AMERICAN BANKS CLOSE
Press Assn.-
— By Telegraph — Copyright).
Rec. Oct. 14, 9.0 p.m. NEW YORK, Tuesday. The Kountz Company, one of the ildest stock exchange bond firms, ind the first dealing exclusively in londs to close its doors, has suspendid. Its insolvency was caused mainly >y the extraordinary depreciation of he prices of high grade bonds. Morganatown, a West Virginian own of 25,000 residents and the site if a prominent university, is left rithout banking facilities, with the closure of the Second National Bank, yhich constitutes the third bank to :lose recently. At Boston two local trust companes, with total deposits of over 7,300,'00 dollars have closed to conserve heir assets.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19311015.2.12
Bibliographic details
Rotorua Morning Post, Volume 1, Issue 45, 15 October 1931, Page 3
Word Count
111AMERICAN BANKS CLOSE Rotorua Morning Post, Volume 1, Issue 45, 15 October 1931, Page 3
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in