The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1884-05-15
At the lowest point of the morning,

hiuihVu DclHB On NOItuclh i"~~
preferred, Union Pacific, Western Union,
Louisville & Nashville, Northwestern
shares, st. Paul, Missouri Pacific and
other leading speculative stocks. since
then there has been slight rally, the
selling movement having senslDly
diminished, and prices having more
support, but at this hour the
Iff&et is feycrish and unsettled.
It, Is announced that the metropolitan
Bank is debtor at the Clearing House
for 100000, and the Second National
Bank continues to meet all demands OF
depositors in full One cause OF the sus-
pension of all the firms to-day was the
fact that nearly all banks with when
brokers had accounts refused to certify
to more than the deposits of their Gus
toners.
1t has just been announced that Score.
tary Folger will make an extra call OF
bonds If necessary to keep money easy
None of the sensational reports about
other banks being involved appear TO
have any foundation. careful canvass
OF the principal houses and banks at this
hour (l;30 p. M shows that the worst
has been passed, but feverish and hesl-
tating stock market may prevail for sew
eral days
1t is not true that Gould & Sage have
quarreled
Bogart Co.'S liabilities are placed at
100000; Hatch & Foote'S, $500, 900.
NEW YORK, May 1.-THE failure OF
Messrs. Hotchkiss & Burnham has just
been announced The failure OF Charles
NJ. Bayard, stock broker Of Philadelphia,
is announced by telegraph.
LATER.
2 p. M.-The Metropolitan Bank re-
mains closed, and there is no truth in the
reports that the bank would resume.
Secretary Folger now says that money Is
plenty enough and all that now seems to
be needed is more confidence, and that
seems to be gradually returning.
Donnell, Lawson & Simpson, bankers,
l02 Broadway, have suspended payment.
CD. Seney, President, at IL 80 a. III ex-
expressed a<ayorable opinion of the Met
ropolitan Banks affairs. The bank ex-
aminer has been in charge, and 1t Is
stated he will reports that the institution
is perfectly solvent.
LATEB.--It is feared that If the run
continues the Second National Bank will
stop paying.
The Metropolitan Bank built the Nickel
Plate road and furnished the money for
the Elevated Railroad on the Bowery.
Geo. j. Seney, President of the Metro
politan Bank, says Nelson, Robinson <
Co.'S account is all right, The failure Of
j. c. Williams, of Broad street, is an
nounced, and stocks are being sold out
on his account. John W. Wheeler has
been appointed assignee OF NJ. Bogart <
Co.
THE PHOENIX ALL RIGHT.
The failure of Hatch & Foote was pre-
cipltated by the refusal of the Phoenix
National Bank to certify their checks.
This gave rise to the rumor that the
Phoenix Bank was In trouble, but 1t is
now stated on good authority that they
are all right but refuse to over-certify.
The Metropolitan Bank Directors are
! now in session, and think they will be
ABLE TO RESUME
payment either to-day or tomorrow. 1t
is stated at the Continental Bank that the
friends of Deyett & Co. have made their
account good and that their checks have
now been certified.
WHAT THEY SAY.
Randall, of Golf & Randall, says the
suspension of his house was mainly due
to the trouble of Dyett & Co.
Nelson Robinson says that all the active
stocks in which he traded were sold out
yesterday, and parties having these stocks
and loans will receive their stocks all
right.
NEARING THE CLOSE.
2:l0 p. Mas the settling hour ap-
proaches the rush of boys delivering
stocks adds to the excitement District
Telegraph boys, clerks and attaches of
the brokers' offices have all been brought
into requsition, and the scene on the
street is one of intense activity
2:30 p. Nat the Clearing house the
bank Presidents are in session. 1t is
stated on the best authority that the
banks will stand by each other as they
did in 1873. The resumption of the Metro
politan is considered likely. At the Stock
Exchange delivery hour is awaited with
great anxiety.
MIR. SIMPSON
of Simpson, Lawson & Co.. being asked
whether it was true that his firm had 81
600, 900 deposited in the Metropolitan
Bank, refused either to confirm or deny
the report. The entrance to the Metro
politan Bank is blocked by depositors,
collectors and others.
The First National Bank of Santa Fe
have posted a notice that drafts drawn
by the bank of Lawson Co. will be paid
by the First National Bank.
ONE PER CENT. A DAY.
$40 p. Mooney is now loaning at
one per cent per diem.
3P. M.-Stocks were firmer this after
noon on the announcement that the banks
intended to stand by each other. The
failure of Hotchkiss & Burnham had COM
paratiyely little effect on the market,
which was ragged at the close and can be
called firm, All checks of the Merchants
National Bank of Kansas City and Long
Bros, Kansas City, drawn on the Metro
poltan Bank will be paid by John Patton
& Co., of this city.
THE EXCHANGE CLOSES.
3P. M.-When the gong of the Stock
Exchange sounded one of the most ex-
citing days in the history of that institu
| ton closed.
3P. Mt is reported that DreXel,
Morgan & Co. had Sl,O0O,0O0 in the
Metropolitan Bank. member of the
firm denied this, saying that they had
Withdrawn their large account from that
bank two years ago. Another report was
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