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BUSINESS FAILURES.
Compiled from the Philadelphia Ledger and Other Sound Money Journals.
PITTSBURG, PA., Nov. 20-The Joint Wage Scale Committee of Window-Glass Workers and Manufacturers has adjourned after a two day's conference, without having reached any agreement. The result of this failure means the continued idleness of 15,000 men through-out the country, who have already been without work for the past six months. The manufacturers presented their ultimatum, which was to resume work at last year's scale, which is a general reduction of 15 per cent. on the net list. The workers proposed a compromise, reducing their demand from 10 per cent to 7 per cent. advance on single strength blowers and from 5 per cent to 3 per cent. on double strength. This was refused by the manufacturers.
PHILADELPHIA, Nov. 20. Mrs. Rosa Gerson, who conducts one of the largest retail millinery store in this city, confessed judgment today amounting to $89,000. Executions were issued, but no assignment has yet been recorded.
The First National Bank, of Sioux City, Iowa, closed its doors on the 20th. The officers assert that all claims will be paid in full.
The B. B. Richards Lumber Company, of Duluth, Minnesota, has made an assignment; assets, $543,100, and liabilities, $295,000.
The Probst Construction Company, one of the largest contracting concerns in the country, made an assignment in Chicago on the 20th.
A. T. Hatch, a fruit grower of Suisun, California, is in financial difficulties. A suit for the foreclosure of a $200,000 mortgage on his ranch has been begun.
There were 308 business failures in the United States last week, 50 more than the week previous.
Blumberg Bros., of Westminster, Md., have assigned.
Fielder G. Jones, a grocer of East 21st street, Baltimore, Md., has made an assignment for the benefit of creditors.
On Monday Mabley & Co., one of the leading retail clothing firms of Detroit, Mich., filed a chattel mortgage for $150,000 to the Union Trust Company, as sureties for their creditors. A blanket mortgage covering the entire stock of clothing, boots and shoes, men's furnishings, etc., was also made to the same company. For a number of years they had a large store in Baltimore, Md., known as Mabley & Carew.
SALISBURY, MD., Nov. 23.-C. E. Harper, jeweler, executed a deed of trust today to H. L. D. Stanford for the benefit of his creditors. Assets, $2,000. Liabilities, $2,000.
The Ohio Iron Company's furnaces and rolling mills, in Zanesville, the largest iron works in Eastern Ohio, shut down Tuesday owing to lack of orders.
A Concord, N. H., despatch gives a list of twenty-two savings banks of New Hampshire which have failed in the last eighteen months, with deposits of over $17,000,000, and says that of this amount $4,500,000 will be lost to depositors.
The plant of the Streator, Ill., Street Railway Company has been closed, owing to the foreclosure of a mortgage for $160,000.
The Davies County Savings Association, of Gallatin, Mo., has assigned. Liabilities, $109,000; assets about $169,000.