Evening star., 1900-12-29
Thirteen Stock Brokers' Firms Sus-
pend Payment.
LONDON AND GLOBE TIE LEADER
Blacklist Day on Change Since
the Barring Smash.
OTHER EXCHANGES FALL

LONDON, December 29.-The London and
Globe Finance Corporation, limited. has sus-
pended payment. When the brokers yeSter-
day delivered stock purchased on account
of the London and Globe and asked for pay
ment they received checks which were dis
honored This was followed today by the
failure on the stock exchange of twelve
firms, as follows:
Haggard, Hale & Pixley, earle & Driver.
Douglas. jr.. & Company, Cornfoot Broth
ers, F. A. Cohen. Blockey & Buckingham,
Gum & Aubrey. Richards & Sloper Baker
& Smith, F. c. Watts & Company. Flower
Company and F. Boully & Company.
The first named is a big firm with i'm
portant connections. 1t is feared number
OF smaller jobbers will be affected.
Thirteenth Failure Announced.
The thirteenth failure of stock brokers
was announced before the close of the ex-
change. 1t was that Of Bartholomew &
Jacks
The fact that crisis had been reached
In the speculations of the Whitaker
Wright group Of mines and that the worst
was known occasioned feeling of relief
after the strain of anticipation. While the
mining market continued depressed, other
departments quickly recovered from the
excitement
The chairman of the London and Globe
Finance Corporation Qin1ited), is the Mar
quis OF Dufferin and Ava, the former gov
ernor general of Canada and British am
bassador at Paris. The failure of the con-
Germ Of which he is the head adds one
more sorrow to the closing chapter of his
life, for he Is today preparing to start
for South Africa, in company with Lady
Duferin, in consequence of the serious con-
dition of his son. Lord Frederick Temple
Blaekwood. a lieutenant in the 9th
Lancers who was wounded Monday at
since Lord Dufferin lost his eldest son.
the Earl Of Ava. who died at Ladysmith.
He Is now encompassed by family grief,
and his honored name Is dragged in the
financial mre.
Lord Dufferin's Associates.
Lord Dufferin's fellow-directors are Whit
aker Wright, who is well known in connec-
ton with many companies; Lieut.. Gen. the
Hon. Somerset Gough-Calthorpe. who has
been colonei-in-chief Of the 5th Dragon
Guards since 1892, and Lord Pelham-Clin-
ton. master Of the queens household and
son of the former Duke Of New Castle.
Lord Dufferin holds 600 shares of the Lon
don and Globe and 10000 British Americas.
The failures involve twenty-sight men,
berS of the stock exchange, and are equally
divided among jobbers and brokers. 1t is
generally regarded in the mining market
as being the blackest day since the Barring
smash. which was disastrous to all depart
ments. Today's crisis. however, old not
extend to the other markets. though most
of them closed depressed. Americans were
incidentally affected, owing to some Of the
firms which failed being interested in
American securities.
The London and Globe Is said to be large
ly interested in the Baker Street t-Waterioo
electric railroad and the trouble is partially
attributed to the money it has tied up In
that road.
Interest in West Australians
Almost the whole interest on the stock
exchange centered in the West Australian
market, the condition of which sympathet-
1cally affected the others. All the shares
of the London and Globe group toppled,
especially Lake Views and Leroi, No. z
The shares of the latter were yesterday
quoted at q. but today they are unsaI-
able at 4. The London and Globe is a.so
heavily involved in the British Columbian
market. The situation Is not yet cleared
up, as the rumors of arrangements to as
slst the London and Globe are not credited
In well-informed circles There is the great
est Indignation against Mr. Whitaker
Wright, who is the fountainhead of the
concern, and others of the London and
Globe group. There has been somewhat OF
recovery in Lake Views since last even
ing.