The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1869-09-27
COMMERCIAL and PINAHCIAL.
a Quiet Day in wnll street.
Clearing Away the Wrecks,

NEW 1ORkt Sept. 70.
The gold room was crowded this
morning. At 10 A. NJ. the Board came to
order. when the following note was re.
ceived from the President OF the Gold
Exchange Bank: The bank will not
receive any clearing statements from
dealers to>dRy; the statements received
yesterday are nearly all affected by the
failures, and It Is Impossible as yet to
learn the balances. Dealers must be
prepared 10 take up the tickets of
those In default which they sent In, as
that IL the only mode OF adjusting the
movement. The bank will use every
exertlon to bring accounts TO a prompt
settlement The Board then passed
resolution to adjourn till Monday, to
recognize no transactions made to-day
and appointed II committee OF three to
wait on the Assistant Treasurer and
request him 10 postpone tho sale OF four
millions OF gold ill Monday. Tho
Board then adjourned.
There have been no transactions in
gold to-day. The Assistant Treasurer
declined to accede 10 the request OF the
Gold Committee, but states that no
award for gold will be made until bids
are telegraphed TO Secretary Boutwell,.
The purchase Of bonds will not exceed
the sale OF gold. The bank officials
are strengthening up the accounts be-
tween the gold brokers and themselves.
The clearlngs yesterday at the Gold
Exchange Bank aggregated i've hun
dred million dollars.
VIM. Heath Il Co. have not failed,
and are pursuing their business as
usual. It ls stated Smith, Gould, Mar
tin & Co. will settle their accounts, and
have q balance Of several millions. AT
2:20 p. m. money was almost impoSsi.
10 get at any price; It was quoted at
seven per cent. One and One-half per
cent is freely paid for turning stocks.
The stock market Ia dull. The houses
reported yesterday as having suspend.
ed are still In the same condition. 1t
is reported that they will not be able 10
get on. The Tenth National Bank Is
In trouble. There has been run on It
all morning, and 1t Is reported It will
have to suspend, nnless the other banks
assist It. Mich. Southern Ia quoted at
9O<; Erie, 35.
LATEST.
The day closed quietly In Wall and
Broad streets, and everything now
wears calmer aspect. The run upon
tie Tenth Wall street Bank ended
about 3:l5 P. NJ, the bank having met
all demands upon 1t. 1t Is presumed
the bank on Monday will cease TO de-
cline the acceptance Of It's checks. The
ability OF the bank 10 satisfy all claims
has materially checked the growing
panic, and there 10 a marked recovery
OF confidence In the several depart-
ments OF business. It now only re-
mains TO be seen what Monday may
bring forth from the disclosure OF the
closely kept secrets Of the Gold Ex-
change Bank. The Tenth National
Bank held iu deposit this morning
81, 100 900, and paid out during the day
about 81, ,000,00 Mr.. Colleuder, bank
examiner, Inspected the condition ofthe
bank to~day and pronounced II salts
factory. The banks are this evening
throwing out checks on gold exchange.
Burk d. Sons banks were served with
Injunclious and legal notifications
against paying checks paid into the
gold exchange bank yesterday; these
checks, however, were certified and
came regularly through the custom
house this morning, and Of course had
to be recognized. :.
Bids to the Assistant Treasurer for
gold to-day, amounted TO 50. SS7 500;
ranging from lbs 10 l34k. The Secre-
tRry OF the Treasury Instructed General
Butterfleld by telegraph, to limit the
purchases OF gold today 10 s.. .0OO. 600,
unless bids should bo over l3i, and to
reject all bids under lS2. Total amount
OF gold 100000 at 1S2ISal3iIS. or.
fers OF governments 10 the sub.treasurer
to-day amounted to 81, 40, 900 at 1l6.l7a
l2l9<; award made three millions at
1l6. 6.l7allS.0S.
Cable dispatches report that large
amounts Of gold have been Withdrawn
from the Bank of England and Bank OF
France for shipment 10 New York. The
general opinion on the street ls, that
beyond those Of Albert speyer and W.
81. Belden, the failures will be confined
principally 10 small Arms, whose en-
gagemsnls are not large enough 10 cause
serious trouble: The position Of the
bull operators Ia not regarded with