New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-12
COFFEE FAILURES.

so STATEMENT YET OF THE CONDITION OF fIIIt'
FIgM-ErFEcr OF THE SUSPENSIONS OF rhE
TRADE.
statement of the financial condition OF Bowie
Dash & Co. is in preparation, but II - d'dpiul -
il vii, be complete ed before the latter part Oh lex
week. A meeting Of the creditors VIII DC b"h'
then and II will be decided whether the hfh shd
make an assignment No steps that lhis"t ,e''
to such action before that time have yet beea taken
by any Of the creditors of The hrm; 1t - coh'i"e'7'
unlikely that the creditors " II interfere
merchant who held mos, intimate ieiluoh'
with o. G. Klmball and Bowie Dash, and who al
tended the funeral Of Mr. kimbaH saii ff'u'y :
"Ihc suppression of Bowie Dash & Co. was not ui'-
expected and It was done entirely by the advice
and with the consent of friends and creditors.
lt was a result of the embarrassment
following the death of o. q. Kim
6ail, with whom the hrm was associated
together with G. b. Arnold q Co., III the comblnd-
ton to control Java coffee IN this market The SUE
uensiln was considered the best course I" take ~ q
considerable amount of his paper becomes cue To-
morrow. A tement is to be prepared. amcetng d
the creditors is to be held, and not until then VIII u
be decided y whether the firm viii make an assign
mcnt or 20 on. While in Boston had a conVefsa-
tioa with SIR. Kdder, of Kldder, Peabody q 20
They were Kimbal's bankes and the Itprcs' bt'
tlyes OF Banng Brothers, aad they had TIE ns"'
track Of Dash's affairs. Mr. Kidder believed from
having investigated KImbalPs books that The estate
was solvent.
"a year ago last August Mr.. Kiublll went to Re
de Janeiro, and, as Is generally required "h"re a
business man has no partner, he MAZE H"hi' up
pointing Mr. Townsend and MIR. Perry lhihlD as
conf len al clerk ~ his executors in case OF death
Aner Kmbal's death sir. Kiddcr requested tlai
tie executors should qualify, ami then ktddcr,
Peabody & Co. attached tho property To save IL ID
case OF any dillcIltIos, such Il, have arisen Win
Arnold d Co. and Bowie DIoh X CO. Tie iaet t.'H
Mr. KImball knew OF h'j sJyc1cy Is shown ny u
fact that when last ito city h. offered tn piy MS
bl.!, in r.lfiel checks viii n b. had with hii1.
"Ibe prIueipal creditors OF Bowie Dash 4 Co.. AZ
the banks Of New-lofk an New-Engia. d. Ire
is a grra- dead IT the firms paper in Boston. Nj"
Dash was a prominent man. direc or IN tie Con
tnental Bank and 3estrymln IN Trinity Church. r.
was to-day olt'rtl %l,OOO,0O0 On his ponor 10
bridge over his h.ili,ulucs. waich be declined"
his failure had 40 pcrccptOle tiitc5 on the cole"
market. Prices nave remained for the last two day
fairly steady at 12l4312 cents for " fair" IhT
il tle coffee Of that grade at present IN tins mar
ket but ~ cents would bc PAID readily Tor 1t.
cargo Of Santos by the john Sherwood COMPRISING
nearly 900 ags, was rcso'd yesterday NJ / ccnts.
Il was imported in August by B. q. hfnoil * Co..
and b, them sold shortly a.rcrw rd ~ y cents.
Tee iOhher who then Dougat II sun red loss o''
800 600 on the cu"g0. A. invoice 81 I.ollO naI
basis of II cents for "Ia!TD iecllhs
of greater cOuGtcn.e yidyd tae mar
kct Yesterday although the transactions
we're nor heavy, ard the GuOt1t 0n5 were a.
