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A Panic In Coffee

A Panic In Coffee image
Parent Issue
Day
16
Month
June
Year
1887
Copyright
Public Domain
OCR Text

New York, June 14.- There was a panie in the Coffee Exchange yesterday, priees falling three cents f rom Saturday's closing quotations, showing a decline from 21.30 cents two weeks ago to fifteen cents, or over six and one-fourth cents per pound. Three firms suspended- B. G. Arnold SS Co., Norton, Weyl & Bsvan, and Mackay & SmalL The latter owe about 1200,000, while B. G. Arnold's liabiĆ¼ties are estimated at $1,000,000. Brokers for "buil" operators precipitated the panic, while the "bears" made efforts to sustain priees.

Article

Subjects
Old News
Ann Arbor Register