The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-09-25
THE STOCK EXCHANGE CLOSED.
New YoGH, Sept. 80 $40 am.

| Yesterday AFTERNOON OF me idlluiea Oh sOihc
Of the leading New York dry goods firms.
There are no crowds around tho savings
banks this morning President lIaines of
the Union Dime Savings bank says the
amount paid out by them yesterday was
c-quarter less than the average. The
run on the savings banks here. it j, be-
lieved, has stopped. Clows & Co., say
| their securities would bc far more than
ample to set them right in ordinary times.
When the money market improves they
may resume. For four days there was an
uninterrupted run upon them. The pub
! lishcd list of their correspondence en-
braces twenty -four national and state
/ banks and one hundred and fifty-cight
private bankers. The firm consisted of
Henry Clcws and L S Fowler II is re-
ported ihat several financial friends have
offered 80 come to their relief
rnr srooK EXCHANGE 10 eeMMS CLOSED.
1910 a. M The Stock Exchange will
remain closed until Further orders. Gold
opened ut ~
1920 s. m. The following arc street
prices: Central 90 to 81 : Lake Shore,
80 bid Pacific Mail. 32 To 81 ; Western
Union, g Gold, 1111, 1114 bid.
1880 a. Mo bonds have been offered
at the sub treasury tins morning. The
feeling on the street is rather nervous.
Brokers are tonsrcgatcd in front of the
stock exchange, hut doing little or no bust
ness. Opening quotations; Central, 81
offered Rock Island. SO offered West
crn Union, 90 bid, 81 offered Pacific Mail
- bid, 35 offered !; Union Pacific, 81 bid
Lake Shore, 50 hid \ meeting of the
bank presidents is now in session to take
action in regard TO proper measures in the
present emergency. Henry Clews Il Co.,
say they will remain closed until the tight
ness in the money market gives way and
affairs become more settled
t0.40 II. Halves & Macy have Just
suspended. Wall and Broad streets al
ready present an unusually lively aspect
for, in addition to the presence of regular
dealers, hundiyds of the general public
have been drawn by curiosity. Henry
Clcws & Col clerks are busily engaged
fixing mp the books OF the establishment.
On account of the closing of the stock cX-
change considerable business for cash is he
inc transacted 10y brokers in the streets.
1915 4. IN. The bank presidents are in
session in the Merchants bank. \ report
is expected about II O'Clock.
1880 a. IN. The sub-treasury up Ia this
hour has bought half million bonds.
lilo IL. m.-At the meeting of bank pre-
sidents another issue of 100000 in
clearing housc lun certificates was auiho-
rizcd. The sub-ireasury has purchased
100000 in bonds up 10 this hour. Gold
~ a III. Mr.. Macy in reply to nrequesi
for Statement, OF the affairs OF the firm
said the only explanations OF their suspcn-
SION was that which applied under existing
circumstances to ali Arms having large
number of dcpositors. >uch houses must
suspend. His firm had yielded to the in
cyitablc result of the present SHANGHAI cri-
over.
coon PROBATION.
il.tj Il. m.--Thc clearing house hanks.
at meeting Today, resolved not to pay
any more currency, but to certify all
checks payable at the clearing house only.
This is intended 10 prevent any lookup of
grocnhmKs
SALE OF ROSDs.
l2m. IN t. this hour the sub-treasury
has purchased twelve hundred thousand
bonds, and numrrous sellers are still in
line.
THE SAVINGS BANks.
la.S5 D. m.-Therc is nothing new in re-
lation 10 The run on the savings banks this
morning.
La p. En- AT a meeting of bank prcsi-
dents to-day il was resolved in addition To
the issuing of SO ZOO, 900 loan certificates
and the suspension of currency payments
in large amounts t1 stand by each other
with all the assets, and any member falling
to do SO viii he expelled. Each member
was appointed Il committee TO ascertain
where the ten million government. bonds or
any part thereof can be purchased Said
bonds are TO be purchased ON account of
each bank and sold to the treasury, and the
loss occurring thereby To be sustained by
banks according TO their deposits in the
clearing house. The committee request
the president and secretary of the treasury
to anticipate the pavmen, of bonds due
January, 1874,
AUCTION SALE oF slOCEs.
Adrian II. Miller y Son. 100; Delaware,
t.ackawana n Western. 81 to 100 New
Jersey Central, SSl to 20; t. = ie-l0's,
regular, l05 20 100.
2.10 pm. following are the latest
cash prices on the street for stocks New
York Central SO to 81 Harlem 1903 to l05;
Erie so TO So Lake Shore IS to 80 Wa.
bash As to Al ~ Western 10 to i2 Nil.
and st Paul 80 to 90 Ohio and Wis % to
% Union Pacific 90 10 81
a.25p.m. Judge Fanchcr this afternoon,
Oh application Of counsel, modified the
injunction against the Union Trust COM
pany so ms To permit it to ISSUE register
and countersign certificates Of stock, ETC.,
for parties with whom terms were
ogreed upon for such services