The farmers' union. (Memphis, Mo.) 1891-1895, 1893-08-03
FINANCIAL AND INDUSTRIAL

Money Il pilins up In the banks of Chi
ca.n Financiers OF the city are greatly
encouraged. Feeling In the stock market
is confident Street railroad shares par
ticuiarly firm. Wheat advanced cents 4
buSheL. Exports were heavy, $4,000 BUSH
els and G1.00o barrels Of -four. Corn made
about the same advance as did wheat
Coultry news and country buying fur
nished the impetus. Provisions shared the
upward movement of grain. Lard showed
a gain OF % cents and ribs of - cents u
hundred.
The attempt to cover a little short pork
at Chicago jumped the price very quickly
60 "a barrel from SO 50 to Sol. %, closing at
$50 so.
AT indianapolis. the Indianapolis Ma
tional Bank and the Bank of Commences;
at Milwaukee. the Wisconsin Fire and Ma
rine Insurance Bank: and at Louisville,
the Merchants National and Louisville
Deposit Banks suspended tuesday morn
ing. This makes four Louisville banks
that have collapsed in three days In each
case The depo~i,ors will be paid in full. al
though the stock holders may lose consid-
crably.
The reported failure OF the Interna-
tionai Trust Company at Denver is untrue.
The company, as trustee under Il second
mortga &c. has simply made formal party
defendcnt in the suit for u receiver for the
Pueblo City Railway.
The Obermann brewing Company. OF
Milwaukee, involved in the suspension OF
"Mitchell's bank" made an assig lment to
protect creditors.
The G. Il, Hodgeman Manufacturing
Company. one Of the largest concerns in
Co
Vile. Pa. railroad contractor; and Ripley
& Bronson. iron merchants at St Louis.
made assi-
The Plainview tNeh) State Bank
which was burglarized of $1,000 in cash,
has suspended
The National Bank Of the Common
wealth and the Bank OF New England al
Manchester. N. H.. have suspended.
"A New York report says that Grand
Master Workman Powderly Of the knights
OF Labor. has resigned, and that James J.
Linehan, President of the Trade and Labor
| Assembly Of Chicago. Is likely to be hi,
successor.
Tho extensive woolen- mills OF Scatch.
| ard Bros, Philadelphia. which have beer
| giving employment to about two hundred
and fifty hands, have shut down indefni,el,
| owing to the depression III trade TIL,
firm has been In business for over a quartz
| Of IA century. and this is the first time tina
| operations have teen suspended in tn,
| mills
| The failure OF II l. Nicholas & Co.
! members OF the New York Stock Exchange
| was announced Wednesday aftern DON
| The firm i, composed Of II. l. Nicholas
| John d. Nicholas, Walter C. Taylor an,
| Marcus Mayer The firm considered
! quite a prDminent firm in stock eXchanS,
! circles
r. G. Dan & Co 5 weekly Review 0
| Trade says:
! This week the country has stood surprs.
| inGly well an extraordinary strain. The
| failures of many banks and firms have
! come despite the rela in Eastern ans
| in some Southern and Western money mar
| kctSA Denver banks were overthrow
| largely by the crazy wisdom OF the people
but in most cities statements show Thu
! banks in healthy condition, and tner
has since been noticed more readiness {,
| extend accom- cd a, ion Under ali the con
| ditions il is astonishing that business ha
! been so we'll maintained with SO little evi
| GenCe Of unSOundneSS