Deseret Evening News | 1908-06-13 | Page 6 | Davis Kearns Failure

FAILURE or SI ot of Brok Brokerage Irlue on The first failure to come as tine fruits or of the late movement inn In TIn TIntic tic stocks was waK durIng tIne thu regular tc call or of the mining exchange tada today The brokerage firm Onn known know I lK as the tho company has gone to tIne the al 1111 the lit are Ilac lilac cd nt at anywhere loin to tn A or of creditors has beau called for this at which tinto tie exact owing II to brokers will probably ohn hI bo be ascertained It hu hue boon beon known for several tay days that the distressed t had hru the market markel on oil Iron und and SIoux Consolidated when those stocks sold much lower thant they lucy lre quoted Ht at today a 11 being to Jet get cover cuver In time WIK was II in the tho squeeze The teat was wall expressed ed to 10 ilay ISlet tIne tho failure might involve semi ot tine tho weaker brokerage rOi cerl annul that other allures would result A aln ther there may III he others Ial caught ht In lio line Mi same I 0 manner n 11 Davis lwi til tuo senior or of tine tho hu has boon ito an active ot of tM the for n a ot of years yearN anti Inns hOK I a hOlt host of friends who wi will bl be tin hear ot of hil his misfortune E 13 J in IK It II tl Mr Davis Dala