New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-18
FINANCIAL ISSUES.
EMBARRAssMENTs OF MERCANTILE FIRM

EMBA RRASSMENTS OF MERCANTILE FIRMS.
ALBANIA 4 FULLER, SUGAR REPINERs, SERIOUSLY
CRIPPLED-AN EXTENSION OF THEIR PAPER
GRANTED by THE CREDITORS OF TIE FIRM
OTHER SUSPENSIONS REPORTED.
The principal event in financial circles yes
terday was the Of the embarrassment o;
the firm OF ALBANIA Fuller. sugar relners, OF No. LOT
Wast. At first there was considerable difncusy In CD
tanning detailed information in relation to the matter
but finally members OF the rm admitted that there
was temporary embarrassment, which they hopod 70
overcome through the lenicncy OF their o-'u4' M"
the amount OF their assets
The firm ia rated on the Mercantile Agency as being
worth over a Million They have Just finished new
suoar refinery costing and this, with the dim
Guilty found in getting rid OF their rehncd sugars III Tue
present dizziness Of business. crippled the nr
The maturing paper amounts to ABOUT s9eoo'V " "'o
which the firm have I'm sugars hand, cash In DahK
&C. &c. about $4,000. Their paper Is mostly Ho.u AZ
large blocks by the city banks The creoitors ha'e
granted an extension OF this paper on the oasis o '"o
four and six months time. The private properly VI
Tho indivuaI members will be amply sufieIentto cover
any eventual loss
ALBANIA Fuller are the OF Hrunjes, Ockers
hansen Co.. whose establishment at the foot OF lana"
st was hired To meet their necessities the new hrn
proceeded to build large refinery at tue AIah''o
Docks, which they are expecting 10 occupy May 4
and which they have expended Wlthu ehe P"o' J'A
in cash about 100000 already stated This large ih
yestment together with the bad 0d0r In which sugar
paper has fallen the failure OF WheatIcy, Wits
& Co., proves to have been TOO much Ior 'aemi. iM
house Is pronounced sound however, ana Iuly huIc
with the extension already granted 10 pay nFe 70
one" on all liabilities. The actual liabilities are
s32OOo0 on which the firm is short s3300 OF stock ana
bills receivable. The capital OF the nriD IL rateu az
about They turn out from $50 To 4O oariels Vi
| sugar a day or about 24,0O0.0O0 pounds per annum
Miguel ALBANIA. the head OF the house Is the repre-
sentative OF Cuba In this city Prior 10 the CUBAN IN
| ala
wealthest proprietCrs the Island Ills mousse IN
Havana erected the cost of several millions, wos th
finest In Cuba After his flight from there 1t was seized
by the Spanish authorities, despolled OF lts Ichest
treasures and afterward converted into pubic olces
The suspension OF SiOrdert & Co., L0nden mercuants,
WAS Yesterday reported. Mr.. Si0rdert was sen-la"
Of j. c. I'm Thurn, and was involved WIN MN IN 1ne
32,0J0 600 failure, Doficed in Monday TRIBUNE
4 member Of the Woodward Steapl PUMP Manutac
turing Company made. substance, the statement yes
terday that all OF their creditors with the exception
six have signed an eXten On paper, ana tne securnE
OF these six signatures Will exempt them from tue
Sherif,s hammer, Mr. Woodward will Visit Phllade'-
pha, OF their creditors resides ana ehdoa'or
to procure "A completed extension paper
member OF tie firm OF MealO Co., matters, corner
OF Broadway and Cana-st who were reported anlone
failures yesterday, In answer 10 inquiries las
evening stated that they met with some temporary EN-
two weeks since, que entirety 70 Inc
backwardness OF the Spring trade, pat tns Iu oeeu
easily overcome, and they were now pursuing Ousuooo
| "a usual, There had been no failure ~ nau Deeh
merely request their few creditors Tor an extension
OF time ana This had granted without question:
reporter OF The TRIBUNE called upon a member Oh
the firm OF l.. Decker Co., plano manuIac urers az
teenth-st Du Information to the correctness OF the
OF their suspension was declueu, II DcIng re-
marked that business transacted at the private
residence. and only at the place OF business