Evening star., 1920-03-15
BANKS SHOW GAINS
IN THEIR DEPOSITS
fVilI Select Location for Dis.
trict Bankers Con-
Venti0n.
by 7. A. FLEMING.

During the interval between Decem-
Der 81. 1919. and February 2S. 1920
dates of the two latest calls by the
of Washington gained a matter OF
s271.Sl7 in their deposits. The trust
companies lost S367.255.37. probably
due largely to income tax payments
while the savings banks gained 1890,
I2O and the national banks showed q
gain of s14S.959.
The total deposits February Is,
were S17o.S63, ,12O.61. There were a
,,umber of important changes in de-
Dosits of banks that were reflected
betvecn banks although not showing
in the totals probably due to special
asauscs-
February IS showing IS soS.aS4 saeat
,r. while as compared with March D.
1918. the deposits show an increase OF
S25.7>9.
To Select Convention site.
4 special meeting of the District
Jankors' Association has been called
for ( O'Clock next "Wednesday after
noon at the stock exchange rooms,
when ~ selection will be made of the
place for holding the annual "onven-
7ion of the organization. Two toca-
lions are uEuCT tOHSltet dltoh' i'"''''
Vista Md. and White Sulphur
Springs, Va, and third proposition
10 hold the two days sessions on a
Norfolk and Washington steamboat
Company steamer to be ch'-tered LOT
an excursion will also be considered.
The latter plan would assure ex-
elusive attention to the business OF
1hc convention.
Bankers unable to be present at
the meeting are requested to COM
rlunicate their preference OF location
10 Joshua Evans. jr., cashier of the
Riggs National Bank. chairman OF the
committee.
Important Convention.
The Chamber of Commerce OF the
United States announces that It's
next convention to be held at At
lantic City, April 27-29, will be an
."ncre ascd production convention.
this being decided upon in order 10
.mphasiZc the necessity for increased
production in the United States no less
than in other parts of the worid.
Announcing the intent as to the
chief purpose of the convention. the
chamber says that even with the
threatened curtailing of exports 10
Europe. manufacturers believe that 1T
will be "A long time before productlon
in the United States catches up with
the demand for goods Antitrust
legislation and taxation are two i'm
portant subjects to be considered. the
latter with especial regard to the re-
duction or elimination of excess
profits taxes. The matter of interna-
1ional finances will be given consider
able time and thought. Representa-
tives of labor and capital will discuss
the Relation of Labor to Production"
Personal Mention.
Frank W. Stone. vice president of
the National Savings and Trust Com
rany, returned to the trust company
Saturday after a ten days absence. dur
ing which he was quite ill. He hopes to
remain at his desk during the i'm
mediate future.
John Poole. president of the Federal
National Bank. left on Friday evening
for Atlanta. Ca, to attend a meeting
of the directors of the National Ro-
tartan Organization.
On the Stock Exchange.
Today's session of the local stock
exchange was characterized by ex-
treme dullness, no sales OF stock being
reported. Metropolitan Railway 5s at
81 furnished the only sale Of the ses-
sion.
Capital Traction was offered at 81.
with Sc bid eX-dividend; Railway
common Is bid and II asked while the
preferred was quoted at 81 y bid and
522 asked.
Typesetters steady. with Lanston
held at So and SIN bid