The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-09-27
THE FINANCIAL CRISIS
THE SITUATION IN THE PRINCE
PAL CITIES YESTERDAY.
SCENES ON WALL STREET.
GULD SPECULATIONS. 81
Etc, Etc.
NEW YORK.

| NE" LUX, StpleiilUcI EU.-I NcHtS -iOuE
hours notice is to be given before the Stock
| Exchange opens. ,-.-
| The Sun says that Adams's Express Com
panv has carried daily to the interior $780,
600, and the United States Express Company
has been carrying out about $500, daily.
| The scenes on Wall street were much less
excited to-day. The crowd of brokers who
have hitherto blocked up Broad street in
front of the Stock Exchange was much less
this morning, owing to the action Of the po-
| lice captain, who directed his men to dis
perSe all groups which threatened to inter-
fcre with sidewalk traffic. So.
| The brokers By this means were driven in
to the roadway, but they fared no better
there, as the police ordered the trucks to he
driven through the crowd, and so compelled
| the brokers to scatter in all directions.
| The general feeling among them is more
hopeful, though there are many who persist
in regarding the situation in its blaekest as
pect.
There was wild excitement in the gold
room to-day. The gold speculation, which
| begun just before noon. was the feature OF
the day. and at a quarter to l o'clock the
price was 1l23, and at 1 O'Clock heavy sales
| were made at 113S. The great necessity for
; borrowing gold, and the fact that much OF
, the gold on the market was really being
| boarded, created large demand and drew
| the speculative feeling from the street in the
| way of stock, for which there were two sets
Of prices.
The excitement in the Gold-Room was
intense, and in few minutes everybody
seemed wild-prices spreading to 1133. Gold
closed at ia.
WASHINGTON.
WASHINGTON, September 26.-The follow
ing suspensions are announced this morn
ina,: Wooten. Webb & Co., Indianapolis ;
Kraus & Smith, Toledo; Bank of Ansonia,
New Hampshire; FAINT, Washington d Co.,
Washington; the Union National, Manufac-
turers National, and SecondNational banks
of Chicago. and William Fisher & Sons, Bal
timore. The latter complain of de!inquen-
cies, and request short indulgence.
The Star says that at the instance of Pres
| ident Grant, Secretary Richardson has ap-
pointed Jay Cooke, McCulloch & Co., OF
London, the fiscal agents for tine Post Otilee
and State Departments, Uice CleWs, Ha'
betsch & Co., suspended.
The Cabinet session to-day was informal
Only Richardson and Williams were present.
Finances were discussed, and 1t was deter
mined to stand by the results of last nights
consultation at the White House, and take
no further action regarding extra currency
disbursements.
PETERSBURG.
IMPROVED sITUATIoN-COSDITIO OF
BASKS-THE FACTORIES-OTHEE MAT
TIERS.
| correspondence of the Richmond Dispach.1
| PETERSBURG, September 2G, 1873.
To any, tue least obserYant eye, the i'm
proved situation of finances here, and the
heightened tone of public feeling, cannot fli
to be readily manifest. For the first time
since the Black Tuesday. which will ever bt
memorable in our local annals, business Ia;
! day worn really brisk appearance, arc
while money ofcOurSe is scarce, it Is gradual :!
creeping back into circulation, while tht
rigid cash rule which prevailed yesterday
has been happily relaxed in many cases
The meeting of yesterday did something t
accomplish this result, and the discovery
of the favorable condition Of the affairs y
the Peoples Bank did perhaps even more
as it had been feared that every cell
of the funds Of the city had gone to tht
woodbinc. The plan by which it i
hoped TO rec!ify matters and to accomplish
some abatement of the present pressure may
be briefly stated, though the. details will o
course depend on future developments ant
conditions. A gentleman we'll known. il
this city and in Richmond has been recon-
mendcd by Congressman Platt and by al
leading capitalists and merchants here fol
appointment a. receiver. An effort vii
then be madc-and it is only just tc
say that Dir. Patt is eXerting himsel
in this direction with commendabl'
energy and spirit-to make the surviving na
tional bank in this city United States dc
pository, by which the funds of the bank:
| in course of liquidation can he retained here
until from time to time they are divided
among the depostors, instead of their being
removed to the capital. Thus, also, th'
money collected by the United States reve
nue. officers for this district would be re
tanned here instead of being conveyed else
where and deposited in the banks Of othel
cities. .. ....
The banks here that have not suspended
manifest every disposition to accommodate
and their staunchnesS has done much t
allay the excitement.
A meeting of the stockholders of the Citl
Zens Bank was held this afternoon, ut whlcl
the cashier, General ID. a. Weisiger, made
the following statement of the assets and lin
bilities of the institution:
ASSETS. ..