Omaha daily bee., 1889-09-09

the end. The president was advised to re-
duce his dividends. and to apply some Of the
money to the indebtedness OK the company,
but he did not heed the, advice. Some
idea OF the value of the stock as an invest
ment may be judged from the fact that in
the last nine years IL has paid dividends
aggregating 1875 per cent. y'Ihc New England
banks are generally represented In the list of
creditors, those of Boston holding S225,000
worth of the paper. The local and state
banks all carried large blocks of the paper
one year ago but they began to unload
quietly, and by reducing the volume of paper,
now hold in the aggregate but $3.50, coo worth.
Tho total Indebtedness of the company is
given by President Il. =. Taft as 81, 200 600,
and the quick assets he places at 5000, 900.
The plant is valued at $l,000, 900, and he
thinks that the creditors, II they are patient
and show leniency, will be paid in full. All
the other cotton mills are making good
money. Those which have felt the blow
labored under one difficulty. They were
doing too great a business for the capital in
vested, a1d this made them free borrowers,
and caused them to put out considerable for
interest on the loans advanced. Business is
too coed for many more large failures. The
Ponemah, with which Mr. Taft is also con-
nected. paid stock dividend of 33h per
cent within year, beside paying large regu-
lar dividends. The plant Is worth $1,000, ,0O0.
Boots and Shoes.
BosToN, Sept. 1.-The market continues in
a steady position, with the factories gener-
ally busy or heavy goods. More duplicate
orders are coming forward ana the outlook
for good fall business appears favorable
The buyers in town are generally devoting
their attention TO fall goods, but some sam
pie sales of spring goods for next year have
already been made. Spring samples are gen.
orally made up aud ready to be shown but 1t
is yet too early to expect much business.
The shipments show an increase of volume
although they represent more small parcels
than usual
The shipments of the week foot up to ST.
500 cases, against 70, 963 cases last week and
S3,536 cases for the corresponding week last
year The total shipments since the first of
the year foot up 2,2l7,S35 cases, against
2,2lO,725 cases for the same time in 1898, an
increase of 3S,ll0 cases for the business of
1889 Among the western towns to which
over fifty cases were shipped during the
week are the following:
Omaha, 5O7; Des Moines, Ia. 143; Dubuque,
Ia, 133; Davenport, Ia, 1876: Denver, COL,
LOG; Dayton, o., 1Ol; Indianapolis, Ind, 4S5;
| Knoxville, Tenn, 625; Kansas City. Mo-,
525; Keokuk, Ind, 1856; Louisville, Ky, 1915:
Little Rock. Ark, 1893; Los Angeles, Cal,
Tenn, 2.o9U; Milwaukee, Wis, 724; Mime
apolis, Mimi. 466; Ogden, Utah, 81; st.
Paul. Mimi, 674; st. Joseph, Mo-, 362; Sioux
Falls. 5. d., % SiltLake, Utah. rs.
Shoe manufacturers continue to receive
enough orders TO keep them actively engaged,
some of them being compelled to hire extra
help. Shoe workers are practically the only
disturbing element in the New England la
Dor world at present. and as their grievances
are generally caused by disagreements on in
tricate price lists, u permanent settlement is
often hard to reach. The North Adams op
eratives are again idle, whether from their
own voluntary action or by order of the
union, is not stated. Iron Manufacture
show signs of improvements and an active
fall trade is expected. The iron and steel
mills are having ali the business they can
handle at present. and are adverse to taking
future orders at present prices. Manufac-
turers generally are of the belief that prices
will be higher before long.