New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-30
NArInNAL srnCK FXCHANGr.
WEDNESDAY. Sept. 29-P. NJ.

Affairs in Wall-st. have improved since yes
terday from present appearances the worst OF tue
panic IS over. 1t Is painful duty TO announce the
temporary embarrassment OF the old and honorable
house OF Lockwood & Company, who, after long ana
successful career forced into TEMPORARY SUSPENSION
mat beyond the control OF any house,
however shrewd and farseeing The house has had
long successful unanished by any act that
could bring them discredt. We but echo the feeling OF
the entire community In expressing regret at their
misfortune, and trust that early solution
will be found for their present troubles. The
house has large resources. and the past MS
tory OF william Lcgrand Lockwood. the senior
partner OF the house. the best guarantee that its cred
itors have that their interests will be protected in
the fullest degree. In order TO give every guarantee
possible creditors the house have made an assignments
to Capt John 7. Acker, gentleman well known ana
possessing tho confidence Of the moneyed men OF the
street We have announce the suspension OF the
house OF c. A. Megs Son, whose nisfortunes tho
subject OF general regret also Of the firm Of Fuller,
Treat Company, prominent commission house, whose
troubles arise from the inability OF country correspon'
dents TO respond to the recent rapid decline. Thes~
comprise al. tho disasters recorded tod~r, 40
reported failures In tho Gold p~~- SAs'os De conhrmea
until q settlement mado OF all outstanding Dusaness
TIE Railway share market shows sharp Improvement
compared with the closing prices OF yesterday Inc
the day has been feversh and e1eiteo
under heavy sales stocks by who are unable 10
carry them. At the present deprecated prices, the
daclue has brought large number OF investment buy
ers who have bought cash throughout tho day. and
taken every stock the list. The depreciation III tho
values OF Railway shares alone Thursday last
from Que hundred 10 one hdred aud my millions If
dody and at present prices there Is hardly stock on
the list that is not cheap as permanent investment Tho
worst the panic has been and hope 10 report
| an improved condition OF affairs tomorrow.
Gold dealt in at the National Stock Exchange
to-day Tho opening transactions were made at 100.
followed advance 1885, closing l3i bid and offered
ls2 The Committee appointed by the Gold Exchange
arrange the cearngs OF Friday after working until
D. IN today were checked In their operations from tho
fact that Messrs Smith. Gould & Martin werc unwih
ling To receive the gold which them at 1885, The
amount was stated at s9eooe0o The action OF this rm
upset all the arrangements previously made and tho
brokers were left In the condition that they wero
on Friday 10 Is understood however that the members
OF the Gold Room will settle their accounts between
themselves and leave the transactions OF Smith, Gould
| n Martin 10 be arranged hereafter
| Government bonds opened firm. but under the dis
turbed OF the market declined from i9i cent
at tho close business OF the market
have been the large purchases by capitalists WHO
have been free buyers for cash ut the decline.
State bonds were lower In sympathy with the general
crash In prices but large amounts OF bonds were OF
fered. Railway bonds sparngly offered and firmly
held No large amountsl offered for SALE Pacific
Mail was excited selling at od65 closing st 6liG62l
| At the Government purchase OF bonds to-day the
| offerings were $s664,05O Nj. Butterheld immediately
referred tho offers Secretary Boutwell,, who ordered
him 10 accept three millions, which million in
excess of the amount advertised for this action OF the
Secretary gave the money market at the
close The following is list OF the proposals ito sell
bonds to the Treasury which were accepted: