Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-11-29
DEPOSITS INCREASE,
DEMAND LIGHTER
Credit Position Of Country
Better-Local Trust Com
pany Resources Greater.
BY !. A. FLEMING.


banks of Washington, and the demand
for accommodations is lessening. saw
for mortgage money, and activity iron
this source has been prevented
through the great difference in est
mates of property valuation between
the bankers viewpoint and the opin
ions of the real estate and building
operators.
= Even on Wall street, where loea
bankers carry their-"'secondary re
serves" as they are frequently re-
ferred to. there is not sufficient de-
mand to keep the surplus funds EN-
ployed. Speculation there is at 10"
ebb, except on the bear side. and many
of these accounts are closed with each
day.
. According to the combined state
ment Of the federal reserve banks
the country presents better cTe9i.
The atmosphere has been greatly
cleared by correction of the over
speculative position of some Dig oper.
ators, and so far as Wall street Is
concerned such operations being gen
orally in special stocks.
The ratio of reserve to combined
deposit and note liability Of the re-
gionaI banks is 44.4 per cent. com
pared with AL per cent week ago
The New York bank shows a ratio iol
reserve of 40.S per cent against ~
per cent a week ago.
! Local bankers have not evfdenceo
the slightest disposition to relax care
in consideration OF credit applica-
tions, but they continue to look after
their customers interests. Collections
are admittedly slow, with many real
efforts to make curtails.
Local Securities.
There was very little business
transacted on today's session Of the
local stock exchange.
Mergenthaler shares led in activity
102 shares in all changing hands. the
bulk of the sales being at 1872, with an
odd lot selling at 122h.
The only other stock transaction was
in Firemen's Insurance shares. which
brought 20.
Potomac Electric consolidated 5 per
cent bonds sold to the extent Of $4,000
a seE.
:, ,Jphn A NJ. Adair, president Of the
International Finance Corporation. ar
rived yesterday from Portland, Ind
He expects to assume his duties as
president of the corporation Deem
Der H. tFe --.E - -,-.4-s.s. -
W.. l.. Bachelor, treasurer Of the
International Finance Corporation, who
has been in New York for several days
in the interest of the corporation, has
returned TO Washington.
Some Trust Company Facts.
District of, Colombia trust compa-
nies' resources at the close Of BUSH
ness June 80 were for the first time in
excess of $75,000. 900. according to
Trust Companies of the United States,
just published by the United States
Mortgage and Trust Company of New
trict are $75,040,247, q gain of $f,323,-
.G44, over last year. -,
The trust company resources Of the
United States increased nearly IL per
cent and aggregate $12.45l,877.583.
which IL considerably in excess Of the
total banking strength Of the country
in 1901.
In reviewing the years record John
w. Platten, president of the United
States Mortgage and Trust Company
says: -
The fiscal year covered by this, the
eighteenth annual edition Of. Trust
Companies of the United States. has
again witnessed marked progressive
tendency within the ranks of these
institutions, s.;
Mot only has there been n hand.
some growth. both individually and
collectively. but the scope of useful
ness of the trust companies IN being
constantly widened and presAges an
even more assured recognition than
formerly of their value as An integral
part of orr financial syatem..
The resources of tho Z,zff trust
companies reporting reach this year
the impressive total Of 2,451.-
( s775s3.5s. an increase Of $1.So1,431,-
1896 over the figures Of last year.
and $s.123.42a.555 greater than those
Z OF five years ago" =
Greene Canane6 shut Down.
= The Green Cananea Copper Company
announced today that 1t would close III
: factories. etc. December Is. laying the
cause thereof to Lack Of capital" This
would seem to be about the only alter
. native to borrowing. 40