Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-10-04
THE FINANCIAL OUTLOOK.
But Little Change I'm the Situatio on

PLUCTUATIoN IN THE PRICE or STOCKS,
NEw YORK, October 4.-Money is loaning at
seven per cent. to 8 1-32. Foreign exchange
has been advanced to 1oT4 for prime
bankers sixty days sterling bills, but sight
bills are unchanged, the rate remaining
at l0S4. The following notice has been issued
from the clearing house: During the issue ani
redemption of loan certificates the weekly bank
ranging between 10y and 11OK. Rates
paid FOR carrying are per cent. per annum
Ia 3-G4, and for borrowing fiat aud 1-32 D.
1l4. Government bonds firm. Southern
state securities firm email business.
Stocks opened firm and advanced in
some instances. Wabash rose from 434 to &c,
KoGk tI Island ID t59% NCrtwest m
2,T TO 29N, G. G. & |. G. from 50 4 to 93l, and
Delaware, Lackawanna and Western, from 81 y
to92 The market became weak, however, anu
Rock Island 92%, Northwest common 49,, and
ohio 26T. Western Union declined from g. y
toC5A Lake Shore from &c to 75A, New York
Central from 94H to so4, Pacific Mail from
35A to IS.
sUsPENsIoN OF PEAKR, oPDYKB AND 90.
The Bulletin announces the suspension OF
Hessrs. Peake, Opdyke & Co. Their liabilities
WI amount to about s., 500 900, and they pro
pose to pay in full with interest, as follows -
10per cent. at two, three, four, five, six, seven
eight, nine, fifteen and eighteen months, re
kpectively.
THE PROPOSITION ON MEssRs PATTON AND co
submitted TO their creditors, is as follows: On
their al 400 900 of Indebtedness they offer with
interest of lOper cent at two, three, four, five,
six, seven, eight, nine, fifteen, and eighteen
months, respectfully.
SETTLED Up.
NEW YORK, October 4-Robinson and Sny-
dam, Smith and Seaver and q. q. White, who
had temporarily suspended, settled up and were
admitted to the Stock Exchange to-day.
Heavy Bank Frauds I'm Iowa.
DUBUQUE, Iowa, October Am investiga-
ton into the affairs of the suspended Merchants
Union bank by the directors shows that a syS-
tenn of frauds has been Perpetrated upon the
stockholders and patrons by officers OF the bank
which has never been exceeded in any concern
OF its size. The amount abstracted from the
bank reaches S32y, AS. OF this amount r. w
H. Sheffield, president, has obtained sG2,1s
and Babbage, cashier, 500 ,2S9. These sum-
bills, by over-dratts and by direct steals COW
cred by false entries which the latter had NJ ale
upon the books to the amount OF $4,000, which
is all charged up TO Babbage's account. They
represent balances which did not exist, aud il,
other cases were entirely fictitious.
CurtaiIing Work I'm Cincinnati.
SiNCINNATl, Otober i.-The financial trouble
is beginning TO show itself in q desire on the
part 81 number Of our mar ufacturers to cur
tai heir working force or reduce the time OF
their employees This Is no more due to the
trouble of procuring currency than 1t is 70 the
on the trade Of the interior. x few manufac-
tuners have already reduced their working
force, and others viii follow unless q change
comes next week. - O. =.
Did Not Suspend.
LOUISVILLE, October 4.-The German secu-
rity bank was not among thoee that suspended
here, as published in dispatches to some distant
papers. 1t has promptly paid every demand
on 1t. - 2 -0"'
The European Markets.
LospoN, October Il :So P; m.-The rate Of dis
AZ per cent, or n lower than the Bank of Eng
land rate. The rate for money on stock eT-
PARIS, October 4.-Gold opened az ITO. The
officials of the clearing house state that no bank
statement will be Issued to-day.