First National Bank (Vanderbilt, PA)

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VANDERBILT, PENNA.. BANK CLOSES AFTER TWO DAYS OF RUNS

General investigate by heavy runs did not the two days, the Bank of Vanpast ince of derbilt near here closed today The any law runs were believed the results of the would closing of three four banks local Connellsville within the past four official The affairs of the institution were FOUR placed the hands BleakNational Bank Examiner W Cosgrove president. expressed confidence that all depositors ultimately would paid full The bank capitalized at 000. recent reported demand members surplus of deposits time ment and deposits of their

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German Airmen Reach Iceland On Way

Reykjavik, Iceland, Aug. With approximately their route covered, two young German airmen from Berlin United States their eyes today toward Greenland, their next The flyers, Wolfram Hirth and Oscar Weller, reached Iceland yesterday from the Orkney Islands. covering the jump in ten minutes than hours. After aviators reach Greenland their next hop to Canada.

BANKS FAIL. Connellsville, Aug. Heavy runs the past two days blamed for the closing today of the First National Bank of Vanderbilt, near here. The runs believed the result of the closing of three the four banks in Connellsville within the past month.

DIES OF SCARE. Raleigh, Pierce, his automobile avoid hitting another. He was Reaction set in. Pierce of heart failure,

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HEAVY RUNS BLAMED FOR BANK'S CLOSING

CONNELLSVILLE. Pa., Aug. Heavy runs in the two days were blamed for the closing today of the First National Bank of Vanderbilt, near here. The runs were believed the result of the closing three the four banks in withn the past

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HEAVY RUNS FORCE BANK IN EAST TO CLOSE

Pa., by heavy in the past two days, the First National of Vanderbilt, near here, today. The runs were believed the of the closing of of the four banks in Connellsville within the past month. The bank was capitalized at $25, 000. statement reported of $5,000, demand deposits $8,453, and time deposits of 764.

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HEAVY RUNS CLOSE FOURTH FAYETTE BANK

Embarrassed by heavy runs in the past two days, the First National Bank of Vanderbilt, near here, closed today. The runs were believed the result of the closing of three the four banks in Connellsville within the past month. Decision to close today reached by directors of the bank last night after they had decided to remain open Friday and attempt to meet the demands of their depositors. Affairs of the stitution were placed in the hands of B. J. Bleakley, national bank examiner. W. A. Cosgrove, President, expressed confidence that all depositors ultimately would be paid in full. The bank recently reported surplus of $5,000; demand deposits of $8,453 and time deposits of $89.764.

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Pennsylvania Bank Closed

heavy runs the last two days the First National Bank Vanderbilt here near closed today. The runs were thought to be the result of the closing of three of the four banks in within the last month. Affairs of the depository in the hands of Bleakley, National bank expressconfidence that all depositors would be paid in full. The bank capitalized at statement reported surplus $5000. demand deposits of and time deposits of

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BANK CLOSES DOORS TODAY

CONNELSVILLE. Pa., Aug. 2.-(P) Embarrassed by heavy runs in the past two days, the National Bank of Vanderbilt near here, closed today. The runs believed the result of the closing of three of the four banks in Connellsville within the past month. The bank capitalized at $25.000. A recent statement reported surplus of $5000, demand deposits of $8453, and time deposits of $89,764.

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RUNS CLOSE BANK Connellsville, Aug. runs in the Embarrassed by heavy the First National past two days, Vanderbilt, near here, bank closed today. The runs of the closing of lieved the result four banks Conthree the nellsville within the past month.

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BANK AT VANDERBILT CLOSES AS RESULT OF CONNELLSVILLE RUN

Embarrassed by heavy runs in the past two days, the First National Bank of Vanderbilt, near here, closed today. The runs were believed the results of the closing of three of the four banks in Connellsville within the past month.

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Bank Closes Doors Due To Heavy Runs

CONNELLSVILLE Pa., Aug. by heavy runs the past two days, the First National bank of Vanderbilt. near here, closed today. The runs were believthe result of the closing of three the four banks "in Connellsville within the past month. The bank capitalized at $25,000. A recent statement reported of $5000, demand deposits $8453 and time deposits of $89,764.

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RUNS CLOSE BANK Connelsville, Aug. Heavy runs the past days blamed for the closing today the First National Bank Vanderbilt, near here. The runs believed the result the closing three the four banks past month.

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BANK CLOSES DOORS

CONNELLSVILLE, Pa., Aug. Embarrassed by heavy runs in the past two days, the First National Bank Vanderbilt, near here. closed today. The runs were believed the result of the closing of three of the four banks in Connellsville within the past month. The bank was capitalized at $25,000. recent statement reported surplus of demand deposits $8,453, and time deposits of

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Heavy Runs Causes Closing of Small Bank

CONNELLSVILLE, Pa., Aug (Associated Press) Embarrassed by heavy runs in the past two days, the First National Bank of Vanderbilt, near here, closed today. The runs were believed the result of the closing of three of the four banks in Connellsville within the past month.

