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BANK CLOSES Connersville, Ind., Dec. 24 (A. P.)-The First National bank here was closed today by order of its directors, frozen assets being given as the cause. It is understood the bank, capitalized at $200,000 is solvent. The board of directors announced a statewould be issued explaining the action.
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Large Miami (Fla.) Bank Fails to Open Miami, Fla., Dec. 23-(AP)The City bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National bank in Miami, did not open this morning. The bank had a capital of $100,000, surplus of $50,000 and deposits of $600,000 at the last call. BANK CLOSES Connersville, Ind., Dec. 24 (A. P.)-The First National bank here was closed today by order of its directors, frozen assets being given as the cause. It is understood the bank, capitalized at $200,000 is solvent. The board of directors announced a statewould be issued explaining the action.
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NOTES OF THE STREET New York Stock Exchange has mitted to the list the Newport Co. common stock, without par value. The Elgin National Watch Co. has aker no action on its dividend. pending 10re complete report for the year. year ago extra of $1 was declared and three months ago quarterly dividend of 50 cents was paid. R. S. Reynolds, president of Selected Industries, Inc., on the decision of directors to omit quarterly dividend of $1.37 1/2 on prior stock, said while assets substantially exceed capital value the stock even on the basis present essed market quotations its securities, "nevertheless the shrinkage of security values has been such to preclude the payments of dividends for the current quarter on the stock under the Delaware law. Arrangements have been made for the sale of two New York Stock change oberships at $200,000 each, decrease of $10,000 from the previous sale. The Pierce Arrow Motor Car Co. filed with the Secretary of State New York certificate of reduction shares from consisting 000 $100 par preferred 427,375 shares of common, to 499, 475 shares, of which 72,100 are $100 par preferred and 427,375 of common. Stockholders of the Stout D. & c. Airlines voted to dissolve the company liquidate the assets. pay. of about $3 in cash share will made shortly and the remainder the assets will be distributed tockholders as soon as is possible to conclude the company's affairs. Construction contracts awarded in the States east of the Rocky Mounains during the period from December to 19. totaled $161 020 daily rate of $9,471,800 per business day. against daily rate of $11,024,900 for November, Dodge Corp. reports. The daily rate for December last year $12,654,700. Contracts awarded for to December totaled $4,618 700, against $5,672 339,800 for the corresponding period last year. Clifford F. Messinger, vice president, been elected president of the Chain Belt Co., to succeed his brother, C. R. Messinger who resigned to become president of Oliver Farm Equipment Co. C. R. Messinger was elected chairman of the board of Chain Belt. Total loaded cars handled by the Railroad system week ended December were 107,693, which compares with 114,790 in preceding week: with 135,321 week 1929: with 144.339 in 1928, and with 128,092 in 1927. The stock list committee of the Philadelphia Stock Exchange has stricken from the unlisted department of the Exchange, Exide Securities Co., New Haven Clock Co. has issued the following Regular December meeting of directors of New Haven Clock Co the matter of preferred dividend was not reached. tion thereon will be taken up the next meeting, to be held January is regular quarterly dividend of $1.621/2 per share will be declared. payable February 2, to stock of record January 28. Several mergers among the Independent units in the automobile industry view of the increasingly sharp ompetition in the medium priced field are viewed as very probably by L. F. Rothschild & Company, in a survey of industry. Pronounced activity in apartment hotels, public work and unclassified engineering projects raised the past week's value of heavy construeproposals announced throughout the country to $61,660,000 for all types of work except highways, ConDaily reports. This compares with $38 in the preceding week and $119,275,000 in the corresponding week last year. Daily gold statement of the Fed. eral Reserve Bank of New York yesterday showed imports of $3,000,000 from Canada. There were exports, but an increase of $2,000,000 in gold marked for foreign account was reported. Dividends Declared Bank Clearings The following stocks bonds were STOCKS Shares Price Trust Broad Chase York Men Co. Co Pick Worth, Inc., Receivers NEWARK, Dec. 24 (A. P.) Worth. women's wear store, Bank closed its doors today two receivers were appointed Stuart Young was appointed Federal Court receiver the voluntary petition of bankruptcy filed by Philip Daniels, head of the Newark store. Vice Chancellor Church appointed John A. Bernhard custodial receiver on application of Henry W. Morris, credit manager of the News Publishing Company. which has claim of $8442. Seeks Reinstatement NEW Dec. 24 (A. Norris B. Henrotin, who was floor Roll member of the New York Stock Ex Tob Prod change firm of Sisto Co., which Corp was for insolvency Septemdo ber 30, has been proposed for reinContinent. statement as member of the Exchange. The committee on admissions Product. 