Wilmington daily commercial., 1873-09-20
SECOND EDITION.
THE FINANCIAL TROUBLES.
Situation in Philadelphia
QUIET AGAIN RESTORED
More Suspensions in Row YORK.

PHILADELPHIA Sept. 20.
Third street is comparatively quiet, this morn
ing.
The run on the Fidelity Trust Co. has almost
entirely subsided.
The Union Banking Company at Fourth and
Chestnut, did not open, to-day, but placed a
placard on the door which stated that, owing to
heavy demands, a suspension Of few days had
bsen resolved on. Il suetained heavy run, yes
terdsy, paying out about ssven hundred thou
sand dollars. 1t is State Institution issuing no
notes, and the suspension only affects depositors
At Jay Cooke & Co.'s bank, tmatters are pro
crossing quietly.
The clerks are busy in preparing statement
which will be laid before meeting of the mem
bers of the firm, but this cannot take place uu
til after the arrival of the steamer Russia on
board of which two members of the firm are
passengers. The Russia izexpected to .Srrive
on Monday.
SECOND DIsPAToH-MoRE susPENsIoNs IN NEW
YORK.
Nsw YORK, Sept. 20.
The Union Trust COMPANY has suspended un-
til Monday, on account of money out on call
loans not having been paid 10.
White and Co., also suspended.
Stocks opened little better, but declined
q gain on the announcement of above suspen-
siona.
THIRD pEsPAfcu.
New York. Sept 20.
Edward Haight & Co. have suspended. The
extensive leather firm of Horace Carr Son, of
Woodbury., Mass. has suspended with liabilities
of $1OO, 900, and assets $4,000. The senior
partner has disappeared.
FoUarH DISPATCH.
New YoRk Sept ~.
have suspended,
Nothing is doing in Govsrnment securities AMI
stocks are feverish.
Saxo and Rogers have suspended.
The National Bank of the Commonwealth has
suspend ID aud there il q rumored dsfalcation in
the Union Trust 10.
F1uTH DEsPAToH-sALEs OF STOCK FORBIDDEN.
NEW YORK, Sept 90.
The President Of the Stock Exchange has for
hidden outside sales by members Of the Board
on the penalty of expulsion.
Proposals to sell bonds to the government
aggreated two Million six hundred Thousand
dollars, at 109 to 112.
1t is impossible to give stock quotations.
SIX rH DIsPAToH-rHE STOCK EXCHANGE CLOSED
MORE FAILURES.
NEW YORK, Sept 20,
The Stock Exchange was closed at noon by
order of the President Of the Board to avoid any
further panic.
Six additional broker firms are announced as
suspended. ...
Stocks opened at an advance but fell from
to 25 per cent, on bank failures b,ing announc-
ed,
SEVENTH DIsPATeH-PHnADELPHIA STOCKS Excl
PHILADELPHIA, Sept. 20.
Philadelphia Stocks are excited. Penna. 6's
are quoted at 1906 Reading, 99i Penna. R. II. 81
gold, Ill.
EIGHTH DIsPATcH-MoRE BANKS AFFECTED.
New YORK, Sept, 90.
The National Trust Company is closed, and
the clearing house have thrown out certified
checks OF the Continental Bank and, Merchants
banking Association.
NINTH DIsPATcH--THE UNION TRUST co.'s DEFAL-
CATION.
NEW YORK, Sept. 20.
The run on the 4th National Bank continues,
but the institution still holds out Notice has
been given that no general clearance can be ex-
pected to day, dealers finding it impossible to
get checks certified in proper manner.
The Bank of North America has suspended at
Albany.
The defalcation in the Union Trust Company
amounts to half million.
At Albany, squires & Sons Banking house has
failed.
TENTH DIsPAToH-No MORE FAILURES IN PHILA-
DELPHIA.
PHILADELPHIA, Sept. 20.
There have been 20 futher failures here.
ELEVENTH DIsPATcH-oooKs LONDON HOUSE.
LONDON, Sept. 20.
Cooks banking house continues to meet all its
demand.