Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-10-15
RECOGNIZE NEED Of
AID IN EXPORTING
AgricuIturists Urge Assist
ance That Surplus Products
May Be Marketed.

Suggestions coming from the repre-
sentatives Of the agricultural community
for the functioning of the War Finance
Corporation as an aid to the American
export trade is one of the most i'm
pcrtant news items of the day.
1t is evident that some aid is neces-
sary to enable Europe to recover from
the wars depressing effects and the
very low rates Of exchange. Otherwise
they will not be free buyers in the
United States.
The American Bankers Association
recognizes this fact in the proposal
to organize a s1oO.OO000 American
banking corporation for the exclusive
purpose of giving aid to foreign trade.
that the products of America. raw and
manufactured, in excess of the needs
of the home market may find ready
sale 1t has an important committee
working along the lines indicated and
the report of progress by this COM
mittee will be one of the features of
the convention week.
The proposed bank would not be
exclusively an A. b. A affair. but
would have the Endorsement and as
sistance of the Chamber of Commerce
of the United States
The president of the A. B. A. con-
siders thrift in aid of the rehabilita-
ton of Europe as the most important
necessity of the day.
s20O.OOO, 900 Cash.
1t is expected that the payments in
connection with the retirement of the
Anglo French bonds will result in the
disbursement of some 100000. goo
cash today. The balance of the bonds
have been purchased for retirement in
the open market.
Other large operations in financing
Treasury certificates, payment of in
terest coupons on liberty bonds, etc,
have been previously referred to as
occurrences of the day.
Local Securities.
Columbia Graphophone Company
common stock furnished the bulk of
today's trading on the local STOCK
Exchange, 100 shares selling in all,
and all at 20A.
Railway preferred was second in
point of activity. easing off from
SIX and easing to SIZE.
Washington Gas SIS were firm at IS.
Compilation Of the statistics Of the
banks in the forty-eight states. in
sular possessions and Alaska. other
than national banks. reporting June
30, 1920, shows deposits of $23,694.-
$4,000. an increase of $2,S55.S25,OO0
for the year.
S55,OO0, an increase of $3,2S7, 326,000.
The total resources of all banks,
state, national, etc. reporting in the
United States June 80. 1920, were $53.-.
079, 100000, not including the federal
reserve regional banks.
Total deposits were $41,714,075 900.
an increase for the year Of $4,045,-
$4,000.
Assistant Secretary Fitzwilson of
the A. B. a. will open the books for
registration of delegates to the A. B.
A convention tomorrow afternoon in
stead of waiting until Monday. Many
of the delegates are in the city today
visiting at the various banks.
Florists have taken possession of
many of the bank offices. and are ex-
orting themselves to make the inte-
rior decorations artistic.
Flags will be largely used in dec
orations. The Treasury building will
be flooded with light every evening
until the end of convention week
Bank Deposits.
All banks in the United States and
island possessions and Alaska, other
than national banks. had total depos-
it's of $29,667, S85.000 at the close of
the fiscal year, June 80, 1920. This
was an increase for the year of 3d.
2S7, 226. 200. Total resources of all
banks under state supervision on the
date named were $29.667, SIS, 900. an
Increase of $2.S25.