Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1895-12-22

New York, December 21.-Wall street,
especially in the immediate vicinity or
the stock exchange, is ordinarily on a
Saturday afternoon one of the least fire.
quented and most quiet streets in New
York. To-day, however, almost until
evening, crowds of people thronged the
neighboring streets and groups Of mem
bers of the exchange, members Of the
press and curbstone brokers were gath
cred in Wall, Broad and Nassau streets
and Exchange Place, discussing the hap
penings of the day. Considerable sat-
isfaction was expressed over the news
that buying orders from Europe had
been received by some of the represen-
tative foreign houses for execution on
Monday, and it was predicted that for
eign capitalists and investors would
speedily realize the folly OF sacrificing
their American securities.
The general impression was that the
extreme tension had been relaxed and
that, with reasonable leniency on the
part of the banks, quoting down
would occur on Monday. The point is
made that, considering the suddenness
of the break, the street has come out in
better shape that could have been anti
cipated, as with perhaps one exception,
none of the failures had been of the
first class.
The great open question confronting
ha aI IL,
week will be that of the probable ex-
tent Of the Withdrawals of gold from
! the sub-treasury for shipment by the
mid-week steamer. Estimates range
AS HIGH AS S10,000,O00
to $12 100000, but no definite informa-
tion was obtainable. Treasury officials
were not surprised at the size of the
estimates, but declare that President
Cleveland will not hesitate to issue
more bonds, if necessary, to sustain the
gold reserve. 1t was almost impossible
TO obtain reliable exchange quotations,
but it was alleged that sixty day bills
were practically unstable Foreign
bankers said that the immediate course
of events depended upon the amount Of
unsettled foreign credits outstanding.
This, Of course there was no means Of
determining.
Bank presidents denied again in the
afternoon the revived rumOrs of a call
for meeting of the presidents or clear
ing house committee, but said that such
meeting might be among the posi-
bilities next week. They will be gov
erned. like everyone else in Wall street,
by the developments on Monday and
Tuesday next
Isaac Seligman, of the firm of ]. &
w. Seligman & Company said to-day.
The talk OF war is, of course, ridicu-
lous, but the temporary excitement
which followed the first indications Of
possible hostilities was natural.
I'm my opinion, it will soon pass
away, as soon as people come to look at
the situation seriously and intelligent
ly.
The break in the market at the OPEN
ing this morning was natural, owing
to the unfavorable reports from abroad
and the continued pressure for sale Of
American securities on the London mar
ket and the panicky feeling here.
Il think the worst is over. however.
anu dlChouSn Jnere may De temporary
set-backs, l look for an improvement
from this time on"
William Shorer, manaer Of the New
York Clearing House, said he hoped the
outlook would improve within the next
few days. He thought the talk of war
mistake, and said the amount of
money lost during the last two days
would have purchased the whole Vene-
zuelan territory in dispute.