Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-11-08
The Financial Pressure.

IN NOTES.
The latest advices from all sections OF the
country seem to indicate that the financial and
commercial depression is being felt in the
north, south, east and west. Particularly are
the laboripg circles Affected thousands OF will
ing hands and hearts having the gloomy pros
Pect before them Of passing winter in enforced
THE NEW ENGLAND MILLS.
The Manchester N. II. print works will do
no more printing until the LIST OF December
About five hundred people are thrown out OF
employment. The mills were shut down This
week, and il Is understood will run only four
days per week hereafter. The mills OF the
on three fourths time on and after next Monday
The Amesburg wooden mill commenced yester-
day morning on half time. The SALISBURY mills
are running on three-quarters time. The Mer-
to- day for the month Of November.
WHOLESALE DISCHARGES OF woRKINGNEN.
Five hundred and thirty men were discharged
This week from the lumber yards In Greenpoint,
n. Y. One hundred lsborers were discharged
at Long Island city; one hundred cabinet
makers at the same city; four hundred and atty
men from the Brooklyn city works, and three
hundred men from the Prospect Park Improve
ments. The rubber comb factory at College
four days per week, employing six hundred men.
The Maine Central railroad has just discharged
three hundred workmen.
TIE RAILROAD STRIKERS.
The railroad lock on the Virginia, East Ten
nessee and Georgia railroad continues. An at
tempt by the company TO send out freight
owing to the engineer being prevented by force
from taking the engine from the round HOUSE.
The company sued one hundred strikers IN the
circuit court for $500 900, and the sheriff served
the notices last evening. The company also
sued one hundred in the chancery court, and
obtained an injunction restraining the men
from obstructing the business OF the company,
which notice was also served by the sheriff.
The company will attempt to start freight trains
TO Bristol ana Chattanooga this morning
Owing TO the reduction Of their wages a large
LAX ~H,a T..g.
at Waterville have quit work, leaving very few
employed at that point.
THE DEPRESSION IN ST. LOUIS.
Two Of the iron works in South St. ais have
stopped work, throwing about two hundred
men out of employment. The Vulcan iron
Works have stepped two of their three furnaces,
closed their rail mill and discharged about hun
dred men. Other works have either stopped
their furnaces or discharged part Of their en-
ployes, and all have reduced the wages twenty
per cent. Many manufacturing establishments
In this city have materially reduced their work
ing force, but have not cut down the wages.
EFFECT ON THE COAL INTERESTS.
The Delaware and Lackawanna Coal COM
pany has issued orders at every colliery over
which they have control, that on and after
Monday next the miners will mine coal on
three-fourths time. The miners were partially
prepared for the announcement in conseq uence
Of the panic elsewhere. The men are being
paid this week their last months earnings
The Lackawanna Iron and Coal company have
notified their men that no money will be paid
them until the company is enabled TO procure
pay for their production. Everything the men
win need must be procured at the company's
store.
The banking house of Ira b. McYay & Co,
Of Pittsburgh, closed doors yesterday morning,
owing to complications growing out of the
suspension of their Eastern correspondents.
THE RANKS IN BETTER CONDITION.
The New York banks have SO ,065 900 in legal
tenders and SIS, 900 900 in specie, making total
reserve of S3s ,065 900, which lie $500 900 more
than twenty five per cent. reserve on their de-
posts. During the past six days the banks have
gained about e, 600 900 in legal tenders. The
statement of the Boston banks shows increasing
averages, and Is q favorable and cheering re-
turn. Deposits show an increase of over a mil
lion, and balances due to other banks, S4ls, 900
while the reserve has been swollen by an in
crease Of SSH 100 in legal tenders and $50 800 in
specie.
THE UNION TRUST COMPANY.
The statement Of the receiver of the Union
Trust Company shows that the following secur-
titles were purchased with the company's funds
by the defaulting secretary, Carleton:-0ne
thousand shares Of Atlantic and Pacific rail
road stock, three hundred shares of Pacific
Mail steamship stock, two thousand shares of
Union Pacific railroad stock, six hundred shares
of Western Union telegraph stock, and four
hundred shares OF Columbus, Chicago and In-
diana Central railroad stock. The amount due
depostors is O., 229 ,1s51s, and the assets amount
to Sc 81 S69s0 excess Of assets over liabilities,
81 ,O9S, ls462.