Article Text
outside under to 107 sell stocks rule that it was many Exchange had so impossible many to do it and k pup with the current business RESPENDED. YORK, BANK OF NORTH Sept. AMERIC m.-The Bank SURGING of New North America has suspended. CROWDS. ml At this hour are vest multitudes NEW YORK, Sept.20,1:30 sarging to and frothrough and streets, the Wall, Nassau. New and and Broad lower Broadway, recalling A general Exchange Place scenes of the firing on feeling Fort Sumter or the July riots. of the stock exat the closing who are of relief is expressed by the brokers, from the change of escape. through any means Stock Exchange glad pressure. The firmer, and tremendous open on Monday. Gold advices relative to a will probly under Washington is now 112 % advancing, further issue of currency. The price the NOTICE FROM THE LEARING-HOUSE been issued by The following Notice notice has is hereby given that a clearing-house: clearance cannot be effected the dealers this day, find general owing to the fact that their many checks of certified in a it impossible manner. to get All statements, tickets appli- and checks proper will be returned to the dealers on cation $10,000,000 to the bank. IN LOAN CERTIFICATES. afternoon NEW YORK, Sept. The bank presidents resolution at their to issue meeting immediately this ten millions in loan THE GONE certificates. NATIONAL SAN OF THE COMMONWEALTH NEW commonwealth YORK, Sept. has just The suspended. National bank of the BANK. RUN ON THE FOURTH The run en the NEW YORK, Sept. bank continues, but up to this Fourth Natioral institution is paying all demands, STREET. The hour the THE EXCITEMENT IN excitement in the NEW YORK, Sept. which followed the suspen Bank on of Stock Exchange Urion Trast company and escription. the The of Commonwealth was the beyond mad a house, and the exchange re embled blocked a ith people, all laboring Prices tumstreets under great were excitement and trenzy. and stocks were bled from 2 to 16 per cent., apparent regard to slaughtered without upon cheer any followed from the ADDITIONAL brokers value. Cheer when the Stock Exchange closed. a. 11:45 snsm. New NEW YORK, Taussig Sept. Fisher, P. M Meyers, Del- Mil pensions: Lawrens Josephs, Fearing & head. linger, ler & Walsh, Williams & Bostwick, and E.C. BroadA DEPALCATION exists in the Union Trust Company; cannot say to what extent. BANK OF NORTH AMERICA. certifiNEW THE YORK, Sept. Bank of North p. America have cations drawn of the out of the clearing house, which been rise to the rumor of its suspension. DEPALCATION gave TRUST COMPANY in THE NEW UNION YORK, Sept. amounts defalcation to $500,000. the Union Trust Company Charles F Carleton, is said to be the defaulter. The secretary He has not been seen since yesterday afternoon. NATIONAL TRUST COMPANY till say that THE they could then have have kept been up payment short. They Monday, the but street would with an amount of currence at a discame on but could find no buyers ef used to sixes, of 30 to 40 per tent and they for better count sacrifice, and suspended Have sell at such of themselves and customers. protection no advances on railroad securities. THE BANK OF that the run on the 4th National customers Bank says ipitated on US, and one of our their account pr Edwerd Haight Co.) overdrew make it amount of $200,000. and did Under not these to the the extent of $170,000. STOCKS OPENED circumstances good to we thought it best to suspend." govenment's with an advance of 4 to 6 on the buy bonds, but announcement the that failures it would of the nion Trust DEFAULTING fell 2 to 25 on Company and of the Commonwealth. SECRETARY YORK, THE Sept. Carlton, the default had NEW of the Union Trust ng secretary friends and relatives, on securimade loans to regarded sdoubtful, luding ties which were father, Rev. Dr. Carla loan of @20,000 to his priety. of the Method Book Concern others ton, The secretary for one loan is good; the are of no value. IN ALBANY. ALBANY, FAILURE Sept. is rumored that the banking house of Squires & Son, of this city, hrs spspended. STOCK QUOTATIONS YORK, LATES Sept. The follow ing were the the NEW quotations before the closing of ock latest stock board, as well as could be ascertain Central, Island, 87, cash; Ohio's, New York Lake Western Union, 57: Pacific mail, 32; Erie, 87: 89: Union Pacitic, 18; Harlem, 103 44. 55 Shore, St. Paul, 32%; C. C. and C., 20; Wabash, $2,483,000 BONDS ACCEPTED. NEW YORK, 483,000 of bonds were accept 1.rom 109 to 111.25. STATE BONDS no was There price There have been no transactions for money in before state bonds. the closing of the stock exchange. there Since being then ruled at per cent. currency. no it demand for it, as no st ock transactions have taken place. HALF MILLION DEPALCATION. NEW YORK, Sept. 20, 1:25 p. It is now rethat the defalcations in the Union Trust Company ported ill amount fully half million of a that they have been extending over do lars; iderable time, and were committed by one or officers. While the story is generally is of the lit d. it is deni d by others. The culprit cr reported to have fled city this morning. UNION TRUST COMPANY REVIVING. YORK, Sept. Checks drawn upon NEW Union Trust Company are now (half-past the (wo o'clock) being cashed by the Manhaitan Barking Company. CLOBING PRICE OF GOLD. New YORK, Sept. -Gold close at 11136 The payments that are being made by the Mauhattan Banking Company on account of the diUrion Trust Comp .ny are on checks drawn on them prev OUS to this morning, and r against et money deposited by the Trust Company. The Situation in Philadelphia. FAILURE OF THE UNION BANKING COMPANY. PHILADELPHIA, Sept. 20. The Union Bankcompany have failed. This bank is a state chartered ing affair, and bore a heavy run yesterday. THE SUSPENSION TEMPORARY. PHILADELPHIA, Sept. 20 Third street is comparative quiet this morning. The run on the Fidelity Trust company has almost subsided. The Union banking company, at 4th door stated that and Chestnut streets, did not open today, owing but to a placard demands on the suspension of a few days had heavy been r olved on. It sustained a heavy run yesterday, paying out about $700,000. It is a state institution issuing no notes, and its suspension only affects depositors. AT JAY COOKE'S BANK matters are progressing quetly the which clerks W be- II be laid ing busy before in preparing the meeting a statement, of the members of the firm, which cannot take place until arter the arrival of the steamer Ru sia, on board of which two members of the firm are pas engers. The Russia is expect d to arrive on Mo: day. the