The Archive · 1929

BIG "WOOLLEN FIRM COLLAPSE

Banks Trying to Prevent Banke rupted to German Concern Berlin, Oct, 25, The biggest Continental woollen blanket concern, Gebrueder Zoep fritz of Mergelstetten, Wurtemberg, is financially embarrassed, its liabilities approximating £500,000, The Wurtemberg banks are trying to avert the firm's bankruptcy, and to tide over the situation they, are making an offer to the credit ors, Arrangements are being made to continue the business, which ts a century old, under influential direction, 2 Zoepprite's assign the collapse to the unfavourable economic situation, to the depression in the' textile in~ dustry, and to thir connexion with the Sklarek Brothers, prominent Berlin clothing manufacturers, and race horse owners, who were cently arrested on charge of do-frauding the city of Berlin £500,000 by issuing worthless bille and forged documents.

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account