The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1881-11-12
NEW YORK.
The Business Outlook.


New York, Nov. 11.-Dun Wiman & Co.,
report business failures throughout the country
the last seven days to foot up LAT as again
129 last week, an unusually large number. The
Eastern states had 113, decrease of 4.
Hill, Mojnau & Co., of New York owe $500,
900 or more. and have given preferences to the
amount of $4,000. Assets unknown.
Defence of the Bible Society
Rev. DIR. Alexander Mclean, one of tho
secretaries of the American Bible Society,
publishes to-day a general denial of the
charges brought against the American Society
by the committee of the Connecticut Bible
Society. Mclean says that it is not true that
theAmericanSociety people have been guilty of
financial mismanagement or dishonesty as has
been limited at. There was no attempt to con-
ceal anything from the Connecticut committee
as alleged and no under statement OF assets to
the extent OF half million as reported.
Robbsr Genet at Liberty.
Harry Genet having served his term of inn
prisonment was released this morning and
escorted home by large number of friends.
He claims that he was innocent of crime.
The Mutual Union Telegraph Company.
The Mutual Union Telegraph Company will
be formally opened for business next Monday.
On that day the company will be ready to re-
ceive messages to the principal cities in the
union, north of a line between Washington
and ST. Louis. About 800 offices. exclusive of
these on the Baltimore and Ohio railroad, with
which this company has contract, will be
open.
Lehigh Valley Railroad Company for he use
of its telegraph system and with the Brooklyn
bridge trustees for the cable of ten wiressupon
the bridge.
Il is asserted that they will take business at
ten per cent under Western Union rates.
Surrogate Rollins.
District Attorney Rollins declined to-day to
ona n the pouncpl in the oufiop
OF Guiteau on account of his having been
elected surrogate of this county.
Wall Street Gossip.
New YORK, Nov. 11.-Wal street reports
state that q rumor is current that the Wander
bilt lines, which advanct their fire. ght rates
from Chicago east last Monday, are taking
business at a reduction, and lower rates will be
made as soon as the business pressure is over.
There is no difficulty in obtaining cars at Chi
cago.
Il is understood that officers of the Union
Pacific and Pacific Mail Companies were in
conference yesterday upon the subject OF new
contract.
The advance in Burlington and Quincy and
Illinois Central has been caused by covering
shorts
Secretary Folge ris expected to issue call
for continued skies early next week. The re-
port that money was sharp atisix per cent. yes
terday brought heavy offerings from banks.and
trust companies.
The Rome WATERFOWL and Ogdensburg Com
pany is considering the subject of bridging the
Niagara River near Lewiston. 1t proposes to
connect with the Great Western by a branch
eight miles long.
A good demand is reported for old Mexican
bonds. Twenty-Five dollars was bid yesterday
for the Coriss & Woodhouse issues. There
is said to be fair chance for the bonds being
refunded, as american railroad companies
are anxious TO maintain Mexican credit for the
protection of their own concessions. The for
eign demand yesterday was light, although
money was easy in Paris and London.
The banks report an unusual demand for
small bills. A growing disposition to increase
circulation is manifested.
A Boston operator is said to BIO short of Gin
cinnati, Sandusky and Cleveland
1t is reported that the New York Elevated
Company will bring suit against the Metropol-
itsn Company on the ground that the former is
entitled TO one-half of the Metropolitan struc-
ture between Fifty-third and Eight-frst streets
1t is claimed that the bonds yielded 500, 900
per mile more than the cost of the road, and
that the New York Company is entitled to half
this amount.