Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-25

large amounts only. Efforts are being
made BY the sub-treasureE to distributs
the greenbacks as much as possible, and
no more is being supplied 10 the savings
banks than their absolute needs require
An exchange has been opened at No.lll
Broadway. for the sale Of stocks and
bonds for cash, and large crowd is in
attendance.
A SOLEMN COMPACT, OFFENSIVE AND
DEFENSIVE.
New YORK, September a4.-The
members OF the clearinghouse, at a
meeting to-day, In addition to issuing
another ten million dollars Of loan GER
tificates, suspending payments Of eur
rency IN large amounts, resolved, also,
10 stand by each other with all their In
terest, and to expcl any bank falling 50
to DO. Each member II the loan COM
mittee was made a committee Of one ia
find out wheIe ten million dollars worth
Of government bonds, or any part oi
that amount can be purchased. The
President and secretary OF the treasury
have been asked TO anticipate the pay
ment OF the bonded Indebtedness or the
government, not yet matured.
SALES OF STOCKS AT AUCTION AMI
oTHERWIsE. E5
NEW YORK, September 24.-Sales Of
stocks 81 auction: 400 shares Delawa are,
Lackawana and Western from S5t Il
SIT, and Is shares at 80; 200 shares New
Jersey Central frOm IS to SO; lU0 shares
New York and Harlem, preferred, 10S4;
20 United States 10 -+0s, registered, 105
The following are the latest cash prices
on the street for stocks: New York Gen.
tral, IS to 81; Hslem, 1G3 10 los; Erie,
50 to So; Lake Shore, IS to 79; Wabash,
43 70 As; NOrthwe- tern, 40 TO a; Mil
waukee and st. Paul, 50 to 80; Ohio and
Mississippi, y to %; Union Pacific, z
to 2l. rt
ANOTHER SUSPENSION.
Messis Brown& Watson gold brokers,
have suspended. Very little excitement
followed this suspension. The refusal
of the assistant treasurer TO buy bonds
from individuals gave rise to the report
that he had stopped buying bonds. UI
to two O'Clock be had purchased 50, 2,I00,-
900. The bank presidents have another
meeting to-day at half-past three. The
banks have made their ciearings in
good shape aud differences settled. The
pressure on the banks from out of town
Is no larger than yesterday, and this
demand j. neutraliZed in many cases by
fresh deposits. Thereseems to be no un-
usual run upon any of the banks, and
they are meeting the demand promptly
in greenbacks, when it is certain that nc
run is attempted. For the most part
they are certifying checks through the
clearinghouse. Shortly after twelve
there was a slight run on the banking
house of Nermileye 4 Co but the part
ners state that the house was prepared
to meet all demands, and that they were
in no fear Of the consequences Of street
rumOIs or Of demands upon them fol
payment. Foreign exchange quota
tons almost nominal.
HENRY CLEws ON THE STREET.
New YORK, September 24.-Mr.
Henry Clews was early in the street
MultitUdes of sympathizing friends were
eager to shake hands with him, and il
was the general expression that the
fight made by the house during the last
few days was indeed a brave struggle
against the disaster Of suspension, which
came at last. There is no rush of anx-
ious depositors to the Office Of Howe 6
Macy, or the clearinghouse Of their
neighbors, H. Clews & Co. 1t seems to
be an accepted plea of suspension that
a suspension bya solvent house, induced
by the general complexion and unavoid-
able necessity Of the present panic, is a
matter of precaution rather than evil
dence Of permanent disaster.
THE SAVINGS BANKS EASY.
NEW YORK, September 24.-The
slight run upon some Of the savings
banks, noted from day 70 day since the
beginning Of the financial crisis, has
ceased entirely. The principal banks
below Fourteenth street were visited
this morning, but most Of them were
deserted except by occasional deposit
ors At the Bowery savings bank there
were some persons Withdrawing small
sums, but the demand wasnot anything
in comparison to day or two ago in the
same bank. Persons who drew their
money during the early days Of the
panic, have deposited the amounts
again. Two prominent stock houses are
receiving their stocks, which they
have been unwilling to do since the
closing OF the stock exchange. The
brokers are beginning to think they can
SEE DAYLIGHT.
Money is about one per cent. per diem.
There are no more failures to report to-
day and the feeling, although not cheer
ful, is not as disheartening as at the
close yesterday. The following are the
CLOSING PRICES OF STOCKS
on the street, as near as could be ascer-
tanned: Western Union 50 hid, so asked
Pacific Mail, 2S bid, % asked; New York
Central, IS bid, 50 asded; Lake Shore,
75 bid, 754 asked; Union Pacific, is bid
IS asked; Northwestern commOs was
offered at 40; Rock Island, S63 bid, 81
asked; Wabash, 40 bid, 4S asked; Ohio
20 bid, 20 asked. Gold closed at lll3.
The sub-treasurer bought 2,6ll $50 bonds
to-day.