People's Pilot, Volume 2, Number 44, Rensselaer, Jasper County, 21 April 1893 — SAWING WORKS IN RUINS. [ARTICLE]

SAWING WORKS IN RUINS.

Fire Wipes Out a Big Swedish. Plant, the Loss Reaching 8000,000. Stockholm, April 19.—The immense Ijusna Voxna sawing works at Soederhamn, in the Laen of Gefle, on an inlet of the Gulf of Bothnia, have been destroyed by fire. The flames spread with great rapidity, communicating to the wharves and a number of lighters, and these also were destroyed. The loss amounts to about $600,000. All the Swedish and several foreign insurance companies are involved in the loss. A Big Firm of New York Brokers Fail for 8300,000. New York, April 19.—Thomas M. Barr & Co., of No. 107 Front street, wholesale dealers and brokers in coffee, announced suspension of payment Tuesday. There was much excitement on the coffee exchange when the notification was received and a panicky market followed. The liabilities may aggregate $300,000, but this amount will be considerably reduced if the principal foreign customers of the house make good their margins. The failure is the result of the attempt to corner coffee h.Y a syndicate organized about a year ago.