The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-16
ALMOST A PANIC.
Barring BROTHERS TROUBLES
CAUSES A SENSATION.
The Street Convulsed for the Time. but
"a Better Feeling Finally Prevaiis-A
stormy Week on the Exchange-The
Outlook Encoursging-New York News
NEW YORK BUREAU
RICHMOND DAILY TINES,

KICHMOND DAtif LINES, Z
November 10. ls9O.1
The open announcement that Barring
Brothers, of London, had required assist
ance created almost panic in the market
here to-day. Gable dispatches from Lon
don said that a syndicate had been formed
to tide over the difficulties OF big banking
house. supposed to be Barring Brothers X
Co., and that the trouble was over. 1t
was stated that the Bank of England
had advanced e7,0O0,000 and the Roth
schids and others Of fi,WO,OOO to take
up the assets OF the crippled house, to be
realized upon in three years. In conse-
ouent of this settlement the London stock
market opened buOyant, but afterwards de-
clined, American securities going of per
cent.
Kidder. Peabody & Co.. OF this city, who
represent Barring Brothers X CO., say that
their house is in no way affected. The
troubles of the London firm have been
caused entirely by the depression in Argen-
tine Republic securities, and whatever
troubles there may have been are now COM
pletely arranged.
BANK STATEMENT.
The Saturday bank statement was better
than expected. 1t showed an increase IN
the reserves of Sl,7ll,950; loans. decrease,
s5.577, 800 specie, decrease, Si9l 200.
Legal tenders, increase, 300; deposits,
decrease, $5,67S,600. The reserves are Sill
below the legal requirements. So2 80
CALM AFTER THE STORM.
A stormy week on the Exchange actually
closes with fairly steady tone, because
Il. =. tl...ft 1.s oil nj
been the weakness of the great firm OF Bar
ing Brothers Il Co., and that it has been
sustained by an extraordinary guarantee
fund. there was a frmer tone to the market.
Reports are current that the pool which adj
yanced Louisville last fall has been forced
to throw over some Of its holdings.
NORTH RIVER BANK.
The North River Bank may resume as
the depOsitors don't like a receivershlp.
They prefer to wait a short time for their
money! and let the bank reopen. than 10
trust IA receiver.
THE IRISH NATIONALISTs.
The Irish members of Parliament here
refuse to discuss the Parnell case. Ihey
emphatically state. however, that the talk
about his resignation is all nonsense. MIR.
Gill tells THE TINES correspondent that the
date for Richmond is not yet fixed, but it
will probably be on or about December 2lst.
Tonight Messrs. Dillon, Harrington, and
Gill had large meeting 10, Newark, y. D..
Tomorrow they will be in Paterson.
PoRTER's ENUMERATION.
Superintendent POrter's late haul landed
a big fish which refuses to submit To the
usual methods employed in quie,lng that
animal. POrter's article i'm defence OF MS
census" has reused Inspector Byrnes up
to "6ghtin' pint" The published state
ment of the Superintendent that the emu
meratOrs were selected from the very best
available material the Inspector knows 10
be untrue, and offers TO prove to the Com
missioner that one enumerat0r was and Is a
thief; that his portrait is in the Rogues'
gallery, and that he has served three terms
i'm prison on conviction as a thief. MI.
Byrnes takes a line in accord with W. ID.
FOulks, chairman Of the National civil SER
vice Reform League, who arraigned Porter
for misstatementS in his article, and said
that he refused to have his appointees sub
iected to an examination TO test their Mt
ness for the work.
BUST OF COMMODORE MAURY.
one of the topics OF interest at the semi
monthly dinner of the Southern society TINS
evening was the announcement that Mr.
James X. Worth, OF Richmond, had pre-
scented the Society with Valentines Dust Ol
the late Commodore Maury. The bust Is
one Of the most beautiful pieces OF art from
the hands of that noted Southern sculptor.
GENERAL AND PERSONAL.
The forthcoming report Of the Postmaster
General will contain "A recommendation TOR
the removal of the postoflice in New York
to a point higher up town.
A cat jumped out of the trunk of an lmmi'
grant who landed here to-day that had been
locked in in Liverpool seventeen days age
and not since opened. The feline seemed
none the worse for its long fast.