Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-30
KILOGRAMS TO THE STAR
This afternoons Dispatches.
Associated Press Reports.
RESTORATION OF CONFIDENCE.
WALL STREET ITSELF AGAIN.
ReOpening Of the Stock Exchange.
Remarks of President Chapman.
A Better Feeling at the Commercial
Centre.
Failure of a New York Leather Mer-
chant.
THE SITUATION ELSEWHERE.
Financial from nj q I'm (.erufanv
TELEGRAMS TO THE STAR
Failure of a New York Leather Mer.
chant.
Financial Trouble I'm GERMANY.


FAILURE OF LEATHER MERCHANT.
NEW YORK, Sept. 30.-Henry j. Brooks,
leather merchant, has suspended, owing to the
present financial troubles. He hopes fer an ex-
tension of time from his creditors, and he will
be able to resume in few days.
Lively Scenes at the Reopening OF the
stock Exchange.
NEW YORK, Sept. 80, 1880 a. m.-Wall street
in front of the Stock Exchange was crowded
this morning as the hour of opening app, oached.
When the doors were thrown open a stream of
members and spectators rushed in, filling the
floor OF. the exchange and the gallery. The
members closed around the presidents desk,
cheering vociferously and waving their hats in
the air. When President Chapman rose to al
dress them all became silent. He said: awe
are met again after very momentous suspen-
sion, for the purpose of resuming business
Your action in the interim has met with univer-
sal appreciation and has been most satisfactory
to yourselves" Business would be carried on
under the rules adopted yesterday by the
governing committee, which he read, and APP
pointed a committee to settle contracts of de-
faulting parties. In conclusion he added, "All
L ask now is that you help each other TO bear
the burden that has fallen upon us and to 50
conduct business as TO enable the exchange TO
carry on its work successfully" Loud cheering
greeted these remarks and the members pro-
ceeded with business.
A much better feeling appears to exist, and
THE OPENING PRICES OF STOCK
shows a feeling of confidence. The following
are the opening quotations for sales: Central,
Rock Island, 81; Pacific Mail, IS; St Paul, 35k;
Preferred, BY; Ohios, 29H; Western Union,
6sK; Wabash, is; Union Pacific, p; C. q. & I.
c., p; Hannibal s. st. Joe., "a.
RESUMPTION.
NEW YORK, Sept. 30.-The announcement
was made in the Stock Exchange that Smith &
Seayer would pay in full in cash all claims
against them. This was received with cheers,
and hailed as good omen. The impression
now prevails that all the leading houses will pull
through. There was decided Improvement in
foreign exchanges, which WAS looked upon as a
fay0rQhla cOnfi1anCA
Leading bankers advanced their rates to 1867
for sixty days sterling, and 107 q for sight, but
actual business at a reduction from these rates
Gold has been weak and lower. The price de-
clined from 1l2k to 11lA, and then recovered
to 1l2k. At the opening loans in gold were
made fiat to 1-32 for use, but afterwards l32 was
paid for carrying gold. Southern state securi-
ties are dull and without feature.
CLOSING STOCK QUOTATIONS..
NEw YORK, Sept 80, p. m.-The stock mar
ket is still without excitement and closes nrm
Western Union Is quoted at 66K; Rock Island,
81; Lake Shore, 7i4; Union Pacific, l9S; Pa
citic Mail, 80.
DECLINE IN THE PRICE OF STOCKS.
NEW YORK, Sept 30, 1890 p. m.-There Is
considerable pressure TO sell and realize on
stocks and. prices have declined from one 10
three per cent. from the opening quotations.
market being feverish and unsettled: New York
Central, 80; Rock Island, 49, Pacific Mail, 80
Lake Shore, 20; Northwestern, Az; Union Pa
cifc, 20; @. @. & 1. O., 22H. Brokers generally
on margins before affairs become more settled.
ANTICIPATING THE NoyGmBRR. INTEREST.
NEW YORK, Sept. cu.-The Sub Treasurer
has paid out $500 on account Of the Novem-
Der interest.
Move % Move Cotton.
MEMPHIS, Sept. 30.-At q large meeting Of
the chamber of commerce this morning 70 con-
slider the financial situation, q resolution was
received from the banks of the city to the effect
that they would not suspend, but would opea,
In addition to the usual business, an exchange
moving cotton, which was unanimously adopted
by the chamber.
Policy Of the Providence Banks.
Providence, X. l. Sept. 3o.-An adjourned
meeting Of the Providence banks this noon re-
ceived and adopted the report Of the committee
recommending liberal policy on the part of
the banks toward each other and their custo-
mers; that each bank should request its 6eposi-
tors to draw checks payable through the clear
ing house, and should certify checks payable
through the clearing house; that deposits made
in the banks in currency be paid out to such de-
positors in currency, and that deposits made In
certified checks be paid Tn kind.
The Unfon National Bank or Chfcoro.
CHICAGO, Sept 30.-The directors Of the
Union National Bank, after paying out about
800 900 Yesterday, decided ct q meeting Last
night to 20 into liquidation. The Officers STATE
that the assets are abundantly SUFFICIENT 10 pav
AL liabilities In fun.
Issue 0f Corpofatfom 8erip I'm Chfea~n
CHICAGO, Sept 30.-The civ council hsve
passed an ordinance authorizing the issue az
xOo,000 In treasury scrip, with which TO par
sne current expenses Of the city during the
lookup OF currency. There b much difference
O. opinion among business men e to the expe-