Show FINANCE AND POLITICS bleary haai failures convulsion in ili the file coffee market 11 arket LIND I 1 0 0 steamboat boat men combine to enforce the provisions of the interstate inter state Com commance mArce bill by As A d pre to the me dickau ilk Dic nAU rAI FAILURES LURES coffee dealers go down la in chicago market convulsed Conval ted NEW june 12 the failure callum of B G arnold co coffee merchants is 18 announced tho tile market lias has just declined 0 points further and is is i very cry a active act i V ea excited and nd panicky more 1 U aro are ex expected to follow B UG G arnold was v as the originator of the coffee I 1 exchange and the first president he lie was formerly of the firmon firm of arnold sturges A co the largest coffee house in in the united states the hie failure is is supposed to have been cawed caused chiefly by the inability of his houses to remit margins in in time the liabilities are stated above ono one million and new cw york banks are baid to bo be heavily involved there is ie gre great tex excitement cit tins this p m on the cofi cc exchange the piam failure re of mackay 13 small all prominent coffee kers of IV water r street isman la eit aith 1 0 ila biliti bil itice cs estimated from 4 to the market is is now steadier gruner joseph Odon oliue and other strong houses hao have bought largely at bottom prices so as to austain the market and male make t their he r losses as light as possible more failures are expected before the time to depo deposit isit the margin expires 6 11 L I 1 norton A co coffee ex br broders bro pa Lers er hio have also failed liabilities about t FOR D IS IN 1888 ax an anti cleveland gets TY aliat abt liat he ug want MEMPHIS juno june 12 some timo ago the memphis evening scimitar sent out circular 1 letters etters to leading news pipere p in alabama arkansas mississippi louisiana tenn see and lexas Texas putting out the following foll follow mp quen query in view a of president Irce ident pocket V iceo to of the R kivch ivar and harbor bill do ou favor his nomination rc by the m democratic en lo cratic party in m 1888 thirty ano ive replies were received of these twenty seven were a in in tho the afla mativi six in in the negative and two noncom non committal interstate INTER STATE COMMERCE 0 steamboat Ste men organizing Oren irin to help enford the commerce uw law 0 0 juno 13 A convention of river and lae lake transportation men is being held here for the purpose of forming a permanent organization not of steamboat tearo boat owners to resist the of railroads and to appoint a general superintendent of steam et camboU boat interests hope hop e duty ahall be to tale take cognizance of any adv om coin plaints t a 0 of violation of the inter L commerce orn merce law by railroads by discriminating crimi criminating lit in rates I 1 |