The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-02-14
xo nnrlk IN nANK prsrNEss.
Nothing Like the Disturbance of Blizzard
Monday Looked For.

The fact that bankers generally were very
eonsiderate. and that the Stock Exchange took
the almost unprecedented course OF extend
ing loan accommodations and putting over de-
liveries until the succeeding day on the occa-
sion OF the 1898 blizzard. led TO some inquiries
Yesterday as to the course likely TO be pursued
to-day. Bankers talked with were agreed
last evening In the opinion that no unusual
measures would I've requisite to-day. At that
time It was possible and practicable to get
about town. although Mt = loss Of time and Mt
some Inconvenience. rs II had been all day.
and there was no indication that conditions
would he materially worse to-day than they
were Yesterday. 1t was assumed, therefore.
that business men generally would get around
TO business to-day pretty much as usual.
though, those living across the rivers Or bay
might have an unpleasant time of II. Tho re-
porter was assured that the banking business
would 20 on as usual. and that the bankers
expected that their clerks would be on hand.
as they themselves expected to be. In lSSS
large numbers OF the employees Of the banks
and the Clearing House were late or failed 10
get to work at all. Some banks could not get
at their vaults. because the men with the keys
or combinations were kept n. home, and other
banks helped then. out with money TO make
up their Clearing House balances, No such
conditions were anticipated Tor to-day.
II W no puih iupt 'Ohah 'hNN -
no difficulty about loans to-day. that there
would be no disposition e call loans. and no
was so plentiful the matter would adjust IT.
self at once. with traffic about town more or
less possible. and wire communication not cut
measures on account OF the storm. .
The President Of one Of The leading banks Of
Wal street remarked that, although no con
certed action was likely. the bankers Of New
York would no doubt exercise a liberal dis
erection to-day 4 brokers and others were un-
able to get to their business and carry it on
as under normal conditions.
In g 8 the banks protested all notes due for
their own protection. This left the %urotest
fees % "a cause for dissatisfaction to men who
felt that they ought not to suffer in that way
because OF the elementS,
Conditions were so much worse that year that
only twenty-onc brokers were at the Stock
Exchange at the opening on Monday, March
II. as against Il usual attendance OF 900, and
some OF those had paid from SIP to SD to get
bers OF the Exchange there were fewer custom
ers than there were brokers on the noor.. The
private wires were all down The streets
ground. One reason for II then was that the
blizzard came on top OF a rainsttqrm. whereas
At noon OF that day in 1879, dealings or, the
Exchange were suspended. It. was resolved
loan accom- modstio Gse we're Similarly extend.
ed. II was the first time that weather had
closed the Exchange.
sim liar to that of Monday was taken. putting
business over another dav. on the ground that
those few present could transact business only
AT n great disadvantage, while the 8" per cent.
or thereabouts who could not geS to business
ut all Merr manifestly,, al a greater dIsadyan;
tuge. The Produce Exchange closed at :
o'clock on Monday and at nom on Tuesday;
The Real Estate Exchange didn'tsopen at all
on MONDAY and the other EXCHANGES had very
Coffee exchanges didn't open at all and the
Consolidated closed at ] O'Clock.