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LOCAL BUSINESS COMPLICATIONS. The Imperial Tobacco Cigarette Company, manufacturer of cigars and cigarettes at No. 58 Spring-st., made an assignment yesterday to Leo Stern. Emil Moonelis is the president. The company was incorporated in July, 1895, with a capital stock of $10,000, and was managed by Adolph Moonells, who was treasurer of the Consolidated Cigarette Company before it was absorbed. Jay C. Guggenheimer, the attorney, said yesterday that the assignment was caused by cancellation of orders on account of the war scare. The liabilities are $33,000, the nominal assets $4,000 and the actual assets $2,000, chiefly in machinery. A large amount of money had been spent in experimenting and on patents. Schedules of Francis H. Loss, dealer in house-furnishing goods at No. 33 Murray-st., show liabilities $15,918; nominal assets, $1,870; actual assets, $1,595. Joseph Jacobs, trading under the name of Jacobs Brothers, wholesale custom tailor, at No. 594 Broadway, made an assignment yesterday to Joseph I. Green without preference. Platzek, Stroock & Herzog, the attorneys, said that the liabilities were estimated at $40,000, the nominal assets about the same, and the actual assets large and valuable, consisting of merchandise and outstanding accounts. All the assets are intact, no goods have been transferred and no accounts have been assigned to secure any claim. The failure is attributed to poor business and inability to collect outstanding accounts, because of the peculiar nature of the business of dealing in cut-up cloths in pieces and ends and selling the same and leaving them on consignment in various parts of the country. On account of the depressed condition of business, he was unable to make sales or procure orders. The business was started in 1885, and a large trade was built up. On December 18 A. Jacobs, the other partner, died, and the assignor has since carried on the business alone under the old firm style. The F. Foehrenbach Company. manufacturer of pickles at Nos. 440 and 442 West Forty-sixth-st., made an assignment yesterday to Peter Mueller. The deed was signed by Francis Foehrenbach, president; Michael Foehrenbach, vice-president, and Francis Foehrenbach, secretary. The business is one of the oldest in this line in the city. The Sheriff took charge of the factory on April 22, on executions for $10,550, and Myers Goldsmith & Bronner have taken out a writ of replevin on behalf of the Central Park Pickle Works for $750. Justice Scott, of the Supreme Court, has appointed A. A. Forman, jr., receiver for Beeching & Co. (corporation), manufacturer of vault and area lights at No. 209 East Nineteenth-st., on the application of William F. Koerner and Thomas Foley, directors. The liabilities are $3,687, nominal assets $4,621, and actual assets $2,291. The company was incorporated on April 19, 1897, with a capital stock of $5,000. Matthew Koehrner, president, and manager, died on February 23 last. Thomas B. Odell has been appointed receiver for the firm of Schwab & Lindau, dealers in music and musical instruments at No. 724 Tremont-ave., by Justice Daly, of the Supreme Court, on the application of Leonore C. Lindau, against her partner, Josef Schwab, for the dissolution of the firm. Mrs. Lindau started the business in December, 1895, and the present partnership was formed in August last. Edward E. Gedney yesterday confessed judgment for $13,896 in favor of Francis Higgins, as receiver of the North River Bank, on a balance due, with interest, on an accounting. On November 12, 1890, Mr. Gedney owed the bank $35,824. He has since paid off $28,762.
