St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-05-16


trouble in Kansas City, still the general opinion
is nothing serious will result outside of New
York Considerable attention is attracted to
Donnell, Lawson & Simpson, and there is CON
siderable desire to know the condition Of that
firm, and what its future action will be, 1t has
intimate relations with, and is correspondent of
nearly one hundred banks in Missouri, some
sixty in Kansas thirty or forty in Texas, and
has numerous connections iii all extreme west
ern states and territories.
l.. V. Stephens, of Bonneville, one of the most
prominent bankers in this state, estimates, in
case of0 the complete failure of the firm, the
loss to Missouri will be half million. 1t is
feared also the loss to the Texas bankers will be
heavy. A dispatch from st. Joseph says: At
tachments have been laid on Daniels property in
that city to the7amount of $60,OOO James L.
Wilson, assignee of the St. Joseph Savings bank,
which closed yesterday, has taken charge and
will investigate the condition of affairs at once
DALLAS, TEXAS.
DALLAS, Texas, May 15.--The Fort Worth
Water Works company to-day began suit in the
United States court against the suspended firm
of Donnell, Lawson & Simpson, of New York, for
$4,000, alleged to be due on the sale of bonds,
the proceeds being ON deposit with the firm at
-o@AA ~
marshal levied on two story brick business
house and lot on Main street to satisfy the claim
ST. JOSEPH, MO.
ST. JOSEPH, Mo-, May ia better feeling
has prevailed here to-day, and it is generally be-
lieved that the worst OF the panic is over. The
banks opened their doors little earlier than
usual this morning, and have met the demands of
depositols, besides doing the usual discount
l,1o
bank. The bankers and business men are unan-
nous in the opinion that the State Savings bank
was in good condition and would not have failed
had it not been dragged down by its intimate
New York connections. 1t is confidently believed
it will pay dollar for dollar.
PATERToN, N. j.
PATERSON, n. j., May ia slight run on the
Paterson savings Institution to-day, was promptly
met.
MISSOURI STATE BANK.
JEFFERSON CITY, Mo-, May 15.-Secretary of
State McGrath, is in receipt of reports from the
banks of the state, up to the first of the month,
and says: The statement shows the banks to be
IN fourishing condition., and show a better
financial standing than at any previous time.
THE OIL EXCHANGE.
PIrTsBURG, May ia feverish feeling pre-
hours of this morning. owing to the fear that the
brokers' sheets would not pass the clearing
house dealers refused to buy or sell, and the
market was almost at stand still Exaggerated
reports of failures were circulated, and the gen.
eral trade is awaiting with anxiety the clearing
house report fortunately the fears proved almost
groundless. One dealer, Geo. Bingham was mn
able to fulfill his contracts. He
bought $4,000 yesterday at 92c
which he unable to take take to-day, and
Vice President Fisher sold that amount under
the rule to his account at SIS &c. The loss will
not exceed 81, 900, and will be arranged it is
thought tomorrow The market which opened
at SIC, declined to soc recovered to S35s settled
down, and closed steady at e3Ac with a better
feeling. Bradford dispatches report the closing
of the doors of the Tuna Valley bank to prevent
run. The affairs are reported in excellent shape
CINCINNATI,
CINCINNATI o, May 15.-Aside from little
more caution on the part of bankers, there has
been no effect here from the disturbances in New
York. The business shows no less volume. The
news of the failure of Fish & Hatch was received
too late to affect the days business, but is re-
are to be found outside legitimate and actual
business.
BRIDGEPORT, CONN.
BRIDGEPoRT, May Is. IAe raid on the bank
ing house of Watson e. Co., resumed business
this afternoon, but excitement subsidized by 10
o'clock.