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obligations will be paid as fast as they can be realized on securities More Failures in New ckbone of the Panic Broken The Stock Exchange Still Closed. Trade in Dry Goods Encouraging Aggregate of Bond Purchases THE PARTIAL SUSPENSIONS IN ST. LOUIS, CINCINNATI, CHICACO & BALTIMORE. THE PRESIDENT IN WASHINGTON. He Confers with Secretary Richardson. No Further Relief Disbursements to be Made by the Treasury. Last Night's Dispaiches. NO MORE FAILURES REPORTED NEW YORK, Sept. 25.-No more fail ures have been reported, and notwithstanding the disappointment telt at the action of Secretary cf the Treasury is hoped confidence which received 80 severe a shock on Monday, will soon be restored There was less excitement on the street to day than any other day since Thurs day last. As usual, crowd of brokers and their clerks collected in front of the Stock Exchange, but the number was smaller than on any previous day, and the general tone was CALM AND RATIONAL. The action of Secretary Richardson in stopping the purchase of bonds and in refusing to anticipate the5 per cent. bonds of 1874, due January was eagerly dis cussed, and so far as could be ascertained met with but moderate approval, while some expressed great anxiety BACKBONE OF THE PANIC BROKEN There are many conservative men who are of opinion that the associated banks are fully able to hold their own. and that the backbone of the panic has at last been broken The Stock Exchange still remains closed and common report has that it will not be re-opened until Monday in any event and possibly not then unless there shall be marked improvement.in the condition of financial matters. All the clearings this morning were satisfactorily made. The committee of the clearing house appointed to consider the communication of the committee of thestock exchange yesterday have not yet taken action in regard to it, but the chair men of the two committees had conference on the subject this morning. A prominent bank president said today he believed the banks were working smooth ly, and thought it doubtful if the recom mendations made by the stock exchange committee would be adopted. DRY GOODS TRADE ENCOURAGING The views of those prominent in the dry goods trade are encouraging in the greatest degree. Business is about good this month as it was during the same time last year, and shows hardly any more of falling off than would prop erly accom the end of the season. few buyers hold back, and indeed merchants do not care to sell, except to parties of whose stability they are well assured: but affairs go on in ordinary grooves very much as usual. A meeting of dry goods men was held at Claflins last week at which they resolved to stand by each other. It was agreed to deposit as usual with their bankers, an agreement having been effected whereby they can draw what money they require for business purposes as heretof The arrangement has been found to work satisfactorily for all parties concerned. PRODUCE MARKETS A general conversation with dealers at the Produce Exchange to day shows that the market for flour, breadstuffs. petroleum and naval stores remains in nomi nal state. Dealers cannot act intelligen or make future contracts while the present uncertainty continues. and consequently transactions are limited. The grain trade is quiet, the absence of the market for commercial exchange check ing business to great extent On this account the receivers are unable to dispose of their merchandise to shippers, and the current has sent back to the West large amounts of grain that has arrived here which was intended for shipment and how remains in the warehouses in consequence of the inability to ne gotiate foreign exchange. By antici pating the payment of the bonds of 1874 some dealers think that the Government will afford means of relief to about two thirds of this class of bonds which are held abroad. Leading grain merchants state that THE LOCK UP OF ALL CURRENCY has acted on the trade in three ways: 1st thas put stop to the crops in the West. and has delayed the consignments on the way. 2d. It has caused fall in the price of breadstuffs in New York, although not to any very great extent. 3d It has se riously embarrassed exporters from this city to Europe, who cannot sell their exchange on Europe, and w those operations are thus summarily suspended MORE OF AFFAIRS AT NEW ORLEANS NEW ORLEANS, Sept. 25 -The merchants generally approve of the course the banks have determined upon It understood that meeting of the Cotton Exchange will be called to morrow to approve their action. There is nothing doing in exchange, and no unusual ex citement about the banks ADDRESS ISSUED BY THE NEW ORLEANS BANKS. NEW ORLEANS Sept. 25 The follow ing address was issued by the banks to day The undersigned incorporated banks and bankers of the city of New Orleans, desire to inform the community of the motives that actuate them in partially suspending the payment of currency upon their demand obligations. Owing to the partial suspension of currency payment by associated banks of New York, and other northern cities, and the consequent refu sal of the western banks to receive checks on New York, as the regular course of settlement of collections made here for their accounts, it has been ascertained that very large remittances of currency hence have been made upon peremptory