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WITH STRENGTH IN HIGH-GRADE LIST

BY F. H. RICHARDSON (Special Wire Journal NEW YORK. Saturday, Aug. Bonds with strength in Saturday The characteristic of current investment demand the difficulty of supplying prime issues to satisfy inquiries for them- to force these descriptions to highs Over of the gain in the prime group is wide, though the daily appreciation is so narrow to be noticeable of the time. But the fact cannot be ignored that bonds like Atchison general 4s, Canadian Pacific Pennsylvania phone Standard of New York 1/24s, Standard of New 5s, Dequesne Light 41/28, Utah Power Light 5s and New York Telephone 4½S, are all selling at their best prices since 1928. United States Government bonds also to near their best prices in two years, though trading was Volume Saturday was a little more than half that of Friday. The usual Saturday stagnancy was aggravated by the approach of the August bank holiday in England. thus drying up the English demand in this market. rates Convertibies were dull featureless with the stock market Warner Pictures 6s advanced 1½ points while the complementary stock was dropping. However, since the carries per cent coupon and the price at which the stock can be ercised is away out line at when the stock is selling $36 the stock's for the moment have ceased to have a direct effect on the Junior rails were irregular and gave evidence of again being played by speculative was only the comparat poor bonds, which in the past have shown wide fluctuations, that gained, such as Chicago Great Western 4s. St. Paul adjust ments International Great Northern Seaboard Air Line 6s. Better grade junior rails like St. Rock Island Erie general and refunding 5s and Southern Railway 4s. Industrials pursued an indeterminate course. Chile Copper 5s, United States American Sugar Refining 6s and Anglo Chilean Nitrate 7s showed firmness while Certainteed Hudson 5s, Goodyear 5s, Phillips Petroleum PanAmerican Petroleum 6s, Skelly Oil 1/28 and Shell Union 5s sold off. dropped to new low at 87 in the department, afterwards regaining part of the loss. Austrian 7s to sell at point Belgium (1955) were at their best price of the year under fair demand from abroad. French government dollar bonds were still at their high price for the year

Commodity Prices

McGILL Editor McGill Commodity Service the past the comthe of three years declined teen groups last are two Little hange was noted the week July decrease was bile. iron and steel, such upturn industrial during the closing agreeset recovery any All All prices broke new low such live hides and leather textiles and vege. table Industrial Prices were finished are materials Agricultural One of the new records tion heat waves the west Deterioraleading Auproduction estimater vised This help to healthy relademand Non Metals the first This was to firming up and Other products to the established. Both coarse and fine textile prices Coarse particular are fibers hemp and Most important price changes: This Previous First Week 1930. 75.6 Industrial Agricultural and leather Textiles, fine Vegetable 82.8 83.7

NEW YORK PRODUCE MARKET NEW on the New York ExHudson Hudson Flour dull and spring Pork steady: strong midile-west Petroleum New York 15c; $2 per Lloyd's barrel. Majestic quiet: Hides per Central Cucutas, Orinoacaibos, packer) native brands. Colorados 13c. and Long Island Sweet and easy southern poultry cents steady per Island Live poultry (cents quiet: broil- Northern 22: turkeys 17@33 Cheese (pound) steady whole milk fancy Young Ameriquiet Phoenix per Pub Eggs (cents per dozen) market firmer Reliance white state whites. Pacific Rep fresh nearby browns,

Pennsylvania Bank Closed by Heavy Runs CONNELLSVILLE, Pa., Aug. (/P)-Heavy runs in the past two days were blamed for the closing Saturday of the First National Bank of Vanderbilt, near here The runs were believed the result of the closing of three the four banks in Connellsville within the past month The affairs the institution were placed in the hands of B. Bleakley national bank examiner W A. Cosgrove, president, expressed that all depositors ultimately would be in full. The paid was capitalized at $25.000. statement reported surplus of 000, demand deposits of $8,453. and time deposits of $89,764.

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CONNELLSVILLE, PA., BANK IS CLOSED

Embarrassed by heavy runs in the last two days, the First National bank of Vanderbilt, near here, closed Saturday. The runs were believed the result of the closing of three of the four banks here within the last month. W. A. Cosgrove, president, expressed confidence that all depositors ultimately would be paid in full. The bank was capitalized at $25,000.

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BANK CLOSES

First National of Vanderbilt Embarrassed by Heavy Run

CONNELLSVILLE, Pa., Aug. 2 (A. P.) -Embarrassed by heavy runs in the past two days, the First National Bank of Vanderbilt, here, closed today. The runs were believed the result of the closing of three of the four banks in Connellsville within the past month. Affairs of the institution were placed the hands of B. J. Bleakley, national bank examiner. W. A. Cosgrove president, expressed that all depositors ultimately would be paid in full. The bank was capitalized at $25,000 A statement reported a surplus of $5000. demand deposits of $8453 and time deposits of $89,764 Decision to close today was reached by directors of the bank last night after they previously had decided to Friday and attempt to remain open meet the demands of their depositors

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Heavv Runs Result In Bank's Closing

CONNELLSVILLE Pa. Aug. Heavy runs in the past two ays were blamed for the closing toay of the First National bank of anderbilt near here. The runs ere believed the result of the closhg of three of the four banks in Jonneilisville within the past month.

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RUNS CAUSE BANK TO CLOSE

Institution Near Connellaville In Hands Of Examiner

Connellsville, Pa., Aug. 2 (/P)-Embarrassed by heavy runs in the last two days, the First National Bank of Vanderbilt, near here, closed today. The runs were believed the result of the closing of three of the four banks in Connellsville within month. Affairs of the institution were placed in the hands of B. J. Bleakley, national bank examiner. W. A. Cosgrove, president, expressed confidence that all depositors ultimately would be paid in full.

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TILDEN AND LOTT BEATEN

SOUTHAMPTON N. Y., Aug. (AP)-Perpetrators of two of the most astounding upsets in tennis play this year. 18-year-old Sydney B Wood and 19-year-old Frank Shields, both of New York, prepared for their semi-final round match in the Southampton invitation tournament today. Shields played the finest tenDIS of his career in upsetting Big Bill Tilden in the quarter finals yesterday, 6-1, 2-6, 6-1, while Wood accounted for another Davis cup team member, George Lott of Chicago, 6-4, 3-6, 9-7.

CONNELLSVILLE, Pa., Aug. &- (AP)-Heavy run in the past few days were blamed for the closing of the First National bank of Vanderbilt, near here. The runs were believed the result of the closing of three of the four bainks in Connellavile within the past month.