The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1884-05-22

ttOo VI NIduG N w dTu, DIS lar as ne is
able to ascertain, at $14,501,531 and
collateral securities held by creditors
at between 81 100000 and $12,OOO,OOO
leaving an unsecured Indebtedness of
between 100000 and 100000.
From Saturdays daily.l
A FINANCIAL FLUTTER.
NEW YORK, May 16.-The street
has been alive fully half an hour. AT
this time there is every indication of
brisk day.
The Office of Fish & Hatch is open
for all: desiring to consult the firm
but no business is transacted beyon d
receiving claims and fixing the basis
of settlement. Fish said that many
depositors and other creditors eX.
pressed entire confidence, and had no.
titled them that their claims would
not be pressed.
10 a. NAT the stock exchange this
morning the days business began at
the sound of the gong. There was NO
appearance of furry on the floor
and although various pools appear
l,"ger than usual, the numbers OF
offers appear equal TO the bids.
1915 A. M.-The clearing house com.
mittee have loan certificates ready for
instant delivery and express a de.
termination to use them literally with
a view Of relieving without delay any
stringency in the money market
There is wild talk about closing the
stock exchange, which is treated with
ridicule, as no necessity exists for such
action, speculation being in no sense
panicky. An old member says that
dealings are less Hurried than on many
occasions when no particular reason
existed for excitement. An officer Of
the exchange states that he is inform.
ed by Russell Sage that he met every
put sent in, but he must proceed
slowly.
1880 A. M.-The street Is settled
down to work. There is an absence
of idle gazers, and the vicinity is nc
longer numbered with masses of curl
osity seekers and visitors. The gal.
leries are well filled. The majority OF
those looking on are elegantly dressed
ladies.
Hos a. NH. G. Hardy & Sons an.
nounce suspension. Hardy 81 Sons
Office is at No. 10 Wall street. They
state that their suspension, at present
is unaccounted for. Stocks became
heavy and demoralized owing to Har-
dy & Sons failure.
11:25 a. m.-Stocks rallied from u
to 21a on some shares, and but few
stocks are heavy.
Manager Camp, of the clearing
house, says the banks are awaiting
themselves more freely of the new
certificates. He will not be surprised
if ST. 100000 are taken to-day.
Vanderbilt's brokers say their chief
will reach London Monday, and they
expect to receive heavy orders from
him to buy.
The suspended firms are all busy
trying to straighten affairs.
Golf & Randle will not have a state
ment before next week.
Dimmick & Co. state that 1t will
require sometime to adjust their ac-
counts.
Government bonds are depressed
The AIS and As, which closed at 11O
to liz and 12O to 122, on the street
last night, are now 1854 to 1094 and
116 to 119.
A bank president says that the
weakness is caused by the fear OF
Fisk & Hatch's holdings being mar
keted.
Stocks opened weak and feverish,
with the exception of Western Union
and Union Pacific. This is succeeded
by better feeling and a general ad-
vance of q to2.
Hatch i Foote, Bogart & Co,
Hotchkiss 81 Burnham, and ]. G.
Williams, cannot give anything def
mite as to the state OF their affairs.
Nelson, Robinson & Co., expect to
resume in a short time. Donnell, Law
son 81 Simpson are not disposed to say
anything.
Sterling exchange quotations nomi-
nal.
NooN.-The first two hours of bust-
ness, which are usually most danger.
ousiin the seasonsIof furry, have passed
Only one small failure reported, which
had no depressing influences. Sub
Treasurer Acton says the treasury
had brisk demand for legal tenders
Yesterday, causing a withdrawal OF
S3.5OO,OOO. Up to this hour to day 9
million legal tenders were paid out
and nearly another million
of silver certificates. The latter
for payment to saving banks.
NEW YORK, May 16--2:4O p. m.--Bus
mess matters at the Produce Ex change
have a rather gloomy look, although
no failure OF rumors of failures are
current, Trade is not disposed to op
crate to any material extent, and ship
pers' operations are checked by the
extreme difficulty in selling sterling
exchange. Prices are all lower anC
| tending downward. Leading mem
bers are quite hopeful that there viii
be no panic on Produce Exchange
but some of the members are discour
aged at the outlook of financial affair
on Wall street.
NEW YORK, May &c. p. Hunt
ington, president of the Chesapeake
Ohio railroad, was interviewed in re
gard to the statement that Fisk
Hatch were embarrassed throug
holding stock in that road and tn
Central Pacific. He responded: "Thos
1 reports are untrue. l know that fir
hasn't any Central Pacific, and / thin
it cannot hold any Chesapeake & Ohit
unless it may be some that 1t had bt
fore the panic of 1873. The firm sol
most Chesapeake & Ohio at hig
prices, but may have some still, po
sibly a thousand shares.
President Baldwin, Of the Fourt
: National Bank, who knows the affair
of the firm intimately, confrme
Huntington's statement. He sal
the whole cause of the firms trouble
, was the decline in governments.
:. ANOTHER BANK FAILURE.
, NEWARK, N. J., May 16.-The How
3 ard savings institution closed dool
{ to-day. Bank officers say Fisk
Z Hatch owe the institution 81 100000
g WHAT SENATOR SHERMAN SAYS.
f PHILADELPHIA, May 16.-Senat
q Sherman was interviewed here, al
4 said we are neither in panic nor {
the verge of it, unless my judgme
is seriously at fault.
K FINANCES AT CHICAGO.
S CHICAGO, May 16.-10 A. Mt
q opening on the exchange this moi
n ing was not accompanied by any c