Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-26
TELEGRAMS TO THE STAR
THIS .GHermoon's Dispatches.
Associated Press Reports.


THIS .AfIerno oM's Dispatches
Associated Press Reports.
THE FINANCIAL OUTLOOK.
THE SITUATION TO-DAY.
New York Being Drained Of Money.
The Stock Exchange still Closed.
Bank Suspensions i'm Charleston, 3. G.
and Chicago, HI.
The Lending Stoek Dealers OF BaItt.
more, VIM. Fisher d Sons, Go Under.
SEw YORK BEING DEPLETED OF HER CUR
RENCT.
NEw YORK, Sept. 26.-The city Is now being
GRAINED OF money at pretty lively rate. Since
Saturday last outgoing moneys through Adams
express have been about 81 ,510, 900 daily, while
that coming In, exclusive OF what went TO the
y Treasury, amounted 70 about S6oO,OO0. The
United States company have been sending out
nom $780, 900 10 $500 900 day for several DAYS
past, while the receipts through that medium
are very small. The National express company
ship an amount about three times as large as
usual at this ason of the year, and the Aineyi-
can express company is doing nearly likewise
BowEs AND MACY,
in their circular sent their CORRESPONDENTS the
day they suspended, say: 1--WE shall proceed TO
and apply the same to the liquidation of our
debts. In the meantime we have TO ask for
bearance of those to whom we are indebted. All
moneys received on and after this date will he
held subject to the order of the owners thereof
CLEARING STOCKS.
The committee of seven, appointed by the
governing committee, for the purpose OF pre-
pairing plan for clearing stocks, submitted a
report to-day. No action was taken in connec-
ton with the report.
STILL CLOSED.
The stock exchange remains closed.
TWENTY-fOUR HOURS NOTICE
is TO be given before the stock exchange opens
THE HEIRS OF CHIEF JUSTICE CHASE DEPosI-
TORS WITH DAY COOKE * co.
The Sun editorially has the following: "It is
said that the children and other legatees Of the
late Chief Justice Chase will lose all the person
al property bequeathed them by the failure OF
DENIAL.
A dispatch from Philadelphia says that the
report published by the Sun, stating that the
their personal estate by the failure OF Jay
Cooke Is pronounced false. The balance-sheet
Of the Washington firm is exhibited, showing
that the est ate has been settled and nothing
is due.
HITCH In THE GOLD CLEARANcEs.
Several parties are short OF gold and refuse TO
pay per cent. for borrowing, consequently
there is a hitch in the clearance of gold at the
Gold Exchange bank.
NEW YORK, Sept &c, p. m.-Gold is now
11iz.
WALL STREET TODAY.
The situation in Wall street this morning pre-
sents no new features, and business genesally
continues in a state of suspense. Foreign ex-
change has been reduced by bankers 20 1O5x
and 1O6R for long and short sterling, with ac-
tual business as low as l04 y and 105H. The gold
market has been strong and higher, with more
activity. The opening sales were at II u but
proceeded; afterwards advanced to 1l2x. Early
in the day - 3 per cent. was paid for carrying
gold, but later there was activity on borrowing
demand for the came. 1-32 to i per diem was
paid for its use. Very little interest has been
taken in street dealings in stocks thus far To-
day, and the sales, comparatively speaking, are
Insignificant The street cash quotations at
D. m. are as follows IN. Y. Central, $3.50;
Lake Shore, 71a72 Western Union, 55a5s; Wa
bash, 4lai2; Northwestern. 40a43; st. Paul,
29a31; Erie, 49a50; Harlem, 103 bid; Union Pa
cifc, 109a12O; G. 9. and L. O., 109a12l.
Failure Of Baltimore House.
BALTIMORE, Sept 26--William Fisher *
Sons, of 30 South street, leading stock and gold
posting thereon the following card: 'swe have
been forced by the delinquencies of our custo-
mers TO suspend business for the present until
we can collect from our customers what is due
us. We expect to pay every obligation in fun
and only request a short time of indulgence"
Three Chicago Banks Closed.
New York, Sept. Ga special dispatch
from Chicago says the Second and Manutactur-
ers National banks have closed.
Another Chicago special says the Cooke
County National bank has closed.
DEPosIToRs WILL BE MADE SAFE.
CHICAGO, Sept. 26--It is just announced that
the Union National, Manufacturers National
and Second National banks have suspended
A notice on the door of the former says that the
bank has abundant securities but it il COM
PEELED to suspend payment on account of a lack
of currency, until Il Is able to realize. Nothing
has been lost from the failures and the deposit
DISPATCHES PROM THE BEsT-INFoRMED
SOURCES,
received at the Office of the Associated Press in
this city from most of the principal cities ia
Illinois and Iowa, in reference TO the present
financial troubles In the east, concur in saying
that the action of the Chicago banks in fol-
lowing the course of the New York banks, in
srspending payment of large sums of currency,
is almost universally sustained and commended
by the bankers and business men "a wise and
timely, and calculated to arrest the panic aud
pave a way to relief from the present Difficult
ties.
NOT SUSPENDED.
CHICAGO, Sept 26.-The SUSPENSION of the
City National Bank IL contradicted.
LATEST PROM CHICAGO.
CHICAGO, Sept. 26.-The Cook County, the
merce have closed their doors. There was a run
Of an hour on the Corn Exchange Bank, but As
everything was paid the run soon stopped.
Some who drew have returned and deposited
their money again. The bank is considered
very strong. The other national banks are pay
ing regularly. There is considerable excite
ment among the business men, and the grain
Mr.. Coolbaugh, president Of the Union Ma
tional Bank is severely censured by the other
bankers and whole community, as his extreme
CouIsc was DchcNtu " oc WuOlly unnecessary.
Indianapolis Calming Down.
1NDIANAPoLIs, Sept. 26-The financial ex-
element continues, but in a much milder form
han heretofore. The Indianapolis clearing
house, at a meeting this morning, resolved 70
adopt for two DAYS substantially the same plan
adopted in New York, Chicago and Cincinnati
IL is hoped that by that time confidence will be
fully restored. The run still continues on Ritz
fingers bank. The dePositors are mostly Ger
mans, and their claims are being paid in full as
fast as presented. No doubt exists as to the
ability Of the bank to promptly meet all de-
mands.
Tho Suspended Banks I'm Charleston.
CHARLESTON, 8. G., Sept. 26.-The Peoples
Bank Of South Carolina, the Peoples Savings
Bank, and the South Carolina Loan and Trust
Company have suspended currency payments.
The national banks and the other state banks
pay as ususl.
The Situation I'm Savannah.
A PLAN OF RELIEF AGREED UPON.
SAVANNAH, Sept. 26.-The Chamber of Com
merce held an adjourned meeting ct 10 O'Clock
last night to receive the report of the commit
tee, and also reported the following: "Resolved
~ fho 1,ov he opAr <su ho,. 40