31. consider the proposal December Traer Third Moratorium Issued LIMA. Peru, Dec. 24 (A. 250 Federal decreed BONDS moratorium for the Bank of Peru which permitted suslast October because heavy run. new runs until Among the reafor its issuance impending study the bank's affairs connection American with mission headed by Dr. K. Kemmerer Coal Indiana Bank Closes CONNERSVILLE. Ind. Dec. 24 (A. The First National Bank here was today by order the Frozen assets was Materials given as the cause. It understood the bank capitalized $200,000. is solvent. The Coffee Market YORK COFFEE Bolivia Carpet. opened 8 to May July Wire Jundiahy West Raw Silk Market SILK Wabash pfd Waldorf crack double Bak 1930 Mines 106% York Dry Market NEW Zenith Radio than
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Has Infection. Vera Jean Moon. the nine-yearold daughter of Mr. and Mrs. Ernest Moon of East Jefferson street, is confined to the home suffering with a serious infection of the left breast. caused from a bruise. The little who is a pupil at the third ward school received a bruise when she and a playmate bumped into each other at school. The hurt was not serious enough at the time that any note was taken of it. After the infection developed. this was the only hurt that she could remember receiving. Mrs. Moon. is also under the physician's care suffering with ulcers of the throat. Following an operation for removal of diseased tonsils in the fall, there has been some slight infection from the poison which is slow in healing. Bank Receiver Chosen. Noblesville, Ind., Jan. 10.John Owen, of Noblesville, has been appointed receiver for the First National Bank of Connersville. He is also receiver for national banks at Lagrange and Columbia City.
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Bank Receiver Chosen By Times Special NOBLESVILLE, Ind., Jan. 10.John Owen of Noblesville has been appointed receiver for the First National bank of Connersville. He $ also receiver for national banks at Lagrange and Columbia City.
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Bank Receiver Chosen. Noblesville, Ind., Jan. 10.John Owen, of Noblesville, has been appointed receiver for the First National Bank of Connersville. He is also receiver for national banks at Lagrange and Columbia City
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Closed Bank to Pay By Times Special CONNERSVILLE, Ind., Jan. 16.— A dividend of 162-3 per cent, amounting to $169,500, will be paid by the closed First National bank early next week, according to John Owen, receiver. This will make a total of 50 per cent paid. The bank was closed a little more than a year ago,
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(Continued from Page One) amounted to $28,981,347 in Septemwhich included the reorganization or liquidation closed banks. Lonns authorized to building and loan associations amounted to 233,358; to insurance companies 370,000; mortgage companies $960,000; joint stock land banks $576,000; agricultural credit corstock credit corporation and including $473,to Loans authorized during Septemher to and trust "exclusive withdrawn concelled during the month. clude the following Indiana cities: Clayton Clayton Bank and Trust Company, $12,000: Clinton National Bank of Clinton. $5,500: ConFirst National Bank Connersville (receiver) Old Capital Eank and Corydon Trust Company, $22,000 Elwood State FL Wayne Lincoin National Bank and Trust Company Ft. Wayne $413,892: Huntingburg First National Bank $2.000 Huntingtor First State Bank $30,000 Jasper German Amcrican Bank $22,000; Kokomo. Citizens Bank Kokomo (receiver) Medora State Bank Mishawaka North Side and Savings Bank 000; Trust and Deposit Co., $67,500; New Haven Peoples State Bank $8,000; Noblesville Citizens State Bank $8,500: Plymouth First Bank of Marshall County $44,226; Salem State Bank $18,National Bank $75,South Bend Citizens Trust and Savings Bank $265,000; St. Joseph Loan Trust of South Eend, $57,500; Star City First State Bank $18,000; Farmers Bank of Sunman $30,000. Loans authorized during September to building loan associations:, Arsenal Buildand Loan Association $150,000; Warsaw Building Loan and Savings Association $38,000.