Show SMASHING Of STOCK POOl Two Wall Street Brokerage Houses Forced to Suspend and Two Others Are Said to toBe toBe Be Badly Tangled Up HEAVY DECLINE IN THE MARKET IN CONSEQUENCE Bankers Refused to Lend Any More Money on Columbus I f and Hocking Coal Iron and Drop of 60 Points Came RUMOR OF INVESTIGATION New York Jko Jhu It was an epi episode sodo sode in the Sew New York Stock exchange today that was more moze spectacular In many respects l than tile the recent Rock Island f fasco asco With a brik of r more than sixty points the Columbus Hock Hocking Ing Coal and Iron Pool was smashed two stock exchange houses were forced to suspend and the market generally un derwent severe declines involving tha heal heaviest st trading the dB day of Edward lL H death Total sales saks aggregated rated gated sa res A inquiry by fits tha governors of the exchange probably will be the aftermath Firms involved are S J lL 31 FIske FilIce Co 0 42 Broadway and Lathrop C Cc Co 00 Broadway TIle The failure of both was caused b by the collapse or of the pool an ant involuntary petitions In bankruptcy tiled filed agai t both this afternoon Fisk Failure Heavy In the ease case of J M Fisk Co liabilities Hies of tbd firm are placed by at fi with assets of for the firm however estimated the li ii liabilities abilities at at the of bus mess on Tuesday afternoon with of Ho He did not 6 estimate the firms financial resources after arter toda s developments In the petition creditors alleged the preferential transfer ot of property to one or 1 more creditors and further charge that the alleged bankrupts permitted a large I portion of their property to be or removed with Intention to hinder dp de delay la lay arid and defraud creditors Judge Hand in the United States ds court appointed a receiver Assets and liabilities are not Mt stated in inthe a athe the petition filed against Lathrop Has HaskIns kiss kIns Co although It is alleged that claims ot of creditors on the stock aCcounts account aggregate Admission ot of also Is alleged No receIver had b bea n appointed Cor or this firm tonight The cOllapse in the pool today was brought about primarily by the refusal or of banks to make mako further ada In en stock as collateral and the mobility Inability or r failure ot of those wh f it to tomake o make good Impaired margins The sus StiS suspension pension of the two fIrms most mOlt concerned was therefore a natural re suIt Several individuals also are said to have hae lost heavily In all shares ot of Columbus k Hock HockIng big Ing changed hands at a range ot of Irons from 58 to 5 The stock clos closed d at 33 a net loss of SIM points The entire market closed weak with prices at low ebb With the breaking of the pool there were reports or of an immediate Investigation Into by the stock exchange au authorities authorities This Was officially denied but It seems more than likely that circum circumstances stances will force the exchange to take some cognizance ot of the matter In fact some principals ot of the pool were ere before the governors and an authoritative statement probably will be issued tomor tomorrow tomorrow row According to common belief James Jamell R n Keene was active In the movement of o Columbus Hocking Some or of his sue asso associates elates sale sai however that the Keene in interest interest terest In the stock had been withdrawn some time ago The pool had been tn in existence about a year ear United States Steel was the feature ot of the market today In point of Trading in this stock totaled shares or approximately approximate 25 2 per cent or of ortho the tho days business It wu was reported tonight that two other othor stock exchange would be forced to suspend tomorrow It was expected In some quarters that the failure of th the two firms would be announced be before before fore the market closed and there therA was wall talk or of the filing of a third petition tn in bankruptcy but this was not done up to the close ot of the United States district court |