Wall Street Cheer From August Surge and Borrower Hope
Wall Street shows resilience as August stock activity tops since April 1880 and values rise. Banks urge borrowers to liquidate collateral or pay down loans amid cautious profit taking by Europeans and renewed employment in brokerage houses. Observers see potential for further gains if consumer demand improves, with bankers noting better southern conditions and a possible 100 percent cotton recovery.
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Waterfront Film Tie Inspires New Book and Hollywood Buzz
Los Angeles dispatch notes author Max Millar inspired by I Cover the Waterfront spawns film ideas. Publicity man Stan Garvey sells Paramount Bodyguard project with George Raft eyed for lead. Robert W. Sherwood joins on script duties. Hollywood chatter covers future productions, stork rumors, and star sightings from the city’s studios and venues.
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Banks ordered to return funds in trust company case
An appellate court ruling on file today requires two industrial corporations that withdrew 400000 dollars from Security-Home Trust before its closure about a year ago to restore the deposits. The decision addresses the illicit withdrawal and mandates reimbursement to the trust company’s accounts as part of the ongoing case in Toledo, Ohio.
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