New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-16
SA1JEsT INCIDENTS OF TIE DAY.
LITTLE EXCITEMENT IN TIE STREET.
c.IMNEss AND HOPE IN THE EARLY HoURs-AGI-
TATIoN AT THE CLOSE.

c.INSFss AND HOPE IN THE EARLY HoURS-AGI-
TATIoN AT THE CLOSE.
Outwardly Wall Street yesterday mad resumed
something closely approaching its normal appear
ance The knowledge that the metropolitan Ma
,ional Rank wonld resume lsness seemed TO have
satisfied the curiosity hunters that scenes OF excite
ment such as had marked the day before were not
70 he expected. and the unwonted visitors to the
Street did not number more than few hundred. AT
10 o'clock when the Stock Exchange began bust
ness i'm the ordinary manner, the "curbst0ne
brokers'" were more numerous than usual in New
st. and there was a large attendance OF Board mem
bers on the loor but there no excited behavior
either inside the Exchange or out of It, The Knots
of men gathered in front of the offices OF the sus-
pended firms were not large.
SO simple a proceeding as the taking down OF the
notices which on Wednesday had been tackled on
the door of the Metropolitan National Bank, and the
hosting In their place of statement that the bank
would resume business at noon deprived the big
brown building at Pine-st. and Broadway of its in
terest as n curiosity A few depositOrs came early
and waited for the process of resumption TO begln
but only for a short time were the steps OF inc H.
stitution crowded After the doors were thrown
open for business the idle spectators disappeared
and the transactions went with perfect smooth
ness.
PEW NEW DEVELOPMENTS.
In the Offices of the broken hrns nerc was aclNS
of a quiet kind Employers and clerks were busily
engaged in oveThaung their accounts, arranging
what settlements could be made, and Strengthening
out their affairs. There were few new develop
ments and the intelligence of these caused not even
a ripple to pass through the Street. The buyers OF
Russell Sages privileges by gathering in great num-
bers in the hallway of No. II Broadway, and SHOW
ing great anxiety to entrance to his Office IN
order to put stocks TO him, created the most en-
erqetc picture of the day. except the passing one
which followed the announcement OF the failure OF
Fisk & Hatch. Everywhere else there were evl-
dences that the perured spirits which caused unrest
on Wednesday had been laid
IN THE STOCK BOARD.
In the Stock Board the brokers had hardly begun
trading before the chairnan's gavel called them TO
the rostrum TO near the announcement OF sus-
pension 1t was that OF A. W. DmOck N Co., OF
No Wal,st. The senior member OF this flrln IS
the president of the Bankers and Merchants Ieie-
graph Company, whose stock had shown great
weakness in the dealings The suspension was ac-
cepted with equanimity. as a matter of small mo-
ment to the stock market, and the trading was re-
sumed For an hour the demonstrations were
noisy, as they always are on rsing market, Dut
before long quiet ensued which was as profound
as that of the most threatening hours OF W edhes-
day if less ominous. This was maintained nearly
2:4O the startling intelligence was read from the
rostrum that Fisk & Hatch were unable to meet
their obligations. Immediately after the announce
ment brokers and messengers burst through the
dooIs into New-st. like waters through broken
dam and scurred of in all directions; but those
who remained on the floor were not thrown INTO a
panic. For twenty minutes trading went on stag
gering little under the unexpected blow, and then
was stopped by the noise of the gong In the Offices
of the bankers and brokers, and wherever the news
of this last failure penetrated, there heard
pressions of regret that misfortune had overtaken
firm which has always maintained reputation for
pnauestioned integrity and scrupulOus far dealing
UPS AND DOWNS IN THE STOCK EXCHANGE
THE RISING TIDE OF HOPE CHECKED BY THE FAIL
URE OF FISK a HATCH.
The excitement at the Stock Exchange had been
greatly allayed yesterday by the announcement
that the Metropolitan Bank had been found by the
Clearing House Committee entirely solvent and
that it would resume business at noon. When the
market opened there was perceptible more conf
dent feeling which was stimulated by an active
buying demand. Prices of stocks rose rapidly until
many of the more active were 8 aud per cent
above the closing prices yesterday. The announce
ment of the failure of A. w. Dimock Il Co., which
was made shortly after the opening did not check
the rally that then fairly under way. There was
slight hesitation if to whether any other an
nouncements TO be made, but beyond that
there was further curiosity. The effect of the
failure was disastrous TO the stock of the Bankers
and Merchants Telegraph Company, of which Mr.
Dimock is the president and chief promoter. The first
price was SO and from that point it fell quickly to
45 decline of "a per cent from 10 at the close
Wednesday The entire business amounted to only
1850 shares, of which few hundred were sold out
under the rule 1t has been understood that the
bulk of the stock was held by syndicate of which
the president was the agent The decline was inter
preted to mean that the syndicate stock had been
pledged in loans which had been disturbed by the
high rates of money. 1t was perceived that the fail
ere could have no effect except on these loans.
EFFECT OF YisK q HATcHs FAILURE.
Although the market excited and sensitive