davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Speculation Crippled by Argentine Matters
-Foreiguers Unloading Americans.

Speculation Crippled by Argentine Matters
Foreigners Unloading Americans.
The situation in the speculative center OF
America is interesting, as shown in the follow
ing telegraphic letter from Watson Gibson
to John NJ. Oakley d Co.:
We can hardly add anything to our letters Of
the past fortnight in which, by varied phases.
We tried to express our opinion that the mar.
ket was artificial and destined to break sooner
or later. IL has been supported in negative
way by holders who have been reluctant to
sell, but who bought no more. Little bears
have been timid and modest because those
whom they have been accustomed to follow
have apparently been committed to the bull
side, and this has taken the nerve and courage
away from the smaller ones.
Argentine matters continue threatening
though to-day and yesterday have been holl-
days in Buenos Ayres arranged by the Govern
ment there to check the panicky feeling and
give time for reflection. But reflection can
hardly bring agreeable results for the simple
fact is that the cupidity of European invest
ors has furnished population not much larger
than London itself with 81, ,000 100000 in few
years under the temptation of high interest,"
rates. That population cannot take care OF
such Indebtedness and some Of these foreign
houses most deeply involved, must fail and the
Argentine Government itself stop payment De-
fore the acme of the crisis will be attained.
Our stock market feels the Argentine situa-
tion by reflex action through London and more
gold will have to go to the Southland and 1t
can be had here more readily than elsewhere.
Then, too, it is the old story Of foreign holders
parting with their best American and domestic
Investments to protect their cats and dogs IN
South America. When things getsettled En-
glish capital whenit goes away from home here-
after will come thls.way and some time Will be
a great bull card for our securities-but not
yet.
To-day's market was weak, and in many
stocks the lowest prices of the year were reg
istered. The bank statement showed loss OF
So 250, 700 specie and legal tenders due to in
terror shipments and Treasury absorptions, but
this had no special Influence because it was not
unexpected. This close brought rally OF
about half point, but this was solely due to
the covering of shorts by room traders, who,
seeing the falling tendency of values during
the past few days, put out few shorts.
Silver does not GO down, and it ought not to
go down. 1t ought to and doubtless will go up
for the structure ofjdebt and credit of bank de-
posit and financial operations is so great that
the worlds stock of gold Is inadequate. A
more liberal policy toward silver is inevitable.
1t will all have to be used as money, and but
little of it will continue on the market as
merchandise,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
NEW YORK STOCKS.
The Share Market Continues Active and
Weak, With Aggravated Bear Raids
Material Losses All Along the
Line-Bank Statement

NEW YORK, March THE stock market to-
day was fairly active, especially for the leading
stocks, but remained weak, and, notwithstand.
ing heavy coverings of shorts shows material
losses for the day all along the line. The news
from abroad was again disquieting, and the sit.
uation in the Argentine Republic was repre-
sented as peing serious, which condition of af
fairs was reflected in the London market by
lower prices for all securities.
There was 10 perceptible selling of stocks in
this market for foreign account, but the pro-
fessIonal element in the room was bearish to
man, and notwithstanding the more hopeful
sentiment on the street, were enabled, by the
free offering of short contracts, to cause
further marked losses in many of the leading
shares, the general list of low-priced and in
active shares being still comparatively neg
lected. AS during the past few days. the
Grangers and coal stocks felt the brunt Of the
pressure, but there was evidence of consider
able support in the Wizards, and those stocks
were rather firmly held. The Vanderblts
the other hand, yielded readily, as did also New
England Louisville and Nashville and Missouri
Pacific. The opening losses extended to q per
cent but at the lowest figures the declines
reached as high as Q per cent in Illinois Central.
The discovery of AN unfavorable bank
statement was also one of the moving forces in
the early raid but the issue OF the statement,
with it's loss of nearly S3 5000 of the surplus
reserve, was unaccompanled by any GemOnstra-
ton other than the effort to recuperate the
principally of that character, and in the Grang-
ers Missouri Pacific and Wizards the rally from
the lowest prices reached more than per cent
IN many instances. The close was, therefore,
quiet but firm at the improvement. The final
changes are generally confined to fractions
however, the only marked losses being III in
New England and per cent IN Canada South
ern.
Railroad bonds displayed the usual quiet
business, but sympathized more than of late
with the depression in stocks, and some
81 T,a1 hVNcY NF
the day reached only S423, 600 with considerable
animation in Atchlson issues. The Texas
Pacific incomes and Duluth and Iron Range
frsts are up to SO.
The exports of specie from the port of New
York last week amounted to 81, ,495 O65, of which
$780, 54l was in gold and S594, ,524 in silver. The
imports of specie during the week amounted to
s2iS, 765 of which S139,6Sl was in gold and S109,
OSI in silver.
Inc following table SHOWS the prices OF active
stocks on the New York stock Exchange yester-
day. Corrected daily for The DISPATCH by
WHITNEY STEPHENSON, Oldest Pittsburg mem-
bers OF the New ork Stock Exchange, 81 Fourth
aYeuuet
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
BARE FACTS.
The Whole Matter ConcIusiyeIy
Summed Up.
THE SUBJECT DISCUSSED.

