The Washington herald., 1913-08-21
STATISTICS0F
DISTRICT BANKS
Capital, Surplus and Undivid-
ed Profits Of Thirty-six In
stituhons $50, 1884, $40.
SOUTH WELL CARED FOR
Northern Banking Friends Generous.
Stocks Show Strensth-Gossp
Of Wall Street
By L, A. FLEMING

The strictly individual deposits of thu
banks are s7OoSS.sn.4s, these figures no
including exchanges for the clearing
house. etc:
INDIVIDUAL DEPOSITS.
National hanks. ,as,ei 50
Trust companies. a-,i209
Savings bsnks-....:..........- oess % =.
National banks hold s, ,ssl, ,s97.72 of gov.
ernment deposits, and all banks hold
Sl26,s204O of Postal Savings deposits.
The Clearing House Association held
two meetings yesterday at which the
Glass-Owen currency measure was under
discussion. Some of the members were
rather severe in their criticism, especially
of the Federal control proposition, which
seems to be the butt of the most con-
tention. Others advised conciliation. a
realization of the practical certainty that
the measure would be adopted. and that
1t would be but the part of wisdom TO
endeavor to secure as many changes as
POSSIBLE where the shoe pinches.
ne ulSCusslOu "do &Oi tiiS oShS-as ~
w. T. Galliher. who today leaves for
Chicago as a delegate of the Clearing
House, enlightening him on the senti-
ments of the association The big cur
rency convention in Chicago will meet
tomorrow, attended by all the leading
bankers in the national banking system.
President John Poole, of the Federal Ma
tional, goes as a delegate from the Bank
ers' Association. 1t is likely that Presi-
dent Clapham, OF the Commercial Ma
tional, will also make the trip to hear
the discussion Robert n. Harper, presi-
dent of the District National Bank, is
alternate to Mr.. Galliher. but will not go
to Chicago, although one of the closest
students of the currency bill in Washing
ton.
Have Been Kind.
The Merchants National Bank. of Rich
mond. recently addressed the following
form letter to bankers all over the States
of Georgia, North Carolina, South Caro-
lima. and Florida:
We will greatly appreciate your advis-
ing us as to the general financial con-
ditions pre~-iling in your vicinity at the
present time and whether or not any
difficulty has been experienced in your
section in obtaining this year the accom-
mediation which your correspondents
north o. Washington are accustomed to
grant yoI each spring and summer.
We will also be glad to have an ex-
press n from you in reference to the
general condition of the crops. and If
in your opinion any unusual difficulty
will be experienced in moving the crops
this fall"
Answers from three score correspond
ents were received and published in
pamphlet form. Nearly every letter
gives assurance that the bankers have
been treated with usual generosity by
Northern bankers.
An Elberton, Ga, man is about the
only exception. although he admits that,
While we have had no difficulty our
selves, / understand some of the banks
IN this section are having trouble getting
what they need
Augusta, Ga, says: There has been
no reduction IN the amount which our
friends north of Washington usually IA |
vor us with during the summer"
Another Georgia banker writes: 81 do |
not believe that any legitimate business |
requirement has not been met, but the !
banks here have not been taking on as |
many outside loans as usual"
Salisbury, S. While We have to |
slightly during the early fall |
we do not anticipate any trouble getting |
what we need from our correspondents |
At nominal rate"
Raleigh, n. C: "Our neighboring banks !
are borrowing largely, but We have not
heard of their having any difficulty with
heir regular correspondents"
Jacksonville, Fla: VERY few, if any.
ocal banks have found it necessary to
'ediscount. 1t is quite customary for
Jacksonville banks to borrow from this
lime on to March i. We have never
lad any difficulty in obtaining from our
Northern correspondents all the needed
lccommoda tons"
From these extracts, it may reasonably
re inferred that all charges that the
lanks of the North. and especially of
Iew York City, had not been meeting
he needs of the South as generously as
Usual are untrue.
Local Securities.
Railway common led in the limited re-
vivsl on the local security market, fifty
five shares selling at 30, equal to 81 1-2
dividend on. The preferred stock was
held at IS. \ small lot Of Union Trust
sold at lS5.
Bonds attracted more attention. Sales |
IT 10i for Gas rs and los for Traction 5s
Potomac Consolidated IS were 100.
lnere was considerable ACTIVITY at
lines yesterday, but as rule the mar
set was slow. The undertone was one
II strength, changing repeatedly, and the
inal closings showed partially held gains,
amounting on the average to 1-2a3-4 of a
,oint.
Every one ,seenied to have orders in
steel Stories of the revival of trade in
hat business are freely told. and this, !.
With the excellent demand. resulted in
n advance OF a point, and the closing at
. rs was SIS gain. I
Smelling was in excellent request re-
ponding strongly to the better news
rom Mexico. The net gain was : points
o 6s Reading gained nearly a point,
canadian Pacific a point. General Elec- l
ric Ia. while the high-grade rails as a
ule held their own we'll
Bank statistics. n
The division Of reports has tabulated
he returns of the seventeen savings 4
~ouap f,-,,et ,ar,, po pias and ,up.l,,o .