Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-17
kilograms to The Star
CONFIDENCE RESTORED.
WALL STREET BRIGHTENS UP
Run ON NEWARK SAVINGS BANKS
THE METHODIST CONFERENCES.

THE METHODIST CONFERENCES.
THREE ASsassIRs HANGED BY A MOB.
A MAY SNOW STORM AND HEAVY FROST.
:AFTER THE FINANCIAL STORM.
Opening Quotations in New York and
New York, May II, Wall street, 10 a. m.-open-
Ing stock quotations: American Express. 90; Cam
ada Southern, ssA; Central PaGi1c, 46; Chicago
Burlington and Quincy, 117H; Delaware, Lacka-
wanna and Western, lie; Denver and Rio Grande
1sA; Erie, 157s; East Tennessee, 8; Kansas and
vile, IS; Missouri Pacific 7016; Northern Pacific
q; do. preferred, 49; Northwestern IGik; do pre-
1So oregon PsS;r
Rock Island, 115A; St Paul, Il: St Paul, Mime
sofa and Manitoba, 50; Texas Pacific, 12a.; Union
Paclnc, As; Western Union, 55X.
LONDON, May IL, 2 p. MI. & bonds, IS, 121 &;
DO, AVS, 11s; Atlantic and Great Western lists,
Sew Jersey G central n lists III Erie 1875 New York
oS's; Mexican, 4o1l; st. Paul, 75a.
An Advance, Followed by Reaction.
1925 m--The improvement which set in at the
close Yesterday made further progress this morning,
when there was an advance Of 4 to 80 per cent.
Central Pacific is the feature, and reached 46h.
, western A. Union rose to 56a, Northwest to 1O5 st
Paul TO ny. Lake Shore to ssk, and Pacific Mail
3SH. At the present time prices show reaction of
10 per cent.
The Sales Of Lake Shore.
Wall street 1880 a. NIT is stated that the large
sales OF Lake Shore made by Appointment Broad
way mouse yesterday, which were generally sup
posed to have been stock purchased to deliver on
cSts TO N MI sage were actually to close the ac-
tne early part OF the day, but which arranged its
aHairs satisfactorily before the close OF business
New President Of the Stock Exchange.
,oI Inc New York stock exchange members will bal
lot On the 26th instant for new president to be
elected in place of Mr.. A. S. Hatch.
MIR. Sage's Privileges.
the governing committee OF the stock exchange
TOOK no action Yesterday in regard to Mr. Sage's
that he Will do all in his power to allay any dis
trust, and members holding his privileges urged
10 ACT as eonseryatyely as possible. being assured
Idly as his facilities Will allow.
Orders from Abroad.
Foreign bankers expect that orders from abroad
and that If the money market becomes easier an In,
crease 1h the demand for European account may be
looked for.
Coal Stocks Rally from Temporary De-
preston.
11:30 a. NAT about II O'Clock this morning the
coal stocks became weak and lower jersey Gen.
tral fell to 40. and was offered at 6sk, seller Co.
Reading declined to 3Ox and Lackawanna to IO9
Jersey sold at as at the opening.
ll45 a. m.-The market has rallied again under
the leadership OF Western Union, which sold up to
56H; Lackawanna is back to ITO, Reading to 5lX
and New jersey Central to 72.
The l. Roads Contract.
meeting Of representatives OF the Manhattan,
New York and Metropoliton elevated railroad com,
panies was held at the residence OF Mr.. cyrus W.
Field last night The new contract was agreed
upon and has been signed by controlling
tan companies. Mr.. Kneeland was to report to
his principals. and it is now expected that before
the close OF business to-day the METROPOLITAN people
will append their signatures.
" saat Pool Commissioner Fink Saws.
Pool Commissioner Fink, who is now on Wall
street, says: "Railroad matters are simply sec
ences ofcourse, in times like these railroads can
not get all the money they are entitled to, but at
existing rates. things are going on as well as can
occupy our attention We are considering the advi-
stability OF raising rates on some things but so far
as grain Is concerned, fear that the Is cent rate
will have to prevail"
Fluctuations I'm the Stock Market.
Stocks made a further advance, but have since
declined \ to per cent In sympathy with a drop
ID Reading TO 2S24. At noon the market was shade
hrmer.
Weekly Statement Of the New York
Banks.
The weekly statement OF the associated banks.
issued from the clearing house to-day, shows the
Following changes Loans, decrease, So 800;
specie decrease, 81 527 600 legal tenders decrease
unchanged; reserve, decrease, 81 32s 42 The banks
now hold s., ,la7 Oa5 In excess OF the legal require
ment.
No New Features This Afternoon.
1:30 p. m-Ihereare no new features to the share
speculation thus far this afternoon. The market
is strong except for Louisville and Nashville and
Missouri Pacific, which are rather weak at 81 and
6915, respectively. The drop in the coal shares
this N. was due to reports OF the disruption OF
the coal combination, but this has been officially
denied. Money, which opened at six per cent per
annum and rose to u per cent per dIein is now ten
per cent per annum.
Russell SaRe,s Door Repaired.
At the Office Of Russell Sage the broken door had
stout wooden bar. There was no crowd, and the
solitary police officer present had nothing to do.
Mr. sage says that he viii meet all his privileges as
lar as his facilities will allow. At the clearing
house the loan committee continued in session as
precautionary measure .EsG
The Suspended Brokers.
Mr.. HOtchkiSS, OF HotchkiSs & Burnham said that
they had already liquidated over one million dollars
of indebtedness and the firm would resume active
business as soon as the interests OF those concerned
would allow.
At Gone & Randles the assignee said that a
statement would not be ready before next week -
AT the Office OF II. c. Hardy & Sons it was said
that statement possibly might be ready later to-
The offices Of Messrs Hatch Foote, A. W.
DmOck Co.. Donnell, Lawson & Simpson, j. c.
Williams g. Co., Nelson, Robinson & Co, o. W.
Bogart & Co. and Fisk Hatch were visited and
matters were found very quiet. statements In most
cases being we'll under way. 1t is hardly possible
that Grant Ward will present a statement to-day
The Oil and Produce Markets. :.
At the Oil exchanges prices were active and no
failures reported the result OF yesterdays squirt
Oil opened at TN, sold up to 80, and later at s9k
az:
VIM. Pinkney, doing business under the firm
name OF Benner Pinkney, merchants at I9 Old
Slip, to-day filed an assignment for the benefit OF
creditors to Harrington Putnam with preferences
amounting to s23,3O0. Any amount which may
be due to the estate OF George Alderslade is also
preferred
This morning at the mining, stock and petroleum
exchange the market opened with an upward ten
dency, going from ~ points up to points to So.
AT noon It began to drop rapidly, and soon went
down points
At the produce exchange the wheat market
opened steady and easy. At noon 1t fell q little
lower, but was easy.
Run ON the Newark Savings Banks.
NEWARK, N. j., May 1.-THE run on the Howard
Savings and Dime Savings banks here which began
yesterday in consequence OF the Newark Savings
bank failure continues to-day. The bank mana
gers are cool, and convinced that the Is tempo
dollar as fast as It is wanted. Receiver Wilkinson
OF the Newark Savings bank, went to New York
to-day to collect the loans which are payable and
Will return this afternoon, when statement OF the
banks affairs to the chancellor will be made Pres
1dent Dodd was at the Institution all day yesterday
and takes the situation COOL He acknowledges
this morning that $4,000 OF the bank was In cash
In the hands OF Fisk Hatch, who paid the inter-
est on the sum pending he says, its permanent in
securities, and win await the orders OF the chan:
ce llor after submitting his statement
The Chicago Markets Steady.