Article Text
Busy Times at the "Plymouth," Seventh and Robert, And heavy losses in all departments. to close out summer outfits before stock taking. THE LIST OF FAILURES. A Chippewa Falls Bank Among Those Going Down. Special to the Globe. CHIPPEWA FALLS. Wis., May 28.The Seymour bank, of this city, closed its doors this morning. Upou the door was posted the notice: "Closed on account of the stringency of the money market." It was a state bank organized in 1870. There had been a quiet run on the bank for some time, and it was not entirely unexpected. Immediately tollowing the close of Seymour's a run was started upon the First National and Lumbermen's National banks, but so far it has not proven serious. GREAT FALLS, Mont., July 28.-The First National bank closed its doors today on account of the suspension yesterday of the two Helena banks: Assets and liabilities are not given. PORT WASHINGTON, Wis., July 28.The German-American bank closed its doors this morning. The bank had been singularly unfortunate, having been caught in both the Plankinton and Mitchell bank failures at Milwaukee. L. Andier has been appointed receiver. There are ample securities, and depositors will lose nothing. MILWAUKEE, Wis., July 28.-The R. Suhm Leather company has åssigned to John J. Suhm, whose bond was fixed at $80,000. Caspar H. Kroeger, a real estate dealer, has made a voluntary assignment to W. T. Lochemes, whose bond was fixed at $8,000. PITTSBURG, July 28.-The liabilities of the American Iron and Tube company, which failed yesterday at Harrisburg, are placed at $1,250,000, with assets exceeding $2,000,000. The receivers appointed were A. S. Matheson. of New York, and R. C. Neal, of Harrisburg. The works at Middletown and Youngs, town will be kept in operation. WASHINGTON, July 28.-Comptroller Eckels is advised that the Chamberlain National bank, of Chamberlain, S. D., capital $50,000, individual deposits $15,000, failed today. NEW YORK. July 28.-The announcement of the failures of H. C. Averall and C. H. Connelly was made on the consolidated exchange just before 2 p. m. today. The liabilities are small. The failures are attributed in both cases to the decline in Sugar and General Electric. PORTLAND, Or., July 28.-The Union Banking company made an assignment today. The institution did a small business and the failure caused no excitement. FALL RIVER, Mass., July 28.-Within twenty-four hours there has been a great change in feeling on the part of manufacturers. The Weetamoe mill managers have publicly announced their intention to shut down four weeks in August, and led other men to follow their example. This morning it is reported that the Flint and American linen mills will shut down in August for a longer or shorter period, dependent wholly on the condition of the money markets. The mills are well able to meet all their obligations, but the directors feel that it is useless to pay 8 per cent for time loans to enable them to pay operatives' wages. Some of the manufacturers say they cannot get money at any percentage, and they
