Daily Los Angeles herald., 1884-05-16
LATE TELEGRAMS.
ESPECIAL TO the uERALD.l
Conditisn Of wall street this
MOruing.

made soon OF the opening OF the Ex-
change this morning was made affairs
were in better condition than for many
months past as new margins have been
called to prevent II rash sacrifice Of good
. cnrities.
Better Feeling Over the Resunp
flon Of the Metropoiitan Bank.
New York, May l5..-The stock
market is very strong aud higher. A
better feeling in consequence OF the re-
sumption Of the Metropolitan Bank Is
shown. Dispatches we're received this
)eping from London houses, by lead.
IL kSfeign bankers, giving orders to buy
both stocks and bon,ts at market prices.
1t was feared that foreign orders 10 sell
would be the chief factor in down.
ward movement to-day. This news
created great satisfaction, aud is re.
gardcd as another break in the clouds
that threatened the financial world.
The Metropolitan Paying or De.
pesitors.
New York, May l5.-The Metropoli.
tan Bank Is reported TO be paying all de-
positors presenting checks. The mum
Der In line Is not over twenty-five,
priscipally boys and clerks. Only one
lady u among the list. The small num-
Der drawing funds is regarded as promis.
ing for the futdre Of the bank.
Ciearanee Or the MetropolItan
Bank Effected.
Nsw York. May Is. The Metropol.
itsn Bank Directors accepted the resig
nation Of President Seney and elected
Vice President Jacques TO succeed him.
The manager of the Clearing House re-
ports the ciearances OF the Metropoliton
Bank effected.
New President Of the Metrepeli-
tan Bank.
NEW York, May l5.-Wall Street
Henry L. jacques was elected President
of the Metropolitan Bank in place Of
George 8. Seney, resigned.
"Werst Now Over"-"lsanks ali
Right"
NEw YORK, May l5.-On nearly every
corner within four blocks OF the center
Of operations crowds Of men are in
earnest CONSULTATION and rassers by can
hear various comments on the state OF
affairs. The majority Of expressions and
opinions take q favorable view II the
situation and such phrases as "Worst
now over, Banks are all right. Jay
Gould won't let the market break, are
heard amid the diu. Wells. Fargo 4
Co. have notified Donnell, Lawson 4
gsnu.o,, tha., x.y.Il ...x. tla ar,f,. th,k
firm had drawn by the Utah National
Bank Of Ogden, Fred J. kissei & Co..
Of the cams place. aud OF Anderson
Bros, Of Eagle Rock, Idaho.
cs9olxsce being Restsfed-Better
fee1lHg.
Nsw YoRR, May I5 Confidence is
being gradually restored and among fin
spcier but few anxious faces are met. II
seems generally accepted that the worst
Is over amt many capitalists are begin
ming to discuss the question as to wheth-
er OF not ID Is time to buy for a iise.
Some few are buying. This TACT relieves
the situation Of its most dangerous ele-
ments, namely, withholding capital from
The market.
Neesetary Felser 70 the Front.
WAsHrSoTos, May l5--Bank exam
iner Serbia believes the crisis is past.
The Secretary OF the Treasury teIe-
araphed the Assistant Treasurer, New
York, rs foilowr;
From this date to June lstfyon are
authorized 70 pay bonds embraced In the
I25th, I26th and l27th calls, with ac
crued interest. subject to decision Of
the Department as TO regularity. As
signments Of expressage to the Depart
ment 10 be paid as heretofore by the
party having bonds redeemed,
(SignedD FoLoER.
Hailure or Fisk 4 Hatch at tive
OscIsek Causing the Greatest
Exettenent.
WALL STREET, N. ", 2r. M.-The
suspension Of Fisk & Hatch was Just an
nounced. The news came like thun-
derbolt on exchange. The effect on the
market was instantaneous, and stocks
dropped from one to five points. Gov
eminent bond, also declined. The
street is in the greatest state OF excite
mcnt.
nuspensfen or the Unisn nank Or
Qnincy. His.
CHICAGO, May I5.@The Journals
Quincy, Ills. special says the Union
Bank Of that city failed to open iss doors
this morning. When the Marine Bank
OF New York failed the Union Bank
transferred It's account TO the Metrnpol-
itaa Bank, and tho closing OF that bank
Yesterday |, given as the cause Of its
suspension.
r,<euspensies or Dimiek q 90.
NEW YoRK. May l5.--Dimick 4 Co.
have failed. Other suspensions have not
effected the market. Dimick is Presi-
dent Of the Bankers and Merchants Tel.
eeraph Company. and the suspension Of
bis firm caused o drop In the securities
Of the Bankers and Merchants Telegraph
Company.
auspe uslsn ef . Dsston Firm.
New YoRK, May l5.--A dispatch from
Boston reports the suspension OF F. A.
Hawley 4 Co., firm which, although
mot heavy dealers. were regarded in
good standing. Hotchkiss and Burnham
are balancing accounts and expect to re-
sums tomorrow.
suspensIen or Stawley q %.
Bosros, May l5.--F. A. Hawlsy 4
Co., bankers snd brokers, have suspend
ed and cannot give statement. Liabil-
tiles not reported.
mswley q COS Suspension Tenn
perary
New YoaK, May l5.-Wall street,
Has A. M.--tomparatiVe quiet reigns at
the Stock Exchange. Its more APPARENT
every moment that the crisis has past.
The suspension OF Hawley 4 Co. in Bos-
ten was caused by n run on the banking
department Of the house, which Is be-
lieved to be temporary.
The Pasie Cenaned to New York.
New YoRK. May 10. = Dispatches
from all points southeast and north state
that there IL no apprehension Of finan-
cisl trouble Of New York extending to
those points.
Grant 4 WARDS Liabilities,
New YoRK, May i5.--Receiver Davis
rcports the liabilities Of Grant & Ward,
u far as he is able TO ascertain at o.,
81 .5sl. The coIlaisrals held by credi-
tors are between ten aud twelve millions.
smprsvemeut In Chicago araIn
Markets.
CHtcAao. May l5.-ll A. M.-The
mari ets opened eth . strong upward
hound tendancy this morning. and start
ipe prices were at u over the best
figurss Of yesterday.
R9set 81 the Crash IN ~. Leass
sr. Iouls. May 10. The news Of the
f;osooisl crash In New York has had no
eppssoiAbIs effect upon business here.