The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1884-05-20
BULLS AND BEARS.
Continued from Second Page.

here to secure the payments. Judson was
called to New York on business some days
ago and during his absence Richmond as
signed. Hubbard telegrsphs from New
York to-day that Judson says Richmond's
assignment is ridiculous and was done
without his knowledge or consent. He
further says his claim is less than $40, 900
and is fully secured by goods in New York
and California, and his other liabilities do
not exceed $40 600.
CHICAGO.
Chicago, May 15.-The markets opened
with q strong upward bound this morning
and starting prices were ten and half over
the best figures of yesterday. Trading is
active and the feeling appears to be one OF
confidence.
At the opening on change there was a
violent rebound from low prices Yesterday
and for the first half hour il appeared as
though the depression of Yesterday had
been com pletely shaken off. Wheat adj
vanced 81 cents over closing prices yeser-
day in an incredibly short time and the
heat and excitement in the trading pits was
naturally very great and for the first ten
minutes there was
A STRUGGLING, swAYING MASS
of panic stricken traders who were buying
and selling large lots of wheat and corn al
prices varying fully one TO two cents a
bushel. After the lapse of half an hour
came the rumors of bank troubles at Kan
sas City and Quincy and similar disagree
able rumors from other points which
caused the prices to break, and but for
which 1t was commended prices would
have been carried well beyond the
best prices of yesterday. Prices closed
nominally unchanged and the interest
in the New York situation
subsidized in large measure, though the
rooms of the stock brokers were crowded
during the day by people watching the
quotations. A feeling OF relief Was shown
at the advance in values, an! the resump
ton of the metropolitan btuk was the
signal for some cheering about the cham
Der of commerce, and the sentiment was
generally heard that anything like gen
eral panic was impossible at this time. |
Surprise and regret, however, was shown |
On the announcement of the Fisk & Hatch |
failure, owing to the uncertainty as to its |
dimensions.
FAILURES IN BOSTON.
Boston, May I5.-Hill, Stanwood & Co., |
brokers and correspondents of Coffee, Ran
dali & Co., of New York, have suspended;
Liabilities, $40 900. The failure has no
significance 1t is now stated that the |
deposit of the account OF Hawley & Co. is |
S250,000; liabilities, $500, 900.
The actual assets of Palmer, Batchetder /
s. Co., jewelers., recently failed, are $72, 900;
Liabilities. S175, 900. The creditors give the
firm the option of paying Is per cent cash |
or 80 per cent. In endorsed notes III. z. |
Handell has been appointed assignee OF all /
their property, accounts and business of +.
A. Hawley g. Co. Hawley acknowledges his |
failure is very bad one and that
almost everything is gone and that resump-
ton is impossible The affairs, he saws
are somewhat mixed and will require sew
eral days before any statent of a definite
character can be obtained. The liabilities,
be believed, will not exceed $150,O00,
Yesterday some of their customers re-
fused To make good their margins. This,
with the heavy run on the deposits, led to
the failure which not only effects the stock
operators and spectators, but will reach |
many people of small means all over New |
England.
THE EFFECT IN LONDON.
London. May 15.-An agent of the Asso-
ciated Press this morning called upon the
leading London bankers having American
connections with view TO learning their
opinions concerning the panic in Wall |
street The feeling generally expressed |
was one of confidence that the panic would |
be merely local. They were positive
it would occasion no failures in London
either inside or outside the stock exchange
The general soundness of the financial sit
uation here is evidenced by the fact that
there has not even been Iumors OF any
large failures. The remarkable decline in
American securities the past few days at
tracted a new class of investors into the
market who were stimulated also by the
cheapness of money in England, Germany
and France. A prominent banker said it
was amazing how little real stock was be-
ing sold here but he said the bear sales
were immense and the market shows a
strong disposition to respond to anything
favorable from America.
AT WASHINGTON.
Washington, May l5.-Secretary Folger
was at the treasury department to-day.
He received several private kilograms Civ
ing cheering assurances of an improved
state of affairs in New York and express
ing confidence that the worst is over. The
bank examiner believes the worst is past
The secretary of the treasury telegraphed
the assistant treasurer AT New York as fol-
lows: From this date TO June LIST, you are
authorized to pay bonds embraced in the
one hundred and twenty fifth, one hundred
and tweniy-sixth and one hundred and
twenty seventh calls with interest, SUBJ
iect to the decision of the department as to
regular assignment of expressage to the de-
psrtment to be paid as heretofore, by
parties having bonds redeemed.
AT PTTTsBURa.
Pittsburg, May 15.-The failure to day of
Fisk & Dimmick had the effect of slightly
disturbing business circles. but there is no
undue excitement. Solicitude is shown only
by the esgerness with which news from
New York is watched and discussed. Rep
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