Evening star., 1915-02-11
REPORTS Of ALL BANKS
!, IN NATIONAL SYSTEM
At Close of Business December 81,
1914, 1851 Institutions Had Re-
sources of $11, 1867, ,0s6,O17.
Other Statistics-New York Cen
trails Big Bond Issue-Steel
sources Of $11,357 ,0s6,017.
BY I. A. FLEMING.


BY I. A. FLEMING.
At the close of the year 1914 ther
were 1851 banks in the nat onai system
with total resources of S11.357. .0SS,0l1.6
with total deposits of s6.3i6.362. .230.36. c
which s1,171.222,217 was listed a
time deposits"
Capital stock of these institution:
s1,065,@5 .505; surplus, S726,935, ,7ii-2;
and undivided profits. S2S1,924. .667.s6. In
vestments in banking houses, furntur
and fixtures totaled s271, ,464, ,956.o1. Over
drafts. an interesting proposition jus
row. totaled s15.79s,224. These bank
held s739.1eo,3i6. 66 of government bond
to secure circulation
Banks in New York city reported
decrease in cash since the october ca
of S103.0o3.SS5, with a gain in deposits
Of S95.s12-356. AS compared with tn
showing a year ago this ga was sl64
t39,5SS. Other reserve cities reported
a gain in deposits of S3o,1o 245, a!
compared with a year ago, while New
York city banks show an excess reserve
Of s1s.l36,921. as compared with an eX
cess of sS1.sG7.000 in January. 1914.
Southern banks lost s63,30S,3I2 in de
posts as compared with last year a
Chicago banks lost S49,933.623 in cast
and gained s17,171.005 n deposits
For the entire system the following
figures are given:
Total cash reported December 81 a
S6e3,22S,0SI. decrease since October
~ of s26s, s,325,2 2sS, which is due to the
deposit of reserve in the federal re.
serve banks amounting to s261.459.775
and subscription to capital stock OF
S1S,051,00O, showing in reality an in
crease OF cash in national banks plus
federal reserve banks of s17,1S4.712
The total demand and time deposits
less United States and postal savings
reported December 81 at S6,239.015.604
4 gain over October 81, 1914, of $780,
ls0.ss6. and January IS, 1914, Of
s1sI.o1O,351
The total excess reserve is computed
at s559.913.96l, aga nst an evcess Oc-
toher 81. 1914. of s126.469.450.
These facts summariz ne the return
TO the last call" of 1914 were issued
from the controllers office this morn
ing.
Bonds Were Active.
Bonds were the leaders in trading on
the Washington Stock Exchange this
sales record and but one issue of stock
5s brought 104k and later 1O41s
Capital Traction 5s, which opened at
l0e1s. closed at 1861. Chesapeake and
Potomac Telephone 5s brought 1O3A
and city and Suburban 5s 1O1 "a
In the stock list railway preferred
sax. ~ u 00 shafes al
New York Central Bond Issue.
The directors Of the New York Gen.
tral Railroad Company have approved
an issue of s1oo.o0o.ooo 6 per cent
twenty-year debenture bonds, to bear
date May 1. 1915. payable at the option
OF tne company at 110. bonds to be
convertible into stock at the option OF
holders, at los. any time between May
!. 1917. and May 1, 1925 Purchasers
may pay for their allotments as fol-
lows: May 1. 1915, so per cent; Sep
October 1. ali in 1915. A sbareholders'
meeting is called for April 20 to ap-
prove the action. Stockholders OF
April I have a right to subscribe to the
6onds 20 the extent of 40 per cent of
After the Shareholders have voted
their approval the public service COM
mission must first approve before sale
can De made. j. ?. Morgan & Co. head
q syndicate to underwrite the issue.
The proceeds of the sale will be used
In paying off obligations, and the car
rying charges will be practically the
same as upon the notes which will be
retired.
District Utilities Notes.
The Washington Interurban Railway
Company Gormerly Washington. Spa
Spring and Gretta Railroad Company,
carried 2s6,424 passengers in 1914 in
the District. with total receipts from
all sources of s9,oos.02 Total nav.
Inents were s5,35662 and interest on
bonds s3,2oo-24- The total cost of road
PED. structure, Including iron. in Dis
trict. was S11s.324,39 and of eauipmen nj
and road in the District s21362.67.
The Georgetown Barge, Dock and FL
eVator Company reports a net loss dur-
ing 1914 of Ss,170.06.
The Georgetown and Tenlevtowr
Railway Company reports total recsints
from all sources in the District mi
S11,o1345 for the year 1914 The com
pany was operated with a net loss of
;1o.s33. 'o'' u
Untitled Steel Tonnage.
The United States Steel Corporation
unified orders on hand January 81
were 4,24s.5Il tons, an increase of
4ll.s2s tons. as compared with a.sa6,643
tons on December 81, Unflled tonnage
on November 80 was 3.324,5s2 tons;
october 81. 3.4s1.os7 tons; September
80, 5.1s1,s67 tons; August 81, 4,213,331
tons. and January 81, 1914, 4,S13'SS0
tons.
Treasury Statistics.
The daily statement of the United
States Treasury. dated February g.
shows the following:
Other securities" deposited to Sc
cure circulation February s, to the
value Of s54,73S.45o, decrease of ST.
53s, ,2e2
The total retirement of additional
circulation notes, act of May 80, 1905. .
at the close of business February 8. is
reported as S166.l36,SS932
Receipts exceeded disbursements fol
the day of February by S4s7.oso "a
decreasing the excess of disbursement.
for the fiscal year 1915 to that date tc
ss5.477.516.ll, as compared with SAL.
sI6.$37.Ol for the fiscal year 1914 tC
the corresponding date.
Reduce Minimum.
The governors of the Washington Stock
Exchange this afternoon reduced the min
imum on Mergenthaier shares from 1870
to lsJ. The stock was selling today at
RnSf0n IN