Girard Avenue Title & Trust Company (Philadelphia, PA)

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Six Northern Panks In Hands of State

Oct Medford commercial in this closed At the request of who acted on the bank bethe bank the bank The bank reported total 30 of $7,000,000 and deposits of $5,350.

Philadelphia banks by state banking department Wednesday and the directors of fourth announced after meeting open Thursday The latter institution the Gir Avenue Title Trust Com pany In statement 30 reported and deposits of $2,909,619 It individual funds $937 The which were smaller

Detroit Oct Fidelity Bank Trust closed Wednesday An accompany ing announcement the bank has been taken by the state banking department sets for the Alfred Wilson widow of the late John of the founders of the Dodge Motor chairman the bank's board She announced she would that depositors are in full. Deposits on September 29 amounted $6,507,000

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DETROIT BANK CLOSES; DEPOSITS $6,507,000

Woman Chairman Guarantees Payment of Savings and Trust Accounts.

By the Associated Press. DETROIT, Mich.. Oct. 8.-The Fidelity Bank & Trust Co. closed yesterday, an announcement said it had been taken over by the State Banking Department to conserve assets for the depositors. Mrs. Alfred G. Wilson, widow of the late John Dodge, one of the founders of the Dodge Motor Mo., is chairman of the bank's board of directors. She announced that she would see that savings depositors and trust deposits are paid in full. Deposits on Sept. 29 amounted to $6,507,000.

Fourth Bank Suspension in Two Days in Philadelphia. Baby Foods By the Associated Press. PHILADELPHIA, Oct. 8.-Three 25c Eagle Brand Milk 17c 25c Mennen's Borated Talc::: Philadelphia banks were taken 1.00 Horlick's Malted Milk: 68c 25c Zinc Stearate:: over by the State Banking Depart5.00 Horlick's Malted Milk, 1.50 Castile Soap ment yesterday and the directors 5 lb. 2.79 of a fourth announced that it 25c Imported Castile Soap 65c Dryco 41c would not open today. 35c Olive Oil, 4 OZ. The latter bank is the Girard 2.50 Dryco 1.69 OTHERS will Avenue Title & Trust Co. In a 25c Hygienic Baby Talc: M 1.00 Walgreen Malted Milk, 59c statement June 30 it reported re- appreciate the 5.00 Walgreen Malted Milk, sources of $4,300,127 and deposits extensiveness of this 5 lbs 2.49 of $2,909,619. It also had individual special Sale on Baby trust funds of $937,402. Michael 1.00 Borden's Malted Milk 52c Needs Friday and J. Ryan, former City Solicitor, is 5.00 Borden's Malted Milk, 25c Pyrex Bottles: president. Saturday. Check over 5 lbs. 2.49 Tufto Bottle Brush The other three banks that this list carefully, for 1.25 S. M. A. Powder 81c closed were the Haddington Title it will mean a consid- 1.25 Lactogen: Anti-Colic Nipples: 84c & Trust Co., the Hamilton Trust erable saving to you. 50c Robinson's Barley, lb. 37c 25c Infant Syringe, 1 OZ. Co. and the Wharton Title & Trust Co.

The Hamilton Trust listed deposits of $1,882,046, Haddington Trust deposits of $1,326,581, Wharton $275,000. State Secretary of Banking Gordon announced 10 leading Philadelphia bankers had agreed to serve on an Advisory Committee in liquidating closed banks.

$60,901,000 of $225,975,000 Deposits Paid by Closed Banks. By the Associated Press. NEW YORK, Oct. 8.-The 11 banks which closed in Greater New York in the last year, have repaid $60,901,000 of deposits totaling $225,975,000, a survey disclosed. The Chelsea Bank and Trust Co. and the World Exchange Bank have paid depositors in full with $19,901,000. Depositors in the Bank of United States have received a 30 per cent dividend, and depositors of seven banks are expected to obtain a 50 per cent return soon.

