Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1884-05-15
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WALL STREET.


the street this morning is one of unwont-
ed activity. Since early this morning the
brokers' Offices have been open and the
clerks have been busy getting accounts set
tied up. Many of the leading firms kept
their employees at work until midnight yes
terday, and new margins have been called
for so as to prevent any rash sacrifice of
good securities.
The Metropolitan bank has posted a no.
lice on its doors saying that the bank ex-
nmiuers having made an investigation OF
its affairs the bank will resume business at
y O'Clock to-day.
The London correspondents report the
market for American securities advancing,
with strong feeling and no failures.
The transactions in the board so far for
the account Of A. w. Dimock g. Co. have
been stocks bought in under rule, and they
were short of the general market.
Russell Sage is paying all demands on his
privileges this morning as usual. The re-
port that be had laid down" on his con-
tracts was started by somebody ignorant OF
the ways of the street. The only contracts
he refused to take yesterday were on those
on which the usual one days notice was
not given.
AS rule the majority Of the expressions
Of opinion take favorable view of the
situation, and such phrases as "the worst is
now over" "the banks are all right" "Jay
Gould won't let the market break" are
heard amid the din.
The FIRST hour Of business is over and only
one failure has been announced and this one
has not involved any other firms, Conf
dence is being gradually restored and among
fnancicrs fewer anxious faces are to be met
with. 1t seems to be generally accepted as
fact that the worst is over.
The Metropolitan dsrectors have accept
ed the resignation Of President Seney, and
have elected Vice President jacques to sue
coed him. The manager of the Claring
House reports that the clearances of the
Metropolitan bank have been effected.
A dispatch from Boston reports the sus
pension of F. A. Hawley & Co., firm which,
although not heavy dealers, were regarded
as of good standing. The suspension it is
said will be only temporary.
The Metropolitan bank resumed at noon,
and is paying out to all depositors present.
ing checks. Even before the hour named
for resumption the paying teller opened his
window and the first man in line received
his money.
At the Produce Exchange there is no ex-
element, and the dealers are going on in
the even tenor of their way.
The share speculation has been weak aud
lower on unfounded reports of further fail
ures of stock houses Louisville and Nash
vile broke to 81, Lackawanna to 111i,
Western Union to 53j and Missouri Pacific
to 704
WASHINGTON, May 15.-Secretary Fol-
ger has returned here from New York, and
was at the Treasury Department to-day.
Several private kilograms were received at
the Treasury Department to-day giving
cheering assurances of an improved state of
affairs in New York, and expressing conf
deuce that the worst is over. The Comp
troller Of the Currency received telegram
from Bank Examiner Serbia saying that the
Metropolitan bank will resume to-day, and
that he believes the crisis is past. The Sec
rotary of the Treasury telegraphed to the
Assistant Treasurer at New York at noon
to-day as follows:
"From this date to June 1st you are au-
thorized to pay bonds embraced in the 125lh,
10th and 18th calls, with accrued interest,
subject to the decision of the department ss
to The regularity ofthe assignments. Express
age 10 department to be paid as heretofore
by the parties having the bonds redeemed
(Signed) "CHAs. ]. FoLGER, Secty."