The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-11-04
Business and Financial Outlook.
New YORK, Nov. ;


ADVANCE IN LAGER
The advance in price decided upon by the
lager beer manufacturers goes into effect
this week.
LATER-Thc combination of brewers to
advance the priceo lager comprises nearly
three hundred manufacturers. They de
cided on Saturday to increase the rates, but
at the same time agreed to make better
article in future, thereby enabling them
to compete more successfully with the
Rochester, Cincinnati, Milwaukee, st.
Louis and other markets.
JEWELLERS IDLE.
1t is estimated that six thousand of the
eight thousand jewelers. IN Newark, n. j.,
are now idle.
BANKERS TRANSFERS TO VANDERBILT.
The legality of part of James II. Bank
ers's transfers of his property to Commo-
dorc Vanderbilt is now questioned
STREET CAR BUSINESS.
There has been marked decrease in The
receipts of horse railroads here, and some
lines have reduced the number of cars,
OUT OF EMPLOYMENT.
1t is computed that there are five thou
sand male and female operatives out of em-
ployment in Paterson.
HELP FOR CLAFLiN Il co.
The Herald reports that pool has been
formed among capitalists to aid Clailn Il
Co. if necessary, five million dollars having
been raised for this purpose.
DANFORTH LOCOMOTIVE WORKS.
Though the Danforth locomotive works
at Paterson, N. j., have been closed, ii is
expected that work will be resumed and
kept up on alternate weeks during the win
| ter.
DISCHARGE OF ERIE woRKMEN.
Two hundred and fifty men have beer
discharged from the eastern division of Tho
Erie road, and reduction in wages has
been going on for some time. 1t is now
reported that the president is arranging tt
import several engineers to take the place
of the present engineers at less prices.
THE sPRAGUE SETTLEMENT.
The latest advices from Providence ar
to the effect that the basis suggested for
settlement of the Spragues' affairs will b'
agreed upon. The correspondent who ha
all along been predicting the failure of TIN
firm now tclcgraphs that the most OF thu
difficulties are considered over
A BETTER FEELING.
The morning journals take more cheer
full view of the financial situation and pre-
dict that better times are ahead. Tn
Times SAYS in its financial review; Man.
of the heavy blocks of stocks in suspens
at the close OF September, have been sol
out and re-distributcd, but Others in abey
ance, while the liquidation has left most o
the old and prominent operators compare
lively exhausted. But the end of tn
trouble, we have reason to hope, is not ia
distant The drawbacks to substantial con
fdence in the market are first, the spasmc
die and very temporary nature OF the rt
vivals which have thus far taken place and
secondly, the signs Of resorting as n
every day custom to the damaging practic
of borrowing money on the street corner
to carry stocks at excessive cost in the wa
/ of interest The recent dreadful eXper
ence on this subject is more than sui
! llcient to demonstrate that no bull move
, ment in stocks is safe on such terms.
TO RUN ON HALF TINE.
SCHENECTADY, Nov. 3
4 The shawl factory of Jas. Roy II Co
! in this city, employing two hundred hand
will run on half time from to-day.