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Transactions on the New York Stock Exchange

Atmosphere Is Restrained But Market in General Gives Good Performance.

By GEORGE T. HUGHES Special NEW Oct made upward in There was no no to phere. but the market in general good Possibly the selling or posway felt the sibly was decided response Washington should for appear in bonds rather in volume in the share market fell In first hour the turnover the same period Active preceding turning the more type of bonds speculative Utility Shares Meanwhile pressure forced against favored the regained part the Telegraph Public Service ground New was and Conof Gas All these stocks selling on reasonable ratio the popular price making allowance industrials stability of the the greater utilities the industrials Rails did street goes from th future of was being done for the the Pennsylvania Notably Firm. Whether that was to come the in way was explained some New York Central uncerbut the toward tainly most levels Norfolk Western adhigher vanced point Penn sylvania was notably firm when other were As for the Chemical Kodak General Motors Eastman up Local traction stocks in the of Manhattan Rapid up at one time Steel ranged close but was held back by uncertainty action on the dividend to about taken Oct The unfilled Sept be tonnage public after the expected to show another

BUILDING PERMITS

Prev. (Prev. 1931) Prev. (Prev. 1931) Prev. (Prev. 1931) Prev. Open High Low Open High Low High Stock and Div. Close Low Stock and Div. Close Open High Low High Low Stock and Div. Close High Low Stock and Div. Close Open High 16 16 5% 4% 151/4 Third Ry Freeport Tex 161/4 16% Petrol Corp 3% 7% Tide Oil. 52 Phelps Abitibi Phil Rd Timken Adams Expres % Motor 23% Timk Roller 25 26 26 Gen Tank Philip Morris Adams 1% Tob Products 64% 64% Asphalt Phillips Petrol 52 9% Gen 14 Prod 13% 13% 15% 15% Pierce Arrow Alaska 25% 14% Pierce Transamerica Albany Bronze 3% Pierce Petrol Cont Cigar 52% 52% 22% 51 Con Cor 37 201/4 Pillsbury 68 Allied 24% 13% Poor Truscon 14 Gen Prairie Pipe Twin Am 6% Pressed Stl 18 Am Bank 201/4 221/2 .30 46% 30 30 30 Proct 30 33% 75% Und 4% Am Gen Mills 3 64 7% 7% Ser 38 Am 21% 21% 48 Gen Un Bag 139% 103% Gen Motors Pullman Inc Union Gen Service Oil 5% 112 981/4 Union Pacific Purity 14% pf 33 1% 1% Uni Pacific 48% 15% Uni Trans 51% Gen 12% 13% Gen Theaters 10% Radio of Am 12% Air Gillette Radio Cor United Glidden Co Radio Am Bosch. 10% 521/4 54% 55 United Carbon 4.20 Gobel Adolph Reading Gold Reming Rand United 31% 75. 12% 12% Goodrich Motor United Corp Am Corp 30% Am 9% Goodyear Tire Rep 43% Goth Hose Reyn Metal Reyn 38% 9% Gas Graham Am 19 19 Granby Richfield 13 102 Grand Ritter Dent 10 Ins Cor. 8% 8% Grand Union 3½ Mill 25% Grant 42% Dutch 52 Gt Store 301/2 Freight Gt 38% Safeway 26 22% 23% 23% Gt 30% 91/4 12% Hoff 1% 62% San 23% Alcohol. 22 221/4 23% 8% Gulf State Steel 6% Schulte Ret Ind 8% Seaboard Leather 3% 4% Sumatra Hanna Seaboard 12 12 12 12 129% 129% Roe Realty 17% Rubber Co Hawaii 12 12 Hayes Copper 15 14% 14% 103% Hershey 11% Servel 104 Sharpe S&R Shattuck 12% 152% 621/4 Hoe 40 20 22% Hol Furna Shell Union Theater 31 Houdaille 3% Shub'rt 19 23% Simmons Co Anaconda 141/2 Simms Petrol Vadsco 36 131/4 Oil 18 17% 121/4 Vanadium Snider % Hud Virg Caro Chem Dan Socony 60 20 Hudson Motor Armour 28% Edi Armour 3% Hupp Wabash Armour 18 Wabash 4% Ind Motorcycle 1% 17% Wald'rf Appar Ind Indust Walworth Co Assoc Ingersoll B. Ward Baking 4% Warner Pic Interboro Rap Warren 59 64 Rubber Warner Quinlan 23% Atlantic 10% Int 121/4 Wesson Atlas 22% 103% 105 West Oil Auburn 97 Carriers 3% Western Austin Cement 95 30% 31 2% 2% 2% 2% 281/4 Corp Int West Brak Sterling Secur Int Westing 9% Sterling Locom Int Int Match 10% 10% Stewart Int 13% Stone 47% 23 25 25 25 Bambgr Int 26% 66% Bangor 28 10% Superior Oil Int Superior Steel Barnett Interstate Wilson Sweets 4% 5% Investors Wilson 33 Bayuk Cigars 21 49% 49% 521/2 42½ Woolworth 2% 2% 2% MONEY AND EXCHANGE 90 2% Tenn 25 25 711/2 28 20 Worthing Pump 25 24 29% 81 Texas 57% 58 58 57% 57% 80% 50% Wrigley 24 20 FOREIGN EXCHANGE 80% Bel 55% 63 102 Jones NEW Bendix 15% 30 14 14 14 121/4 