WALL STREET FAILURES
FOUR IN ONE DAY.
FORMER FEDERAL TREASURER. Australian and N.Z. CaMo Association. (Becd. J.BO P4ftj NEW YOBK. Feb. 23. The collapse of four Wall Street stockbroking firms within 24 hours has caused a sensation on the Stock Exchange. The most prominent failure is the firm of Kardoi and Burke. The latter was formerly treasurer of the United. States. Several other firms have gone bankrupt in the past week. One cause is the energetic action taken by the authorities to stamp out 80-called ""bucket shops," many of which have swindled thousands oi peopla.
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New Zealand Herald, Volume LIX, Issue 18025, 25 February 1922, Page 9
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95WALL STREET FAILURES New Zealand Herald, Volume LIX, Issue 18025, 25 February 1922, Page 9
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