The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-03-10
WOMEN'S BROKERS GO UNDER.
APPEAR TO OWE THE LADIES
SOMETHING LIKE $4,000.
Woe sits I'm the Rocking Chairs in the ST.
James building and Watches Copper
GO Up After q. l.. simpson & Go. 60
Down--Assets $50, 900 short Of Debts.

There was WOO among women specu-
lators yesterday morning when the suspen-
sion Of the brokerage firm Of o. l.. Simp-
son & Co.. members of the Consolidated
Exchange. was announced. The firm had
made it very nice for women uptown who
wanted to take flyers in stocks.
II had offices in the st. James Building
fitted up expressly for women. There wore
nice dressing rooms and comfortable
rocking chairs. and the quotations and
little points on the market were announced
daily by motherly person who comforted
the losers and congratulated with the
sweetest Of smiles those who won.
The suspension Of the firm was announced
over the ticker just after the market had
opened strong. Each rocking chair in
the parlor of the suite Of Offices in the St.
James Building had an occupant, and not
a bear among them
Now, isn't that n shame, said one fat
blonde who hustled into the Office in the
afternoon and joined the group of mourn
ers. Why, they've got 81 900 of my money,
and here | came down to-day hoping to get
back at them with copper I've got
straight tip, hot from downtown and /
came here IN q cab.
The Office was crowded with women all
day They hung around the ticker and
tried to comfort each other When a man
reporter entered the room tho mothery
looking Tcr-on retired 20 the Office OPENED
a window and pe-red out at the news seeker
NO, | really can't say anything. she
SAID. II understand the firm is in "A little
trouble, but you'll have 10 find out about
1T downtown"
The Offices Of the firm at 90 Broadway,
which were for male customcrs, were de-
serted. except for few clerks All seekers
for information We're referred TO Pratt n
koehler. the firms counsel at n Cedar
street Mr. hoehler said
The firm has made an assignment 10
me. but | have not yet looked over the
books and don't know just how AFFAIR." are
Roughly believe the assets will be about
sll 900 and the liabilities about 500 900
Most OF the customers wore women /
should say 10 per cent. were. They are
the largest creditors. You sec, Mr. Smp-
son went to Palm Beach a month ago leaV-
ing IN charge j W. Oliver as manager
Mr. Simp on learned some thing while in
Florida and when he got back here few
days ago Mr. Oliver loft. II was too hate
however. 70 mend matters and IL was de-
Cided this morning TO make an assign
ment Mr.. Simpson told me he had no
charges TO make against Mr.. Oliver AZ all
4 = 10 Just what caused the failure do ret
know"
The firm started in business four years
ago as Simpson h Sanders The name
wa- changed in December last when San
der. retired The onieials of the Consoli-
dated Exchange said that the firm had
always had good record. Six hundred
shares were Dough, in for the firm under
the rule after the suspension was an
nounced.
Mr. Simpson became president last Au-
gust Of the Pneumatic Manufacturing
Company, who+e Offices are at South
street The company was Incorporated
with a capital stock Of 10000 and pur-
chased the patents Of the Pneumatic Mat
tress and Cushion Company after the latter
concern went into the hands OF a receiver.