New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-12-09

Brown Brothers & CO.. 1882 bali chests Oolong
TEA by Norfolk kleinwort. Cchn a.
102 bags of coffee by Hipparchus, 20 bags oil cpuee
bv Berhr aud 1875 bags OF coff' by Nasmyth !;
Nevada Bank 81 San Francisco 2,Oo2 bags O. con u
10y Berlin, 2.005 bags of conec Nv CitF Oh ." :,
6O7 bags OF coffee bg La>sel 3O3 bags Oh c"nse oF
Archlnedes 252 half-chssls O'iong tea oy 1alle,
so half chests green tea and l.4o9 ha,s cles, 49,.
Formosa tea by Gordon Castle ana $40 nan enTaF
green ten hy Norfolk Phelps, Sio@es C";t loO
bags Of coffee by IycO Bfahe, $50 bags o. conee uy
Berlin 2 800 bags of coli. by NaHmytn' oO' ot ,
of coffee by CRY Of Rio, 3s2 hait ehe7' 900 bags
by FleUr Castle; Wright. Brown ~ Oo'' ~'VVV ''e'
OF coffee by CITY of Para.
COMMENTS on THE FATLCRE.
Several merchants called unon BOWIE Dasn :"
Co., Yesterday and offered pecuniary assistance 70
the firm. but all offers were declined as unneces-
sary as the members of the firm claimed not to De
IN anv way embarrassed. nor do they expect TO De-
In WAS stated that Bowie Dash Il Co. had in
dorsed large amount of o. G. KimbalPs paper.
and that the present situation Of Mr. kimbaPs
affairs lett Bowie Dash & Co. undecided as TO
what action thew would better take. y. =
Christensen. "A former member OF the hrn OF IS ".
Aruold a Co., and ar present cashier 81 the BANK
of Nevada, called upon Bowie Dash IL Co, ana
spoke highly OF Mr. kmbaIl, with whom ne was
intimately acquaint ed He aided that Mr.. klmba
had stated that he worth c4OOOOO over ana
above all MS Ii bilities Mr. Dash SAID thar he nld
not think Sir kimball worth that amount, Dut
bel eyed that his assets were FULLY 12Uo,ueO ABOVE
all liabilities. and he considered MI hlmbalFs ac-
"
Jo6n F Pnnie. OF Pnpke & Reid, SAID yesterday ::
" Ii the liabilities of G. b. Arnold & Co. are below
81 600, GEO. his stock ought To cover them unless IL
has .eeu hyp0j heated tor they AWAY carried "a
larpe stock of coffee. The firm has been IN the
habit OF making c0nsl2nments To large dealers ~
the West tor the purpose OF controlling tIag
market ana has drawn against them. They would
take any price they cou gee and thus otner nj rs
could not compete tor the business. our hrM anu
Mayer Brothers are the only large dealers I'd lhis
city who did moi follow this practice. / DeueYe Tue
4aItu ,y1ll fO "A
coffee III the end, but Just now the trade Is
stagnant and nobody cares 10 90 ahV
business. he story of the la ure as pun
hshed In TaF TRIBUNE this morning was very
correct and gave the exact situation OF Affairs 90
noe think the failure VIII ,fecL any oIher n'Ss
and believe b. u. Arnold q 90. VIII pay 11VO
cents on the dollar and have margin let. MI
.Kmball bad no partner, although ne dd business
unqer the name ct ~ a. h'm Do ,ufo T I5e
hands Of executor. thus consuming mucD
time the settlement OF the estate BOWIE
Dash 4 Co. have done large distributing trade,
wnle Is. q. Arnold X Co. have done large JoO6lng
trade. When tne difficulties are all tlded over there
VIII be "a oetter lee.lng IN the trade ana all wul
get u chance 20 sell at a fair margin. Al preseni
there sales the trade Is paTai> zed, put the
trouble Is regarded As only temporary.
Another merchant SAID: " The year has been re-
markable tor the extent of the Operations IN coffee
Not only have the old and legitimate importers I'M
ported laig quantities, but the JoOOefs, Whc were
formerly cOnton' to buy OF the importers ahg maze
tueir LalfCent Frut. have also Imported coffee az
rectiy. The result has been, therefore, tnai inc
regular importers have found themselves with
large stocks OF coffee their hands ana declining
market The mportations nave been far ABOVE the
actual consumption and tue operations III the Bra
zlllau cofer crop, Amounting TINS year to nearly
1900, 900 bags, have been Immense lhls accuhu-
latiou OF Stock and decline ~ prices have resulted
IN great losses. hen again there Was an effort mace
two wears ago 10 form a combination among
the 10 bes discontinue business thr ugh brokers
and thIs save tue brokers fees Out this was unsuc
cessfu because OF the jOubers declined 10 sigl
the paper MI Arnold was leader 10 tuls move
.frrr.f Nr.fa. fIfrtr
tnu-d 10 b. ina pendent of the brokers, aud many
tunes undersold IL orGeT 20 DE eat them