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AFTER THE BATTLE The Gold Panic---Stocks- The Gold Board Adjourned. By the Atlantic and Pacific Telegraph we get the following dispatch -Another Company NEW YORK, September 25. It is not day of excitement anticipated. materithought that gold will advance This but look for panic in stocks. ally, being settling day there will be much Brokers ex eitement and many rumors. Smith have been working all night. & Heath announce that they Gould settle until the clear sound, but cannot The clearing ing house makes deliveries cash has fifteen million dollars gold, house and eight millions in currency, and business in consequence of the ormous they cannot make deliveries until say No one knows his positionunti Monday. The excitement he hears from them. and very little business be still transacted prevails, in gold in consequence sound, the clearing house, which is mixed. They are working hard to fix things. 10:20 a.m.- Gold, 132. The following the resolutions have just been carried by Gold Room, smidst great excitement: That the Board adjourn until Monday That no transactions of to-day will be recognized. 3. That committee of three appointed to solicit Butterfield, As sistant be Treasurer, to postpone the sale of gold until some future day. By the Western Union Telegraph Line we have the following fuller dispatch New York, September 25. -The Gold Room was crowded early this morning and at 10 o'lock the Board came to order, when the following note was received from the President of the Gold Exchange Bank The Bank will not receive any clear The statements from dealers o-day. statements ing received yesterday are nearly imall affected by the failures, and it is possible as yet to learn the balance. Dealers must be prepared to take up the tick- have ets of those in default which they sent in, as that is the only mode of adjusting the movement. The Bank will use every effort to bring accounts to prompt settlement. The Board then passed a resolution adjourn till Monday, to recognize transaction made to-day. and to appoint committee of three to wait upon the A% sistant Treasurer and quest him to postpone the sale of the 84 1000,000 of gold till Monday and then adjourned. gold There have been no transactions in to-day. The Assistant Treasurer committee declined to accede to the request of the but states that awards for gold will made until the bids are telegraphed Secretary Boutwordbox and that the to of bonds will not exceed the sale purchase of gold. The bank officials the are straightening out accounts between The cleargold brokers and themselves Exchange ings yesterday, at the Gold Bank,aggregated 8500.000,000. William Heath & Co. have not failed, was reported, but are doing business as usual. It is stated that Smith, Gould, Martin have & Co. will settle their account and balance of several millions. almost was impossimoney At 2:20 p.m. price. It quoted ble to be had any was freely at 7 per cent., and 1 1/2 per cent paid for turning stocks. The stock mar ket is dull. The houses reported yesterday as condi- hav ing suspended are still in the same not zion, and it rumored that they will be able to go on. The Fifth National Bank is introuble and there has been run on it all the morning, and it is said that it will have it suspend, unless the other bank assist LATEST. The day closed quietly in Wall and Broad streets and everything now wears a calmer aspect. The run on the Tenth National Bank ended about 3:15 p.m.; the bank having met the demands on it, and it is presumed that it will, on Monday of its to decline the receptance cease checks The ability of the bank to satisfy all claims has materially checked growing panie. and there is marked of confidence in the several covery partments of business 11 now only mains to be seen what Monday may closely bring forth. From the disclosures of the Bank kept seerets of the Gold Exchange Tenth National Bank'held in deposits this morning the 1,100,000. and paid out dur ing the day about $1,000,000, Mr. Calen- condi Bank Examiner inspected the der, tion of the bank to-day and pronounced satisfactory. Many banks were this Gold throwing out checks on the ing Bank, and some banks were Exchange were served with injunctions and legal notifications against paying checks paid into the Gold Exchange Bank certified yesterday and These checks, however, were came regularly through the Custom have House this morning, and of course Assistant be recognized, The bids to the amounted Treasurer for gold to-day $9,887,500, ranging from 125 to 13436. Gen The of the Treasury instrueted Secretary Butterfield by telegraph to limit the unless purchase of gold to-day to $2,000,000 to reject the bids should be over 134, and Government Bids for to-day Bonds to the Sub Treasury amounted to $7,461,000, at 116.17 and 116.17 Awards were made of 83,000,000 at and 118.08. cable dispatch reports been large amount of gold have and drawn from the banks of England France for shipment to New York The general opinion on the street in the failures, is that beyond those gard of Albert to Speyer, and H. Helden, small they confined principally to firms, will be whose engagements are not large enough to cause serious trouble. The position of the Bell operators is regarded with much doubt. It effect- is ported on good authority that yesterday they ed a settlement before noon $20,000,000 of gold at 148 to 150, the offsetting profit which should go far towards on have made on parchases the loss they must remain but even their fate Bank doubtful failures, until the Gold Exchange has effected its clearan At a meeting held this morning, out the At Post reported that had thrown small deal teen failures, chiefly among ers. Wm. Heath & Co. are believed entirely secure. Money was irregular and n n settled funds afternoon, owing to the lock up of in the Gold Exchange Bank. Call loans com were made at 7.per cent gold, with missions paid for carrying stocks Monday, ranging from 1@11/2 per cent The bank statement is unfavorable reflects a general disarragement of affair in Wall street. Foreign ex exchange quiet but firm at8@8% Gold quiet and nom been closed all d inal, the room having A few street sales were made 133@136 latest reported figures were 133 1/2 1341/2 The Governments dull, and State bonds peglected
