The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-07-31
TROUBLES IN TRADE.
Manufacturing Company
Attached for S250,000.
FURRY ON STOCK EXCHANGE.


NEW YORK, July 3o.-Dispatches received to-
day say that the Suffolk Manufacturing Com
psny, of Boston and New York, has been at
taehed in Boston for s252, COO The company had
an oifics in New York.
The stock exchange was full Of false rumors
Today affecting the credit of banking houses
and commercial firms, and the free manner in
which the names of big houses were handled
caused great anxiety. It was believed by
many that there must be some foundation for
tne reports, and many holders OF stocks and
bonds threw over their securities. Union Pa
enc suffered most from the bear attacks which
accompanied this liquidation, and SOLD down to
os1z, or = below the lowest point Cotton and
other stocks were also affected by the rumors.
The Evesasng Sun prints the following in an extra:
For several days there have been whispers in
VAL street about the credit of . great Anglo
american banking rouse. 1t has been under
stood mat In consequence of its connection with
some outside enterprises the house has been in
very shaky condition. The house in question
Is one OF the oldest on Wall street, and its for
elgn house Is one of the largest banking houses
OF Lonoou. The first talk about il began some
months ago, when the bills of exchange of this
house were Disseminated against Then about
Two or three weeks ago il was understood that
the mouse was in trou Die and another large house
was helping il out It was stated that by to-
morrow il would be definitely known whether
OF not the house would pull through. Mr..
Dickey, oil the firm OF Brown Brothers q
Co, said he had heard of the rumor. at is
70 the effect that some firm was in debt in the
sum OF 100000, which they could not pay.
nat frm 1t Is whether there il any such
nrm at all, do not know" he continued. al
only know II is not our firm, aud that Is all
know about it The man or men who started
sucn ruinor ought to be found out and sent TO
lail LOT lie. such crime is worse than murder,
ana does the country more harm"
NEW YORK, July 3o.-John c. Avery, broker
In investment securities, made an assignment
today to Louis c. Wilton, giving preference to
Annie 4. Avery for $500 for borrowed money.
avery acknowledged the deed in Denver, July
%. Avery opened an Office in this city in June,
1889, and claimed to be worth 100000. He had
been engaged for fifteen years previously in
money-lending in the West, partic
ularly in Denver aud Kansas City.
He organized and was president of the Denver
Land Security Company, with an Office at No
10 Broadway. The capital stock was increased
at that time to 81 100000. The management, it
10 said, rested mainly on Avery. A year ago the
company claimed assets of s1,776,935, against
Liabilities of s1.446,c5o, of which 100000 was
capital stock 1t ID stated that the stringency of
the money market made 1t impossible to realize
promptly.
AUSTIN, Tex, July 3o-The attorney general
has fled an application for receiver for the
Texas Grand Trunk railroad. A suit is already
pending for forfeit of the company's charter
Tor failure TO keep the road in good condition.