, 1873-10-30
FINANCIAL.
Panic Reported on the
Vienna Bourse.
Decline in American Railroad
Bonds at Amsterdam.
A Quiet Day on Wall Street.
The Reported Failurs Of the
Spragues a Mistake.
Fresh List Of Bankruptcy Proceedings.
Official Statement from The Directors
j.: 'ot the Mint.
Fresh List Of Bankruptcy Proceedings.



failura Of a. and " 6prague d Co., tho
famous manufacturers Of Rhode Island, and
Of Hoyt, sprague i Co., their agents
In New York. Tho information Of tho failure of
tho spraguos was conveyed hero by dispatches,
In which 1t was affirmed that tho liabilities of
tho firm woro 9f4,000,0 900. while their assets
woro only half that amount. It is alleged
that they :. wero In Immediate need of
92,000.0o0, and at = meeting Of bank
olllcors, hold in Providence, 1t was
found that no relief could bc given, and that 4
thoir suspension was unavoidable, but, by tie
time this rumor gained gonoral currency and
these BtorieR penetrated to aud became thorough
ly known to the inmates Of every Office, 1t was
discovered TINT there was not the slightest truth
In 1t. The members OF tho firm in this city
claim that tloir assets are S14, ,000 600, and their
liabilities not half that amount. This, thoy say,
was demonstrated to officers OF the Providence
banks, @ md tho result was loan to the firm Of
s1,0o0,00o, which 1t required. for Immediate
wants.
TIE aR1NNELL SETTLEMENT.
Some OF the creditors Of Griuncll j. Co. have
proposed to tako their matters out Of tho courts
prior to tho appointment Of Ill Assignee In Bank-
ruptcy, and sottlo tho matter among themselves
without Dolby. It is proposed that the larger
creditors, who arc secured by stock ool1uterals,
shall take stock at prlco to be agreed upon,
creditors. Mr. Williams, Jr., g momber Of the
firm, said today that efforts woro making to
effcct an amicablo adjustment, but as yet, moth
ing had been accomplished.
TIE LAKE SHORE MATTER.
It WAS announced that Commodore Vanderbilt
intended to tako up bis Lake Shore stock and
that Of the Clark estate, and would insist on
sche]l aud Banker tnking up theirs. but nothing
can be loarned to confirm it.
The stock market opened weak, but improved
slightly in carly transactions, and WAS eubae-
quently alternately strong. and weak, closing ut
meas in stocks vas Hudson, Luke shoro, and
Wabash, and, beyond these shares, transactions
wore upimportant. Western Union opened at
5911, rose to 494; and closed at 62i9; Now
which i closed. Lake Shore declined from D. to
G22@. Harlem opened at 10511 and closed at
104M. Eric opened at 4615 and closed ut ASH.
Wostorn Union foil from 631S to 52999; Pacido
a. al froH as1 soS so Toledo dg5 Wabas5 from
1s5,-as Ii tho case Of Ohio 4 AIisaiasppi,- Ito
~ in st. Paul common.
GOLD. .
The gold market is somewhat more active
10a1a to 1os1s, German bankers arc Understood
to have becn buyers to-day on account OF prcs-
ent and anticipated disturbances in financial af-
fairs abroad.
SECURITIES.
Securities arc reported lower in London, and
tho fact TINT the outsido ratio of discount Is up
to that OF tho Bank OF England, per cent,
eecms to bo regarded rs an indication that tho
bank may advance itH ratos.
Sixty thousand dollars were received at tho
Assay Office to-day making total receipts Of gold
for recoinago, during the month, 81, ,70$00o.
nEpEMpTIoHs.
Tho Gub-rroasury liablrHcd est, 900 In re-
domption Of $40 bonds, and paid out on account
of November interogt %340, 600, making total
$1,7o0,000.
GENERAL BUSINESS.
Foreign exchungo dull and slightly 1ower.
Banks afo reported still gaining in legal tenders.
Government bonds weak and lower. :.
PRODUCE.
| Limited inquiry for -four, and larger offerings;
prices Of most grades under $3.50. Easier aud
very irregular Tho difficulty, in placing COM
mercial sterling is great drawback to trade.
| Shipping grades moro plenty, and at tue close
marked weaker for low and medium grades.
Wheat market quiet, owing to absence Of freight
room and very heavy market for exchange;
| spring. and rcd winter irregular. Oats
| opened stronger, but toward tho close tho de-
! r1and abated and market closed tame, at yestor-
days prices: Ryo dull: Corn fairly active early
| boing chiefly for home trades. Freights cub
| stantially tho sasne.
t1o tne Assocfat<d Prsss.l
| THE EUROPEAN BITuATIoN.
New YonK, Oct. 20-1he change in tho Euro
| poan situation to-day was quite marked, and
mauy incline to the opinion that tho Bank Of
| England rate will DO advanced In consequence
Of tho Continont drawing heavily upon London.
American railroad bonds ia stated by private
dispatches to be hoayy. Missouri, Kansas. and
ToxaB bonds, which were marketed above 90, arc
reported to be selling at 4014. At tho close Of
the day
THE SITUATION m WALL STREET
I Was mArl5pl by more quiet feeling.