Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-14

clearing house on April Ssth uhs iaa isued). tne
condition OF the Metropolitan Bank was ~ follows
Capital. ts 100000; net prorts, 81 .1e0eo9 circulsr
uon, $500 due banks, $500 o. Que % osPos
sis.soo; certined checks, s757 go
Secretary FOlger says the Break ID
Duc 60 Reckless Specusaetsa.
Secretary Foleer says the break Il due 20 rockles
hereptly weak. He VIII DO everything In his powUr
10 prevent str1ngcncy In the money market He
rurther stated that there Is plenty OF money IN The
country DO not anticipate any extensive panic
oence.
ALL RIGHT AT THE rHaSrx sAxE
Az the Phoenix Bank everything n quiet and
serene An ocer says that there is not the slight
est trouble and no run on the bank
KUN on the Second National HANK.
telegram from s3d street reports three lines q
depositors demanding their money from the second
National Bank. II is feared that the bank viii
stop paying out money.
large number OF depositors were gathered nj
Ine second National Bank building this morning.
The directors az the bank have each put ia q Ger.
tain amount OF money 10 cover the deficit but Just
what proportion each contributed could not be
learned IL is thought though. and not deniei
that MT. Amos r. Emo, the Isfher OF John c Ena
the late president OF the bank. contributes the
lions snare. lhls morning IN order 70 accommo-
date the rush that was expected the bank was
opened at $50 O'clock. immediately stream of
ln.
OF them being ladies' some OF them came 10 de-
post out could not on account OF the crowd which
was there 10 draw out their deposits
Shortly afterwards the following notice wns
posted on the mont window: AFTER an inyeetica-
uon OF the affairs OF the bank satisfied that it
signed, "A. NJ Serbia, national bank inspector"
This notice caused q good many TO turn away
satisfied All those who wished 20 oraw their DE-
posits were given them Secretary OF the Tressrry
Foger came 10 the bank this morning aud conCrat-
ulated MT Emo and the president on the succeszfu
m ThQ haF akfs
one OF the directors or the bank said that the rea.
son they opened it 80 early this morning was 70
ious Than the men, and great many withdrew
their deposits All was order around tie bank and
there was not much excitement
Peculiar Position Taken by the Con.
tinental Bank.
The Gfl-ELpreSs says: number OF the friends
OF John Bloodgood & Co, who had an uncertinea
check OF Dyett Co for $4,000, said: "Tne posa-
ton taken by the Continental bank is very pecu.
liar one. The bank took al the stock offered it
by Dyett co. and refused 10 certify the check
although they had ample securities 10 cover an tie
amounts We are waiting 70 see whether the bank
Mr. John Bloodgood himself, though reported 70
be loud la his denunciation OF the course pursued
by The hank last night at the Windsor, refused 70
Say anything this morning.
President Randolph, Of the Continental bank.
said: II do not want 10 make any statement TO de-
fend the policy OF the continental bank. Ths
action OF the bank should speak Tor itselfn
From other sources IL was gathered that friends
OF Dyett Co had arranged 10 make their check
good ON behalf OF the Continental bank IL WAS
stated u II took wise course In holding securi-
ties against the checks presented.
What Hatch Il EOOte Say.
Hatch a Foote state that their suspension WAS
not caused by the refusal or the Phpnlx bank to
certify checks, but was caused wholly by the er-
haustion OF margins The refusal OF the customers
70 renew them, and their inability 10 sell stocks
without undue sacrifice.
Quieter Feeling az O'Clock.
WALL STREET. p. m.-There is much quietef
feellng at the stock exchange. and general recoy.
cry In prices from the lowest point
Great Break I'm the chicago PrOduce
Market.
CHICAGO, May Ia, 1918 am--Session thus Tar ON
Change to-day tumultuous Depression In Wall
street had visible reflection here and accompanying
downward tendency In stocks great break IN prices
occurred In grain markets. Eject was particularly
felt In wheat pit where opening prices were nearly
cent under lowest figures yesterday. July wheat
opened In vicinity OF Sg cents. dropped TO 6x then
was sustained for few moments, rose to S9E but
fell on again TO ssh, and since rallied TO esA.
June ranges cents under july. Corn shown great
nrmness; July fell on 10 57h, but rose to g. now
5sjs; June pork quoted l725; June lard SseA.
QUICK RECOVERY OF THE MARKET
CRIcAGo, May Ia, I1:l5 g. m.-In the face OF the
after the early decline, have shown gr(kt steadi-
ness July wheat fell on 10 S71s, but has risen again
TO SSk and displays considerable strength under
heavy offerings July corn quoted firm 81 kasa
A Suspension In Philadelphta.
PHILADELPHIA, May I4-The suspension OF Chas.
N. Bayard, stock broker at 2ls8 Walnut street e
announced His liabilities are not considered 70 h
heavy. de was long principally OF Reading.
NEW IERSEv nEvnCn Ara