The New York herald., 1878-10-24
By CABLE TO THE HERALD

or NIB. FILMING.
tBY CABLE TO THE HkRALD.1
GLASGOW, Oct %, 1878.
Trade reports show increasing gloom.
At Barrhead several of the leading trades
and industrial works are much depressed.
Some places are about to begin broken
time. The iron foundries are also very dull.
At Burnley very gloomy feeling prevails.
The large mills have reduced their rum
ming time, so that large curtailment of
the productions is imminent. News from
Dunfermline has been received to the effect
that large Fife coalmaster has failed in
consequence Of his connection with the
City of Glasgow Bank. This, coming as it
duction of ten per cent, must produce Sc
rious results in the coal trade of that dis
trict.
FIVE MILLION DOLLARS MORE.
In consequence Of the failure of the City
of Glasgow Bank, Matthew. Buchanan
Co., merchants Of Glasgow, suspended this
afternoon with Liabilities of about e1, OOO 900
($4, $40, OOO). Thomas Matthew, the senior
partner of this house. is brother-iE-law Of
James Morton, who failed yesterday, and
holds s1, 900 of bank stock, and 923, 745 in
trust for Henderson & Dunmock. The Drum
pellier Coal Company, Of Glasgow, has failed,
with liabilities Of ESQ, 900 (s3S7, ,2OO). Ru-
mors are current that another large firm of
shippers has failed.
RETURNING coxFrDExcE-RArEs OF DISCOUNT
EAs1ER-MR. FLEMING DEPARTS FOR SPAIN.
[BY CABLE TO THE HERALp.l
LONDON, Oct. %, 1878.
The banks Of the metropolis show much
greater tendency to accommodate customers
than for fortnight past. The Banks rate
of discount is easier. The first paper was
taken at triAe under six per cent. An in
crease in the bank rate is not anticipated.
Silver remains unaltered at 40 1-2d.
4 BIRD OF PASSAGE
vumor was current At Glasgow yesterday that .
London gentleman, who has been prominently men.
stoned in connection with the City Of Glasgow Bank
matters, has suddenly taken fight specially char
tered steamer proceeded TO the coast OF Kiniyrs
where the gentleman referred 30 was taken on in a
Standards Glasgow despatch says the man who has
taken flight In specially chartered steamer, route
ior Spain, is ME Fleming, Of Smith, Fleming l. Co
MORE DEFICIT.
The Central News has despasoh from Glasgow,
which says that II has been discovered that there
further deficiency, amounting TO ESQ 900 ($3S7 200
the assets Of shs City st Glasgow Back.
IMPENDING STRIKE OF THE CLYDE SHIP
BUILDERs-MoNEY OF THE TRADE UNIONS
AGAINST THE CAPITALISTS.
From the Evening Telegram OF yesterday.l
SPECIAL CABLE DESPATCH TO THE TELEGRAM
GLASGOW, Oct %, 1878.
The Glasgow shipbuiders are in o very excited
condition to-day, ana threatening to go on gen.
eral strike The cause OF this s the recent reduc-
ion OF their wages to the extent OF seven and ahal
per cent This. as may be imagined, has carried
sorrow to thousands OF homes along the banks OF
the Clyde. The men maintain that 1t is nagrant
injustice to reduce their small wages any further.
Add to this the poor fellows have been only receiv
ing partial employment for long time back on
account OF the duness OF trade and the limited
demand for new iron steam and sailing ships. 1t
is also patent fact that there Is q large neet OF
steamships In excellent condition rotting away In
the different docks OF Liverpool and London,
awaiting purchasers
HARD TINES.
The circular OF q firm OF steamship brokers
OF London, who are specially engaged In the
purchase and sale Of steam vessels, which lies
before me, shows that they have several hundred
OF these second hand craft to dispose Of Many OF
them can be purchased for mere song. These
facts are not unknown to the worKmen employed
IN the shipyards OF this and the neghborlng cities,
but they say In reply:-
THREATENED WITH STARVATION
1--WE have terrible dlfncuity as 1t Is to obtain
food and clothing for our wives and families lf
you reduce our wages seven and a half per cent
you bring us face to face with starvation and
DEATH" Others say:-"we are now being called
upon to atone for the rascallty OF some OF tho di
rectors OF the rotten Bank OF Glasgow"
THE MEN ORGANIZING.
The secretary of the clyde Shlpbuidng En-
gineers' Association called meeting to appoint
a comuittec to confer with their employers on the
subject OF the reduction OF their wages. The mem.
bers OF the association propose also considering the
communications they have received from other
trade unions on the subject OF the reduction OF
their wages also. Many OF these unions have sub
mittcd offers 10 their employers OF compromising
the matter IN dispute. which 1t Is earnestly hoped
may prove satisfactory to both sides.
THE STRUGGLE FOR EXISTENCE
Many well informed persons maintain that con.
sidcring the disastrous condition OF trade on the
clyde, such concessions are not likely 70 bc
granted. The struggle, IL it commences, will bring
terrible hardships on tho working class The
riveters employed by tho firms OF A. j.
lnglls and Patrick Strack have gone on strike
The firm, IL is understood, made them the ofier OF