Heavy Failure In Boston

Uostox, Oct 19.- Harrison Loñng, proprietor of the ship building plant at City Point, South Boston, has made an assignment for the benefit of his creditors. Jle has now in process of building cruiser No. 11, whieh will cost the government 5800,000 when completed, and several smaller contracts. These have, as the.v approached completion, exhaustcil Mr. Loring's capacity for borrowlng ready cash. He estimates his liabilities at f:;TO,000 and his assets at $800,000.