| Show I GRAIN FIRM GOES TO THE WALL Eppinger Co of San Francisco One of the Biggest Biget Dealers Delers In Grain Urain in the United States Fails Fais for an Immense I Sum Cause of the Crash I I II San Stun Francisco June 6 Eppinger Company of oC this city one on of at the largest grain dealing firms In lii the United Unie States went to the wall naIl wal today The Time crash came suddenly and for tor a atme time threatened to completely compely upset the time local loral grain market As it was the time an announcement announcement of ot the time failure caused a mm abig I big bobbing of ot prices all oti change anti and wrought up such tuch excitement as mis IH has hal not been witnessed on the tho hoer lor for tor many ye years rs It Is thought that the time losses of at the firm 1 may ia limo run lUti up UI Into the millions milons while the London Paris and anti American bank the money house houe with which It deals will wi also It Is II sold said sll suffer heavily A meeting of ot the creditors Is now In Inse session se lon The hl failure allure of ot the Eppinger l concern U ts Uthe the time greatest and unil roost most crash In him the California grain grin trade trude since the time when William was 11 forced tor to the tue wall ivull wal some come s seven n or or eight years tf ears ago Although there t e c had hd md been en n mm whisper of uncertainty in mu I inner Iner lor br Ira I days das as to time the standing of or Eppinger Company none of at the time brokers was as at atall n mull all prepared for tor the startling announce announcement announcement ment fluent that watt was made nude on omm change It was wal known that the company com pan was short on eu ona eua a 1 heavy hla amount of ot December wheat and mind i tile the outcome of ot this the announcement In the I face of ot till condition I on at nt once onre brought about abut time the most mot marked mark activity Creditors of at Co 0 ut at lt once b began gan buying against the amount short shot for the account of ot time the Ile suspended firm with lh the result that Ihal wheat quickly ro rN from noun 41 13 at t the time opening to J 1344 After ter tr the greet great 1 lt bulk of at the time hail had lw been ii n HUM the market weakened somewhat mind and the price linice declined to o 0 JUt While It I has hai l n Impossible to se secure ff secure cure eur any an Information lun as to the time exact extent of ot the failure allure It Is II belief of at thu th street that It 1 Is U extremely heavy and autti severe sever The Time connections connection of ot Eppinger Co are arf numerous both baUm on the Pacific coast cottet rat anti ami ani In the grain crIn markets ot of o Eu Europe rope molts The firm embraced Jacob Eppinger the time founder Herman Eppinger anti and H Ie Eppinger I Up to lo the lh dissolution of ot the great Brent combination which controlled tho the grain s char charter ten and contracts r it f Co 0 w Vere ro memo mem hers bere bl of ot a combination known as 11 a time the tle Big Four This combine was 1 In semi eon In of ot warehouses warehouse all al over the suit slate notably at Port lort Costa CUla dissolved about sIx fix 1 months ago The Zhe h other memo mem members bers was WI Gorge Gears or W V loN ar Co C Ere Eyre Dalour Guthrie f Co anti and ane Girvin It 1 is I the general generl opinion that the cause caul for tor the of ot 4 M re iff 1 i f f t Co dates dales back to an incipiency Inri plene five e or six months the Big Four Fur com Corn combine hint bine caught cluth heavily long on ships chartered at mit lt the time highest prices last lat year and anti short on wheat which lund been sold said as ns low as a 05 anti and an which rose 1050 ro e to 1160 0 The Th combine was given givena gl n na a very cry severe leHre squeezing and It a currently reported In grain circles that time the losses lofes Il es amounted to In Incurred incurred In la covering the enormous short lines Of Ot this thus big loss lo Eppinger Springer Co C were forced torce to stand their share It I is the belief that the time losers loers shared share the lost loston on un equal ual This would have bl re me reo suIted the uto In a 1 loss of ot about OC to It 1 has hiu hi been n the custom of ot the firm ln It ItIs itis Is 18 declared delare to advance considerable sums sumna of at money to throughout the th state on wheat whet crops naps and It Is pos possible 41 sible elbie that this was WIS done this thu year Present reports from the valleys are an that the trolls will wi be b comparatively failures I and ahll this limits news lies has had hud a very vera wr depressing del effect on the tho market mrk The crash h was WIS p by bythe bythe bythe the London Paris Amu lean bank which within wih n thu th last two 0 o th M days diUS made male peremptory and hi im h ivy avy 3 d dr mands on time firm of ot Co CoTh The Th obligations were 1 aM fr 1 the thO Siren could not meet them Th tl fort notice of at Insolvency was wan tent to the th exchange In addition to the grain trading the hiram firm Irm of ot Company COlpany did III a huge fu business in warehouse Aside from froom time Dig Big t Four Interest In the time the firm controlled grain storage plants throughout time the Sacramento and Ind San Sen Sn Joaquin tl I and an In all al the time grain centers entert of ull th iii n r Among these thes were warehouses at Dixon D on Woodland WOl Hobin md a IJ J i XA kas i j There won connections In every Eu grain port anti and ant the time linn finn as a a usual u ual thing thin held many man charters on grain tar tarrying ar arr r shir sh Jacob head huid of or the tim firm h s been ben In III I health for souse ioni lr yea yer PO anti and has bal been forced torce to 10 turn tur over omen hi hi P PIn In the management ll much nf of tv tim tur tr t tto to his hil associates s A few t 1 year y r ago ba he bew was w reputed to lv It worth T r o of his sons ions Perk leck Eppinger an amm 1 J Jseph eph Eppinger are In the tim racing business His other ton son U Lu interest t i d m iii the grain Inn finn 4 DIG BIG WAREHOUSE OWNERS Portland Or Ore Ju Jun fi A cs Company th the San n groin grain shippers who fall failed d today own a Interest In Iii th Northwest Warehouse company time the largest targe t shIp per pera of grain croin from th |
