Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-30

CHARLOTTESVILLE, September 29. In
consequence OF the money crisis the
University OfVirginia has made arrange
ments for credit TO all students tenn
porarily embarrassed.
BOSTON, MASS.
BosroN, September s9.-Ths officers
of the Boston and ChArlestown savings
bank have resolved to require notice Of
the withdrawal of depositors, and for
the present viii only pay drafts fot
small amounts.
READING, PENN.
READING, September 29.-Business in
this city is progressing quietly and the
banks are promptly meeting all de.
mands. Father Boseman, yesterday
announced at st. Paul1s Catholic church,
that If his heirs had money in bank and
doubted its safety, he would guarantee
its payment.
CHARLESTON, s. c.
CHARLESTON, September 29.-At the
meeting Of the chamber of commerce
this morning, being tne largest assem-
blage OF bankers and business men in
Charleston Ia many years, the follow
ing resolution was unanimously adopted.
ResOlUed, That the president be in
structed to prepare a memorial to the
President Of the United States and the
secretary of the treasury praying that
the secretary place and maintain on de-
pOsit with the assistant-treasurer st
Charleston five hundred thousand dol
lars, to be used by him in the purchase
from the banks OF exchange on New
York, and that such a memorial be for
warded at once to Washington in the
name of the chamber Of commerce of
Charleston.
CHARLOTTE, N. C.
CHARLOTTE, September 29.-The
panic has had but little il any effect
here. All the banks-State and nation
al-Hre open as usual, and loaning mer-
chants money to buy cotton. There is
no disposition to Withdraw deposits; on
the contrary, the people are sustaining
the banks with large deposits.
CONCORD, n. H,
CONCORD, September 29.-The banks
of this city have adopted the course
taken by the banks in other places, and
will pay currency only in small amounts
for the accommodation Of local business.
There is no apprehension Of serious en-
barrassment.
CHICAGO, ILL.
CHICAGO, September 29.-The finan-
cisl prospect in this city is decidedly
brighter, and although there are still
some who are not so hopeful, the gene
al feeling is unquestionably cheerful
and confident. The Union national.
Cook county national, and National
Bank Of Commerce banks opened their
doors and resumed business at the usual
hour this morning, and although they
have paid considerable money, there has
been nothing that could be called run
upon either of them, while there has
been considerable deposits made. The
influx Of currency nom New York and
from the country continues to be large,
not less than three millions having been
received during Saturday and Sunday.
or this incoming currency a good pro-
portion goes directly into the banks, the
rest into the hands of commission mer-
chants for the purchase of grain by
outside parties, but it all tends
to relieve the present stringency.
So far as can be learned there
is no urgent demand from country
banks upon their correspondents. Here
and in all quarters confidence appears
to be returning. This view Of the situa-
ton is based upon interviews with a
number Of prominent bankers and busI-
ness men.
JEFFERSoNVILLE, IND.
JEFFERsoNvILLE, September 90. =
The First national bank of this city
opened an hour later than usual and de-
clined to pay checks, except for small
amounts, on account OF the scarcity Of
currency. The Citizens national bank
is meeting all demands made upon it.
II is reported that the Ohio Falls car and
locomotive company will suspend all
operations at that mammoth concern,
thereby throwing seven hundred men
out Of employment.
SALT LAKE, UTAH.
SALT LAKE, September 30. - The
financial situation has greatly improved,
the feeling OF panic having completely
subsided. A few certificates from the
mining camps and some accounts have
been presented and paid by the banks
and banking houses. Bankers are per-
fectly confident OF meeting every liabil-
ity. The First national bank, which
suspended on Saturday, is Strengthening
its resources, and will undoubtedly re-
sumo in few days. The national bank
examiner, n. P. LangfOrd, Of the Ps-
cific coast, is here, examining the af-
fairs of the banks. II. Wadsworth has
become agent for Wells, Fargo & Co.
The tightness in the money market is
likely to cripple business in bullion and
ores for weeks, compelling the suspen-
sion Of smelters.
LOUISVILLE, KY.
LOUISVILLE, September 29.-The Ger
man banks this evening, number of
which closed their doors on Saturday
morning, made application for member
ship in the clearinghouse and were re-
eeived. Two other banks were also ad-
mitted, making twenty-one in all. The
banks are paying out a limited amount
Of currency to-day, and merchants are
generally satisfied with the certified
check basis. Manufacturers anticipated
trouble in getting funds TO pay Off hands,
but the banks have pledged themselves
to look after their interests as far as pos
sible. 1t is generally believed that the
pressure will be Of short duration.
PITTsBURG PA.
PITTsBURG, September 29.-The f.
nancial outlook in Pittsbury is brighter
than it has been at any time during the
recent panic. Confidence seems fully
restored, and business is being transact
ed as usual. a full meeting of the
clearinghouse association was held
this morning, to consult on the present
monetary situation. 1t was resolved
that in view of the Frightening pros
poets, no change was required in the
manner Of conducting the business of
the banks and the clearinghouse. The
Lawrence savings bank commenced
paying its checks to-day.
ST. LOUIS, MO.
ST. LOUIS, September 29.-The finan-
eial situation has been very quiet to-
day, and much more confident feeling
has been manifested in nearly all
circles. There ia a great lack of cur
rency with which to transact business,
aud discounting is quite limited, but
banks are mostly paying checks in
kind and there is decidedly more tran
quill and hopeful tone. On 'chsnge
there was a more buoyant spirit; al
though the volume Of business was not
large, there was more disposition to
operate, and nearly all kinds of grain
advanced In price. There is still more
currency coming 10 the city than is
sent out, and if the banks would dis
count more freely and advance on con-
signments, business will rapidly revive
snd evidence of the panic soon disap-
pear.
CINCINNATI, OHIO.
CINCINNATI, September 29.-There
has been a well-defined improvement
here to-day in the feeling with reference
N the 6nanaiaI dfcturbapaaS nf tho
country. The days work with the
banks has been the most satisfactory
one since the commencement Of the
trouble. Deposits of currency IN a num-
Der Of the banks have been quite equal
TO the demands upon them for currency.
A good deal Of old paper maturing has
been renewed, and, in some instances,
new paper has been discounted. Another
noticeable feature has been the dlspOsi-
ton of private parties, who have been
in the habit Of allowing them money
to go on the street, but who
of late have not shown q DISPOSE
ton to do anything, to make inquiry OF
the street-lenders as TO terms upon
which money can be placed. In the
money markets better feeling, too, was
manifested; still, but little has yet
been done to remove the deadlock into
which matters have fallen. Orders are
here specially for provisions, but there is
very little disposition to move under the
existing circumstances. Holders Of
stocks are generally firm, hoping that
something may soon transpire to set
the wheels OF commerce in motion, and
when this is done lively trade is antici-
pated. William +. Eenst, president of
the Northern bank of Kentucky, at