Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1873-09-29
TELEGRAPH.
ESPECIAL DISPATCHES TO THE GAZETTE.
Financial Affairs.
FROM LONDON.

Ing that the expected cna0ge 10 the rate OF Ols-
count had not been made, which causes dull,
ness in American securities.
Two hundred and twenty-five thousand
| for New York on Saturday, in the steamship
Silesia The steamship America which sailed
from Southampton on the same day for New
| York took out 10000 pounds Engagements
have been made for the shipment OF $4,000
pounds 10y the steamship DOMAIN, which sails
from Southampton tomorrow. 1t IS said $780,
600 pounds are booked for shipment this week.
The failure of three brokers in consequence
of the fall in the price Of Erie railway shares,
has been announced on the Stock Exchange.
LONDON, Sept 80, LAS P M.-The rate of
discount for the Bank Of England has been
fixed at per cent at a meeting OF the directors
to-day
LONDON, Sept. 90, . P M-The announce
ment at LAS p. III. of the increase in the rate
Of Discount in the Bank of England causes
much surprise in financial circles.
LONDON. Sept 90, $3.50 P. 1.-The amount
of bullion Withdrawn from the Bank Of Eng.
land on balacce to-day is 63S, 900 pounds.
LONDON, Sept. 20, 345 P. M.-The rate of
discount in open market for three months, bills
is per cent which is the same as the ank of
England rate.
LONDON, Sept. 90, 4 P M-The demand for
discount at the Bank of England to-day, as
we'll as in open market, has been heavy at
rate OF 5 per cent.
| One hundred and twenty-four thousand
pounds Of 63S,000 pounds drawn from the Bank
of England on balance to-day, is for shipment
to America; the balance goes to Germany.
| LONDON, Sept. 29-4:l5 p m.-The rate
for money at the Stock Exchange On govern
mcnt securities is 3 per cent.
FROM NEW YORK
New York, Sept. 29.-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 the others on "
three or four days work week. One large
manufacturing firm has closed up altogether.
New YORK, Sept. 29. Gold opened at 1871
now ll2z.
Jay Gould said yesterday: Il think the
panic is over | have every faith now in an
advance in prices and believe that the market
will be more buoyant than for long time past.
Wall street has been cleared out OF great
pack of worthless stocks and so-called securi-
ties by the purging process Of the panic, and
comparatively few stocks arc now quoted ex-
ccpt those of real value. La all cases the prices
are now too low, and in that of good dividend
paying stocks a large advance is necessary to
1
for an advance are that the money market will
become easy, as soon as the Stock Exchange is
opened, owing to the very large quantities of
ereenbacks which have been disbursed by the
government in its late bond purchases that
an immense amount of CAPITA has been put in-
to circulation by the action of the banks in
issuing Clearing House certificates which dis
place corresponding quantity Of currency; that
England, in sending over millions of gold, which
will come into active use immediately on ar
rival; and that speculation has had such long
sleep that it will be all the more lively when it
wakes up again.
New York, Sept. 29-noon. Affairs are
becoming more settled on the street
The stock market is little better with con.
siderable doing. The street quotations are:
Union Pacific, l9a2l; Central, S9a9O; Pacific
Mail, 3la32; North Western, Al bid; Ohio and
Mississippi, 2S3a3O; Western Union, GO asked;
Harlem LOG bid
The Governing Committee Of the Stock Elk
change held another meeting this q. m. to
make arrangements for the opening of the
board tomorrow. The committee adjourned
until 80 p. NJ. aud referred the regulations
respecting business tomorrow to subcom-
mittee, with instructions to report this after.
noon.
PHILADELPHIA
PHILADELPHIA, Sept 29-Benj. Bullocks
Sons, extensive wool dealers, suspended this
morning for large sum, but have ample assets
to pay all obligations Their suspension was
caused by the failure Of the Glenham Manutac
turing Company, of New York, who owe them
about 5000, 600. Joseph Bullock, one of tue
members, is director Of the Corn Exchange
National Bank, but they owe that institution
only S45, 900, which is covered with collaterals
for twice that amount This affair has caused
no unusual excitement, and in business circles
generally there is confident tone.
FROM ST. LOUIS.
ST. LOUIS, Sept 29.-The express lines cen
teriDg here are bringing to the city much
larger amount Of currency than they are taking
away The banking house Of Curry 4 kerby,
at Jefferson City and two at Chilicothe, sus-
pended on Saturday. They are all regarded as
solvent and no losses will be sustained The
banks in other parts of the State still hold out
as far as is known.
FROM READING, PA.
READING, Pa, Sept 29-Business is pro-
crossing quietly The banks are promptly
meeting all demands Father Boneman, at
ST. PauTs Catholic Church, announced that if
his hearers had money 10 bank and doubted its
safety, he would guarantee its payment
UNIVERSITY OF VIRGINIA.
CHARLOTTESVILLE, Va, Sept. 29.-1n con-
sequence of the money crisis in the cities, the
University of Virginia has made arrangements
for credits to all the students temporarily en-
barrassed by the same.
Illicit Distillery Seized.
NEW York, Sept. 29-On Saturday last a
distillcry in successful operation by convict
named John Short was discovered in the quarry
grounds at Sing Sing. The mash was COM
pound of bread, corn, tomatoes apples, pota-
toes and carrots. The keeper of the still had