New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-03-15
BUSINESS PICKING UP.
THE EXCHANGES DO A LITTLE WORK

MORE MEN GET INTO TOwH-UPS AND DOWNS of
PRICEs
Business entirely resumed In Wall Sroet yester-
day, although It vas hndered slightly by the lack OF
customary facilities. The attendance at tho Stock
Exchange fully up to tho average but customers
were and orders by telegraph scarcer. Ihoro
was some buying Of stocks apparently for foreign 40
count, because Europe was practically nearer than
New-Jersey Connecticut. Boston was terra
incognitas and New-York seemed to be still tho hub
of tho universe" It was not considered necessary
howeyor to adjourn tho board and the deliveries OF
stocks wero completed at tho usual hour without
difficulty. Tho business Of Wall Street was transactod
In word, In the usual and no ono Would nave
supposed that 1t had boon paralyzed for two days.
To mark tho resumption moro clearly the Governing
Committee held q regular meeting and llsted about
500 100000 now securities whilo stray boot black
was seon tho street and tho familiar cry OF Linen
cards, O cold deck, five In every pack" was heard
for the time since Saturday ut the corner OF Ex
change place and Newst.
Tho banks wore in fine feather and tho exchanges
at tho Clearing House made without delay or
trouble Tho vaults OF tho Bank OF the state wero
opened at last and q serious obstruction TO STOCK
speculation was removed Tho entiro force Oh CLERKS
was present at the Sub Treasury.
Tho Cotton Exchange had unpleasant experience
the way Of business duo to the malice OF tho bears
Liverpool quotations without encouragement and
the operators for fall early began to hammer the
market. Some OF tho DrOherS VINO Wcro undDio W
reach outside customers became uneasy their
position and began to sell tho cotton they were
carrying for these clients. This helped tho decline
and led o further selling out Of unprotected holders.
Tho dealings wcro fairly largo scale and pricos
dropped points. At the close the situation
was discussed with much Seriousness and finally the
board called to order Ia meeting and voted TO ad
jOurn the Exchange until to morrow This action
Is defended the ground that It Will protect both
customer and broker until communication by wire Is
restored more fully, but 1t is expected that some
knouy complications VIII be The outcome of yester-
days selling out OF customers who couldn't 10 reached
with demands for moro margin
At the Consolidated Stock and Petroleum Exchange
tho attendance would bavo boon called normal for
dull day under ordinary conditions. More business
done In both the railway stock and tho crude oil
departments At tho opening there was no com
muncaon with the West and oil started at abont
Tuesday nights figures and up over l cent Ier
barrel Later there was communication with tho
Western Exchanges by way OF Montreal and II was
found that wen had been gushing out 100 barrels
opened over cent below Ncw-Yorks first sales.
Tho quotations received through the day showed that
tho West feeping under local prices and In tho
late afternoon tho bears pucked up courage to raid
the market of.
Tho Prohrce Exchange had about onc-quarter OF its
usual ATTENDANCE and some eyro-t business was done
The speculative markets. however. handled
cautiously and on light trading prices made l'tlo
change The Exchange adiorrnsd a. O'Clock an hour
earlier than rs-ai. Thn ehyght over the board room
leaking badly undo tho weight Of snow It and
about forty OF tho used TO hold SAMPLES Of grain
wcrc rscd as vessels To catch ths water in. The
Coffee EXCHANGE TENT open and business resumed nearly
its normal condition.
~ Commerce Tor the election ~ Pilot Commissioners
until tho regular meeting IS held In April