Evening star., 1920-02-18
INCREASE IN BANK
DEPOSITS SHOWN
Controller Williams Reports
Changes at Close of
Calendar Year.

National bank deposits in reserve
and central reserve cities increased
$1s3. $4,000 between November Il.
1919. and December 81. 1919. accord
ing to figures made public last night
by John Skelton williams, controller
OF the currency. or the sixty-six re-
porting cities forty-four showed an
aggregate increase OF $277.s11 600.
with an aggregate reduction OF 1884,
$4,000 in the remaining twenty-five.
The increase in the three central
reserve cities of New York, Chicago
and st. Louis amounted to $130.605.-
900.
Cities whose national banks show
ed an increase in deposits OF $4,000
900 or more were: New York. $1o3.-
600. 900; Chicago. $24.000,000; Dal1as
Baltimore, sl5,OO0.o0o: New Orleans
and Louisville. $10,00o.000 each; Pitts
burgh. $1,000. 900. and Jacksonville
and Nashville. $6.0o0.ooo each.
The only cities showing reduc-
ton in deposits of s5,ooe.ooo or more
yer. s7,O0o,oOO each; Boston. ss,oo0.-
900. and Cleveland. s5,o0o,ooo.
Geographically. reserve cities In the
eastern and middle states showed the
largest net increase-S42,26 100000. The
net increase in southern reserve cities
was $44.I93.O0O, while the middle
| western states showed a reduction OF
$4,000, and the western states re-
ported a reduction of $9.SsS.000. On
| the Pacific coast net increase or
$1,519.000 was rept rted.
Gold Holidays Decrease.
The Treasury statement shows
total gold holdings of the United
| States on February l were $2,1s2.-
9O5. 5.4s1-a decrease of s24.sos,s25 from
January making the seventh con-
secutive month to show decrease
Gold holdings are now at their low
est point since December, 1916. when
they were $2,741 ,669,491.
| Exports of gold from the United
States, which have gone on continu
ously since last June. when the en-
bargo was removed, have 50 reduced
| the gold stock of the country that
there has been talk in some quarters
of requesting the government to re-
drawals of gold from the assay ONCE
| in New York have SO reduced its
holdings that the Philadelphia mint
at intervals has been shipping part
Of its gold to New York, the latest
went out early last week.
] Gold holdings Of the Philadelphia
mint are approximately $25o.0o0. 200.
| Part of this gold was transferred to
Philadelphia early in the war. when
Great Britain was shipping millions
of dollars of yellow metal to J. p.
financial agents here. The gold.
which was in the form of British SOW
! ereigns. was sold to the Treasury, and
upon it's arrival in Philadelphia the
sovereigns were melted into bars
| A comparison Of the gold stock at
the beginning of the last nve years.
compiled by the Wall Street JournaL
| q q
$2,7S7.714.000; January, 1919. 33.0s0.-
$4,000: January. 1918. $3.040.439.0oo:
January. 1917, $2,864,841,0 900; January.
1916. $2.312.444.000; February, 1920
$2.762.S05.000; February, 1919. $685.
$4,000; February, 1918. 93.03s,545.ooe:
February. 1917. sa.si2:4S5.ooo, and
February. 1916. $2,32s.42l.ooo.
The heavy export of gold comes at
a time when the production Of the
yellow metal in this country is at the
! lowest point since 1897. and when the
use of gold in the arts is increasing.
MergentAaler Dfvidend. !,
E. J. McQuade, treasurer of the Lib
erty Savings Bank, returned from q
directors meeting of the Mergen-
| thaler Linotype Company in New York
yesterday. Mr.. McQuade reports the
business of the company to be tre-
mendous right at present. Work on
the company's new plant is progress.
l Ahe AeRA4Ay, anu ~ - SARSSeCO ~
ready for occupancy by May 1, which
| will make possible q considerable in
crease in output.
The regular quarterly dividend Of
2h per cent. payable on March 81 to
stockholders of record March 3, was
declared at the board meeting.
John Burke, treasurer Of the United
States, has accepted the invitation to
speak at the annual banquet Of the
American Institute OF Banking to be
held Saturday night at the New Will
lard Hotel.
! Trading was rather brisk on the
local Stock Exchange today. bond
| sales featuring the activities. Three
Washington Gas 1000 5s were sold
one at S7A and two At S7k. respect
lively. Four Capital Traction 1,00e
5s brought 81. while four Riggs Real
ty Qong) $1,000 5s sold at 90. There
were seven shares of Continental
Trust Company stock sold at l13. one
share of Mergenthaler Linotype at
1875, and four lots of Columb bia
| Graphophone preferred. all of ten
shares, sold at prices ranging from
S91s to 80.
After call one Capital Traction $500
| 5s sold at 92h. Three Washington
Gas 81, 900 5s changed hands. one At
s7k and two at S7x. There was also
three sales of Washington Gas stock
sold at 4Sk. and one share OF Mer-