OCR Text |
Show BREAK IN PRICES HITS GERMAN BROKERS BERLIN, Sept. 2. The. recent break in th prices of American securities is hiving disastrous consequences on a number of German brokers. George Weiehert. the proprietor of brokerage firm, was found drowned in a lake near Berlin yesterdsv. He is said to have bees made bankrupt through the drop ia Canadian Pacifie railway Aoother broker. Paul Dehnicks, died suddenly yesterdsv and it is reported that ba committed suicide because of losses through heavy engagements of American securities on the London market. PSul Kwiet and Martin dsn of the private banking house of Kwiet A Gsns. who were arrested August 9 eharged with embeztlement of SoOO.OOO of the bank's deposits, were eismined in court today. They testified testi-fied that their disaster was due to the slump ia pricse. At Hamburg a broker named Ernest Friedlaader failed yesterday, being unable un-able to meet bis engagement oa the London gad Kw York ezebangaa. |