Savannah morning news. [volume] (Savannah) 1868-1887, 1884-05-16

At the opening of the Produce Fx.
change prices fell of and wild rumors of
failures were started. Subsequently the
market regained what it had lost only 10
decline, however, on the announcement of
further failures in Wall street, The
closing was slightly lower than on We'd
nesday. There was talk at the Exchange
of abolishing calls, as has already been
done in Chicago. 1t was the general
opinion that this would be done Immedi
ately.
THE COTTOe EXCHANGE.
At the Cotton Exchange the market
opened frmer, prices being frmer than at
Wednesdays close. There was little
business done. When the news of the fail
ure of Fisk & Hatch reached the Ex.
change the market broke somewhat at the
close, May had fallen of y points and
June 4 points. Some Of the others had
fallen off one point and others none at all.
There were no failures at either exchange,
BOsToN's BREAKS.
NEW YORK, May Is, 1880 A. MA dis
patch from Boston reports the supensiOn
of +. A. Hawley & Co., a firm which.
although not heavy dealers, We're regarded
as OF good standing. Messrs. Hotchkiss
Il Burnham are engaged in the work of
balancing their accounts and expect to be
able to resume business tomorrow morn
ing.
BOSTON, May 10, ? P. M.-HiIl, STAN
wood Il Co., brokers, and Boston CORES
pOndents of Goff, Randall & Co.. of New
York, have suspended. Their liabilities
Will probably not reach $4,000. The fall
ure is not considered of any significance.
II is now said that the deposit account of
r. A. HaWley Il Co., at the time of their
suspension, amounted to $3.50, 200, and that
their total liabilities are $500, 900 There
are rumOrs that the firm has been sDecu-
iatlng, but nothing authentic is yet
known.
HAwLEY cos FAILURE.
BOSTON, May 10, II P. NH. A. Man
dell mas been appointed assignee OF all the
property, accounts and business of +. A.
HaWley y Co., without preferences. Mr..
HaWIey, in an interview this afternoon,
acknowledged that his failure is a very
pad one IN that ALMOST everything is gone,
and that resumption is impossible. He
says that his affairs are somewhat mixed.
and 1t will require several DAYS before any
statement of a definite character can be
obtained. His liabilities, he believes. will
not exceed $3.50, 900.
BRADFORD's EXCITEMENT.
BRADFORD, PA, May 15.-The Tuna
valley Bank did not open its doors this
morning. 1t was the correspondent of the
metropolitan Bank of New York, and
when the announcement was made of the
suspension of that bank il was thought
best to suspend temporarily. 1t is thought
that tue bank will resume in a few days.
promise has been made to the deposI-
tors that they will be paid in full. There
was run on other banks to-day, but all
demands were met promptly and the ex-
cltement was over by noon.
QUINCY BANK CLOSES.
CHICAGO, May IA Quincy, ILL.,, dis
patch says: "The Union Bank of this city
tailed to open It's doors this morning.
when the Marine Bank of New York
failed, the Union transferred its account
70 the Metropolitan, and the closing Of
Inat Dank yesterday IS given as the cause
for the suspension"
BONDS NOT RUSHED IN FOR REDEMP-
TION.
WASHINGTON, May 15-Up to noon to-
uay put $4,000 OF the $10,000,000 worth of
bonds called by the Treasury on the l27th
call had been presented for redemption.
ENGLISH SPECTATORS NOT ALARMED.
LONDON, May Is, 10 P. Man agent Of
the Associated Press called upon leading
bankers having important American con
nectlons with view to learning their
opinions concerning the panic Yesterday
IN W all street. The feeling generally eX-
pressed was one Of confidence that the
panic should be considered merely local
occurrence. They were positive that it
would occasion no failures in London.
either inside or outside of the Stock Fx-
change. The general sOundness of the
financial situation here is evinced in the
fact that there have not been rumors
OF large failures. The remarkable
decline Of American securities
during the last few davs
mas attracted new class of investors
into the market, who are stimulated also
by the cheapness of money in England.
Germany and France. One prominent
banker said that it was amazing how
little real stock was being sold here, but
ne said the bear sales were immense.
The market shows a strong disposition to
respond to anything favorable from
America. The participation of bank
otficials in fraudulent schemes was CEN
sured. This one thing had done more
than anything else to weaken pubic con-
fdence.
TRAVELLERS IN ENGLAND ANXIOUS.
LONDON, May u, 7 P. M.-The fail
ures in New York have caused
great anxiety and excitement among
the Americans residing here and
having business connections or inter-
ests IN the United States. The
anxiety is particularly painful among
travellers, and many of these have decided
suddenly to terminate their trips and to
return to America.