Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1873-09-24


Georgia, to Hopkins, Dwight & Trow-
bridge; Deposit Savings Institution, Mo-
bile, to Metropolitan National Bank.
The Brooklyn Banks.
The Brooklyn bank presidents to-desF re-
solved te sell 81 100000 of u. S. securities
in case of emergency. The majority were,
however, of the opinion that there would
be no run upon them. The Evening Post
says: The day closed with an established
improvement in general feeling; one day
more with the Stock Exchange closed, will.
IL is thought, put everybody in such con-
dltlon, SO far as the exercise of reason is
concerned, that 1t will be prudent for the
brokers' TO again resume business.
This afternoon money lent on the streets
at per cent, that rate having been paid
by distressed brokers.
President Rail, OF the Bank of Conn
merce, said this afternoon that confidence
had been very greatly improved and he
thought the action of the Government in
buying 5-20s had been highly beneficial in
loosening greenbacks.
NEW YORK, Sept. 22.-When the doors
ofthe Irving Savings Bank, 90 Warren
street, were opened this morning, q crowd
of depositors rushed in, clamoring for their
money. The paying teller Immediately
set to work to satisfy their demands.
When the majority, however, saw how
willingly money was being paid out, they
became quoted and left. Up to . o'clock
the bank had paid out above $4,000, and
mad received a considerable amount in de-
posits.
Feeling of Relief in New York.
NEW YORK. Sept. 2O.-The feeling
among all classes is one of great relief.
No runs on any of the national or state
banks and the crowds on Wall street are
mainly curious spectators.
There are considerable inquiry for
stocks on Wall street. Investors with
greenbacks in hand are seeking to pur-
chase, but the prohibition of Stock Exs
change drohibits transactions.
Tho Chicago Banks.
CHICAGO, Sept. 22.-There was a consid-
cradle run upon some of the banks here to-
day, but they are adhering to the resolution
adopted yesterday tOfall back upon thirty
and sixty days notice, and only paving
sums of less than one hundred dollars
The largest assemblage appears to be.
gathered at the Statee Savings Institution,
but so far the crowd has been very quiet
and orderly. The latest reports, public and
private from New York appear to have had
the effect to lessen the anxiety.
Chicago Savings Bank.
CHICAGO, Sept. 22.-The Savings Banks
give notice of the enforcement of the sixty
days notice.
MEMPHIS, Sept. 22.--There were eight
cases of yellow fever on Sunday.
Philadelphia Ranks.
PHILADELPHIA, Sept. 22.-The run on
the Savingsl Banks has subsidized.
PHILADELPHIA, Sept 22-There is q
much better feeling on the street to-day.
The Stock Board is firmer. Pennsylvanias
are holding ground at 40 to 50. A bank
statement will be out as usual to-day and
Will show gratifying exhibit
The Situation in London.
LONDON, Sept. Do p. M.-Much ex-
cltement is manifested on all sides to hear
further news from New York
Jay Cooke, McCulloch d Co. continue
to pay cash in the usual manner over their
counter.
Among the runlOrs current in Stock EX-
change is one that the Bank of England
holds 100000 of Jay Cooke Co.'s accept
ances and that Rothschilds have 100000
of the same paper.
LONDON, Sept. 22-6:30 p. MA dispatch
the closing of the New York
Gold Exchanged has just been bulletined.
This news is accepted as an indication of
the gravity of the financial situation and
the market for American securities is
again depressed.