Yale Towne 22 Thatcher Par 3% Yellow Trk 4% 4% 5% 45 101/4 2% Sterling 22 22 22 22 78 20 Young Sh & Tu. 10 France 43 20% Bohn Alumi 24% Kayser 16 18 18 18 *And Extras. Borden Belgium Germany Borg Warner Holland COMPANY GETS PAPERS CHASE RETAINS POSITION Poland DOLLAR IS INFLATED, Kelvinator Cor 7% Spain 40% 40% 12 Wild Coal Firm of Buffalo Incorporated National City Resources Within $100,Greece ECONOMIST DECLARES by 000,000 of Largest Bank. Argentina 42.44 Bruns Tokyo From the NEW YORK Oct 8 -Quarterly Kresge Fisher Says Currency Stabiliza- statements New York city banks, Canadian Budd ALBANY Coal comMontreal cents 5% Wednesday that Groc 20% 20% tion Is Big Problem. Thurs Chase bank retains its posiday to handle fuel Capital. $15,000 Bullard tion the bank Call Money 10 Lydia and Burro 11% The City Wages Charles NEW ruling Bush Term its as and with the the 69% Byers 17% must the and 17% 7% and the dollar today is Commercial Paper Lib deposit totals of the Bank of America Fisher FIDELITY BANK & TRUST. market 39 according to Irving flated would be only about $100,000 000 be53 14% 50% DETROIT, CLOSES DOORS hind Chase in resources and deposits. Time Co economist declare that he does The Chase National showed total resources Time collateral 16% Bank believe buying the not of approximately $2,215,000,000. Na& Trust was closed Wednesmasses be tional City reported total resources day, an accompanying 38% by the the wealthy and the Bank of America Loose Cann .60 stating the bank had been taken over Rediscount 12% and the dif $301 of by the State Banking to among number per The Trust third, 23 23 23 York Reserve assets for concentrated in 111 41 sons reported total resources of $1,717,584,Mrs. Alfred G. Wilson widow of the the of small number of 871. Bankers' Acceptance late John Dodge, founder of Dodge Thirty persons he the 15% Mack company is of the days person would receive would be infiniboard She she would Ninety days Checker Cab $28,807,000 GOLD tesimal Garden 3% see and trust One of the most important problems are paid in full Deposits on WITHDRAWN BY EUROPE the the Six months Sept. 29 amounted to $6,507,000. dollar, Prof. Fisher From the New York Bureau stabilization the BUFFALO CLEARINGS 1927 the dol- EVENING Since the value PHILADELPHIA CLOSING Thursday 241/4 141/4 NEW YORK Oct -Gold was yithlar PHILADELPHIA, Pa., Oct. (U.N.) Motor This has out to the embar- drawn for export to European coun-The board of directors of the Girard 32% 15% nations of foreign debtor tries on heavy scale yesterday. the Avenue Title & Trust company last their debts to daily gold the Federal Renight decided turn the affairs of the Clearings week ending 2.50. in dollars, pointed out. serve bank reflecting of $30, the of 971,000 five countries Of this total last Contrary opinion Banking this morning. The doors did Bank 51% of cost of $28,807 000 was taken out yesterday, cost or not Childs Corresponding last 42 does "feast or famine while 000 was in addition to ex11% 1031/2 The bank had resources of $4,300,127 but ports announced the day according to previous TREASURY STATEMENT Coca Cola 104 McK and deposits of $2,909,619, There was also a net increase of $6.22 rather "famine in money its last 30. Former City Coca 196,000 in the stock of the metal held Petrol The the author of Solicitor Michael J. Ryan is president Col Palm P 2.50 32% 32% 32% earmarked for foreign account this plan to stabilize the dollar The plan of the bank which was founded in 1905 embraces abolition gold coins and is- item to an export. Minn 1% under state charter. October loss of by suance "gold bullion certificates.' 