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Fifth Alabama Bank Closes After Run LEEDS, Ala., July Leeds State bank failed to open doors today. Officials announced the institution had been placed the hands of the state banking partment, following heavy run. The Leeds bank was the fifth close the Birmingham district within the past two weeks.
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COOSA REFUSES TO YIELD BODY Scores Of Divers Searching River For Birmingham Banker ATTORNEY GENERAL WILL PUSH INQUIRY Jefferson Grand Jury To Investigate Financial Disorders LEEDS, Ala., July 8. Leeds State Bank. failed to open its doors today. Officials ed that the affairs of the institution had been placed in the hands Department, following a heavy run Saturday. The Leeds Bank was the fifth to close in the Birmingham diswithin past two weeks. the E. Linden, president of the which was capitalized at $25,000 and had surplus of similar -Waters of the Coosa River had failed last night to give up the of Dr. A. Bell. Birmingbody ham banker, despite the fact that of divers the river day. Dr. Bell was said to have drowned Saturday in the Coosa shortly after the Woodlawn Savings Bank, of which he was president, was closed. Dr. Bell went swimming while on an of his farm near Vincent. Ala., and two of his tennants reported his drowning shortly afterward. Hundreds of people watched the search for the body yesterday. Dr. Bell was member of the Jefferson County board of revenue. The drowning of Dr. Bell, is the second death within two weeks of Birmingham bankers whose institutions have closed. A verdict of accidental returned in the case of John R. Wallace, cashier of the Avondale bank. who died from bullet wound. Lassiter, president of the City Bank and Trust Company and the Avondale and Trust Company, continues ill in New York hospital. Attorney General Charles C. McCall has indicated that he will an investigtion of the closing of four Birmingham banks through Jefferson County grand jury. Judge C E. Thomas, state of banks, is in charge of the present investigation and audits now being conducted here. Attempts are now being made to the City Bank and Trust Company with stock of $250,000, of which it is more half has already been subscribed. Several directors of the closed institution have formed organization committee. Banks Stable, Says Thomas MONTGOMERY, Ala., July 8. banks Birmingham are well provided with collateral and there is no need for further apprehension or Judge C. Thomas, State of Banks stated today on his return from Birmingham, where he spent the week-end conferring with officials of four banks which have clostheir doors there within the last week. Although he did not make definite statement, Judge Thomas indicated that an avalanche of funds had poured into Birmingham since the started on the Woodlawn run Southside banks. He expressed himself highly satisfied with the work of the ers he to audits of the books of the closed "There money available more than there has in in Judge Thomas deto care for any The banks little flurries caused by excited well and do not on the closing of the Leeds Bank this Judge failure to realize quickly on many large frozen loans in the of the directo place the ank in the hands of the Judge chief agent of department, left charge of the bank.
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Leeds, Ala. Bank Fails To Open After Heavy Run ters and lost Leeds, July get the most and best quality Leeds State bank failed to open hardoors today. Officials vesting done about affairs the institution had half the pods are black the first in of the State growth allowed to seed, the Panking department after heavy stalks will be very tall and coarse run on deposits Saturday. and hard to handle. When the field The Leeds bank was the fifth to has been grazed the last close the Birmingham district June taken, the last two weeks. Lindon the growth less coarse president of the which had the $25,000 Laying hens need during surplus similar amount.
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BANK FAILS OPEN DOORS Leeds, July Leeds State Bank failed to open its doors announced that the affairs the institution had placed the of the state banking partment following heavy deposits Saturday The Leeds Bank was the fifth close the Birmingham district within past weeks. Lindon dent the institution which capitalized and had similar amount MOORE TO RETURN TO Peru, July ambassador Peru, will for New York July health has not been Viscount and Viscountess De dinner last night the ambassador. Two new pools were discoveraccident near San Angelo, when operators drilling dispose sale
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Five Banks In .Alabama District Forced To Wall LEEDS, Ala., July Leeds State bank failed to open its doors Officials nounced the affairs of the institution been placed in hands state banking partment following heavy run Saturday. Leeds bank the fifth to close in Birmingdistrict within the past two MAY END STRIKE NEW ORLEANS, July city commission today requested the New Orleans Public Service Inc. to accept the proposition of the Carmen's Union the return to work of the strikmotor men and conductors pending over working contract union recognized immediaterequest was before company's board directors.
