The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1873-09-22
THE FINANCIAL EQU|NOCTAL
Further Failures Announced.
Oefa|cat1on in Union Trust Co,
The Deficit $5OO,OOO.
The Government Buying
Bonds.
Further Failures Announced.

NEW YORK, September 0.-Th'
Examining Committee on the con
dition of the Warehouse and Securi
ty Company reports the total asset'
of loans on stocks and bonds, cash OF
hand, and bonds, stocks and real es
tate owned by the company to bt
| s., ,946, 42l; total liabilities, including
capital stock, S2,327, 400; excess Of
assets over liabilities, $4,000. Es'
timating at minimum value the
collateral pledged for loans, and pror
erty owned by the company, there
remains q surplus of 81, l24, 1884. E1'
Guiding the capital stock the Com
mittee believe this will guarantee
the payment of all Indebtedness, and
recommend an extension Of twelv G
months from October lst, and that
the Directors convert the assets into
cash as fast as practicable, and de-
clare dividend whenever the cash
on hand amounts to ten per cent. OF
the liabilities, and four Of the pres
ent Directors replaced by four elect
ed by the creditors.
The suspension Of Fisk & Hatch Is
said to make probable the embar-
rassment of the Hoboken Bank for
savings as q defalcation Of nearly
seventy thousand dollars was dis
covered in the bank lately, and the
Directors disposed Of some securities
to make up for the deficiency, de-
posting with Fisk & Hatch for safe
keeping S94, 900 of the amount real
lied, The suspension Of the firm
makes this sum unavoidable at pros
ent.
\ large pumber of kilograms were
received at the pOstoffice yesterday,
requesting the postmaster to with
hold from delivery all letters bearing
the stamp Of firms sending MESA
ges, and which were addressed to
Jay Cooke & Co. Tho Postmaster
could not comply with the request,
"a the postal regulations provide
that after letter has passed from
the mailing Office the delivery of it
cannot be prevented or delayed by
the alleged writer.
The Court of General sessions was
adjourned early yesterday to give
Jurors and Court officers all Opportu-
nity to look after their bank at
counts and securities.
Stocks are going up and down
lively, and severel sales have been
made under the rules, which would
imply tina: failures have taken place,
although only one is made known as
vet-that Of the firm Of S. B. White
& Co.
The Western Union has touched
50.
The suspension of the Union Trust
Company, it is likely, will make un-
available balances Of the smaller
brokers, and perhaps force them to
retire from active businesS-for this
day at least.
Most of the sales Of stocks are for
cash, at from two to three per cent
below the regular transactions.
4. G.. White has failed, not 5. b.
| White as previously reported.
Great crowds are in Wall and
Broad streets, and police are busy
keeping free the entrance and e1-
its of the Stock Exchange.
The failures Of Ketchum & Bel
knap and L. c. BrOadhead are the
latest reported.
The Union Trnst Company sus-
pended at half past ten o'clock.
The New York sub-Treasurer has
posted notice stating that he has
been instructed by the Secretary OF
the Treasury to purchase ten million
dollars worth of bonds to-day.
This prompt responce of the Govern
ment to the request made for relief
bv bankers yesterday, gives, appar-
emily. additional strength to the
strong and encouragement to the
weak. 4 better feeling prevails, and
il looks now as if the worst was
over. The stock market showed an
Improvement of five per cent.
The Union Trust Company an
nounces that it will resume Monday
morning.
The Philadelphia Union Banking
Company has failed. This bank has
q State charter, and bore heavy run
yesterday.
The National Bank of the Com
monwealth has suspended.
Sake & Rogers have suspended.
\ meeting of the creditors Of Jay
! Cooke K Co. will be held on Monday
Rumors are circulating lively, and
one attributes the cause of the sus
pension Of the Union Trust Co. to the
defalcation of Edward Haight x Co.
inst announced as suspended.
Its f. c. Morehead that has sus
rended, and not BrOdhead.
The Stock Exchange closed to-day
at ten minutes to II A. NJ.
The following new suspension
have occurred Taussig & Fisher, P
NJ. Meyers, Miller & Walsh, Iaur
ems. Josephr, Fearing & Dellinger
and Williams & Bostwick.
Rumors seems right this time tha
defalcation exists in the UnioI
Trust Co. -,
The Bank of the Commonwealth
saws that the Union Fourth Nationa
| l. rt,n ON that in