AMERICAN BANKS
THIRTY FAILURES REPORTED. A SPEi :tai il’LAll FIN ALIA FARMERS' PA PICK LNNEGOTIABLE. j j (Australian and N.Z. Cable Assn.) ; Re-ceiv'd February 16, 9.30 a.in. I NEW b < • 11K, February I i. Advice.-, Irnm St. Paul slate that a i scries of spectacular failures <«f .in 1 banks eauit; |.u a climax when the huge i ■waniiinasian-Aiueriran liauk closed, in- i volving millions of dollars. There is no • estimate of Die losses. I The .Middlewest farmers were caught l Willi ill 'fisc storks of wheat, which i cost I hem more than the j i prices would realise. Farmers have i been hanging on for a heller market, i wldle the banks unable to carry them | I found 11 impossible to liquidate the p farmers’ paper. A s
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Bibliographic details
Waikato Times, Volume 94, Issue 14592, 16 February 1921, Page 5
Word Count
130AMERICAN BANKS Waikato Times, Volume 94, Issue 14592, 16 February 1921, Page 5
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