Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-11-01
KILOGRAMS TO THE STAR
This .lTern00a's Dispatches
Associated Prers REPORTS.

- L.
james n. JoTdsn Is snronnced
TIVE wOEglNGMgN's uNIoN
h'id special meeting last night % discus the
slhloct Of reelection OF wages.
The reI resentstlves from the hrickiaverS cen
rai nccN anne unced that q mas meeting will
be held 20 night, When 10 viii be decidel whether
or not the bricklaycrs and msSons shoald strike
IL Is said by prominSnt builders that there Is %
little work II easily can be done hy N IN soresx,
mer. 10 II the general impression OF boss
that he men will submit TO The reduction OF
wages.
WALL STREET AT NOON
There will be no bank statement TO-DAY
Stocks opened a. 20 per cent. lover, and
fell \ 20 I per cent. The tone o the market =
weak, feverish. and unsettled.
Tar EASKs GAIN s4.o0o.O 900 IN CURRENCY.
The hanks have gained s3,oeo .aoo In currency
since Yesterday. They now hold as On On.
The lowest amount ever neld WAS -. SO .as0.
N. n. CLAFLIN X GO.
notined the associated banks AZ their m eeting
to-day through one OF it. members that fhev
we're not In need cf any assistance.
WALL STREET AT HAIF-rAsr TWO.
NAV YORK, November I, 30 y. m.-Forei IN
exchange was not changed By the bankers To-
day. Money continues close, with call
loans az lilo 20 4. Gold was stronger earlier
IN the day, opentng az l',b, sdyancing
"a "a and later declining 10 -. The rates
PAID for carrying were 3-I6 20 per
diem. and gold per annum. GovernReuts
bonds steady state bonds were dun. stocks
opened weak, the prices being = 20 low
than those current at the close OF Friday.
There was further decline OF \ O. 4 IN early
dealings, but later the market advanced in the
entire list from TO p At the second call there
was some reaction, followed by = recovery stll
later.
HIGH RATE or DISCOUNT IN KssLANn.
LONDON, November J., o.. m.-The rate OF
discount Of the Bank OF England wa TO-DAY
fixed at per cent.
THIs Don't look LIKE HARD TINES.
PHILADELPHIA. November The gold coin
amounted 20 Sii,Oi0 600 IN double eayles The
gold weighed > tons.
Favorable Reports as 90 the eondi-
ton OF Sprague.
Providence, X. L., Nov. An adjourned
meeting Of bank representatives Was held At
noon to day when the report Of the committee
appointed 10 examine the aflsits OF A. a w.
SPrsgue was presented. The committee say
they consider the assets OF A. a W. Sprague
manufacturing company TO be SIS, ass AZ, aud
the liabilities al ,4s5,4g. A detailed statement
OF the property accompanies the report. The
committee further say Ia determine whether
the mortgage proposed would be solid aud free
IRON objections under provisions OF the bank
rnpt act, they we're compelled % ascertain
whether the amount OF aid asked would, in all
reasonable possibility he sufficient % enable the
company to meet its maturing obligations IA
the regular course OF business.
The unsettled condition Of financial affairs
ana OF business at the present time, aud the
large amount Of obligations OF the company
maturing during the next ninety ays. preclude
the possibility OF your committee reporting that
the sumot ~ 40 ,Uln would enable the company
10 meet its engagements regularly in future.
and as In the event OF failure 10 do 80 the solid
lty OF its Sec1rity might be questioned, your
committee, under advice OF counsel. are OF the
opinion that the sum asked for ctunut safely he
furnished. Upon coming 10 tins conciusian
your committee were requested by the company
10 express their recOmmt datiou or the coarse
10 be taken under the circumstances 70 enable
the company 20 secure 20 its creditors payment
OF their claims, and 10 preserve, ~ far posi-
bic, from shrinksge the vast available property
IN the handsof the company They therefore
recon mt nd that The A. 4 ". Sprsgue Manu-
iactuI ng company, and the individuals CON-
priSing that corporation, mortgage all their
property 20 three trustees, who shall practically
nave the control aud management OF the entire
property, these trustees 70 Issue notes 90 an
amount which shan fully cover the amount OF
the present Indebtedness. n being the duty OF
the uuetees 70 convert the property aud pay the
debts at a. early dav a. possible. n h. not an
likely that the whole Indehtcdness NAV be can
Celled IN much less time u an three wears. Re.
spectully submitted,
signed james +. Smith. Seth Padelfor
huius Waterman, Geo. +. Wilson. committee.
The meeting il now in session, and will prob
ably adopt the suggestions OF the committee ia
some form. The report was received.
The counsel Of Spragues' corporation an
nOunced that trust deeds were being M ade 10
Governor Henry Howard, Rufus Waterman.
and eN-GoyernOT James Y. 5 smith. These deeds
would be submitted TO the meeting OF creditors,
aud IL not accepted the alternative would b. -
go INTO bankruptcy. The feeling generally pre-
vans that the deeds of trust will be accepted.