The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-05-17
Races at Louisville, Ky.
COlOred

exchange this morning prices broker
81 or from 1917. Al the close yes
terday down to So. Some excite
ment, but prices af6er"a ards re
covered about standing. NO fall
Manager Camp, of the clearing
house, says banks are awaiting them
selves now freely of the new cert
ifcates. He will not be surprised
il 100000 be taken to- day.
Suspended firms are ell busy
Strengthening their affairs.
Noon.-The sub~treasury palo
out $3,500,e0O legal tenders this
morning. This strengthens the
bank reserve. Brokers report more
willingness on the part of banks to
make loans. Large amounts come
from Canada and heavy transfers
are made from the other side. The
frat two hours Of business which
are usually the most dangerous In
the season of a furry passed with
only one small failure which had
40 depressing influence.
C. z. Huntington, president OF
the Chesapeake & Ohio Railroad,
interviewed regarding The state
nent that Fisk s. Batch were en-
barrassed through holding stork ks of
that road and the Gel trial Pacific,
responded: "The reports are un>
true. know the firm has not any
Central Pacific, and blink 1t cannot
hold any Chesapeake & Ohio. unless
it is some that it had before the panic
of 1878. The firm sod most of its
Chesapeake & Ohio at high prices,
but may have some still, possibly
1000 shares"
The meeting of the Clearing
House committee resulted in the
decision to loan to members of the
association all the money they rex
quire at par on the pledge of gov
eminent securities. This will, it is
thought, help materially tc ease the
prevailing stringency OF money.
George w. Ely, president Of the
stock exchange, in answer TO an IN
curry whether President Hatch had
resigned, stated that no official
notice was given, bit the governing
committee will meet when action
is expected. A visit to various
banks on Wall street found matters
progressing with usual routine. At
the Metropolitan bank business was
going on as before the temporary
Bank examiner Serbia
10 the comptroller of the
currency that the institution was
doing nicely. The rest of the banks
are running as usual. Affairs seem
to be again settling down to the
foremer conditions.
Business matters at the produce
exchange wear another gloomy look,
although 10 failures or rumors of
failures are current. Trade is not
disposed to operate 10 any material
Shippers operations are
checked by the extreme difficulty Of
selling sterling exchange. Prices
are all lower, and tending down.
ward. Leading members are quite
hopeful that there will be no panic
on the produce exchange, but ONE
members are discouraged by the /
cutleok of financial affairs on Wall
street.
The run on the Emigrant Indus
trial savings bank abated to-day;
$3.50, 900 was paid out yesterday.
The Greenwich savings bank run
has ended. There was a steady run
On the German savings bank to-day,
mostly by women. There were
many deposits but few drawing out
at the second national.
At the Blocker street bank the
run was confined to Italians. There
was q run on the seamens saving
oank, but depositors were paid.
The excitement at several Brock t
yn banks has Gained down. The
4 Atlantic state bank was open to- s
lay, but no business was transacted.
rhe bank examiner got through last
light and found everything all
light and the capital of the bank i
The sub treasurer here reports
My 100000 o. bonds were offered t
or redemption under Folger's pro- I
)osition to redeem in authorization I
# the date Of the call. The clearing t
louse banks agreed to advance t
+~N5 NNNS wv Oh S5OfC4AUuOuU JULIUS u
t nece .sary to protect the market. /
Phe time for settling passed safely
10 additional failures.
The feeling in stock circles is
more confident. The fact that the /
delivery hour passed by without =
ailures impaired strength. Prices !,
It the close were active, and ad. y
Tanced 1 to from the lowest point. >
there was some little reaction at this =
lose, but speculation left off strong L
Ieligman called for the shipment y
rom Europe Of 100000 francs in .
Tapoleons, and probably 100000 :
ounds double eagles from London. "
sussell Sage has just stated to JAY
-ould that he has settled more than
1ree quarters of his puts, and will
1ntinue settling UP as fast as his G
,rce can figure the accounts. The o
day ended peacefully. 8
II evidences go to show that the 2
eriod of semi-panic Is over and @
lonetary Affairs will gradually re- d
Irn to their accustomed condition. b
Newark, N. J., 16.-The Newark .
avings Institution closed its doors L