The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-10-01
BY TELEGRAPH.
The Financial Outlook.
PAYING NOVEMBER INTEREST.

The Financial Outlook.
PAYING NOVEMBER INTEREST.
New YORK, Sept 30.
The sub-treasurer paid out So, 500 to-day,
on account of the November interest
SUSPENDED FIRM RESUMES.
Smith & Seaycr, who were reported sus-
pended on the 10Th, announce that they
will pay all demands in full, and continue
business as heretofore.
HOPEFUL REPORTS FROM VARIOUS QUARTERS
WASHINGTON, Sept. 3d.
Dispatches received by the comptroller of
the currency this morning from New Or
leans, Chicago, Salt Lake, and other cities,
are of the most hopeful character and con-
vey the impression that the panic is at an
end
THE DEBT STATEMENT.
II is stated at the treasury department
to-day that the department statement to-
iOiiVh wiz tNhlDlt u iulI lfNuCllOu Ill lllt
public debt, Notwithstanding the revenues
of the month have been comparatively very
light. The treasury disbursement for usual
expenses of the government for the month
ending to-day have been below the average
expenses for the last three or four months.
SUSTAINING THE BANKS.
HARRISBURG, Sept. 80.
Al meeting of manufacturers to-day,
resolutions were adopted approving the
action of the banks in preventing drain of
currency as conducive to their best inter-
ests as well as TO the interests of the public
at large.
CHICAGO TO ISSUE SCRIP.
CHICAGO. Sept. 30.
The city council have passed an ord-
nance authorizing the issue of $500 900 in
treasury scrip with which to pay current
expenses of the city during the lookup of
currency. There is much difference of
opinion among business men as to the cx-
pediency of this issue.
BANK CLOSES BUSINESS.
The directors of the Union National
bank, after paying out about $500, 900 yes
terday, decided at a meeting last night to
go into liquidation The officers state that
the assets are abundantly sufficient to pay
all liabilities in full
MEMPHIS BANKS.
MEMPHIS, Sept, 30.
At large meeting of the chamber of
commerce this morning, to consider the
financial situation. resolution was re-
ceiyed from the banks of the city to the
effect that they would not suspend, but
would open, in addition to the usual bust
ness, and exchange account, to be paid in
kind for the purpose Of removing cotton,
which was unanimously adopted by the
chamber
FINANCIAL PANIC IN GERMANY.
LONDON, Sept. 30.
A dispatch at Berlin hints at financial
troubles in Germany. Fancy stocks and
bank shares are not saleable, and some
have fallen rs much as twenty per cent.
There is some talk of government interior
cnce
FOR NEW YORK.
The ESQ, 900 drawn from the Bank of
England on balance to-day is to he shipped
to New York
HEopESING OF TIE STOCK EXCHANGE.
New YoRK, Sept. 80 1910 Il. m.
The stock exchange opened with an i'm
proved buoyant feeling and an advance
along the entire line of stocks. Wall street
in front Of the stock exchange was crowded
as the hour Of opening approached. When
the doors were thrown open a stream of
members and spectators rushed in, filling
the floor of the exchange and visitors
gallery. The members closed around the
presidents desk, cheering vociferously and
waving their hats. When President Chap
man rose to address them all became silent.
He said "Wc are met again after a very
momentous suspension for the purpose of
resuming business. Your action in the in
term has met with universal appreciation,
and has been most satisfactory to your
selves. Business would, he added. 'bc
carried on under the rule adopted yesterday
by the governing committee" which he
read, appointing Messrs. johnson, Ten
Brock and lIartshorn a committee to
settle contracts of dcfaulting PARTIES In
conclusion, he added, ''all I ask now is
that you help each other to bear the burden
that has fallen upon us and to so conduct
business as to enable the exchange to carry
on its work successfully Loud cheering
greeted these remarks, and the members
proceeded with business. A much better
feeling appears to exist, and the opening
prices Of stocks showed feeling of con-
fidcncc
THE GOLD MARKET
1l:5Oa m.-Gold opened at 12s and 10
was bid.
CAN MEET his LIABILITIES.
Henry J. Brooks, leather merchant, 40
Ferry street, who suspended yesterday,
says that if time is given him he can meet
all his liabilities.
FAILURE OF BULLOCK " SONS.
The Times Philadelphia dispatch says
considerable disturbance has resulted in
commercial relations from the unexpected
failure of Benz. Bullock Il Sons yesterday.
Other suspensions of mercantile houses may
he looked for during the week.
ACTIVITY IN DRY GOODS.
The leading dry goods firms all report re-
newed activity within two or three days,
and expect very lively business during Oc.
tober.