The sun. [volume] (New York [N.Y.]) 1833-1916, 1884-05-18
WALL STREET SOBERS DOWN.
HOW rHE BANKS CONE OUT or THE
WEEKS FLURRY.


0svsvsasas Ds~As Pes Up ~ she Wander.
biisa ~ . Assas-Pssssssas TsssoSA q
che Asa. Resell sags's Psiisy 81 Net
Mssvyaae-oAarn Deoaaa Tor stssks.
There vas . Welcome hill yesterday In
financial and speculative snnirs. No failures
Or saspsnslons were announced IN the street.
money Was easier. and the only excitement
worthy Of note Wa caused By rspid advance
IN DE prfcsa OF Atoeks In tho last half
Of the DIV. The advance appeared to b
larGsly dns TO the general appreciation
Of the pgsssdsnt thai values we're fairly enti-
ID b Q rsestien sftsr vio,sat and coAtinusd
6scliDe. Thsrs we're indioAttoas that the de-
mand for stocks yesterday came largely from
apsculators Who had sold them abort Al tho
Same time purchases for foreign account and
In . small way for domestic investors were 70.
psrtsd. Easier rates for money inspired con-
adeAcA and the faet that the Hon. Russell Sage
Vas at his once and receiving notices ON his
pats for dslivery On Monday relieved good
deal Of anxiety.
vary strong pressure vas brought 70 bear
upoA the oovsrnins Committee Of the Stock
xxOhango ut their meeting ON Friday night to
est them TO do something about Mr..
Sage. Questions growing out OF his 10
luctanoe TO .honor his privileges were
discussed ct great length. aud then the
subject was laid upon the table, The principal
question raised vas whether members Of the
Exchange should be permittod to sell out un-
der =: Euls stocss which !! they had for dsliy.
spos 81 Sin. fhs IuiIsss' s !, the ss HssSsnss
hhsvs alEsys rssoanissd the obsieati;1,n ns
pI prse Sss os ss sSnTsSt g.
~, q y dsS.s$ isf =: ssSsf e ease
Ssss untij the holder sonSsrs q dsnsnds d.
sS srd 20 g. The o. :s ca s gives evidence Of
NJ. Sage remained locked In his. ofiice YES
terdsy: and the DOOR was guarded y By two 10.
il IA Railways. apparently Tor Inc purpose Of
4ssls Ms n se g s
broker declares that Mr. Sage stationed mos
,snssr boys In ths IKE 81 hs 0Ge With
much time. while prices rose and profits van.
lFHg ne fashion OF calling their loans into which
many institutions and individual lenders fell
the week wins Sesrs subject 81 d
Sst ono institrtlon on, Friday dema nded ad.
ditlonal collateral on a loan for which Govern:
Sond. Sosa The Hsaf
afEector who was speakinG 81 THIS transaction
dor notes we all might as we'll stop business. A
moro unpBtrt0ttc. or. to speak plainly. idiotic
proceeding have never heard Of"
Tho members OF the Stock Exchange began
10 turn their attention yesterday to the matter
q oIecting q President to succeed Mr.. A. ..
tee VIII 30 ppoin ted early this week. Atprosent
very ssronsiy IN favor 81 NJ. William i Iu@ms
the yics-Presidsnt, and since Thursday, the
Who have spoken 70 hin, relative 70 Ills con;
that hs would no. censens to the use e, q
ness and because be feels physically UNI
e9usl to the labors q the post Among
most attention are MI. Thomas Denny's and
Mr.. Donald MackaJs. Mr. Denny Is one OF the
eldest and most conservative members Of the
Exchange and Mr. Mackay. who Is OF the head
Of the house Of Vermilye Co.. 10 an OK.
President Of the EXCHANGE.
"A drop OF about 10 per cent. In the price Of
United States Express Company stock elicited
letter from its President, Thomas G. Piatt to
the President Of the Exchange. which was read.
stating that the COMPANY never had any trans
actions With Grant Ward. and that It's only
interest In any ofthe recent catastrophes was
deposit OF $40 900 in the Marine Bank. which 1t
believed would result In no loss to the company.
The bifs1or bank stocks have changed more
or less during the week. The moro noticeable
xtz~S All.