44ebff26Full suspension, Books examined
Other: Board closed bank following heavy withdrawals; state superintendent/examiner en route.
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Mobile Bank Closes Doors Following Run Mobile, Ala June the Peoples Bank of Mobile morning, the the institution closed of orders of the board of directors the same time statement was issued Stewart dent. the of on his way to bile and that officers the stitution that with the the official some vice plan of bank's business would be arranged.
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RUN ON BANK, DOORS CLOSED (Rs The Associated Press.) MOBILE. Ala., June Following run on the People's Bank of Mobile this morning, the doors of the institution were closed on orders of the board of directors. At the same time a statement was issued by Stewart Brooks. president, that the state superintendent of banks, was on his way to Mobile. and that officers of the institution believed that with advice of the state official. some plan for the continuance of the bank's business wuold be arranged.
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RUN ON MOBILE BANK CAUSES THE SUSPENSION TODAY MOBILE. June (Associated Press) Following run on the Peoples Bank of Mobile the doors of the institution were ordered closed by the Board of Directors. At the same time it was stated by Stewart Brooks, president of the bank. that the state of banks on his way to Mobile and that officers of the institution believed that with the advice of that official that plan could be worked out for continuing the business of the bank
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MOBILE BANK CLOSED Creditors Will Be Paid In Full And Balance Will Be Left June lowing run on the People's Bank of Friday the doors of the on the board of issued by Brooks, president, that the state banks was on his Mobile, and that officers the institution that advice of official some for the bank's business arranged. The also declared officers the institution were opinion that assets ceeded liabilities. and "If liquiall depos. creditors will be paid and substantial balance will
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Mobile Bank Is Closed After Run MOBILE. Ala., June Associated Press. -Following run on the People's Bank of Mobile this morning the doors of the institution were closed on the board of directors. At the same time a statement was issued by Stewart Geo. Farleigh Brooks, president, that the state superintendent of banks on Professor of Music his way to Mobile and that officers of the institution believed that with advice of the state official, some plan for the continuance of the bank's business would be arranged. If housewives in the United States were paid for their labors at the rate of $15 week. the payroll would be fifteen billion dollars yearly.
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Run Causes Closing of Peoples Bank of Mobile Mobile, on the Peoples Bank Mobile morning doors of the were closed orders of same time was issued by Brooks, the superintendent of banks was on to and the officers the tion believed with the advice of the state official some plan conof bank's business would be The statement also clared officers of of the assets ceeded liabilities and that becomes necessary all and paid in and balance be left the stockholders."
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Mobile Bank Closes After Morning Run Mobile Aila. June the Peoples Bank doors of the Mobile morning institution were closed orders the board issued time the Stewart banks state officers his that with ad the the state the bank's plan for would be arranged. Oxford. Oliver Lodge by science gards possibility but inevionly table.
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Mobile Bank Crashes Under Run During Day Mobile, Ala., June lowing a run on the Peoples Bank of Mobile this morning, the doors of the institution were closed on orders of the board of directors. At the same time a statement was suell by Stewar. Brooks, president, that the state superintendent banks was CD his way to Mobile and that officers of the institution believed that with advice of the state official some plan for the continuation of the bank's business would arranged.
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MOBILE BANK CLOSES MOBILE, Ala., June 10.-(A.P.)Following run on the People's Bank of Mobile this morning the doors of the institution were closed on the public by the board of directors. At the same time a statement was issued by Stewart Brooks, president, that a bank examiner was on his way here and that officials of the institution with advice of the state official, some plan for the continuation of the bank's business could be arraigned.
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Mobile Bank Is Closed After Depositors' Run Mobile, Ala., June 10 (P)-Following run on the People's Bank of Mobile this morning, the doors the Institution were closed on orders of the board of directors. At the same time statement was issued by Stewart Brooks, president, that the state superintendent of banks was on his way to Mobile and that officers the institution believe that with advice of the state official some 'an for the continuation of the bank's business would be arranged.
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Flood of New Issues Keeps Price of Listed Bonds Down Pre-Holiday Hesitancy Also Contributes to Market's Dullness-Tax Payments Due June 15 Tie up Traders' Funds - Convertible Issues, Strong during Week, Turn Reactionary-Foreign Group Irregular. RUN ON MOBILE BANK CAUSES ITS CLOSE MOBILE. Ala., June 10-(By Assoclated Press) The Peoples Bank of Mcbile was closed today after a run on it. Stewart Brooks. president. announced that the state superintendent of banks was enroute here and that with his advice it was believed plan would arranged to carry on the bank's business. He also said the bank's officers believed its assets exceeded its liabilities and that if necescary to liquidate all depositors and oreditors would be paid in full and substantial balance left for stockholders. NEW YORK. June 10.-(By Associated Press) Another large volume of new bond offerings pouring into the market today, increased pressure against listed securities and prices on the whole settied a little lower. With fresh issues still coming in at a rapid rate. dealers generally look for little change in conditions until the July demand begins to make itself felt when 1t is hoped that much of the present accumulation may be cleared from dealers' shelves. Today's listlessness undoubtedly was partly attributed to pre-holiday hesttancy on the part of many traders in anticipation of an idle Monday during the Lindbergh welcome. Preparations for tax payments on June 15 also was instrumental in keeping some traders out of the market. Convertible issues which were particularly buoyant during the earlier days of the week. again turned reactionary today Erie "D" 4a were offered in large numbers. and dropped more that point. International Telephone 5 1-2s developed heaviness after an early period of firmness. High grade issues were practically at standstill. Irregularity characterized the foreign group in which no pronounced buying movement was noticable any where Italian issues again moved downward for no apparent City of Milan 1-25, in particular, declining sharply. Second Liberty 4 1-2s were under quiet accumulation and firmed up slightly Secretary Mellon intimated that the time for exchange of these bonds for new Treasury 3-8a ma/ be extended beyond June 15.
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MOBILE BANK FORCED TO CLOSE ITS DOORS MOBILE. Ala., June 11. (AP) Following run on the Peoples' Bank of Mobile Friday morning, the doors of the institution were closed orders of the board of directors At the same time statement was issued by Stewart Brooks. president and that the state superintendent of banks was on his way to Mobile, and that officers of the institution believed that with the advice of the state official some plan for the continuation the bank's business would be arranged. A few odds and ends in lengths suitable for men's trousers. Will make up at reduced prices. e a cock Clothing C m any, 1017 Broad. For Good Frinting Phone 3105. Quality Press.