What is catarrh? Cararrh. as generally known,
Ia diseased condition of the mucous membrane
OF the nose and throat.
How caused? Its causes are numerous but
frequent repetitlons Of colds consequent upon
our changeable climate, Is the one most gem
eral.
What does it lead TOT If not treated it leads
to various unhealthy conditions such as inn
paired hearing, loss of the sense of smell, weak
ened vision, bronchial affections oftentimes
terminating in consumption. The stomach and
intest1nes become diseased lll-smelling dis
charges from nose and ears result; in fact, the
whole system becomes affected
Is it prevalent and can it be cured? Dr. Carl
Seller, the most eminent throat and nasal spe-
cialist in the United States, says; 1T is esti-
mated that about nine hundred and ninety
thousand persons out of one million suffer from
this disease. This very frequency gives rise to
popular belief that it is incurabe. Yet with
proper and rational treatment a patient can be
cured in a comparatively short time"
The preceding should prove conclusiVely that
we make no false claims when we say that Drs.
Copeland Blairs treatment absolutely cures.
Hundreds of patients can SO testify. This week
we add the following:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Order of Solon.

Newark Lodge. No. 100, initiated four during
the past week.
Success No. IO2, received four new members
during the week.
Auemania Lodge IO7, increased its member
ship by three last session.
Golden Star Lodge, OF Salisbury, received
four members at its last meeting.
The Supreme Executive Committee held a
very interesting session last evening.
Reuter- (German) Lodge No. las, received two
initiates and several applications at its last
meeting
Secretary of Blai-sviIle Lodge reports nine
new members initiated Tuesday evening. March
& and more 10 follow.
Fraternity Lodge l64. of wellsvilIe, was in
stituted during the week by Deputy Weller.
Ihs lodge has bright prospects.
An excellent Lodge OF Solon was organized
a. ChalerOi, Monday evening, by Deputy
Weller, assisted by the Supreme Vice Presi-
dent
The first anniversary of Eintracht Lodge will
be held on Monday evening. All members of
Sulon are invited TO be present. An excellent
programme will be arranged and good time Is
promised.
Indiana Lodge held its first annual reception
and banquet Tuesday evening at Wilson's Hall.
There was large turnout of lndiana's best
society people. supreme Vice President Nc
Nllen was present and spoke on the aims and
oljec-s OF the order. A number of prominent
members Of the order also addressed the meet
G-.
Final arrangements for SoIons' compliment
tam ruierta;nmeut at Old City Hall March Il
are about complete. An excellent programme
has been prepared. The following well-known
persons will appear: Miss Emma Woeff1er.
Emily honrod Miss Nina Milllgan, Mrs. Alice
u. Godfrey Miss Hattie Nicholas, Messrs. ].
N. Ball, Edgar Lauguer, R. J. Godfrey, Byron
King. Dr. Oscar Prinsler, A. 5. Shafer. 9. K.
Krone and II. Guesler. The public is invited
90 attend
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Jr. o. e. A, NJ,

The Advisory Council met last night
Lesc'eatte Council will celebrate its FIRST
anniversary on April 2S
A union meeting Of the councils of Will
liam port will be held on Wednesday next
State Councillor Collins and State Vice Copn-
CilOr Shifer Will be present.
The date of Acme's anniversary has been
changed to March 81. 1t will take place az Odd
Fellows Hall. Southside. The council has en-
gagged Mrs. Johnstone-Bishop, of Chicago as
The leading solOist for the entertainment
The Juniors of Steubenville have new hall
20 he used exclusively by them There aye
three healthy councils of the Juniors one of the
Seniors and two OF the D. of L. If they can ar
range with Major Cole some of the other
evangelists who are helping to convert Steubep-
vile iust now to occupy the hall Sundays. its
time will be full.
The Executive Committee of the General
Parade Committee met last night and wound
up It's business. A suggestion has been made
that. instead OF having parade next year. ar
rlngemcuts be made for number OF mass
Iaee. Iugs to be held. where the objects of the
c7uerCa be explained, and where pleasing
entertainment can be provided. While this
idea is in raw state, it seems question
worthy Of consideration.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
A VICTORY FOR IMPORTERS.
In q Test of the Mckinley Law the Court
Decides 1t Has Jurisdiction.

