The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-12-29
Deposits, Loans and Surplus and
Profits Increased to Graft
flying Degree.
MUCH MONEY HELD BY BANKS
Which win Find Investment the
Coming Spring in Industrial
Enterprises.

years ago, and carried out with the as
slstance and cooperation of the oGlcers
of the twelve banks of the city which
do a commercial business. The only
bank not represented is the Mutual
Savings. whose business is entirely
savings and is. therefore. not properly
lined up with the comercial banks.
The prediction has been made freely
during the past fortnight that the state
ment for the close Of 1899 would SUR
prise everybody, with the exception,
possibly. of bank officials who were in
Innate with the situation. Last years
statement showed an Increase in de-
posIts over the previous year of s75O. 900.
AS viii be seen in the adjoining tabula-
ton, the close of 80 shows an Increase
In deposits this year Of S2,1s5.sOO in
round numbers. an increase OF 81 per
cent and fraction. This is an UMPIRE
cedented Increase, and at the present
time there is much more money on de-
post in the banks of the city than ever
before by a large margin. This In
crease is partially explained by the sew
eral iron and steel and glass deals con-
summated during the year, which un-
loaded upon local stockholders ire
mendous amount of money, much Of it
from the east. Much OF this money has
not yet found other channels of invest
ment and hence the remarkable show
ing in bank deposits. 1t is believed in
financial CIRCLES that the coming spring
win see a great deal OF this money In
vested in Industrial stocks. The recent
furry in tile big lndustrials cut on
many intended local Investments in
these stocks, but 1t was merely an in
terruptlon, for Wheeling people have
always shown a preference for indus
trials and will not suddenly change to
other channels of investment. While
the big lndustrlals were being pounded
down unmt rclfully. there was one or
two striking exceptions. especially the
sock OF the wheeling Steel and Iron
Company, which has been advancing
steadily.
The Iutelligencer bank statement at
the close II 1898, as stated above, show
ed an increase OF three-auarters Of
million in deposits. with decrease for
the same period In discounts. For the
past year there is an increase in dis
counts Of sl,O54,23S in round numbers,
which shows that there is a healthy
demand for money to carry out business
and industrial enterprises. but the In
crease in discounts does not come up to
the increase in deposits by over mill
lion, so It will be seen there is money
here to take care OF much more than
has already been undertaken.
Under the head of surplus and uhdi-
vlded profits, the banks reported STA
242 at the close Of 1897 iI75O5S at the
close Of 1893, and 357 IS at the close Of
the present year. an increase of sss.52O'
which shows that the banks have been
conducted on a safe basis.
Altogether, the statement shows
very satisfactory condition of affairs
financially In this community. and 1893
will go down as the best year Wheeling
has ever gone through. AS to 1900. the
bankers and others believe 1t will not
be dIstanced, and that the great record
of 1893 will be equaled II not surpassed.
OF the several banks, the National
Exchange now leads in deposits. fol-
lowed in order by the German, Bank Of
wheeling, City Bank. Dollar Savings
Bank, Bank Of the Ohio Valley, Nation
al Bank of West Virginia. Peoples
Bank. wheeling Title & Trust Com
pany, Commercial Bank, Germania
Half Dollar Savings Bank, South Side
Bank.
In discounts the banks come In this
order; Bank Of Wheeling, German
Bank National Exchange Bank. City
Bank, Dollar Savings Bank, Bank Of
the Ohio Valley Peoples Bank. Ma
tlonal Bank Of West Virginia, Wheeling
Title & Trust Company, Commercial
Bank. Germania Half Dollar Savings
Bank, South Side Bank.
In surplus and undivided profits:
German Bank, City Bank. National
Bank Of West Virginia, Peoples Bank
Dollar Savings Bank, Commercial
Bank, National Exchange Bank. Bank
Of wheeling. Bank of the Ohio Valley
South side Bank. Wheeling Title &
Trust Company. Germanla Half Dollar
Savings Bank.
The following summary shows the In
crenses on deposits, discounts and sur
plus for the years 1897, 1898 and 1899:
Deposits.
Amount. Increase.