, 1875-07-29
FINANCIAL.
Few Additional Facts Concerning
tho Failure Of Duncan,
Sherman & Co.
Lending New York Moneycd Men
interviewed on tho
Subject.
The Suspension Will Have Lit
tie or No Effect on Gem
eral Business.
Much Excitement Caused Among
American Residents In
Paris.
The Rotbschilds Refuse to Honor
Drafts on tho New York
Firm.
An Attempt to Ilecaser Money Paid Shortly
Before The keWs Of tile Failure.
The New York Commercial Warehouse
Company Asks an Extension
Of Time.
Beechcr's Publishers on the Rag
getl Edge of Insolvency.
Other Failures and Embarrass1nenss Of
Lessor Importance.
The New York Commercial Warehouse
Company Asks an Extension
Of Time.
Bcec1ler's Publishers on the Rag
Eetl Edge of Insolvency.
Other Failures and Embarrass1nonts Of
Lessor Importance.

Special Dtspateh to Jhs Catcdqo Tribune.
New YoAK, July 28.--Tho failure OF Duncan,
Sherman l. Co., announced yesterday morning,
wns followed by TINT OF tho Co1nmcrcinI Ware
house Company Of this city. aid John 3Inson &
Co., OF Philadelphia. Those disasters woro in
no souse prccipitatol by Tho failure OF tho day
.'rov,ous. Advances OH sugar had invuiyod buth
I,outcs. The liabilities OF tic trst-nau,ol aro
placed at $1,500.0OD, with largo aspcts, unaynil-
ab1o at tho lnc, yalued at 81 100 000. The lla-
hlities and assets of the PHILADELPHIA houAo nre
not known.
Little additional information col,ll bo obtained
ro]atiye to tho condition Of tho Affairs of Dun.
eau. Sherman d Co,
THEIR LATE 1ossEs ON COTTON
ara reported to have aggregated II, ,0nn, 600. The
reported losses Of $780, 0v0 by the AIo:llo L Erie
Nnllroad GRO confirmed, iu addition to which IL
has bson asccrtained that the firm had $500, 400
Of bonds Of tho State Of Alabama, quoted At Sc,
4 lsrge amount Of real estate in this city was
Transferred on Monday last by afr. Duncan aud
Mr. Sherman TO tho father Of tho former.
The ofIeck Of these failures waa hardly fot by
tho money and stock markets, and
PRODUCED LITTLE DEPRESSION
In the Cotton and Produce Exchanges. A Aneryoua
feeling Was manifested this morning On the
opening OF business, but it wns only momou-
tary depression which followed. Confidence Wa
soon restored, nod the market would have been
steady with a tendency to riso bat for tho at,-
nouncomeut soon after tho opening Of tho H,,st
pension OF tho Commercial Warehouse Company.
During tho excitement which followed tor half
au hour after tho publication ofssais nova, Htocla
foil OF from " to q per cent, but later tho
who.e list, with tho exception Of Atlantic L
Pacific preferred. recovered, and closed from y
nAFf hos $11hs sJCzt nf
day.
TIE MOST ACTIVE STOCKS
falt tho rebound most fully, Western Union
reaching 1913, and Lake Shore 50s+, with othoss
rs ihs ssns xs Rs5GfGs% ss G.ssaose VA. better hau
OIL Tuesday. and far less confusion and doubt
prevailed. This WAS also the cass In the Hold-
loom, where It first gold fol- of Oh receipt Of
news, from 1l43{ to III, but alrSost u quickly
sold again - the 6rst-naulod figures. Tho OK
ctement was not grestcr than on ordinary CO.
caslonH.
On tho Cotton Exchange tho feeling vas moro
depressed than At tho money Inarkots, but Btili
tho fooling was strong that tho failures would
NIT operate dtaadvAnta9eoussy to dealers eenot-
ally, Tho depression was greatest in the prod
uce ma1kats, and littio activity was diHplsyod ut
tho greatly reduced figures.
Tho reported hoagy inycesmonts Of tho firm in
those railroad secI,rttcB, considered by many to
lave boon the original CAUSE OF thclr failure.
proves on inquiry to be well founded. 1t haa
beon vol known for several mouths among deal-
era IN railroad securities that tho firm waa
LOADED DOWN WITH BT0uK
aud bonda Of certain companies wlich wcra net
marketable and whel. Aave been carried for
long time ~ unavailable aasots OF tho conoeEn.
responsible clticor of ono Of our largast bauks
ss :s :a ;ss' Il sA' sesfa.! 5 bad u 9''ss hs
Molic d Ohio Railroad Company.
Of which Mr. Duncan was President, and small
amount In tho 8elma L Gulf Railroad, au unem-
ployea schoms abandoned after the panic Of
1874. Il was understood also that In ono Of
theh settlements they had been obliged TO tnko
s300, 600 Ut Alabama Htate bonds now quoted at
u centa OH the dollar.
Otticozn Of tho pauataA Railroad Company do.
ny the statement that they lkyo lost money by
tho suspension, anl further ray that tho stock
OF tho Company formerly held by the firm IL not
likoly to COME upon tho market.
Tho Assignee of Duncan, Sherman Il Co.
stated to-day that ha know nothing whateyor re-
garling The condition OF tho 1!rm, further than
what Tas already known. lilo hill lust begun
to look Into itB a1stss, aud it impossible at
presout to give any reliable statement Of how
they Htood, either ~ regards aasosa or liabilities
All ho could Bsye ras that tho liabilities wore
large, and thBt
TIE AsaErs WE'RE LESS THAN THE LIABILITIES.
THIS be concluded ~ matter Of course; 1ther.
wiso tho firm would nos hAyo made ~ assign-
mont but more than this no could not say, aud
he did not think any one knew moro at pses-
cut. Whenoyer th0so VAS I statement to bo
mado tho public would know It through tho
ptoss, but 1t would probably bo souls tlno before
auy truktwoltAy figures could 10 obtxiuea.
It was learned FROM various well-,pformed
sonrcea thAt tho Immediate cau1e Of tue susI,st,-
sion of the house was tho loss. by tho recent fall
III tho prico Of cotton aud stagnation OF tic mar
OF tho spaculAsiohs il. cotton which hare resulted
thus diHAstrously could bs obtxtnad. but AlyIcos
from Liverpool stated that tile conHtgnees there
who had mAdo advances to the houEs were we'll