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World at a Glance: Bankers and Economic Woes Across Cities
Walter S. McLucas of Kansas City named president of the National Bank of Detroit while still linked to New York banks. England reports unemployment drop in March. U.S. unemployment rises. Akron faces bank closures and cash shortages as two chief industries endure disparagement. Cleveland and Detroit suffer bank failures, blamed on banking practices rather than business. Indictments loom. rail stock dividends flagged as boom-era excess. Wyoming sparsity noted and Australia’s distance from Europe highlighted.
MENTIONED IN THIS ARTICLE
New York
Walter S. McLucas
Kansas City
New National Bank of Detroit
National City Bank
Commerce Trust Co
National City Company
America
Federal Reserve Board
Washington
Akron
Cleveland
Detroit