11
Stock market commentary from Latenpay discusses dull but firm activity, with Wall Street influenced by silver fears, elections, and labor troubles. It highlights street railway stocks like P. & B Traction and Central Traction, the Pittsburgh Allegheny Manchester deal, Westinghouse Electric's strong year, and gas shares amid dividend resumes and new wells.
The Closing Market notes a single sale of Pleasant Valley Railway at 100 shares and a generally steady to firm list. Banks and utilities trade updates appear with various securities, while Possible future stock at 150 per share is mentioned as a strong central expectation.
The week saw money rates at 5.6 percent with ample supply and strong lender demand signaling expected later inquiry. Eastern exchange remained abundant with early premiums, later near par, while New York money closed easy at 2 percent. Sterling and other currencies held steady with New York and other city clearings and balances reported across multiple banks and weeks.
The realty market shows strong confidence with high inquiries and investor activity while sales remain quiet. Wagner homestead on Oakland avenue sold for 15000 cash to Apollo Iron’s P H Laufman, three acres on Morningside road near Stanton avenue about 7000 dollars, and Eline's Hotel sold for 15500. Building plans include a 9 or 10 story warehouse on Liberty street and nine new houses on Lord street, with a remodeled Penn avenue Sixth street stand costing 10000 plus.
The item lists various real estate moves and construction activity. J C Diaz buys peppers on Fifth Avenue for 18000. Denniston Elderkin & Co finish four houses in Enterprise plan and sell two in the Twenty-first ward. More brick dwellings planned on Filbert Street. Wilkinsburg Baptists seek a site for a church on Murray Avenue. Sionne & Co dispose of a West Moreland farm. Emerson of Beaver Falls drafts railroad scheme. Larkin & Kennedy sell parcels in Blaze Land Company plan to Patrickee, Mrs McCarthy, and H A Ehor kaste for various prices.
Trading was dull with about 30 000 shares exchanging hands on the New York Stock Exchange. Richmond and West Point securities showed strength amid rising General Electric and bond activity, while other issues barely moved and government debt remained steady.
Cash and futures activity in Chicago was muted with no clear buying interest on a light trading day. Wheat and corn opened steady then slipped, oats weakened, hogs and other provisions remained dull, while produce exchange prices stayed unchanged amid overall weak sentiment.
Senior Vice Department Commander William O Russell made an official visit to Post 259 last Tuesday. Posts 151 153 125 and 199 attended and reported a cordial reception with speeches songs and stories. Ice cream cake and lemonade entertained the attendees as Russell plans a final visit to Post 151 next Tuesday night inviting all comrades.
Comrades Thomas G. Jones and John W. Thomas of Post 2% return from Washington reporting excellent arrangements for the National Encampment. Quarters for 40 000 persons are engaged and applications pour in daily. The post will bring in friends beyond Grand Army members and offers first-class accommodations at reasonable rates on Thirteenth Street NW.
The No. 6 group notes two new membership applications, announces George Anderson and F. Milvale elected as members, and mentions Vanprex Wheat of Riverside leaving for Europe for three months. A roster for No. 1 is promised next month with over 1000 names.
Notices detail meetings and officers of Welcome Council 4 C U A M Jr and Monongahela District Jr C U A M Braddock. Reports cover an excursion on the Gusky to Rochester, new Liberty Bell Council 697 officers, and Jr C A M Braddock elections and committees.
General J E K Moorehead Council 198 of Port Perry organizes a Daughters of Liberty council with Braddock and Monongahela Jr C U A M aiding. East End Star Connell plans an annual boat excursion on the Ohio River or Monongahela depending on water.
The new officers of Eis kiminetas Castile No 23 of Saltsburg include Paat Chief W A Micapher Noble Chief J H Miller Vice Chief J A Whitesell High Priest J G Householder Venerable Hermit W A Grant Master of Reco W Myers Clerk of Exons ner T N Lowe of Exchequer Logi Bir Herald Earhart worth y Bard H G Sereene Worthy Chamberlain J Moore Ensign H H Earhart uire C me Martin Firee Guardsman L D Hall Second Guardsman Faisoeey gowery and a representative to Grand Castle T L Warhart. Next Monday night Garfield Lodge Mo.
McKeesport Conclave No 81 issues challenge to Allegheny county peers as 14 members receive gold badge honors. New conclave exams underway in the city with organizer Sr. I Osmond aiming to start with 0 members. Heptasophs baseball planned for Idlewild Heptasoph Day. Idlewild August 33 invitations soon. Deputy Adolph Schmidt vows to raise McKeesport Conclave from 400 to 600 members next year. Diamond charm prize displayed. Eden Conclave No 00 winner W F Fuller of Baltimore invited to view at 36 Fifth venue. McKeesport Conclave No 61 grew from 191 to 400 members in one year.
Local CMBA branches report installations and reunions from July events across Allegheny and nearby parishes. Visitors include Chancellor McGrady and Vice President Meizhan. Upcoming excursions, branch formations, and large Oceanic oil field notes fill the week’s agenda.
Mr. Joseph A. McNamee has been in California for a month and returns home. The Mansfield society and citizens are invited to attend the union meeting next Sunday. The Total Abstinence Union will meet at Mansfeld on Sunday next July 24 at 2 PM. The Tourist Club of Pittsburg will take about 75 people to Indianapolis. An effort will be made to organize a society at St Andrew's Allegheny with good material available. The Indianapolis Convention (A 25) is expected to be the most successful in National Union history. Pittsburg delegates will be Joseph A. Weldon V. W. Yahuer and P. W. Joyce.
Supreme Treasurer K J Godfrey helped organize No 213 at Columbus and Altoona Lodge No 29 joins the roll of honor. Lodge 31 was instituted July 1 at Halcottville and No 212 at y's Corners July 2 by Deputy Tice. Moltke Lodge 179 held an open meeting at 33 East street. Supreme officers including Folsom Godfrey and Cole spoke. A reunion and banquet of Long-term Endowment Orders is set for Manhattan Beach Coney Island with many officers expected.
General Lodge Notes report a large reunion and harvest home picnic by Bessemer Tent No. in Braddock and other Western Pennsylvania tents with families at Ohio Pyle Falls. Allegheny City Sa, Order Sons of St. Geo. grants President Ha Denmeade leave of absence for travel in Europe. Thomas A. Armstrong Council No. 391, O.
The article notes active growth in fraternal orders including Windsor Park meetings, Pittsburg Lodge 510, and the Order of the Golden Chain with increasing membership and ongoing installations. It highlights Braddock Field Lodge and the Chosen Friends group under G W Dean, with 28 councils organized and promising prospects in western Pennsylvania.
July 16 reports from Bremen and New York show a deserted petroleum market with no transactions in any certificates from opening to close. National Transit certificates opened at 53 1 2 cents, traded as high as 52 5 8, low 54 1 4, closed at 52 3 4 with 10 000 barrels sold and 2 000 barrels cleared.
Paris notes three per cent rents and short accounts while New York and Canadian listings show Erie and Reading equities, Central Pacific, Mexico and others with varied yields. Market closing quotes include 4 per cent discount rate for short bills and multiple monthly bill rates.
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