Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-05-17
LleHT AT EyENTIDE.
The Bulls and the Bears are Again
Relieved.
NO MORE SERIOUS FAILURES.
Little Curiosity and Less Excitement on Wall
Street.-The Stock Market Resumesa
Healthier tatus--Buying
American Securities. q


NEw foRK, May l6, Wall street, 10 A. u.
The same busy scenes as characterized
the streets in the vicinity of the Stock Ex-
change during the past few days presented
themselves this morning. The feeling of
anxiety in regard to the opening had been
greatly intensified be the suspension of Fisk
x Hatch, and the predictions that more
would follow this morning. Brokers were
on hand early, and when the chairman
raped with his gavel as the signal for the
opening Of business the board-room of the
Stock Exchange was densely packed The
first sales showed fractional declines but it
was only momentary. The clearing house
commissioners had their certificates ready
for instant delivery. The talk of closing
the Exchange was laughed at. The street
soon settled down to work the crowds dix
appeared, and there was little evidence of
excitement except for the presence in the
gallery of many elegantly dressed ladies.
Foreign bankers continued to buy extensive
" and exchange was correspOndingly weak.
Shortly after 10 o O'clOck the failure of Ward
L Sons was announced, and stocks again
became heavy and demoralized
Open for Information.
Fisk i Hatch opened their office for all
who wished to consult the firm but no bust
ness was transacted The firm is hoping
for the best, and considerable confidence in
their ability to resume is expressed. The
coupons of the Central Pacific bonds will
be- paid at the office of the railroad com
Pany. Governments were depressed becauS
OF the fear that the holdings of Fisk L
Hatch would be thrown on the market.
MIR Sage made settlements BY giving checks
for differences.
Sentiment.
When the announcement of the failure OF
Fisk i Hatch was made to the Exchange
Yesterday the halfquieted crowd was dazed,
but It was no time for sentiment Regret at
the fail of the President of the Exchange
could in no wise mitigate the disturbing
effects OF the suspension Of the largest Gov
ernmcmt bond house in the country. The
desire to sell stock that seized upon nearly
every one on Wednesday suddenly returned,
and for half an hour the work of throwing
things overheard was pushed with vigor. In
that last half hour nearly v all the handsome
gains made by values during the day were
swept away. The suspension was not gen
erallv understood, and the extent and ma
ture ofitS results excited the hveiest appre-
henSion. The disturbance was intensified
by the fact that seat in the Exchange was
sold Yesterday for $4,000, the lowest price
At which seat has sod in the loan market
since 1879.
II is said on excellent authority, that the
troubles of the firm date back some three or
four years to a time when they became in
teres,ed in the New York, Wood Haven and
ROckawav Railway Company. Through it
they became interested in the mammoth
hotel at Rockaway also. Both schemes
proved dead failures and the firm has never
been able 10 recover the losses it then SuS-
taiued II has also been hampered by paving
up the Indebtedness it incurred in its failure
in 1873. This it has paid up in fall
Mr.. Seney's Case.
A friend of Mr.. Seney said that he had no
doubt that although that gentleman had
lost heavily, he woRld have enough left to
keep him comfortably after all his obliga-
tionS were met. The Atlantic State Bank,
in BROOKLYN. which went under beneath the
same blow that struck Mr. Senev, who is its
principal owner, expects to resume today.
The Bankers and Merchants.
The directors of the Bankers and Mer-
chants Telegraph Company met and refused
10 accept the resignation of President
Dimuck, whose failure was first announced
in the Exchange yesterday. His failure
will rot harm the company. An officer of
the company said: We have an earning
capacity Of 81 100000 year. Our capt
taiiEation i $4,000, 900, and our bonded in
Gchfedme>s is less than $1,000 900. Our
equipment and service are tirSt-caSS, and
the onls harm that the suspension may do
will De to delay us in reaching certain dis
tant poimtS
The London Market.
I.uSpoN. MAY l6-Opening prices ON the
Stock Exchange this morning were some
what lower than last night, slight relapse
being caused by the adviceS Yesterday from
New York regarding the financial situation
especially by the Fisle ( Hatch suspension.
Shortly after the opening therr was gen
cral irmnesS which prevailed mp to 2:3o.
This was caused By the bears seeking to
cover short sales and purchasing by small
investors.
N-SinCe halEpaSt ! o'clock there
has been strong downward tendency on
American stocks, especially Lake Shore.
The street is crowded, and there is much
excitement
The Afternoon Outlook.
New YoRE. MAY l6-2 p N-The SuS.
pandcd firms are all busy Strengthening out
their affairs Goff { Randle will not have
a statement before next week DimocS X
Co. state it will require some time TO adjust
their accounts. Hatch L Foote, Bogart
Co. HotchkiSs & Burnham and j. c. Will
iams cannot give ANYTHING definite as to the
state ofrheir affairs. Nelson Robinson L.
60. EXPECT 20 resume in a short time. Dan
nell Lawson Il Simpson are not disposed 70
say suything.
Money Is per diem, stocks are steady
and the feeling quieter. The Clearing
PouSe banks agree to advance twenty mlE
liam ON Government bonds if necessary to
protect the market The Atlantic Bank,
Brooklyn. Is open TO day,
2:I5 u. m.-The delivery hour, 2:4O P. m,
has been looked forward 10 with -apPrehen-
SION, all day. 1t came and passed safely,
and mo- fur her troubles can now be toreSeen
or feared The market has grown steadily
i'm strength since clock. Money IS pour
mo in fog investment at present tgareS
and huying orders from London are numer-
OuS.
Tanderhilts brokers have been borrowing
money in large amounts on Government
bonds, and all this viii go into stocks at the
low prices now prevalent.
Card From Failed Firm
Tonael. Lawson 4 Simpson Issue card
70 their creditors asking for all the indui-
gence possible aud promising PTomP'nesS
In settling up.
CYRUS W. Fields Opinion.
NV YoEK. May l6.-Cyrus W. Field
sovs in the Mail & Express; Prices are
now so low that no further decline ougd to
happen in any reelly good stock, and the
country has every reason to expect pros
porous wear. The crop prospects are excel
lent i see no reason why here should not