Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-19
BUSINESS BREvITIES.

THE colleries in the DIahony City district
shut down yesterday until further notice.
BERTHA NJ. WURzBEReER, New York dealer
in jewelry and diamonds, has assigned, with
preference of 81, 500.
DETROIT vesselmen are much alarmed at
the low stage of water now in the river,
which makes dredging necessary.
THE insurance law proposed by the
French Government is understood to be
aimed against American companies.
CLAUS SPREoKELs gave his usual emphatic
denial yesterday when asked if he had fin
ally concluded to join the Sugar Trust.
DEVELOPMENTS at the zinc shaft being sunk
at Rocktield, Ind, indicate a rich deposit of
zinc ore. The mining fever is running high.
THE Chicago Smoke Abating Company has
been re-incorporated under the name of the
Anti-Smoke, Pneumatic and Power Com
pany.
F. W. WHEELER & Co., owners Of the Bay
City shipyards, tell their striking employees
they must return to work by Monday or
their places will be filed.
THE Lower House of the Danish Rigsdag
has fixed the duty on wheat, meal and rye
meal at $50 oere per 100 kilogram, and on
whole wheat and rye at l25 oere.
THE Peoples Savings Bank, Of Atchison,
Kan, which failed IA months ago, will finish
paying its depositors in full by paying them
the last installment of 90 per cent.
ARRANGEMENTS are about completed for
a meeting of the stockholders of the West
ern Farm and Mortgage Company, in New
York, the latter part of next week.
FIFrY-NINE iron mining companies have
been incorporated in Minnesota up to date,
and all Of the new range has not yet been
taken There is a lively business in mineral
leases.
CHRISTIAN J. SIEvERs, of the Sievers Card
son Hardware Company, of Louisville, is
S25, 900 short in his accounts. He has turned
over all his property to his associates.
The company, with assets at $200,0C0, has
gone into liquidation.
THE National State Bank at Logansport.
Ind will refuse to pay its taxes under the
new State tax law. 1t is understood that
this is an initiative movement on the part of
the banks of the entire State to resist the
collection of assessments.
THE Bank of Portugal is making arrange
ments to assist several banks, to the weak
ness of which the financial crisis in that
country is due. 1t is proposed that several
of these smaller banks form themselves into
one financial institution.
THE weekly New Orleans cotton Exchange
crop statement shows an unusual heavy
movement, which exceeds the most sargu-
inc expectations. The increase during the
past week was q, 7,5s9 bales over the seven
days ending March Is last year. The leading
feature of the week was the large overland
crop, which shows gain of 22,6S2 over the
same week last year.
The Cleveland Iron Mining Company, the
Lake Erie Iron Company and the Pittsburg
and Lake Angelina Company have signed
contract with b. C. Howell, of New York,
who is pumping the water from Lake
Angeline, u large body of water in the Lake
Superior iron region, under which each of
the comDanies has q large bed of ore The
depth of the lake Is 43 feet and the estimated
amount of water is $50, 000, coo gallons. The
contract calls for the completion OF the
work in five months.