New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-29
IMPROVED FEELING IN COMMERCIAL
CIRCLES

THE ASSOCIATED BANKS REFUSE TO COMPLY WITH
THE REQUEST OF THE STOCK EXCHANGE COM
MITTEE, AND AUTHORIZE THE ISSUE or ADD
TONAL LOAN CERTIFICATEs-A PETITION TO
OPEN THE STOCK EXCHANGE TO-DAY SIGNED BY
ONE HUNDRED BUSINESS OBSERVATION-DISCLOSURES
AT THE ACKNOWLEDGEMENTS TO EUROPE IN
CREAsING RAPIDLY-PRICEs OF PROVISIONS AND
BREADsTUFFs WELL MAINTAINED.
The close of the week brought a feeling of
relief not only 10 the business OF Wall and Broad
sts but also the mercantile community arising from
belief that the doubt and uncertainty of the past
seven days were about be ended. The requests made
to the Associated Banks Wednesday last
by the Governing Committee Of the Stock Ex-
change, THAT the banks who content 10 make
cearances with each other should 10 the extent Of their
associated capital, guarantee the payment OF checks
certified by the banks allowed to enter into the Clearing
house." that bank clearngs be made an hour earlier
than at present, and that for ten days after the re-
opening OF the Stock Exchange, they will not call in any
loans 20 brokers which sufficiently secured" were
definitely refused by the Associated Banks, Saturday
in report which gives the for such refusal IN each
instance On the other hand they withdrew the limit OF
which they had placed their issue Of clear
ing certificates and resolved to issue any amount which
they might believe necessary. The Governing Commit
tee OF the Stock Exchange have been busy engaged In
efecng settemenro the business of the past week,
and with degree Of success though there are some
transactions which will have to be settled under the
rule" They held two meetings on Saturday, at 1890
A. m. and 1880 D. m At the first definite conclusion
was reached at the second the report Of the Assoc
ated Banks read and also petition signed by about
a hundred Names urging the opening OF the Stock tx
change on Monday morning and the suspension for
period OF days OF the rules applying to the closing
of contracts the rule. In view of the necessity
of putting an end in some way to the irrespon-
show a marked depreciation OF values, and give evil
dence that stocks been unnecessarily slaughtered
the Committee resolved open the Stock Exchange at
the usual hour on Tuesday but took action thu
second proposon OF the petition. The announcement
OF this action inspired confidence in the future,
which was strengthened late in the afternoon by dis
match from Washington saying that the Government
had decided TO anticipate the November interest on
register red and coupon bonds. This was generally be-
eyed though no instructions 10 that effect had been
received at the United States SubTreasury. IL is be-
ieved that this order II carried out will place between
twelve and thirteen millions Of dollars additional In the
hands of the public.
afternoon and very generally believed, that Com
modore Vanderbilt had obtained loan equivalent TO
Union Company their loan 10 the Lake Shore Rail
road. The report not verified during
the day, but there was a very general dis,
position TO believe everything which looked
favorable to early conclusion OF the financial
difficulties. The geld gamblers were again busy IN
the Gold Exchange and the advanced prices OF Friday
were well maintained during most OF the day and at
one time exceeded The opening price was ma II adj
vanced TO 5i and fell to 49,. where it stood at the
close. The improved feeling ON Wall-st extended 70
commercial circles Prices OF provisions and breadsuhs
are well maintained, and Notwithstanding the DIM
cultes which still environ the question OF foreign eA-
change the shipments to Europe on Saturday were IN