Evening star., 1915-05-04
LOCAL BANK DEPOSITS
SHOW LARGE INCREASE
Between March 4 and May l of This
Year Washington People
Saved Much Money.
Trust Companies Gained 81, 1,162,S19.
Some Preliminary Figures-Munsey
Trust Dividend-Bonds in Demand.
BY I. A. FLEMING.

\at1Olldt DdHhS IeteiNcu a iSiSS's
from the controller of the currency
this morning for a statement of condi-
tion at the close of business May !.
From preliminary reports of national
banks, trust companies and savings in
stitutions it is evident that from March
I, the date of the last previous call, to
Nav L. the people of Washington have
saved large sums of cash.
Bankers intimate that economies have
been put in effect by the people: that
there has been less travel and less
money sent abroad. less disposition
on the part of business interests to ex-
pand ard that the saving trend has
been accentuated by prevailing condi-
lions
Some of the national banks have sus-
tained losses in gross deposits where
there have been good Increases IN m
dfyiduaI deposits, this by reason of the
withdrawal of Panama canal fund and
government money.
The Union Trust Company reports
gain in total deposits May l, as COM
pared with March I. of S318.4Sl.S6. the
National Savings and Trust Company
gained sl33.3S the Munsey Trust
Company gained s91,i.i; the Continen-
tai Trust Company. s135, s4o6l: the
Washington Loan and Trust Company,
s2SS,gS3, and the American Security
and Trust Company. S133.6SS.43.
Gains by national banks in the pre-
15minary reports were as as Io,ions,i Io,ioMs
Metropolitan. s22e,3 Federal, s14S,-
1882.
The District National hy reason of
tax money repaid. and Panama Canal
funds withdrawn, lost S162, ,032 80. and
the Commercial National. for the same
reason. lost $3.50. 111S5, though both in
stitutions show material gain IN IN
dividual deposits.
,f,o Il
gains as reported. in the same COM
parison. May l with March 4: Anacos-
tia. s3.439: Commerce and Savings.
s1.633; Home. ss3.3o3: Security and
United States Savings. $5S,49e, and In
dustrial. S3.2S0
Savings banks reporting losses in the
preliminary reports were as follows:
North Capital. S6.s53: Seventh Street.
S6,34.. Park, s30,S6S.
Full and final reports may show
some slight changes from these figures,
while additional gains are likely to be
shown by national banks and savings
institutions that are not included in
the above reports.
The total gain in deposits of the six
trust companies was Sl.162.S79.
Munsey Trust Company Dividend.
The Munsey Trust Company sent out
checks last evening for the first divi-
dend of the corporation per cent. 1t
Is not quarterl yor semi-annual dis
tribution. the directors deciding to de-
clare dividends when advisable.
Local Exchange.
There was a fair demand for public
utility bonds on the local exchange to-
day. The leaders in activity were Wash
ington Gas SIS at 105, Capital Traction
SIS at los, Potomac Electric SIS at los r.
Washington Railway and Electric As at
s2a. and Chesapeake and Potomac Tele-
phone SIS at los.
The inquiry for Washington Gas stock
in odd lots was good. The bids indicated
the presence of orders placed by small
investors. Sales were made at 11Ia for
odd lots. and quotation lots brought 20.
Washington Railway and Electric pre-
ferred stock sold at S6Js