Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-09-28

the Mined Commis~ion-Improv
ment In the Sit zation-Rs ilroad
Disaasr.
Me- YoEK. Sept. 2s.
Ths general feeling il financial circles
las decidedly improved. The days
record Gloss with sons confidence in
the be.is. TIA. the bottom Of the panic
has been reached in this city, and that
there is a fair prospect that when the
Stock Exchange is opened there vii
Be little left to arrange in the way Of
.et,lsrnen, betTeen the brokers, 80 that
there vili BE- 10 rev failures to AL
E no7nce.
There WEs an extraordinary excite
usn. in the gold market to-day. which at
one tine threatened a disastrous result
T Il appears Mat Eincs the announcement
[ that gold has been shipped from Eng
land, dealers have been selling gold to
arrive in the same way that cotton, corn
ard osheF produce IS sold to arrive.
This proceeding created an extensive
short interes. in the market, and at ]
( o'c,ock gold became 50 scarce that one
f half per cent. vas asked !or the use o.
Z gold, and at one tine one per cent. was
I bid. Then came the news that there
would be trouble in clearing gold at the
Gold Exchange Bank. On inquiry, it
Vas found that tEo dealers were behind
hand With thsir statements, and did not
care about paying high loan rate
I for the use Of coin with which 10 clear.
The temper Of the market at this time
was such that IL a clearance had not been
made q new panic would have resulted.
Officers of the Gold Exchange Bank did
their best to secure clearing and finally
succeeded. Then shorts began to cover
in confusion. The market was very e.
cited, and the price moved up to Az
against NJ at the opening.
The announcement Of the suspension
Of four Chicago banks created tempo
rary depression, but the press dispatches,
reassuring in tone, soon restored conf.
dence
Leading members Of Produce Exchange
were interviewed to-day, with the follow
ing result: No very bad effect has ye
extended to the flour trade, and DEALER
] have every confidence that their bushes
is to suffer no serious injury. They ar
running slowly and carefully, and ar
> taking wise precaution agaist disaster
P Fortunately stocks are moderate for tn
= season, and receivers are not pressin
l. sales. Shipping grades have declined .
u cents and family grades 25 cents per bal
$ rel. The feelingof grain men is ikevis
y reassuring. There are croakers, c
II course, and there are few who hay
u more reason than others to apprehen
n difficulty because they have more o
their hands than they can carry long, br
10 the common sentiment is, that notwitl
standing grain has to stand the brunt {
re the trouble in the commercial world. it
+ the most solid and substantial in Ii
e. whole country. Considerable grain WI
purchased to-day for the steamer sailin
N tomorrow.
.. Over twelve million dollars worth I
bonds having been purchased by th
y :. Treasury Department since the con
70 menoement Of the panic, tho annu
10 saving Of interest to the Government wi
,e be about $3.50, 600 gold. ms.
10 NEW YORK, Sept. 81.
\ Gold opened at Az. Affairs are qui
q. in Wall street outside Of gold specul
a. ton, which is rather excited. In stool
there is little doing.
= A petition Is in circulation for signs
is lures by brokers requesting the Cover
sr ing Committee to open the Stock E,
20 change on Monday
BosTos, Sept. 81.
"A The Bank Presidents OF this eli
M have decided to make small current
q. the only payments, and to Issue ten mi
~ lions OF loan certificates.
err BosToS, Sept. "a.
ar A special to the Journal from Newpo
of says the Mixed Commission on BIRTHS
70 and American claims made final aware
ma and concluded its business one day
,,e advance Of the time fixed by treaty.
Ia brief, tho result Of the inquiry is tn
90 the nited States Government pays
IL. the English sufferers by our late war tv
per cent. Of their claims, amounting
s1.929.sl9. while American clair
z. against England are all dissllowed.
n NEW YORK, Sept. a.
mt The Times financial article todd
nix states that for the first time since Il
ice panic set in, prime merchant paper OF
he side Of bank has been negotiated ct IL
D. 10 per cent, and considerable amou
nix Of short produce bills from the West b
Tor been discounted at bank. Mutual sett
Ks ments Of Stock Exchange contracts ha
cts proceeded 80 far that it Is believed I
as Exchange will be reopened at an ear
be day. A number Of banks have 80 far
by considered their purpose to use gree
lat backs or bank notes for moderate chez
on that they are now accommodating de,
in ers, and an uptown bank officer beliey
g. there will be no difficulty in furnishil
Id notes for the payment Of laborers to-da
H. Some prominent fnanciers met ID
evening in the rooms Of the Mercanti
Library Association, and after consult
he ton relative to present financial d