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LEEDS STATE BANK HAS FAILED TO OPEN DOORS Ala. Today The Leeds State Bank failed to open its doors today, officials announced that the affairs of the institution had been placed in the hands of the state banking department following heavy run on its deposits Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks Lindon is president of the institution which was captialized at and had a surplus of similar amount
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ALABAMA BANK FAILS TO OPEN DOORS July 8 Leeds State bank failed to open its doors announced that the affairs of the institution been in the state department following run on deposits Saturday Leeds was the close district within the past two weeks
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Another Bank Fails To Open in Alabama July The Leeds State bank failed open its doors today. Officials nounced that the the stitution placed the hands the state banking ment. following heavy run $25.-
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Leeds, Ala., Bank Fails to Open; Fifth to Close LEEDS. Ala., July Leeds State bank failed to open its dcors today. Officials announced that the affairs of the institution had been placed the hands the state banking department. following heavy run on its deposits Saturday The Leeds bank was the fifth to close in the Birmingham district within the past weeks. Lindon president of the institution, which was capitalized $25.000, and had surplus of similar amount.
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Bank in Alabama Closes Its Doors Leeds. Ala July 8.-(P)-The Leeds today State failed to open its doors Officials the affairs of the Institution had been placed in the hands State Banking Department following The Leeds the fifth District the past two Lindon is president of the was and had surplus of sim-
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Fifth Alabama Bank Suspends Business LEEDS (Ala.) July The Leeds State Bank failed to open its doors to-day Officials announced that the affairs of the institution had been placed in the hands of the state banking department fol run on Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks B. Lindon is president of the institution. which was capitalized at $25. 000 and had a surplus of a similar amount
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BANKS CLOSED WITHIN WEEKS Ala., July (AP) The Leeds state bank failed open today. Officials that the affairs the institution had been placed the hands of the state banking department after heavy run deposits Leeds bank was the to in district in the last two Lindon president the institution which was capitalized $25,000 and had surplus of similar amount. TREASURY BALANCE Washington, Treasury for July $14,993,051.71. Balance $284,553174.
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ALABAMA BANK FAILSS TO OPEN Leeds State Bank failed to open Its door today Officials announced that the affairs of the institution had been placed in the hands of the state banking department, following heavy run on Saturday. The Leeds bank was the fifth to close in the Birmingham district within the past two weeks. B. Limion is president of the institution which was capitalized at $25,000 and had a surplus of similar amount.
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from north south. BIRMINGHAM FAILS Leeds, Ala., July The Leeds State bank failed its doors today. Officials open announced the affairs of the stitution had been placed in the hands of the state banking department following heavy run Saturday. The Leeds bank ham district within the past weeks. Lindon president of the institution which was capitalized at $25,000 and had surplus of similar amount.
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FIFTH BANK CLOSES. Leeds State bank failed to open its today. Officials announced that the affairs of the institution had bene placed in the hands of the state banking department following heavy on its deposits Saturday. The Leeds bank the fifth close in the Birmingham district within the two weeks. B. Lindon of the institution, was at $25,000 and had a surplus of similar amount.
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FIFTH ALABAMA BANK CLOSES IN TWO WEEKS Capital and Surplus of State Insti- LEEDS Ala., July The Leeds State bank failed its doors Officials anopen nounced that the affairs of the stitution had been placed in the hands of the state follows heavy run on deposits The Leeds bank fifth close in ham district within the past two weeks. B. Lindon is president of the institution which was at and had surplus similar amount
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Fifth Alabama Bank Fails to Open Doors Leeds. Ala., July Leeds State failed to open its doors today. Officials announced that the affairs institution been placed the hands the state banking department after heavy run on its deposits Saturday The Leeds bank was the fifth to close in the Birmingham district in the last two Lindon president the which $25,000 and had surplus similar amount
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LEEDS, ALA., BANK SHUT Fifth Closed in Two Weeks In Bir mingham District, Leeds, Ala., July 8 (P).-The Leeds State bank failed to open its doors today. Officials announced the affairs of the institution had been placed in the hands of the state banking department. follow ing a heavy run Saturday The Leeds bank was the fifth to close in the Birmingham district within the past two weeks B. C. Lindo: is president of the institution which was capitalized at 25 thou sand dollars and had a surplus 0 a similar amount.
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ALABAMA BANK FAWS DOWN AND July The Leeds State Bank failed to its doors today. Officials announced that the affairs of the institution State Banking Department following heavy run on its deposits Saturday The Leeds bank was the fifth in the Birmingham district within the past two weeks. B. Lindon president of the institution which capitalized at $2500.0 and had surplus of similar amount.
