Resuscitated

On July 3, as everyone knows, the firm of Dean, Onativia & Co., stock and grain brokers, were placed in a receiver-hip, with liabilities of about $36,000,000 and assets of about $35,000,000. Because of the size of liabilities, the insolvency was declared to be a record for size on the New York Stock Exchange.

The receivership has lasted only a little over two weeks. No suspicion of illegal or unethical practices has existed, the insolvency having been plainly caused by a shrinkage in value in the firm's assets, notably in its holdings of stock in the Rosenbaum Grain Corporation.

By an appeal to the creditors and customers of the firm, new capital to the extent of $2,750,000 has been raised, thus placing the concern in a strong financial position.

The next question faced by the "insolvent" has been in connection with resuming business. This involves readmission to the several stock and commodity exchanges from which the firm was suspended on notice of its insolvency. It is not anticipated that any great difficulties will be experienced here, even in the case of the New York Stock Exchange, although official technicalities might take a few days.

The case of the firm is said to have established a record on the New York Stock Exchange for quick and complete resuscitation after insolvency.