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BANK CLOSES, WEST PALM BEACH (By Associated Press) WEST PALM BEACH, Fla., June 28-The Palm Beach Bank and Trust company closed shortly before noon today following heavy run precipitated by the failure of the Commercial Bank and Trust company open its doors this morning.
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RUN CAUSES FLORIDA BANK CLOSE DOORS TO (By Associated Press) WEST PALM BEACH, Fla., June Beach bank and Palm closed its doors Trust company shortly before noon today following withdrawal of funds preheavy by the failure of the Com cipitated mercial Bank and Trust company open for business this morning. ASKS DECREE Mrs. Josephine Burnett, Ben ton Harbor, today sued Arthur B.ir. nett for divorce in the circuit court charging cruelty and non-support. They married in October, 1924 and have one child. Mrs. Burnett by Attorney John represented Sterling. dance June Eagles Gents 75c, ladies Adv. 29. 6-28t1. Under New Management. Savoy Restaurant. Cor. 6th and Terr., Wall paper, paint. Try 35c merly Red Cross Drug Co. Adv. Adv. and 45c meals.
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RUN ON BANK WEST PALM BEACH, June 28-Following the close of the Commercial Bank and Trust company here today, for the conservation of resources and the protection of depositors, run on the Palm Beach Bank and Trust company forced it to close its doors just before noon. Depositors milled about the outside of the bank.
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ON BANK CAUSES DOORS TO CLOSE "Borrowed Religion" from the Associated WEST PALM BEACH, June quotation of the Ten Virgins. Palm Beach Bank and closed its doors say that when the car Trust Company shortly before following around and tipped heavy withdrawal of funds crawled cipitated by the failure of the mercial Bank and Trust Company around for business this morning. that
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Florida Banks Close After a Heavy Run West Palm Beach, Fla., June Palm Beach Bank and Trust Company closed its doors short before noon today following heavy withdrawal of funds precipitated by the failure of the Commerc/al Bank and Trust Company open for business this morning. Both banks, was announced. would be closed until reorganization plans now under way are completed. According officers of the two banks they will as soon as all depositors have been seen. This. they believe. will require thirty to sixty days time.
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HEAVY RUN CAUSES FAILURE WEST PALM BEACH. Fla., June 28 (By A. P.)-A heavy withdrawal of funds caused by failure of the Commercial Bank and Trust Company to open for business today was declared responsible for the closing of the Palm Beach Bank and Trust Com pany here shortly before noon.
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Heavy Run Closes Palm Beach Bank Failure of One Responsible for Withdrawal of Funds from Second. WEST PALM BEACH. Fla., June 28-(AP) heavy withdrawal funds caused by failure the Commercial Bank and Trust Company open for business today declared responsible for the closing the Palm Beach Trust Company here shortly before noon. Despite the run the Palm Beach Trust city light that unnecessary for them touch cash. will be closed until officers that they would opened as depositors have been visited.
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CASH RUSHED TO FLORIDA BANKS By International News Service WEST PALM BEACH, Fla., June 29.-The movement of $10,000,000 in cash in armored motor cars from Miami to West Palm Beach during the night became known today when all banks in the city, with the exception of Palm Beach Bank and Trust Company and the Commercial Bank and Trust- Company opened their doors in the faces of crowds through which excitement ran high. With the emergency supply of cash available, bank officials were confident the near-panic among depositors would rapidly subside. The Palm Beach Bank and Trust Company, it was announced today, probably will reopen within 60 days.
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2 FLORIDA BANKS CLOSE West Palm Beach, Fla., June heavy of funds caused by failure of the Commercial Bank and Trust Company for today was declared responsible for the closing of the Palm Beach Bank and Trust Company here shortly noon. Despite Palm Beach Bank and Trust Company other and that for them touch two banks will be closed plans com-
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S.F. STOCK AND BOND EXCHANGE LISTED SECURITIES- CLOSING QUOTATIONS BONDS STOCKS MUNICIPAL BONDS IN MAY. Important issues floated by Ala City and Westchester N. Y., accounted for almost of the $134,847,479 worth of term State and municipal bonds sold by May This says the YESTERDAY'S SALES BONDS STOCKS YESTERDAY'S SALES Crwn Bay 1000 Engels Petrol do Columb Paraffine rights West Pac pfd com Buyer is smaller FLORIDA BANKS CLOSE. the Beach Bank and Trust than that recorded WEST PALM BEACH (Fla.). Company forced it to close Its doors in May of last It is also pointed out the volume June 28 Following the before noon Depositors milled financing during the first five close of the Commercial Bank and about the outside of the bank months of the current year shows Trust Company today "for are keeping order. crowd slight reduction in comparison of resources and the also outside the Commerwith 1925 results. protection of run on Bank and Trust building. is Cos Oreg Elect Natemas 102 100% Tono West 82 Alaska Pool Phillips Assoc N Fed Haiku Inactive trading in public utilities was featured by United Gas Im provement an advance of 31, to Electric Bond and Share at 691/4 declined fractionally while Electric Investors gained V to Carib Syndicate led the Oils, advancing 1½ to 1634. Gulf Oil (new preferred) declined to Stocks. Low Close Stocks MINING 19% Curtiss Gold Doehler Thought 4000 Hawthorne Empire Fageol Mot Tech Inspect Fox BONDS Gen Baking Mohawk STOCKS SESSION Hawain Packing 100% Fruit Copper Leonard Phillips Mex Petrol Zellerbach UNLISTED SECURITIES QUOTATIONS BONDS Cumberland 34 Haw 30 Port Dodge pfdst Motometer 34% Reg on 1075 Fugazi Gold Am Hammer Bray Paraffines rights White House Holland Land 43 Childs Laundries Cont Baking
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Florida Collapse Is Hitting Banks; Run for Palm Beach Cash WEST PALM BEACH, Fla., June 29 -The movement of $10,000,000 in cash in armored motor cars froni Miami to West Palm Beach during the night became known this morning when all banks in the city, with the exception of Palm Beach Bank and Trust Company and the Commercial Bank and Trust company opened their doors in the face of crowds thru which excitement ran high. With the emergency supply of cash available, bank officials were confident the near-panic among depositors would rapidly subside. The Palm eBach Bank and Trust company, it was announced today, probably will reopen within 60 days.