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PAGE NINE ANOTHER ALABAMA BANK CLOSES DOORS The banking situation in the Bir. mingham district was under investigation by state and county officials yesterday as fifth bank within the past two weeks failed to open Its doors. The Leeds State bank did not open for business today and its affairs were placed In the hands of the state banking department tollowing heavy run Saturday. The bank was capitalized at $25,000 and surplus of $25,000. Judge C. E. Thomas, state superintendent of banks, arrived yesterday to supervise the Investigation of the banking department. stated that runs which caused two to close Saturday were precipitated by the closing of two othbanks weeks
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(Continued From Page One) did not know what Judge Wilkinson's connection with the investigation Judge Thomas stated, the attorney genthat Judge Wilkinson is not gal said, employed by the State Banking Departcapacity, but that he was in any considering appointing Judge Wilkinson liquidating Capt. William C. Oates, secretary aminer of the Alabama Securities Commission began yesterday the in investigation of the closing of the part Avondale Bank and Savings Company and the City Bank and Trust Company In this work being aided by O. H Moses, certified public of Birmingham. Jefferson County Grand Jury will delve NOTICE TO CONTRACTORS State Project County bids will by the of the August 1929 that time pubopened for approximateMonroeville work are approx follows: and Cu. Class class pounds of way Cable are file the State Alabama. Highway Any Depart ment may be secured from the to reject any or all bids The right Certified check for one thousand the Dollars each bid evidence good faith and as awarded bidder will the contract and give bond as WOOLSEY Highway Director. July 1929 NOTICE CONTRACTORS Project 409 Randolph County State Sealed bids will be by the State Alabama the office of the State Department. until 10 e'clock m. 1929 and that time August between Lineville and principal items of work are aplin. ft. Concrete bridge over Fox Creek Plans and specifications on file in the office the ment Montgomery Any may be secured from the highway Ala. The right to reject any or all bids reserved Certified check for five Hundred ($500) dollars made the of accompany each bid good faith and that if awarded contract the bidder will the contract and give bond as required. WOOLSEY FINNELL Highway Director July NOTICE TO Federal Aid No. County Sealed bids be by the the State Montgomery, until o'clock August 1929 that time Vernon and the Mississippi State The principal items of work are approx470 ft. Timber concrete bridge. Plans and are on file the the State Highway Department Montgomery, Any additional information may be secured from the Highway The to reject any all bids is Certified check for Thousand ($1 Dollars payable to the Highway rector of must accompany each good faith and guarantee that awarded contract bidder execute the contract and give bond as WOOLSEY Highway Director into the affairs of the five banks which in the district have closed within the two weeks with report past their findings expected the latter part this The Grand Jury was charged today by Judge Russell McElroy to investigate in the district and the banking situation include in its report an investigation each of the banks whose doors are closed. Following conference with Governor Bibb at Attorney Graves General Charlie McCall, announced here tomorrow to he would take charge of the state's investiga was added toThe fifth bank to close Leeds State Bank day when the placed in the open and affairs hands of the State Department state superinJudge C. the closing order tendent of said of heavy within the face was and that in his opinion the bank solvent body of Dr continued for the Search the Weodlawn Bell, president which closed Saturday Savings Bank, to have drowned and who was reported the Coosa River few hours later in at Vincent. Ala. wire net was were the river and water guns across brought into play in an effort to recover the body. of the state banking departOfficials ment have not completed their audit Bank which closed SatSouthside urday the following the close of the Woodlawn others, the City Bank & Trust Two & Company and the Bank Savings closed their two ago. B. Lassiter, of the two is under the care physician in New York hospital. He said to be suffering from nervous breakdown. LEEDS BANK CLOSES. State Bank failed to open its doors to" day. Officials announced that the of the institution had been placed in the hands of the State Banking Department following heavy run on its deposits Saturday. The bank was the fifth to close in the Birmingham district within the past two weeks, B. Lindon is president of the institution which was capitalized at $25,000 and had surplus of similar amount Jacksville Hourly Sunrise July Sunset July Alabama: Probably local thundershowers Tuesday and Wednesday; cooler *in north portion Virginia: Generally fair and continued warm Tuesday: Wednesday local thundershowers, somewhat cooler by Wednesday night. North Carolina: Generally fair Tuesday and Wednesday except local thundershowers Wednesday in west and north central portion. South Carolina: Generally fair Tuesday and Wednesday, except local thundershowers Wednesday afternoon in northwest portion. Georgia: Generally fair except scattered. thundershowers in southwest por-
