14754. Bank of Angola (Angola, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 30, 1932
Location
Angola, New York (42.638, -79.028)

Metadata

Model
gpt-5-mini
Short Digest
ac96cb4e

Response Measures

None

Description

Newspaper articles state the Bank of Angola was recently closed (Jan 30, 1932) and by April 8, 1932 reopening was reported as likely after seeking Reconstruction Finance Corporation aid. The pieces do not describe a depositor run; they describe a suspension/closure and attempts to obtain federal funds to reopen. Cause of suspension is not specified in the articles, so classified as 'other'.

Events (3)

1. January 30, 1932 Other
Newspaper Excerpt
request for funds which reopen the Bank of Angola has received Charles G. Dawes ... from B. Crittman, member the depositors' committee of the recently closed Bank of Angola to James M. of Buffalo. Mr. Crittman ... the majority who have mortgages ... will pay them up given little time. Before this can be accomplished ... the bank can get the remainder through the reconstruction finance bill just passed ... people will be transfer their homes which in many cases, mean life savings.
Source
newspapers
2. January 30, 1932 Suspension
Cause Details
Article refers to the bank as recently closed but does not state a specific trigger (no run or explicit insolvency detail given). Seeking federal reconstruction finance funds to permit reopening implies closure for financial reasons but cause not specified in text.
Newspaper Excerpt
recently closed Bank of Angola
Source
newspapers
3. April 8, 1932 Reopening
Newspaper Excerpt
ANGOLA BANK REOPENING LIKELY SOON, SAYS MEAD / Reopening ... of the Bank of Angola an early date ... Mead of Buffalo said Thursday ... he conferred with officials of the bank ... report that merger ... reopening ... likely soon.
Source
newspapers

Newspaper Articles (3)

Article from The Buffalo News, January 30, 1932

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Article Text

ANGOLA BANK ASKS AID Federal Loan Sought to Permit Reopening. From Washington Bureau NEWS. WASHINGTON, 30-A request for with which to reopen Bank received Charles Dawes. of the struction finance corporation from E. Crittman. member the depositors' of the recently closed Bank of Angola letter to James M. Buffalo, Mr. Crittman "the majority who have the bank can will pay up given little The this would them time needed. Before can be accomplished. however, turn portion of these notes and into accumulate three-quarters the needed permit the of the bank can get the remainder through the reconstruction finance bill just passed of our transfer their homes which, in cases, mean life savings.


Article from The Buffalo News, January 30, 1932

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Article Text

ANGOLA BANK ASKS AID Federal Loan Sought to Permit Reopening. From the Washington Bureau the EVENING NEWS. Jan. request for funds which reopen the Bank of Angola has received Charles G. Dawes. head the reconstruction finance corporation from B. Crittman. member the positors' committee of the recently closed Bank of Angola to James M of Buffalo Mr Crittman the of persons who have mortgages notes the can and will pay them up given little The this would give them the time needed. Before can accomplished. turn portion of these notes and into been unable accumulate the needed permit the reopening of the bank we can get the remainder through the reconstruction finance bill just passed of our people will be transfer their their homes which in many cases, mean life savings.


