davidaulloa/AmericanStories huggingface dataset:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
WALL STREET GOSSIP.

Changers Take q Stand on the Mortgage
Question-Good Bank Statement.
The situation in the stock market is about q
stand-of between the bulls and the bears, as
pointed out in Watson & Gibson's telegraphic
letter to John M. Oakley & Co.
It is hard for bears to change front when they
see no important Improvement in the outlook,
and therefore they are inclined to fight the up
ward movement. The public are not coming In,
but holders are not selling or trying to sell yet
and prices are easily advanced. The sentiment
Is growing bullish among largehouses, but no
one Is prophesying boom.
If history is to repeat itself the market will
sell down again, but it is SO strong now that
one naturally places more faith iu present ap-
Pearances than in past experiences. The
omaha bridge trouble on the surface looks as
II 1t ought to prove to be an obstacle to the new
Railway Union, but this probably is deceptive.
Ihe bears naturally argue that. since, according
to the commonly accepted ethics of railroading,
no agreement need be kept unless it be
profitable; that is shown is shown in this bridge
case. Any new compact will only last SO long
as every party to it finds it advantageous. The
real test of the new scheme will come when an
apportionment to the different roads is made.
Then If the rule that dissatisfaction justifies
reputation obtains rupture will come.
sometime ago we predicted that one OF the
propositions the Farmers Alliance would seek
to enforce would be to stay proceedings on
mortgage foreclosures. The news from Topeka
to-day is that the Legislative Committee of the
Farmers Alliance has prepared 16 bills for in
PRODUCTION in the Legislature.
Among them is bill providing for two
years stay of proceedings on mortgage fore
closures, another requiring the mortgages, ETC.,
to pay his proportionate part of the taxes, an
other requiring all land sold under foreclosures
to bring the full principal and interest of the
debt
This proposed repudiation of debt under
forms Of laws does not invite the investment Of
capital In such regions, though It by no means
tion will prevail.
The bank statement made an Unexpectedly
favorable showing. and it gave fresh impetus
to the market, which closed strong at top
priceR
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04

have little or no influence on other properties.
In the market this morning, the bears were
upward movement, and were permitted, with
the aid Of some foreign selling. to open most of
the list at slight declines from last
Svsns agsT sTes Dut sPs sSs
were some of 5 per cent. The buying, how
ever. was too much for the pressure brought to
bear, and the natural strength Of the market
soon asserted itself, the most conspicuous ex-
ample being Lackawanna, which was run up to
l3411. gain Of 1% per cent. The loss in Louis
vile was also recovered, while some OF the
specialties scored material advances, and al
most everything traded in made fractional
gains.
Rock Island was the only weak point in the
list, and, giving no evidence OF support. it be-
came the prey of the bears, who sold 1t
down N.
There was some reaction in the last hour on
realizations by the traders, but the issue of the
bank statement was the signal for the renewal
of the upward movement, and the best prices
were again reached and in few cases higher
figures were attained. The close was fairly ac-
material advances among the active shares
were Lackawanna and Colorado Coal, per
per cent each.
The bond market continued to show the eff.
of business there were $l,OlaOOO traded in,
which was evenly distributed over a large num-
ber OF issues. The gains were in many cases
Fort Worth and Denver lists to 102.
The exports OF specie from the port OF New
York last week amounted to S925, ,l58 Of which
S52, $40 was in gold and SS72 4S8 silver. The i'm
ports of specie during the week amounted to
s2S4.4S2, of which S227,695 was In gold and
Sc, ,7S7 silver.
The Post says: The bank statement was, in
fact, a remarkably favorable one in the respect
that Of the large increase of deposits 4S per
cent was in specie and legal tenders. ind1-
eating that actual cash Is coming as unac-
countably and mysterlously into the banks as
it leaked out of them month or two ago,
which may be accepted as an evidence Of the
gradual disappearance Of that part Of
the monetary stringency caused by the
panic here growing out of the panic in London.
To some extent, also, it's due to the increasing
belief that while Congressman may indulge in
good deal of financial discussion for political
effect upon their constituents at home, there
will be no actual financial legislation by this
Congress. While this public belief has in
creased with the effect upon the money market,
as shown in the bank statement to-day, we still
hear of some extremely conservative capitalists
and institutions who refuse to make time loans
running as long as six months until they can
be assured thar there will be no further silver
legislation.
The following table SHOWS the prices or active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNEY STEPHENSON, Oldest Pittsburg mem
bers Of New York Stock Exchange Fourth
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
A. O. u W.

