WALL STREET FAILURE
big liabilities. (By Telegraph—Press Assn—Copyright.! (Australian and N.Z. Press Association.) NEW YORK, June 15. (Received June 17, 5.5 p.m.' Another sensational series ol Wall Street failures has occurred with the bankruptcy of a 70-year-old firm, Knauts Nachod anil Kuhne with liabilities of 11,000,000 dollar! Whereas the recent, failures affected firms which were members of the ‘'Curb" or consolidated exchanges the Knauts firm was a member of the Stock Exchange doing a large foreign as well as domestic business Thus its collapse is more far reaching and important in effect.
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Bibliographic details
Southland Times, Issue 18970, 18 June 1923, Page 5
Word Count
92WALL STREET FAILURE Southland Times, Issue 18970, 18 June 1923, Page 5
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