The Washington times., 1914-03-22
WASHINGTON BANKS
CALLED TO REPAY
Treasury Asks That Balance Of
Crop-Moving Fund Be Re-
paid April |. ..
By GEORGE H. GALL.

The. Washington banks which received
allotments. of crop-mov:nS money last
fall will have to pay their entire bal
ances inte the Treasury April !. per-
emptory call for the return Of the money
was received yesterday afternoon by the
banks concerned.
About S,10.G0 was placed on deposit
by the Government with several of the
local national banks out of the fund
set aside by the Treasury for use in the
South and West for crop-moving pur-
poses. The last payment was expected
to be made April Is. and the call for
repayment fifteen days in advance OF
that time was not looked for.
The call will have little effect on the
local money situation. however. accord
ing to the president Of one OF the banks
concerned. as about two-thirds of the
orig nal deposit has already been re-
turned. and preparations were being
made to make the final deposit April To-
!. The advance was to have been re-
turned in four monthly installments be-
ginning with December Is last. making
March Is as the date for the final pay
ment But the Treasury extended part
Of the February installment for thirty
days, and it was thought. therefore
that the final payment would not be
called for before April 10.
The final repayment OF District TAX
money was made by the banks March
Is, consequently April / will see the
local banks cleared of special Govern
ment advances.
Washington suffered a los per cent de-
crease in bank clearing for the week
ended March l9, as compared with the
prev GUS week, and as compared with
decrease of only $40 of l per cent Tor
the entire country, according TO BRAD
streets compilation for the Unateo nau.i
Philadelphia, 81 per cent: New York,
81, and Richmond. Al per cent
Net receipts of the railroads of the
country for the month Of January, re-
ports Of which are now complete. show
a loss of 2O.2 per cent, and gross earn
ings show a loss of 7.3 per cent, as COM
pared with the figures for January a
year ago.
In its analysis of the figures Brad
streets comments, in part. as follows:
"At first blush the ratio of decrease
202 per cent-reported for net earnings
seems strikingly heavy. but In Weighing
the decrease it should be recalled that
January of last year yielded an increase
of 45.3 per cent. that advance contrasting
with a fall Of 1873 per. cent in January.
1872 For January of the cui>ent year
the Northwestern group returns an al
increase Of 49, in the like month
of 1919, the latter showing contrasting
with a drop Of 20-S per cent In January
1912. The Central Western ROADS now re-
por: decrease of 4i3 per cent. where's re-
last year they. showed a gain OF o"'
per centsas opposed to a loss OF 5l2 per
cent i'm January, 1912. The trunk lines
exhibit for January this year a fan oil
ss.s per cent wnsle last & year and ihey ne 1an- re
uary two years ago they saGersd a very
slight drop. a small fraction tof per
cent. -=1s - -
II. 3per cent from january last. TINS
cent in the corresponding month last
wear. which advance must be arranged
alongside Of loss of 214 per cent IN
January. lSl2. "a.
period of improved sentiment with which
business did not quite keep pace. wniie
January of 1913 was a time of marked
activity and, on the other hand. that
month in 1912 vas marked by haltlng
business tendencies and especially ad-
verse weather"
The week on the local Stock Exchange
was dull and productive OF only small
volume of business. Proposed legisla-
ton was reflected IN some rr'crs. IN
the case of Washington Gas the failure
of the arrangement TO authorize the
gas companies to combine was fellow
ed by an easing off in the price Oh
Warrington Gas.
The introduction of legislation sup
posedly adverse to the interests Of the
Washington Railway and Electric Com
many. however. was made the occasion
for 4 sharp advance in the securities
OF. the corporation. when the bid for
common stock was increased three
points at yesterdays session Of the eN-
charge.
.Offira-s Of the Washington Railway
and Electric Cnmnanv eXDress them
selves as confident that the DrOoOsed
hill to u1scra nhlc The railway from the
light and power company will not pass.