26% CLOSES BANK the Federal Reserve yesterday is $37.22 maintenance 100-per 22 22 167 of gold by is- Oct The 33 Colum 42% First Bank of closed suing retiring as 28% 101/4 this 100 is dis- Wednesday of two and POLE WOULD RELEASE 34 Com 21% half Officials acted to protect tributed by the of Com Solvent the retention of depositors SUSPENDED BANK FUNDS gold and 8% Ward. tual "free coinage 14% Congoleum STONE ASSAILS CRITICS to of naWheel tional banks will be submitted to ConRAIL REVENUE DROPS OF FARM BOARD POLICIES gress by Comptroller John W. Pole in 109% report in 6% 18% Canadian National's August Net Is said Wednesday plan contem ATLANTIC CITY. N. J., Oct. 8.Containe $514,034, $1,752,928 Under Year Ago. C. of the Fed- plated of the national 18 18 Container eral Farm board, struck back at the banking that banks in any 3% Baking 3% National From Washington Bureau critics of the Farm board in make money available the BUFFALO EVENING NEWS. 40 Baking Trans for depositors. The plan, he said, the American Bankers' con48 48 WASHINGTON Oct. -Gross rev37% vention here yesterday, assailing with would bring relief to depositors afenues in August, the Canadian enlarge Contin' fected by the suspension. particular violence those who, with the 251/2 26 National 309 Contin'al 201/4 Other Treasury said the board in mind, plead that the governdecrease compared with Continental Oil ment be taken out of business was feasible and August, 1930. according to report reDistillers 201/2 would money that was tied up He also the criticism cerceived in the Commerce 86% tain bankers that the Farm board was They added that the department would from Trade E. G. Sabine support Pole's plan. Corp in at Montreal Operating for 22 with local banks and defended the that month were as Curtiss 10% operatic of the board Wright pared to in the same month SECURITIES BY AUCTION 5% from last November until June. of Net for month 23 5% Newport Co 3 1931 034 5% of was The BANK WOMEN NAME HEAD were 24 Newton Steel .40 crease of the net of Shares by A. Wright & Co., sold 1931 at 49% Central 53% ATLANTIC CITY. Oct. (U.N 95 August of Per Investors Grace assistant vice International Rustless Iron 102 For the period from Jan to the end Edward and 100 New 36 38 president of the Bank of America of 45% 301/4 Haven of August, 1931 gross were new Angel International Corp. Los Angeles, was elected yesterday to 122 122 119% 80 Haven $117,392,910 of $30,736,310 PLANS FILED Per the presidency the Association of 500 Creighton brick 51/4 West 7% as against the period last year Fairbanks Mines 11% 11% Bank Women, in 6% Dome 10 Noranda Mines. Operating expenses for the first eight 436 convert frame 125 24 months 1931 $115,214,221 a deStores 15 W. H. MAGILL SUSPENDED 172 361/2 crease of $16,970,891 and net alter 42% Drug Incorp 491/4 51 Nor Amer brick plant, was 31/2 Nor BY MONTREAL EXCHANGE 22 22% 22% from that of the same period in 1930. 14% Duplan Silk 10 10 191/4 North MONTREAL W. H. 107 53% DuPont 56% 55% 601/2 Magill, broker with offices in N. Y. BANK STOCKS ACQUIRES COMPANY Ohio Hamilton, Ont., suspended the 185% 93 Kodak 102 102 Omnibus & Whitney subsidiary of Montreal Stock exchange today. Magill NEW the 71/4 201/8 2.50 Bement-Pond company, has had no offices in Montreal, but had Otis national banks and accounts in Hamilton and traded here 25 26 Otis acquired the and assets of the leaders in their NATIONAL BANKS 23 24 25 24 through McDougall Cowans, who 4% 4% 39% 201/2 Owens Keller Enginering corporaBid 21 tion of Brooklyn, N. failed on Monday. The Magill 201/2 America raised the toll of to four 29% Pacific G Chase the of the week 66 Pacific Light'g 3 Chatham Phenix BANKRUPTCY PETITIONS McDougall & Cowans first to be 56% 58% 35% Off 18% Pacific 170 suspended. Then came Greenshields a positive minimum in hazards. Commercial 178 39% 10% Erie 12 4% Packard 2450 2550 Voluntary petitions in bankruptcy were & Co., followed Tuesday by Watson & First National 10% 121/4 12% 13% Paramount in Federal these Manhattan Chambers. All were because 12% Eureka affiants, liabilities and assets being listed Public petitions in bankruptcy were filed 1% respectively TRUST COMPANIES them. Frank Henning individually and as co- against Bid Asked with Elbert Peerless COTTON CROP ESTIMATED Bankers and WASHINGTON Oct. -Based Central Hanover Fed Wat S 1.20 Penick William Silver Chemical 31% 33 34 on as of Oct. the Depart22 44% Penney 50 Penn Cem Shelby ment of today estimated the Corn Exchange 34% 34% and cotton crop in the United States at 16,Empire Foster Penn physician, 284 000 bales. This compared with 250 129 142 4% and Sept. estimate of bales and 18 Inv 22 Harry salesman, Buffalo, and 14,486,000 bales on Oct. 1, 1930. York Fox

