Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-16
I'd Edition.
Latest T9lGglans to The Stal.
LATEST FROM WALL STREET.
NO FAILURES THIS AFTERNOON.

NEW YORK, Nay l6
Noon-The frst two hours OF business, which are
usually the most dangerous In q season Of furry,
had no great depressing influence. sub-treasurer
Acton says there was q brisk demand for legal
LENDERS ~ his ONCE yesterday. causing the with
mlllion legal tenders have been paid out and nearly
another million In silver certificates, the latter
oeing Ior payment TO the savings bankA
The Banks More willing % Lend.
Brokers report more Willingness on the part Of
banks 10 make loans A large amount OF money
has come from Canada and heavy transfers have
Deen made from the other side.
improvement i'm the stock Market
Eoon-Stocks have been better since ll:SO N.
Lake shore is up to "a, St Paul to 6Sk, Missouri
Pacific to sss, Union facinc to an and western
Union to 62h.
THE BANK RESERVES STRENGTHENED.
:, Az the sub-treasury g. 10000 In legal tenders
nave been paid out this morning. This viii
strengthen the bank reserves
The Banks All Right To-day.
Il p. ma visit to the various banks in Wall
street and vicinity found matters progressing In
the usual routine manner.
DoNNELI, LAWSON 4 srxrsoH.
about O'Clock to make public how they stand.
Relief from the Clearing House Loan
COMMITTEES.
The meeting OF the clearing house loan commit
OF the association all the money they may require
at par !, on pledge OF government securities This
WILLY IS thought, help materially to ease the pre-
vaihng stringency in money.
PRESIDENT HATCH.
George W. Ely, secretary Of the stock exchange,
IN answer to an inquiry whether President Hatch
had resigned or not stated that no oiicial notice
has been given, but the governing committee will
pected
MONEY AND WHEAT
1910 p. ma dispatch from Chicago to grain
mousse here says: Wheat is higher, but the market
does not look strong. The condition OF the money
market in the west will have more effect on prices
than the affairs Of Wall street, receipts are
Ing to the difficulty OF obtaining money throughout
the country. Corn and provisions are dull and
featureles2
The Advance In Stocks.
new YORK, May Is wall street, l:sO p.m--After
midday stocks were strong and higher again. The
buying for European account was large. At the
Erie office the transfers OF stock for this account is
the market, and rallied ~ Der cent to S8k New
York Central rose ~ to 1l0A; Canadian Pacific ~
to 4O4l, and St Paul 81 to 6sx. The action Of the
the Improvement The Bank OF the State Of New
York has just lent So 600. 0OO government bonds
The AVS have advanced to ITO, and the As to ll9
Some small lots OF the Is have been sold for cash at
1l9.
., Money to stock exchange borrowers has advanced
10 ~ per cent per diem
A Quiet Feeling.
NEW YORK, May 16-Wal street, las p. NJ
Money is now per cent per diem, and stocks are
steady. The feeling at the exchange Is quiet.
NO FAILURES AT THE PRODUCE EXCHANGE.
NEW YORK, May 16.-Business matters at the
produce exchange have rather a gloomy look.
although no failures or rumOrs Of failures cur
rent. The leading members are quite hopeful that
there Will be no panic on the produce exchange,
but some members are discouraged at the outlook
OF financial affairs In Wall street. At the petro-
leum exchange this morning prices broke SIC, or
VfSfQr6AY down
There was some excitement but prices afterward
recovered about &C., standing at l2:l5 p. m. at c.
No failures reported
Runs ON Savings Banks.
The run on the Emigrant Industrial Savings
Bank had abated to-day, and business was being
done to-day the same as usual. About $l60 900 was
paid out yesterday, but dsposltors were returning
Bank run ended to-day. There was a steady run
on the German savings Bank to-day. A crowd sur
They were nearly ali Italians and the run IS co
lined altogether TO them. There was run to-day
on the Seamen's Savings Bank, but all deposits
were paid on demand
Warrington Advices i'm Wall street.
NEW YORK, May 16-Washington advices state
that the Sub-treaSurer at New York reports only
$lO90OO OF bonds offered for redemption there under
ticipaton Of date OF call The excess in the Treas
ury now Is $152 65659. which is fourteen millions
sne ga ana sucent for
The Critical Hour Passed Safely.
WALL STREET, 2l5 p. m.-The hour Of settling
has been passed safely, and no additional failures
have been reported.
Excitement About Russell Sage,s Office.
NEW YORK, 230 p. ma line Of brokers' messen-
ger boys and Others gathered around the ONCE Of
Russell Sage, In Broadway, and clamored for ad-
Holders Of pryegesp We're admitted within the
well-guarded portals the excitement and impa-
thence OF the remainder increased.
The Excitement in Brooklyn Allayed.
NEW YORK May 16-The excitement OF Yesterday
cradle extent to-day, and confidence In the savings
bank has been generally restored. There was
nothing that could be called run on any OF the
savings banks to-day.
ALI Quiet at Three O'Clock.
Bis p. m.--All is quiet at this hour. Orders have
been cabled by Messrs j. & w. Seligman for ship
ment OF gold from Europe.
Chicago Markets Depressed.
CHICAGO, Ill, IL a.m.-The markets became de-
pressed and partially demoralized. Shortly after
10 O'Clock on receipt Of news Of additional failures
sold down to So, but has risen to So july corn
sold down to 81, and has advanced to SIX. Pro-
visions are also very weak.
Stockholders Alleged to Have Been De.
fraHded.
Boston, May 16.-A meeting OF the stockholders
company was held here Yesterday at which there
pointed charges made 1t was openly alleged that
the stockholders had been fraudulently dealt with
and that all efforts to ascertain the assets OF the
company have been unsuccessful. It was finally
voted that a committee of two be appointed to In
vestigate and report at future meeting.
Latest from London.
LONDON, May Is, 6 p. NAT $50 the prices OF
american securities on the street were 1uctuating
The closing prices, however, were better There
have been large remittances OF government coupons
to pay for stocks sold here. Large shipments OF
gold to New York are being arranged.
Latest Foreign News by Gable.
PRINCE BIsMARcKs SUCCESSOR APPOINTED.