Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1884-05-16
AUGUSTA, MAINE, FRIDAY MORNING, NAY 16 1884

in the Villiards, Oregous, and the North
Pacific, and have been dealing heavily in
Mexican Central Union, Pacific and Atchison
Yesterday some of their customers defsulted
their margins and this with q heavy run on
their deposits led to the failure. which not
only affects stock operations and speculations
but will reach many people of small means
all over New England who have deposited
with the firm.
Quebec Unaffected by the situation I'm
New York.
QuEREc. May Is.
The banks here not effected by the situation
in New York No excitement is manifested
scarcely Noticeable I'm Liverpool.
LvEKrooL. Nav Is.
The effect of the New York panic is scarce
lip noticeable on the cottone exchange. Some
what more cotton than usual is offered for
sale but not on American account. In the
grain trade merchants are awaiting events.
and so far the impression of the panic has
been slight. Provisions are selling more
freely, principally on Chicago account, and
merchants are awaiting developments. At
Manchester a feeling of steadin-ss prevails,
though operators are cautious. The opinion
of both Liverpool and Manchester is that the
worst is over.
London Bankers' Opinions of the Panic.
LONDON, May Is.
An agent of the associated press this morn
ing called upon the leading London bankers
having important American connections.
with view to learning their opinions con-
corning the panic of yesterday in Wall street
The feeling generelly expressed was that
the panic was merely local disaster.
B.. 2.
no failure in London either inside or outside
of the stock exchange. The general sound
ness of the financial situation here is evil
denced by the fact that there have not even
been rumors of large failures. The remark
able decline CT American securities during
past few days has attracted new class of
investors into the market, who are stimulated
by the cheapAess of money in England.
Germany and France One prominent bank
er said it was amazing how little real stock
was being sold here, but he said the bear
sales were immense.
The market shows strong disposition to
respond to anything gavorable from America.
Philadelphia stock stronger.
PHILADELPHIA, May Is.
Business opened this morning on Third
street with decidedly better feeling. Phil
strength on the announcement that the
Metropolitan bank would resume at noon.
WASHINGTON, May 10.
The secretary of the treasury has author
lied the assistant taeasurer of New York to
pay the bonds embraced in the l25th, l26th,
and l27th calls with accrued interest subject
to the decision of the department as to the
regularity of the assignments.
PROVIDENCE Nav l5
The suspended firm of Fisk & Hatch was
agent of the Quidneck National bank of
Newport, but it is stated that the balance in
hand was very small Some private citizens
are kown to be very heavy depositors. 1t is
stated that one-tenth of the capital of the
Metropolitan bank is held in Newport.
The Tuna Valley Bank VIII Resume.
BRADFORD, Pa, MAY 10.
The Tuna Valley Bank did not open its
doors this forenood. 1t was a correspondent
of the Metropolitan bank of New York, and
the announcement was made to account for
the suspension Of the bank, that it was
thought best to suspend temporarily.
promise has been made to depositors that they
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