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FIDELITY BANK & TRUST, DETROIT, CLOSES DOORS

DETROIT -Fidelity Bank & Trust company was closed Wednesan accompanying stating the bank had taken over by the State Banking department to Mrs. G. Wilson. of the late John Dodge, = founder of Dodge Motor is chairman the board She that she would that savings depositors and trust are paid in full Deposits on Sept. 29 amounted to $6,507,000.

PHILADELPHIA CLOSING The of of the Girard Avenue Title Trust company last night the affairs of the bank over to the State Department of Banking this morning. The doors did not The bank had resources of $4,300,127 and deposits of $2,909,619 according to statement 30. Former City Solicitor Michael J. Ryan is president of the founded in 1905 under state charter.

CLOSING AT OCEAN CITY The First National Bank of Ocean City closed today federal bank examiner after the body of the president Hiram Mowrer. was found in Great Egg Harbor bay

CLOSES BANK NEWARK. Oct The National Bank of Newark closed run of two and half hours. Officials acted to protect

LIVESTOCK nog was strong The was with prices from cents Wednesday medium grades Local packers bought from 15. and pigs were slow at $5.25

Today's Heavies Yorkers 5.90 Light yorkers and Roughs 4.00 4.50 Sheep Lambs. Today's Quotations Spring Lambs fair Yearlings Clipped lambs 4.00 2.00

