Show GREAT FAILURE GOMES COMES IN ENGLAND London and Globe Finance Corpor atlon n Suspends Payment I HOUSES FAILED tt nt Is II head og of the al III Ur Mr London Jondon Dee Dec The London Finance Corporation has ha Au l payment When the brokers stock pur purchased purchased chased on ur f te London and tobe and aked for payment the they reo re checks which were dishonored This was wae followed today by the failure on the tock exchange of twelve firms a as Hale Garle k Driver Dou las Jr Co Cornfoot Dros F A Lotion Cohen Gunn Aubroy ards Smith 1 F C Watte Co Flower Co and F Bouli Co The fiut named Is a 11 bi JIg firm with It ft Is a 11 number or of malier Jobbers will be ar af tecte While the tho difficulties s of the firms closely closel connected with the London anti and Globe division were discounted the repeated tall fall of at the hammer this morning caused a great sensation It ItIs Itis Is reared feared I a lull tull list of failures Is not yet et known Almost the whole Interest on the tho stock exchange today centered In the We t market the condition of which affected the others All the hares or of the London anti and Globe group toppled especially and 10 Itoi Hol No 2 The shares hares or of the latter latler were yesterday esterday quoted lit at 23 but today are at 4 London and Globe is III also aho heavily involved In the British ColumbIan mar market ket The situation is II not yet et cleared UP as the rumors or of arrangements to assist the London and Globe are not credited In well Informed circles There Is II the greatest against Mr Whitaker Wright who Is the fountain fountainhead held head ot of the tho concern and others or of the London and Globe group roup There line hns been somewhat or of a recovery In Lake views since last evening The chairman or of the tho London Globe Finace Corporation Limited Is the marquis or of and Ava the form torm former er governor general or of Canada and British at Paris The tall fail failUre ure of the concern of at which ho he Is the head hend adds one more sorrow morrow to the tho closing cha chapter ler ot of his hili lire life for tor he Is to today today day preparing to start for South Africa In company wIth Lady In con quence or of the condition or of his eon Frederick Temple Blackwood lieutenant In the ninth who was wounded Monday onda lit at OI It is III n a year no ato sInce cince Lord lost Jot his eldest edest son eon the earl or of Ava who tiled nt at Ladysmith Ili III Is IA now noli encompassed passed by family grief to which are added these troubles Lord Jord fellow directors are Wright who Is well veli known knon in connection w with th many companies Gen The lion Somerset Gough Calthorpe who has hili been colonel In chief ot of the firth dragoon guards since 1592 and Lord l meeter ot of the Queens household and n a eon or of the former duke of N Newcastle lord DotTer Dutter In holds shares of the Globe and The thirteenth failure or of stockbrokers ore ers was announced before the cloe or of orthe the exchange It was that ot of lome and Jacks Th The fact that a crisis hall hns been r reached ched In the sp ula tione of the group KrouP or of mines and that the was known occasioned a feeling or of after afler the strain of anticIpation While the min minIng mm Ing market U depressed the theother other recovered d early The failures today toda involve twenty eight members or of the stock exchange mid are equallY divided jobbers and It Is generally general regarded regard In the mining market as being the tho blackest day since the Darin smash which was S disastrous to all au depart departments ments crisis however did not extend to the other markets though n a number ot of them depressed were owing to 10 some BOrne or of the finns which failed being Interested In American securities The Thc London Globe Glob Is said to be Interested In the linker Baker Street Waterloo Electric and the I t I partially attributed to the money It II has tied up In that road According to 10 last nights dispatches from London come ome trouble was die closed on the sto stork k echan exchange e yesterday In the West Australian market result lag In a 11 considerable tall fall In the shares or of the London Globe Finance Corpo Corporation ration Le Rot Hul mining com eori Pliny limited Seven firms had checks returned by b the clearing house This the dispatch added did not fail tire Ire Os aA U IL Is lod that the usual lEua period or of gra grace allowed will en the firms to 10 meet their engage moats menta I |