Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-15
m The BROKERS' oryIcrs

N THE BROKERS' OFFICES
Many persons visited the different brokers' ofnces
IN this city to-day TO learn the news from Wall
street. The resumption OF BUSINESS by the Metro
polftan National bank OF New YORK. with 81 500 600
Of bank notes. and the failure OF A. ". pimock &
Co., were known here early and formed the chief
theme OF gossip. The signs OF the times, as inter-
preted by the brokers here, were reassuring, ana
many declared their belief that the condition or
that the shr1nkage In values OF some stocks might
cause the suspension OF few more New York bro
kers nrms, which event, however, would have no
The chairs placed IN mont OF the bulletins In the
brokers ofnces were all nlled to-day, and the tape
on the suckers" was scanned anx1ously.
PURcHAsEs or PERMANENT INvEsrNKNrS
xE Beall, OF Bateman & Co., told STAR reporter
that naturally spectators here have not been buy.
ing during these two days The purchases being
made are generally purchases for cash a. perma-
nent Investments Until the market becomes more
less pretty large margins are given. The orders
which gre reported as being received from Europe
to-day MI. Beall considered as q reassuring sign.
These orders are for permanent Investments
THE BANKS.
At the banks OF the city to-day there was no
igns OF any uneasnesa The receiving teller OF
one OF the banks said that his receipts to-day had
been larger than on any day for a month.
MI; John W; Thompson, president OF the Met
that there was ureastneSs and no reason for any
uneasiness The banks here deal In local securities
ers or brokers to imperl them in case OF a panic
In New York. The banks here, Mr. Thompson
said, act as collection agents for New York banks,
and as rule the account stands, that the banks
here are the debtors He did not think, so far as
he knew OF the condition OF the banks here, that
any failure In New York could AFFECT any bank
here He had not heard OF any indication OF weak
ness on the part OF any bank here Local securities
were In a better condition now than a year ago.
In New York have. as a rule, during the last
month greatly reduced the amount OF these de-
posits, foreseeing trouble.
Mr. n. D. COOKE THINKS TIE SERIOUS TROUBLE n
OVER
Mr.. Il. D. Cooke stated this morning that advices
received fromwan street shows much more salts
factory condition OF AFFAIRS The resumption OF the
Metropolitan bank restored confidence In the mar
ket and prices in stocks rose from two TO eight
points No serious troubles are anticipated now,
although the market may rucr0ate for several
days
Government Relief for Wall Street.
PAYMENT OF BONDS IN THE 18TH, l26rH AND 18TH
CALLS.
The Secretary Of the Treasury telegrapbed to the
Assistant Treasurer at New York at noon to-day as
follows:
From this date to June first you are authorized to
pay bonds embraced in the 125th, l26th and l27th
calls with accrued interest," subject TO the decision
OF the department as to the regularity OF the as
signments. Expressage to department to be paid
as heret ofore by the parties having the bonds
deemed
Signed CHAa ]. FoIeRR, Secretary.
ADvIcEs RECEIVED AT THE TREASURY.
Several private kilograms were received 1t the
Treasury department to-day, giving cheering as
surances OF an improved state OF affairs In New
York, and expressing confidence that the worst is
over. The Controller OF the Currency received o
telegram from Bank Examiner Serbia, saying that
the Metropolitan National Bank win resume to
day, and that he believes the crisis is past.
NEFFECTUAL ATTEMPT TO PASS RELIEF MEASURE
THROUGH CONGRESS.
Before the adjournment OF the House yesterday
afternoon Mr.. Springer asked unanimous consent
to take up the funding bill approved by the bank
ing and currency committee authorizing the Secre-
tary OF the Treasury 70 purchase about $4,000 600
retired national bank circulation Messrs Holman
and Weller objected to the consideration OF the
bin and the House adjourned. being unable to take
any action.
meeting OF the banking and currency commit
tee Will be held on Monday, TO devise some means
OF getting vote on the bill as soon as possible.
THE EXCITEMENT SUBSIDIZED AT THE CAPITOL TO-DAY.
The excitement over the New York bank failures
has subsidized somewhat at the Capitol to-day.
Before the meeting OF the House there was some
disposition to make another effort to pass the
Dingley funding BILL but 1t was certain that there
would be objection raised, 80 for the moment the
amend the bill by authorizing the purchase OF
bonds now subject to call only. MI Weller, who
OpJecUeQ 10 the conSderatOn or Cne Dill yesterday,
gives as his objection that Congress has no right
to authorize the expenditure Of trust fund. He
says he favors cali of the bonds, but wants them
to be redeemed out OF the surplus funds fund.
Ing bill in some form win probably get considera-
ton very soon
INVESTORS TURNING TO GOVERNMENT BONDS.
A Washington banker told STAR reporter to-day
that the occurrences in New York had had no
effect here so far as he had observed except to
make sale for government bonds. People were
Investing In government securities instead OF
stocks and the sale OF bonds In this city this
ing had been unusually large "This is not" said
the banker, "a commercial panic; II Is merely
Wall street panic"
GEN. Swaim's Financial Operations.
PROGRESS OF THE INQUIRY.
When the Swain court OF inquiry met to-day, the
examination OF Mr.. Seth A. Terry, who examined
the accounts Of Gen Swain at Bateman Co. Is for
Gen Swain, was continued at some length.
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