The New York herald., 1879-07-01
COMMERCIAL WRECKS.

THREE HUNDRED AND sIxrY-sIx FAILURES RE-
PORTED IN NEW YORK CITY FOR THE SIX
MONTHS JUST PAST LIABILITIES S11, 582 656
AND ASSETS S. 900, 346
The record of failures reported in this city during
the six months ending June 30 presents very
fattering exhibit when compared with the report for
the spending six months of 1878. Three hun
dred and failures reported for the past
six months. in which the aggregate liabilities
amounted to Sill 5s2. .656. while the valued
at S5.9903i6. For the six months ending June So
ls7s there reported 514 failures the total liza
bilites amounting to S39O30.795 and the assets to
sll.Ol2 Co., OF course the repeal of the Bankrupt
aw was the main of such large number Of
failures in that time. but the extraordinary differ
tnce in the gross Liabilities shows that while
there still large number OF failures
continually occurring it is mainly the small mer-
chants and traders who have been unable to compete
With the who controlled more capital. Most of
tae trades have passed through the trying ordeal of
financial strngency. and all appear in fair way to
flourish although their condition may be only grad
u.y bettering. number OF prominent and long
established houses in the various lines of trade have
ben forced by adverse circumstances to suspend
siice January.
The greatest number of failures in any one branch
liabilities amounting to s142.S77 and assets $290s7.
Eight provision merchants failed, owing $304910.
and having to the amount of $1lO.937. Among
the enumber were Hei man Brock. William f. Harting
and the Marshall Packing Company. In the dry
goos trade there only five failures the aggrc-
gate liabilities being 81 222977 and assets esti-
mated at S295,99 The most noticeable failure
was that of Whittmore Peet Post & Co..
which carried down several other large manu-
featuring concerns outside of New York
city. Seven fancy goods dealers failed having lia-
pilites the amount Of S96lS6 and assets $35. .432;
and sesen dealers in gentlemen's furnishing goods
susperded, owing $780, 1856 and having aggre-
eating S13974 In the clothing trade there were six
failure the total Liabilities being $50 and the
assets s27 165. Merchant tailors to the number OF
five failed, the debts aggrcgating S46421 and the
assets realizing about $2o3l3 Four dealers in cloths
and .w.oliens suspended. having liabilities to the
amount of $77,2s3 and assets s17.S47 and four man
ufactur,rs OF ladies' unable to continue;
their liabilities amounted to $32. 600, while their
assets valued at sl2.03O. Liquor dealers have
felt the effect of dull times but only eight failed
their to Liabilities being s197155 and assets
s236O4. Five keepers of hotels and restaurants be-
| came embarrassed. their liabilities footing up
| S2ll 55S and their assets $4,000. In the boot
and She trade eleven failures occurred
the aggregate inde debtedness being $50, ,693: the
assets So 1903. Six dealers leather obliged
suspen owing 1882 500, and having assets valued
| at S46,S75 Among those who failed were Neil Nc
| Callum x o.. Edward Godfrey l. Sons and II. l. D.
| w. Watrots. Nine bankers and stock brokers went
by the boad. their liabilities being S2S2, ,Sl3 and as
sets $65,4S among them were Andrew Stewart Il
| Co.. S. NJ. Mills Il Co. and John w. Weston. In the
business there eight failures in which the
liabilities we're s7ss2l and the assets s22lse. Only
ing to $27,2S with assets valued at $5,255 The fail
OF grocers was announced. their total
debts being $685. and the $7O,6lO Four
butchers could collect their bills and had to fail
owing S6S,O3 and having assets Of $10.4u Four
dealers in tu.s failed for $l54,543. Their assets
amounted to Sill 1926. Among the cotton brokers
there were i've suspensions, the total liabilities
being $4,000 and assets $3.50 These included
williams Briie Co.. Is. r. Smith Il Co. and H. w.
4 j. II. Farey. The two last named settled with
their creditors aud resumed business. Eight
penters and builders included in the list Of
failures their liabilities aggregatng $73.993. with
valued $12704. In the hardware trade there
were seven se asn 1ures IN we so,1 @ eme totaa
were the Hart Bliven II Mead Manufacturing Com
pany Russian, American Manufacturing Company
and Cornelius Van Horn Il Co. Seven jewellers
failed having lcbts to the amount of $l50Ss9 and
assets valued $55.340. The depression in the iron
and metal trade caused five failures, in which the
total debts we're $307 435 and assets 1921 056, the
Peru Steel AID Iron Company being the only
prominent failure. Four dealers in crockery and
glassware broie down, their liabilities being 527
and assets $ASS3. Manufacturers suffered to
considerable extent. eight failures being reported in
$201 ,523. Among them were the Angel Il Blake
Manufacturing Company the American Suspender
pany. Nine printers and stationers suspended busi-
ness, their Liabilities amounting to $4S5, ,l50 while
their assets alued at $1S563. Seven dealers in
millinery goods filled, the Indebtedness amounting
to SOL SG7 and the assets realizing $4094S. The pri
cipal ones were Billiard HALEY and Shumway L.
Massey. Only three dealers in drugs failed. Their
liabilities $21 279 and assets 544. Two deal
in furniture fied owing $33 1852 and having
sets amounting to Sl1 ,6s9. There three failures
in the piano business the total liabilities being
$21S, 1856 and assets $121, ,603 Four shipping and
commission merchants suspended having liabilities
to the amount OF $2l9 237 and assets $59737. They
were Murray. Ferris Co., 3. l.. Marchant n Co.,
j. G. Raining and A. H. Mojanetta II Co. Among the
other failures those of three bankers labities
$40 U9S assets 81 9 two book publishers liabilities
sl5O.OO0. assets $4,000; three agents. liabilities
$4,000, assets $4,000; two painters, Liabilities
$l22 OOO assets 500; three dealers in paper LA
bities S115, 720 assets $36 O95 two manufacturers
of flowers and feathers, liabilities $24 no.
$7.261 iurrier. liabilities Sc 02 assets 81 1893;
dealer in house furnishing goods, liabilities
So l39 assets SG672 three hatters liabilities $5071
assets 81, ,4S9; three lumber dealers. liabilities
sos O00 900; dealer in straw goods abil
tiles 500 S76 assets $3 DDS two storage warehouses;
liabilities S270.s52. S2l6,0O0; dealer in
wooden ware liabilities $l0SUl, assets ST. 531, and
Globe Mutual insurance Company, the liabilities Of
which in round numbers are S3,70O.0oO and assets
S3.00O.OO0
Thirty eight failures were reported for tho month
of June. aggregate liabilities being $lo93. s77
and assets $735 UJ3. In june 1875 there iifty
four failures. with liabilities amounting in round
numbers to $5.OO0,0OJ.
Currie Il Co, retail dealers in dry goods, made an
assignment yesterday to John j. Adams, giving pref
erences to the amount of $G2l5. hey commenced
business in April, 1Sis purchasing the stock OF
the late Il. o'Nel for $4,000. but heavy EXPENSE
and competition forced them to suspend.
SALOON KEEPERS ARRESTED.