THE BUCKET SHOPS
CLEAN-UP CRUSADE. FLIGHT OF DEFAULTING BROKERS. cress Association—Electric I'clegritjjii—CopyrigJ' (Received Monday, 9.10 a.m.) NEW YORK, Sunday. Nearly fifty brokerage firms have crashed since January. One of the largest houses is included in to-day’s list of six. Frenzied customers are besieging other houses whose stability is regarded as uncertain. & During recent months the Block Exchange has showed a steady advance. Bucket shops were unable to recoup themselves because of the. expected drop in prices. The proprietors, of bucket shops are fleeing before the District Attorney’s crusade. Out of fifty indictments sworn only six arrests have been made. Detectives in search of missing brokers find only empty offices. Scores of defaulting brokers have lied to Europe, taking their gold stock certificates with them. They find this trip cheaper than putting up 50,000 dollars bail. —Aus. and N.Z. Cable Assn. FAILURES IN MONTREAL. (Received Monday, 9.10 a.m.) OTTAWA, Sunday Four brokers have failed in Montreal with heavy liabilities. —Aus. and N.Z. Cable Assn.
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Bibliographic details
Wairarapa Daily Times, Volume 48, Issue 14608, 6 March 1922, Page 5
Word Count
163THE BUCKET SHOPS Wairarapa Daily Times, Volume 48, Issue 14608, 6 March 1922, Page 5
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