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DOLLARS AND CENTS. More Western Banks Have Closed Their Doors, AND MORE MILL WHEELS HAVE CEASED TO TURN. But It Is Believed That Bottom Has Been Touched-The Watch Makers Will Have a Rest-Nashua Shoe Shops Close -Signs of Returning Confidence in Business Circles. NASHUA, N. H., July 29.-The Williams belt factory shut down this morning. Work will be resumed Monday but with only one-third of the help. The cause is lack of orders. Moulton's shoe shop shutdown this morning on account of inability to make collections. In the two factories 400 hands are thrown out of work. HAMILTON, Ont., July 29.-The McNeil and Urban Safe and Lock Company, one of the largest concerns of its kind in the country, made an assignment yesterdao. Liabilities, $400,000; assets fully double that amount. CoVINGTON,Ky.,July 29.-The Farmers and Merchants' bank of this city closed yesterday, by reason of the present financial stringency, and inability to realize on its securities. Ex-United States Treasurer Nebeker is the president. LOUISVILLE, Ky., July 29.-The Pineville Banking Company at Pineville closed its doors Friday. It was considered the best bank in southeastern Kentucky. GRAND RAPIDS, Mich., July 29.-C. W. Chapin & Co.' private bank at Stanton, Montcalm county has suepended owing to the rush of depositors for their cash. Leather Company Assigns. MILWAUKEE, Wis., July 29.-The R. Suhm Leather Company, operating the Kinnicinnie tannery, assigned Friday to John J. Suhm, who gave bonds for $80,000. Run on a Brooklyn Bank. BROOKLYN, N. Y., July 29.-There is a slight run on the Brooklyn Savings Bank. About 100 peaple are in line. The run is caused by the action of the savings banks' presidents, Friday, requiring 30 days notice. The cashier says the bank is in good condition and all the depositors who demand their money will be paid in full. Discouraging Outlook for Watch Making WALTHAM, Mass., July 29.-Late intelligence regarding the situation in the watch making centres of the United States is far from the encouraging. All the American Waltham Watch Company's foremen have been instructed as to reducing their working forces. In some cases there will be a down of per cent. and in all 1500 be 50 thrown hands cut will out of work indefinitely. Of the hands who are retained a large number will have to look for reduced pay, 15 per cent. being cut off in some cases it is said. Letters received today from the Elgin factory report the situation even worse than in Waltham. Sixteen hundred watchmakers will be discharged there on August 1st and the pay roll of $120,000 a week will be reduced about one-half. There are 500,000 movements in stock there valued at half a million dollars. The concern is all right financially, having a surplus on hand of a million dollars of undivided profits. More Mills Shut Down. PITTSFIELD. Mass., July 29.-Hinsdale Bros. woolen manufacturers atHinsdale. will shut down tonight two of their three mills, throwing 150 hands out of employment. The largest order ever received by this firm was recently cancelled and the outlook is too discouraging to conat The third mill will tinue business five present. run days each week for the present, employing 100 hands. Mr. Hinsdale said this afternoon that he could not market the goods and was compelled to shut down. D.M. Collins & Co., who run a large knitting mill in this city, find business so slack that they will probably shut down their whole plant soon. New Jersey Savings Banks. NEWARK, N. J., July 29.-There was a slight run on the Howards' Savings Institution today. The officers says they have plenty of money to pay all demands TRENTON, N.J., July 29.-A run commenced this morning on the Trenton Savings Bank, and by noon about $30,000 was paid out. The bank has a surplus of $268,000. Steel Works Shut Down. BRADDOCK, Pa., July 29.-It is reported here that the Edgar Thomson steel works are to close indefinitely in all departments either during next week or the week following. Two of the furnaces were blown out Thursday, and another yesterday. This fact lends color to the report that the mill will suspend operations. The officials will neither confirm nor deny the rumors. Six furnaces are in blast, but 450 men have been laid off. Providence Mills Close. PROVIDENCE, July 29.-The Redman Manufacturing Company of Lafayette, engaged in the manufacture of Kentucky jeans, has decided to close all of mills part of during is reported August that and September. owners its It other mill in the town will soon follow suit. Western Publishing House Failed. PORTLAND, Ore., July 29.-Lewis & Dryden, the largest publishing house in
