Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-17
Barring BROTHERS.

PHILADELPHIA Record: The stock market
furry is practically at an end. now that the
safety of the great London house of Barring
Brothers has been assured.
PHILADELPHIA Times: There is no reason
to hope that thorough liquidation will not be
necessitated. If it be, money may be for time
more valuable than ever before.
NEW YORK World: The news that Barring
Brothers had come to grief was received with
much regret in this city. and the further news
that help had been extended to the firm was
hailed with pleasure.
Wall Street Journal of Finance: q nder the
worst possible circumstances Wall streets
panic must soon be ended and over-a thing of
history merely. but of such history as has not
been known since the time of Black Friday.
Wall Street Daily Investor: The cause of the
unprecedented disturbance and danger in the
financial world recently experienced IN Eng
land has been happily settled. and in way
that ought to promptly restore confidence
everywhere.
PHILADELPHIA Press: The Banks OF Eng
land and France have headed the greatest
syndicate the world has ever seen to avert the
greatest failure which has ever threatened its
trade This combination has succeeded. The
loss is circumscribed. Slow liquidation will
begin.
Wall Street Daily Ne,cs: The assets and
securities of the Barings are to be placed IN
trust for a stated period. While the outcome
of the affair in a measure can be considered
reassur1ng, yet the effect of an embarrassment
of this magnitude will be felt throughout the
civilized world.
NEW YORK Star: With the opportunity for
reflection supplied by the intervening of day
of rest, it is believed that investing and specu-
I,f Dnav ha
worst of the disturbances is over, both here
and abroad, and that the period Of improve
mens can now set in.
NEW YORK Times: Distrusr of the strength
of others rather than any consciousness of
personal weakness was the basis of the appre-
hension that filled the minds of the frequenters
of the street. y A day of repose and
meditation ought to bring wholesome feeling
of confidence and put somewhat saner aspect
upon the proceedings of the market tomorrow.
NEW YORK Tribune: No railroad. no bank
no other corporation in this country. is in.
trinsicaly of less value because OF this disturb
ance. The fact that many stocks were held at
prices not justified by their earning power or
prospects need not be disputed, but there are
many others which are worth more than cur
rent prices. as substantial investors are not
slow to perceive.
NEW YORK Press: This Sunday is a most
welcome day of rest to the financial capitals of
the world, namely London and New York.
The past week has been one not only of excite
ment, but of peril. There is good reason to be-
lieve that the threatened danger is now over.
the leading financial institutions of both cities
having averted serious disaster by cooperating
to sustain the important concerns in their re-
spective communities which were embarrassed.
NEW YORK Herald: The mysterious in
fuence that so long depressed our stock market
in face of apparently favorable conditions is
now explained Doubtless the embarrassed
firm disposed of its american" as among the
most available of its resources, and the few in
high places who may have known Its position
have also unquestionably beeDselling to escape
the crash which would have occurred but for
the bold and clever stroke By which the dis
aster has been averted.