Article Text
Another Boston Break.
Boston, Dec. 27โE. C. Hodges & Co., bankers and brokers, assigned this morning. The failure is due to the collapse of the United States mining pool of this city.
E. C. HODGES & CO. FAIL. One of Boston's Largest Broker Firms Goes Under. BOSTON, December 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business today, The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York stock exchange and the Chicago board of trade. IT Mr. Hodges sald today that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand." said Mr. Hodges, "and when the banks refused to accept It as a collateral there was no course for us but to protect our creditors." G. C Dickson of the law firm of Dickson & Knowles has been named as assignee. Those interested say no statement of assets or liabilities can be made today. The firm was composed of Edward C. Hodges, E. F. Lowry and Frederick Swift.
, Bankers and Brokers, Go to the Wall. U. S. MINING SHARES DO IT. Other Banks Would Not Accept These as Security-Firm One of the Largest in Boston. Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers, of 53 State street, suspended business today. The firm is one of the largest in the city, Its dealings have been principally in municipal bonds. It is a member of the Boston and New York stock exchanges and the Chicago Board of Trade. Mr. Hodges said today that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States Mining shares. "We have five thousand shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as a collateral, there was no course for us but to protect our creditors." G. C. Dickson, of the firm of Dickson and Knowles, has been named as assignee. Those interested say no statement of assets or liabilities can be made today. The firm was composed of Edward C. Hodges, E. F. Lowrey and Frederick Swift.
BOSTON BANKERS FAIL, Messrs. E. C. Hodges & Co. Suspend Business, BOSTON, December 27.-Messrs. E. C. Hodges & Co., bankers and brokers, of 53 State street, suspended business today, The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. No statement of assets and liabilities has been made.
Boston Firm Carrying Heavy Load of United States Mining. (Special to The Herald.) Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers, assigned today, as a result of the United States mining troubles. They were carrying 5,000 shares of stock margined to 20, and though offered assistance decided to assign. There is no news in regard to the United States pool, and no definite knowledge as to the number of shares so far pooled. There is good authority for stating that the shares will not be sold for less that $13.00, and the chances are that the price may be very near $15.00.
) Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. It is a member of the Boston and New York stock exchange and the Chicago board of trade. Mr. Hodges said today that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as collateral, there was no course for us but to protect our creditors." G. C. Dickson of the firm of Dickson & Knowles, has been named as assignee. Those interested say no statement of assets or liabilities can be on
E. C. HODGES & CO. ASSIGN Firm Refused Credit on Mining Stock Securities Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York stock exchange, and the Chicago board of trade. Mr. Houges said, today, that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States Mining shares. "We have 5000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as collateral there was no course for us but to protect our creditors." G. C. Dickson of the law firm of Dickson and Knowles, has been named assignee.
E.C. Hodges and Company, Bankers and brokers, Suspend Business. BOSTON, Dec. 27.-E. C. Hodges & Company, bankers and brokers, of 53 State street, suspended business to-day. The firm is one of the largest in the city. Its dealings have been principally in municipal" bonds. No statement of assets and liabilities has been made.
Boston Firm Carrying Heavy Load of United States Mining. (Special to The Herald.) Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers, assigned today, as a result of the United States mining troubles. They were carrying 5,000 shares of stock margined to 20, and though offered assistance decided to assign. There is no news in regard to the United States pool, and no definite knowledge as to the number of shares so far pooled. There is good authority for stating that the shares will not be sold for less that $13.00, and the chances are that the price may be very near $15.00.
) Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. It is a member of the Boston and New York stock exchange and the Chicago board of trade. Mr. Hodges said today that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as collateral, there was no course for us but to protect our creditors." G. C. Dickson of the firm of Dickson & Knowles, has been named as assignee. Those interested say no statement of assets or liabilities can be (Continued
Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business to-day. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. No statement of assets and liabilities has been made.
Boston, Mass., Dec. 27.-E. C. Hodges and Company, bankers and brokers of 53 State street, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. No statement of assets and liabilities has been made.
a Bears the The Kind You Have Always Bought Signature of Bankers Suspend Business. (By Telegraph to Virginian-Pilot.) Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business to-day. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. No statement of assets and liabilities has been made.
E. C. Hodges & Co., Bankers, and Brokers, Forced to Close. Boston, Mass., Dec. 28.-Edward C. Hodges & Co., bankers and brokers, of 53 State street, has suspended business. 1 he firm is one of the largest in the city. Its dealings have been principally in municipal bonds. Mr. hodges said the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as a collateral there was no course for us but to protect our creditors." G. C. Dickson of the law firm of Dickson & Knowles has been named as assignee. The firm was composed of Edward C. Hodges, E. F. Lowrey and Frederick Swift. The suspension, it is estimated, will carry the total of liabilities of concerns here which have failed within the last two weeks close to $17,000,000.
The House of E. C. Hedges Porced to Suspend Business. Boston, Dec. 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, have suspended business. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. The firm is a member of the Boston and New York stock exchanges and Chicago beard of trade. Mr. Hodges said that the trouble was caused by the refusal of the Boston banks to give the firm credit on United States mining shares. "We have 5,000 shares of that stock on hand," said Mr. Hodges, "and when the banks refused to accept it as a collateral there was no course for us but to protect our creditors." G. C. Diskson of the law firm of Dickson & Knowles has been named as assignee. Those interested say no statement of assets or liabilities can be made at present. The firm was composed of Edward C. Hodges, E. F. Lowrey and Frederick Swift.
Boston, December 27.-E. C. Hodges & Co., bankers and brokers of 53 State street, suspended business today. The firm is one of the largest in the city. Its dealings have been principally in municipal bonds. No statement of assets and liabilities has been made.
E. C. Hodges & Co., bankers and brokers, of Boston, suspended business on Wednesday. The liabilities of the concerns that have failed in The Hub in the past two weeks are about $17,000,000. This is not reassuring to those who have been endeavoring to discover the much vaunted McKinley prosperity.