Banking sentiment shifts as Bank of United States closes
By B C Forbes reports a shift in market mood after the Bank of United States closure. Bankers warn no banking pool, while Wall Street recovers from panic as brokerages and short selling wane.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Dec 22, 1930
Page
19
By B C Forbes reports a shift in market mood after the Bank of United States closure. Bankers warn no banking pool, while Wall Street recovers from panic as brokerages and short selling wane.
A fragmentary listing shows multiple radio station call letters and programs across days Monday and Tuesday. It references various orchestras, weather segments, and hourly features with numerous local broadcasters and musical acts, indicating a busy early broadcast schedule with multiple stations like WOAI KMAC KONO and KTAP.
The text portrays volatility as stock interest collapses and liquidation pressures rise. It notes a 14 point rally from Wednesday to Saturday amid cautious hope that heavy disbursements will bolster sentiment. It references commodity movements, finance figures, and industry concerns, with broad caution about near-term stability.
George Harold Scherwitz, Newport editor of The Light, and Nanette Gaillard headline Monday night. Scherwitz will discuss developments in the pig skin world while Madeline Ford from the Metropolitan Opera will perform Oh The Beautiful Danube. The sports broadcast airs at 8:40 over KISA and the soprano performs at 8:30 over WOAT, forcing listeners to choose.
Three men and a woman drowned near Winton Louisiana when a roadster overturned in a roadside ditch filling with water. The victims include Leonard A Ta Pele superintendent of a Standard Oil plant, George Draftenbach a company superintendent from New York, Lee McAnally Beaumont plant official, and Elizabeth Stanford of Beaumont.
In TEMVLE a fatal shooting ended a business partnership collapse. John Farrikon, known as a garage man, was shot at the Harragemont garage where he and Carroll coowned. They had driven to the Rnrake to spend the night when a confrontation led to murder charges.
In December 22149 rumors hint at a heist where two highwaymen targeted a victim during a delivery route. Police investigation connected the alleged culprits to a local scam involving a housewife and a debt collection scheme. Authorities pursued the suspects as the case unfolded.
Crockett Peru home of late builder Smith to hold funeral services. Smith, prominent San Antonio and Dallas developer, died from gunshot in a Dallas hotel room. He helped erect the Smith Young Tower Plaza Hotel and other major structures. Survived by widow, son Albert Hill Smith, three daughters, five brothers, five sisters and several relatives.
Augusta writer reports Dr. William Lyon Poelpa a Yale professor with 83 years in matrimony argues marriages last longer if partners focus on living well as they study a golf stance. He urges practical harmony and emotional balance as key to enduring union.
City National Bank, Miami’s second large financial institution, announced its closing after a run. The board cited malicious rumors about the bank’s condition as the reason for the decision to close.
A film actress and director, identified as Miss Natale Moorehead and Alan Grasiani, were married in a quiet ceremony at the Ahwahare hotel in Yosemite California. Local reports note the wedding occurred without ceremony details.
Fears over mob violence prompt Buchanan county officers to move Raymond Gunn from the Marstille jail to Kansas City for safekeeping. Gunn, charged in the murder of Mixes Velma Coltec, a rural teacher, was spirited away by sheriff’s deputies and St Joseph police to Jackson County jail amid reports of a mob from Afaryville and nearby towns. Extra guards were posted at the facility to prevent further trouble.
PORT TOWNSEND Washington December 22 George H Hilsinger a 48 warrant officer in the quartermaster corps at Fort Worden is dead from a shooting connected with which his wife is held. Officials say Hilsinger killed her husband when he upbraided her after finding her entertaining three friends in their quarters.
Charles E. Koehler 40, treasurer of Alamo Foods, died when his gun discharged as he reached for a cigarette following a deer shot. The accident occurred south of Laredo on a hunting trip with friends. A search failed to locate a boy companion. Koehler’s body was later transported to San Antonio for funeral arrangements.
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