The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-12
TERRIFIC EXCITEMENT.
THE STREET" coNvULsEp WITH
ANOTHER PANIC.
Memorable Dsy In and About the Esw
York stock Exchsngs-Priess stiii
rumb,ing and Several Large Failures
uneed-Metropolitan 0sasip.
Nxw YORK BUREAU
RICHMOND DAILY TINEs,

| RICHMOND DAILY TINgS, y
| November n. 1901
To-day was day which will become his
toric in Wall street. II Is not TO be classed
In the same category with Black Friday,
the panic OF '73 or the panic OF -, but IL
was day which will never be forgotten
by those who were on the street. The ex-
element all day was terrific, and the
streets in the vicinity Of the Exchange
were filed with pale and anxious brokers
until the close OF the Stock Exchange.
FAILURES ANNOUNCED.
| Three failures OF stock houses were an
nounced. One OF these houses was one OF
the oldest and most prominent on the street.
| After the close OF the market there were
runlors that other houses were also In
| trouble, although their failures were not
officially announced. Declines In stocks
ranged all the way TO 2ili per cent, with
an average net decline Of about per cent.
Money rates were very high all day. closing
at Il per cent. per day and interest. The
Clearing House Committee met after the
close OF the stock market, and decided to
issue clearing house certificates for the re-
lief of the money market. The certificates
will be ready for the opening OF business
tomorrow.
FIRST To GO DOWN.
The first house that went under to-day
Z. NJ. Whitney x Co., OF 06 Broadway--was
one of the richest on the street. They were
known as the Louisiana Whitneys. aud
represented many Southern institutions.
They were identified with and heavily in
terested in the Toledo and North Michigan
railway and the Hooking Coal and Iron
Company and Texas Pacific.
AN OLD FIRM ASSIGNS.
John 4. Walker, Son X Co., China and
Japan raw silk importers, No. NJ. Pine
street. assigned owing 10 debts and the
shrnkage in values. The principal credi-
tors are bankers like the Bank OF British
North America and Brown, Bros. A Co,
who are secured by warehouse receipts.
The house was one Of the oldest and largest
in the trade, and the liabilities are over
million. Other firms were David Richmond
and Decker and Howell n Co. They have
been identified with the Willard properties
ever since Henry Willard returned from
Berlin and regained control OF the Oregon
Trans-Continental property.
GENERAL AND Personal.
Ex.secretary and Mrs. W. 9. Whitney
gave an elegant breakfast to-day 10 Mr.. and
Mrs. Henry NJ. Stanley. About thirty
guests were present.
There were landed at the barge office to-
day l,S0 immigrants. 3O5 being from Ma
plies, and supposed TO he the advance guard
of the 1000 Italians said TO be coming here.
Fred. Scheider to-day got verdict OF
$4,000 for injuries resulting In collision
between two street cars.
Twenty postofice employees have been
suspended; 0stensbly tor technical viola
rions or the postal laws, but really because
they would not or did not offer 10 sub
scribe in the late election, in order that the
present administration might be perpet-
uated.
AT the meeting OF the Board OF Aldermen
this afternoon the city government asked
for census figures In way Porter cannot
eyade.
Judge Pratt in the Supreme Court today
appointed >. V. White, Henry W. slocuni,
and ii. .. Hayemeyer receivers OF the
Sugar Trust, TO take an accounting. The
bond in penalty is $4,000 each, with two
or more sureties.