, 1873-10-06
The Manufacturers Of Phila-
delphia Still Short Of
Currenc cy.
Tho General Outlook Continues
Encouraging.
PHILADELPHIA

PHILADELPHIA.
Special Uispafch to The CA'cuRo tribune.
PHILADELPHIA, Pa., Oct. 5.-Thero is decided
change for tho bostcr in financial circles at the
close Of this week, as compared with tho last
week. There il still severe piuch among tho
mercantile community, but tho custom Of oxton-
sion Inns boen so generally adopted TINT unlcsa
house B irroyocably broken, thero is little trouble
in getting accommodation.
CURRENCY HAS BEEN VERY SCARCE
during the week, aud many manufacturers who
postponed their pay from the previous to last
Saturday, ind it as difficult to obtain notes now
as then. Tho premium on thotn was from
~ to per cent. I henr Of q
fow parties who l,avo discharged their hands,
while others have materially curtailed their
force
THE MERCHANTS
genorally are complaining Of the HlowneRa with
which tho renttNnccs come in, aud cases nre
heard OF in which customers have boon notified
that per cent por month would bo allowed on
oil accounts which by contract Aaye Bomo time
to 1un
GOLD FEuCTUATEa WIDELY.
At ono tinlo tho premium ran up to 1411; ut
present 1t rates 1T lo355, and it should be lo-
mombored that the latter ratio ia payable in cor
to . per cont diacount for currency. Able tinan-
ciers hore state that If tho prcsont scarcity Of
notes continues for many weeks we may look for
currency to DO worth ca much as gold. III their
opinion tho present crisis is paving tho wny to
the resumption Of specie payments.
[Tn the Associated press.l
PHILADELPHIA, Oct. 5.-MeHsrs. Jay Cooke Il
Co. hnyo completed their detailed statement of
asHets and liabilities, and in connection thoro~
with havo prepared form Of agreement for set
tle1uont, to DO presented to their creditors for
their consideration. The main features Of tho
proposed agreement arc as followa:
The members Of the firm Of Jny Cooke Co:
surrender oil thoir partnership and individual
property. ATrustoo, Hon. r .A Rollins, ,lato United
statcs Commissioner Of Internal Revenue, will
have tho management Of the estato, thus savin,g
costs and expenses. Dividends will DO made
whenever tito Trustee has cash in hand
sufficient to bo divided, commencing soon after
the agreement is approved by the creditora. got-
tlemonts may be made undor restrictions which
guard perfectly the interests Of the general body
Of creditors. The creditors surrender no rights
vantagos Of trust created for thor benefit, and
debtors Gun gain nothing except tho surplus
which they hopo to aecure by IN economical
nd nsoaz wng nd 3 Up Sf nef Int '9sG ha =
to act undor tho control Of committee repro
Benting tho creditors, consisting of NIessrs. NJ.
FolIop, late President Of tho. Philadelphia. VIII
mington 4 Baltimore Railroad; William Q. Hous-
Exchange Bank Of philadelphia. Negotiable
certificates Of interest Of any creditor in trust to
the estate will DO given by tho Trustee aftor all
debts arc paid in full. Tho reman,ng property
will DO reasaiguod. It is understood TINT tho
firm do not propose to Gull general meeting OF
their creditors, aH thoy have been doing business
iu three different Cities aud their creditors aroao
scattered as to render such meeting inl-
practicable. They have, however, Addressed
letter to oach creditor, no far aa known, subnt-
tug thor proposition. Any creditor failing to
1ecoive such notification cali examine the papcrs
ct the otlice Of tho firm in Philadelphia, Now
York or WASHINGTON,