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Show Hi Of HMNTYBE GOES 10 THE WALL Bis; New York Brokers Unfortunately Unfor-tunately Got on Bear Side of lie -Market. NEW YORK, April 1M. The suspension suspen-sion of T. A. Mclniyre & company, brokers and members of l.ho New York Stock Exchange and of the New York t otton and Produce Exchanges, wis announced an-nounced today. The firm did a largo business and had branches in Chicago. Baltimore, Huston, Hartford. Iiinghainton. Syra-L'ochostcr, Syra-L'ochostcr, and Hot Springs, Vn. The members of tho firm arc Thomas A. -Melntyro, George C. K.yan, John G. Mclntvre, Thomas A. .McJntyrc, .lr., .1. E. Jlulshizor. .Tames M. Hudson and Kd-ward Kd-ward T. White. The suspension was without effect upon the stock market. It was staled that while the firm was engaged in heavy transactions in tho past, their present commitments are not laige. They had taken a position on the bear side of the market and the recent advance ad-vance In prices caused their suspension. suspen-sion. Forced Into Bankruptcy. An involuntary petition iu bankruptcy bankrupt-cy was filed against T. A. Mclntyrc & company in the fed oral court today as a result of which ('. O. Burlingham was appointed receiver for tho firm. T. A. Mdntyre & company were members mem-bers of the "Chicago board of trade, tho New Orleans Cotton exchange, and the Liverpool Cotton association, and was one of the largest, brokerage commission com-mission houses in the city. Walter II. Molcr. office manager for the firm, said todnv that while he has not. yet ascertained! the extent of the failure, ho believed tho firm's liabilities, would bo less than $1,000,000. The direct cause of the suspension, ho said, was an impairment of the firm's capital, which followed Ihc financial panic of last fall. The firm had been carrying the accounts of a number of its customers cus-tomers who were unable io meet their obligations. |