WALL ST. SENSATION
AMERICAN FIRM CRASHES. HEAVY LIABILITIES. (By Telegraph—Press Assn.—Copyright). (Australian and N.Z. Cable Association.) NEW YORK, June 8. (Received June 10, 5.5 p.m.) The collapse to-day of Winkleman and Company, one of the Wall Street’s biggest brokers, with liabilities of over 4,000,000 dollars brings to a climax a series of twenty similar failures in less than two years which have cost investors above 100,000,000 dollars. Within the last few weeks three three large firms have crashed. The Federal Government is commencing an enquiry as to whether there is a possible collusion in the bankruptcy.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19230611.2.37
Bibliographic details
Southland Times, Issue 18964, 11 June 1923, Page 5
Word Count
96WALL ST. SENSATION Southland Times, Issue 18964, 11 June 1923, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in