The Portland daily press., 1884-05-19
WALL STREET.
No Trace of the Recent nIxoite-
ment Visible.
REPORT THAT FISK e. HATCH
WILL SHORTLY RESUME.

NEW YORK, May 1.-THE morning has
passed quietly on the street, and confidence
seems 10 DO restored. There is not trace Of
the excitement OF the past three days now Wis
| IDLE, and aft tirs are progressing in fair way
toward speedy recovery in values in the
stock exchange. Tho bank statement is quite
favorable, showing an excess of reserve above
the legal requirements of over IS 900 600.
| The opinion of all the leading financiers who
have been interviewed by the Associ ated
Fress representative is that gradual improve
mont is certain 10 eusue, and that there is no
danger of another backward step.
The panic in Wall street has not had much
Improbable effect upon any of the exchanges,
and disposition is shown to keep prices up to
restore confidence.
The Seaboard Bank paid out over 5000, 900
on Thursday for oil, and assisted greatly in
maintaining confidence. The rumors about its
being in difficulty were unfounded.
AT the office OF Russell Sage the broken
ooor nad been repaired and the doorway barri-
caded by stout wooden bar. There was no
cfowd, and the solitary police officer present
nao nothing to do. Mr. Sage SAYS that he
WIN meet all privileges as fast as his facili-
ties will allow
Mr.. Hotchkiss, of Hotchkiss & Burnham,
sald that they had already liquidated over
Sl,OOo.oOO OF indebtedness, and the firm would
resume active business as soon as the interests
OF those concerned would allow.
AT Cole q Randles the assgnees said that
statement would not be ready before next
week.
The offices of Messrs. Hatch & Foote, A. w.
Dimock Co., Donnel, Lawson & Simpson,
J. 9. Williams & Co., o. M. Bogart & Co., and
Fisk & Hatch were visited, and lmatters were
found very quiet, statements, in most cases,
being we'll under way.
The run on the Brooklyn savings banks was
ended to-day, and parties were returning their
money to the banks. At the office of the At
lantic State Bank affairs between it and the
Metropolitan Bank of New York are being
adjusted. 1t is expected that things will be
arranged to-day, and the bank will resume
business.
In the Kings county registers office this
morning there was filed deed of conveyance
by George L. Seney and his wife of their man
sion IN Brooklyn to the Metropolitan Bank of
New York, in consideration of the sum of
$4,000. They also filed deed of convey
ance of another house and valuable grounds in
Brooklyn, to Henry L. Jacques, in considera-
ton of the sum of $4,000.
Z. McCnlloch, Beecher & Co., merchants at
Al wall street, filed an assignment to-day to
Drexel Morgan & Co. for SIS 600, and one to
VIM boskin q Son of Boston for S., 1926 The
nrm were shipping merchants. Beecher is a
nephew OF Henry Ward Beecher. They were
at one Tune agents of the United States and
Brazll Mail Steamship Line. Their assets are
S3oO,OOO, and Liabilities between $250000 and
$3OO,OOO, and the suspension was caused by the
currency OF Brazil having been heavily de-
preciated and the decline in coffee for the last
Ieree months. While the panic of this week
ald not cause the suspension, it fastened it.
On petition OF Julian 7. Davies, receiver of
the hrm OF Grant & Ward, the Supreme Court
to-day granted an order authorizing the re-
celVer to compromise certain claims of the
nrm OF L.. Van Hoffman & Co. and Brown
Bros each for the sum of e102,596,
Two OF which amounts were loaned
By Brown Bros and one by L Van Hoffman
q 20, to the firm of Grant & Ward on secure
ty OF New York city revenue bonds of the mar
value OF 100000. The loans were drawn o.
on days and In the meantime should the value
OF the bonds fall the loader were to have the
right to call upon the borrowers for margin.
Ine petition says that these bonds have be-
come reduced in value and the leaders have
oDtalned the right TO call upon him for mar
GINS aud IN default OF payment of viii ch they
Could SOIL the bonds. Instead of selling them
they have agreed to accept the bonds at their
par valae and then realize their claims The
receiver believes that other loans of a similar
character have been obtained BY the firm of
Grant q Ward.
NEWARK, N. j, May lit is stated on re-
nAole a ithority, that negotiations are on foot
with strong promise of success for the SETTLE
ment OF all matters in difference between
Fisk and Hatch and the Newark Savings IN
stitutlon and that if these negotiations can be
carried through the firm will shortly resume,
The bash OF the negotiation is the securinp of
the entire claim of the bank aud if this ia done
deposltors must secure payment in full
WASHINGTON, May 1.-THE treasurer of
the United States has forwarded the sum of
$8O0O,OOO in legal tender notes to the assistant
treasurer at New York for use in case Of nee
essity.
Secretary Folger this afternoon received a
telegram from the assistant treasurer at New
York saying that called bonds had been re
deemed today as follows 127th call 1922. 200.
l26th call, $4,7oO; 125th call, $26. 400; making
the total redemption today 1928, 900.
Meeting of Creditors of Henry Mayo a.
Ce.-NO Prop position for Settlement
Made.
Boston, May IA meeting of the credit
ors of Henry Mayo & Co., dealers in canned
fish was held today. The financial status of
Mr.. Treat, (who alone constituted the firm)
shows Liabilities to aggregate $1150 900 of which
$o4,0 is direct debts and $4,000 Endorsements
on paper discounted. The unincumbered a.
ssts uominally consist of Sc 900 in merchan.
disc, $35, $40 in accounts and of machinery
which cost SIC, 600 or $50, 600. Mr. Treat said
that his failure was due to insufficiency of can
ltal and large expenses. No proposition BY
way OF compromise was submitted to the meet
ing and 1t was decided to put matters into the
hands of committee for investigation
British Millions Thrown into the Ameri-
can Stock Market.
LONDON, May 1.-THE Daily News says
The American treasury, which Is the ultimate
holder OF the American reserve, is we'll sup
Piled with cash. This circumstance ought to
check the panic and limit the crisis.
All accounts chow that millions of English
money are being thrown into American stocks,
During the last three days inconceivably large
purchases have been made through the brok-
ers Capitalists have bought great blocks of
A mer;can stocks, while innumerable small in |
vestors have made limited purchases. Other
securities are somewhat depressed, because SO
many people are anxious to realize upon
them in order to exchange their investments
for American stocks.