The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-08-10
WALL STREET NOTES.

THE FAILURE OF BAXTER co.-AN ASSIGNEE
APPoNTED-wA1L STREET IN MIDSUMMER
THE LAST CHAPTER OF THE BUFFALO AND
ERIE NEUTRALITY-SUSPICIOUS. IN KANSAS STOCKS
DUNCAN, SHERMAN co.
Perhaps, in It's way the failure OF Messrs Archibald
Baxter Co, OF No. II Broadway, much a sur
prise to the grain and shipping merchants with whom
they in intimate connection the failure Of
Duncan, sherman Il Co TO the bankers and dealers
in foreign exchange. The credit of the former house
might almost be said to equal that of the latter in their
line of business. Only the day before their failure
Mcssrs Brown Brothers & Co. believed TO have ne
gotiaed their bills with all confidence; when therefore,
late on Saturday, their probable suspension was an
nounced, IL was with feelings of sorrow and APP
prehenson The event was canvassed yesterday by the
FRIENDS CREDITORS OF THE FIRM
The proceedings in reference to tho Kent injunction
against the vessels laden with grain have already
been reported in yesterdays papers and that matter
will of course be decided in the courts but when the
HERALD representative yesterday waited firm
No. II Broadway in the spacious granite building in
which the British Consulate the White Star Steamship
Company and other important commercial Offices are
located it how grave the failure of
this old established house
Baxter Co. occupied the range of Offices the left
of the hallway upon the first floor and the signs with
out and within informed the inquirer that they
general shipping merchants well the agents for
'Thc South Wales Atlantic Steamship Company from
New York to Cardiff" number OF clerks and part
in consultation, and Mr.. Baxter himself
venerable and the very type of an odtm merchant of
Bowling Grecn-was comforting with
MR. DWIGHT JOHNSON. ASSIGNEE.
The latter that the trouble and embarrassment
OF the firm had come so suddenly upon them, from
already sufficiently explained by the press that
no statement had yet been prepared, they
nation. full assignment Of the property and effects
of the firm had been made to him (Mr Johnson) and
he would proceed settle the affairs of the firm
and as equitably as possible. There were
no PREFERENCE CREDITORS,
and he had been able hold but about twenty min
utes' conversation with Mr. Baxter he begged to be
cused from saying any more TO the HERALD for the
present
The news upon the Produce Exchange did not
to have great disturbing influence the spectators
generally conceding that the firm an honorable one
and all creditors would receive fair division OF the as
sets
ON WALL STREET
dulness exists II has done Sirius the dog starr
regned There slight stir in the early morning
stock trades but when the market resumed its woncd
apathy prices declined the particulars of the uctua
tions will be found in the proper columns. II is
singular literal fact that grass Is growing in Broad
street and business does not revive the hacmen
can remove the brides from their horses they
Craze front of the Stock Exchange as in vcrnal pas
The young brokers find their profit as well us
outdoor diversion in gathering in groups upon the cor
of Wall street criticising
PRETTY GIRLS
building
Early in the day the reached the street of the
fight of Alexander Collie, the bankrupt banker, who
trial in London on the charge Of obtaining
money from the London and Westminster Bank on
false pretcnces His brother, William released and
ordered to appear month hence. In connection with
these London complications it may be well TO state
here that
p. FRANKLIN
who was implicated time since in the forgeries OF
the Western Union and Buffalo and Erie bonds has been
honorably discharged and his bail bonds released by
Judge Hackett the District Attorney entering noie
proseqtn on 1ftytwo indictments for forgery in tho
third degree 1t appears Mr.. Franklin, in the most in
nocent manner, introduced a gentleman well recon-
mendcd TO him to the firm Of Saunders Hardenbcrgh,
upon whom the forged bonds passed After the in
vestgaon the abandonment of the prosecution for the
people thus results doing tardy justice TO an honorable
gentleman
DECLINE KANSAS PACIF1Cs.
Yesterday the stock of the Kansas Pacific sold at IL,
against ninety days The of the de-
cline said be the waging between this road and
suspected that there is too much Kansas Pacific stock
held by weak Wall street houses, who were buling
Missouri Pacific Preferred stock at so some time ago
and could get bid of 30 for 1t to-day The last
sales week ago about 80.
1t pleasing learn yesterday that all drafts Of
the First National Bank of Port Huron, Mich on Dun
can Sherman Co., would be paid by the American
Exchange Bank; also that all checks drawn by the
Panama Railroad on the same firm would be paid by the
Mechanics Banking Association