Calves The Thursday was was light was few good were bought at $10.50 The on culls was Heavy fat 6.00 7.50

CHICAGO LIVESTOCK Oct Department 4000 direct: on best 10@15 cents higher steady cents higher sows cents 300 lbs. 40 and 140-160 light weight, -200 lbs. 500 lbs. $5.50 5.80 and good, 275 500 lbs. pigs, good and 100-300 CATTLE than late no strictly choice kinds best medium $10.25 $9.75 medium fat slow, steady to weak: but low vealers 50 cents higher cattle and 1100 1300 $7 and 1300 lbs. 50 good and and good low and good (beef) and $7.50 and SHEEP steady to good native few $6.50 and better for and medium. comewes, medium to cull feeding ambs, 50-75 lbs., good and choice. 84.75@5.50

NEW YORK LIVESTOCK

VEALERS and CALVES- 1500. including 1260 to ull SHEEP and including 5830 medium steady: $2.00 HOGS all direct; market nominal.

All deeds mortgages and assignments left record to and including Oct. 2, 1931, now ready for delivery. John H. Little to Emma T. Meyers, ClarCharles Dubin to Catherine Pohle, E. William Meyers to John H. Little, ClarClyde F. Horton to Morris Horton, Ruth Barney to cor NE. Ella Reiser to Emma Emma to Harold Collins Frederick Poelk to Timothy Dinan, Samuel Marcovitz Inter Home Building Marie Herzog to Matilda Bergmann

William D. to Margaret F. Jones, Viall Abraham Panimo to Lewis Business Real Estate Myron Maybach to of Hamburg. Hamburg Richard H. Templeton Herbert J. GoellNiagara Falls Blvd Main Frank Craig to F. Lundy Justine Golem to Charles Gau Jr., Tona Charles Gau Jr. to Herman J. Korff, Charles Gatt to Charles Gau W Clarence Terwilliger by referee Joseph Julius Caroline C. Hayn Theodore Ernestine Smith Leonard Bauder M. Bauder Michael Joseph Striebich Kensington 95 Richard Deerfield Mohican Realty Corp. to Katherine Cy. to Melanie Pfaefflin Michael Joseph Kinsella by to George Depew 66 Wesley al. by referee Peter G. Wallace Inc. to John V. Bailey Same to Arthur Lucy M. Klein to Ralph E. Kelderhouse 240 Wiktorya to Anthony Rice Cheektowaga. John Juhasz to Michael Maher, GerJohn Battler Fred Amherst. Oscar Clark to Clinton Cummings, Ellen Cummings et al. to Oscar Clark, Newstead Marcus C. Steese to County of Erie. HamFrank A. Gould to County of Erie. same Sherwood Clara Emil Cecilla Schmitt, Sweeney Thomas M. Sweeney to Florence E. LutzEvans Brown Co., Inc. to Wesley W. Tonawanda Same to Purdy. same Charles A. Fuchs James Zucarelli, Same Russell Grace Selleck HemMarcella Hemstreet to Grace A. SelErb to Woodward 200 Crescent Hartwig et al. to Ida M. Bugen. Cecilia to Rosemarie Sweeney Ernest referee to RobBertha Meikle Albert O. Kline, KenDeerfield to Howard Milks, Tamarack Carmela Surdi, Cor So. Park and Weber Steel Built Homes Corp. Linden Mortgages Laverne W. Co. Amherst bank $4000, illiamsville to John C. Kohl. $300, Girard

