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THE SITUATION ELSEWHERE. CONDITION OF THE BOSTON BANKS-AN IMPROVING STOCK MARKET-EFFECT OF A BANK DEFALCATION ON HARTFORD AND ERIE-RESULTS OF THE MONEY STRINGENCY IN MANUFACTURES AND TRADE. [BY TELEGRAPH TO THE TRIBUNE. BOSTON, Sept. 30.-The full benefit of the loan certificate arrangement is not yet felt, for the plan is not yet in full working order. The banks were lable to discount more generally than heretofore, but the available supply of money has, of course, been inadequate. In the course of a day or two, however, everything will be adjusted, and it is not anticipated that there will be a lack of currency then. The discounting of the banks to-day has only been to meet urgent necessity, and outside the best paper has gone begging. The bank statement reflects the struggles of the past week. Their available resources have been drawn away to the extent of some $5,000,000; deposits have been drawn down $3,369,700; balances due other banks, $1.753.800; circulation. $4,700. To meet this, loans have been reduced $2,275,000; balances due other banks, $2,516,000. The legal reserve has been diminished less than half a million, and the banks are relatively stronger than before the panic. Stocks sold higher; railroads gaining from one to three per cent (Michgan Central gaining the latter figure), and mining stocksfrom one to five. Late in the afternoon. after the closing of the Board, there was a bad break in Hartford and Eric 78, caused by the discovery that Lovett, the defaulting cashier of the Hingham Bank, had been speculating in them. Prices at the Board ruled at 24 to 25; but 20,000 were thrown on the market then, and the price went down to 22-the lowest price for years. No steps have yet been taken for the arrest of the cashier. and at last accounts he was still at the bank. The depositors will lose nothing. and the directors will reduce the capital and continue. One of the curious features of the pante has been the unusual amount of exports for the past week and the large receipts of breadstuffs. The receipts of flour show au increase of 5.284 barrels, and of corn 78.000 bushels over the previous week. The exports for the past three days have amounted to over $800,000, more than for any three days of the present year. Manufacturers have not been seriously embarrassed, and do not anticipate any more trouble. J.1 P. Squire & Co., large pork packers, having about 1,000 employés, were slightly embarrassed, and discharged about 100 men. but will take them back at an early day. The American Watch Company and the Howard Watch Company are the only other prominent manufacturers that make any reduction in their force. The Hinckley Locomotive Works employs 500 men. and asits present orders re-nearly all for the Chicago, Danville and Vincennes, and the Atlantic and Pacific roads, it expects no trouble from the panic. PHILADELPHIA FAILURES-STATEMENT OF CLARK & CO. PHILADELPHIA, Sept. 30.-A meeting of the creditors of E. W. Clark & Co. was held to-day. A statement was made. showing as follows; $1,042,526 Liabilities secured 1.041.498 Liabilities unsecured $2,084,024 Total Assets. including stocks, bonds, loans. bills receiva2,464,355 ble, and other securities and real estate $380,331 Leaving a surplus of A committee of three was appointed to investigate the affairs of the concern. The meeting was unanimously in favor of rendering proper aid to the firm in its efforts to realize on its assets and make settlements with its creditors, believing that their own interests would not suffer by pursuing such a course. The report that the firm of Martin, Londenberger & Co. had suspended is contradicted. Harrison Grambo, who failed 80 disastrously nearly a year since, has resamed business, having settled nearly $900,000 of his liabilities. STRANGE CONDUCT OF A KANSAS BANK OFFICERSUSPENDED BANKS REOPENED. LEAVENWORTH, Sept. 30.-There is mueh indignation among the stockholders and dépositors of the First National Bank, *in this city, in consequence of the Vice-President ordering the bank to suspend, and at the same time drawing nearly $100,000 in currency to sustain n the credit of Scott & Co., brokers. of which firm the Vice-President, Lyman Scott. is a partner. The German Savings Bank, and Insley, Shire & Co., bankers. reopened yesterday. and are abundantly able to meet all demands. Other banks here are paying checks in limited sums. FINANCIAL EXCITEMENT IN GERMANY-THE BULLION MOVEMENT. LONDON, Sép. 30.-A special dispatch from Berlin hints at financial troubles in Germany. Fancy stocks and bank shares are not salable, and some have fallen as much as 20 per cent. There is some talk of Government interference. The £50,000 drawn from the Bank of England on balance, to-day, is to be shipped to New-York. The steamship Donau, which sails from Southampton for New York to-day, also took £136,000 in bullion. LATER.-The Gazette publishes a notice for a meeting of the creditors of Clews, Habieht & Co. on Nov. 23. The steamer Parthia, which sailed to-day for New-York, took $100,000 in bullion. FINANCIAL NOTES. There was no particular change in the financial situation at Cincinnati yesterday. Harrisburg manufacturers approve the action of the banks of that city in adopting the certified check plan. The banks of Memphis have resolved not to suspend, but to open, in addition to the usual business, an exchange account. to be paid in kind, for the purpose of moving cotton. Responsible merchants have subscribed and paid in $320,000 to the First National Bank, which will enable it to resume business at once. The Providence banks adopted, yesterday, a report recommending a liberal policy on the part of banks toward each other and customers; that each bank should request its depositors to draw checks payable through the Clearing-house, and should certify checks payable through the Clearing-house; that deposits made in banks in currency be paid out to such depositors in currency, and that deposits made in certified checks be paid in kind. The Providence banks are in a generally
