The times. [volume] (Richmond, Va.) 1890-1903, 1890-09-16
NEW YORK MONEY MARKET.
NOE RELIEF YESTERDAY FROM THE
UNITED STATES TREASURY.

Going Too oslowly-specuiation as to the
Price of the 1 Per Cents.-The Brick
Bocott-Metropolitan Talk.
NEW YORK BUREAU
RICHMOND DAILY TIMEs,
September -. 1890.
The course of the money and stock mar
ket to-day dill not seem to Indicate that
the relief measure adopted by the sccre-
tary Of the Treasury Of calling for large
block Of Government fours had had the
reassuring effect designed. Money was
quoted at a per cent, and large amounts
were lent at that rate. stocks instead Of
reyiyng took down track again, and the
market had far from an improving as
pect. II other causes than the con-
dtiOn of the money ma ket were
chiefly responsible for this tone.
the expectation of relief from the
Treasurer's action was not enough
10 offset them. II must, however,
be confessed that the Secretary's eX-
plantations of his views OF the situation. ana
also his announcements of the proposed ac-
tion Of the Treasury, did not prove satisiac-
tory here. His action in dcferring the ac-
ceptance Of the bonds which he proposes tn
buy until Wednesday instead Of Offering to
buy them at once is especially criticised as
"tOO SLOW"
ACTION OF THE NANDERBILTs.
Some comment has been caused in Wall
street over the fact that the Nanderbllts
have not presented their per cent. bonds
for the prepayment of interest, as they
are supposed 10 be- the largest individual
l.nI ..ff fp
BENEFICIAL EFFECT EXPECTED.
At Drexel, Morgan a Co.'S Office it WAS
thought that the action Of secretary Win
dom would have a beneficial effect ON the
money market, as the money would bee gem
orally distributed, and would no doubt stop
the demand Of the country backs ON the
New York banks.
SPECU LrrtON on THE PRICE.
\ good deal Of speculation exists as Ia
the price the Government will pay for the
$4,000. 900 of per cent. bonds on Nedne--
day. They are generally considered to be-
worth about from - 10 le6 at the maxi
mum AT the present time. although ~ecrc-
tary Fairchild paid As high as lji some years
ago.
THE PHILADELPHIA.
The new United states cruiser Phladcl-
phia left Brooklyn nayy-yard this morning.
10 proceed ON her way 10 Newport where "a
test of her speed will be made under the
supervision of the Board of Inspection and
survey OF the uitcd states Navy. The
fag Of Admiral Ghcrardi was dying from
her mIZen royal truck. After She has gone
over the measured mile ina Narragansctt
Bay, the vessel VIII 90 ont on "a cruise for
"a week or ten days, after which she Will
pfobably 90 10 Gardiucr's Bay, Long Island
sound.
THE BRICk BOYCOTT.
The brick boycott is assuming interest
ing proportions. The Ncrplanck' s-Pont
manufacturers. who were originally boy
cOttcd. have placed the matter in the hands
of the District attorney. ON the charge 0t
conspiracy. and one member Of the Board Of
Walking Delegates was summoned before
t-District-Attorney Davis to-day.
What the result of the meeting between Mr.
Davis and the delegate was could not Doe
learned.
DEATH OF MRS. DEKAY.
Mrs. Janet, Ilalleck Drakc-Dekay, who
died recently at haywood New Brighton,
:. l.. was buried this morning from -.
Georges church, Hampstead, J.. !. Mrs.
Dekay was the only child of Joseph Rod
man Drake, the poet, and was the relic OF
: e
who died in 1919. She was a
woman of many accomplishments. In
lN.J she made collection of her
fathers poems. including The Culprit
Fay" and "1he American Flag" These
were published in book form in 1876, and
were appropriately dedicated to Fit Greene
lIalleck. for whom she was named. and who
had been the lifelong friend and companion
of her father. At her death Mrs. DE Kay
was seycnty-iOur years Of age, and was the
mother of family Of noted and gallant
children. one Of her sons, Joseph ROdman
Drake Dekay. iou-ht through the civil war,
and died i'm New York in 1865. George
Coleman Dekay was killed in the battle Ol
Grand Gulf. Sidney Dekay, her third son.
who died last August. served on the stalls
of Generals Butler. Deyens, and Terry. and
her fourth son was Charles Dekay. the au-
thor. 1t is thought that grief at the loss Of
her son sidney FASTENED Mrs. Dehay death.
LECTURES BY DIR. TALMAGE.
The Christian Herald. Of tins city, has Sc
cured the services of the Rev. Dr. I. De
Witt ralmage 10 lecture every sunday eve
ming at the Academy Of Music, in Irving
Place. commencing September 2Slh, until
the end Of the year. The object Of the plan
is t0 enable New Workers 10 hear the famous
Brooklyn divine without having 10 cross
the bridge. DR.. Talmage seems pleased TO
have the opportunity Of preaching in the
Empire City, and refuses TO accept any com
pensatiOn for his services. He Will try and
induce the Organist Of his church in Brook
lyn To play at the Academy on the evenings
he will speak. The plate collections and
voluntary contributions will De- distributed
among the hospitals Of this city.
BRIEF MENTION.