Show WALL ST FIRMON FIRM FIRMON FIRMON ON THE ROCKS ROCK I Second Brokerage Crash Despite Assurance Surprises Traders NEW YORK June Jun 20 ZImmer ZImmerman Zimmerman Zimmer man m n and one on of ot the tho I lead lead- leadIng lead ad ln Ing r member of th the New York York- stock stocke c e chance tailed filled today An Involuntary lD petItion In bank bank- bankruptcy was waa tiled filed In the th federal court against the firm and ind its It bers Leopold L Zimmerman senior member of ot the th firm In a statement nt attributed the failure to persist persIst- eat ent affecting our which he said bad had been cIrculated from from an unknown source He lie declared lr Ito believed the fIrm II was w i wholly solvent CR Hamilton Vreeland Dd counsel to fJ the firm estimated the assets asset nt at a and th the tho liabilities a ot mit The Tho failure announced from froni the ro rostrum of ot the th exchange w s w vs the tho ih second crash of or a II stock exchange house to tn b be I within It a week we Knauth lIchod and Kuhn ent it cot Into Involuntary last Like LIe the Knauth and ani Kuhne Kuhno firm nd lor shay d dealt de alt lt extensively I In foren toro exchange e specializIng In Germas Germa's marks S L DENI DENS 01 I Ii Coming on the tho heels of ot th the an Ln- Ln ement by President Cromwel oil of ot th th- th Tuesday that there ther was no truth In reports of Impend Impend- ImpendIng lag Ing failures f s today's crash crosh tool all s all Street by IW surprise despite the fact that the firm was one of ot tho those that that had hall been mentioned as a shaky The Zimmerman and an 3 Forshay crash was followed by a sharp drop on the exchange more than 80 SO ot of o the most niost popular securities on the tho thill 11 list 1 t falling Calling to I e new nest low levels for to forthe forthe the year sear ear with losses os es of ot 2 to 6 5 points TI Tl e a break was attributed I to 0 Billing s by frightened Investors Investor In estors who nho ho did dl J not know what hat to miki m lot of o toe failure coming on th the heels ot of an official announcement by the tho th nRC that there was WIlS no likelihood likelihood hood of ot failure allures |