Article from The Buffalo News, April 8, 1932

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Article Text

Transactions on the New York Stock Exchange WEEK'S BROKERS' LOAN DECLINE IS $9,000,000 the EVENING NEWS NEW weekly statement of brokers of 000 during the week ended April to with the 1932 low and with on April 1931 for own with week Loans town banks totaled against $82,000,000, and loans of ed 000, against Demand loans constituted the with and loans $100,000,000 against STOCKS EX-DIVIDEND TODAY Alaska Juneau Gold Mining American Works & Elec 75 du Pont E. de Nemours deb. Gold Sears, Roebuck & Co. INVESTMENT TRUSTS (Prev. 1932) Prev. (Prev. 1932) Prev. (Prev. 1932) Prev. Prev. (Prev. High Low Stock and Close Open High Stock and Div. Open High Low Stock and Div. Stock and Div. Open Open High Sugar 98 90 93 90 90 Grigsby Abra Stra 10 Texas Corp 1 11 Adams Express. 3½ Sulphur 18% 181/4 39 24 Adams 25 25 8% Hall Print'g 8% Pac 52% Steel 35% 83 69 Hershey Choc 69 Land 113 Steel Air 70 Hersh 70 68% Thatcher United 16% Alaska Houdaille Hersh 2% Third 10% Power Corp. Houston Oil Third Ry Allied Howe Sound Tide Wat As Oil Vanadium 8% Allis .50 91/4 Hud Man 50 Timken Corp 11% Hudson Motor 23 14% Timk Roller Vulcan 161/2 16 Am 5% Hupp Motor Car 2% 2% Agri Transamerica 3% 10% Am Bank Tri Cont Corp 1% Wabash 1% Am Illinois Central Tri Con Cor Indust Rayon Trico 2.50 29 Ward Baking 28% Am Chicle Ingersoll Rand Warner Alcohol Interboro Rap Und Ell Fisher Warren Bros Intercon Rubb'r Carbide Warr 2% 117 Bus Mac 10% Un Oil Webs Carrier 40 Union Pacific 10 Wesson Oil 2 39% Am Inter Cement Un Pacific West Hydro Un Tnk Car 31 West'rn Union 4% Inter Uni Trans West Air Brak Am Interna Nickel Un Air Westing 23% Fdry Inter Paper United Biscuit West 641/4 Am Paper United Carbon Weston Inst 101/2 1% United Westvaco Inter Tel 5% 5% 12 10 White Motors 8½ 18 Investors Equity White 18 Am Mill 29% White Sew Mac Razor Jewel Tea 26 United Fruit 3 White Sew 18% 12% Johns 15% 12% 12% 38 37% 45% 36% Woolworth Ind Alcohol. 22½ Worthing Pump 22 Am Stores 39% 37 Leather Wrigley 39% Sugar Ref 10 10 9% Kelly Spr pf. Realty 5 2 Yellow 106 101/4 105% Am Hay 5% Rubber Co Extras. Stock. 3 Kelvinator 25 Kennecott Am 20% 8% Kresge 9% to 30% RUBBER Kreuger Values at $24,510,826,280 3% Kroger Groc *1. 12% 15 15 Am 12% Cop 40% Lambert 42 41 41 CONSIDERED 12% Anchor Total for New York Exchange Compares With Armour Lehigh $67,478,138,151 in January, 1929. Armour Armour Val pf Assoc Lehman 36 36 Gds Bishop Mentioned as "Czar" Special to BUFFALO (Copyrisht) Kreuger & Toll shares were quoted in 50 NEW YORK, April 8.-The market London Thursday at Actually. the 8% 9% Myer 47 for Development of Concerted 49% all shares the Atlas Powder man who was selling them for nothing Buying Policies. York dwindled Liquid Carbon would have to pay commission to his of according 151% 521/4 Incorp 3. Auburn compilation issued broker while the man who bought them Loose compares $67 nothing to pay Lorillard By BRADLEY W. TRENT in January, with still his broker Hence the Aviation Corp 2% larger total just before the crash of buyer would be paying something for 32% 15 YORK. April an effort to Louis Nash October shares worth nothing. stability into their Baldwin The market, therefore, has had Locom in the rubber allied 30 industries are Macy decline per cent., see where Ford is going to bring Baldwin discussing plans for placing their prob4% Magma 50. the loss to $454 for out week. ob10% under the one Manh and child in the served the board wit. Barnsdall George T. Bishop, president of Conti4% Manh 60. United States queried the innonental Shares corporation, is being 121/4 This, does not include the cent bystander. Marine 80. 9% 23 Beatrice 24 prominently mentioned for the post depreciation in commodities, unlisted be convertible roadster. "rubber who would to bring Belding securities. and bonds and securities Instead the rumble seat will have Math 13% about in this industry as other Bendix traded on the Curb exchange on Stock exchange in the rear.' May Stor "dictators have stabilized various markets in other parts of the country. 