Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-15
I'd Edition.
Latest 1&leglans to The Star.
BAD NEWS FROM WALL STREET,
NEw YoRK, WALL STREET, NAY Il Rs p n
Fisk Hatch have suspended.


NEw YoRk, WALL STREET, NAY IL rs p NJ
Fisk I Hatch have suspended
The Bank 81 Comuercs.
NEW YORK, May Is, Wall street, l.l6 p MT y
stated that the Bank OF Commerce WAS this MORN
ing debtor TO the clearing house 70 the amount
OF over one and hall millionR
Heavy Foreign Purchases q socks
NEW YORK, May la-wan street, leo p. M
Foreign purchases OF stocks and bonds have been
heavy beyond dispute Orders began 70 arrive yes.
Ser0ay aLternoon and have been steadily kept up
The Decline I'm G0ve1pmens Bonds.
NEW YORK, May 1h-wau street, iss0 p m-The
decline In government bonds to IlOallfx for the
registered 4hs to 1l0a1lsH for the coupons 70 les
coupons Is due it is said TO the fact that holders
anxious for cash, are selling Money outside Of the
stock exchange Is per cent per annum-
The New Loan CertificAtes4
NEW YORK, May Is, Wall street. $50 p m-The
clearing house has already issued four million dol
lars Of the new loan certificates authorized to be
given to the banks OF the association applying
therefor.
The Alignment OF Dim0ck & Co.
NEW YORK, May IA. w. Dimock & Co. have
assigned to George Putnam Smith They give pre-
ferences in favor Of depositors to whom they owe
$1,000 or less and order the creditors OF each part
nef to be paid out Of the individual assets.
The Troubles Due 70 Spectulata0n-A
Good Word for Secretary FOl3er.
NEW YORK, May l5-The Nail Express editorial
says:-only banks with speculative managers
OF high bank officials that nine-tenths OF the pre-
sent troubles are due. The great newspaper noto-
turing, railroad, building, and other speculative
operations Of Mr.. Seney and "the Seney syndicate"
have alone brought the Metropolitan bank into q
temporary false position.
1t was not the least OF New York's good fortunes
that New York Secretary Of the Treasury, who
has served as an assistant treasurer here, and
IT, was here yesterday on his way from his country
nome TO washington Secretary Folgers' promps
action went to the limits OF his power and was an
instant element in the confidence begotten among
all our cool and clear-headed bankers and brokers
yesterday afternoon.
The Causes OF Mr.. Seney's Embsr.
rAssment.
A prominent Wall street man who has been con.
nected with Mr.. Seney In most OF his speculations
states that one Of the immediate causes Of his en-
blocks OF AtIan1ic PACING income hoptts and ~
Louis and San Francisco securities, on which he
was unable to realize. He also states that Mr..
Central, which was forced on him at high figures
on representations which subsequently proved to
be false.
The Second National Bank.
NEW YORK, May 1k-The rush at the second
National Bank has about stopped. There were one
hundred and forty Eight depositors up to noon The
clearing house has made ARRANGEMENTS to nay all
the Second National debts
An ENCOURAGING View Of the situation.
New YORK. May la-The Commercial Advertiser
business OF the country has settled down upon q
pretty solid foundation. The after swell which al
ways follows tempest on the ocean will continue
to be felt for some time, but the motion viii be one
OF subsistence, not OF disturbance and havoc"
The Cause OF the Better Feeling.
NEW YORK, May 16-The Mdt-EIpress says
that the greatly improved feeling In financial cir
Giles at the opening OF business to-day can be traced
directly to the action Of the banks yesterday rst
In restoring to issue clearing house certificates,
based on the deposit with the loan committee OF
bills receivable and securities, and, second In COM
Ing to the assistance OF the Metropolitan bank after
having thoroughly examined that institution and
finding 1t In better condition than generally ex-
pected
The Boston Failure.
BOSTON May 16.-T. A. Howley Co., OF this city,
who have been doing banking and brokerage bus
mess have suspended. They cannot at present give
any stament Of their liabilities but state that their
suspension is due to failure to ascertain Just where
they stand. They have been doing business as q
bank OF deposit but the amount due to their depos
itors is not known. They express hope OF resum-
has been rated at about 500, 600