The age-herald., 1900-12-30
LONDON HOUSES
 ! THE WALL Disaster on the change.
THE HAMMER FALLS 12 TIMES
The Suspension of London and Globe Finance Corporation Was Followed Yesterday By the Downfall of
 Many Big Concerns.

London. December 29-The suspension of the London and Globe Finance Corporation has been followed today by the hammerlng on the Stock Exchange of twelve firms as follows:
 Haggard Hale & Bixley, Carle & Driver, Douglas, Jr., & Company, Cornfoot Broth CTS. F. A. Cohen, BliclSey 6 Buckingham. Gum & Aubrey, Richards & Sloper, Baker & Smith, F. c. Watts & Co.,, Flower & Co., and F. Boully & Go.
 The first named is big firm with im- portant connections. It Is feared num- Der of small jobbers will be affected.
 While the difficulties of the firms closely connected with the London and Globe di- vision were largely discounted, the repeat ed fall of the hammer this morning caused a great sensation. It is feared the full list of failures is not yet known.
 Almost the whole interest in the stock exchange centered in the West Australian market, the condition of which affected the others All the shares of the London and Globe group toppled, especially Lake Views and Leroi No. ?. The shares of the latter were yesterday quoted at 23, but today they are unsalabe at 1. The London and Globe is also heavily involved in the British Co., lumbia market The situation is not yet cleared up. as the rumors of arrange ments to assist the London and Globe are not credited in well informed circles. There is a greatest indignation against MT. Whit aker Wright who is the fountainhead of the concern, others of the London and Globe group. There has been somewhat re- covery in Lake Views since last evening.
 The chairman of the London and Globe Finance Corporation limited is the Mar quis of Dufferin and Ava, the former gov ernor-general of Canada, and British am- besador at Paris. The failure of the con- cern of which he is the head, adds one more sorrow to the closing chapter of his life, Tor he is today preparing to start for South Africa, in company with Lady Dufferin, in consequence of the serious condition of his son. Lord Frederick Temple, Blackwood, the lieutenant In the Ninth Lancers, who was wounded Monday at Glenfontei. It is scarcely a year ago since Lord Dufferin lost his eldest son, the Earl of Ava, who died at Ladysmfth. He is now encompassed by family grief, to which are added these serious financial troubles.
 Lord Dufferin's fellow directors are Whit aker Wright, who is we'll known in connec- tiOil WllH Hndlly COHlpdIpeS, l-leut.-Gel. oOil- erset Gough-CaIthorpe, who has been col onel-in- chief of the Fifth Dragoon Guards since 1892, and Lord Pelham-Clinton, master of the Queens household and a son of the former Duke of Newcastle Lord Dufferin holds 5000 shares of the London and Globe and 10000 British Americans.
 According to last nights dispatches from London, some trouble was disclosed on the Orient stock exchange yesterday in the West Australian market, resulting in a considerable fall In the shares of the Lon don and Globe Finance Corporation, limit ed, and Leroi Mining Company, limited. Seven firms had checks returned by the clearing house. This, the dispatch added, does not imply failure, however, as it is ex- pected that the usual period of grace al- lowed will enable the firms to meet their engagements.