Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-27
TELEGRAPH.
SPECIAL DISPATCHES TO THE GAzErTE.]


New York, Sept. 27.-The officers Of the
various banks continue to express great conh-
dence in the strength of their present situation
and ability to come through safely.
The Sun says: I'VE learn from the most
responsible authority that the government yes
tcrday purchased 81 300, 900 exchange OF Lon
don for the current expenses at the Navy De
parmcnt and $780, 900 Tor the State Depart.
lnrnt. The transaction is said to have been
made through private banking house The
government deposited security for the exchange
in the Bank OF Euglaud
DETROIT. Sept. 27.-David Preston l. Co.,
BANKERS, Of this city, resumed business to-day
after suspension OF two days.
TOLEDO, Sept. 1.-The banks Of this city
passed over yesterday in good condition. SIEVE
raj OF them arc stronger than at any time since
the beginning of the run.
The single failure Of the banking house of
kraus Il Smith has had less effect than was
Appreciated.
CLEVELAND, Sept. 27.-There is but little
excitement among business men III financial cir
Giles in this city over the monetary troubles. \
feeling Of confidence prevails, aud there Is
scarcely doubt but that the Cleveland bauk
will get through all right The savings banks
have adopted the sixty days notice plan, mere
ly as IL precautionary measure.
NEW YORK, Sept. 21.-The specie shipments
to EGr0pc to-day amount to $l33, IlI.lI OF
which $3.50: 900 is gold ctln and the remainder
silver bars.
NEW YORK, Sept 27-l0 80 9. m.--Atfairs
arc very quiet this :. N. in Wall street outside
"a.
In stocks there is nothing of any account doing.
Street quotations are: Contra SO asked; OHIO
and Mississippi, 25a2G; Pacific Mail, 2Sa29!;
Western UDon Telegraph, 55a55.
LONDON, Sept. 27.-Ibe steamship Java,
which sailed from Liverpool for New FORK to-
day, took out tjUO. 900 in bullion.
New YORK, Sept. PA petition has been
opened by the brokers requesting the govern
ing committee to open the Stock Exchange
Monday.
CHICAGO, Sept. 21-At meeting Of the
Clearing House Association committee was
Appointed to draft plan for the issue of loan
certificates 10 BE- used in The clearing house IN
the settlement of balances.
MILWAUKEE, Sept. 27.--Thc report that the
banks here have suspended payment Of sums
larger than $4,000 Is Il mistake. No such
action has been taken. The banks are doing
business As usual, except that they have stop
ped advances Oh produce unit! the eastern
banks are ready 70 respond.
BoSToN, Sept. 21.--At a meeting of bank
presidents OIL! this city, held this morning, 1t
was decided TO adopt the New York plan.
New YORK, Sept 81 y special from Lou
lille says II Is reported that all the German
backs have refused to pay currency Tor checks
this morning.
\ Chicago special says that the Third Ma
tiOnal Bank Is reported closed.
Nothing is doing on Change.
PHILADELPHIA, Sept. 2I.- Matters are quiet
on Third street; the scarcity Of currency is the
only trouble Many large manufacturing con-
Germs have with great eXcrtlOns raised sufficient
currency TO pay wages to their employees, while
others have only been able to pay 80 per cent
OF wages due.
NEW York, Sept 27.--The petitioners to
the Governing Committee Of the Stock Elk
change, also ask that they will order the sus-
pension of the rule applying to the closing Of
contracts under the rule for the period of three
DAYS, ordering all parties who have outstanding
contracts with members OF the board to margin
said stocks 20 market prices on Monday, either
By money or satisfactory securities deposited
with the party to whom differences shall be
due.
The Clearing House Committee at meeting
to-day resolved to issue loan certificates to an
Unlimited amount. The bank statement will
not be ready to-day.
New York, Sept 27.-Thc Gold Exchange
bank is all stra ght again, every statement has
been received.
New York, Sept 27.--The Clearing House
Committee hayc decided hereafter not to make
public the amount Of loan certificates issued.
New YORK, Sept. 27.-Street dealings in
stocks were on smaller scale than yesterday,
and very little business was actually done and
prices were pushed down further by the crowd
on Broad street.
The gold market has been active with fire.
uncnl fluctuations in the price At the open
ing sales were made at l4i and later as high
rs llja This was followed by re action to
ll44. This advance was partly due to the
covering short contracts. Many bears being
frightened by the high borrowing rates for
gold, some of the bankers assisted in making
gold scarce in order to run the price up and sell
at the advance The free sale for their ac-
count carried the price down from l5l to
Hi At one time it was reported that the
Government had sold 5000 900 secretly, but
this report could not be authenticated. At the
opening borrowers paid three per cent for the
use CT gold, but the rate soon tell 10 Hat and
still later advanced Lax again.
The Midland Railroad Accident.
New YORK, Sept. 27.-later intelligence
shows that the Injuries received by some OF the
employes on the Midland road In yesterdays