Al Pratt. Of Allegheny Lodge No. "a, had
quite a successful run during the holidays.
The new officers elected for the term of six
months Will be installed during the coming
week.
The lodges of Wheeling will pay a return
visit to lodges Nos. lib and 2l9 during the
month.
The lodges in Allegheny are arranging for a
monster open meeting to be held in Carnegie
Hall on date yet to be named.
Anew lodge was instituted at Clearfeld New
Years night, by Deputy Grand Master Work
man MeCluskey, with % names.
Many of the members of the order are al
ready pulling the ropes fo= positions under the
new state oil affairs in Allegheny.
Union Lodge No. sc. of Pittsburg, initiated
81 new members Friday evening, and cele-
brated the event by having good time.
Deputy Grand Master Workman Samuel d.
Osmond has his eye on several fine charter
lists Whlch ne mas started in the eastern part Of
the State.
Vera Lodge No. ll9, at Clifton Heights a
suburb of st. Louis, has lodge hall of its own.
which stands three stories high and is copsid.
cred model of beauty.
DEPUTY Grand Master Workman Jobn snr,+.
who has charge OF one Of the northern dis
trlcis. will pay Industry Lodge Nc % an official
visit Tuesday evening and install the officers.
The two new lodges in this vicinity are an as
sured success, each charter list having upward
of 40 names, and il is the intention to Institute
with SO or 20. which will be done early in
January
Grand Recorder McNair reports the pros-
poets very encouraging al present. and predicts
the new year will be one of the grandest for
the order in Pennsylvania in point of new mem
bers that it has ever seen.
Alexander Bennie, of Industry Lodge, No. 25
Allegheny. was a happy man Christmas Eve.
having taken unto himself a partner for life
The members of his lodge wish the happy
couple pleasant voyage through life.
Grand Inside Watchman Charles L. Hannah,
who is candidate for reelection, received a
very encouraging vote in Philadelphia. which
Is a stronghold in the order, and with that
Of the nome vote. it looks as if he is q winner
again.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
&. sarber; Trustees. Messrs. Lutz. Emerson
and Paterson
Order of Solon,

Oroer OF SOlOns
A large number of subordinate lodges viii
hold open installations and entertainments
during the present month.
Supreme Trustees Gaskill, Of Meadvflle, and
McKelvey, of Parker's City. attended the
Board meeting on the 18th.
Six new lodges were organised in December,
one of them having q charter list Of IS mem
bers, the largest on record,
Shenandoah Lodge Of New York State held
fine reception New Years Eve, which will be
the means of doubling its membership.
Supreme President John NJ. Ball has re.
turned to his desk at the Supreme Office after
an absence of four weeks, caused by serious
illness.
Charter Lodge No. is still on the increase.
1t received five new members at last meeting
and has eight initiates for the first session Of
the new year.
Brother Jenkinson, or Star Lodge No. &
called at the Supreme office New Years Day,
and gave glowing account Of the special
meeting held on the 11th.
With the exit OF 1890 solon closes the most
prosperous year of its brilliant career. It's large
corps of deputies are elated with present sue.
cess, and after brief rest during the holidays
will push forward to break the record Of the
old year.
Tarentum Lodge No. ls held fair and enter
tainment at their hall Monday and Tuesday
evenings. A large and enthusiastic audience
was in attendance, and the affair proved a
great success socially and finally. Several Su-
preme officers were present
Union Lodge No. 3. of Allegheny, is getting
out an elaborate lodge director and pamphlet
oi general information relating to the order.
Ihey have also secured handsome quarters in
tine nnest hall OF our sister city, and will hold
an open session In the near future.
The Supreme Trustees held their regular
monthly meeting Saturday. Considerable
routine business was disposed Of Loans on
city and suburban property at 6 per cent. ag.
gregating $4,000, was approved, and $1,000 ad-
ditlonal loans were referred to the Viewing
Committee.
tainment to its friends New Years night at the
opera House in Salisbury. Music and speeches
were the features of the evening Supreme
Officers Beatty, Godfrey and McMillen were
thanks was rendered.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
MARKETS BY WIRE.
Wheat Weak at the Opening, but Assumes Q
Strong Tone Later-Corn, Oats and
Provisions Slip Away From
fha Raarz