14 One Wall street statistician estimated The Monday after Easter wellCrude rubber in 1929 averaged Bohn that the probable aggregate known stock went into his McKeesp't cents pound, before the start of the 40 runs over $2000. garden white McKess depression. as against pound 12% 6% "There some the fig- he until caught it. Seen quoted here today. Rubber consumpMcK Rob of said Captain "Duke" Wilson, vet- the trader tion in the United States totaled 469,501/4 Miami Copper eran market "If the bears 'I'm rabbits for life. Bklyn 804 tons in 1929 against tons Cont Petrol sold the entire list short at Thursday's They unlucky for me. have made Bklyn Midland Steel 2% prices and covered nothing. they 16 trades on both sides of the market Bruns These drastic declines in price and Minn Moline Po. could not make more than $25,000,000,- since then and took loss in every one have forced several large them I've decided quit trading Budd Tex rubber companies receivership. until up four-leaf clover or 13 Tex 101/4 Profits Diminish. Apropos of covering at nothing, a 21% Pacific Ry Profits other dimin65 to the vanishing point. Carpet world rubber output re- RADIO QUOTA REDUCED MIDLAND NETS 30C 30% Chem 22% 20% mains unchecked the two largest Montgom 2% 21/4 21/4 producers the British and the Dutch, Mother just announced their inability to France Cuts Imports from Per Share Earnings for Quarter ing Prods on restriction any plan. Cor By the their America 70 Per Cent. Hold Well. Capital Adminis Murray Cor of are fairly large crude, but the Tractor Special Net earnings, after taxes, of Marine 10 shrinkage the of such stocks 121/4 12 NEWS. owing output, and Midland and its 5% 32 PARIS. April 8.-No more Amerithe prices of products banks, trust companies and security afNEW April 3% Reg 87/8 result of sets can imported trust on over the mar- 24 4% 5% 23% 231/4 have placed rubber manufacturers be- France for the of this amounted 585 for the quar20% Distillers 18 year. the quota for first quarter Bid Asked grinding millstones. ter ended March 31, the corporation 87/8 has been cut per learned the New York Shipments one of the better Corp by the American Chamber of Comindices of the industry. Jan- Stock This is Gen Supply here Friday uary were per hose 30 cents a share on the National Surety 9% Varied is accorded to dif. capital of January 1931. January 1931 Br&Con Nevada 27/8 2½ ferent countries by French shipments below Net the bank holding company for Comp Central 22 those orders. Holland's quota slightly de- the full year ended 31 $6,the 1930 Investors creased. Germany's is reduced by equal to $1.15 per share. and 27.9 per cent. below those of Janthird. Britain's been in16 uary 32 Leaders Gather. creased by per and other ASSOCIATED OIL 36 120 In view situation Mr quotas by Net income $3,112,388 36 per 105 West 12% Noranda of Continental Shares corpora- per share, was reported today by the Mine 135 the quota to the clated Oil company for 1931. after deCollins West 10. company formerly 6% United the was ducting 516,586 for by Cyrus W. Eaton. which 24% one of the largest holders rubber 498 quintals which This $7,215,284, or Bankers Nat the invited 32 leaders was increased to 630 quintals following $3.15 share, for Colum Carbon 29 75 73 Basic of finance, most them representations by Ambassador Walter 10% FREEPORT TEXAS E. Edge. quota for the second more or less directly connected with Solvent quarter has been for 200 quintals Freeport Texas company's rubber problems. to luncheon meet- earnings Co This little more of for the first were slightly larging here this week. Century that allotted Holland and less than than in the quarter of 1931, Gen Bishop Montreal ThursEquities Chartered 68% Gas one-fifth of Germany's quota said Eugene beElevator 13 12% day, but his guests Chartered 4% fore departing for The comConsol 86 21/4 21/4 he had as "czar" for Exch REDUCTION PROPOSED pany did not issue statement for the Con Laundr's the rubber view of perExch NEW YORK. April New first quarter last year, but for the Pacific haps 26 251/4 has Corporate six months ended June 30 reported Container rubber. 33% from the Petroleum Corp. of America Corporate 33% profits equal to $1.62 share. Conti Baking used by pool back Corporate Pacific of proposed Conti 1925 when the Stevenson restriction act. capital stock 4,000, shares LIBBY McNEILL LIBBY 47% sponsored by Great Britain, caused rubPet 10,000,000 shares. ber soar to pound aroused packers of Cont'l 5% net the opposition this country which loss of Depos Ins Series 2.65 for year ending Feb. 27. the world's largest rubber Continen BUSINESS AT A GLANCE Volume was per Depos Shrs Continental 51/2 cent. less than for the preceding year NEW YORK April (AP) following Penick Ford ANGOLA BANK REOPENING 23 23 Corn Penney 291/4 291/4 28% LIKELY SOON, SAYS MEAD New REMINGTON RAND GETS Prod 114 York, for the Penn 13% Incorp 121 From Bureau ALASKA JUNEAU GOLD MINING CONTRACT FOR SYSTEM EVENING Crucible Pere April Reopening A contract for the first Cudahy 37/8 of the Bank of Angola an early date of central system Phelps Dodge AMERICAN CAN COMPANY James M Sued by six of remote record control for departShrs Wright 1% Rd 2% Mead of Buffalo said Thursday upon ment stores has by RemPhillips his New York city where ington Rand, Kaufmann Trad 4% return from De 151/4 dividend Incorp Investors he conferred with officials of the State Stores, Inc., Pittsburgh. 