Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-05-16

THE SCENE IN TnE STREET.
New IoRIl, May iS.--Thc scene on
the street at this hour Is ono OF un.
wonted activity, and since early morn
ing when the brokers Offices were OBJ
ened, clerks have been busy getting
accounts settled ny, Many Of the
leading firms kept their employees
busy until midnight, and n general
ovorhauling of accounts was made.
This morning affairs are In better
condition than for many months, AK
new margins have heen called for to
prevent n rash sacrifice of good securi.
ties. A representative OF the Asso-
ciated Press talked with n financier OF
thirty-iive years experience. Ho says
the action OF the banks In deciding TO
pool issues, has decided the situation
iavorably. He
DORIS NOT ANTICIPATE FURTHER PAIL.
rRFs,
either OF banks or banking firms
although he admits the possibility
that some weak stock houses may
suspend. Thetempomry failure of the
latter lie does not regard us mis-
fortune, as the wedding out of small
dealers helps to rive n healthier tone
to the general situation.
III AM.--The Flour exchange has
more than Its usual complement of
buyers, and by $3.50 the crowd OF opera
tors gathered In knots waiting the sign
TO commence the dny's business. just
ns the clock marked ten, Chairman
Mitchell gave three raps with his
gavel. ard In an instant the pcnt-up
excitement of the brokers gave vent In
n howl, and five hundred hands were
lifted In the air, and various pools
were formed, In which different stocks
were dealt In.
SUSPENSION ANNor Need.
Ere live minutes lad elapsed the
gavel was again heard amidst the din,
and the announcement was made that
Dimick n Co. of tho United bank had
suspended. Dlmick Is president of tho
Bankers and Merchants Telegraph
company.
1890 a. M.--'rhe street Is gradually
filling up with n gaping crowd on each
of the streets on which the exchange
faces. a multitude OF aightsecrs are
gathered, who look at the building ns
II they could gniu an insight into the
busy scene being enacted with
In its walls. On nearly
every corner within four blocks of the
center of operations, knots Of men nre
In earpest consultation, and pnssers.by
can hear various comments on the
state Of affairs. The minority OF ex.
presslons of opinion take favorable
view OF the situation, and such
phrases AS
"'rIIE WORST Is NOW ovEn;n
"the banks are all righi;r "Jay Gould
won't lei the market break, I" are heard
amidst the din.
Wells, Fargo Il Co. hnve notified
Donnell, Lawson & Simpson that they
will pay drafts on the firm drawn by
the Utah National bank OF Ogden,
Utah, Fred j. Riesil q Go. OF the same
place, and Anderson Bros. OF Eagle
Rock, idaho.
ONLY TEMPORARY.
WALL. STREET, l1:45 A.M.--Compar-
alive quiet reIgns Mt the stock ex-
change. II IL more apparent every
moment that the crisis II past. The
suspension OF Hawlcy d. 90. OF Boston
was caused by run on the banking
department OF the house. II Is be-
lieyed 1t will be only temporary.
THE DiMOCK ASSIGNMENT.
NEW York, May la. w. Dlmock
IL Co. In assigning to Geo. Putnam
Smith gave preferences in favor Of de-
positora 10 whom they owe 81 900 or
less, and order the creditors Of
each partner to DO paid out OF In.
diyidual assets. the surplus, II any, of
individual assets 10 be applied to help.
Ing in the reduction OF the partnership
debts. The firm consists OF Anthony
w. Dimock and Arthur v. Dimock.
A. NJ. Dlnick says his trouble was
caused by inability To raise money OH
securities. All his customers accounts
have been profitable. Geo. Putnam
Smith IL appointed assignee, with
preference To customers.
THE METROPOLITAN BANK RESUMED.
WALL STREET, I2:I5.--The Metro.
polltan bank has resumed, paying all
Dispositions presenting checks. Even
before the hour named for resumption
the paying teller opened his window
and the first man In line receI we'd his
money. and nj noon the number In
line was not over twenty-five, priDci.
palIy boys aud clerks. Only one lady
WAS among the list.
EX-SENATOR CHAFFEE PENNILEss.
NEW YORK, May LA Washing
ton special gays friend Of Senator
Cbafiee, who IL in Washington. says
that ChafIee Is one OF the greatest suf-
fcrers by the failure OF Grant Il Ward.
He has lost every cent OF his available
resources. Last year he considered
himself worth nearly S300,0O0, Of
which $.00,OO0 consisted Of
Colorado property. which ~
since greatly depressed, and
not now marketable. At the time Of
the marriage u his daughter with
Buck Grant. he had II ,OO0,00O In each
and securities. When his daughter
married. he gave her 500, 900 IN bonds.
These were all put into the firm Of
Grant 4 Ward, and
EVERY DOLLAR " LOST.
Chafiee himself, la street spccuIa.