New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-12-06
LOCAL MISCELLANY.
WALL, STREET ADJUSTMENTS.


THE WITHDRAWAL on THE GRINNEIL BANKRUPTCY
PROCEEDINGS PRoBABIE-PROSPECTs OF H0wEs
MACY.
The Stock market, yesterday. was unsteady
and was influenced to extent by the news from
Cuba The general tone OF the market indicated conf
dence and the closing prices nearly a. high a. at
the opening and in few instances higher Lake shore
opened at g. went low III and high as 10 ana
closed at 72i New York Central opened and closed al
92i after reaching % and 9l Western Union opened AT
10Y closed 7Ol Pacific Mail advanced from $40 10
4Ot. and closed at 3s The legal tenders III the assn
cated banks have increased s9i5cOo since Thursday
Gold to 1904 and closed at l09b, the opening r
The Assistant Treasurer paid out s2o5oo In redemption
Of bonds and s3 900 on of interest The receipts
from customs were $4,000.
GEORGE BIRD GRISsKLL 90.
In the United States District Court yesterday ueors
Bird Grnne and Joseph {. Williams, Dahhrupts' anu
Geo e. Grinnel and Geo. Bird Grnne. bankrupts
filed through Martin & smith. their attorneys peu
ton OF which the following is the substance;
On Oct 49, 1873, George Bird Gripneil ana Joseph
Williams the general partners IN the limited partner
ship OF Geo Bird Grinnell Co.. in which Geo Is Urn
nell was the special partner filed thelr pettloh 10 p
adudicated bankrupts. and TO have the same limited
partnership adudicaIed bankrupt Inc Peution anu anu
ih Hereunder were referred 10 Register
~ w Alien and on Oct 16, 1873 Geo Bird Grinneli ana
Jo,eph G. Williams and the said limited partnership
G were hoVu1 Grnneu. one Of the general part
ners in the general partnership OF Geo, d. nrinned a
Co filed his petition to be adjudicated bankrupt ana
TO nave the SAID general partnership sdiudieated
bankrupt The prayers OF enc petitions were granea,
aud the proceedings IN the ihiteu ana !" 'nc ho''
partnership cons0lldateh. -, L.. -,
I'm Nov a. 1873 the first meeting or the creditors OF
the oankrupts was held bu no 80, Zee "s @ TSe
petIopers have effected an arrangement with al OF
tner rredtors secured as, well unsecured incud-
;n9 all creditors who have proved their claims except
as hereinafter mentioned ana nave ootalued from tne
written consents that the proceedings III bankruptcy
bcreiu he discontinued that the respective assets ana
property OF the bankrups be renewed ana restorcu W
tbein and that an order TO that effect be entered
The petitioners ready to produce ana prove before
the Register all OF the said consents so hat theV may DC
u ,ao mon nv hin The only creditors who have not
passo ny matters and things set forth above.
follows: William Graydon.ta creditor OF me genera .pd
gnSr,i nsfinefsp fof s477 20; Mrs H. b. wilmardng;
creditor of the general partnership, Tor so52 ~ Al
creditors have proved tne G,s, anu so o
doontinuance of the bankruptcy proceedings herein on
ali tho debts of the said creditors VINO nave not
signed the consent 10 about SOW Inc ssiu
iimitedi Partnership, ,eDn.itea enc with the Regis.
Ter as 100 belonging 10 IT. aud the general partnership
deposited with him the sum OF s2ssoo ps'9gins ~ nv
Of the state OF NewYork where they now are, subject
to of the Court Tho petitioners are Willie
as the Court shall direct to fully pay the Claims Oh tno
he matter be referred Register to take proof OF
the matters forth in their petition to report theIeo
aud To give his opinion rs 10 whether the DahhIup'c1
proceeding herein be discontinued
Judge Batchford directed the entry OF an order th'
the prayer OF the petition be granted
A meeting OF the creditors Of Geo Bird Grinnel * Co.
was called for yesterday morning, but pending the re-
,t of the proceedings bankruptcy, 1t was adjourned
10 Monday without the transaction oil any business
The members Of the firm feel confident that when they
are relieved fromlhe bankruptcy proceedings and have
effected settlement with their creditors, they will be
readmitted into the Exchange. they claim that
ON careful investigation OF the facts connected with
their suspension aud subsequent proceedings no Viola
ton OF the rules OF the Exchange will be found.
HowEs MACY
At,he meeting OF the creditors OF Howes Macy last
week was stated that three suits for the ota SUN OF
so on had been brought against thehrm of which
would go to Judgment soon If allowed W. T. Barrett
counsel for Howes & Macy requested by the meet
ing to take steps Ia throw his clients into bankruptcy
the plaintiffs in the suits should refuse TO discontinue
10 enter into an arrangement with the
other creditors The answer the suit first begun-for
,IoOOo-was due yesterday. and the plantih alter
much persuasion consentedjlto take no fart her
rroceeding. for few days. but made
definite ,promise ~ to his future action. 1h'
answer in the second suit will be due Monday, and
in the remaining one later the week. One OF these
creditors IL s believed will consent to withdraw his
suit: the other one is said TO be obdurate and ~ ~
hongnt that his claim will be bought by other credit
ors in order that the settlement OF the estate on tho
ian proposed no, be prevented Inc coniullttec
If creditors appointed draw agreement on the
husis decided upon the last meeting concluded ther
ork promptly but the agreement VIII not De sent out
for signatures until all doubt "a 70 the suits II set at
some of the creditors decided preference
for the settlement OF tho by trustees and owes
4 Macy though opposing this plan at the meeting of
creditors now say that they VIII assent 10 IT,