Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-05-15
The Outlnnk nt ENentihc.
TIE NEWS AT WASHINGTON.
Anxious Faces in the Brokers' Offices

WASHINGTON, May 1.-THE news of a
serious panic in Wall street has deeply
moved Washington, as there has been q
good deal of speculation here within a few
wears. 1t has become quite the fashion to
dal Die in stocks, aud to render spectators
all due facilities, a number of brokers Off
ceS have recently been opened. The affairs
of one of them, that of Bateman & Co, are
Just now being pretty extensively ventilated.
Their custom was very large, Government
clerks and people drawn here BY Congress.
Quite number of Congressman have also
fallen into the habit of taking fly, eS-
pecially in lines of stock, related more or
less closely with legislative pol, '.
There are many anxious faces in the
brokers offices today. 1t is reported
Il 1t the failure of Hatch / Foote will ruin
General Brady. of Star Route fame, as it is
said he was silent partner. 1t is also
rumored that thessNew York Bank of the
Republic, to which ex-Comptroller Knox
has Just gone as President, is topping and
cannot be saved. Representative o. B.
Potter says on the situation that no man
can tell what may happen In his opinion,
the future may hang on Congressional ac
ton. If Congress refuses to come to the
relief of the banks in the line indicated by
his funding bill there may be financial
crash. If the banks can be made stable,
serious evil may he avertcd. OF course
the panic has its political bearings, and the
Republicans are rather nervous. as they
| know any serious trouble of the sort would
hurt them in the camnaiUn
Quakerdom.
PHILADELPHIA, May l4.-Drop in prices
/ here this morning was solely due TO the
sympathy with the Wall street market,
Philadelphia stock listed on the New York
boards were the heaviest sufferers. The
Reading opened at II, dropped to lot
/ PENNSYLVANIA fell one dollar TO %,
Northern Pacifcs also felt the pressure.
The common fell L! preferred touched 43l
| hut quickly rallied TO 45l. One failure i
announced, that of c. NJ Bayard, small
operator, whose holdings were sold out un
! der the rule His disabilities will nod exceed
| $4,000. Prominent bankers emphaticsllJ
| express the opinion that Philadelphia hank:
! which are notably conservative, wuutf ia nj
wise be effected by the trouble q: NeS
York.
At the smoky City.
PIrrsBuRGH. NAY 1.-THE news Of tbs
panic in New York was received with muct
interest that afterwards grew into excite
ment A canvas of the banks shows tha
Pittsburgh can suffer bpt little, If any, a:
the balances in New York have been unusa
ally light for some weeks past, There VA.
some furry at the Oil Exchange, and I
| panic seemed inevitable, bat T. J. Watson
when the bottom began to drop out endeC
the stampede BY buying 500, 900 barrels o
oil Tonight he is the recipient Of con
gratulationS from both haiiS aud bears
His profits are immense
La the "Cream" City.
MnwAuxxx, Mar 1.-THE most intens
excitement prevailed here to-day o
Change. owing to the ruinOus failures i
New York. June option wheat fell from =
cents opening to 85i, closing at sole.
| "Culehad" Boston.
| BosroS. May l4-Boston brokers haV
been anticipating the crash for some vress
and consequently have pursued a consegy
tive course, and we're ready to meet Il