cHIcAGo-The wheat market opened at a
decline of H91ac under the price 1t was selling
for as the market closed on Friday. The first
trades in May were at 961sc, with few trades
at 96c about the same time. The cables were
easier, the public dispatch quoting IA decline
at Liverpool. The first half hour was the
weakest Of the session, and prices advanced
until the call prico had been reached. At the
latter point there was considerable selling,
which held the advance in check for while
around 97c and VIC, but the buying was stim-
ulated by the reported good demand for ex-
port at the seaboard.
The visible supply estimates ranged vari-
ously from ], 500 600 bushels decrease to an in
crease Of about that quantity. California ad-
vices were to the effect that dry weather was
spelling the prospects for their growing crop.
Everything had a bullish tone in the last half
hour, under which the entire decline of yester-
day and this morning was handsomely recov-
cred, with the closing quotation for May wheat
oTTc, and trading going on briskly at 98c before
the echo of the closing bell had ceased to sound
in the hall.
The business in the corn pit was quiet and
tame during the first half hour of the session
and fairly active in the latter half of the session
after the strong tone of the wheat market bad
given the shorts bad turn. The opening price
for May was at a decline OF Zc from its value at
the close of Fridays session. Trading between
SIC and $3.50 was the feature Of the first hour
There was an advance to 631sc, a reaction to
62Hc and squirt in the end up to 533sc, which
was the closing quotation.
The bulls had the best of the oats market,
despite the fact that Hutchinson continued to
sell. His. output was much lighter, however.
Fowler, Morton and Worthlngton and the
country were good buyers. The May future
started at 4i7sc, declined to 44ssc, advanced TO
1870, fell back to 1880, to the top price of the
day at 1870 and closed Ie higher at 45sss@SAc
There was an effort made to keep provisions
from advancing. but the stocks were not so
heavy as expected and hogs were reported in
good demand at some advance. Cudahy openly
sold pork, but the crowd took his offerings and
advanced the prices January pork advanced
from $40 30 at the opening $40 so at the close,
May from Sll 0211 to Sl1 25 and lard, while ad-
vancing TIC to 10c for January, gained only 215
Csc for May. Ribs also showed January re.
duoing the difference between il and the later
delivery. the former closing at IS 1215 and the
later at s5 6211, against S. ON and IS 62H re-
specrively yesterday.
The leading futures ranged as follows, as cor
rected by John M. Oakley & Co., a Sixth street.
members Chicago Board of Trade:
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
Closing Bond Quotations.
Bank Clearings.

CHICAGo-Money remains firm and un-
changed. with q good demand at z per cent.
New York exchange was firm at 70c premium.
Bank clearings to-day were SIG 124. 600; for the
week, S69 l4l 62l, against $685. 627 720 for same
week last year. Foreign exchange was quoted
at 4S0 for 60-day bills and zS4x for sight
drafts.
NEW YoRK-Bank clearings s155 0S9, 4S4;
balances. S27, ,4SS. .4l9. For the week-Clearings,
S574 769, 500; balances. S28 139. .3o6
BoSToN-Bank clearngs, SIG 994 022; balances
81 6SO, 1l9. Money 211@3 per cent; exchange on
New York, par to l0c premium. For the week
-Clearings, s94, OIL, ,33l; balances, sl1. .298 2Sl
For the same week last year-Clearings, s124-
I95. 19l; balances, Sl4 3S9, S42
PHILADELPHIA-Bankc clearings SIT 325, ,095;
balances. S26S6,752 Clearings for the week
ending were s62, 469, 92a; balances, $40 099.S .SS3
Money 6 per cent
BALTIMORE Bank cearfHgs, sa775, 342; bal
ances. S592 902. Money 6 per cent.
$780, sos. Exchange on New York rs cent
premium. Money 7G8 per cent. For the
week-Clearings, SO, ,914; balances, S2,244-
AIS. For last week-Cleari.,gs, $l7,908, ,535: bal
nnces. s2,006 l75. For corresponding week last
year-Clearings. SIS. S.7Ol9ll; balances, s2,723.172
CINCINNATI-Money quiet at 6@7 per cent.
New York exchange firm at par. To-day's
cleariugs, 2,5SO, $50: clearings for the week,
So 23O S50 against Sill 500 for the correspond
ing week last year.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
LATE NEWS In BRIEF.

