Los Angeles daily herald., 1886-12-04

/ NGSuGQ III tItIt LII DuSe ssh'Sot
Although the brokers OF the San
francisco Exchange gave themselvesa
breathing spell after twelve o'clock, SO
far as mere buying and selling was con-
cerned, the public was as anxious as
ever to keep the ball rolling, and Pine
street was crowded during the after
non while the brokers' offices were
jammed. Orders were being refused in
all directions, and large sums Of money
deposited upon the counters by custom.
ers who desired to buy were pushed
away by gentlemen behind the counters,
who said they could possibly take no
more business till they had cleared away
what they had on hand. The suspen.
sions, the excitement of gamblers and
the general unsettled state of the mar
ket produced feeling Iof distrust
among bankers and brokers.
At noon it was reported on
the streets that the brokers owing
to recent orders from the banks
would no longer take checks for any
amounts over 5000 requiring tranfer of
cash between themselves, hs at many
banks only cash deposits would be &C.
cepted. At the Nevada Bank it was de-
MED that more precautions than usual
had been taken to protect either the
bank or depositors. At Wells, Fargo &
Co.'S bank the cashier stated that all
checks brought in to-day after the clos
ing of the afternoon session Of the clear
ing house would have to be certified to.
The Bank of California having few
dealings with brokers, had not made
any protective orders, and at the Pacific
Bank, Anglo-C California, London, and
San Francisco, and the Crocker, Wool
worth National Bank, the same report
was made.
The sales of the two sessions of the San
F ancisco Stock and Exchange Board
yesterday aggregated 95,575 shares.
This is stated to be probably the largest
for any two sessions in the past ten
years. A rough estimate gives the value
of the sales at $750.000.
LUCKY sTRoTHER,
Among the lucky dabblers in stock is
Auditor Strother, who, a few days ago
ordered Broker Mckenzie to buy
him 100 shares OF stock. The
order was filed, and afterwards Strother
ordered the stock sold. This wassdone
and Mr.. Strother, without advan9ing q
dollar, cleared up 500, 900.
THE FAILURES. II.
Nothing like exact data has yet been
determined in any of the announced
failures. At the office of Greenebaum 4
Straus, neither of the parties could be
seen, it being stated that they were out
getting means to resume their business.
r.. II. lot sxyac p1r a
suspension of business as yet. Proffers
of financial aid had been made and the
probabilities were that business would
be resumed as usual in a short time,
without loss to their creditors. Greene
baum & Straus had three huSdred Gus
toners or more and though tks business
man ager could not state what the LOGS
would amount to in exact figures, 1t
would probably be as high as $500, 600
or $3.50, 600. The firm has made an
assignment to Henry Wolfsohn.
The creditors of r. G. Hooker found
the following notice posted on his Office
door: "Persons having business with
this office are requested to call on A. j.
Bowie, Jr., at 2l7 Sansome street" A
call on Mr.. Bowie elected the follow
ing: "Mr. Hooker is badly shaken by
this trouble, and is sick in bed at home,
he has authorized me to state that he
has made arrangements to straightsn
his affairs, and every one who has mon
ey on deposit with him, or stock in his
keeping that is paid for, will get paid
as soon as he caa get his accounts
straightened. He will be ready for de-
livery inside of forty eight hours" Mr..
Bowie could not state what the amount
of Hooker's failure was, as his accounts
are not Strengthened yet. Some believe
that he lost his private fortune, of about
$50, 900, while others are positive that
it was only his customers money,
amounting to about $4,000, that he
lost. and thought he would suspend
business for time to make up his books,
| and see how he stood, and not risk his
private capital. Mr.. Mackenzie is
stated to have made over everything of
value for the benefit of his creditors,
who are, it is understood, mostly wo-
men. He has been doing large busi-
ness with these female stock gamblers,
carrying their. stock for them,
which aggregate very large
amount. Mr.. MacKe Kenze is un.
derstood to have lost over 500, 900 with
in few weeks, but he asserts that he
could have made good this sum and
gained as much more inside Of three
weeks if it had not been for the persist
ent demands of female customers for
coin.
Kullman & Co. made an assignment
this afternoon to II. G. Kuhl. The
firm attributes its failure to the suspen-
sion of Greenebaum & Straus. They
hope to be able to open again in the
course of few days, and If they don't
their liabilities will not amount to more
than $25,000 and possibly not that
much. The ia lure OF this firm did not
create any fresh excitement.
FAILURE.
SAN FRANCISCO, December 8. - At
noon the firm OF Kullman & Co., bro
kers of the Pacific Stock Exchange,
surrendered to the inevitable and an
nounced that they were unable to meet
their obligations. They state that their
suspension will be but temporary. Moth.
ing can be learned yet of their liabilities
or assets.
TAKE TO THE HILLS.
VIRGINIA CITY. New, December g.
No new features have transpired throw.
ing additional light upon the Frankel
failure. Disclosures subsequent to the
publication of the schedule of losses in
dcate that the total liabilities will foot
up 81 ,OOO,O w. H. Lowell and John
O'Donoghoe mentioned in the published
list of creditors, are both employees at
the Consolidated California office in this
city, the former as chief clerk, and the
latter as paymaster. Frank Wildes. who
is down for $50, 900, is agent of the Ne
vada Bank here. The three Frankel
Brothers were met on the Geiger grade,
near Steamboat Springs yesterday,
headed Reno.ward. On being inter.