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THE STOCK PANIC. A LULL AFTER THE STORM. The End Near at Hand. A Dry Goods Suspension. NEW YORK, Oct. Patton & Co., one of the oldest dry goods houses in this city temporarily suspended today. The Danforth Locomotive Works of New Jersey have succumbed to the financial stringency and will place the employees of their foundery on half time, or work two gangs, on alternate days, equivalent to the discharge of 5: men. Forty employees of the Morris and E-sex railroad at Hoboken were discharged yesterday and about 150 at other points, because of the (mability of the company to obtain currency. They have plenty of funds in the bank but Calnot get their checks cashed. Chicago Advices. A special from Chicago says that the settlements at the clearing house were all made today and there is a better feeling ou change. the telegraph business of During York the increased panic fully fold, New three as shown by the receipts of the various companies. Washington specials sav the financial outlook there is now very bright and cheerful. There was a very quiet feeling in financial circles today. with an entire absence of any exciting event. Nothrop & Chick suspended this morning, but their failure had no influence on the stock exchange as they had no stock. their suspension being caused by the withdrawal of deposits. Condition of Markets. The Erie ring is paying 31 per cent. dividend on preferred, and 1 per cent on common stock today. At the produce exchange there is more business and better feeling. Brea Istuffs being moved more rapidly. In the money market today, the stock brokers pay 7 per cent with a and 1-8 for that IS commission which is about of all 1 16 quotable. their The banks loans, lend all they cau to their customers at 7 per ceut. and mercantile paper while inquired for does not sell. Highly Indefinite. In response to telegrams from the Chamber of Commerce of Charleston to the Secretry of the Treasury; said telegrams referring to a statement that the government was ab ut to place two millions in currency at the sub Treasury iu New Orleaus; te be paid into the banks there on checks on New York, and asking that half a million be placed in Cnarleston for the same purpose, the Secretary of the Treasury says: "Charleston will have all the relief afforded other places." It is true that $2,000,000 have been placed in New Orleans. but this is no new feature, the government always keeping currency in New Orleans. Owing to the reception of favorable finan cial news from varions quarters money is becoming easier in this city. Lower Rates for Money, CINCINNATI, Oct. 1.-Business IS very quiet but more confidence and cheerfulness is apparent. Lower rates for money prevailed on the street. BALTIMORE, Oct. 1.-Kemp & Co., grocers, have suspended. Liabilities $80,000; assets $60,000. CHICAGO, Oct. 1.-The financial situation here this morning is much brighter than yesterday. There is a much firmer feeliugi in the grain market, with an advancing tendency in the prices. A Good Indication. LOUISVILLE, Ky., Oct. 1.-Today the Planter's bark, People's bank and Louisville City National bank withdrew from the clearing house association. They are paying all checks presented. They withdrew on the ground that there wa- no necessity for a comuination. LOUISVLLE, Oct. 1.-The Clearing House Association dissolved to-night.
