New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-01
BY TEL E.G R RAPH
FINANCIAL.
New York.

New York.
NEW YORK. September 30.-The customs
receipts nave diminished one half since the
panic.
Henry J. Brooks. !eathe. merchant. has
failed.
Tie Stock Exchange and vicinity is
crowded. The members tioeked around the
presidents desk. waving theiy hats and
cheering. The PRESIDENT said:
We are met AGAIN after very moment.
ous suspension f0r the purpose OF resuming
business. Your action i'll :he interim has
NE: with uaiveGsa! appreciation. and has
been mos. satisfactory to yourselves"
Business. ne said. would he carried on
under the rules adopted yesterday by the
governing cen nrlittes. which he read. and
appointed committee TO settle the con.
tracts of Gelanltng parties
In conclusion. ne added: 'Ail ask now
is that you help each Otner TO bear the
burden that hae fallen upon us, and to so
conduct business as 20 enable the Exchange
TO carry on its work successfully
Loud cheering greeted these remarks, and
the mem bers proceeded with business. A
much better feeling appears to exist. and
the opening prices OF stocks show a feeling
OF confidence.
Later. - Considerable pressure 70 sell.
Stocks have declined to per cent from
opening prices. Brokers are inaisposed 20
operate Ior customers On margins until
affairs are more settled.
The impression prevails tha: all the lead.
ing houses will pull through.
Sterling unsettled but improved.
3P M.-Stock market still without ex.
element and closes firm. Western Union
Telegraph quoted az G6l2; Rock Island 81;
Lake Shore .il,; UuIOn Pacific 1875: Pacific
Mail 3f3.
Application was made in the United
States Circuit Court to-day for an Orser en-
Joining the Controller Of the Currency and
the receiver OF the Bank OF the Common.
wealth from proceeding further in the mat
ters OF that bank: also for citation 70 shcw
cause why the receive,shlp should not be
vacated and the appointment declared null
ana void. on The ground that the bank
never refused 70 redeem any of its eircu-
lating notes. The citation was granted, and
made ,eturnaole Octoher7.
II is stated, on the authority Of Clear.
ing House official, that legal tenders were
received from the interior OF the country
to-day in considerable amounts.
The subcommittee Of the Stock Exchange
reports that it has examined everything
laid before it, and says that thero is not
single delinquent.
Washington.
WASHINGTON, September 30-The banks
and banking houses associated 20 do
nothing more than certify checks do but
little business, while those not in the asso-
citation have largely increased their bus-
ness, paying all checks upon them as usual.
Among the latter is &. w. Riggs, who, since
Saturday. has refused 70 receive 100000
on deposit, not caring to enlarge his bUs-
ness and employs additional clerks.
1Iemphfs.
MEMPHIS, September 3O--At q large
m ~ a thG Chan, has Of A'nmypar bYu
morning to consider the financial situation.
I. resolution from the banks of this city
was received 70 the effect that they would
not suspend, but would open, in addition to
the usual business. an exchange account. to
be paid in kind, fer the purpose of moving
cotton, which was unanimously adopted by
the chamber.
The most responsible merchants Of this
city have subscribed and paid in s320.0 600
TO the First National Bank, which will en-.
able it to pay ali liabilities, and yesu,ue
business Is once.
Charleston.
CHARLESTON, Septembev 30--The Bank
OF the Union continues the payment of cur
rency. The deposits exceed the disburse.
ments three-fOurths.
There were cotton sales today for green.
backs, instead OF exclusively for sterling,
as has been the case since the crisis.
LeavenwOrth.
LEAvESwORTH. September 3O.-Indigna.
ton exists among the stockholders and de.
positors of the First Nationa! Bank of this
city in consequence of the vice president
ordering the bank TO suspend and at the
same time drawing from the bank nearly
100000 in currency to sustain the credit
of Scott Il Co. brokers. of which firm Vice
President Lyman Scott is partner.
st. Louis.
ST. LOUIS, September 30.--The financial
is apparently quiet with the banks. They
still pursue the policy first marked out, and
nothing has occurred TO produce jar or
discOrd.
The announcement that the Union Ma.
tional Bank of Chicag" had gone into liaui-
dation caused a profound sensation on
Change, and u depres sed feeling followed,
hut no excitement occurred. There is,
however. still much apprehension for the
future in commercial circles: but. if things
work out well in New York. it il ,hs gen
erai belief here that business will revive
and 70 more disasters occur.
Richmond.
RIcuMoSD. Va, September &c. c.--The Bank
of Commerce was organized today by
Isaacs, Taylor l. Williams. private bank
ers, who suspended last week. The full
OF the capital was subscribed, and
the bank will commence business =. once.
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