The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1869-09-30

Resolred, 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 Assocla-
ton the Stock Exchange later In the
dsy passed a resolution to deal In gold
in the hall of the open board OF STOCK
brokers. dealings to begin at 10 o'clock.
A meeting of the joint committee rep
resentipg the New York City Bank
Clearing House and the New York Gold
Exchange Bank. was held in the parlor
of the clearing house. At this meeting
the Gold Exchange Bank, which made
no clearings to-day, proposed to the
clearing house committee that the other
banks should advance 90 per cent on the
g, SOC, 900 gold, paid by the Gold Ex-
change Bank of yesterday and the Gay
before in the settlement of their in
debtedness at the clearing house, which
would enable them-the Gold Exchange
Bank--to pay their entire Indebtedness.
The effect of this weuld be to release
the other securities held by the commit
tee and give the Gold Exchange Bank
about 100000 in currency. 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 receiver; consequently
the negotiations were stopped. The
injunction was granted by Judge Car
dozo on application of a person claiTing
to be creditor of the bank. The appli-
cation for a permanent receiver Is re-
turnable next Monday, meantime An
gustus Brown, of the law firm of Brown,
Hall g. Vanderpool, has been appointed
temporary receiver. The Associated
Banks agreed in response to the appli-
cation of a committee of twenty to keep
open to certifylchecks &c, until o'clock
in the afternoon and if necessary till b
o'clock.
At the Stock Exchange the failures OF
Charles A Meigs q Co., Milan IL Co.,
aud of Fuller, Treat & Co., were report.
ed and their stocks were sold out under
the rules. The latter firm are paying
the differences, but were unable TO take
the stocks they purchased yesterday. 1t
is believed both suspensions will prove
but temporary. The name of Lockwood
81 Co. was used freely on the street in
the afternoon as having failed, and it
was finally stated they had made an as.
Segment of their affairs TO Capt. John
Packer. This house for years has been
one of the wealthest i'll the street, and
one of the most influential. Their ex-
act position on the market is not known,
although they were credited with hold
ling a large amount of Pacific Mail,
Michigan Southern, North Western, and
st. Paul. On the other hand, it is said
they have been short eff New York Gen.
trail for the past year.
The Money market was very unsettled
and irregular most of the day, with
transactions at 7 per cent gold, with ia
per cent. per day tor turning low
priced stocks, and Had per cent. for car
rying New York Central till tomorrow.
In the afternoon there was decided
let up in money, and the rate for call
loans finally fell TO per cent. discount.
Operations were out of the question
entirely.
Sterling nominal at SaSi per cent.
The street price for Gold was l3Oal32:
the range at the National Exchange was
1907 up to 1873, down to l3l, and closing
at 1919.
! GOVERNMENT TOCkS-Heavy and
lower. The Assistant Treasurer &C
cepted the bids of 100000 at ll5a
HOT; total offers So,66i,O50. The
following were the closing rates:
Coupons 81, 1lSa1lSt; do '62, ll9all9i; do
"a, 1lSall51; do '65, llSallSt; do new,
ll6sdll6s; do 81, ll6iall6s; do '6o,
ll6tal16f; lO.4Os, l07ialOo; Pacitics,
l06talU6t.
The decline in Stocks has been i'm.
mense to day. The market was very
irregular aud unsettled, with great and
rapid fluctuations.
The total amount of Bonds delivered
to the Treasury to, day was $780, OO
and currency disbursed therefor 81 ,665,'
900 in United States notes. This leaves
500 coo bonds t. be paid for tomorrow
F., These disbursements afforded some re-
lief to the morning market to-day.