New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-01
GENERAL PROSPECTS.

OsitlOn for "a settlement until more
statement of its affairs has been made.
GENERAL PROSPECTS,
ONE OF JAY COOKE & co.'s PRINCIPAL CREDITORS hE-
FUSES TO ACCEPT THEIR PROPOSED COMPROMISE.
[BY TELEGRAPH TO THE TRIBUSEI
WASHINGTON. Oct 3l.-W. o. Alexander, the
largest individual depOsitor with Jay Cooke d Co.
in this city, has to-day addressed letter to that
firm, declining to accept the proposition made for
settlement and assigning 'ng other reasons the
fact that his application for copy of the detsiied
statement of their affairs, which they have prepared
was not noticed for some time, and was manly
evaded. After setting forth his objections to their
formal proposition the letter closes follows;
More than 80 days elapsed since your bank IN TINS
city suspended, as IL remarked with sublime assnrshc
to its creditors. for precautionary reasons ana ye'
those creditors are still wholly uniformed a. To the
nature and value Of their assets, and specially OF me
assets OF the Washington branch OF your hrm Nor
have they Informed OF the disposition since made
of their assets l. at least am equally Ignorant OF ING
certainly have a right expect IT, with fai'' 10
genuous, and explicit statement ~ the peennary con
ditiOn of your hrm including your interest Ia the LONDON
house OF jay Cooke McCulloch a Co. Will On, nor pc
FORE consider proposition looking 10 an anicaDe extra
judicial settlement OF your estate.
WoRKdEN DISCHARGED AT THE PORTSMOUTH NAVY
NEUTRALITY-SUSPICIOUS. IN MAINE RUNNING ON
FULL TIME.
PORTSMOUTH, n H., Oct. 31.-FOur hundre@
worbmen were discharged from the Navy-Yard to-day
Commodore Guest OF the Examining Board arrived AZ
the yard this evening
LEWISTON Me-. Oct S-An the mills in this city ana
shoe manufacturing establishments Auburn are run
ming on full time.
RAILWAY woRKdEN DISCHARGED.
ArRANY. Oct. 31.-Twenty worSmen were
discharged from the railroad shops at West Albany to
SUSPENSION OF STATE LIQUOR AGENT ---
PORTLAND, Me-, Oct. 31.--EatOn Shaw, State
Liquor Agent. has suspended payment
TRADE OF BUFFALO AND THE LAKES
SHIPMENTS FROM WESTERN PORTS GREATLY kf'
rARDED-MARKED DECREASE SINCE THE FIRST
OF ocToBRR-THE IRON AND LEATHER INTERESTS
OF BUFFALO-MERCHANTS CONFIDENT
lFvoN A SPECIAL CORRESPONDENT or rHE TRIBUNE -
BUFFALO, Oct 30-The effects of the pan
on the commerce Of this city have been very marAe
The shipments from Western ports by way o; the Lakes
and the Erie Canal from this city have been greatly
retarded by the strineency in tie money market aud IN
the articles OF lumber Ores g. have almost entirely
ceased Up to the st Of October the receipts Of gram
at this port footed up 100000 bushels, or about
10000 bushels greater than last year ~
the same date but since the ht they
have fallen of largely, and many vessels IN Chicago "a
well as canabolts here, already laying up Tor the
Winter fr lack Of freight at living prices. There has
been slight Improvement within the last few dats, but
the cloe OF canal navigation being now at hand large
portion Of the grain Of the West. which, but ior the
panic would have been moved 20 the eaboard by water
will now lie over De transported by rail or not trans
ported at al before Spring Tie canals VIII stop load
ing for New-York IN about two weeks with rare excep-
tons but il Is estimated that by that time the ship
ments Of grain to New-York viii equal those OF last
year. although they will probably be much smaller than
they would h. We had there been disturbance IN
the money market The railroads arc anticipating large
business IN the grain carrying trade this Winter on
account Of the check given TO feGhts by way of tho
lakes and canals during the last month There appears
TO be very little reduction in the number OF cduei
ing here and dsaer say there is no end 20 the supply
in the West but the Of freight has hitherto been
hch as 60 leave scarcely anything for stock ralsers
TIE Central Railroad mas this week reduced the Height
ON cattle about per cent from here 10 Albany aud 90
per cent to NewYork, and the Erie Road will DO com
pced to follow SUIT. The freight hogs, owing TO
alleged secret arrangement between the three great
competing lines-the Central. Erie. and Pennsyyania
remaius same, aud is rarely subject TO huctuaton
prices Wesern-bound freights b. way OF the canal
and lakes have almost entirely ceased aud vessels
anxious to carry for nothing 10 get ballast.
BUFFALO MANUFACTURED
The manufacturing interests OF Buffalo, which have
been very largely augmented within the last live years.
and the main OF the rapid increase IN popua
tiontne city claims l6OO0haye felt the effects OF
the panic Ia pretty much the way and 10 the
extent those Of other cities in the They exist
In great number and variety tbougn the large estab
lishments few. The most important those OF
iron and leather. or the iron manufacturers the
Union Iron Works and those Of Pratt & Co. arc
the chief and employ from 400 10 5000 hands Neither
these establishments has made much reduction In their
force yet and both intend 10 keep as usual through
the Winter, with perhaps partial reduction Ia time
The Pratt Iron Works manufacture great variety or
hardware. and sell their own goods They represent
trade as materially improving within the last 10 days.
both I'm the new orders received and IN collections The
Union Iron Works have large contract 20 supply L. on
for the Harlem Railroad which is now sinking Its track
in New.York and will keep their works going through
the winter They also manufacture building material
20 large extent for which the demand has fallen on,
and will probsb bly, compel reduction their force
sidney Shepard Co., large manufacturers Of TIN and
,anapned ware have reduced their force onethir in
consequence Of the dull times, but they also represent
husnesst as improving within the past few days.
The leather business employs from 900 to 800 hands
and IL confined chiefly 10 the manufacture OF sole
leather the demand for which still continues fair, owing
10 a reported light stock In the market Bush How
ard and j. f. schoekopf Son, the two largest firms
this business have made other retrenchment than
reduction OF shilling a day the their en-
pioyes. On the first OF next mouth they contemplate
reduction In time from 10 TO hours per day with
corresponding reduction in Tue other firms viii
probably do the same. Jewit & Root, owners OF the
largest stove factory In the country, and employing
from 800 TO ZOO hands decline TO give any information
about their business present prospective This IL the
nrst firm which your correspondent has encounters