Closed Boston, Sept. 26.
By order of the authorities the Cosmopolitan Trust Company, which has deposits amounting to $5,000,000 and branches abroad, has been closed. This is the fifth banking concern closed in Boston since the arrest on August 12 of the] Chinese. The only inquiry for Italian financier, Mr. Charles] goods comes from Newchwang and Ponzi, on a charge of larceny. Mr. Ponzi claimed that he could by the manipulation of international coupons return to his clients 50 per cent. on their money in 90 days. His liabilities are reported to be $7,000,000.—Reuter.
The Settlement Completed Shortly after 6 p.m, on Wednesday announcement was made that the Stock Exchange settlement had been put through. It is impossible, to obtain details of the amount te. quired to finance it, but although it was undoubtedly much smaller than that required in June, it was extremely difficult to make. the necessary monetary arrangements in some cases, While the settlement. has thus been carried through, the state of affairs can by no means be describ-satisfactory. Disquieting rumours of inability to meet their losses on the part of some clients who have speculated heavily were current throughout the day, and, as has been already stated," brokers are having to take an excessive burden on their shoulders, It is more or less freely stated that as the outcome of the rank over-speculation in various quartets there is more.than a probability of law. suits ensuing.
Text read from the printed page and cleaned; old type leaves the occasional error.