Evening star., 1916-09-30
THE WEEKLY CLEAR|NGS
i. INDICATE GOOD TRADE
Weeks Figures Show Gain of 34.l
Per Cent Over Same Week
, in 1915.
Changes in Bank Directories-Two
Local Operators Buy New York
Stock Exchange Seats.
BY I. A. FLEMING.

BY I, A. FLEMING.
Business continues good throughout
the country. although during the past
week outside of New York city there
has been some falling off in the clear
ings, while the immense gain in the
stock market trading and the big finan-
cial operations going on there have in
creased the clearings by many mil
lions.
The loss in the entire country was
but per cent, as compared with last
week, the total being s5.451, 314, ,O0o the
second largest clearings on record,
being exceeded only by those of the
previous week.
Outside of New York the decrease if 4.6
per cent, New York furnishing all but
$1.973, ,2T0,000 of the total
AS compared with the same week
last year the clearingS show a gain of
34.1 per cent and with the correspond
ing week of 1914, when stagnation was
just beginning to be thrown off of 1851
per cent
New Director Elected.
]. Leo Kolb has been chosen a direc-
tor Of the District National Bank, TAX
ing the place made vacant by the res
ignation of ]. C. Let's, who has elected
to remain on the board of the Conti-
mental Trust Company.
Will Lose Directors.
The Continental Trust Company will
lose the services, as directors. of W. T.
Ga1liher, who is president of the Amer
ican National Bank; Wade H. Cooper
and probably Ellie Sheets, under the
W. F. GUIDE is a director of the Lin
coin National. Metropolitan National
and Munsey Trust Company, and will
have to elect one position and resign
the others. -.--a.E 80.
The Commercial National Bank will
lose the services of Joseph Henry, man
ager Of the 18th street branch Of the
Munsey Trust Company, as director.
Tucker K. Sands has resigned as di-
rector of the Franklin National Bank
O. H. P. johnson will retire from the
directory of the National Savings and
Trust Company.
Purchase Seats on Exchange.
John L. Edwards. secretary of the
local Stock Exchange, has purchased q
seat on the New York Stock Exchange.
Francis A. Connolly, recently connect
ed with John L Edwards & Co. but
now operating q brokerage house, using
Hutton & Co.'S New York private wires.
has also purchased a seat on the New
York exchange.
The price paid Is understood to be
$4,000 for one membership and $65, ,008
for the other.
These are material advances on re-
cent sales. but the wonderful spurt OF
activity and the return of the public
to the market have caused the advance
Banks Make Deposit Gains.
The large banks of the country made
decided gains in deposits during the in
terfm between June 80 and September
IL. Some comment was caused by the
fact that Washington banks made a
big gain during this period. which is
usually the spending and not the saw
ing season, but the same results were
prevalent elsewhere in marked amounts,
indicating a thrift that was not ex-
pecsed-
The big Chicago banks showed from
314,000.000 to $20,000.000 net gains, and
large San Francisco banks from $4,000.
delphia and northwestern banks also
made good gains.
In the larger cities of the east and
New York especially, the heavy fnanc-
the millions and large employment Of
money generally has caused reduc-
tion in deposits, but the gains as COM
pared with a year ago are enormous
The National City in a year increased
its deposits from $391,740.o00 to s512,-
$4,000. and other banks in lesser
Amounts-
Condition Of the Treasury.
Fhe condition Of tho United States
Treasury at the close Of business yes
terday was:
Net balance In general fund. $751;
oee, ,o4&
Total ordinary receipts, s2.226.447
Total ordinary payments, $2,011O32
The deficit this fiscal year is $49.-
634.916. against deficit of $33. .353 964
1na