The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-26

EXCITEMENT AND SUSPENSIONS AT MEM
MEMPHIS, Sept. 25.-There Is great ex'
citement in this city on account OF the
suspension Of banks, caused by their In.
ability to realize on securities in New
York. The following named banks have
closed up to-day: First National Bank
De Soto Bank. It Is reported that the
Freedmen's Savings Bank and Trust Co
have heavy run. 1t is expected that all
will resume after the panic subsidies. The
excitement at present is intense.
PAYMENT OF JANUARY INTEREST NOT TC
DE ANTICIPATED.
NEW YORK, Sept. 25.-Secretary Rich
ardson declines to anticipate the payment
Of the interest on bonds due December
and January next.
sHpMRNT OF GOLD FROM ENGLAND.
LONDON, Sept. .25.-0ne hundred and
eighty-flve thousand pounds bullion was
shipped from Liverpool for New York TO-
day. The daily Neies believes the fnan-
cial panic in New York will possibly lead
TO resumption Of specie payment.
The meeting called by President Wat
son to consider the affairs Of the Erie
Railroad Company took place to-day and
was attended by thousands Of persons,
many Americans being present. The
meeting Is described as having been
stormy. Resolutions oi thanks to Wat
son were adopted, and the names Of Bis
chofisheim and Henry were greeted with
0 stream Of mingled Kisses and cheers
Watson, In explanation Of the affairs OF
the Company, said there was some ap-
parent dubiousness about Its accounts, but
he believed they were correct; and that
they wanted $S0000,000 Immediately to
finish the improvements already COM
menced and lay the third rail.
RUN ON BANKS AT sAvANNAH.
SAVANNAH, Sept. ga run com.
menced this morning on the savings de.
partment Of the Savannah Bank and Trust
Company and the Southern Bank Of
Georgia. Large crowds are congregated,
and the banks are paying dollar for dol;
lar. Business Is at complete stand still
for the want Of currency. s5 n.y. ~ ..
WASHINGTON SAVINGS BANKS.
WASHINGTON, Sept. 25.-The Washing
ton City Savings Bank announces that 1t
will require sixty days notice for the pay.
ment OF deposits in accordance with the
provision 10 It's charter. u '.-'s7 y ~
The Navy Department Is paying all OF
It's employees to-day In. anticipation OF the
usual pay day, in order 10 lessen the
stringency Of the money market cansed by
the scarcity ofcurrency.
, THE sToPPAGE OF BOND PURCHASES.
New YORK, Sept. 25.-The stocks ad-
vertised for sale at auction to-day have
been withdrawn. '- t...'0I' '.' 2'.y
The Eapress says: "sThe announce.
ment that the government has stopped
buying bonds caused deep disappointment
to-day. No little indignation was ey-
pressed against Secretary Richardson Tor
his decision. Yesterday reports were
current that the government would stop
buying, and we were induced by the
Treasury Office to denounce the report as
20 y y &C.
The advance in the Bank Of England
rate to per cent Is the natural result Of
the shipment Of gold this morning.
GOLD AND STOCKS. -s
Gold opened firm at 111s owing to the
the advance on the Bank OF England rate,
but afterwards declined to 1l1t, and still
later rallied to I'LL, when 1t was an
nounced from Washington that bonds OF
1874 would not be anticipated by the
Treasury. The rates paid Tor carrying
ranged from fiat to 6 per cent.
The crowd in Broad street shows q
material decrease, and few transactions
in stock have been consummated. Prices
are marked up and down, according to
the views Of parties, and no fair quota
tions can be obtained. The prices are
as nearly as possible to these, current:
New York Central, 89a9l; Cleveland, Go.
lumbus & Indiana Central, 2la2l; Union
Pacific, 10a20; Lake Shore, 74a75; Ohio &
Mississippi, 22a2S; Pacific Mail 29a30;
Northwestern, s9a4l; Rock Island, s5a
s5; Western Union Telegraph, 56a5S;
Harlem 1O5, blank; Wabash, 39a4e.,
The governing committee OF the Stock
Exchange will meetat 7P.M. ~
sTRINGENcy AT CHARLESTON, 8. G, INTER.
u.f FERING WITH TRADE.
CHARLEsroN, s. G., Sept; 25.-Money
Is so stringent here thatno obligations
are contracted, and all business Is limited
in amount. There Is some demand for
cotton at low figures, but there is Difficult.
ty in negotiating. Exchange stops sales,
and relief from that source Is slow in
coming In: Factors would at the moment
accept low rates for most articles Of pro-
duce. Paper falling due is renewed In
full, or with small credit on account.
Creditors are disposed to be indulgent.
No failures have been reported. The
banks pay checks as usual, and there has
not been the first symptom of arun.
MORE HOPEFUL FEELNa IN PHrLADEI-
s'r PHIA. 50
Pn1IADRLpHrA, Sept. ga more
hopeful feeling exists among the mer.
chants, and the prices Of goods continue
very steady. Third street IS quiet. All
the National Banks. Savings Banks, and
such OF the State Banks as did not sus-.
pend continue business in the usual man.
ner.
The Board Of Brokers has adopted a
resolution that until otherwise ordered
certified checks or due bills In any Of the
associated banks will be received in settle.
ment Of contracts between; members Of
the Board. D: d T. ~. H..
suaGEsTIoNFRoM SECRETARY RICHARD
SON.
NEW YORK, Sept. GA Washington
dispatch says Secretary Richardson has
stated that 1t would be good policy for
all banks TO suspend further currency pay.
ments.
EXTRA SESSION OF CONGRESS.
1t Is rumored that the President has
been advised to call an extra session ol
Congress.
THE COMMERCIAL ToNE IN CINCINNATI.
CINCINNATI, Sept. 25-The market fol
nvarpfhinH ihia mnrninn ia anfiralY nnIni-