The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1869-09-30

| luhL THESE results eau Dc hppfOxlmRLeC
to-day, and from all the evidence now
accessible, we believe the bank 10 bl
solvent and able TO pay all ItB debts
No complications exist ut present, ex'
cept on our Dealers statements. Thu
bank has not failed or suspended. j
has paid all its obligations at stated
II has Mondays obligations at thI
Clearing House In gold at par, and OF
Tuesdays 100000 In gold, and say
300, 900 securities.
[slRnedl II. W. BENEDICT,
September 2S, '6S. PTeSldent.'
The Committee Of twenty, appointed
by the Gold Exchange have WORKED
steadily on the statements Of dealerl
since 4 P. NJ, yesterday, and at p. NJ.
only two statements remained to bC
received, those ofSmith, Gould & Mar.
tin and kniekerbroCker d Co. The mel
result so far as aBcertained 10 that the
dealers are short with the Gold Ex.
change Clearing House about 81, ,OOO, ,OO(
Of gold which Smith, Gould d Martin
are offering 10 sell them at 1856. There
appears to be no doubt that the
Committee will succeed in effeoting Tho
olearlngs on Fridays business, The
settlement being made on the basli
determined upon yesterday. The diff
ference between 1856 and the actua
price will remain TO be adjusted between
the dealers themselves.
At 8:45 the Committee OF twenty re.
ported to the Gold Room In executive
session that they had referred making
up q statement from the tickets 'oi
Smith, Gould Il Martin 10 competent
accountants and requested 10 be releas
ed from further duty. The report waI
accepted, 1t was then agreed that the
transactions OF Friday be settled by the
Ex-cleaflng House, and the. Board
adjourned till tomorrow,
The President Of the Gold Room has
been served with an injunction grant
ed on the application OF Smith, Gould
Martin d Co., restraining him from
selling gold on their account accord.
Ing to rule. The following resolutions
were passed by the New York Stock
Exchange.
ResOLVed, That the members of the
New York Stock Exchange, deal In
gold In the Long Room, until such
time as the Government Committee can
effect plan for establishing Gold
Room under the direction OF this asso-
ciation. -
The Stock exchange, later In the day
passed resolution to deal In gold Ia
hall OF the open board OF stock brokers
dealings to begin tomorrow at Il
O'Clock tomorrow. A meeting Of the
Government Committee representa-
the N. Y. City Bank Clearing House
and the New York Gold Exchange
Bank was held in the paIlor Of the
Clearing House. At this meeting the
Gold Exchange Bank, which made nc
clearlngs to-day, proposed to the Clear.
Ing House Committee that the other
banks should advance 20 per cent on
the $2,5O0,00O gold paid by the Gold
Exchange Bank OF yesterday and the
day before in the settlement OF their in
debtedness at the Clearing. House,
which would enable them (the Gold
Exchange Bank to pay their entire In.
debtedness. The effect Of this would
be TO release the other securities held
by the committee and give the Gold
Exchange Bank about $500 900 In cur
renoy. Several banks had agreed To
furnish the means to carry out this
proposition, when It was learned that
the bank had been put In the hands OF
O receiver, consequently the neRotia,
tlons were stopped. The Injunction
was granted by Judge CardozO on the
application OF q person Claiming to be
q creditor Of the bank. The applicaN
ton for permanent receiver Ia return.
able next Monday; meantime Augustus
Brown, OF the law firm OF Brown, Hall
& Vanderpool, has been appointed tenn
porary receiver. I.u. .I
The associated banks agreed, in re-
sponse to the application OF the Com
mittee OF twenty, to keep open to Ger.
tify checks &c.; until this afternoon,
and II necessary until o O'Clock.
FAILURES.
AT the Stock Exchange the failures
OF Charles A. Meigs & Co., Julian d
Co., and Fuller, Treat d Cox were re,
ported, and stocks were sold, out for
them under the rule. The latter firm
are paying differences, butwere unable
10 takc the stocks they purch ased yes.
terday. Itis believed both suspensions
will prove but temporary. The name
OF Lockwood & Co.,, was used freely
on the street In the afternoon as having
failed, and 1t was finally stated that
they made an assignment OF their af>
fHirs 10 Captain John Packer. This
house has for years been one of the
wealthiest In the street, and one OF the
most Influential. Their exact position
on the market ls not known, although
they were credited with holding a large
amount OF Pacific Mall, Michigan
Southern, Northwestern and st, Paul
On the other hand, 1t Is said they have
been short Of New York Central for the
past twelve months. -
MONEY MARKET. .,. .I.-.
MoNEY-Very unsettled and irregu
lar most OF the day, with transaction
ut 7 per cent. gold, with X to per cent.
per day for carrying low price stocks,
and 1Ha4 per cent. for carrying New
York Central TIL tomorrow. In the
afternoon there was decided let up In
money, and the rate for call loans
finally fell to per cent. Discount one.
ratlons out OF the question entirely,
Sterling nominal at l0SAlOsk. Street
price for gold-180al92; range at the
National ExChange-190H up to 1888 and
down to 1Sl; closing at lSlA.
GOVERNMENT SECURITIES,
GovERNMENTs-Heavy and lower.
The Assistant Treasurer accepted bids
for s.. 00O, 900 at ll5all6N. Total Offer
ings-SS .O84 .050. Closing rates: Cou.
pons 81, 1lSallSM; do. '62, llOa1l9x:
do. '6i. 1lSallSl<; do. '05 llSall6N; do,
new. 1l6Sall6sS; do. '67, llGxaII6ss;
do. 'GS. ll6Ha1l6H; 10.40s, l07Xal0S;
Paclfcs, 100kal06]1.
RAILWAY STOCKS.
The dealings in stocks has been i'm.
mense to-day; the market was very Ir.
regular and unsettled with great and
rapid fluctuations; New York Central
ranged from 145 to 16l; Hudson l29 10
l43; Erie q to S2I<; Reading 90 to 9Sx:
Ohio and Mississippi 24If 10 261<; wa.
bash 42N 10 55; Western Union B2 10
06N aud preferred 771< 10 81: st. Paul
6ON to 65H; Old Southern 7iI< to SIX;
Rock Island 100 to 100; Fort Wayue 70
10 50; Pacific Mail 55 to 65; and Harlem
III to 225. The market finally closed
firm. The shares held largely by the
Lockwoods, were especially strong;
the prominent party OF the new stocks
who have been great bears In the mar.
ket for the past sixty days, have be-
come great bulls, and have been free
buyers Tor tho past tive days.
CLOSING PRICES.
Western Union Telegraph s4X; Pa
cilic Mail ok; New York Central ion.