The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1873-10-03
TIE NEWS.
Latest in Rgard to the Late Panic.

The news in regard to the late
panic is decidly cheerful. The dan.
ger seems to be passed, and busi-
ness shows signs of rapidly settling
into the regular channels.
On Tuesday the New York stock
exchange was re-opened, and con-
gratulatory remarks were made by
the President of the Exchange,
which were received with applause.
Smith s. Seaver, reported suspen-
ded on the 10Th announce that they
will pay all demands in full and re-
sumo.
A dispatch of TIL ursday says the
day in Wall street passed In a more
satisfactory manner than ever.
The most sanguine feeling prevail
ed, the general markets closing quiz
city without q ripple of excitement.
At the stock exchange q caImer
feeling characterized the dealings
throughout, while many sold stock
for cash to complete settlements.
1t is bnt just to add that there was
q spirit OF forbearance between
members, and also between money
lenders and brokers'. The general
delivery hour finally came and
with it animportant announcement
from the committee appointed to
make settlements between men,
bers, that there was not one single
defaulter. This announcement
was received with cheers.
AT ST. LOUIS.
The financial situation here pre-
sents no new feature. All is appar-
emily quiet with tie banks. They
still purs ne the policy first marked
out, and nothing has occurred to
produce jar or discord. The an
nouncement that the Union Nation
al bank of Chicago had gone into
liquidation, produced profound
sensation on change, and depress-
ed feeling followed, but no excite
ment occurred. There is, however,
still much apprehension felt for the
future in commercial circles, but If
things work out well in New York,
It Is the general belief here that bus
mess will revive and no more dis
asters occur.
At CHICAGO.
The announcement this morning
that the Union National bank was
going into liquidation, took every
body by surprise except the bankers,
who anticipated the event and took
1t very coolly, none OF them express
ing any apprehension that It would
materially iniure the financial situa-
ton, though It had the effect to tenn
porArily depress prices Ofgrain, and
caused quite q feeling on change.
There has been no further trouble
with any OF the other banks, all
going through the clearing house
without di fficnlty.
WHAT Jay GOULD. THINKS
New York, Sept. p Jay Gould
bein 2 asked his views concerning
the financial situation, gave them
as follows: l think the panic IL
over. L have every faith now in
an advance in prices, and believe
the market will be more bolyant
than In . long time before. Wall
street has been cleared out OF q
great part OF worthless stocks and
so-cAlled securities by the process
OF the panic, and there arc now COM
parativly few stocks quoted except
these Of real value. The disturbed
state OF the money market has made
it necessary for some large firms in
this city to discharge many OF their
hands, and to give others only three
fourths work in q week. One
largo manufacturing firm has
cl0sed mp altogether. Much din.
Guilty Is experienced by employers
In getting cash for their workmsn
and on Saturday last many were
paid, either In whole or IN part, in
checks. In the neighboring cities .
similar condition OF affairs exists.