Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-11-05
EVANGELICAL AND OTHERWISE.

iii
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The banks Of the United States are
.r.s.a a.,,.n -r,th co.t The totai re-.
1o~
sources OF the federal reserve member
banks between June 80 and september
- ra1R sincrea sed s485. 600. 600. The in
N -, ..--,.. .,no~a,os
o1sAse III the totai oeposi's'
90 .ne nsares .e ea s .ans eon the increase
-; - 20 ~. ,n.reose IN
!. IN totai resources. VI Tue me-
deposits, $235.000.000 were held on de-
mand: SGT. 600. 900 on time deposits, and
s2oa. coo. 900 deposits to the credit of
sASo'OOV'VVo ueposi's
counts Of the banks in the federal re-
An interest1ng Ieat .ne oa 1ts If the
..call" ~ Sentember - was the state
ment that the bond holdings of the
MEMBER oanas nag incs me, tno st
wear by s3o5 400 900, This item, IL car
ried out to date, would probably show
a very large additional gain. the fig
ures representing very largely the In
vestments made by banks for the espe-
cial purpose of finding employment for
their funds, for although the loans in
creased they did not keep pace with
the increase in resources. Loans in
creased S1S0,000.00O: resources by $780,
100000, and banks were forced to buy
bonds in many sections to make inter-
est rates and dividends.
This condition is further evidenced
by 24.2s per cent reserves on net de-
cent: central reserve cities 20.39 per
cent, and country banks. 1852 per cent,
where requirements are for the three
ses "ers IS, IS and a per
nfru hi L a
held over 100 per cent greater reserves
than required by law.
some Satisfaction may De drawn from
these heavy reserves, as being in the
line of preparedness against the time
of need.
Local Security Matters.
g On one session OF the washington
Stock EXCHANGE. du. ing the past week.
+bere w,s s,ur+ oe ..;+;yi+y Soma
ligher prices and considerable in
-
IT, .,ss a., o.,, a -.
change Gnll and featrre,ess saws for
das sna~ mas TINS without saie' Out .
Value. local securities bave set-
lied around a range of prices that are
likely to be maintained until there is
an nxest,pant atar uue peeu na h ano
almost wholly diverted to broader
.,el.s of action
month the annual elactiun Of the stock
> chango "a hi . ,eld II is unter.
stood that Allan E. Walker. the or 8.
mt president and chairman. will not
70 candj ate fo.. .-.lec1inn having
saryed two ferms anone The % II.
,,ates ,.ama Jobn E,dwards ans to
Ia We tba ca,1 He has 9i en- safis ar.
I,,ry services as &C. etary FOR two
Years
With tho first of December tho or.
ohans. n, ,nnys r. 80 80, n,.. 10.
IN .se ~, a strat ~ ns sn LEV aiatrint
This and the ~ suJt Of the 81 ctian Of
ussoay may pf,ng ai ano more ,ecs sans in-
'e Tha s.cbanps w,,, hold Mo sess,on
rnesday N'nanse Will hoio no sess'o"
Ecu;+ob1a Ru;ld;nr P.rort
Iqul'aoie oulio1ns REPORT
The thirty-seventh annual report of
tba E.ouitab,e co-onerative pu;Id;n~
year the assets. active shares on the
rohs' amount 10 1ne creoit OF snare
ioiuers, ioahs outstanding anu net
pio''S hA'e eaeh inci easeu.
Inc are @"'A'''o14o, an III
uuns 'ne year Vi si,o''ooo.
rad;, a aF th s pa,u on STOCK 20 tne
sISne the $500 On aach sha-s ha;n,
s11o n Tha $780, an,n,,nt haid h,:
each stockholder Ia ss5asa ahares ~
the oldest issue IN ,rh;ch a. "a > rennfn
orincipal and s5so.o4 interest f''' ''''
<1sase 9Is cp Is on .o+s 1o .,s - nave Deen
redeemed 31s.OO2, soo.1S, Of which ST.
54s, 427.7S was paid in profits. The net
M tot.1 sarn;nos ~ tha .'. s. mains
S2,355,1ss.75.
uPOh- 80