Evening star., 1915-01-18
TRUST COMPANIES SHOW
GOOD EARNINGS IN 1914
Figures of Gross and Net Profit of
Three of the Leading
Institutions.
Local Securities Market Broadens on
Investment Buying-Steel Trade
Improving-Notes.
BY I. A. FLEMING.

purins the year 1914 the National
Savings and Trust Company made
sS05.252 gross. at expense Of VIII
54T. leaving net earnings OF SlsS.'o".
or 1897 per cent on the capital STOCK OF
the corporation of 100000.
The Union Trust Company during the
same period made s2e3.2s5 gross. at an
expense of s160.26a, leaving net earn
in-s of s135.01s. being equivalent TO
6.5 per cent on its capitalization OF
$1,000. 600.
Earnings of the Washington LOAF
and Trust Company were s29b,ooS
gross with expenses of s144.3O9. leaV-
ing net earnings of s151.693. or 1916
per cent on its capitalization of
$1,000 900.
Other trust companies are to file their
reports later
The annual meeting of the National
Savings and Trust Company viii be held
this afternoon Following the usual
custom the reelection of the entire
board is probable.
Steel Trade Better.
There is a material Improvement in
the steel trade and the production is
now on a so per cent of capacity basis.
as against about 40 per cent in the first
week of the new year. The gain of
$4,000 tons of untitled orders on the
books of the Steel Corporation in De-
Cember is likely to be followed by an
other gain. perhaps little less marked.
with the end of January. The general
attitude of the steel trade is one of
quiet confidence that there will be
steady Improvement. Views of the fu-
ture are admittedly conservative but
are encouraged by specification re-
quests and "feelers" generally as to
prices and delivery.
Exports of all classes of steel and
manufactured steel. iron ore. machin-
cry, etc. showed big gain in Novem-
ber over August. and the chances are
that December and the current month
will also show material increases. as
the export trade has been improving
right along.
Officers Reelected.
Directors of the Washington and
Southern Bank have reelected officers
for 1915, as follows:
J. Selwin TAFT. president; Clarence J.
owens, vice president; Henry c.
Finkel, cashier; George o. Wilcox, as
sIstant cashier: B. w. Burnside. assist
ant cashier. and F. r. Petit, assistant
cashier.
Local Securities.
The local bond market was broader to-
day than at any time since the reopening
of the exchange Both stocks and bonds
were wanted by investors, and prices
showed fair strength.
Riggs Realty 5's. short-term maturity,
sold at loo: Potomac Consolidated SIS at
a9as. Potomac first SIS at 1O3s4, Gas SIS
at 1032s and Washington Railway As at
s11..
Capital Traction stock was steady at
the minimum price. %. Railway common
advanced on one sale to So. Two sales
Of Washington Loan and Trust stock
were recorded at 225.
Financial Gossip.
Harvester Trust passed it's last quar-
rerly dividend of 1914. President Nc
declared that business had in no way
improved since the passing of the divi-
dend last September.
Forty national banks reporting to the
controller of the currency as to condi-
tion at the close of business December
81 showed deposits in excess of $25,-
100000 each. Included in the list are
fourteen banks in New York, four in
Chicago. four in Philadelphia, three in
ST. Louis and three in Boston.
The National City Banks of New York
city showed the greatest gain in de-
posits. s31 $4,000. now having a total
of s292. 900 deposits on hand
The Fidelity Storage Company has
paid its usual semi-annual dividend of
3 !. per cent. payable to stockholders of
record January /