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Financial Matters in New York. NEW YORK, May 22.-J. L. Brownell & Co. have failed. No statement of their assets and liabilities is forthcoming, but the collapse is not thought to be of a serious nature, nor likely to have any effect. NEW YORK, May 22.-It is stated at the office of Brownell & Co., that one of their customers fraudulently carried away a block of securities. The liabilities, they say, will be light. NEW YORK, May 22.-There was no improvement on the stock exchange and there is a growing feeling of uneasiness. The sharp decline of Wednesday seems to have blighted the hopes of an immediate boom. The opening was weak and feverish, with more sellers than buyers. Rumors were circulated of further trouble in some broker firm, which accelerated the pressure to sell. A good many commission houses refusing orders to buy or sell, open margins. Vanderbilt brokers say they have heard from him, but all they will state is that he is hot selling stocks; it is apparent on the board that he is not buying. The market was better during the last half hour. There were no additional failures up to the close. and brokers express a feeling of relief. There is an opinion yet that the worst is not over. The market was feverish and active all day. It was expected that supporting orders would appear from Vanderbilt, and the failure to get them caused the weakness. The bears raided Missouri Pacific down 31/4 per cent., St. Paul and Northern Pacific preferred 28/4 Lake Shore 2, coal stocks, 21/@5 per cent. on a report that Lackawanna will pay employes in scrip instead of cash. Union Pacific was the weakest feature at the close. Money was quoted easy at 3@5 per cent. per annum. Oil broke 6 cents on the news of the Pittsburg bank failure. Simpson, of Donnell, Lawson & Simpson, stated to an Associated Press reporter that they could pay one-half of their indebtedness in twelve months, and the remainder in two years, if their terms were accepted by ninetenths of both amounts and members. President Rogers, of the Louisville & Nashville company, says the bond interest for June 1 is fully provided for. It amounts to $750,000, and will be paid as usual. The July interest is but $350,000, which will be provided for out of the net earnings. 9 Ex-President Baldwin, of the Louisville & Nashville road, says that the allegations that be obtained loans and hypothecated the securities of the Louisville & Nashville road, are untrue; it is also untrue that he used 1 the Henderson bridge bonds to procure bonds for his own use. He did endeavor 7 to uphold the credit of the company by sustaining the price of the stock, but the directors did not agree with him, and he made good the difference of $206,000. The floating debt of the company is more than covered by the present values of the securities held by the road. This is the whole story. The directors of the road corroborate Mr. S Baldwin's statement. a The Marine National bank has opened for e the purpose of balancing its accounts, but is is not paying out money. e Russell Sage has accepted all notices of "puts" presented, and those who denounced if Sage as "an old fraud" are now loudest in e declaring him a "bully old fellow." At the offices of all the suspended firms it was said I that the situation was practically unchanged. Receiver Davies, of the failed firm of Grant & Ward, has made an application for re permission to redeem ypothecated securities out of the general funds coming into his hands. The matter was postponed for a a later day. Judge Donahue granted an in a junction restraining William S. Warner from transferring, disposing or impairing re the value of property transferred to him by I Ferdinand Ward. st