New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-26

the city there Indications of It In their Office
The tide had not turned YET.
The officers OF the National Express Company
unwilling 20 say how much money they were sending
out or receiving, but the outgoing was three
times as large usual. II sent in large amounts -
$4,000 10000, and 10000 each. great many bills
sent III for collection against banks and firms. which
gave them much trouble as In many instances 1t was
impossible 70 make collections. Very little money was
coming into the city through their Company.
The President Of the American Express Company was
unable to give the figures OF the outgoing incoming
money but the former greatly exceeded the latter The
drain from this city was always greater at this season
the year than at other times, but much greater
than at any previous time.
FORCING SETTLEMENTS AT THE STOCK EXCHANGE.
At 1 p. M, the Governing Committee OF
the Stock Exchange held meeting for the purpose OF
devsng for the settlement of transactions of
last Friday and Saturday. After considerable debate
the following resolution adopted:
Resolved That In the Judgment OF the Governing Com
mittee the transactions Of the members OF the
Stock Exchange should be closed and that with tins
view a committee OF he appointed who shall issue
notice, what hour they will be prepared receive
statements Of stock transactions to whom II Is hereby
send in detailed statement Of all stocks he has to
deliver and receive On receipt OF these statements the
committee shall proceed to endeavor to effect clear
Of the same and for this purpose the committee
are hereby clothed with power to incur all necessary ex
penses,
The following were the committee: L. 7. Hoyt, Chair
man; E. o. Carpenter, c. d. Wood E. II. Miller, 8. T.
Lockwood, aud II. L. Alexander. The committee held
meeting In the afternoon and will report TO the Govern
ing Committee to-day.
Various theories expressed as TO the advantage
to be derived by appointment of the Stock Exchange
Committee OF for the purpose OF enectng clear
ances Of the transactions last Friday and Saturday
Some the bankers object sending in statements OF
their transactions the Committee, it would furnish
their competitors with too much information concerning
their operations. In addition, 1t is claimed, even
by those who disposed to facilitate the
operations OF the Committee that the clearances will
be made until the stock finally lodges where the man
who has agreed take il will refuse to do so, on the
ground that he has no money, and cannot obtain IL
although he may have plenty Of securities II he can
not effect compromise the matter must be reported 10
the Board, when his suspension Will naturally ensue
It is generally thought that the Committee have dell
and task before them. and their report to
the Governing Committee to-day, is awaited with in
terest.
SHALLOW COMFORT FROM LONDON.
The probability of a resumption of specie
payments owing to the pressure currency and the
heavy shipment of bullion from Europe 10 this country
az set forth by The London Nec yesterday, Is con-
sdered preposterous notion by influential nnancers in
Was John j. Cisco said he could not see the connee-
ton at ALL Gold cannot become currency so long as
paper is more convenient but necessary the basis
adopted by the Government looking toward restoring 1t
as the basis. But until the Government resumed, the
banks could not and the Government had not enough
gold in its vaults to resume.
Mr. Morgan Of Drexel, Morgan Co., said that the
troubles in Wast and the importation OF small lot OF
gold could have possible effect upon resumption The
effort to make connection between the two was simply
absurd. The importation of gold would not continue
and the old current would be reestabshed
STOCK TRADING IN THE STREET.
A small trade in stocks was carried on in
the street by dealers The following the prices thus
created for cash
ODening-N. Y. C. and Hudson Consolidated, S9d9l
Lake shore, Rock Island, s5a87 Wabash, 80 IaT-
lem lO5 Western Union Telegraph. 56d55; North West
ern 3gd; Pacific Mail, 29G30 milwaukee, and ST. Paul
80 Ohio and Mississippi, 27G2S Union Pacific, 1920.
e.. c. and Ind. Central, 20Q21.
D. m.-UniOn Pacific, lsd 20 Lake Shore, 1916; New
York Central $500; Western Union, 55d6O; O1Os' 2o0
Is; Pacific Mail, 27d3O; Rock Island SO NorthWesIern
3s 04O Wabash 39d; c. C. ana G.. offered at q Har-
lem, G2dl05 ~
Closing-N Y. c. and Hudson, 400; Lake Shore. 7S0
"a Rock Island. S5as6; Harlem, l07; Western Union
Telegraph, 55a57; Northwestern, 4OaI3; Milwaukee
and St Paul 29a 80; Pacific Mail $50; ONO and Nils
sissippi, 25d27 Union Pacific, 1920