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New York Curb Market When only one quotation is given for a security it indicates that all sales of such issue were made at the same figure. Figures in first column represent sales in hundreds of shares, with fractions of hundred-share lots. Bond sales In $1000 units. ALABAMA BANK CLOSES LEEDS Ala. The Leeds State open its doors today. Officials that the affairs the institution had been placed in the hands the state bankdepartment following heavy run its deposits Saturday The insti$25,000 and surplus of similar amount. Sales High Low Close Sales High Low Close Intl Mer Marine Cons Cop Mines 11% 28 Cresson Con Gold Saf Raz B Dolores Esper 13-16 Shoe 73% 73% Falcon Lead Min 5-16 Intern Util 20 Coin 11-16 Interstate Hosiery Golden Center M Chute Goldfid Cons 9-16 Ital Superpow 19% 19% Hecla Min Hud Bay Min Sm 16% 16% Johnson Mot 43% Cap Copper Special to the BUFFALO EVENING NEWS. Metal NEW Kermath July Mining 214% Kobacher Stores traded New York Curb market Monday with the prices to and including Nipissing the close Lackawan 39% Noranda Lake Found Ohio Copper Cop Sh 189% Shattuck Denn Sales High Low Close Libby Gold 2½ Lily Tulip Cup 23% 16% Hughes Indust Loews war Island 83 83% Verde Ext pfd Ansco Unity Gold Agfa Ansco pfd Metals Ludwig Baum pfd 93 Power Wendon Cop Alexander Indust MacMarr Stores Independent Oil Stocks. Marconi Intl Lond Con Oilflds Bottling pfd Mayflower Assn Synd Alpha Port Columbia Amer Chap Mesabi Iron Cosden For Pow war 95 MidlandRoyal 29 29% Oil Cent Am Corp Mid West Util Pete Chain Amer P&L A Oil Hon Reg Houston Am Colortype Missouri Kans Intercont Pet Leonard Montgomery 16% Star Lone new Amer Gas 205 205 Mohawk Hud Moore Drop Amer Laund Mach Magdal Trac Mount Prod Amer Meter Murray 18% Nor Oil Cent Amer Pneumatic Serv Paragon Ref vte Nat Gas Pandem Superp Nathan Pantepec Amer Chem Nat Aviation Oil S&C Am pfd Armstrong Cork Fam Fam Ainsworth Mfg Investors Venezuelan Am Window Glass Standard Oil Issues and Post Fence Anglo Chil Nitra Former Subsidiaries Arizona Stocks. Natl Gas Theater Anglo Am Oil 14% Gas G&E Asso Gas&El UR Nestle LeMar Buckeye AssoG&El Humble 25 Asso Elec Hamburg Gas n Laund Transit Asso Rayon pfd Hud Oil Vot Penn Aviation Pnd Aviation Kansas Aviation Neb Axton Fisher Util 700 Bellanca Airc Blauners 49% Bonds. Nor Sta Bliss P&P Stocks Borin 101 101% Allied Pk COD Braz Outboard Motors Alum Amer Bridgpt Gas Motors 14% 14% Packard 27% Gas Corp Brist Myers Seating Parmelee Niag Anaconda 6 Bulova Mach Clark Elec Cable Rad Campbell 26% Marconi 93 Carnation Milk Caterpil Am Bowes States Prudential States Lum Rainbow COD Metal pfd 106 Cent Rub Indianap L&P5A Corp RelianceBr& B&Sh Prod Share Hold Starrett Pow Eng Wall TransLuxD Fajardo Fedders Lamp Federal Water Financial Invest Fireman Ins Firestone Airp Can Mot Foremost Foreign Bonds. Shar Frank Retail Frank Shoe Chas Co 9% Gamewell Co Pkg Res Inv Prus 14% Elec Cons Mun Alden Coal Stores Globe Underwriters Stores Goldman Sachs Ital Gorham Inc Mendoza Gotham Knitbac Gramoph CoLtd Gramph Co Bank Chile Bro Van GrAandPTC non Finan Corp Rumania 83% 83% Ground Grip Shoe Walgreen pfd Guardian Fire Wayne Hugo Handley Page pr pfd Hall Lamp Western Pow Hall Printing Haygard Corp 62% Low Caf Hazeltine Corp Winter Helena Rubenstein Powd Worth Hiram G&Wn Hygrade Food Prod Imperial Tob Zonite Mining Stocks Intl Mer Marine Insur Insur Shares 21
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Bank Fails to Open Its Doors LEEDS. Ala. Leeds State bank failed to open its doors Tuesday Officials announced the affairs of the institution had been placed the hands the state department following heavy run Saturday. The Leeds bank was the fifth to close in the Birmingham district within the past two weeks.
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ONE OF CLOSED BANKS REOPEN IN BIRMINGHAM Southside Bank Resumes Business Without Incident Monday Birmingham, Ala., July Southside Bank, which closed its doors during heavy run on its by depositors, opened for business Monday. State bank who completed an audit of the bank's accounts last week, declared "solvent iting the confidence of the public." The reopening was without cident. Manor, president of the institution, said the hours of business were normal as the closing had merely been over the week end. Lassiter, president of the Avondale Bank Savings Company and the City Bank Trust Company, two the five financial institutions to close here early this month, issued his statement on the closings today which he asserted the belief depositors will paid in Lassiter turned from New York Thursday he made an effort to raise money for his banks and prevent their closing. He collapsed when informed the banks and since has been under the care of physicians. not try to run Lassiter said of his trip. went New York in an effort to raise to save the banks, but the money crash came too soon. My first purto the banks and to pose reopen this end will bend my every energy." Meanwhile plans were going forward to the Woodlawn reopen Savings Bank and Leeds State Bank, the other of five banks to close, with national charters.