In q Test OF the Mckinley Law the Court
Decides 1t Has Jurisdiction.
ST. LOUIS, March Judge Thayer, OF
the United States District Court, this morn
ing handed down decision in the Wvman
case which is of vast Importance to import
ers in the United States. Wyman imported
some guns, upon which the Collector here
assessed the duty imposed by the Mckinley
law. The latter protested, claiming the
duties charged were too high, and the case
was referred to the Board OF Appraisers at
New York, who sustained the appraiser
here.
The firm then put in plea before the
Circuit Court in this city for decision.
The point was raised that the court had no
jurisdiction in the case, and Judge Thayer
to-day decided that this court has jurisdic-
tion, and has issued an order upon the New
York Board of Appraisers to submit papers
and reports to the court here.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Protected Homo Circle.

Triumph lOl made grand success Of its open
meeting.
David .. Reising is the President Of Mt
Washington Circle No. 81
Pittsburg IS is waking up. II has two can
dldates for initiation at its next meeting.
Enterprise Circle, of the West End initiated
nine candidates at its second meeting last Fri
day evening.
Two hundred and eighty-sever benent cer-
tihcates have been issued from the Supreme
Circle for the month OF March.
Supreme Vice President J. V, Rose, of
Ehadron. was in the city this week looking
after the interests of the order.
NcKeesport Circle No. 80 has engaged the
services Of PROT Douglass Supreme Deputy,
and opened their charter for 80 days.
East Liberty Circle No. SO has moved into its
bew gUarters-Cutrial Masonic Hall. Station
street. number Of applications have been
Received for its next meeting.
". S. Bailey, Supreme Organizer, has insti-
tuted circle at Mt Washington WI q char
Ter members. 1t holds lis next meeting at
DetrIch's Hall tomorrow evening.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Improved Order HeptasophS.

Tarentum Conclave has settled down to bust
ness and started out well with the present
year
West End Conclave, since its entertainment
3 month ago, has received number of sppli-
cations.
Beaver Avenue Concla1e No. 50 estimates it
viii increase its membership 50 per cent during
Ii present year.
Rising sun Cunclave No. l2l, at Demmler, is
regularly increasing its membership, and hav-
In initiates at nearly every meeting.
NcKeesport Conclave No. 81 has so far In
leSI received 56 applications, with excellent
prospects that the increase Will continue.
The conclaves in the NOnongahela Valley in
charge OF Brothers NJ. P. Scbooley and Ollie
3 good record.
Plttsburg No. 50 has well attended and
spirited meetings, and many members are
STRIVING TO secure one Of the handsOmest badges
ever made in Allegheny county.
East End Conclave No. 10 Is making a sue.
cess Of its new feature, that OF sick benefit,
which has given it a decided advantage in
soliciting applicants not heretofore had.
The Is recruiting teams of J. K. Moorehead
ConclaEe are hard at work, and applications
are coming rapidly This is another con-
Clave. by al indications, which will become
Separate district
McKeesport Conclave No. 81 has a degree
team, winch INITIATES all Its applicants. As all
the officers have committed their several parts
with some additional features added, it is one
of the most interesting and impressive init
alton services Vel witnessed in Allegheny
county. The officers of sister conclayeS could
well witness this with benefit to their own
initiation service.
Friendship Conclave No. 8 initiated two can
dldates at Its last meeting, Friday evening
balpted for several more and received and re-
feTreo several Applications. \ gooGly number
was in attendance The cOucllYa DaSspd an
pUupriate resolutions relative to the death OF a
child OF the Provost, Brothe Wess. Tins con-
Clave has Eaue excellent start, and means
70 maintain its present prosperity throughout
the year. Many members are determined il
shall become supreme representative district
OF it's own; this requires 800 members
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Closing Bond Quotations,
Rank CIearings.

