Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1895-12-21
TO-DAY'S TELEGRApHIC NEWS
The Stock Markets.

8 NEW YORK, Dec. 21.-Wall street
witnessed another exciting scene this
morning when the Stock Exchange
opened. Large crowds had massed
themselves in the circular galleries and
an unusual number of ladies were pres
ent. The operating brokers, looking
grim and worried, were about early
discussing the critical situation. Hopes
for brighter outlook to-day were ex-
pressed. 1t is generally believed that
President Cleveland's message to Con-
gress Yesterday would have a tendency
to revive confidence. The bulls and
bears were common in their declara-
ton to try and steady the market. I'm
mediately after the opening there was
repetition of yesterdays wild scenes.
The confidence anticipated did not
manifest itself.
The failures OF Hatch Bros, and 81.
R. Bufras & Co. were announced.
As the morning wore along commits
sion houses were in the receipt of in
yestment orders and under this buying
the strictly gilt-edged issues took on q
steadier tone. Money on call was also
offered down to 10 per cent, and this
had some influence on the market.
Business in stocks at this time also
Quoted down considerably, the pres
sure having abated to a large extent.
The failures had tendency 20 weak
en- the market once more and at 11:45
q. m. prices ran OF. Money at that
time was offered at six per cent. Spec
ulation closed feyerish and irregular.
When the hands of the big clock in
the board pointed to the noon hour
and the chairman announced the close
of business a great shout of relief went
the famous building.
The firm of l.. 81. Taylor & Co.,
bankers and brokers of Philadelphia,
failed this morning. This is one of the
eldest firms on the stree.
san Francisco bankers and capitalists
fear no panic as result of the VeneZue
Ian controversy. Money is very easy in
the city and the banks have large bal
ances with their correspondents in the
east.
The European Stock Market.
LONDON, Dec. 21.-The stock exchange
market opened panicky. American railroad
stocks were demoralized. notwithstanding the
fact that in the first hours of the session the
prices were better than they we're at the close
Of the market yesterday afternoon. The
fluctuations were rapid, sometimes violent.
Many stocks were unsaleable. The stock ex-
change brokers p ofess to be wholly uncer.
tain as to the outcome of events, and are very
cautious.
After fat opening Of the market on the
stock exchange American securities recovered,
but they did not sustain their recovery fully
at the close The other markets closed better.
Those looking beneath the surface apprehend
that unless the political situation improves
there will DO crisis in London worse than
that caused by the failure of the Earrings, not
on account OF American railroad shares, but
on account of American railroad bonds, which
are held net only by private parties in Eng
land, but by many insurance companies and
similar institutions. These bonds are already
unsaleable.
VIENNA, Dec 21.-Owing to the panic in
American securities the Bourse to-day was in
state of collapse.
Boston. Dec. 21.-The Boston stock mar.
ket opened very weak. The failure was an
nounced of Brice & Co., brokers.
The meeting of members of the Boston
stock exchange called to choose q COMMITTEE,
TO go to Washington and consult with Presi
dent Cleveland and Secretary Olney as to the
adoption of measures looking to the relief OF
the financial situation, adjourned subject to
the call of the chairman without taking any
action whsteYer.