Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1884-05-16
The Worst Said to be Over
The Metropolitan Bank Re-
SumeS.
Failures in Boston Stocks Still
Heavily Depressed.
New YORK. Nav I5. $50. A. Nj.

ou It's uoOIs saying tnat the Dank examiner
have made an investigation of its affairs ant
the bank will resume business at l2 O'Clock
today.
At 10 A. MA. W. Dymick & Co. have
just announced their suspension. The scene
on the street at this hour is one of unwonted
activity. Since early morning the brokers
offices have been open and the clerks are
busy getting accounts settled up. Many OF
the leading firms kept their employees al
work until midnight and a general overhaul
ing of the accounts has been made so that or
the opening or the stock exchange this morn.
affairs will be in better condition than for
many months past as new margins have been
called for SO as to prevent any rash sacrifice
of good securities
representative of the Associated Press
has just talked with fnancier of 81 years
experience on the street. who has been
| through all the upheavals of tina: period.
Without having had to succumb. he SAYS.
the action of the banks yesterday in deciding
to pool their issues, in lis opinion, decided
| the situation favorably. He does not antici-
pate any other failures either of banks OF
banking firms. although he admits the possi-
bility that some weak stock houses may sus.
pend temporarily. The failure of the latter
he does not regard as a real misfortune as the
wedding out of such small dealers helps to
give healthier tone to the general situation.
The floor of the exchange had more than
its usual compliment of members in attend
ance and by 8 80 crowd of operators had
gathered in knots waiting tor the signal to be
given to commence the days business. Al
10 O'Clock Chairman Mitchell gave three raps
of his gavel and in an instant
The Pent Up Excitement of the Brokers
(,ave Vent I'm n Howl.
.r5 sva brndr,d hands usrs l;fred in tho al,
anJ vor;ons nooIs were formed in which tha
,.a-;o,,a 80, ,.o-o daait in
,,Io1sA nasnatcbss bove baer -o-
oo;,od ,h;S n,orn;no En-, 7 ondon honsas h.,
,oaa,,,, to,o;nn hanLars ,;v;nf, ordo-s q, h,,,,
stocts and bonds at the market nrice. As !,
,vos fearod tho, fo,s;an orders ta sell wonld
ha oh;af fan,o- in rho downward movemen,
,oaar .b;. ~ news Is Greeted With Great sat;s.
fsc,;on and i reaarded az another break in
.S IL .ha. ,hroa,anad .ha fnano;ai ,r,,r,d
'''t WI tn 80. -, h.s haar,
.''I '' -. - .,.o.,;,,. T. 900
st.ons anu .h hlsnen .n,s os ~. Mo..onnI;
~, ha,,t ,nd ,hs .c,ion Of rho cIsarina hon 40
nin van oa,n anu .ns .a rose 'haIs ,o fnnr ar
oen, III fa;Inra ofa w Dym;ct e 20
.n,n,,ood shor,iy aftor onon;,, bad bu,
"nnou".u .;.,., i;,;yo e., ~ ,ha ra,ros
IomL" pnL".". 80" o,j uarahon,., ,a,erronb s,,cL in
80 W. D,,,,;at =. .ero haay;l,. ;,,aros,od
'. ~ q. y. :. -. no 80 ras,a,dsr
III :. g. g. IL. ~ 20 t.s ;,,s, haan rooordaa
VII W. a. go, % IN ao-Tha s,ree, ia aeneralIy
filled up with a gaping crowd on each of the
streets on ~hlch the exchahge races. hui',-
'uoes oi sien' seerS nav. al sa'".
VINO ,ooA up a' 'he oui.uns ~ ' ~
'hereoy gam a" insight " '"e o"S'
ehacteu " w."ih'
husseli oaee 10 PAYING al ue,"nus ,r, on VI.
prNueges ,nis :iorhins as usua, ine .epo,
that ne hsu ialo uoNh on MS eonu ..t az,
was s'a.eu .S '9oy Th n..o,s - h VIZ. of,,ssd
OF tne street me ouiy eon''a.'' ~ nc .to
" '"Ae -.
ususi one day hot'ce was no. gwen.
The resignation OF geo; l.. oene' as presi'
1ent Oh 'ne Ne'ropoli.an pa:9n Sa'". Ian LIN "" "a
9eeh acesp.eu' anu 49, "n;as,, d.
Jacques mas oee,, eieI'eu PieSiu
aver lamp, Vi tne e,1ains "pus p -, poon
'n"' .hs Vi '"s van" '" ~
enecteo' ,.
A NJ. Wy niich say ,n.n '.ouoie nas oee"
oeeh causeu oy Tue inaohny " iai's nune.
on securities. ueo' futman on'i'n mas ~ oeen
appointed assignee rreierehces nave oeeh
gwen 10 cus,oihers' @
io,to a. NJ ne s'oIk .! .ie n"nn.lS
nu ny ~, - IL
lor il' ,, - ~ ~ ~ ~. ..a of .ho
suspenue' III u 'ae s;tLs ,h 90;
COMPANY, said 10 n.'e iuinis"eu '"e e"p''
tai win "hich 10 oui'u It's lines
Coincidence Is Being Restored
s .o,r sn.ro;ors fswer anx;ous faces
no "na o. ~H h., na, w;,h 7, ..ems 70 no generally
anoa,',ad 90 fac, that The worst il over and
rnsnr c.n;,.i;s,s are beginning TO discuss the
nma.,;on 90 ,o wbe,her nov is not the time
~ hn, for ,;se and some few are bnvino
This Fac, in itself relieves the situation o,
ana ms IS ;,s n,o., dancerous elements namely
,,Iaia;,., o.,;,oi froyo tho merket Hotch.
kiss Burnham expect to be able to resume
business tomorrow.
WALL STREET. ll.45A. M.-Comparative
Quiet reigns on the stock exchange 1t be-
comes more appsrent every moment that the
cr;s;s ia mast.
lao A. M.-The foreign exchange marke,
is affected unfavorably by the offering of loar
hills in large amounts AZ we'll as bv the With.
draval of money bv cable from London fol-
use in this market. High rates are paid 70,
money on call here, rendering such transac
tions highly profitable. Brown Bros have
reduced their rates for sterling bills to 4s7