NEST nominal. No iurrhcr failures were announced
and by those acquainted with the trade none Is tN-
pscted TIE statistical position OF RIO coffee IS ral,
h.. ctr IMPROVEMENT
demand is lOOi.cd for within shoro time. re
visible supply Of Rio coffee, acco"iln& - me eek
statement of William scott * -9n. wa % - : ,
bags December Z. against SJ6,13O raSS Dtcem'ri
o 1879 The price wa 1914 cents for lar,
AGAINST IG and 1Gli cents las. year THIS price r"s
declined during the last week 70 II ctnts he d'-
vrres ot tne seapor duri q the week Will amount
TO about 900 bags, and the visible supply VIII
not now exceed probably GOO0U0 bags.
The course of the market ~ the last SIX months
has been steadily downward. During the GUNNER
the Inpr,s sion was general among caunirr dedeT'
that there was ring" IN TINS cay formed 10 au-
vance prices Buyers held alO0i from the market,
and Though Ju!y and the TWO following months tire
deliveries were small. The distribution III these
mouths was b. follows July l3i69l bag Angus''
| Prices advanced from III cents IN Nav
aud 70 cents in July to l3'l cents ri IN
August and iG cents IN Septemb,r. Ihe
combination then fell apart, and prces dropped ia
If cents in October and 13 cents IN Novemhcr and
to u cents III the last week. Bat the distribution
largely increased, rcachnE ~ Ot.2Osrr ~ 80
-. ,
er.cs durlng the week ended December amounted
! 70 81 3S1 bags. and last week 10 nearly Go0Oo
bags Great confidence IN higher p'lces Is lett gen
| cra.ly in the trade.
Fuilrr details of the history of the firm of Bowie
| Dash * Co. are rs follows:
The original partnership of IS # WAS known under
the name OF NIsuer& BuaEc!. gl0 et~. at No. Oid-
slim; afterNa ii beca ne Scott W"n"r, ana tnen
| scott Wsncf Il Coz remaining ~ O,d-sIp uLtil
! 1886. when 1t removed 10 10. ! ~ Pelrl-3t When
! Mr. Dash entered the par ncrship. March -, lSo2
| the name taken was Scott, Dash IL Co.. the mem.
| Lrrs being John NJ. scott. Charles II. Scott aud
| Bowie Dash. In 1864 John VI. Scott retired. his
| son, Charles Ill scott remaining. linen ihe
| firm was known as Scott Dash. Inc partnership
| was dissolved December 30, 1871. b. Claries Ill
! Scott's withdrawal ami Bowie Dash continue Il
manage the business on bis own account. rom wing
to No. 1876 Pear-st., the present situation OF Tho
Bowie Dash Vas then said to bc worth about
500. 900, and his accounts were considered good
| uy the trade. After Mr.. Dash had been alone iOi
! mere than three vcaT., Richard T.. Anthony, the
! present partner. who was ~ tlit time pOJ"hccpcr
| WAS ndnnited June %. 1871 aad the business was
! conducted under the name OF Bowie i)ash ~ 70
| Mr.. Anthony added 10 capital to he iiTm, nut NJ
! Dash VINO had operated Jointly viii DE- q. Arn0l'
| & Co. had made considerable money, aUd was nc
| credited with beng worth $3.50 600. Bowie Dasl
| 4 Co. bad established monopoly ~ ne Hud col
| fe.s and were considered among The largest d's
trhuing house, IN this city hey imported Ia' Sct'
| i'm their own name, and later operated with .. u
| kunball Il Co. and B. G.. Arnold y Go. III con
| tIolhuq the Java market. Their profits wer" con
| siderable aud their paper sold readily at q and
per cent Last year me I'm VAS SlI n GdH eS'i
| About three years ago tho syndicate above men
| toned lost nearly T250,OOO On cargo ol cone
| through mistake of their agent, ana Bowie l)asl
! & Co had TO lose their share In 1878 and 1877
| ,hc firm made considerable money.
| OTHER BUSINESS IRCIBLES.
i F.. 49,, n.t..,.