BANK FAILURES
IN NORTH AMERICA, (United Press Association.—By Electric Telegraph.—Copyright.) MONTREAL, October 5. Two prominent financial houses, the brokerage firm of Dougall and Cowans, and the investment bankers, Greenshields and Company, failed- To-day. The brokerage house was one of the largest in the Dominion, with branches in several cities. NEW YORK, October 6. Due to continued heavy withdrawals, the number of banks closed throughout the country increased to-day with the closure of two in Philadelphia, four in Washington County, Pennsylvania, one at Williams Port, Maryland ; one at Spartanburg, South Carolina; one at Canton, Ohio. The closing of two of the Pennsylvania firms followed the suicide of a Director attached to both banks. VANCOUVER, October 6. There is now a whisper that several of the largest American bankers aru inextricably involved in the German collapse, and that before Wall Street recovers, big failures are inevitable.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19311007.2.29
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 7 October 1931, Page 5
Word count
Tapeke kupu
144BANK FAILURES Hokitika Guardian, 7 October 1931, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in