Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-03-10
IN DISTRICT
SHOW LARGE INCREASE
BY I. A. FLEMING.

The belated cali from the control
Ter of the currency has been issued
for a showing of condition at the close
of business March 5.
AS March was a holiday in the Dis
trict. also the day preceding. local
fiscal institutions were ordered TO
send reports as at the close OF bust
ness March s. The rest Of the United
States Will report as at the close OF
business March 3.
Some bankers were OF the opinion
that the call. and. the date selected, IN :
dictated quadrennial comparisons in the
future and admitted that a four-year
comparison would show an enormous
increase in visible wealth.
In the last two years the District has
added probably $20.00O.00O to its depos-
it's. and the current statement VIII snow
the 500, 0O0, COO-mark crossed In depos-
its in the District for the first time in
its history.
The last previous call was on Decem-
Der 81. 1916. and deposits at that time
totaled ?9,172.520.
The Riggs Bank alone shows an IN
crease in comparison with the last pre-
vious statement Of S1.13S.OO0. This in
stitution was not called upon to return
any government deposits. not having
any. Other national banks were com
pelled to make return of about s62c.ooO
in the aggregate. being the January
and February payments. the latter com
pleting the return of the tax money
The trust companies for TINS ano
probably for other reasons Jared better
than the national banks. A glance al
the preliminary returns from NUMBER
of institutions would seem to 1ndlcate
that the deposits at the close Of bust
ness March might total around Slo3.-
900. 900 to 104,00O,0O0.
The National Savings and Trust
Company gained $157.946; the American
Security and Trust Company. S636,390:
the Munsey Trust Company. s351,900
pany. s653.Os2: the Union Trust Com.
pany. s401,40s. and the Continental
Trust Company. $171.000.
The District National Bank gained
$46, 407; the Commercial National. S214..
6S7 and the Federal National. $2S,625.
The interim between the two latest
calls has been a saving period: the
thrift movement has been at its zenith,
and the public has been recovering
from it's eXtravagances of the holiday
season.
Moreover, over a million of dollars
was paid out January l on account of
dividends and interest payments. and
hundreds of thousands more on account
of interest on deposits and on securi-
ties other than those covered in tife
usual list of disbursements.
And the unsettled condition of af-
fairs has not been conducive to rein
vestment of much of this money which
safety first" to the ultra conserva
tive, has suggested be left in banks
and trust companies on interest.
The savings banks will unquestion
ably show a large gain. The prelimi-
nary figures show the reports of all the
trust companies ard indicates that
without exception they have made
gains.
Local Securities.
On the regular call on the Washing
ton Stock Exchange this afternoon
trading was confined entirely to a few
hundred dollar bonds OF the American
Graphophone Company at 1O1 "a. not a
share of stock or a full bond selling.
After the call Graphophone IS sold
at 1914 and 102.
Potomac Consolidated 5s made a new
low at 1905, and a $500 Capital Trac-
ton per cent bond sold at los.
With the exception of shares OF
Washington Gas at 764. the bid price
for the stock. there were no share
transactions
Practically the only change in quo
tations was a small gain in the bid
price of Lanston to ~.
Graphophone Dividend.
The directors of the American Graph
ophone Company have declared the
regular dividend of tx per cent on
the common stock. payable April i to
shareholders of record March Is.
Condition of the Treasury.
Condition of the United States Treas
ury at close yesterday showed:
Net balance in general fund, s62,3O9,-
6SS.
Total receipts. s3.001, $50
Total payments. S4,S5S.555
The deficit this fiscal year is $685.
1S4,243. against a deficit of s54,1S6,133
last year, exclusive of Panama canal
and nublic dent transactions