CHICAGo-Rates for money are steady and
unchanged at 6Q7 per cent. Bank clearings
were sl3.637 900. New York exchange was
easy.
ST. LoU1s-Clearings, S. 426. 994; balances,
SZ15,5l6. Exchange on New York sold at par.
Money, 697 per cent.
NEW YoRK-Bank clearings, s97, SD, ,536; bal
ances, S. $40 24l. For the week-Clearings,S sou,
593, ,03S; balances, S33. 142, 59l.
BosToN-Bank clearings, ,S3l; bal
ances, 81, ,S32 $50. Money, per cent Ex-
change on New York. 17@20c discount. For the
week: Clearings 500 1856 2l4; balances, SlO, 49,
937. For the corresponding week last year:
Clearings, s92 047 356; balances, SIC, 0,0s4, 257:
PHILADELPHIA-Bank clearings, SS,9S7, III;
balances 81 l3Ol ,253. Clearings for the week end
ing to-day were s65 OILS, $40; balances $685. 952.
Money 5 per cent.
BALTIMoRE-Bank clearings, 81, l52, 41s; bal
ances. S2S3, 27. Rate, 6 per cent.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Select knights of America.

Duquesne Legion No. 10 is having many ap-
plicatlons just now.
P. C. w. II. Hawdon injured himself by q
fan on the ice the other day.
Bellevue Legion No. 81 will be found In Tele-
phone Hall, Sandusky street, after the first of
April.
Colonel c. v. Lewis carried his best smile
down into the baldhead row at the theater the
other night. He was right in il.
General Meade Legion No. le Allegheny
Ciiy. are having interesting meetings and add
Ing new members at every session.
Duquesne Legion No. 10 had nine applica.
tions at its last meeting. 1t is evidently alive,
1t has large meetings right along.
There is some complaint against the ofdcer
whose business it is to send the oficers-elect of
the First Regiment their commissions. Mem
bers say he should either send out the commits.
Sions or send in his resignation.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
TIE WEEK IN OIL.
Price Shrinks About Cent on Very Light
Trading.

Price Shrinks About Cent on Very Light
Trading.
There was no trading in oil yesterday, the
buying element failing to show up. The range
of fluctuations was restricted to u of cent.
The opening, highest, lowest and close was
76A. At the windup 761s was bid.
The market was strong and weak by spells
during the week. The highest point reached
was 7S, and the lowest 77ss. AS compared with
Mondays opening, Saturdays figures showed
loss of about l cent.
The only reason for the weakness developed
yesterday was the unsettled condition of the
outside stock markets and apprehensions of
money squeeze. Otherwise the conditions were
Dullish, tho decline in production and increase
in shipments being conspicuous.
There was no change in quotations on refined,
that it would be marked up this week.
McGrew, Wilson & Co. 80 Fourth avenue,
quote: Puts, 1874; calls, 49,
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
Oil Marketk

ON CITY. March 7.-National Transit Ger
tiAoates opened at 1910; highest, TIC: lowest,
761lc; closed, 1910; sales, 900 barrels; clear
shipments, SO5s barrels; runs 9S.O77 barrels.
BRADFORD. March 7.-National Transit Ger
tificates opened at 1910; lowest 1890; highest,
TIC; closed at 1890; clearances. 10000 barrels.
NEW YORK, March Petroleum opened
firm few buying orders from the West, but
soon these were executed became dull
and remained SO until the close. Pennsylvania
oil spot. opening 1910; highest 761dc; lowest,
76x; closing. 1916. April option sales, 76H;
highest, 76ssc: lowest 761c; closing 1890. Total
sales % 600 barrels
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
MARKETS BY WIRE.
Wheat Still Excited and Nervous-Some
high Quotations Made-Part of the Ad-
vance Lost-Stock Estimates and
the Foreign Situation

