The farmers' union. (Memphis, Mo.) 1891-1895, 1893-08-17
FINANCIAL AND INDUSTRIAL


Chicago banks have ordered $3.50. 600 more
gold ln order to carry on New York bGs!-
ness Clearing -house s,ateme nts show a
de cided In crease for The week o: g. per
cent Eight cities N the United States
show an increase. Contrary 10 eXpecta-
tions stocks have rallied on the New YORK
Exchange. and some of the leading securi-
ties scored advances ranging from ) 10 ~
per cent
-Bromlay'S wur,ted good, mills at Ihila-
dclphia have closed. throw in- >. 00J persons
out Of employ mcnt.
1t is said that resumption OF col. GER
tificates "ili not be made until the free
gold reserve stands ut 5000. 900
1t i, now SAID that the failure OF the
Indianapolis National Bank was caused by
the queer transactions OF President Theo-
dnre II. Haughey. Nc is ALLEGED to have
made unsecured loans amounting to S>3>.
coo to relatives and church friends.
between six hund,ol and seven hum
bred coal miners at LeNin -ton, Mo, have
laid down their tools out OF sympathy for
their Kansas brethren.
The American Sheet :Iiil. Phillipsbur-
y. J.. one of the largest iron Industries.
after being closed down nearly two months.
resumed operations Monday with enough
orders to keep the mill going steadily With
its day force
- retnsylvania iron mllers have in
strur'ed their surcrintendents to employ
none bat Americans hereafter
The East CHICAGO Iron and Steel Conn
| pany has made an a>signment Assets are
| said to far exceed the liabilities
-Spielman & Co. OF New York. creditors
! OF J. II Walker & Co. OF Chicago al
| ~
the firm In IA suit to recover their goods.
| john Johnston. cX-cashier OF the Mil
waukee Fire and Marine Bank has made
| an assignment to protect his creditors
A re 'ever has been appointed for the
| Indianapolis Cabinet Works. OF confession
| OF its president hat it Is insolvent.
The directors o; the Lchi-h Valley
Railroad. in view OF the default OF the
| Reading Railroad Company bills due.
dissolved the lease OF the road to that cor
| poration
| The report that the Bank Of Mapleton.
| Mimi. had suspended was incorrec;.
| -Ferdinand Schlessinzer has transferred
| mine TO his creditors. who will work the
| property until they realize 100 cents on the
dollar. after which they are to hand the
! property back to Schlessinger.
| -Geor-e Speu Ger has been made receiver
| OF the Union improvement and Elevator
| Company and the Lake Superior Elevator
Company OF Duluth.
On the recommendation Of the Clear
| ing House Committee the Madison Square
Bank Of new York has concluded to close
its doors temporarily
| Flint glass workers will adop. the plan
| OF accepting partial payment Of wages.
ailowin, the balance to be placed to their
credit on their employers boss.
| A. d. Baker. proprietor OF the South
| Bend und.) Wagon Works a, Mi,hawaNa,
| has made an assignment Liabilities. Sl2O-
| coo; a sets, $50 coo.
| r G. Dun & Co.'S Weekly Review o.
Trade says:
! decentralization in the speculative mar
kets has been followed by more healthy
tone. and heavy imports of gold inspire
hope that the monetary troubles may
abute. The week has been one OF SUR
prises Enormous liquidation In wheat
brought the lowest prices ever known ne
crash OF the pork ring took nearly $40 from
the nominal price Of that product III an
hour and caused several failures for mill
ions each. Extraordinary depression in
stocks. and slaughter which included
some Of the best. were quickly followed by
| bear panic and sensational advances
| Meanwhile in the money markets there
| has come singular sense OF relief. not
| withdrawing an actual increase in pres
| e,t eulbarrass:ncnts. almost amounting T.
| paralysis OF exchange between the chic
| commercial cities. and OF many industrial
| WORKS. because rer cent for currency
fails to secure what i, needed for the pay
ment OF wages Hopes are nevertheless
| ned on the ships bringing over Sill 000, 90
gold across the sea, and on the extra SEES
siu.i OF Congress