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Show ill IIONQfL CRISIS RUMOR ' DENIED Secretary de la Huerta Says No Cause for Alarm in Bank Failures ' MKXICO CITT. Nov. 17 (Ity A. P.) The bank failure, of the last few day. ore not .ignlflcant of an economlo crtis of a general character and should lAiiw no alarm In commerclul ctrclia, according to Hecretary- of li'lnane. de la Hu-rta. fT decries sensational reporta of tm- wending further fallurea. erre.lng the belief that hualness In imrrnl will proceed along normal hue. Mile statement was In resimnse to frank predictions by the newspapers of further fur-ther difficulties following the eliadng of the Tnnque Krancalee de Mexlqiie. the Kulallo Koman. a Spanish Instill Insti-ll tutlon with branches In several cities, and the Mllmo, a private bank at Monterey. Mon-terey. The Kulallo Koman, according to the secretary, failed "because certain financial fi-nancial support waa withdrawn," and the unstable condition of the Kannue Prancalae had been reallxed for some time. . A moratorium la not being considered, consid-ered, according to Information from official aourrea. VKRA cni'Z. Nov. 17. The closing of the Banque Krancale de Mexique and the Kulnllo llornnn, with branch offlcea here, hua given rlae to a run on the local banking inatltutlona. The banking- house of Viya Hn .there, founded in 1HT0. yesterday suspended payment because of a shortage of cneh. after paylnir ubout Ciio.000 p. non. The assets of the bank are estimated at i t 000,000 peso, and the liabilities at leaa than l.Ooo.ooO. The financial altuatinn Is becoming so difficult aa to mvnaee other financial fi-nancial and commercial houaea. |