The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1873-10-01
TELEGRAPHIC NEWS.
THE FINANCIAL CRISIS.
NEW YORK

| o..
NEw YORK, September 30.--The Stock Elk.
| change ana vicinity was crowded this morn
| ing The members crowded around the
presidents desk waving their hats and
cheering. The president addressed them
and said: "We are again met, after very
momentous suspension, for the purpose of
resuming business. Your, action in the In.
terim has met with universal appreciation,
and has been most satisfactory TO your
selyes.'' y..1 fnEa - :" si-,.
He said business would be carried on un-
der the rules adopted yesterday by the
Governing Committee, which he read, and
he then appointed committee to settle con-
tracts. sge.s ~. ....'..ta. Ua -.E- ..
In conclusion he added: "Alk I ask now
is that you help each other to bear the bur-
den that has fallen upon us, and to- so con-
duct business as to enable the Exchange to
carry on its work successfully"
| Loud cheering greeted these remauRs, and
the members proceeded with business. A
much better feeling appears to exist, and the
opening Of prices of stocks shows feeling
Of confidence. A.z:.A '.. y. ia
Later.--There is considerable pressure to
sell stocks at decline of one to three per
cent. from the opening prices. Brokers are
| lndisposed to operate for customers on mar
| gins until affairs are more settled.
The resumption Of Smith g. Seaver vas
| received with cheers at the Stock Board. The
impression prevails that all leading houses
| will pull through.
p. M.--The stock market Is still without
excitement, and closes firm. Western Union
quoted at 66s; Rock Island, 81 Lake Shore,
743; Union Pacific, 1875; Pacific Mail, 49,.
1t is stated on the authority Of the clear-
ing-house officials that legal tenders were re-
ceived from the interior country to-day in
considerable amounts.
WASHINGTON.
WASHINGTON, September 3O.-The banks
and banking houses associated to do nothing
more than certify checks do but little bust.
ness, while those not in the association have
largely increased their business, paying all
checks upon them as usual. Among the
latter is G. w. Riggs, who since Saturday
has refused to receive 100000 on deposit,
not caring to enlarge his business and en-
ploy additional clerks.
CINCINNATI.
CINCINNATI, September 30.-In the general
markets better feeling is manifest. Still
but little has as yet been done TO remove the
ders are here, especially for provisions, but
there is very little disposition to move under
existing circumstances. Holders of stock
are generally firm, hoping that something
may soon transpire to set the wheels oil
commerce in motion.
s.rH MEMPHIS.
MEMPHIS, September 3O.-At large meet
inc of the Chamber of Commerce this morn
ing 10 consider the financial situation reso.
luton was received from the banks Of this
city to the effect that they would not sus.
pend, but would open in addition to the
usual business an exchange account to be
paid in kind for the purpose Of moving cot.
ton, which was unanimously adopted by the
chamber. t-....
-a. CHARLESTON.
CHARLESTON, September 30.-The Bank OF
the Union continues the payment of cur
rency. Deposits exceed disbursements.
Three-fourths of the cotton sales to-day were
for greenbacks, instead of exclusively for
sterling as has been the case since the crisis.
..-.f..... LOUISVILLE. , ..s..
LOUISVILLE, September 30.-The savings
banks recently closed have been admitted to
the clearing house, making twenty-one
banks in the Association.
..s :. ENGLAND. =
LONDON, September 30.-The demand for
discounts to-day were active at ) per cent.
Dispatches from Berlin indicate financial
trouble and the possible interference of the
Government Some stocks have fallen 20
per cent ss@A2 ."t ''