Evening star., 1914-07-06
SALE Of BANK STOCK
/ FEATURES ON EXCHANGE
Block of 100 Shares of Commercial
National Sold
at 1873.

The sale of 40 shares Of Commercial
National Bank stock at 1sS was the fea-
ture Of the trading on the local exchange
today. The selling was done by one bro
ker and the buying was confined to one
member. At the close, after he had
bought 100 shares. the bid for more was
at 1ss. After call it served to bring out
two additional scts aggregating twenty
shares.
The remainder Of the trading was fea-
tureless. In the bond list 1000 Potomac
Consolidated 5s brought 9o1e and Chesa,
peake and Potomac Telephone Ss sold
$1,000 at 1O3. Railway and Electric As
sold 5000 at s211aas2ss and Capital Trac-
ton 5s $1,000 at 1Os.
The call of the controller of the cur
rency for the condition of the national
banks as of June 30. 1914. is one that
long will be remembered by bank om-
cials, for never before has call neces-
STATED such a great amount OF clerical
work on the part of the banks in order
to supply the information requested.
In addition to the regular statement
Of condition submitted at every call,
the banks have been instructed to FOR
ward to the controller lengthy reports
concerning their loans and discounts,
loans placed for account Of correspond
ents and the number OF national banks
and banks other than national. includ-
ing accounts with the national banks
replying to the call. The banks also
are asked to give a statement of the
number of accounts and amount Of
funds held for savings orga anizations
connected with institutions of learn
ing All of this additional information
which has been requested is for the
guidance of the federal reserve board.
and discounts the banks are required
to report on eleven different items.
This statement is divided as to states.
The banks also must report with re-
in Alaska and the insular possessions.
Canada, Mexico and 9TH her foreign coun-
tries. There are 5s3 blank spaces to
be filled out on the statement forms
one bank will have to I'LL out every
one of the blanks, it is believed. The
statement form concerning the number
of banks in each state with which the
banks reporting transact business
contains 636 blanks to be filled out.
Beginning today the national banks will
have to keep a daily account of all
, controller Of the currency at the con-
clusion OF the week. In letters which
have been forwarded to the banks the
controller states that this information is
for the purposes:
First. of enabling this office to form
an approximate estimate as to the mum
ber of checks on member banks which
the federal reserve bank Of your district
may be required to clear, provided that
bank should undertake to clear the
checks of all member banks in your dis.
trict; and.
Second. of ascertaining the probable
number and amount of checks which
would have to be cleared by said bank
provided the federal reserve bank in
your district should refuse to receive
from depositors checks on other banks
fefther member or non-member) in the
same city or town as the depositing
bank
1t Is understood the national banks
only will be asked to make report of
this nature for but one week
Officials of several Of the local national
banks stated today that because of the
additional information asked they hat
been delayed in completing the state
ments of their respective institutions
Several of the banks had their regula,
statements completed however It i!
stated the statements of the banks of tn,
District of Columbia probably will max,
a good showing. Deposits will be unusu
ally large it is believed.
Clearings through the banks last week
at the principal cities in the United
against So. 26I, So, ,641 for the same weel
last year. a gain of 2S per cent, accord
ing to Dun's Review.
Commercial failures last week in the
United States numbered 379, against 3't
the week before. 333 the preceding weel
and go the corresponding week las,
year