COURT DECLARES ESTES BANKRUPT; Financier Pleads Not Guilty to Fraud--3 Admit Guilt in Tank Transactions Court Declares Estes Bankrupt; He Denies Fraud, 3 Plead Guilty
Estes declared bankrupt, Fed Dist Ct, El Paso; Superior Mfg Co and its officers McSpadden, Orr and Alexander plead guilty to 5 counts of fraud in fertilizer tank transactions involving loan from W E Heller Investment Co; Estes pleads not guilty; appears stunned by other defendants' pleas; he and co-defendants plead not guilty to earlier 8-count indictment on interstate transportation of fraudulent mortgages; Estes illus