Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-16


large amount Of stocks have been paid for and
Wlthdrawn from the street.
Fisk & E1atch's obligations on the
Stock Exchange Small.
The obligations OF MesSrs Fisk & Hatch on the
stock exchange are very small
MI c. +. Clark. receiver New York and New Eng.
land Railroad CO., tiled statement with the r.,il.
road commissioners Of New York for the quarter
ending March 3lst, which shows net earnings OF
$1O9, ,302.
Quiet Opening Of the. Stock Exchange.
10 A. M.-The gong has sounded and the days
business has begun at the stock exchange. There
Is no appearance OF furry the floor, and although
the various pools appear TO be larger than usual
the number OF offers appear TO be equal to the bids
talk with few members OF the board brought
out the fact that they believe in higher prices
to-day, unless new failures are announced, and nc
very probable, but at this writing 1t is impossible
TO predict what the day may bring forth
The Clearing House Committee.
10:15 A. M.-The clearing house committee have
the loan certificates in readiness for instant deiv-
cry. and express a determination to use them lib
orally, with the view OF relieving without delay any
Stringency in the money market. The wild talk OF
closing the stock exchange is treated with we'll
action, the speculation being in no sense panicky.
An Old member OF the board says that the dealings
are much less f1urried than on many occasions
when no particular reason existed for excitement.
An officer OF the STOCK exchange states that he has
been informed by Russell Sage that he will meet
every ''put' sent In, but must proceed slowly.
Settl1nR Down 10 work.
1890 A. M.-The street has settled down to work.
There is absence Of Idle gazers and the vicinity
OF the exchange is no longer numbered with the
masses OF curiosity seekers, who only served to
who had business the street. The visitors gal
lerieS are Still well nlled and the door men are
Obliged TO discriminate as to those admitted. A
majority OF those looking down on the brokers are
elegantly dressed ladies.
NOTICE FROM FISK & HATCH.
1045-Fisk & Hatch have po ted notice, saying
fhsf NJ q fontr {f1ol
paid at the Office OF the railroad company in the
Mtlls building.
THE BOND MARKET FEvERlsH.
1850 a.m.-MeSsrS. Belmont, DrpXel, Morgan & Co.,
Seligman, Won Hoffman and other London bankers
have been principal buyers OF fancy stocks at the
opening Of the market philadelphia is buying coal
STOCK Vanderbilt brokers are projecting North
west. Union Pacific and Western Union are prin-
ctpally traded in by specialists. The bond market
Is leveriSh.
Mr.. Sage Making Settlements by Checks
kernan's agency says Mr.. Sage is not taking any
stocks on privileges this morning. but is making set
Elements by giving his check Tor differences. This
action will compel brokers to sell stock which they
have bought, expecting that Mr. Sage would re-
ceive it on his "puts."
stocks on privileges this morning, but is making
settlements by giving his checks for the difference
that is, instead OF paying for the stock in full he
gives holders OF his ''putS the profits ACQUIRING
the trans actions OF course this saves him from
paying out large amount OF money, but his action
Wi compel brokers TO sell the stock which they
have bought, expecting that the great privilege
dealer would. as has been his custom, receive them
on his puts"
No Commercial Bills i'm the Market.
There no commercial bills in the market, and
the weakness is attributed entirely to tile desire OF
bankers TO mark down their exchange TO obtat
money to loan in this market at the prevailing high
rates.
Government Bonds Depressed.
II A.. M.-Government bonds are weak ana de-
pressed. The 41ss and 4s, which closed at 110a1l2
and 120a122 the street last night. now l0S16
1G9s1 and lI6a119. bank president says the weak
ness Is caused By fear that Fisk & Hatch's hold
ings may be marketed
HI. c. Hardey & Sons, Suspend.
11:05 a. NH. c. Hardey Sons have just an
nounced their suspension to the Stock Exchange
AL contracts of H. c. Hardey & Sons at the STOCK
Exchange are provided for.
street. They state that all their contracts on the
Exchange have been provided for. and their sus-
pension Is at present unaccOunted for.
Stocks DemOralized.
Stocks are heavy and demOralized on the Hariey
failure. Lake Shore is down to 81.
The share market opened weak and feverish. ex-
cept for Western Union and Union Pacific. Rumors
OF failures continue but no announcement has been
made up to 1922 a m.
A Rally In the Stock Market.
WALL STREET, 1125 a m-The market shows
rally of y TO 2H per cent for some shares, but few
1Oe, against 40 this morning, while Lake Shore is
back to s. Manager Camp, OF the clearing house,
OF The new certificates HE would not be surpriseS
If $1,000 600 were taken to-day.
Vanderbilt Expected to be a Buyer
When he Reaches England.
NEW YORK, Wall street, 1880 g. m.-The Wander
bilt brokers say their chief will reach London be-
fore Monday and they expect to receive heavy
orders from him to buy. He win nnd when be
reaches land that his stocks can be purchased at
much lower figures than when he left them to the
tender merces OF a thoroughly scared public
The Suspended Firms.
The suspended firms are all busily engaged in
c<ro ofrt,t yprff b Do, GIa
not expect to have q statement ready before next
week. DimOck & Co. state that it will require
soea and
lams cannot give anything definite as to the state
of their affairs. as yet Nelson. Robinson Co.
expect to resume in a short time. Donnen, Law.
son Simpson are not disposed to say anything.
Sterling exchange quotations. are entirely nomi-
Business Failures Of the Week.
The business failures OF the last seven days
throughout the country, as reported by telegraph
1872, and for Canada q, or total Of sOs as CON-
pared with a total Of ls1 for last week. showing an
% the
wall street. The other sections Of the country re-
port about the same number OF casualties as last
week.
Protecting the Market.
l:o0pm.-The clearing house banks have agreed
to advance twenty million dollars on government
Ss e Is ss9 sne %se Up 70
this collateral Money Is loan1ng at 4 and per
cent premium per diem.
No Additional Failures Up % ISIS PIN.
WALL STREET, Els pm.-The hour OF settling has
been passed safely, and no additional failures have
been reported.
American stocks In London Take q
Tumble.
LONDON, May 16 p. m.-Since half-past four
strong downward tendency IN American stocks, es-.
Rsca u LAKE Lax rs sner has The street
LONDON, May 16-The opening prices on the stock
exchange this morning were somewhat lower than
last nights closing prices The slight relapse was
caused by the adyices OF yesterday from New York