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Motor City Round Table BY WHITE continued to hold the center of the speculative stage in Thursday's dull session the Detroit Stock exchange. Products, General Rust Proof were firm spots activity. All the major price the side the advance, although net gains losses divided numerically at Less than and half appeared the local tape for total sales 7,810 Over shares Chrysler changed hands advance stock closing up Continued demand the stock flected increasing enthusiasm speculative the likely stimulus profits from the Plymouth model. bullengendered by the that the ing capacity and to set monthly record of production 17,000 units. Parker rallied two to 92 and Copeland 16 General Motors was marked 1% and fractional scored two three others. The half dozen declines were fractional. PEOPLES WAYNE County Bank of Detroit reports the opening of 21,987 accounts in the month of June, 1931, of which number savings and 3,505 worthy that the 176 each hour during the month or approxminute. The bank has total of 762,675 accounts. Despite the fact that there has been unemployment portion of Detroit's population might be described nature. interesting to note that the number bank accounts has shown material decrease. The Peoples County bank the largest bank in Michigan has than any other bank in the United States. ORDER show cause why permanent receiver for the Metropolitan Trust company should not be was taken under adThursday Judge cent M. Brennan. Scott of the trust the receiver. The permanent receiver faction Mr. Lamb, the Equitable and Central Trust company W. Barber have suggeseted for the post. GORMAN CO., Chicago investment banking house, an the opening of offices in nounces Grand Rapids in charge of Frank Muskegon charge of Charles O'Neil. POTENT influence in A straining aggressiveness on the bear forces Thursday of displayed by the the firm tone led trading York and other shares above closing the part today's trading greater the action of the last years frequently movements the general their stimulating on Although show entered season where on some profits. Their monthly should soon begin to make figures considerably better factor that year pected give increasing support marketwise. of North American trust shares, largest fixed investment 35 per trust, recorded gain May announced today. An during gain July. very subfirst week in in stantial This sharp part President Hoover's recent anproposing an internanouncement tional debt moratorium. in the The increase of officers of opinion Inc. North Trust furnishes American evidence returning concrete They cut that the point established on June various underlying North stocks an inTrust 20 per cent crease about half has which since Hoover anoccurred nouncement. DVICES from Canada to New A interests state there York the tendency up Nickel's estimates earnings the current Journal short Wall Street popular view ago there the year would result share on the about belief prevails too and the that this figure balance the common stock larger business be in half of the improves second the that 10 cents to 12 prdiction cents share be shown. REPORT has been widely A circulated that and get the match Toll likely asserted that the difficulties eased through the country loan for $20,000,000 Toll return for Krueger and the match monoply would which granted. MARKET MOVES STOCK Thurs. Number advances Number declines Stocks unchanged traded
