Show I fAILURE oi Of HSK fiSK DUE DUTO TO 4 BONO BONO- I Ban s D Demanding manding Further Security on Loans Precipitated Precipitated Pre Pre Pre- Crisis NEW YORK Feb 2 The The suspension sion of Fisk Robinson a bond and banking house whose failure came yesterday yesterday yes yes- when an involuntary petition in bankruptcy was filed was announced at the tho opening of the stock exchange today As a result of the unexpected news after the close of yesterdays yesterday s 's business u iness on the exchange the market today op opened with declines decline running from substantial sub fractions fractious to 10 a point or so with witha a considerable volume e of liquidation by spec speculators who had not recovered from front nervousness caused by the market break of a couple of weeks a ago o. o The failure was due to the shrinkage in the market value alue of pertain certain bonds which the firm had underwritten That caused the banks which had llad loaned money on the securities to demand additional additional ad ad- al security which the firm was unable to supply The Tho receiver estimates that the secured secured se secured se- se cured obligations of f the firm will amount to about and the unsecured un nfl- I secured obligations atio s to to more than 1 |