New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-01
THE SITUATION ELSEWHERE.

THE SITUATION ELSEWHERE.
CONDITION or THE BOSTON BANKs--AS IMPROVING
STOCK MARKET-EFFECT OF A BANK DEFALCA-
TIoN ON HARTFORD AND ERrE-REsULTs OF THE
MONEY sTRINGENCY IN MANUFACTURES AND
TRADE.
GBY TELEGRAPH THE TRwUNE
BosToN, Sept 30.-The full benefit of the
loan certificate arrangement yet felt for the plan
is not yet in full working order. The banks liable
to discount more generally than heretofore, but tho
available supply OF money has, Of course, been mad
equate. I'm the course OF day two however every
thing will be adjusted and 1t is not anticipated that
there will be lack of currency then. The discounng
of the banks to-day has only been to meet urgent
necessity, and outside the best paper has gone beg
gng The bank statement reflects the struggles OF the
past week Their available resources have been drawn
away to the extent of some 100000 deposits have been
drawn down $780, 100 balances due other banks 1885,
500; circulation. S4TO0. To meet this, loans have
been reduced $2.275oOO; balances due other banks.
$25l6,OO0 Tho legal has been diminished less
than half million. and tho banks are relatively
stronger than before the panic. Stocks sold higher
railroads gaining from one to three per cent (AchSan
Central gaining the latter sure and mining socksfrom
FIVE Late in the afternoon after the closing Of
the Board there had break IN Hartford and Erie
U.s. caused by the discovery that Lovet the deaulting
cashier Of the bingham Bank. had been specializing IN
them. Prices at the Board ruled at 2i to 2 but 10000
thrown on the market then, and tue price went
down 22-the lowest price for years No steps have
been taken for the arrest of the cashier aud Mt last
accounts he still at the bank The depostors VIII
lose nothing. and the directors will reduce the capital
One Of the curious features Of the panic has been the
unusual amount of exports for the past week and tho
large receipts of breadstus The receipts OF flour show
an Increase OF 1854 barrels and OF corn $4,000 bushels
the previous week The exports for the past three
days have amounted to over 100000, moro than for
any three days of the present year. Manu-
facturers have not been seriously embarrassed
j. P. Squire Co., large pork packers having about
1000 employees were slightly embarrassed, and dis
early day. The American Watch Company and the
Howard Watch Company are the only other prominent
The Hnckley Locomotive Works employs 500 men. and
as It's present orders nearly ell for the CHICAGO Dan
vile and vincennes and the Ata9no and Pacinc roads,
it expects no trouble from the panic
PHILADELPHIA NEUTRALITY-SUSPICIOUS. OF CLARK co.
PHILADELPHIA, Sept. 3O.-A meeting of the
creditors Of E. W. Clark Co. held to-day. state
ment was made. showing as follows
Liabilities secured O42526
Liabilities unsecured lO4l49o
To.l........................ ,Os4O2l
be and other securities and rea estate 2,46i'355
Leaving surplus ACKNOWLEDGEMENTS. $3SO,S31
committee Of three appointed to investigate the
affairs Of the concern. The meeting was unanimously
in favor rendering proper aid to The firm In its efforts
realize its assets and make settlements with its
creditors believing that their own interests would not
suffer by pursuing such COURSE
The report that the firm of Martini Loudenbereer
Co had suspended is contradcted. Harrison Grambo,
who failed 80 dsastrously nearly year SINCE has re-
sumed business. having settled nearly 100000 OF his
liabilities.
STRANGE CONDUCT OF KANSAS BANK OFFICER
SUSPENDED BANKS REOPENED.
LEAvENwoRTB, Sept. 3O.-There is much in
dgnaon among the stockholders and depositors Of the
First National Bank this city, in consequence Of the
President ordering bank to suspend, and at tho
same time drawing nearly 100000 in currency to sustain
fhe credit OF SCOTT & Co., brokers' OF which firm the
vcePresident, Lyman Scott is partner Inc German
Raytv nd X
opened yesterday, and are abundanty able TO meet an
demands. Other banks here are paying checks In
limited sums.
FINANCIAL EXCITEMENT IN GERMANY-THE BULLION
MOVEMENT.
LONDON, Sep. 30.-A special dispatch from
Berlin hints at financial troubles in Germany Fancy
stocks and shares not saable, and some have
fallen as much 20 per cent There is some talk OF
Government interference The $4,000 drawn from the
Bank Of England balance, to-day is 10 be shipped 10
NeYg-York. The steamship D0uau, which sails from
Southampton for New York to-day also took 4lS6OOO in
LATER.-The Gazette publishes notice for a meeting
OF the creditors OF Cews Hab!cht d co. on NOV. ~
The Parthia which sailed to-day for NewforK
took sl0000O in bullion.
FINANCIAL NOTES.
There was no particular change in the fnan
cial situation az Cincinnati yesterday.
Harrisburg manufacturers approve the action
Of banks OF that city in adopting the certified check
plan.
The banks of Memphis have resolved not to
suspend but TO open addition to the usual business,
an exchange account be paid in kind for the purpose
Of moying cotton. Responsible merchants have sub
scrbed and paid in $4,000 TO the First National Bank,
which will enable 1t 10 resume business at once.
The Providence banks adopted, yesterday,
report recommending liberal policy on the part OF
banks toward each other and cusOmers that each bank
should request its depostors TO draw checks payable
through the clearinghouse and should certify CHECKS
payable through the Clearing house, that deposits made
in banks in currency be paid out 10 such deposGr' IN
fbaf do m
in LIND The Prnvvdence banks a generally