Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1884-05-16
S ECOND EDITION.
FRIDAY Evr NINo, MAY 10, 1854.
UN WALL STREET.
MATTERS oUiErISa DOWN THERE

One Failure 10 New YORK city To-day
others IN Other rIaces--h Georgia
BANKERS Troubles.
New YORK, May 18.-It is given out on
Wall street at this hour 90 q. m. } that the
obligations o! Fish and Hatch on the stock
exchange are very small.
The opening of tho Exchange shows no
appearance Of furry and indications
point to higher prices to day, unless new
failures occur
WALL STREET, 11;05 A. M.--The firm of
II. =. Hardey u Sons have just announced
their suspension.
Hopeful CiroumItAnos.
NooN--The first two hours of business.
| which are usually tho most dangerous ip
q season OF furry have passed with only
one small failure, which has had no great
depressing influence.
1880 p. M-On Wall street at this hour
stocks are stronger and higher again.
Prorecting tho Market
1880 A, Tho clearing house banks
have agreed TO advance $50, 900, 900 on
government bonds If necessary to protect
the market. Up to this hour, it is said,
| 81, 500, 900 have been loaned on this col
lateral money is loaning at a9tc. per
cent. premium per diem,
2:15 p. M--The hour of settling has
passed and no additional failures are re-
ported.
| rho weekly Report OF Failures everywhere
The business failures for the last seven
| days throughout tho country number 1872
| for the United States and 81 for Canada, n
total OF 209. Ag compared with 19l the pl o.
vious week, this shows an increase of lS
| failures, just about the number that Uc
cured in Wall street The other sections
of the country report about the Same as
the previous week.
q southLTn IiaUker shut, His Duors.
ATLANTA, Ga, May 1G.-John II.
James, the banker, announced last night
that he would not open his doors to day.
He had control Of real estate to the
amount of half million dollars, which he
| will offer for sale at once, aud which Will
moro than pay lis liabilities.
The associate banks and bankers of
| Atlanta met last night and tendcIed M
James assistance. io declined, stating
that he preferred TO rely on his real
estate, which would fully protect him,
There was no run~Oh his bank and no
closes out OF abundant caution.
The other banks arc confident and
strong, and hlyo organized for mutual
protection.
Failure OF n Savings SanE.
NEWARK, n. J., May 1G The Newark
saviugs institution, which failed SIX years
ago, closed it's doors 10 day Fisk s.
Hatch, tho officers say, owe the bank .
million dollars.
The Newark savings institution failed
four years ago, but was taken in the
guardianship OF chauCery, which, instead
of appointing receiver, left the board o
managers in control TO settle up the ole
debts and receive now deposits which wer,
TO be invested only il government bond
and similar securities aud which inve0t
ment8 were to be especially Tor tho benef
Of the new deposits; and Old deposits hav,
realized 0j per cert. gud thcro Il enough
money to pay the Other 3 per cent, Tht
new deposits have paid an Income Of 3,
per cent, yearly.
MuCn xIItSineLt Ia London.
LONDON, May Is. --j =. M.--Theio is
strong downward tendency in American
stocks. Toe street il croHdcd and ther;
is much excitement.