St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-17
FINANCIAL MISCUES.
Slight Fail in Several Business
BarometerS.

PITTsBURG, Pa, Jan. 16.-There was
no change in the situation of the affairs
Of Westinghouse to-day. No more suits
have been entered, and no important
action is looked for until after the meet
ing of the creditors of the electric COM
pany tomorrow afternoon. 3aMr. West
inghouSe will be present at this meet
ing. and report upon the success of his
mission to the East to raise funds.
Much will depend upon his statements
and the report of the committee APP
pointed to look more fully into the af
fairs OF the company. There is dispo-
sition manifested by large number of
the creditors to aid Mr.. Westinghouse
in every possible way. and hopes are
entertained that he will pull through
without making an assignment.
EVANSVILLE. Wis, Jan. 16.-Freeman
Arnold, dealer in general merchandise
at Hanover county. assigned yesterday.
Liabilities from $4,000 to $4,000.
SYRACUSE, n. Y, Jan. 16.-Allen &
Co., of Buffalo. to-day send the follow
ing to all correspondents: We Will dis
continue trying to do business after p.
m. to-day. The load is too heavy to
work off. Will try to come to some un-
derstanding with all parties having
claims against the house."
ALLEN & Co.
CAMDEN, Jan. 16-Delaplaine & Horn
beck, lumber dealers and operators of
the large saw mills ON the Delaware
river in South Camden, announce theil
failure this morning. Liabilities,
$4,000.
DENVER, Col, Jan. 16.-The store of
the COnforth Grocery company, OH Law
renee street, near Seventh street, was
closed at an early hour this morning by
the sheriff. Attachments to the amount
of $50, 900 have been filed in the district
and country courts. The list is headed
by j. S. Brown 81 Bro. with an account
of $4,000; the Union bank was the sec
ond creditor to appear, and has an ac-
count of $4,000; Struby, Esterbrook q
Co. have $500 against the firm. Other
accounts range from 81 300 to a few dol
lars. The business of the store was for
many years conducted by Birks Con-
forth. but on account Of failing health
he sold out year ago to the Conforth
Grocery company for over $4,000. The
officers of the company are: Il. M.
Houghton, president; r. c. Lockwood,
vice president; L. G.. CulleSon, Secre-
tary and treasurer.
NEW YORK, Jan. 16.-The state in
surance department has investigated
the Fidelity & Casualty Company of
New York, and the examiners, in their
report, say: IF the company was to
wind up its business tomorrow, all the
policy holders of the company would re-
ceive 100 cents on the dollar, and all
other claims would be similarly met.
The only losers on account of the i'm
palrment would be the stockholders of
the company, who. instead of having
the full capital of s250.000 returned to
them, would each receive only their pro
rata share of the capital. minus the
amount of the Impairment, viz, $50, 49,
DALLAS, Texas. Jan. 16.-A. C. Pet.
RE & Co., who are dealers in lumber,
made an assignment this afternoon for
the benefit Of their creditors. Assets,
$4,000; liabilities, $4,000. The fall
ure of the two railro ids ofurnish trans
portation facilities for moving the out
put of the mill and the stringency of
the money market caused the trouble.