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Show ON THE SHORT SIDE. A New York Grain Firm is Compelled to Assign this Morning. New York, Nov. 27. Edwin M. Field, Daniel J. Lindley. John Frederick Weichers, and Herman C. Helmus, the company firm of Field, I.indley, Weichers fc Co., bankers and brokers, assigned today without preferences. pref-erences. The failure was announced on the produce exchange at noon but the grain market was only slightly affected. The house is an old one, but has lately been some-whrt some-whrt restricted in its dealings The failure is attributed to the rise in corn in New York and Chicago. It has been protecting pro-tecting some large lines of corn from S. V. White deals, and had been on the short side of the November market, aud a few days ago h.id to cover 500.000 bushels. Their operations are mainly in Chicago, but to some extent here. Other articles have gone against them. It is said especially in co.Tse, while they had some dealings as well in Wall street. Just how much of the amount the firm find itself unable to pay is not yet clear. The grain markets were only slightly affected by the failure. The head of the tirui is a sou of Cyrus W. Field. - |