Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-06-27
CONCERNING BUSINESS AND FINANcl

BUFFALO, N. Y, June 26.-The Qusen
City Bank. which was started here little
over year ago, closed its doors SHORTY
after noon to-day. Mr.. +. M. lnglehart,
one of the directors, said that the suspsn-
sion was due TO steady decline OF money
out of the bank which had been going on
for several weeks. Mr.. Inglehart SAID the
bank had plenty of collateral, but found il
impossible to realize on 1t in the present
financial stringency. The New York oanSs
would not let them have any money. he
said the depositors will be paid In fuli.
The State Superintendent Of BANKING
has been notified Of the suspension ana VIII
send an examiner here. The ofncers are
hopeful that the bank Will resume. II
owes the depositors over 81, 400, ,OOO.
GTTIPoIis. o.. June 26.-The Carl Coal
Work OF Carlton, this county, made an
assignment this morning. Liabilities soU,
600; assets $1,000.
WILMINGToN, O., June 26.-News has
Just been received here that the Saoins
bank, private banking institution OF TINS
county, mas suspended. 1t had capltal
stock Of about s25, 900.
MINNEAPOLIS, June 26.-The Bank OF
New England has suspended. Since tne
failure of the State Bank on Thursday
there has been a steady withdrawal OF oe-
posits. A j. Blethen, the President OF the
bank. SAYS il had considerable money ueo
up in the Chicago failures. Every deposit
or, he adds, will be paid In full, as the
stockholders will suffer instead OF the ue-
positors if the bank does not resume. Inc
bank had cash available of $64, 900 on May
4, the time of the last report, but It's llaolI-
tiles were $200, 900 and assets somewhat in
excess of that amount The bank was or
ganized about six years ago.
NEW York, June 2S.-The money market
was stringent to-day, call loans raaglng
from ten to thirty per cent. There was a
good deal of calling in Of loans, prepara-
tory to the July interest and dividend DIS
bursements. This is liable to continue un-
til about the first of the coming month.
The market is alse likely to work close Tor
the first ten days of July as 1t is estimated
that it viii take at least that time 10 re-
store the money called, toto It's norman
channels. Stock Exchange houses are
prepared for siege OF this sort ana are
! discouraging speculation. Time money
and mercaatile paper are merely nominal.
The foreign exchange market is heavy and
demoralized. Posted rates were reduced
| to 4 50 and 4 S5. Receipts of bills from
the interior by this mornings mali were
| small. The heaviness OF the market
coupled with the higher rates for money
has revived the talk about gold imports.
Presidents or the leading banks reported
this morning that the demand from conn
try banks to-day for rediscount and loans
were smaller than it has been for many
weeks, and that the indications were that
the crisis had passed. little more
money is expected TO be sent to-day to San
Francisco by registered mail, and possibly
small transfer may De made by telegraph
to that place through the Sub-treasury.
New YoRK, June 26.-Mann Brothers,
clothing dealers at 3l4 to 319 Broadway,
to-day confessed Judgment for $4,000.
The attorneys for the firm places the liza
bilities at S250,000