The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-05-18
SATURDAYS HUE.
Tho Morning Opened with Cseer aud
Confidence
On Wall street, and the Advance Well
Maintained.
Leading Financiers Fear no Backward
Step.
0fllcers Of Suspended Firms Exceed-
inely Quiet.
A Few Small Assignments and Convey.
ances.
Demand for American Stock In Foreign
Markets.
Reuar,s from Many Anurcee
Demand for American Stock In Foreign
Markets.
Reassnripg Reports from Many Sources


Tho situation.
New YORK, May IL, 1890 p. IN The
morning passed quietly and confidence
seems restored. No trace Of excitement,
and affairs ara progreseirg IN n fair way
toward o speedy recovery. The values in
-tocks ard advance OF the morning was well
maintained, the movement being merely
checked at intervals by usuBl salas OF small
holders 10 secure profit. The bank state.
ment is favorable, showing an excess above
legal requirements OF over S., 900 900. The
opinion OF leading fnanciers IL that the
situation Is gradually improving and are
certain there Is no danger OF another back
ward step.
There is no crowd at Russell sage's. The
loan committee is In session. At the clear
ing house Hatch IL Burnham say they have
liquidated over Si,C000O0 OF Indebtedness.
The firm will resume sooD. Gof & Ran
dalrs statement will not be ready before
next week. Hardy q Sons statement will
be ready late to-day. The offices Of Hatch
d. Foote, Dmiok & Co, Tonnell Lawson
d Simpson, Williams u o., Nielsen Robin.
son & Co., BogArt d Co., and Fisk IL Batch
are very quiet. Their statements are we'll
under way. Grant Il Ward will pot present
their statement to-day. Bluner & P.nkuey.
merchants, ,lo-dsy assigned 70 Harrington n
Putnam, with preferences OF S23 800.
A run hes been made on the Brooklyn
savlNES Dnnkis SanSy conveyed Lib BrOOk-
| lyn msnsion TO the Metropolitan bank to.
day for $4,000. and other property for
| $4,000
J. Sleolman. merchant, assigned with
preferences OF $4,000.
Bsuner & Pinckrey, shipping merchants,
| have assigned with preferences of $20000.
Assignee Weems states the iinbiltiCs OF
| D1rnell, Lawson q simpson are So eco, ,000
assets exceed liabilities 81 10000.
| @. McCulloch, Beeoher & TO-, merchants,
| flied sn assignment to-day 70 Rsnry Paine
Bartlett, giving preference TO DseXsl, Nor.
gan & Co., Tor $40 coo
| Ia regard to the petition Of Julian L..
| Dawes receiver for the firm ~ Grant d
| Ward, tbe eupreme courG Today granted
an order, authorizing tho receiver
TO compromise certain claims OF
| l.. Van Eotfman & Co. and
Brown Bros, each for the sum OF Gl02 500.
The receiver believes that other loans OF a
similar character have been obtained by
ths firm OF Gran, & Ward. and, therefore,
he asks permission to compromise all such
claims by surrender CT bonde ut their par
value. The court grarted the authority 10
| compromise the elaine
McCulloch, Bseoher Il Co, who made en-
assignment To-day, are shipping
merchants. FcecheT il Il nephew
OF Henry Ward Bsecher. The firm
WAS at one time sgent Of the United States
and Brazil steamship line. Assets, $500.
600. and liabilities between $3.50, COO and
S309, 600. Their suspension was caused by
the currency Of Brazil having been heavily
depreciutsd and tho decline In coffee for the
last three montho.