Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1884-05-16
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WALL STREET.

WALL STREET.
NEW YORK, May 16.-H. c. Hardy S
Sons, have just announced their suspension
to the Stock Exchange.
1t is stated that the leading Bears have
covered their short lines and ia some in
stances have changed their position on the
market. Foreign bankers continue to re-
port large buying orders from England and
the Continent for bonds and stocks. 1t is
also stated that there has been good invest
ment buying for outside of town parties. Ii
is reported that a large amount of stacks
have been paid for and withdrawn from the
street.
The obligations of Messrs Fisk Il Hatch
on the Stock Exchange are very small.
Their Office is open for the admission Of all
who desire to see or consult with the mem
bers of the firm, but Of course no business is
transacted.
At the Stock Exchange there is no ap-
pearance of furry on the floor.
The Clearing House Committee have the
loan certificates in readiness for instant de-
livery and express a determination to use
them literally with the view of relieving
without delay any stringency in the money
market. The wild talk of closing the Stock
Exchange is treated with ridcule.
Government bonds are weak and de-
pressed.
A bank president says the weakness is
caused by fear that Fisk s. Hatch's hold
ings may be marketed.
Sage is not taking any stocks on priv.
leges this morning, but is making settle
ments by giving his checks for the differ
ences.
All contracts of H. c. Harley 6. Sons at
the Stock Exchange are provided for.
The suspended firms are all busily en-
gagged in Strengthening out their affairs
Gotl & Randle do net expect 10 have u
statement ready before next week. Dimock
& Co. state that it will require some time to
adjust their accounts. Hatch & Foote, Boz
CART s. Co., Hotchkiss & Burnham and J. c.
Williams cannot give anything definite a.
TO the state Of their affairs as yet. Nelson
Robinson & Co. have q full force CT clerks
at work, and say they expect TO resume in
Il short time.
Noon.--The first two hours Of business
which are usually the most dangerous in Al
season of furry have passed. with only enc
small failure which has had no great de-
pressing influence. Sub Treasurer Acton
says there was brisk demand for legal ten.
iers at his Office yesterday causing the with.
drawal of 50, 100000. Up 10 this hour to-
day million legal tenders nave been paid
and -! amt Him, in all x-cr
tiicates, the latter being for payment to the
Savings Banks.
Brokers report more Willingness on The
part of banks 10 lnukc loans. large
amount Of money has come from Canada
and heavy transfers have been made from
the other side.
AT the sub-Treasu:y 50 100000 in legal
tenders have been paid oua this morning
This will strengthen the hank reserves.
Fisk & Hatch have posted Il notice saying
that coupons Of the the Central Pacific
bonds will lie paid at the Office Of the rail!
road company in the Mills building.
The meeting Of the Clearing House Loau
Committee has resulted in decision &c
loan to the members of the association al
the money they may require at par on
pledge OF Government securities. Tbs
will, it is thought, help materially to ease
the prevailing stringency in money.
Business matters Mt the Produce Ex.
change have rather gloomy look, although
no failures Or rumors of failures are current
A crowd surrounded the Blocker street
Bank this morning. They were nearly al
Italians, and the run is confined altogether
to them. A number of persons drew out
their deposits at the Bowery Savings Bank
to day. There was no excitement there
There was no run TO day on the Butchers &
Drovers' National Bank, the Citizens Saw
rgs Bank, the metropolitan Savings Bank
Manhattan Savings Institution and the Easl
River Savings Bank.
There was a run TO day on the Stamen's
Savings Bank, but all deposits were paid on
demand