The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-12-14

The Hamilton and Appleton Manufacturing companies
Lowell have each declared dividends Of per cent The
East Boston Savings Bank has declared dividend
for the last Eve of 20 per cent and has raised the
regular rate Of interest from to per cent
Among the failures noticed in the Eastern papers is
that Of Daniel Taft Sons Of Woodstock Vermont ma
nufacturers OF iron tooA nc. Their liabilities stated
$40 OO0 which their assets largely Mr.
Gilbert, the assignee il TO conduct the business for
the present for the benefit Of the creditors At White
River Junction, In the state, Messrs. H. Latham
Co., iron founders and manufacturers Of machinery,
and also of and engines have been compelled
close their establishment. The Rutland and Wash
ingon Railroad Company them sl0O, 900 which is
unavailable, at least FOR the present They employed
between seventy i've and one hundred hands.
An estimated depreciation Of IS per the assets
Of Blodgc Co., Of Boston for losses goods and
dts would leave 81 900 with which pay the ST.
o0o oco liabilities being about so per for the cred
tors, and nothing for the unfortunate debtors This
house has been large borrowers Cor time their
failure will have tendency to Afford partial relief 10
the money market TO the extent of the diminished
msnd consequent upon their withdrawal.
TIE Boston Telegraph Of the 18th inst. says
There Is increased activity in the stock market with
advance ia the leading securities and there appears
to he orders n the street for investment than
week. Maine held steady al 96; Providence advanced to
10 rise Of 81 per share Worcester improved p Con.
\
NJ 81 being 81 per share above last sales but offer
eli fraction lees at the close Ftchburg opened Mt rs
tecr thirty bu sold mt 1ea regular, under orders
purchase without limit. The that the January
dividend win be passed or paid in stock is still kept up,
Notwithstanding the advance IN price, Eastern declined
"a and closed heavy at 4g asked Vermont and Canada
was In good demand at 81 bid: Ogdensbury 3x bid
Improvement of u; Vermont and Massachusetts firm
s buyer thirty Copper Falls sold at 25 the first sale
Tor nearly week aud Mt the price, Toltec improved
a and was in good demand
The earnings Of the Indianapolis aud Cincinnati rail
road for November, we're follows
Prom passengers. $40, 1873 10
Express. ......................... 5d2 SO
iolaI....'.s, S3fSo4 VI
Tho Cincinnati Ga:ete of the 10th inst gives the fol
lowing account Of the last suspension in thas city
The well known commission house Of Messrs Taylor a
Cassidy have suspended payment. The announcement
OF this suspension caused much surprise II being well
that the regular business of the house has
been profitable and that the firm in fact wealthy
failure OF George Milne Co involved the parties large
ly transaction that took place last winter by which
the credit OF Messrs Milne & Co. protected in New
Orleans, placed the two houses terms OF great bust
the failure OF Messrs Mine Co. Three day before the
latter event Messrs Taylor cassidy induced TO
advance their paper 70 n large amount for the
mediation of the former being entirely ignorant As it
appears of their true condition This is the paper that
has caused the present embarrassment Since the date
Of the failure Of Messrs Milne Co. nothing has been
done by Mesrs. Taylor Cassidy in the way their
sncss except to themselves for the payment Of
their liabilities TO others They have made attachments
ON the property Of the former, which may them
pay all their debts which much less than be-
fore nj this season.