The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1884-05-22
FINANCIAL.
Failure of the Pennsylvania Bank of
Pittsburg.

Failure of the PennsyIvania Bank of
Pittsburg.
PIrTTBURG, Pa, May 21.-The Pennsylvania
bank OF this city closed its doors at 1890 to-
day and posted the following notice: lowing
to continuous run for several DAYS we have
decided that it is wise for our depositors and
all concerned to suspend payment for the
present" There was great excitement. A
large crowd surrounded the bank and officers
were placed at its doors.
Oil opened weak at IS and under heavy sell.
ing prices dwindled to 68 IL, then rallied to ~
but broke again to SO at o'clock. On account
of the suspension of the Pennsylvania bank
the feeling is very much unsettled and panicky,
trade excited and disposition to get rid of oil
prevails.
More Failures i'm New York.
The failure of Brownell & Walker of IS
broadWay was announced at the Stock Ex-
change this morning. Mr.. Walker said that
they were busily engaged in trying to recover
securities fraudulently obtained from them by
customer in whom they had most implicit
confidence. He had since neglected to return
the securities to the firm and it was this loss
which had caused them to suspend.
Wall Street Notes.
Horace s. Taylor, of the firm of e. p James
q Co., bankers, So Wall street, died ia his
Office at noon to-day of heart disease.
AT the Office of Russell Sage to-day every
thing is quiet.
The Grant g. Ward Failure.
WASHINGTON, May 21,-Among the mort
cages filed here for record to-day was one BY
Gen. U. S. Grant to VIM. H. Vanderbilt, of a
house and lot on the north side of street, be-
tween Twelfth and Thirteenth Streets and an
other house and lot on Yer mont avenue. This
mortgage, it is understood, is security for a
note of $4,000 given by Messrs. Grant &
Ward.
Fish and Ward Before Court.
NEW YORK, May 21-James d. Fish and
Ferdinand Ward appeared before the Oyer
and Terminer grand jury to-day in response to
the subp9nas issued yesterday. The nature
OF the testimony given by them was not
divulged
The Boston Failures.
Boston, May 21.-At meeting of the
creditors of Henry Mayo & Co wholesale fish
dealers, to-day the firms liabilities were stated
to be $145. 900; assets $123, 300. No terms of
settlement were proposed and two week ad-
ditional time was granted to enable the fir N to
decide as to what offer they can make to the
creditors
The liabilities of Fl. o. Woodward & Co.,
fish dealers, are stated as about 1875 900. The
failure is said to be due to the suspension of
Barna 3. Snow q Co., the two firms affairs be-
ing mutually interviewer.
A Broker Disappears.
WASHINGTON, May 21.-Considerable ex-
pearance of Geo. 81. Lewis, an oil broker He
has conducted Syndicate" business and FREE
qHently paid 80 per cent per month on depos-
its. He is supposed to hold from 100000 to
$500, 600 belonging to business men and de.
pertinent clerks of all grades.
Ferdinand Ward Arrested.
NEW YORK, May 21.-Ferdinand Ward was
arrested this evening in this city by deputy
sheriff, in a suit brought against him by j.
Nelson Tappin, city chamberlain. Mr.. Ward
is held in 100000. He has not yet been
lodged in Jail, but is in the custody of the
sheriff.
The New York Failures.
Receiver Davis of the firm of Grant & Ward,
made application in court to-day for permits
sion to redeem bypothecated securities ont of
the general fund coming into his hands. The
matter was postponed for hearing at later
day.
Judge Donahue to-day granted an injunc-
ton restraining VIM. S. Warner from traus-
ferring, pledging or in any way disposing of or
impairing the value of property transferred to
him by Ferdinand Ward on May 7, 1884.
ALBANY, May Blank Superintendent
| Paine reports that the liabilities of the
suspended Atlantic State bank of Brooklyn
will exceed assets by S240012. Its capital OF
$4,000 has been absorbed and there is de.
ficiency in its assets of $40,012 Superintendent
| Paine has asked the Attorney General for in
structions.