Telegram-herald., 1890-12-14
MORE FAILURES.
4 Big Manufacturing Company II
balglmoge Assigns.
Llasslstiss Of $500 ooo- nesssrs IN
k;4ChsnsFy a. PhilAoelphiA SIS
pend Other cel!spses.

BAkrswoex Il Dee Is Tas fan.
IRE of ths Dralz Nails AsnQt&ctUrlng
Cs@pauy. whicA AS snEoaReed frlasy.
was nes altogether surprise 20 tbs
trade. II las sssA expected for sesne
a0nIh& Af. = klpsltk MlGsE.
lac Trustee. gave bsR1 Ia seoo. 80, IL
dleaung assets a. half tkAt amount
he liabilities are estims ted ~ fsom
ss8o. 9oo 10 s5ga. oQa TIE plant i TIE
most eomp.ets ia ne country, ana the
eotton 6ack manufactured there is tie
nuest IN the Norld.
PHILADELPHIA. Dee. ls-Mr Prank
II Welsh, II the firm of Welsh 4 Lea.
manufacturing mEchinlsts. against
whom an execution was on Friday en-
tered upon a judgment nete for $50
Ooo- said that the firm had made gen
eral assignment for the benefit Of all
creditors, and that by the advice
OF counsel no other Information
would be given at present, as 10
might jeopardize other interests. The
reasons given for the failure We're that
business has been very dull for s0me
time past, and that the firm has been
unable 10 make collections No state
ment OF assets or liabilities can be made
at present. The hgm claimed capital
Of 500. 900 in the business. They eN-
ported hardware. hard wood, wooden
ware and machinery from New York 10
all points in the world.
CLEVELAND, o., Dec. l3.-The Davis
Platform Binder Company OF this city
on Friday went into the hands OF A. ii.
johnson as receiver, and the assets arc
said 10 be about 500, 900, liabilities about
$50, 900. The embarrassment is declared
70 be only temporary and is due 10 poor
collections and inability for the last two
months 10 secure the usual bank accom-
modations on account of the stringency
in the money market.
MEADvULK, Pa. Dec. 13.-lt is said
that Delamater & Co, bankers. who re-
Gently assigned, viii on Monday make
a proposition TO their creditors 10 com
promise by paying fifty cents on the dol
lar. The payments viii be twenty coats
in cash. ten cents in one year, ten cents
in two years and ten cents in three
three years, with 4 per cent. interest.
This viii undoubtedly be accepted.
NEW YORK, Dec. 13.-R. G.. Dunn e.
Co. S weekly review of trade says that
the business outlook is more hopeful,
but the recent disturbances and con-
tinuing uncertainty are felt in reduced
volume of business, which, though
lightly larger than a year ago, no
longer shows the material increase un-
til recently maintained. Treasury pay
ments for bonds do not yet appear in
statements of cash, which show no loss
for the week The most significant
fact is that very large proportion
of the money was taken in gold 10y
the sellers of bonds, presumably
for withdrawal until uncertainties
about silver legislation have passed.
The commercial troubles outside of
monetary stringency are mainly due To
excessive purchases made in anticipa-
ton OF a great rise in prices. Those
who made such purchases in the belief
that in spite of the expected higher
prices and the short crops consumption
would be as great as ever find them
selves embarrassed by distinct shrink
age in the distribution of products TO
consumers.
MONTREAL, Can, Dec. 13.-J. NJ.
Duchene &c Co., dry-goods merchants of
Quebec, have been compelled to assign
by reason Of the failure of Tkibaudeau
Bros. The liabilities are large. Several
small failures are reported here. The
Dun-Wiman agency here reports a con-
siderable increase in failures in Canada
during the last quarter, as compared
with the same period last year.