Lewis to Mearl to Buffalo Savings John Loan Albert to Elizabeth Hamburg Same William V. Heise as exr. $2000 Hamburg. Frederick Bulman to Niagara Sav & Loan Charles Niagara Day & Loan W. Herberger to Clarence Scott William H. Scott Byron Exchange Allen Inc. 680 $1500 Elsie Buffalo Savings Bruno Newman, $6000 Ludlum County Savings Meriden to Prudential Ins. Ebert G. Wallace Co., Finch Tonawanda same Kelderhouse Lucy M. Klein. Riverside N. Philadelphia, Loan 340 Cheektowaga to Buffalo Savings Bank Raymond Mahar to First Trust Co. of Fred Klinck to John G. Stattler $2500 Hill Corp., $5800 Securities Corp to of Holland, and Clark $600, NewWalter W. Schmidt Bowen Securities Corp. Eberhardt-Tolsma William Helf Nye Mtg. Corp., $8000, Joseph Koltys to The American Bank, $3000 O. to Parkside Sav. & Loan John Hanna $2600, Charles Haffeldt to Buffalo Savings Bank, Krettner Milks Caroline Kreutter, Ernest Williams to Ella M. Sharkey $550. Royal Nye Mig. Corp. $6300 Kay N. of Land Bank of to Erie Sav Loan Assoc Mary Reimann to Erie County Savings Evelyn Buerger to Thurman W. Stoner John Life Insurance Co. to Parkside Ass'n David Krauth Anna Krauth, $500. Same Same to Same to Same to Same same, Same to Same same. George Umhauer, Inc. to Joseph A. Dewey, Inc. to N. Whissel Lumber Marine Trust Co. to Nye Mortgage Corp. Same to Same to Same to Nye Mortgage orp.-Prudential Insurance Co. Nye Mortgage Corp. Marine Trust Co., Same to Prudential Insurance Co. of Mae Erb Wallace $1500. Erie County Savings Bank, Hill Mortgage Corp. to Marine Trust Co., Mae M. Erb. Exrs. to Grace M. Wallace, $2000. Same same, Same $2300 William Schabel to Catherine Schabel,

EAST BUFFALO. Oct 8. Cattle Hogs 1500 1200 200 attle 42 loads of grassy bids There not trading up Cows and Wednesday Today's Quotations. Prime heavy shipping 1100 Long Light and 25 Common quality Yearling Common Fancy Good Fair butchering Cutters Canners good Canners bulls Sausage bulls Stockers and 4.00

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SOON HOOVER URGES FIGHT BE PAID BY UPON WANING CRISIS; FIFTEEN BANKS PARLEY ADOPTS PLANS

153,000 Depositors in Six Closed Phila. Institutions Benefit Within Few to Weeks

Bankers Trust, Darby, Girard Ave. Title, Glenside, Jeffer- son and Mortgage Security

Co. Included

Six closed Philadelphia banks and nine in communities throughout the State will pay dividends to deposi- tors within little more than month, according to announcement made yesterday by Dr. William D. Gordon, State Secretary of Banking

The Philadelphia banks are the Bankers Trust Company. Darby

Bank and Trust Company of Darby Girard Avenue Title and Trust

Company, Glenside Bank and Trust

Company of Glenside, Jefferson Title and Trust Company and the

Mortgage Security Trust Company

More than 153,000 depositors in

Philadelphia and elsewhere will benefit through the dividends The payments will bring the total amount paid by closed banks to positors to approximately $19,600.000. Of this $8,478,412 will have represented payments by the Bankers Trust Company alone.

Payements to Be Made

According to the announcement, the Bankers Trust Company will pay 10 per cent. dividend of $2,792.on September 30, following 20 per cent. payment last November. This reduce the remaining deposit liability of the institution, which closed in December 1930. to slightly more than $25,-

Darby Bank and Trust Company will make payment of $56,060.52 representing five per cent. of its present deposit liability, next Wednesday. It made first payment of 20 per cent. last October Five per cent. will also be paid by the Girard Avenue Title and Trust Company September 13, that percentage amounting to $121,-

Glenside Bank and Trust Company will pay per cent., or $155,041.52 September It made previous payment of ten per cent. August *Jefferson Title and Trust Company will pay total of or 7½ per cent. of its total present deposit liability on September five per cent. payment, totaling will be paid by the Mortgage Sescurity Trust Company next Wednesday

A CALL TO ECONOMIC ARMS