New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-10-02
EY Ell E APH
FINANCIAL.
New l0rk.

New 1Ork.
New YORK, October 1.-The feeling in
financial cltcles to-day was very quiet. with
an entire absence of any exciting event.
The firm of Northrup Il Chick sus.
pended thi. afternoon, but the failure had
10 influence on the Stock Exchange. as the
+ I'm had no stocks. Their suspension was
caused by the withdrawal of deposits.
There was another sharp advance in Tor.
eign exchange to-day, and leading bankers
advanced their rates TO 10. = for sixty days
sterling and 1893 tor sight
The suspension o! Henry Ciews s. Co.
was officially auneunced in the Stock EX.
change today.
Bank officers report 'ha. the demand for
currency to be sent to country banks has
fallen OFT. Several banks out of town tel..
graphed early thi. morning to stop further
shipments and some Others have returned
greenbacks TO New York.
The total amount paid out on account Of
November interest is $2,9o4, ,574.
The Grant locomotive work., OF Paterson,
have discharged 7e men. The Delaware
tunnel discharged 400. Cause. scarcity of
currency.
The Cumming, Car Company, of Jersey
City. has suspended. The trouble is the
large amour. due from railroad companies
which can not be collected.
A visit 70 the different saving banks in
this city to-day show that all fears on the
part o. depo.itors have vanished and a
large numbers who drew money from them
last week have returned it. There is about
Sl3 00o.o0o in greenbacFs in the vaults.
which. when any signs of any run are
passed. vii! be distributed through other
channels.
Washington.
~ - ~
situation closed yesterday without any new
features.
The liquidation Of the Union National
Bank OF Chicago had rather depressing
effect. but caused no eXcit ement.
Much anxiety exists. all looking on New
York for the solution of the difficulty.
The financial situation here is improving,
and to-day there is no indication OF any e1.
citement concerning the banks in business
quarters.
Chicago.
CHICAGO. Ootoher 1.-The financial situe
ton here this morning presents much
ceipts OF currency continue large. $3,0O0.0 900
being reported yesterday. while the de.
mands upon deposits are falling off: in fact.
some banks have already begun 70 furnish
their customers with the usual accOmmOda.
tOns. The prospec. i. that it will not be
long before business. will resume its wOnted
channels
1t is stated that the Third National Bank
viii! resume business in a few days. proba.
bly, by :he beginning Of next week.
Settlements at the Clearing House were
walls on Change.
LouisviiIc.
LOUISVILLE. October lit i. repsrtei
-, Aaua,al l,a apl- kavono;nos fn ba
ing House Association. established few
days ago, are Withdrawing from that Organ-
izatIoC.
At meeting of the Clearin: House Asso.
ciatiOn tonight. with common assent. the
association dissolved through lack of co.
operation.
The Bank Of Kentucky announces that it
vii. pay all checks on demand as heretofore.
Today the Planters Bank. Peoples Bank
and Louisville City National Bank with.
drew from the Clearing House Association.
These banks have been doing business as
usual through the panic. paying all checks
presented. and they will continue to do so.
They withdrew from the association on the
ground tha. DO necessity exists tor the com.
b.nat.on.
philadelphia.
PH:iADEL?HIs. October I'm tie United
States C!rcui, Court. before Judge Cadwai.
laIer. az. order granted last week upon the
pc. .ition %. Edward Wilson against Jay
Cooke Il Co.. TO show why they should not
be ad.udlcated tankrupts. which was to
nave been returned to-day. was continued
u1tii mex. week at the request of the debt.
%. and by consent of the petitioners.
Cincinnati.
C:ScISSATi. October l.-Matters are pro.
crossing quietly. There is a move in job.
hing orders hut little llSDOsition TO ODerats
on the usual large scale.
There has been no day since the financial
assumed very serious aspect
"u which SO much hopetulness has existed
mere as to-day. II was apparent at the
opening Of Change, and manifested itself
- the close.
The General markets gave evidence Of re.
turning yigor. and though business was
mainly confined to iobbng sa les. it was of
sUch q nature as to show considerable re.
yivai D: confidence. With the banks and
bankers Il probably has been the quietest
day :oc ten days. The improved tone was
the common remark throughout the day.
: IL. .cedN!e feature was an increase in
the amount o. money OF the street. much
OF which was placed at decidedly lower
rates :han Yesterday. With the returning
confidence Is also appearing in many quar-.
fer. q desire for New York 70 designate at
the ea:iies: possible period some day fox
currency resumption in that city.
Memphis.
MEMPHIS. Octobe. 1.-The First National
Bank Ieopeas tor business to-day.
IoSpo*. October i.-Dnc hundred and
forty nlnr thousand pounds sterling were
from the Bank of England on
balance to-day for shipment.