The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1873-09-30

|, ''".1 ,'....,,.,s,' St%' 'sis Over. aa
!: .gsl-5--7. -.----..; E.a .'.
Confidence Returning and
Banks Reopening at
/, Z. az 7 :. chIcago.4 ~. i,
Drawing ON the $4,000, ,OoS for Use
Of the p. o. Department. n
YESTERDAY AFTERNooN'sDIs.
! ,|- 80. PATCHES. t.,-y
Jay Gould's Views ON the Financial
.r-iu.. Situation. all t,4s'
New YORK, Sept. 29.-Jay Gould be-
ing asked for his views on the financial
situation, gave them as follows:
II think the panic Is over; ] have every
faith now in an advance In prices, and be-
lieve the market will; be more buoyant
than for o long time: Wall street has
been cleared out OF o great part OF the
worthless stocks and so-called securities
by the purifying process Of the panic, and
there are comp paratively few stocks quoted,
except those Of real value. = In all cases
prices are now too low and In that OF
good paying stocks very large advance
Is necessary to bring them up to their &C.
tual worth. The reasons for an advance
arc that the money market will become
easy as soon as the Stock Exchange is
opened. Owing to the very large guam
titles OF greenbacks which have been dis
bursed by the Government in its
late bond purchases an immense amount
OF capital has been put into circulation
BY the action OF the banks In issuing
clearing house certificates, which displace
the corresponding quantity OF currency;
that England in sending over millions in
gold, which will come into active use
Immediately on its arrival, and that the
speculations have had such long sleep
that 1t will be oil the more lively when 1t
wakes up again. .-su1a ys1's pgI
The disturbed state Of the money mar
ket has made 1t necessary for some Of the
large firms In this city to discharge many
| OF their hands, and to give others only
| three or four days work O. week. Many
OF the large manufacturing firms have
closedgupt altogether, for much difficulty
Is experiencedlby the employers in get
ting cash for their worknen, and on Bat
urday last many were paid either iniwhole
or in part in checks. In the neighboring
cities the same condition Of affairs exists,
The Opening Of tho Week in New
as5oH SIlIig YorksLIaagg q
NEW YORK, Sept 2S.-The week open.
ed with o quiet and more cheerful teeling.
Gold opened at 1881, sold down TO 112ff,
and at noon was at 112s, with ] bid. Z;
+ The governing committee adjourned
until 1880 T. N. and referred the regula-
ton respecting the business OF Tomorrow
10 the Bsyliss committee with instructions
|toreport this evening. Foreign Exchange
|is dull, with sales Of prime bankers 60 days
sterling at 1045a105. There isa liberal sup.
ply of grain bills offering. Gold-Weak
and lower, chiefly on account Of the order
of the Treasury to commence payment
with rebate Of November interest and cable
reports Of further large shipments Of gold
In street dealings, stocks declined at the
opening, as compared with the closing
prices Of Saturday, but afterwards be-
came strong and advanced, the following
being the latest quotations: New York
City 90a9l; Erie 51a52; Lake Shore 75a
| 76; Rock Island 90i, blank; Pacific Mail
84,sblank; Ohio 2Sa38; Western Union 68
a67i; Wabash 40, blank; Union Pacific 20
AL. a. $40. 49,.
The Clearing House Association will
meet at 8 r. N. to hear propositions In
regard to removing the block now exist
ing In the export trade! QEA ~ - al.
The bank officers at ,theirrmeeting this
morning matured proposition to be sub:
mitted 10 the clearing house committee,
and Il Is thought something will be done
to-day 10 o.ataoilitate the movement Of
crops The executive committee. Of gold
have decided to, close The Exchange here:
alter at 8 o'clock. ,TkCay Hs"
Satisfactory State lofl Affairs Mt :
"a 81 Columbus. ~
CoLuMBus, O., Sept. 29.-The financial
trouble has as yet had very slight effect
upon this city. While all The banks are
prepared fora run, thus far this precat-
lion has proved unnecessary. sInstead OF
disastrously affecting the manufacturing
establishments there Is the usual work go.
| ipg on, and oil skilled mechanics find q
demand for their labor. New manuiac-
tories are being built, and all the old ones
are running full sets Of hands and cannot
FIJI their orders. The banks buy eastern
exchange very cautiously and discount
scarcely any paper. There has been no
concerted action among the banks, each
prelerripgi "a. attend to their own affairs.
No Disturbance at 81. Pant. 1sia
| lsT. Paul, MIN, septa 90 All o. the
St. Paul banks respond TO all demands In
currency, and have done so all Of the time
with no thought Of doing otherwise.
There is no excitement or alarm here and
aside from the stoppage Of the purchase Of
wheat business goes on as usual. 81
Banks Paying as Usual at Wash.
n 10 ~ ~ ington City. -
WASHINGTON Sept. 20-The Farmers
and Mechanics National Bank Of George.
town, National Bank Of the Republic,
Bank OF Washington, and the banking
houses Of Riggs q Co., and Middleton q
Co., are paying all demands upon them
as usual. Other banks and banking
houses, In the combination formed last
night to certify checks instead Of paying
currency, will not pay the smallest checks
to-day. Since the commencement Of the
panic four institutions have closed their
doors, viz: The First National Bank and
Washington City Savings Bank, now In
Humiliation the banking house OF Jay
Cooke s. To-, and FAINT, Washington q
Co. 97' ~
IFallure Of n Wool Firm at Phiiadel.
phia. g>4t = ''N
PHILADELPHIA, Sept, 29.-Bepj. Bul-
lock s. Son, celebrated wool dealers, sus.