The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-16

Al
shares recovered fraction.
The street alive with during the morning
and quite panic when the report became an es
tablshed fact that Mr. Charles Graham, prominent
broker in Exchange place. had suffered large amount
through Edwin Ketchum who, for tho last two months
had charge of the business Of that gentleman
The defacaton amounts, ii is stated. to nearly three
hundred thousand dollars which will seriously Affect Mr.
Graham, unless the honse of Morris Ketchum, SON u
Co. the senior partner of which is the father Of the de-
fau,ter, makes good the amount Both houses have
suspended, and days will probably elapse before
the affairs of either can be put into shape
Tomorrow "Wednesday will be an important day IN
Wall street panic has been fairly inaugurated. and
some disastrous may take place before quiet Is
again restored would advise all those who are now
sojourning at the watering places make speedy their
return as matters assuming shape which will de-
mand steady hands the helm to avoid the breakers
Unless great caution now exercised we must be pre-
pared for recnac.men OF the scenes OF 1887 and 1851
the events the latter year being fresh In the memories
Of many OF those who prominent among the
business in the lower part Of the city Financial
difficulties approaching, and If some effort Is not
made to stay the panic which is upon us dis
will be the consequences and hundreds who are
reposing in fanced security will run into ruin.
Gold opened weak AK, and, after selling down to
opening prices
The money market was quiet during the day, and but
little business was done the legal rate of interest
The exports exclusive of SPECIE from the port OF New
York foreign ports for the week ending August 10
amounted in value to SO, 303, GIG.
The Lorlard Fire Insurance Company, Of this city, has
declared sem. annual cash dividend OF Ave per cent;
also scrip dividend of thirty per cent and six per cent
interest on outstanding scrip. This company has In
creased capital from $500 900 to 81 000 and It's
present assets amount to 81, 312, 600.
The Security Insurance Company, OF this city, has de-
clared tho following divdends:-A cash dividend Of
seven per cent payable demand; scrip dividend OF
foay per cent participating premiums, deliverable
October l. and an interest dividend OF six pcr cent
outstanding scrip, payable October oil free Of tax
Counterfeit FIVE dollar bills the New York and Erie
Bank of Buffalo have made their appearance. They are
close imitation Of the genuine, and well calculated to
deceive. The cashiers name is printed.
Tho total value Of the foreign exports from the port Of
Baltimore last week amounted to $3.50, 900.
The total value of imports at Boston for two weeks
ending August IL sl,151,57l against 1897 0se
during the corresponding weeks in 1894 Total since
January 1, $i4,5l4,s47. Average amount per.weck,
sass, 500.
The total value OF exports from Boston for the week
ending August IL, including specie, was $3ll ,552,
against $685. CSC for the corresponding week in 1854
is stated that the stock Of tho Buffalo and Washing
con CITY Railroad has all been taken. The track from
Buffalo 10 Aurora will be laid by the LIST Of Janua ~
next and the whole work will be prosecuted TO compile
ton as fast as possible.
The track Of the Rome and 0swego Railroad has been
laid nearly Pulaski and the Arst locomotive will visit
Che latter place this week.
Tho following comparative statement shows the aver
ags condition Of the leading items Of the Philadelphia