Cardinal Lavigerie is Ill in Algeria with ma
larial fever.
The Pope will mediate between Belgium
ana Portugal In the Congo dispute.
Reported that Spauiards have burned the
mission buildings In the Caroline Islands.
Manuel Garcia, the notorious Cuban brig
and, was wounded by soldiers, but escaped.
In letter to u Ecldir, Boulanger does not
admit the formation Of new Parliamentary
group
"A member of the Paris Municipal Council,
NJ. Dupeaud, has been arrested, charged with
strangling to death his aged mother.
In the Evangelical fight in the Iowa confer.
ence, the District Court at Sioux City has issued
an injunction restraining the Trustees of the
Evangelical Emanuel Church from excluding
Rev. George Bradstetter from the church and
pulpit, and also restraining Rev. William Jones
from exercising the duties Of pastor.
During dense fog which prevailed over
the British Channel q disastrous collision be-
tween steamships occurred off Dungeness. The
Caroline Robert de Massey, OIL laden, was sunk
BY the WaIthwait Hall. Wreckage from an
other disaster, supposed to be from an Amer
lean cattle ship, was washed ashore near Dover
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
General Lodge Notes.

John Wilson, R. W. G. NJ. of the American
Protestant Association, will pay an official visit
to several of the lodges at A. p. A Hail. corner
of Wood street and Virgin alley Thursday
evening, JanuaryS
Allegheny Council No. 445. Royal Arcanum.
will hold an installation of officers followed by
musical and literary entertainment and hop,
Friday evening. January l6. in Washington
Hall, Beaver avenue, Allegheny.
- At the last stated meeting of Venus Castle
No. 29l, tSe following officers were elected: N
q, J. 81; Hess; y; C., W.. Murray. 81. p, 9.
Bailey; c. of E, G. w. Grery; K. of E, j. B.
Hovey; S. H, w. ]. Goddard; Rep. to Grand
Castle, C. P. Bailey.
new council of the Soyereigns of Industry
mas been organized on Penn avenue, known as
Washington Council No. CO. 1t is composed of
about 20o members, among whom are many of
the better class of people in LawrenceviIle
Mrs. DR.. Green is the President of the new
council.
Pride of Manchester Council No. Is Daueb.
tiers of Liberty, of Allegheny, elected the Iol-
lowing officers for the ensuing term Wednes-
day evening: C., John Diamond; v. C., A.
montgomery; A. e., Bertha Reeves; A. v. C.,
Hettie Huber: F. s.. William g. Hohmaun;
Treasurer, L. 6. Cupps; Trustee James Nor.
row.
Margeret A. Dustrane Council No. As, d. of
L., on last Thursday night elected the follow
ing officers; Elk. Jr. P. c., B. F. Leech; Ex. A,
P. c., Mrs. L. Hollenbeck: c., 1. ]. Morrison:
". e, NJ Nielander; A c., Mrs. l. Isett; A. ",
c., Miss Kate Johns; Recording Secretary.
Mrs. L NJ. HUFF; Financial Secretary, Mrs. Nj.
K. Griffith; Treasurer. George Neilander;
Guide, Mrs. J. B. Jones; Trustee, =. ]. G..
Brunn.
Allegheny Association No. s. N. Sc,
held its regular semi-monthly meeting last
Thursday evening. when the following officers
were installed: W. Hawkins, President: g.
n. Wheeler, Vice President; A. G. Curly. Re-
cording Secretary; A. McCallum, Financial
Secretary; A. Cortney. Treasurer; A. Oakley,
Conductor; s. A. McCurry, Doorkeeper; A G.
Carly, F. Withers and G. N.wheeler. Trustees,
and Mr.. Scott, Instructor.
Last Tuesday evening the following officers
were elected by Daniel Webster Council No.
49. o. U. A. M: c.. William Pastorius; v. O..
b. r. Cashdollar; r. S., Eda Pastorius; A. R.
s, H. b. Murry: +. s., J. F. Johnstion; Exam.
iner, G. Gunther; Ind, D. w. Morgan; In. s..
p. William Fry; o. p, D. Hutton; Treasurer.
T. Stark; R. s. c., Eda Pastorins; p, J. f.
Johnston. Daniel Webster Council is CON-
posed Of some of the most popular young men
OF tho Southside.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
HOME SECURITIES.
An Uneventful Week With No Material
Changes in Figures.

Stock trading was below zero yesterday only
one sale being made that of 20 shares Of cleo
trio at 13x This was not discouraging how
ever, as little had been expected SO soon after
one of the great holidays Of the year. There
were 80 bids and q offers. showing about as
many bulls as bears.
The fact that stocks are generally in strong
hands, weak holders having been pretty
thoroughly shaken out during the recent
furry. leads to the belief that there will be
steady appreciation from this time on until
values reach a respectable level. With forced
sales, for which there seems to be no longer q
reason, eliminated from the problem, those
who are predicting an advance are more likely
than not TO realize their expectations
Closing prices. ~ compared with those Of the
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
Sexennial League,

The officers of Imperial Lodge No. l70 at
FreepOrt, will be installed next Tuesday night.
Williamsburg Lodge No. SO will have an open
installation of officers next Monday night with
address. at Jackson's Hall
The League now has membership of over
l0,5O0, in 2OS lodges, l3 of which are ladies'
lodges. and has reserve fund of over Sl2l, 900.
officers for Allegheny Lodge No 70 for the
year 1881, will be installed next "Wednesday
night, as follows: President w. w. Wolfe
NJ. D.; Vice President George c. +. Moore;
Secretary, w. L Meyrick; Treasurer, J. S.
Rice: Chaplain, A. w. Moore: Marshal. L c.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04

for money from the South incident to this sea-
son, and hence the currency movement with
the interior shows a net loss at New York. for
the past week, of about 81 800 00U, most OF which
has been transferred through the subtreasury.
The ordinary transactions between the sub
treasury and the banks Excluding. the money
transfers referred to) show a loss 70 the banks
of about S25000Q HENRY CLEws.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
The Heptasophs.

s. L. Goldman. of New York, the Supreme
inspector, is in the city on business
A number Of conclaves are preparing to hold
anniversary and receptions, which will be meet
ings open to the publis.
December is not especially q good month for
society work, yet the order has had fully "a
large an increase as any preceding month.
The Supreme Archon has recently made
some changes in the deputies The new men
are taking hold with determination TO do ex.
cellent work.
John b. Mowen, the Suprem, Prelate. has
been delegated to make all arrangements for A
place OF meeting and hotel accommod odatious for
the next Supreme Conclave in New York.
Many conclaves have already notified the
deputies they are ready to have their officers in
stalled. indicating that the subordinate officers
are prompt In having their preliminary work
done.
The January assessment has been called. As
no assessment was called in December and
there is balance in the endowment fund
carried over to the present month, indicates a
condition hard to excel
The Supreme Archon accompanied by 8. A.
Duncan will leave Monday evening for Scran-
ton, Pa. On Tuesday evening a general meet
ing OF the conclaves comprising district No. IL
Will be held at Scranton. Other conclaves will
be visited on the trip East
Archon Elect Charles Buente of ]. K, Moore
head Conclave. No. 81, very quietly selected a
new beneficiary recently: his most intimate
friends had no knowledge of his contemplated
actions. They now insist that he will have
some trouble to get his certificate changed.
Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-04
THE WEEK IN OIL.

Higher Level Reached and Maintained
Traders in Good Spirits.
Although there was no business in oil yester-
day the traders were in a comfortable frame of
mind over the advance noted the previous day.
which was fully maintained
The best bid was 72ss, but It failed to bring
ont any of the commodity. It was offered spar.
ingly at 73, and that was the figure at the close
Its rejection indicates strong confidence in the
future.
The events of the week were few, but such as
occurred we're of a bullish nature. The princi-
pal factors in the advance we're increasing de-
mand, smaller production. an upward move
ment IN refined and confidence in the outcome
of the producers movement.
McGrew, Wilson Co. quote puts "a; calls
74L674A