The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1893-08-04

Denositors in the savings banks do not
feel anv uneasiness and there are but few
calls for money In all the banks it is
stated that the outlook is bright. The
Essex hank has just secured 100000 in
gold in Europe and it is now on its way
across the ocean. -
Craighead & Kinty's factory at Ando-
yer, which has been closed Tor month
is opening up and will be running on full
time next week.
Smit, e. Doyer's mills at Andover will
close tomorrow night for an indefinite
period. throwing out 100 hands. They
manufacture twine.
VIII Shut Down for Two Weeks.
Dover. N. H., August 3.-Notiees were
posted in the Cocheco print works this
afternoon that the works would shut
down August 12 for two weeks or more.
Railroad Men Discharged.
Omaha. Neb., Aug. 3.-One hundred
clerks in the Union Pacific offices were
discharged yesterday. This step was
taken to reduce expenses during the
present dull state OF affairs. Vice Presi-
dent Mink said the Union Pacific was in
the same condition as all western roads
and, while he did not anticipate the ap-
pointment of a receiver, the traffic was
very dull at present,
Sioux City, Aug. 3.-An important re-
duction has been made in the working
forces of the Chicago, Milwaukee and ST.
Paul, and the Illinois Central roads in
this part of the country
Hartford, Conn, Aug. 3.--The New
York and New England railroad has dis
charged 125 section hands along the line
of the road and 45 or more men employ
ed in the repair shops at East Hartford
will be discharged tomorrow.
Wages Cut.
Stamford, Conn, August 3.-The Yale
& Towne Manufacturing Company, man
facturers of Yale locks, hardware and
hoisting machinery, gave notice tonight
of a reduction of wages and salaries of
ten per cent during the continuance of
the present disturbance of business. The
works of the company will continue to
operate in all departments, probably
with some reduction in force and work
ing hours.
Ruined by Pork.
Chicago, August 3.-A. w. Wright,
provision operator on the board of trade,
LIDS dSSlSucus ll1c ltttCIAcy Sdlu Jlldu W
his knowledge the assignor had no realty
be worth $750,O00 to 1851, 100000 year
ago. This is all believed to have been
absorbed in the gigantic deal in pork
which he had under manipulation when
his resources were exhausted.
Depositors Unre1enting; Bank Closed.
st. Paul, August 3.-The National
German Bank of St. Paul will not open
its doors tomorrow. Joseph R. Tuckey,
the president, issued an address this
evening in which he says the bank has
ample assets to meet all liabilities, but
when the temper of its depositors is un-
reasonable and unrelenting, no other
course but temporary suspension is possi-
BILE. The banks last statement, pub
lished July 12, places its resources at
$5, ,4SS, ,658 and liabilities at SO, 300,00
Couldn't Collect Accounts.
Philadelphia, Auggst 3.-The Phila-
ny assigned today. Inability to collect
outstanding accounts is the cause of the
embarrassment. A statement of assets
and liabilities, which are said to be
about even, is being prepared.
Plant New and valuable.
San Francisco, CAL, August 3.-The
Union Stock Yards Company of Rodeo
Contra, Costa county, has suspended op-
erations. The cause of the suspension
was the inability of the packers to con-
tinue under the existing financial condi-
tions. The plant is new and valuable.
In Accordance With Agreement.
: South Framingham, Mass, Aug. g.
The birmingham Savings bank and
Farmers and Mechanics Savings bank
have availed themselves of the thirty
days notice law. This is not due to any
local effect of the stringency of the
money market, but is the result of an
agreement among the savings banks
throughout the state.
Lazarus Si1verman suspends.
Chicago, August 3.-Lazarus Silver
man, private banker, suspended today.
Liabilities $500, 900; assets in excess Of
that amount and $4,000 cash on hand.