The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1869-09-29

gold OF 1856.
The Gold Board has adjourned un
~ Tomorrow. Gold on street at l80a
1888. rr ..
AFTERNOONS REPORT.
Tie excitement In Wall Street was
very great throughout the day, and the
events scarcely less important than for
many days past. The Committee of
the gold room appointed In the fore
noon soon reported that the Bank Of
New York, would undertake the clear
Rnce Of last Fridays business In the
Gold Room subject 10 the following
restrictions: That every statement
must be correct, and that II there Is o
gold balance II must be paid in gold and
II currency balance 1t must be paid In
certified checks. The committee and
Bank Of New York further agreed that
all clearRncea at the bank should be
made on q basis Of 1856 for gold, and
that all differences be settled between
the respective dealers outside OF the
bank. The room then voted to remain
open for transactions In gold. The
loan market has agreed that all loans
to-day be made free OF interest. The
Gold Exchange assem- bled at s p. NJ,
when the committee reported that the
Bank Of New York found their clerical
force insufficient to clear up fridays
contracts In the gold room without en-.
barrassing ihe regular operations. In
this emergency, resolution that com.
mittse OF twenty members OF this Ex-
change be appointed 10 receive all Of
the Clearing House esheets and examine
them carefully. without receiving any
money or balances, and finding all
correct strike balance sheet OF the
whole and present that to the Bank oil
New York, was adopted after a stormy
debate. Tnis committee, It Ia stated,
will work all night II necessary to
strRlghten ont fridays business. The
announcement that the Bank Of
New York was unable to go on
with the cleArlngs occasioned a gen.
eral rush for the long room 10 sell
stock, and another storm burst on the
Stock Exchange, with q decline in
prices OF from to 16 per cent. The
greatest depression was In Vanderbilt
stock, and New York Central sold
down to l62. The street was filled with
rumors OF failures on the Stock Ex-
change, but none are yet officially an
nounced.
Secretary Boutwell, to-day accepted
only 1897 900 OF bids for gold, throwing
out all proposals below l30. Those &C.
cepted were at lSOAl921f.
The affairs OF the Gold Exchange
Bank were before 4 committee OF the
Clearing House to-day. The bank
stands debtor 10 2.400, 900, and paid In
W. 900, 900 In gold, equal 10 about 81, ,3OO,-
QUO currency, and l,0O0, 900 in the shape
OF loans. which are In process OF collec.
ton. The creditor banks have been
assessed for their portion OF the 81, ,O00,-
600 In loans. until 1t can bo collected.
This ls the first real explanation the
public has had Of the cause OF delay in
making settlement with the brokers,
It is reported from this statement that
the currency OF the bank has been
loaned TO parties. and the whole street
brought to deadlock thereby.
This afternoon the Committee ou
Suspensions OF the Clearing House, re-
garded the secureties handed over to
the Clearing House on account OF the
debtor balance OF gold exchange, as
adequate to cover the liabilities, and
have ascertalned that Tomorrow the
Bank will stand creditor at the Clear.
Ing House. The Stock Exchange pre-.
sentsd a gloomy aspect toward the close
ofthe day, aud the panicky feeling was
renewed. The havoc made In values
to-day has wiped from existence large
numbers OF small operators, and weak
ened many OF the larger firms. There
were many rumors Of failures, but
none yet officially announced. The
National Stock Exchange commences
dealing In gold tomorrow. Money is
very stringent, noon loans were made
at u per cent on governments and gold,
and Il to 2 per cent on stocks. A great
many brokers had difficulty In making
their bank accounts. There Is a dead
lock In discounts.
GoLD-NominalIy 13l to 1872.
STERLINd-Nominal at lOSalOsk,
GOVERNMENT BoNDs--Lower and
dull closing steady. Coupons '8l, ll8A
all9; do. '62. 120al201Sf; do. '6i, 1l9all9JS:
do. '65 1l99Ga1l0H; do. new, ll9all9X;
do. ~, 1l7kall72f; do. 1853, 1l63{a1l7T;
10 4Os, 10S11al0SN; Paclfics, 1O6al07,
STOCKS. Decidedly lower and pRnIcky;
Vanderbilt shares showing the greatest
fall, Six O'Clock prices: Western Union
Telegraph S51S; Pacific Mail 6lN; New
York Central l60x; Harlem 10: Hud-
son 1856; Reading 69<a90N; Erie 28N:
Michigan Central 1lS; Michigan South.
ern 76H; Illinois Central lSlx; Pitts
burgh so; Northwestern 621<; do pre-
ferred 76K; Cleveland. Cincinnati and
Columbus rs; Rock Island l00N; St,
Paul 62;Ido. preferred TAX; Wabash 55:
Fort Wayne 81; Terre Haute 80; do.
preferred So; Chicago and Alton l4O:
do. preferred l4l; Ohio and Mississippi
241< -.s... ....-. u.
EXPRESS SHAREs-Adams 4OX; Wells,
Fargo q Co., II; American 3O1S; United
States 90.
The Commercial understands that ap.
pltcation has been made 10 the Secre.
tary. OF Treasury requesting that he
would make provisions for supplying
the market with currency In event Of
affairs assuming the aspect OF "a panic.
TIE LATEST.
New YoRK. Sept. 2S-ll Pm.
Ali o'clock tonight the Committee
appointed by the Gold Room, 10
adj ust the accounts ofFrlday last, have
been buslly engaged all tho evening at
the Banking House OF Jay Cooke & Co.
The work cannot be completed to. night,
as the statements have not yet been
furnished by only about $50 out OF the
800 members OF the Exchange. The
work Of adjustment is proceeding on
the basis Of 1856 for all contracts made
on Friday, except those Of Belden & Co.,
whose accounts have been thrown ont,
md mhn ara oanarallu arabian - -