Indicators

As wrecked ships show that seas are stormy, so last week two corporate ailments indicated troubled conditions in their respective industries.

Into bankruptcy went Missouri Kansas Zinc Corp., of Waco, Mo. with liabilities of $1,260,000 against assets of $750,000. Immediate cause: The filing of bankruptcy petitions by three creditors. Basic cause: Since October the price of zinc has dropped from $6.70 a ton to $5.40 a ton.

Closed (by the Pennsylvania State Secretary of Banking) was U. S. ("United Strength") Bank and Trust Co. of Philadelphia. Immediate cause: The former management had frozen too many assets in commission loans.* Basic cause: The unprosperous situation in real estate.

*When real estate operators desire to obtain unwarranted loans upon their property, they sometimes pay bank officers a special commission. Thus the name (and the nature) of commission loans.

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