28% Postal 3% The new elec3% AMERICAN WATER WORKS 42% Mr. accompanied by State trically operated. for control Feb. 29 off Ray .60 Wojtkowiak of Buffalo, per cent: off per cent stations throughout stores All records 40% 95 Gen. Schohl of at- BETHLEHEM STEEL are automatically recorded as are 94 16 the bank and P L. Schwert reInc port that merger with Dome Mines of Angola. company The system has been produced and Co Trustee 3% Store is being part by Purity Bak ISLAND PACIFIC Drug tral Records, Inc. The Powers Tabu Incorp Angeles running AMERICAN RADIATOR lating link in the Indust Duplan Silk 10% INDUSTRIAL RAYON Priced Shrs Am 51/4 system Rand the exDuPont deN Corp Shrs earnings quarter ended clusive Corp B (By Standard Statistics Co.) with March Invest Radio Keith sales under H. R Rus. East Kodak 3% American Radiator & Standard San- UTILITIES IN65 11% Raybes Ma VESTMENT sell. general the Powers Manage of no Manfu 50 itary corporation. quarterly Tabulating Machine division Wide 20 Reading 20 23 $6 lien preferred Central Auto 20 Radiator and Standard SaniIndust Shrs Records affiliated with the Auto2% 2% trry the leading sales up matic company, which Reming Rand 21/2 of heating and equipment, per up 0.2 per turn is subsidiary of the Associated Am 11/2 Motor 1% with facilities extending to all world 15% Pow ROAN COPPER LTD. Telephone & Telegraph company. Iron Stl markets The complementa nature Elec Steel Cor of of products of is per331/4 Elec Stor 201/4 32 Reyn Tobac 32% mitting distribution econo- was 2054 long tons blister JAMESTOWN FURNITURE units Off Bldg Col Richfield Assoc Diversification of output has been FIRM IS INCORPORATED Rossia 3½ crease Fidel by by the acquisition has From Public 13% Royal Dutch Co Paris and will Tire 16 Firestone can Gas corporation and af- the EVENING NEWS. 53 First 2.50 44% filiation Silencer AUTO esti- ALBANY April Metal 39 Safeway Store 451/4 Int Rubber per off ation, made Furniture Jamestown. in12 Lead 60 61/4 61/4 Foster Wheeler supplying of full line of mechanical corporated Friday metal furHONDURAS Louis Fr. Foundation Co equipment windows) essential in niture. Capital, $5000. Stockholders: Selected $2 Seaboard Air Freeport Tex 143/4 new building construction. The gen Algot E. Larson and E. A. Keeling 6% NEW Seab Selected Income February Jamestown: H. Swanson. Falconer. eral business depression, Selected Manage Sears 221/2 201/2 stimulating research and development Bank Gen Shawmut 18 Servel Inc COMPANY AWARDED Spencer of new products, well PS Baking: Sharon nomical production and marketing ELECTRIC COMPANY Bronze Shattuck company Gen methods Stand Shell Union Oil Net profits the company in 1931 company has awarded contract Street 60 ACUUM supplying the electrical power equipLouisiana Foods: Simms Petrol ance for common stock In the year ment for the new Fulton street subway Skelly before the company reported the OIL COMPANY in Brooklyn on its bid of Gen and Texas Socony Vac alent to 60 cents common share 61 Gen Motors Calif the company showed net Edi Gen Motors 231/4 BANKRUPTCY PETITIONS 68 of balance sheet. Stand 65 South'rn Pacific on Gen Trustee 21/4 Dec. 31, 1931. total current Southern Ry Trustee and CORPORATION License Voluntary petitions bankruptcy were 141/2 Porto Sug Trusteed sets of of which Andrew use of Federal Thursday these Trusteed Am Sparks Withing mountings affiants, liabilities and being Theaters Trusteed 10 with and 60 20th Cent Saf Raz signs 461 97/8 Brands 20 the end earnings 1930 101/4 the largest moving picture and 60 14% ment While probably be materially Goodrich Co Goodrich 211/4 the concern's United TION COMPANY Wyoming Bank 22 and wide $190 position and recovery with 70 tion 90 presage Sec of building Goth 19% sustained Hose. NAUMBURG Stewart Schedules of liabilities and assets filed Graham Competition is $295,725 Stone cutting has resulted, be but the PRODUCTS Granby Mi Studebaker 1.20. should followed enjoin alleged sales, by and Grand 61/4 15 of the activities of Levitt Superior stabilization eventual makers of corn products. $6573.95 and