MEROANTILE AND INDUSTRIAL FAILURES.
Closing of Tin-Plate Factories, Ten Thousand Men out of Work, (By Telegraph.-Press Association,) London, August 29, Sixty tin-plate forks have stopped in Wales,' owing to the M'Kinley tariff in the United States, and 10,000 men are thrown out of work, Much sympathy is expressed in the city for Redfern, Alexander and Co. The liabilities of the firm are not so large as at first stated, and do not exceed £,800,000. The precise reason of failure fs not knpwn, but it is at: iribufed to family natters, Lqniion, August SO. The Daily Telegraph says that Redfern, Alexander and Cp.'s estate is expected to yield bad results in liquidation. Mr Vanderbilt's death complicated matters, as it oaiised the withdrawal of the capital invested by him in the business, A receiving order has been made on the debtpra' pwp petition. The Stock Exchange hap regarded the firm as weak for Bomo time. The city is excited by tujuours of further impending failures,
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Wairarapa Daily Times, Volume XIII, Issue 4207, 1 September 1892, Page 2
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163MEROANTILE AND INDUSTRIAL FAILURES. Wairarapa Daily Times, Volume XIII, Issue 4207, 1 September 1892, Page 2
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