Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1884-05-15

70. have received word from a Phil
oeipnia hoase thai they car have > n -
money wanted. The Bard ~ NJ,
ayers OF toe Stock EXCHANGE have uvos
ed IN Official notice tat she sYchsrc
vi 40, eiose until the usual hour. r
" DIS aEec'ine sev.rd national bank
oontihoe living atsoa; the streets, b-
i1"he can De traosd TO reliable sources.
At WASHINGTON. -
Ine Secretary of the Treasury an
noanees that the Department ia Hre
paleo % red=em the bonds embraced II
tne one hundred and txenty- seyeutl
oaii PRIOR ID the date OF maturity, Jun
@01nr 1884 With interest Ia the date o
PRESENTATION. fne condition of tn
1iesssury today Il: gold and bullion
.iso, 4355l; silver dollars and bullion
Siio.ZII. az; fractional silver. 50 81.
o'4; United States notes. SD. sac Pol
total, S4Zs.3l0,sls: certificates outstand
ing. gold SCI, Ssii co.; silver g3.sl6.5Il
currency xl5.5OOQ0.
Ine Comptroller of the{sarrancy earl,
tais morning telegrAphsd to Bank Ex
aHnineF s;srIoa. AZ Nv York ~ 90 I,
t1e Second National. and invesslsa,.
'oe fatn"rs OF troahle, anu received IL
reply the followIBe telegram:
run Oh the St-csYnd NattanaI hank
nave sesared gu4rantess for all de6.
cheney, ani money will be Supplied the
nahk until the run ceases. Toe capital
- intact With small surplus Partisu-
iars by mail"
The COMPTROLLER subsequently reeeiy-
"a private telegram. saying: The
desropoi an National bank closed is
doors. and there 10 great excitement In
New York, but no general panic" H.
thereupon Photographed Serbia to 90 to
ths Metropolitan National bank. He
repii-d rs follows: Tine METROPOLITAN
nts closed lis doors. have taken
Gu srge. an axait instruotionz." lac
y imp roller Instructed Serbia 60 remain
IN charge.
In reference TO the condition of the
banks OF the country at large, the
Comptroller says: "Tney seem to be In
tL exceptionally strong condition. most
OF them carrying unusa lily large re-
serves
AT CHICAGO.
CHICAGO, MAY l3-Ie.IO a. n.-rhe
change thus far en- 'Chs-,se tsIav mas
been tumultuous. aud the depression Ia
Wall street has besu vlsloly reflected
here. Accompanying the downward
tssdency IN stocks, q great dec Inc In
prices occurred in the grain markets.
lne eject was particularly felt in wheat.
where the opening prices we're nearly =
cent ind r the 10 xest figures of yester-
day.
III a. m.-Whesi, 15SdlA lower. and
depressed, due to lower western advices
and panIcky news.
i:i5 a. MIN the face of the pan
lcky news from New York tue markets
here. after the early decline, have shown
great steadinsss. July wheat fell off to
Sits. but has risen again to ss1<, aud
displays considerable strength under
heavy Offering. July corn IS quoted as
tirIn at 57Js(d5S.
There has probably never in the his
! Try OF Chicago been time when re-
ports we're more industrieusly circalat-
Cd with view of breaking the grain
market than at present, but they stood
the strait upon them without waverine
Interviews With every leading broksr in
the city tend to the view that the New
York panic can have no lasting effect
hers. IL has been cont ended that the
banks which have failed in Nsw York
are what are known as speculative banks
and should have no be ring upon the
conservative banks of the metropolis.
he effect here one banker is
quoted as declaring that the Chicago
banks have a plethora of money and that
the city today is a financial Gibralter
which may be assaulted put Not injured.
IS BOSTON,
Bosros. May 1.-THE banks which are
of the suspended Metro
politan Bank of New York were visited
WITH view Of ascartaining the amount
Of balance between them and the sus-
pended bank, and in each case the OIL
,ers stated that the balance vas small
and in no wise affected them.
IN PHILADELPHIA.
PHILADELPHIA, Nav l4.-The snspan-
sion of Charles NJ. Bayard, stock broker,
ia announced; Liabilities not heavy.
IN BROOKLYN.
NEw York. May l4.-The Atlantic
State Bank of Brooklyn closed its doors
This afternoon. This bank is the Brook
yn correspondent, of the Metropolitan
Bank. Its capital is S. 300 600; surplus,
Ri .000,0 600. TIE President Is q. Peiffer.
THE OIL MARKET.
PrTrsBuRa, Nav IL. -Rnmors Of heavy
failures In New York and the report that
ths stock Exchange had closed its doors
has demoraliz d the oil trade here and
intense excitement prevails AZ the pc
troleum exchanges. The market opened
Ieyerish at 81 and advanced q when
here sas a general stsmpeds caused y
reported Wall street disasters. Immense
blocks of certificates we're Jumped on
The market end for few minutes prices
dropped to 81. Hesvs buying by shorts
i sd the effect of partially r~s-orinR
soma lence At this jlneture and prices
rallied slightly, bat n Telegram aunounc-
ing the failure of tue Metropolitan
Bank quickly destroyed the Rood effects
Il shart purchases, the trade bectme
D ,n.c stricken and the market declined
RAPIDLY IN slli. closing At noon al 81 y.
Sith the feeling weak and unsettled. 81
bar NJ failures have been reported.