, 1873-10-31
FINANCIAL.
Failure Of Hoyt, Sprague &
Co., Of New York.
Critical Condition of the, Rhode
Island House. :
Two Sprag.1e Banks Suspended
and Three Others Wa !
vering.
The Fato Of the Spragues to Be
:. Decided To-Day.
Three Million Of lloyt, Spraguo & Co.'S
Paper Al}0at Ill heW York.
Several Other Suspensions in
New York Yesterday.
Tho Union Trust Company to Resume
Dec. l with Increased
Capital.
The Trustees Report It's Capital IN
impaired.
Gloomy Reports from the Manufacturing
Districts.
Thousands of Operatives Out Of
Employment.
Tho Union Trust Company to Resume
Dec. / with Increased
CaDita1.
The Trustees Report Its Capital IN
impaired.
Gloomy Reports from the Manufacturing
Districts.
Thousands of Operatives Out Of
Employment.
NEW YORK.
Special Dispatch to The Chicago Tribune,

Special Dispatch to The Chicago Tribune.
FAILURES REPORTED.
New YonK, Oct. 80.-During tho day tho
failure of tho following firms was announced !:
MceBrs. Lloyd, Hamilton & Co.. domestic bankers,
of this city; ]. T. l. ". II. Daloy, No. 10
Now street; g. Mailman schmiu t. Co., Water
street; and Kmbor Vivian & Co., London.
Lloyd l. Hamilton say their failure was not
duo to stocks, nor wego they building rail-
ways. They had suffered from the withdrawal
of deposits, and, owing to tho stringency
could not realize on their securities. They had
paid out over 81 ,0o0,o00. Tho firm Of J. I. L
". II. DAILY having become involved, with q
number Of other capitalists, by tho erection Of
tho now Windsor Hotol on Fifth avenue, tho
firm had been compelled to suspend.
Tho failure OF G. Mailman, schlnid T. Cox Ia
owing to their paper, to tic amount Of E35, 900,
having gono to protest in Europe. The firm Ray
that the suspension will bo only temporary.
The failure Of kimbor, Vivian g. Co. is M old
one, but it wns not officially announced to the
London Exchange until to-day.
THE TRUST COMPANY.
At o meeting Of the Board Of Directors to-day,
It was decided to increaso the capital OF the
Union Trust Company to 50 900, 900, aud to re-
sumo business prior to December !.
STOCKS.
In transactions in tho early part Of the day on
tho Stock Exchange, the Improvement III vnluos
WAS marked that 1t seemed to i1,dicatea united
andpreconcertedb bull movement, but soon p1cos
began to doclno gradually. and by tho o'clock
eall thoy had o:a! rocoaod from from 4 to per cent
ut the beginning of the second call, but had
gained fraction at the closo. The Central,
Hudson, and Harlem list on the days business,
as compared with last nights prices, fell nearly
X, Pacific Mail ~; Woslorn Union, 2335
Hannibal l. St. Joseph, Rock Island, Toledo i
Wabash, and Lake Shore, each i.
GOLD.
The gold market Was dull, with moderate buBi-
ness. Chief purchasers were American representa-
tiyos OF German bankers. Quotations between
109l4 aud 1885. Foreign nowB unfavornble, Conti-
mental mai:;ots being unsettled and more or less
panicky. Moderate activity in railway bonds,
aud lower prices geuorally prevailed.
Small demand for 1lour aud market tame for
medium nnd bottor gradea. Shipping brands
| firm and not plonty. Market rather moro firm
and nctive ut tho close for low grndos. Tho
wheat market opened tiruor, but quiet wintor
| very quiet, nnd values uncertain. Tho marriott
WAS wouker ut tho close, and the inquiry chiefly
Tor export. No. 2 Chicago spring sells ut sl.31 q
1s wssorn No. ch''iES ys se spias D 1 f Ss0 oo1
Tile movement in borth freights continues
smallt which is partially attributed to scarcity
Of room and advanced rates asked. TesselH for
|
| ratos for grain and petroleum.
{Io tbs Assoclated lresa.)
THE UNION TRUST COMPANY.
NEW YoNK, Oct. 30.-A meeting Of the Trus-
teos Of tho Union Trust Company WAS hold to-
day to take action upon the results OF the OK
animation Of it's affairs. The capital remaina
unimpairod. aud thero is a. consider:
| Committee Of tho Company tondered their
designations, with view to reorganization.
A resolution was adopted increasing tho capital
stock to 80, 900, 900, double tho present amount
the new stock to ba offered to the present stock:
holders to Nov. 1t, and an amount equal to that
now held BY each, 25 pcr cont payable Nov. rs
after Dec 81 upon thirty days notice. It waf
resolved also to resume business Oh or before
| Dec. noxt
Committeea wore appointed to carry into o.
feet the above resolutions.
German exchange and the Bank Of England
rate Of discount remaiu unchanged.
There is 10 premium Oh grcenbacka.