The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1910-02-05
HUGE BANK DEPOSITS
MAKE 1910 A YEAR OF
PROMISE IN SEATTLE
Comptroller of Currencys Call Flashes Great Light on
Condition of Seattle Business and Industry-Bsnks,
the Index of Trade, Look Forward to Prosperous
Year.

With nearly S50oo0oo deposited in local banks IL may be
safely said that Seattle large enough keep the wolf
of the back porch.
This total being considerably Of similar for
the preceding years and coupled with The fact that the
lumber business Is looking up and the year promises much from
the agricultural viewpoint bankers ever conservative gaze
with satisfaction upon financial situation speak
enthusiastically Of prcscn, conditions
Pursuant the law which, ptosidcs Tor five calls annually
the comptroller o. the currency know the condition 81
all national banks the close al business January state
law provides Tor statements from state and private banks four
times year. simultaneous win four Of the eompollers
calls aud this fact brought oftfgues irom all financial
institutions showing the gains ever previous years reflect
ing the soundness o. Seattle.
Bankers point the aet That the total deposits IN an
,he Seattle banks the time ofhe Ian 81 call were exactly
s2s69oo and shat the iosrs majeseay over matters
Of S62Oo00oo total deposits Feb q 1902 sszO00OOO total
deposits Feb "a 1908 The last q figures given
pu,ed upon calls made the dates mentioned which the
ones by which comparisons with previous years best be
made.
Another indication Of in the volume Of local bank
ing business Is the naneers point tho fact that
loans and discounts Jan 81 something like s6s0OOoo
compared with Ss0000O Feb 1909 and S4 10000 or the
time 1908 Il added tha reserves which the
banks carrying average y per Of the deposits
Since the first Of the year local bank eearngs have shown
average increase Of over - per cent
AT the beginning u 1000 says J. " spauRle secretary
81 the Seattle Clearing House association IL ihc gen
era opinion that the accepted barometer 81 adchank
ug would show record during that year but that precisely
what they did throughout the country During the year clear
ng for the country large showed Of . per
the previous year and nearly per 1900 which
had previously been the banner year
The year 1910 Is Of promise for Seattle Lumbcrmcn
and machinery say that the OF the numbering
larger than has been Tor wears and tina, the tend
eney OF the market upward The winter has provided farm
with abundant moisture and crop prospects good al
though IT is very early 90 make predictions
An examination Of the total deposits submitted by the
banks tho call disclose shrnagc Of about 81 10000
since Nov To- 1902 when the last previous call made but
bankers say this fact neither unusual unavoraby gn
At the end Of the year they say there is always shrink
age caused by settlements OF various kinds Business houses
achieve credabe showings their books distribute
profits for other withdraw considerable money
from the banks the year but an business
finds way back the banks later Shruage IN deposits
the time in 1908 1909 than twice what
years comparison shows but 1908 abnormal year De
in bank deposits between November and February vary
from a million and half upware but this is in any sense
weakness in the business structure Of the