Business & Finance: Big Board Failures

If evidence that finance is international in scope were needed, it would be strikingly provided by the failures cf the Stock Exchange firms of Knauth, Nachod & Kuhne and Zimmerman & Forshay. Both were old and for years substantial concerns, specializing in German securities exchange, and engaged in a banking rather than a stock commission business. The causes for these failures are therefore quite different from those behind the recently announced insolvencies of Curb, Consolidated and nonmember houses, and can directly or indirectly be traced principally to the sensational fall in...

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