The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-21
WALL STREET NOTES.

BANK fkrLrkE IN TuK wEzsr AID ITS rcDs
HKra-ropTrSo TEE xoRAfs-A ''roDr" II
covxnSxrSTs-ruE SYNDICATE HARD IRON
AUCTION szLK % MISCELLANEOUS srcunI-
AND rHE rELEsRsFas
The street sas rensrksoly eniet yesterday.
although more thsn one sensation reached 10 In
u not ltssf the noss luportsnt Of these. vas the
annsancement OF ne susoessios Of the Cook
county National Raas Of ca'csg0. La condiiion ~
this crisis 10 thus rspreseatsdsrns capital Of the
bsnk h 60. 90; . ssrplas ~ iAst ssstsment o.
eioo.oso ga. reported. ON December N. is7A In
deposits vere si.iss 90; ns loans and discounts
a. 0eoooo ana its suCalaton sso.ooo. the Press
dent Of the hama n Mr.. D. 7. Alien. head
of the arm Of Amen. stephens a Co. eans-
err Of TINS eity. mss Of large means and
supposed 10 be Of me wsalthisst Of the Sortn-
west e2pitalists Ia n doe 70 the arm OF Alien.
Stephens CO. 20 state Just here. on the authority
Of that house. confirmed by osts,de partiss tamil.
isr with lts business. that 10 is not invoved in any
dlnncults by TINS Suspension. ana mas ample nesas
70 meet al ~ owa soassuoas The sudden isAL
IRE Of tals bsns provosed eaca discasasa on -
street aad some
rnoUeHrFUl cAxvASsSs
OF the causes leading up 90 sacn an unhappy coa.
eiusion. And n n worth wnhe % note tue co.,
servauvs spuit manifested IN seeking Tor these
causes 10 Was seaerAlly regarded a. one OF tns
results Of ihe undue expansion OF credits which
accompanied tns Ph9alx nighs q caicAxo sftsr
the great connzgratson. The sudden uprising OF
tina. city RON its ashes IL certainly very proud
boast for American enterprise; out wnen the nnaa-
casl movements involved In that erort come TO b
considered &c viii be found that they contain
serious dangers OF which to ialure Of tue Cock
County Bank h out an expression Tue city vss
rebuilt on credit based upon . prosperous condt
ton of the country aud . system OF bank as
counts which promised or seemed TO promise 70
the Chicago Speculation tue Use OF all the reserve
FUNDS Of the banks OF the country. Thus oeiors
the panic the New lork BANKS which held most OF
the reserves OF the country banks. were In the
habit OF rediscounting the paper accepted ov tness
banks and so sustaining taem against any sudden
demand upon their deposlts. When, IN the 70
building Of chicago. paper Vas offered the local
banks for discount ~ was readily taken, because
the credit was readily Transferable 10 New YORK.
So. too with the paper set aaosl Al varioas times
to help out specuaions Ia wheat ASSIST IA iaskiae
corners &c. But AFTER tae pane
SEw Foley
came into operation, one OF greater caution ana
larger DETERMINATION: hence there mas been grow
ing up an increasing diriculty IN secnrn these
rediscounts mere, anu csn. tness N.'sn ss ,.
same assurance Of help RON New YORK That vas
formerly a ioreaone conclusion. whether tnls was
precisely the CONDITION OF tue Cook COunts Ma
tional bank ~ not yet known. Dut IL IL so inferred
and In any event these observations represent
ern banks TO this centre The Ecenin0 Post o. iAse
night says :-'.from AL which near We believe
VIII be paid dollar Tor dollar. even Il the psymeni
depends on the personal ooisstions oil ths prsa-
TIE DEALINGS IN GOVERNMENTS
frequently present phases which appear strange
to the uninitiated holder. especially when !ns
buying movement would appear 10 be on THIS sioe
OF the water, as II ;he people on the other slie
were getting tired OF our securities. Just such .
ply illustrated. Tue iolo wing shows tue Londo1
quotations. for government bonds yesterday "
ssssas %k s sas as a.:
London Eqairaiensm os,sans~s
1861. old... ssisst ,,ss X: g ny: i,:x
S;S.. !, iisssi 3 iS isA i iisS NJ H.
sight exchange at $50 and gold at ia2S wn
can now be imported at . iair profit. OF coarss.
this unsatisfactory tat presenu condition o.
move with accelerated force IL this direction gola
goes up and stops the Importation. Bonds thea
again become an article oil export.
SYNDICATE PROGRESS.
Washington kilograms yesterday aftern Don state
that the syndicate has applied for an extension Of
and that the application IL under sdvtsemens ~
the Treasury Department.
AUCTION SALE OF sRcuRrrTRs.
The subjoined list OF securities were sold for the
prices quoted ar the Exchange saesrooms yssssr'
i. shares Ierre Haute ana Richmond Railroad
Company ex-divdend). Dividends January ana ,,s.
ssS 1ysnsS aHe and as.ro.d Com
Nay ana SOys%Ssr IS Farmers Loan and TTnss ..x
La Shares Hope fire Insurance Company. SIS each
Shares w rs1n assS s0e SSIpa
sss williamsburg aasshi Co. .ciip Of 0,,s
fsrs 20 q
SHARES SHARES sr ssnH 500 each
SHARES snas SIKH Su AVsnus sSroaa Co sSo each M
essn Fire
10 Shares Arctic Fire Insurance Company. $50
s. snare: Adiiaiic Fire Insurance company sss
81 shares Kncier6ocker Ice Company Sioo each iooI
seven per cent registered bonds Of 1854 inssress
Is o Chicago ago and Alton Railroad Company frst
mortgagc per cent bonds, due 1888 Interest ,oe,.
siooo Illinois Genital R:iiroad Company pei cen.
redemption bond. due 1881 Interest April and ,,,.
5000 Now York and Harlem Raiirosd COMPANY
January July 80 IsN
s :harss Sers ESer sa9H .S
SSn FSs
Arctic Fire Insurance Company $40 each az
rs shares Resoute Fire Insurance COMPANY. $40
Is shares Guardian Fire Insurance Company. SiW
10 shares Brooky Academy OF Music. with sdmis-
sion ticket 80 each .................
500 shares Warren Railroad Company, guaranteed
pSad Company 6iviSsnds ps au cents s April and and
ssc 81 SS:.Is: Bridge company 10 per cent IA
bonds Interest April and October 81
LAKE SHORE.
rumOr was circulated on The street yeaterdav
to the effect that the Injunction recently obtained
restraining The payment OF the dividend on this
stock had been dissolved, bur inquiry developed
the fact that 1t Is still in force. Judge Tappen'S
decision IN re Is expected on Monday next.
THE TWO TELEGRAPHS
contributed nothing to contemp0raneous history
yesterday In the way OF TACT, although there y
stu some Lively deaung In the separare stocks.
CORONERS CASES.