New York, Apr. 24.
Messrs. Pynchon & Ca, ope of the largest stockbroking "firms in the country, have been suspended! {from membership of the New 10rk [Stock "Exchange for insolvency. They have also been suspended from the New York Curb Exchange and from the Chicago Board of Trade andthe: Colton, Colter, Sugar and Produce exc No oficial statement of liabilities has been made, but it is reported {that the firm bad loans approximate ing $98,000,000. It is. believed, however, that the suspension temporary and that, with the retura to the normal values of securities, creditor will suffer loss, while leven with the present abnormally] low prices of securities, the value Jof the assets is practically equal to that of the liabilities.
Tt is understood that Ganking lereditors have offered to support efforts to reorganize the firm with capital—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.