Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1883-08-15
1.-THE United States a Pow
erless Nation"
the FLAGSTAFF OF the GERMAN
LEGATION BARE.
ESPECIAL TO THE sKNrrNEL.l

SPECIAL TO THE SENTINEL
New York, August 14-In the early
dealings to-day the stock market was
heavy and depressed. Oregon Trans
Continental declined from Al to Sc.
WALL STREET, 1 P. None Of the SEN
sations of the day was the failure of
George W. Ballou 4 Co. Of this city and 9
Boston failure, understood to have been
caused by the inability Of customers to
make good their margins, and the fact
that the firm has had considerable money
tied up in the Cincinnati, Toledo and
St. Louis Narrow-gauge Railroads, which
constantly went into receivers hands.
About 10, 900 shares Of the various stocks
were closed out under the rule for their
account, including Oregon Trans-Conti-
mental, New York Central, Denver & Rio
Grande, Missouri Pacific, Jersey Central,
Wabash Pacific and Lake Shore. The
rally in the market before ~ o'clock wal
on reports that leading operators had pur-
chased large blocks Of stock at a private
Sdl0 al buc OluCc VI 0COs W. DdlAtus "
said they have no statement to make.
They expect to resume business in a short
time. Up to the present hour deliveries
are prompt and money in good supply at
4 per cent on accepted collaterals. The
share market is firm and less active.
About $1,000 shares Of stock have been
closed out under the rule for account Of
Geo. W. Ballou.
The firm was composed Of VIM. Bing-
ham, board member, David. H.. Darling,
Geo. w. Ballou and Allen s. Weeks. No
definite particulars could be obtained.
TIL house did a large and extensive bust
ness. and its customers were principally
bank presidents throughout the country,
Boston capitalists and New England
estates. A member of the firm said the
trouble was merely temporary, and the
principal stocks carried by the firm were
Ontario & Western, Missouri Pacific and
| Western Union. 1t is roughly estimated
that their liabilities amount to between
$500, 900 and $500, 900.
Under the Stock Exchange rules relat-
ing to failures, all stocks carried by the
firm were sold at the Exchange, and
| prices were not materially affected, but
there was no end to the rumors and ex-
element. II is said the failure will seri-
ously cripple several other large houses on
the street.
WALL STREET, 8 p. M.-There were signs
Of returning confidence in stocks ct one
time this afternoon, but shortly after 2 P.
NJ. a savage attack was made on Western
Union stock, breaking it from 4 per cent
to $72A. The decline was due to stop
orders" Missouri Pacific also broke to
500. Other active shares declined in
sympathy. Towards the close Western
Union rallied to $741, and a frmer
tone characterized the whole market. In
the final sales, however, Western Union
ran off to $74. Generally the list lost part
Of the improvement.
Boston, Aug. IA prominent broker
Of this city said Ballou's suspension wal
occasioned by the refusal of the banks to
further certify the firms checks, but that
the embarrassment was possibly only tenn
porary. One firm has been large holders
Of San Pedro. Toledo, Cincinnati 4 st.
Louis and Mutual Union stock, and the
suspension WAS due in q large degree to the
decline in these shares.
Minister Morgan Commended.
NEW York, Aug. 14.-The Herald's
Washington special says II has recently
been published that the German Minister
at the City Of Mexico delights in taunting
the representative Of the United States in
that city by reminding him that the
United States is q powerless nation. II
this is true the State Department has no
information from Minister Morgan cor
roborating it; bat what is known Is that it
10 customary among the foreign Ministers
to acknowledge, in . civil manner, the
observance Of national events, no matter
to what country the affair pertains. On
the Fourth Of July, when the flags Of the
various representatives Of foreign ooun- |
tries were unfurled in the City of Mexico,
In honor Of the anniversary Of American |
Independence, Minister Morgan noticed
that the fagstaf Of the German Legation
was bare. He sent word to the German
Minister. stating that II the customary
courtesy was not promptly observed he
would consider II an insult to himself and
make the issue . personal n without
delay. To this note, ii is said, no answer
was returned, but the German flag was
Immediately displayed over the German |
Legation. 1t is understood that the Secre-
tary Of State, by direction OF President |
Arthur, has commended Minister Morgan |
for his conduct.
Yellow Fever Raging.
WASHINGTON, Aug. 1.-The Surgeon
d6u6Iel OF tuo mhrAuo uObpltal SERVICE re- |
ceived . telegram from DR.. Robert Maine
gra announcing his arrival at Vera Cruz, |
and reporting the yellow fever raging in
the city and among the vessels in the har-
Dor.
Telegraph Matters.
NEW YORK, Aug. 14.-The United States
Senate sub-C Committee heard John No
Clelland, . member Of the Brotherhood
to-day.
All the gold and stock wires were cut
this morning.
Anti-Orchestral Music.
PITTsBuRa, Aug. 14.-The National Con-
OF the anti-music party. opposed
to orchestral music in churches, assem-
bled this morning. Two hundred minis
ters and elders were in attendance.
Seriously HI.
CHICAGO, Aug. 14.-President Soto Of
he Republic Of Honduras received intelli-
renee last night Of the serious illness of