The Washington herald., 1921-12-24
BANKERS BELIEVE
PHIOD'SDEPOSITS
WILL SHOW SLUMP
Some, However, Contend
Increased Trade Will
Offset Losses.
OTHER LOCAL NOTES
Additional Washington Banks
Declare Regular and
Extra Dividends.
OTHER LOCAL NOTES


Whf1s forceful arguments are ad-
vanced by both sides. the consensus
OF opinion among authoritative bank
ers In the District point to q fall
ing on In all classes Of bank de-
posits when the next report of con-
diton IL made. Apropos Of this It
may be stated these same bankers
believe Comptroller Crissinger win
not depart from the usual custom of
dating the call "as of the close of
business December 81" although ma
uonsl banks here have reasons to be-
hevs the call win be dated as Of
December Is.
Those contending deposits must
show decrease (savinss bank, trust
company and some national bank Of
hcials) point to the heavy drafts on
funds to provide for Christmas shop
ping. to the heavy withdrawals for
! Investment in bonds paying a rate
Of interest In excess of that obtain
liable at banks. to purchs ses OF Treas
ury certificates and to the reavy dis
oursements account of Christmas Saw
inss Gibbs In the latter case there
are many instances where hundreds
or thousands OF dollars have been
paid out with but very little rede-
posted at this early stage. The
greatly improved condition of the
pond market during the past several
months and at the present time,
is likewise a factor of great impor-
lance. offering high annual returns
and handsome yields.
On the other hand. the opinion is
prevalent here in some quarters, that
the cNceedingly large business being
conducted by local merchants will
bring into the banks more than
enough to offset payments as out
lined above.
Dividends Declared.
At a meeting OF the board of di-
rectors Of the Security Savings and
Commercial Bank the regular quar-
teriy dividend Of 3 per cent was de-
clared. and in addition. an extra divf-
dend OF 1 per cent, both payable on
december 81 to stockholders OF record
December 81.
This extra disbursement of 1 per
cent Is the second to be paid stock
holders of the institution during the
present year.
The board OF directors Of the Ma
tional Capital Bank have declared
their regular semi-annual dividend of
5 per cent and in addition an extra
LOT per cent on the capital stock
.oI the institution The directors have
also voted a bonus to employees equiv
alent to 10 per cent OF their yearly
'salary.
Directors Of the Columbia National
Bank have declared their regular
quarterly dividend of per cent in
addition to awarding employees s25
and s per cent OF their yearly SAL
airy.
Mellon Calls for Funds,
Secretary of the Treasury Mellon
yesterday called on all national banks
holding proceeds of the November 1
sale of Treasury certificates to pay
into their regional members by Tues
day next s37. 100000 of the funds out
standing to the credit OF the Treas
ury.
National banks will still have the
use OF approximately s37, 900. 900 of
this issue when Tuesdays disburse-
ment Is made.
Local Securities.
Business on the local exchange
keeps up well. despite the heavy IN
vestments that have been made in
the last thirty days. Potomac issues
sold at 97h for the Debenture IS and
|9sts to Ssh for the General Mort
gage SIS, while Railway As brought
[64I.
Railway preferred was firm at 81
There were no other sales OF public
utility shares.
A little Mergenthaler sold at 1881
and more Lanston at 70 to 71%
American Security and Trust shares
et 2231E.
War Finance Corporation.
From December 1, 1920. to N6vem-
| Der 80. 1921. the War Finance Corpo-
ration received from account of loans,
Cs3T 167 900: total receipts. sST, sos, sO7;
balance due from repositories Decem-
! Der I. 1920, s374.313.493; total. s4s2.-
80. 400. Total disbursements Decem-
Der 1, 1920. to November so. 1921, s64,-
I434.532. Balance due from the treas
urer OF the United States, 1897. 7s4, s6s.
Salaries and administrative ex-
lpenses included in disbursements ag-
fgregate s1ss.13s. Of which s15s.142
was paid in Washington.
The corporation loaned railroads in
the period covered by the report. s44,-
2s3,210: public utilities, s1s.7s3,e ~;
Industrial corporations. k7e4.0O0; cat
RtIe loans. ss5s,733; exports. s3s.s7O.-
B2s5; agricultural and live stock. s33.-
345.415, and used, for purchases Of
acceptances under the Edge law, 50,
hrs ssS