BIG U.S.A, COMPANY CRASHES
SUSPENSION FROM EXCHANGE. HOPE CREDITORS MAY NOT LOSE, jjy feiegraph—Press Assn. —Copyright. »ec. 5.5 p.m. New York, April 24. Marking the most important collapse since last autumn’s crash, the Pynchoii Company, one of the largest Wall Street brokerage houses with branches throughout the United States and Europe, has been suspended for insolvency from the Stock Exchange _ following a period of heavy stock selling. Thfe company has issued a statement expressing the belief. that the creditors will suffer no los? if the securities wherein the firm is interested regain “Anything like normal values.”
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Taranaki Daily News, 27 April 1931, Page 6
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96BIG U.S.A, COMPANY CRASHES Taranaki Daily News, 27 April 1931, Page 6
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