Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-25
TELEGRA
ESPECIAL DISPATCHES TO TIE GAZETTE.l


| DO this as a matter OF prScautlOn. matters III
this city are very quiet, and there seems no
trouble here with any of the other banks
New York, Sept 25.--The morning jour
nails take a very hopeful view Of the financial
situation this morning and it is the general
impression that the panic is over.
NEW YORK, Sept. 25.-Thc members Of
the Jay Cooke firm meet daily, and have de-
cided not to sacrifice their securities in order to
meet obligations, but to await the restoration
Of public confidence.
New YORK, Sept o5-Mr Howes, of
Howcs 4 Macy said yesterday that they had
| been paying out between $50 900 and 100000
day siuce the suspension of Jay Cooke Il Go.
They continued to pay out funds as fast as
called for until their cash balance was exhaust
ed, and they stopped They had not borrow
ed dollar and did not intend to borrow one.
They have the best of securities but do not
propose to sacrifice them at current rates. The
depositors OF the firm are about evenly divided
between the city and country. The cashier Of
the bank through which Howes 4 Macy clear
ed says they have not attempted to overdraw
their account but on the contrary have bal
ancc there. The list of their correspondents
embraces eleven National and State Banks, and
40 private financial institutions
LOUISVILLE, Sept. 25.--Therc is some cx-
ci,emcut here on account Of the depressed con-
dition Of affairs in New York, but the banks
are uniformly in good condition. No alarm
whatever exists among deposltors and there is
no authorization of panic.
SALT LAKE, Sept. 24.---Thc financial crisis
in New York has not affected the situation
here 10 view of possibilities several English
companies have offered assistance
New YORK, Sept. % 1920 a. m.---The
governing committee Of the Stock Exchange
decided not to open the board to-day.
Notice is pasted at the Sub Treasury that
purchases OF bonds at this office are Tor the pre-
sent, suspended" In answer to inquiries the
Sub-Treasure: states he cannot say whether any
purchases will be made to-day until advised
from Washington.
New York, September 25-ll a. m.-Wall
street has resumed something like its normal
appearance. The panic is rapidly subsid-
ing. There have been rumors of suspensions
this morning, but there is 20 truth in them The
Stock Exchange being closed pretty active
business for cash is being transacted on the street
New York, Sept. 25--ll.l5 a. m.-Atfairs
on the street continue quiet. The market
mostly Confines itself to bids and offers trans
actions being few and far between, so far this
morning that no sales are reported. The quo
tations are: Central, bid SO; offered, 90l;
Union Pacific, l9al9!; Lake Shore, 74a76;
Ohio and Mississippi, 27a29 Pacific Mail, 2Sa
30; North Western, 39a40; Rock Island, Sc
blank; Yves ern Union, 5Sa59; Harlem, lO24a
| lO5; Wabash, 39a4l; Hannibal and St. Joseph,
81 blank; G. G. Il j. c., 20 blank.
New York, Sept. 25.-Ihe government
| gold sales advertised by the government will
| not take place to-day. The banks and brokers
keenly complain Of unfounded statements and
often malicious, sent out from the city, by re-
/ l Il Il, j..
sonal injury, but add full to the excitement
SAVANNAH, GA, Sept PA run COM
menced early this morning on the savings de-
partments Of the Savannah Bank and Trust
Company and Southern Bank Of Georgia.
Large crowds are congrcgaed The banks are
| paying dollar for dollar. Business is at u COM
pete standstill for lack of currency.
LONDON, Sept. 25.-The Daily News be-
ievcs that the financial panic in New York will
| lead to the resumption OF specie payment.
The meeting called by Mr.. Watson to con-
slider the affairs of the Erie Railroad Company
took place to-day and was attended by one
thousand persons The meeting is described
as stormy. A resolution thanks to Mr. Wat
son was unanimously adopted The names of
| Bischof1ahcin 4 Henry were greeted with
storm of mingled Kisses and cheers. Mr. Wat.
SOP in the explanation Of the affairs Of the
company said there was some apparent dubl-
BUSINESS about accounts, but he believed they
were correct. They wanted $50, 900 i'm
mediately to finish improvements already CON-
menced and to lay third rail. The meeting
was attended by many Americans
MEMPHIS, Sept. 25 The First National
Bank oil Memphis has suspended
New YORK, Sept. PA Washington spe
cial says Secretary Richardson declines to an
tcipate the 1874 bonds which comes due on
December and January.
LONDON, Sept. 25--Oue hundred and eighty
| five thousand pounds OF bullion was shipped
from Liverpool for New York to-day. The
steamship City of Brussels took el50O00, and
the AdriaLic e35, 900
New York, Sept 25-AIl stocks advised
for sale at auction to. day have been withdrawn.
Three thousand Of prime serlin' sold at l05.
PHILADELPHIA, Sept 25.-Thcre is a more
hopeful feeling among merchants, and the
prices of goods continue very steady. Third
street is quiet. All the National Banks, Say.
| ings Banks, and such of the State Banks as
did not suspend pursue business in the usual
manner. The Board Of Brokers continue in
ReSolre1, That until otherwise ordered, GER
tilted checks or due bills on any of the associat
ed banks will be received in settlement Of con-
tracts between the members Of the Board.
CINCINNATI, Sept. 25.-Thc Cincinnati
Clearing House Association has just adopted
| the following resolution
Resolrcd, That for the protection of our COM
ncrcial interests and for the purpose Of pre-
vcntipg drain of currency from the banks and
bankers Of this city, We do hereby agree to
adopt substantially the plan adopted in New
York, viz They will not pay out currency on
checks except for small sums to be optional
with the banks upon whom they are drawn,
but they will certify checks drawn on balances
in their hands payable through the Clearing
House only.
CHICAGO, Sept. 25-The Clearing House
Association held an important meeting last
night to consider the financial situation. After
an animated discussion, which lasted till near
one clock this morning, the following resolu
ton was adopted:
Resolred, That until further action and in
,-iau of tha 5isturhod rondition of affairs in