The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-13

Delanster Wants Co Compromise Davis
Harvester Co. Fails.


MEADvrtis, Pa, Dec. Fit is understood
that Delamafer q Co. win propose to creditors
20 com promise for 50 cents on the dollar.
CLEVELAND, O.. Dec. i2.--The Davis Platform
Binder Co, manufacturers OF haryesters and
binders, today went into the hands OF a receiver
The assets are said TO be about $4,000, and the
liabilities about $4,000. The embarrassment is
declared 10 be only temporary and caused by
sfrlngency In the money market
New YORK, Dec. i2.-fspeeial l-Bradsfrea's
stock summary win say tomorrow: Speculation
this week WAS narrow and the professional
course Of prices Irregular. the decided depres-
sion being succeeded by hrmer tone and an adj
vanee OF values. IL seems that the street Is gem
orally In . waiting condition. Leading operat-
ors, who assisted In reducing the recent i'd
vance, have apparently stood aside
for the time being and on the 9TH
or hand. the commission houses seemed
unwilling to encourage much buying on margin
account by customers. The cause OF both cases
Is undoubtedly scarcity OF time money and a
natural besitsncy about conducting any exten.
sive speculation on the basis OF call loans Last
Saturdays uniavorsble bank statement naturally
created further manifestations Of stringency,
and at the opening Of the week the rates for
money loans were on a higher level,
rising indeed 10 one-quarfer OF
Ter cent per diem on last Monday. This, how
ever, was checked by prompt manner In which
the treaturys offer 10 purchase ss,ooo,o0o of per
cent bonds was accepted, which unlocked cor
responding amount OF money. Even more in.
auentiai was the news that some 100000
of gold had been shipped from Europe
and that additional engagements might
be expected, supplemented by the announce
ment that q meeting OF Western railroad presi-
dents was to be held In this city on Monday
next and that all interests were favorable to
radical and permanent adjustment of rates.
The increasing esse OF money tended 10 create
covering of the outstanding ''short' interes; and
led 20 q substantial recovery Of values.
Beck. Martin & Co.. brick dealers, assigned
today, with liabilities of about s1o.ooo and
assets 100000 Inability OF the firm 70 collect
money due them was the cause of the failure
There are also individual assets amounting to
$4,000 above individual liabilities. The liahili
ties are secured by good collateral, which can
not be Immediately realized on.
CHICAGO, Dec. PIP McGurn & Co, grain
and commission merchants, assigned today
Their liabilities are $1,000, and their assets
e25ooo.
KEoxuK, Ia, Dec. fs-The liabilities OF Coli
ser Robertson & Hambleton, wholesale grocers,
who failed yesterday, are now stated 10 be be
tween si75,ooo and seoo,oa The assets are
variously estimated at $4,000 10 $1,000. lndi-
ysdual investments in Western mining stocks by
members Of the 6rm precipitated the crash.
pogrLANp, Dec. i2-R. :. and f. W. McLcrsn.
proprjetors OF the Without springs. near this
city. made an assignment today. Their assets
are estimated nj sl2s.uoo and liabilities $50
The failure II due 20 mining speculzfioas.
putIApFLPHiA, Dec. f2.-FaTr s Frcuui. who
failed some two weeks ago, have settled With
their creditors with notes pASaD u SIX, Twelve
and eighteen months
IoSnoS. pee lathe steamer Lahn sailed
this morning with E5oi 900 of gold FOR New York