New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-25
GROUND GAINED IN WALL.SL
RESUMPTION OF r. D. RANDOLPH co.-THE UNION
TRUST COMPANY TO BE IN WORKING ORDER NEXT

RESUMPTION OF y. D. RANDOLPH co-i"h '''V'
TRUST COMPANY TO BE IN WORKING ORDER NEAi
wEEK-ITs NEW PRESIDENT.
Wall-st. was quiet yesterday. Gold openeu
at no. fell TO 1904 and closed ut 109i Stocks adVahcou
in the absence OF sensational rumors ana unuer INC "
dcatons OF healthier condition Of the street IL was
currently reported that Grinnel controversy was
likely soon TO be settled outside the COURTS TINS tendeu
TO give tone to the market Edmund ID. Randolph 90,
one OF the largest In the city, ana one Oh
the last TO give way under the pressure or the panic re-
sumed bu slness yesterday the proposition maze ny 'Hc
on Nov l. and already published having been accepted
unanimously by their creditors with some Slsht uiou
cations
meeting Of the Associated Banks viii be held today
TO consider the report Of the Committee OF Nine A
meeting OF the members OF the Gold Exchange was
held at D. m, 10 settle conflict OF authority when
has arisen in tr fling matter between the Executive
Committee and the Finance Committee. Action was
postponed.
The Committee on Organization Of the stockholders of
the Union Trust Company elected, Yesterday Edward
King President and decided definitely to resume bust
ness on Monday next The proposed plan Of increasing
the capital TO S210oOO was abandoned for the present
because some OF the stockholders thought unfair that
they should be called upon to subscribe the addloha
stock at such time az this allow other stockholders
TO come In. The matter will come I'D again
at the first meeting In January. In tne
capital OF sl.0DOOOO, and their surplus, whlch
they hope will reach s25OO, though 1t was estimated at
first when stocks were at their lowest at only $4,000
Mr. King, the President, Is member OF the nrh Oh
Robb, King & Co. brokers' from which he VIII reufe 20
assume his new duties. He was at one time PRESIDENT
OF the B ard OF Brokers' and belongs 10 FANNY OF
bankers His father James g. King, was eOuneeted
with one of the oldest auking-hOuses IN New-York,
Prime ward & King. and was aterward at the mead OF
the house OF James q. King x Co. -,
In the United states District Court yesterday; Mr.
Martin counsel for Geo. Bird Grinnen Co., Dank-
rnpts applied for order directing Brown Bros & co.
TO Sell the shares OF Lake shore stock when they
hold as security $4,000 loaned to the D3nkr1pts
The object Of the application TO enable Geo Bro
G-nne & Co TO get rid OF their debt 10 Brown Bros
Co Cllrks0n " Potter, their counsel, SAID that tnsy
would be satisfied with any order Of the Court IN the
matter which will prevent the assignee calling them TO
an account II they cell the securities 10 Question Juige
Batchord directed the parties to agree upon an ordef
aud To present 1t to him today.
John Cisco OF No 80 Wall-st. has begun aetOhs ~
tho Supreme Court recover an Indebtedness OF
{Gi6s3 H. with accrued interest, from Levi. NJ FAR
and an Indebtedness OF S56,O2s 81 from william Far
with interest accrued for moneys paid 70 them procured
and expended for them between jan 1870 ana NOV o.
1873 Fair being residents OF Hickensack n j.
attachments have been Issued against thor properly