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Newspaper
Pittsburgh Dispatch
Location
Pittsburgh, Pennsylvania, United States of America
Date
Jul 31, 1892
Page
11
After a week of gains the market shows renewed confidence in Investment and speculation amid loose money, favorable foreign reports, and Congress adjournment hopes. Banking and open market activity reflect firmer money, with easy rates and rising duties in gas and traction shares, while Philadelphia and Duquesne Traction hold strong earnings and asset growth.
The local money market remained quiet with discount rates at 5.6 percent and fundsupply up while lenders kept rates unchanged. Reports from New York, Boston, Philadelphia, Pittsburgh, and St. Louis show bank clearings and balances varying but money steady. 60 day and demand sterling rates held, with exchange on New York at par and overall monthly clearings rising year over year.
Loxpor July 30 4 P M close consolidated money values list several stock and bond figures including New York Pennsylvania Ohio 1sl Canadian Pacific Illi nois Central and Mexican common prices with war silver rates and a quoted open market discount rate for short and three month bills at 13 116 percent
Realty remains steady with improving buyer confidence and fewer concessions. Brokers report more business, a dull season yet potential fall trade, six permits issued for improvements totaling about 5030 dollars, and several property deals including plans for a planing mill, new houses in Hazelwood, and multiple parcels on McPherson Street and Bellevue area.
The Laurel Land Company and others report multiple lot sales in Baldwin township Oakland and Beatty additions including lots in Dithridge street Bellefield avenue Lookout avenue Eureka Pines and Lydia street. Buyers plan immediate residences as firm notes strong market activity and ongoing construction projects.
Trading in the New York stock market was light with a modest open and slight declines. Outside demand remained cautious with London buying limited to about 5,000 shares, while Sugar and Lackawanna weakened after brief rallies. Overall, bonds were varied with minor gains in Oregon Short Line Trust 5s and losses in Milwaukee Lake Shore and Western Improvement 6s.
The Cannon of Captain James Hays, not Post 207 property, was used by strikers in the Homestead clash of July 6. Hays loaned the piece for parade with return tied to its reuse. The cannon, named Griffin's Pet, suffered heavy damage and remains a relic in Hays's possession. Comrade Huss had it cast at Falcon's foundry. four feet long with a two inch bore.
The Grand Army Day Committee met in Council Chamber to review Rock Point events on August 18. Proceeds from meals and refreshments will benefit the Soldiers Widows Home at Hawkins Station and the Home for Soldiers and Their Dependents at Brookville.
Rapid applications come to Post 206 as two candidates prepare for August 9. Members and officers across Posts 157 162 215 and 259 face injuries hearings and travel plans while awaiting meetings and a Washington trip push. One veteran Army officer James Bisner of the One Hundred and Second Pennsylvania died after a long illness, with Post 151 and Post 206 involved in his burial honors.
A charter filing for the McKeesport and Wilmerding Railway Company outlines a 32.1 mile electric line linking McKeesport to Wilmerding and connecting with Pittsburgh routes. Officers include A. W. Smith president and B. W. Karskaddon vice president. The line, with 200000 capital stock, aims to serve over 50 000 nearby residents and spur regional growth.
Comrade Palmer accepts invitation of the First Defenders to escort the Commander in Chief. Comrade A. C. Frasx displays a relic from Griffith's Pet riot history, a twisted rivet with a brass cannon legend. Encampment preparations in Washington plan free quarters for 60,000 veterans and temporary buildings for 3,600 per unit near the Washington Monument.
Hon J F Stacie travels to Alaska and General A L Pearson heads for Canadian lakes as Encampment No 1 prepares a roster over 1050 names. Carram James Disner buried at Allegheny. National Encampment moves ignite talks on 10 percent per capita tax and enforcement risks subordination by No 9 and No 20.
The Disratca department invites secret society contributions by noon Saturday for print. August 13 souvenir issue planned in blue red yellow. every Pythian Knight to receive a copy. The Grand Lodge demo on August 17 announced. parade route set. several lodge officers and members installed with praise from media and visitors.
