The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-05-17
TIE CLOUDS ROLL BY
AND LEAVE A cLIAR FINANCIAL SKY,
Matters in Wall Street Gradually slralshtsnlns s
out-ssna,or sherman Thinks the Country Safe.
The Flurry will Have no EHtet on tho 70.
litical PArlfts-BIltk Friday In Oli.

NEW YoRK, May lG.-The auspende
firms are all busy Strengthening ou! thei
affairs. GoG & Randle will not have atate
ment before next week. Dimock & Ok
state 1t will require some time to adjus
their accounts. Hatch & Foo.e, Dogart 1
Co., Hotchkiss & Burnham and ]. @. VII
liams cannot give anything definite as f
the state Of their slflirs. Nelson, Robin
son & Co. expect to resume in shor
time. Donnell, Lawson and Simpson a,'
not disposed to say anything.
Manager Camp, OF tho Clearing House
says the banks are availing themselves NOR,
freely OF the now certificates, and he vii
not be surprised II sl0,000,00O arc taker
to-day. .n".
The Vanderbilt brokers say their chic
will reach London on Monday and they
expect to receive heavy orders from him {
buy. N1'r9 sll ~
>Oa money there is no quotation to-day
at the sub-Treasury $3,500,00O OF leca
tenders were paid out this morning. This
strengthens tho bank reserves.
Brokers report more willingness on the
part OF banks to make loans. Large
amounts come from Canada and heavy
transfers are made from other points.
The first two hours business, which are
usually the most dangerous in season o.
furry, have passed, and only one small
failure occurred, which had no depi esslng
influence.
Sub Treasurer Acton says there was q
brisk demand for legal tenders at his office
Yesterday, causing the withdrawal Of 3d.
100000. Up to this hour to-day million
OF legal tenders were paid out, and nearly
another million Of silver certificates, the
latter for payment to saving banks.
A tour OF the banks lust completed,
gives no new results. The Clearing House
Committee has decided to loan to all mem.
bcrs OF the association all the monsy they
require at par on pledge OF overnment
securities. The runs on most OF the sayiugs
banks ended to-day.
The Clearing House banks agree to sd.
vauced $50 100000 on Government bonds
il necessary to protect the market. So far
$500, 600 have been loaned. Tho Atlantic
Bank Brooklyn, is open to-day, but NJ
business WAS transacted.
The delivery hour, 2:4o p. NJ, has been
looked forward to with approximations all
day. l. came and passed safely, and no
further troubles can now be fcreseen ,or
feared. The market has grown steadily in
strength since . o'clock, prices now show
ing gain OF tai percent. Western Union
is strong at 81! on buying. Money is pour
ing in for investment at present, and buy
ing orders from London are numerous.
Vanderbilt's brokers hsve been borrow
ing money in large amounts on Govern.
ment bonds, and all this will 20 into stocks
at the low prices now prevalent. ,Ia
the feeling generally is much better, and
the nervousness and panicky sen=i.iye.
ness disappearing. Unless the msrket GETS
another cold bath like that OF Yesterday
afternoon, it will be steady and stronger to
the close. So '-5N
Tho speculative day ended peacefully.
All evidences 90 to chow the period Of the
eemi.penic is over and monetary affairs
are gradually returning to their accustomed
condition.