New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-29
GENERAL PROSPECTS.

WASHINGTON, Oct. 29-0f the 500 or 600 de-
positors in the banking OF Jay Cooke Co.. ALL
excepting about 80 has signed the plan OF agreement
namely TO place the settlement In the hands OF eACon
missioner Of Internal Revenue Rollins Nearly all OF
these 80 are either distant the city cannot ut
present be reached Those who have signed represent
three-fOurths of the amount Of deposits involved.
The Receiver OF the First National Bank is
gagged ia verifying accounts OF depostors, and OF
other banks. AS this shall he cOmpleted-per-
haps within the next two weeksa dividend OF from 25
80 per cent will be made from the assets already col
lected formal proof Of claims required to be made
blank forms for that purpose being furnished to claim
ants.
DISCHARGE OF woRKMEN AT THE WASHINGTON
NAvY-YARD.
WASHINGTON, Oct. 2S-From 300 TO 400 me-
chancs and 1000 laborers have been discharged
from the Maynard, the allowance OF money having
run short in consequence of the large number OF i'm
prOvements made in the Yard during the Summer
PROPOSED REDUCTION OF SALARIES.
ST. LOUIS, Oct. est is stated that the
Atlantic and Pacific and st. Louis, Kansas City and
Northern Railroads will reduce the salaries Of all their
employees, from President down, 10 per cent.
TIE SITUATION AT FALL RIVER, NEUTRALITY-SUSPICIOUS.
AND REDUCTIONS AT OTHER PLACES.
An adjourned meeting of the directors and
trtasurers Of most Of the Fall River Mass) cotton mills
has been held. and tn question OF reduction OF the
hours Of labor further discussed 1t was finally voted to
refer the matter directors OF the several corpora
tons recommending eachto enda representative with
power 20 act TO a meeting be held at the Board OF
Trade Rooms this evening The committee appointed at
the previous meeting 10 correspond with the agents OF
mills IN other places reported that had been
received from number OF mills that those which had
contracts would continue to fun time, and that those
which had no contracts would generally on reduced
Dpfp lie ira
ton 1000 pieces per week-one-hfth. The Merrimac
Print Works will continue fun time for the pre-
sent The general expression of MEETING appeared
10 he in favor Of reduction OF the hours Of labor.
The Lowell mills continue staud the strain, ana II
thought Will not be compelled to curta or suspend
operatons nc all. At Lawrence the position Is I'M
changed OF the two large concerns tho Atlantic has
reduced per cent in production while the racine IL
running fun time The button factory OF BostWt Tex
an indefinite period The WatertOwn foundcry Of Miles
Pratt, which employs large hunoef Oh minus a pay
OUT about 5000 mouth, has suspended temp2iaIly'
The Washburn & Haywood Chair Company, IN EWING,
has reduced both the hours OF labor ana wages or
its empoyes-the former 80 egnt hours per gay tue at
Ter 20 per cent. In oxford, +. T. Harwood Co.'S and
G. DaySs shoe factories have stopped anu others are
doing nothing except cutting Few scalerinS ofdsrs;
f. A. II. Batcncer's boot factory In North BroOAneld
will be run half time for the present
THE CONDITION OF THE INDUSTRIES OF CAMBRIDGE
MASS
The condition of business in Cambridge
The New England Glass Company is turning out more
goods than usual. Braman Shaw, furniture manu-
facturers are working full time. but pay about Is per
cent less wages than In the Summer Since The panic
they are doing only half their usual business. Geldow
skys furniture mandatory now gives employment to
$50 men, onehalf the usual number, but II IS expected
that this force VIII be increased the present week
A. f. sanborn & Co., granite workers, usually employ 66
hands but have reduced to 60 Mason Hamlin, organ
manufacturers, usually employ $50 men, The present
"a ~ l.. Il n
organ manufacturers employ 100 hands, aud they are al
on full time and full pay. The Waworth Manufacturing
Company has strongly contemplated running nights.
In the large printing establishments, such as Riverside
Press. University Press, and John Wilson q sons, the
usual amount OF work is under way The soap manu-
facturers are all running full time and manutctur-
ing usual with reduction IN the number employed,
or the heretofore received.
THE NEw-HAMPsHIRE MILLS RUNNING ON FULL TINiR.
Messrs. b. F. g. ID. Holden of West Con-
cord n H., wooden manufacturers, say that they
have thus succeeded In selling their goods the sales
beng as large formerly with the prices slightly
lower. They are running on full time. and with
full help and from present indications Will continue 10
do So Almon Harris Sons. Baskerville. manufactur
ers Of aannes, running on full tne but think
II matters do not brighten within month, they Will DO
compelled TO reduce somewhat The cotton mills Off b.
Brown and Henry Browns Sons fortunate ih both
having contracts which do not expire TIL January
L. They employing their full quota OF hands with no
reduction of hours but say they tell what they
may be compelled to do at the expiration Of their CON
:f IN y liz sb SG'Sa the hour Maf
mack River, and they started up, as usual yesterday
Iangdon mills has there been reduction as yet, and
none decided but their condition is TO be
looked into this week. aud means for reducing the
production are likely TO be adopted
DECLINE IN THE TROY STOVE TRADE.
The stove trade in Troy is beginning to de-
cline utte and the opinion OF the various manufae
concerning its and the future prospects
vary Some OF the shops running on half or threo-
quarters time. Some Of tho largest establish
ments are running on full time. and will con-
tinue to do 80 for the present. One prom
iuent manufacturer stated that the sales Of
mis- house for the IS days than double tho
sales for the corresponding period OF last year Dealers
are buying cautiously only just enough 10 supply
the immediate demand and II is not probable that the
are running three days In the week This arm has
heretofore about IL months In the year. while
They have added to the capacity OF their shop, and
have manufactured great amount OF work this
CLOSING OF IRON WORKS AT PITTSBURGH.
The American Iron Works, and Wharton's
Bar Mills at Pittsburgh suspended operations on satur.
day IL 10 expected both establishments will be again
opened In o few days. Porter & Co.'S mills also
closed the same day, but IL IL known when they
will he opened again. At Oliver Co.'s works the wages
OF aborng men have been reduced from " to - week
The glassware trade on the South Side Is also IN de
pressed condition, Of the mills being idle, Win
little hope Of All early resumption Of work
SUSPENSIONS AND REDUCTIONS IN THE DELAWARE
COTTON MILLS.
The cotton mill of Pussy Brothers, al WI
ungton Del. has ceased running for lack OF oroer'
About $50 employ &C. many OF them women ARG 'nioN"
out OF work by the suspension The propre,orso cue
Arlington Cotton Mills decided 10 run ou TUG ne'
three dave In eaNh week.