BANKS CLOSE.
New York, Oct. 14 Kousitz Brothers and Company, one of the oldest Stock Exchange bond dealing firms, and the first dealing exclusively in bonds to • close its doors, has been suspended, owing to insolvency, which was caused mainly by the extraordinary depreciation in price's of high grade bonds. Morgantown. West. Virginia, •* town of 25,000 inhabitants, the scat of a prominent university, is left without hanking facilities, owing to the closing of tiie Second National Bank. This is the third hank in the town io he closed recently.
Two local Inis? companies at Boston. w,illl total deposits of about £l. f till. Duo, have been closed “to conserve their assets.”
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Bibliographic details
Bay of Plenty Times, Volume LX, Issue 10697, 16 October 1931, Page 2
Word Count
111BANKS CLOSE. Bay of Plenty Times, Volume LX, Issue 10697, 16 October 1931, Page 2
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