Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1884-05-17
Continued Story Of Financial Dis
htSS in New York.
THE WORST OF THE TROUBLE
SUPPOSED TO BE OVER.
Bracing Up and Confidence Towards
the End Of the Day.
A NEGRO ARMED WITH THREE
PISTOLS REPEis a CROWD.
A Desperate Fatal Street
Fight in Baltimore.
THE USUAL QuANTuM OF MUIR
DERs AND ACCIDENTS
ESPECIAL TO THE sKSzrSEL.l
Condition on 'Change.

SPECIAL TO n s~KSzISEL.l
Condition on Change.
New YoRK, May 16.-Fisk & Hatch are
open for all desiring TO consult the firm,
but no business is transacted beyond re-
ceiving claims and fixing the basis Of set
Element. Fisk said that many Of the de-
positors and other creditors had expressed
entire confidence, and notified them that
their claims would not be pressed.
Business began in the Stock Exchange
without the appearance Of furry. Stocks
opened weak. The Clearing House has
loan certificates ready for instant delivery.
They express . determination to use them
literally, with the view of relieving with
out delay any %stringency in the money
market. There is wild talk about closing
the Stock Exchange.
A Sage in the Panic.
NEW YORK. May 16.-The Tribune
learned last night that q high officer OF
the Stock Exchange had been in consulta-
ton with Russell Sage. in regard to the
lstter's position on his puts. The CONVEX
sation was of the most ~resssuring kind.
Sage asserted thst be had met all his priv
ileges, with no greater obstruction than
was justi6able under the condition OF
affairs. The sums he had paid out recent
ly, he said, have been of much benefit TO
the market. Yesterday alone he had paid
out over $500. 900 on his puts. Nj. Sage's
action, it was said, would lift one Of the
clouds which have hung over the situation.
The Chicago Situation.
CHICAGO, May 1910 A. M.-The open
ing of the Exchange this morning was not
accompanied by any excessive excitement.
Prices were generally stronger, and the
feeling apparently one OF greater conf
dence than on either of the two preceding
days, Notwithstanding the last failures In
New York.
Newark Savings Institution Closed
for $1,000 900.
NEWARK, N. J., May 16.-The Newark
Savings Institute closed its doors to-day.
The bank officers say that Fisk Il Hatch
owe the institution 81 1000, 600.
A Dilemma.
NEW YoRK, May 16.-Sage is not taking
stocks on privileges this morning, but is
making settlements By giving checks for
differences. This saves him paying Q large
amount of money, but his action will COM
pei brokers to sell stocks which they
bought, expecting he would, as has been
the custom, receive them on his puts.
C. r.. Coupons
NEW YORK, May 16-11:30 A. M.-Fisk q
Hatch have posted anotice that the cou-
pons Of the Central Pacific bonds will be
paid at the Office of the railroad company.
81. @. Hardy q Sons have suspended.
All their contracts are provided for.
Stocks underwent . heavy Decentralization
upon the announcement OF the failure, but
afterwards rallied from Il to "a for SOM
shares, but few. The stocks are heavy.
Strengthening Up.
NEW YORK, May 16.-Msnager Camp, Of
the Clearinghouse, says the banks are
availing themselves now freely of the
new certificates. He would not be sur
prised il ten million were taken. To-day
the suspended firms are all busy straight
ening affairs.
Money Easy I'm Missouri.
KANSAS CRY, May 16.-All traces Oh
yesterdays fury in banking circles have
disappeared. The banks are paying in
full to-day, and are moving along as usual
TeIler's illegal Tenders"
NEW YoRK, May 1912 M.-Ths Sub
Treasury paid out $500. 900 legal tend
ers this morning. This strengthens the
baak reserve. The brokers report NOR,
willingness on the part Of the banks t.
make loans. Large mounts come from
Canada, and heavy transfers are made
from the other side. The first two hour
of business, which are usually the mos
dangerous in Q season Of furry, passed
with only one small failure, which hsi
no depressing influence.
Runs wearing Out.
New YORK. May 16.-The run on thu
Emigrant Industrial Savings Bank abatet
to-day. One hundred and sixty Thousand
dollars was paid out yesterday. TIL
Greenwich Savings Bank run has ended
| There is q steady run on the German
Savings Bank to-day. Most of the deposi
tors are woman, but few are drawing out
At the Second National, at the Blocker
street Bank. the run 10 confined II
| Italians. There is q run On the Seamen'i
Savings Bank, but deposits were paid.
The Day End I'm Confidence.
New York, May 16.-3 P. M.-The feel
ing in stock circles is more confident. Ii
fact. the delivery hour passed by withou'
failures and impaired strength. Prices q
the close were active, and advanced 1 to |
from the lowest point. There was sons
little reaction at the close, but speculation
left off strong. Seligman cabled for ship
ments from Europe Of 1000. 600 francs in
Napoleons, and probably f100. 600 of double
eagles from London. Russell Sage has
just stated TO Jay Gould hat he settled
more than three-quarters Of his puts, and
will continue settling up as fast as the
force can figure up his accounts. Aspecu.
lative day ended peacefully. All evidences
go to show that the period Of semi-psnic ia
over. and monetary affairs will qradualIv