the Foreign Situation.
CHIcAGO-Price fluctuations IN wheat were
nervous and irregular nearly all day. The first
half of the session was particularly exciting.
Despite the bearish figures given out by Brad.
Streets and the heavy receipts at Northwest
and Southwest points the market made some
rather high quotations. The principal cause of
it was the extremely firm tone Of the foreign
cables and advices of heavy sales Of -four at
Minneapolis at an advance of 25040c over pre-
vious prices. May wheat started at sl0lss. sold
off to 81 0O5s01 O0A and then speedily climbed
to 0l1S. The wheat sold on this advance car
ried it down to 81 OO15. and it held steady
around ST O05s for a long time. Toward the
close of the session the weight of the long
wheat began to be felt and prices weakened
materially. May wheat sold OFF 10 81 O01s.
Consolidating Beerbohm's and Bradstreet's
reports of stocks of wheat in second hands in
Europe, ahoat for Europe and in the United
States and Canada on March ! would make
49, 523 0CO bushels or S,6Sl eco bushels more than
last year. Kennett-HopkIns special said: Ar
gentine cables situation is bad. The stoppage
of the payment OF Buenos Ayres loans is newt
able, A fresh currency issue is certain. The run
on the Provincial Bank took $40, 00O,0OO. There
is an easy feeling. The stock market declines
on liquidation. Beerbohms' closing cable said:
Paris, lO@20 centimes Eigher;four, franc 80 CEN
times higher. English country markets cd to
Is per quarter higher
finally gave way under heavy realizing sales by
longs and less heavy sales by people who
thought it high enough TO sell short. May
corn started at 5glc, sold to Coo, broke to 5S5so
ON estimates of heavy receipts for next week.
Oats followed corn. Realizing sales by
Schwartz Edwards and others carried May
from 501ac to 1910.
Provisions were easier on realizing sales by
outsiders and moderate short selling by pack
ers The market was not very weak as sales
were not much more than sufficient to supply
the demand,
The leading futures ranged as follows as cor
rected by John NJ. Oakley & Co., 45 Sixth street,
Chicago Board of Trade:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08

Welcome Lodge No. 6, Wheeling, W. Va,
ADDED 10 new members 30 its roll during Feb
TUary.
Bethel Lodge No. 80 has had a boom lately,
having taken IN 25 new members during the
last month.
The Mogullians from all couclayes will be
represented AT a meeting to lie held at the Cen
trsI Hotel next Friday night
Teutonia Conclave No. I5215 (German) will
be instituted in Allegheny Thursday evening
next. All Mogullians invited.
An interesting feature for the Friday even
in- meetings Of Union Lodge No. l6 for the
next TWO months will be the discussions upon
the six objects of the order, which are found in
the constitution. Each object will be taken up
separately and thoroughly discussed by The
N -, hers.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08

Nh. r. Mcdonald, living at Duquesne, Pa,
and employed as weighmaster at the Alle-
gheny Bessemer Steel Works, says: Il have
suffered for 10 years. had pains in the head,
limbs and chest about the region of the heart.
My nose was stopped up. and there was ringing
noises in my ears. hawked and spit up mucous
continually. My eyes were weak. and / suf-
fered from nausea and weak stomach. Had no
appetite, felt dizzy upon rising, and was always
tired in the morning. l decided to treat with
Drs. Copeland Blair, and am glad that I
did. l am free from headaches and pains. My
nose is clear and hearing well. have regained
my appetite, and in the morning feel rested.
My dizziness has left and feel better to-day
than ever before"
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08

month, at No. ITS Federal street. Allegheny,
obligated eight new members at its last meet
ing. Brothers Miller. of No. Is and Meyrlck,
of No. l29 were present
The D. s. F., assisted by the officers of No.
10, instituted Valley (Sisterhood) Lodge No:
so at Freeport, Pa, February Is, with 20
charter members. The officers for the ensuing
term are: P. p. E. J. Heasley; Secretary,
Annie L. Todd; p, Cora Wallace; Chaplain,
Margaret Simpson; v. P. c.. A. Bermont;
Marshal, Retta Chapman; Treasurer, Annie
Hill; Guard. Laura Phillips: Sentry, Lav1na
Shoop; Trustees. Carrie Ehrenfeld, Florence
Long and H. b. Holmes.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
THH hammond LETTERS STOLEN.
English Detectives Spend Large Sums Tor
Them Only to Lose Them.

Them Only to Lose Them.
PORTLAND, ORE, March IAN English
detective named Partridge recently secured
possession OF the famous letters of Charles
Hammond, OF London, but was few days
ago robbed of them by man named Tyr
rell. Officers arrived here in hot pursuit,
and expect to have Tyrrell under arrest in
short time.
Partridge says he came direct from Lon
don with instructions to secure the letters
at any price and at all hazards. He fol-
lowed his man to Australia, then to Cali
fornia, and finally located him here. A
dicker was made and a compromise effected
whereby the holders were paid several thou
sand dollars for the letters in question,
number of which were from noted persons
in England.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-08
A New Business Center.
Lively in the East End.

East End realty continues to move, as the
frequent sales out there show. Gilt-edged resi-
dence property was never in better demand in
that part of the city. Among the transactions
occurring out there during the week was the
sale by Baxter, Thompson & Co. Of a new two.
story house, owned by Thomas Fl. Chapman, on
the corner Of Ellsworth avenue and Graham
street, Twentieth ward. with lot 50xl60. for
S1Z,O00. The purchaser, Pennsylvania Rail-
denca.