OCR Text |
Show Kruatluleui Failure. New York, 24. Ferst, Frank it Co.'s failure has aitracted much attention at-tention in the dry goods trade, as the firm niiide heavy purchases here last moDth, claiming that it had $203,000 assets, while the liabilities were only $110,000. MoBt of the goods were purchased on sixty days' time, to date from September 1st, and yesterday numerous dispatches were eent by ciiy merchants to San Francisco to stop the pnoJs iu transit. A meeting of the principal New York creditors was held yesterday at 335 Broadway, at which twetty-live firms were represented. rep-resented. Dispatches were read giving giv-ing the main features of the failure, and it was the general opiuinn of those present that a representative should gf to San Francisco at once, to look alter the interests of eastern creditors. It was deemed best to consult the remaining re-maining creditors before deciding, and tiie matter was left in the hands ol Wood, of Wood A Co., and Tbos. S. Grim wood, one of whom will go. Nearly ali leading commission houses are creditors for amounts from $1,000 to $7,000. |