Preparations for a large union picnic by Braddock and Monongahela Councils of Braddock and General J K Moorehead Council dr O U A M of Perry at Aliquippa Grove along the Pittsburg and Lake Erie Railroad on Thursday August 11. General committees list W N Wilson N F Michiels H H Bair H W Bollinger A G Kennett J E Menges H H Fogie George House W C Bali with W V Wilson as chairman of the joint committees.
In the thriving industrial town of Apollo Pennsylvania the second annual picnic drew a large crowd of members and citizens who passed resolutions on the labor question. They urged the Jr O U A M to seek employment for American born workers free of foreign influence while pledging sympathy and equal opportunity for all law‑abiding foreigners and endorsing the Jr O U A M principles.
Order of Salon No 124 Indiana Pa to hold an open meeting Monday evening August 15 Supreme officers to attend at ten Also notice of levy of assessment No 52 mailed to subordinate lodges Assessment No 50 shows a net increase of 837 over No bringing it to the toe mark The Supreme Trustees reported loans aggregating 13450 Chairman Gaskill reported collections of 1070 Interest during the present month Supreme officers attended Manhattan Beach festival July 21 and returned to the city Monday They praised the event A new lodge will be instituted at Franklin Hall Allegheny tomorrow evening Deputy George Viel sack to supervise Supreme President Folsom and others attended Wheeling meeting to boost the new lodge and report success An open meeting will be held by Good Intent Lodge No 198 Johnstown next Saturday with Supreme office representatives including President Folsom Treasurer Godfrey Mrs Godfrey Past President Ball and Brothers Rush Yake and H L Strickler
Baltimore supreme officers attend Idlewild celebration as Heptasophs plan a Pittsburgh building with $150000 capital stock. Lawrenceville conclave forms in Ohio last week. J K Moorhead Baseball Club challenges Heptasophs at Idlewild. Wm F Fuller wins diamond charm. banquet follows services with addresses.
Karstone Temple No 7 at Morehead Hall will initiate 12 new members next Thursday evening. Supreme Secretary George A Harper of Cleveland was in town Friday and is listed among supreme officers. Dr F H Miller Keystone Temple medical advisor recently returned from Atlantic City reports a good time.
Deputy Shields institutes Branch 12 in Crawford county and Branch 36 pays three assessments per member from picnic funds. Branch 59 of New Castle hosts a brass band at the Aliquippa reunion on August 1 with judges D J Boyle William Brennan and Alderman McKenna. RK Ennis chairs reception. Branch 122 to be instituted at Sharpsville Mercer county by Deputy M Hamilton. Visitors Brady and Charles of Newark, Clark and Sullivan are welcomed by Chancellor Geary. Rev Father Lambing gives address before a lavish repast.
At the last session of Anchor Castle 336 K G and a castle of sorrow held in memory of P C R Williams M of R one of the charter members Suitable resolutions were adopted PF Robert Crawford elected installed M of B to fit the unexpired term EK 5 Williams deceased The castle will save eight candidates for the Pilgrims degree Saturday August 6.
Secretary Herr returns from a fishing trip to announce Tonti is booming and notes activity near the lakes. The board met Thursday night to consider increasing Good Will Society membership by offering a two week World’s Fair fee ticket to the member who proposes the moss names.
General notes report the Uniformed Division rituals for Husband Latve 336 and the Anito Rank to be instituted. Welcome Council No 4 held an open gathering with vocal and instrumental pieces by Harry J. Bird and William Bowers. Bessemer Lodge 1344 welcomed six new Good Templars members amid visitors from nearby lodges. W Morton and William Stevenson delivered speeches.
Direct private wire to New York and Chicago markets. Member of New York Chicago and Pittsburgh Exchanges. Local securities bought and sold for cash, carried on liberal margins, investments made at discretion and dividends paid quarterly. Interest on funds since 1843, money to loan on margined accounts. Information books on all markets mailed on application.
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