Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-23
KILOGRAMS TO THE STAR
This .anernOon's Dispatches.
Associated Press Reports
THE PANIC OVER.
END OF THE FINANCIAL FURRY.
WALL STREET RECOVERING.
THE SITUATION TO-DAY.
The New York stock Exchange Closed.
but the Gold Exchange open.
THE PANIC OVER.
WALL STREET RECOVERING.
Street Sales Of stocks.

SUBSlDENCE OF THE PANIC.
NEW YORK, Sept. 23.-The presidents of near
ly all the prominent banks express the opinion
that the crisis is over, and that the government
has probably done the best that it could under
the circumstances. Several of the banks have
ceased dscounting and many refuse to receive
checks as cash, but only for prudential reasons.
All the morning journals unite in expressing
the opinion that the panic is over. The Board
OF Aldermen have decide not TO hold the spe
cial meeting called for to-day to take action on
the financial situation.
THE RUN ON THE UNION DIME SAVINGS BANK.
Quite number of people have congregated
on the steps of the Union dime savings bank
on Canal street, waiting for the opening of the
doors.
PRUDENT ACTION OF GEN. HILLHousR.
General Hillhouse yesterday declined to give
the names of the sellers of bonds to the govern
ment, on the ground that Suspicion mi ght be
directed against the solvency of those who
rushed into the market to realize. Some sellers
were connected with savings banks. General
Hillhouse has not been authorized to buy bonds
of 'Sl, as the President did not believe he had a
legal right to take up bonds not yet due.
THE STOCK EXCHANGE STILL CLOSED.
ing committee of the stock exchange decided
not TO open the exchange to-day. The COM
mittee will meet again tomorrow at $50 a. m.
Gold opened at III.
CARLTON, THE DEFAULTER-Hrs FATHER SAYS
HE Is INSANE.
Rev. DIR. Carlton, father of the defaulting
secretary OF the Union Trust Company, who
was In the Office of the company when his son
took his final departure, on Thursday, says he
seemed to be nervous and excited, and when
not signing checks he conversed with tears roll
ing down his cheeks. His father ascribed this
condition to grief at the loss of his wife, who
died recently. just before noon he said he had
TO go out, and took his hat and left, since which
time he has not been seen. Ii is the opinion of
DR.. Carlton that his son has been crazy since
the loss of his wife. It is said that the Trust
company has made no effort to secure the arrest
OF Carlton. 1t is understood that his friends are
aware of his whereabouts.
STREET MARKET FOR STOCKS.
NEW YORK, Sept. %, 10.45 a. m.-The excite
ment on the street seems to be wearing itself
out, and better feeling exists. Brokers have
congregated in front of the stock exchange and
formed a street market, all sales being for cash.
Central, 91s92 bid; Harlem, los bid and ITO Of
fered; Lake Shore, 50 bid; Wabash, so bid; Rock
Island, So bid; st. Paul, IS bid; Ohio and Mis-
sissippi, 30 bid; Union Pacific, 2Ia23 bid; Han
nibal and st. Joe, 20 bid; Western Union, IS bid
20 offered; Pacific mail, "a 4 a36 bid.
The Union Trust company are still preparing
then statement, which they expect to make
public late in the day.
TWO MILLION BONDS
have been bought at the sub-Treasury.
NOON QUOTATIONS..
NEW YoEK, Sept. %, noon.-Street quota
tions: Ohio, 80 bid; Wabash, IS bid; st. Paul,
sc bid; Central, 80; Lake Shore, 81 bid
HEAVY PURCHASES OF BONDS By THE Gov
EMINENT.
NEW YORK, Sept e, II m,-The sub-treasu-
rer has purchased ss,169, 100 bonds to this hour,
including Saturday and yesterday.
A PETITION
was filed with the clerk in bankruptcy of the
United States District Court to-day to nave the
tary bankrupt. The papers were forwarded to
Judge Blatchford who is at Newport. The petit
ton is hled by depositors, but their names could
not be ascertained.
Exhaustion after the Battle.
NAV YORK, Sept. 3, p. m.-There is but
little more than the usual number OF people in
the lower streets Of the city beyond the small
gatherings about the Stock Exchange who are
pickering in stocks. The financial center pre-
sents the appearance Of exhaustion and LASH
tude after great struggle. There is no desire
manifested TO have the Stock Exchange reopen,
except by those wanting to purchase for in
vestment, and brokers generally would like to
have it continue closed during the remainder of
the week. The general remark among them is
that this disaster viii materially thin out the
number Of brokers, as was the case with Black
Friday, thus making more business for those re-
keeps is doors closed The rum on the FOURTH
National has ceased. There are runs of more
or less importance on the savings banks The
appearance Of crowds indicate that the runners
are laboring men and working women who have
become heightened. 1t Is believed their conf
dence will be restored by the promptness with
which their money is handed them, and the run
VIII cease to-day or by TO- morrow at the latest
RELIEF MEASURES.
NEW YORK, Sept %, 100 p. m.-sl, 500 900 of
loan cernhcates have been issued by the clear
bonds have been purchased by the sub-treas.
urer up to this hour. It Is probable that the
whole ten millions of loan certificates win be
taken up, and the clearing house association
will Increase the amount.
AUGUST sCHELL,
vice president Of the Union Trust COMPANY,
ofhcially denies that petition was filed in the
United states District Court to have the COM
pany adjudicafed an involuntary bankrupt.
THE CLEARANCEs
OF gold exchange banks are completed, and
balances will be paid as usual.
THE GOLD ROOM
opened for business this morning, with sales at
u, Afterwards advanced to 12K, but later de-
clined to 11x. The rates paid for carrying we're
to per cent. and fat, to 1-64 for borrowing.
Foreign exchange was weak, leading bankers
having reduced their rates from 1osK to IOsY
for long and short sterling.
There Is little or nothing doing In money.
The savings banks are making money Inv fSe
run, as the scared depositors who Withdraw lose
their interest since August. WV
suspensfOn Of Clevs A. Co
NEW YORK, Sept 23.-Henry Clews g. IA
have suspended. S"s ~ TO-
A Better Feeling Abroad Tn
Lospon, sept. q, 1890 p. m-The news inst
s AZ IRON america relative to the Condition
81 financial AFFAIRS In New York canses hesser
an