Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-15

anxious faces are TO be met with IL seems
IS over, ana many capitalists are beginning
10 discuss the question as 10 whether now is not the
time TO buy for rise, and some few are buying:
Ihls ract In Itself relieves the situation OF one Of
ITS most dangerous elements, namely, the WITH
holding OF capital from the market
THE METROPOLITAN DIRECTORS
nave accepted the resignation OF President Seney,
md nave elected Vice President jacques 70 succeed
him. The manager OF the clearing house reports
,hat The ciearances OF the Metropolitan bank have
Failure Of a Boston Firm.
WALL STREET, ll:So a ma dispatch from Bos.
Ton reports the suspension OF F. A. Hawley a Co..
drm which, although not heavy dealers, were ne
Sarded as OF good standing.
HOtchkiss a. Burnham Expect to Re
Messrs Hotchkiss Burnham are engaged IN the
work OF balancing their accounts, and expect 10 be
able to resume business tomorrow morning.
The Crisis Past.
WALL STREET, Has q m.-Comparative quiet
reigns on the stock exchange. II becomes more APP
parent every moment that the crisis is past The
suspension OF Hawley Co, OF Boston. as caused
Dy run on the banking department OF the house,
and 1t is believed that It will be merely Temporary
among among those bankers who have received orders
rom London and the continent to buy American
securities In this market Belmont & Co, J. &
w. Sehgman; Drexei, Morgan Co.; Morton, Bliss
Co; J.. Van Holman q Co: Kuhn, Loeb & Co;
Ludwig. Thalman Co; ]. II. Davis l. Co, and j.
ID. PrObSt Co.
Only a Few DepO~itors Drawing their
Funds from the Metropolitan Bank.
NGw YORK. WALL STREET, May -, 1918 p M
The Metropolitan bank has resumed and is paying
out to all depositors presenting checks Even be-
fore the hour named for resumption the paving
teller opened bis window and the first man In line
received his money. This Individual was an old
his holdings as the pile OF greenbacSs handed "a
MN made goodly show and were carefully slowed
away In his inner pockets after many giances at
bis neighbors OF whose probity he was evidently
by no means certain. AT noon the number In line
was not over twenty-five, and was COMPOSED prjn-
cipally OF boys and clerks. some OF whom only re-
CURED tne ceruncatlOn OF checks. Only one LADY
was among the list. she being atfired In widow s
weeds Her qualification on receiving her money
small number OF those drawing out their FUNDS is
bank.
Break i'm the Stock Market.
NEW YORK, WALL STREET. LEO p m.-The share
speculation has been weak a2o lower on unfounded
reports OF further failures OF stock houses Louis
vile and Nashville broke to 81. Lackawanna TO
mn, II western Union to 535I, and Missouri Pacific
The New York Produce Exchange all
Right.
NEW YORK. May 1a-No trouble at the produce
or petroleum exchanges
Rebound an the Chicago Markets.
CHICAGO. May Is, II am-Markets opened with
strong upward bound this m- and starting prices
were la1s over best figures OF yesterday.
Attachment Suit OF the Metropolitan
Bank.
&C.. CHIGAso, May IA special to the Dany Ne,rs
nom Peoria says: The banking firm OF Calender
Ayers Co, correspondents OF the Metropolitan a n
oank or New York, yesterday began an attach
ment suit for $25 and levied upon thirteen city
lots, which are considered ample TO cover the
amount
Upward Turn OF PhiIadelphia Stocks.
PHILADELPHIA. May Is, II a. m--Bustness opened
ths morning on Sd street with decidedly better
feeling. Philadelphia stocks all took an upward
TURN on the strength OF the announcement that
the metropolitan bank would resume at noon
Anxiety Among Americans i'm London.
LONDON, May 15.-The failures In New York have
cans residing here and having business connections
or interests In the United States. The anxiety is
particularly painful among Travellers and many OF
them have decided suddenly to terminate their trips
and 10 return to America
Confidence OF English Capitalists in
American Securities.
LONDON, May 15.The agent OF the Associated
Press called upon the leading bankers having i'm
portant American connections, with view to learn
Ing their opinions concerning the panic yesterday
In Wall street The feeling generally expressed
was one OF confidence that the panic should be con-
tive 1t would occasion no failures IN London either
inside or outside the stock exchange. The general
soundnesS OF the financial situation here is evil
denced oy the fact that there has not been rumors
lean securities during the past few days has at
tracted q 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 1t 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 favorable from America
The participation OF bank officials in fraudulent
schemes was severely censured This one thing
had done moro than anything else TO weaken pub
lie confidence,