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Show The Keccut Failures. Chicago, 21. A New York special says thtj recent failures which have been announced on 'change thero from day to day, begin to ejteito some apprehension among the timid; but bound business men Wk upon these ;outbrcaks as the legitimate posteripts jot the last panic. The reasons lor them do nut lie deep. Men who were embarra.-sed then, but Miceeed-It-d in passing through the cri is a). I parently solvent, have been obliged 'to confess their weakness. Firms ! whieh failed during the p mic and ! received an ox tension have been unable un-able to meet t heir paper and their notes havo again gone to protest. None of these failures have resulted from transactions dated since last fall. To-day's contribution to the black list w.ls the old auction and commission house of Wilmerding A. Mounts. The firm once stood at the very top of the auction trade. 'Die explanation is that they have been receiving consignments of merchandise merchan-dise upon which heavy advances were required, and alter the goals were sold the paper which was given in payment had to be guaranteed by the auctioneer for a consideration of five per cent. This i always considered con-sidered .1 perilous business. The assets as-sets and liabilities are unknown. An early resumption is expected. |