Evening star. [volume] (Washington, D.C.) 1854-1972, 1921-01-07
DECREASE IS SHOWN
/ IN LOCAL DEPOSITS
From November IS to De-
cember 20 Loss Was
$3,333,972.
BY 1, A. FLEMING.


banks Of this city. in response to thu
call Of the controller Of the currenc.
for statement as of December 20, 1870
shows total deposits of 1852, 743. 1894. o.
a net loss as compared with the figures
of November Is of $3,333,912.
This showing was expected, in view
of the withdrawal of very heavy Christ
mas savings funds. the natural increase
in holiday expenses and the very large
movement of money incident to the pay.
mentS Of December Is, when SOU, 00o oo'
of Treasury certificates were sold, WheI
a large amount was paid in on account
of income taxes and other large hsca
operations in the interest of the govern
ment carried to conclusion. -.
The national banks with SS4.S03.09i
deposits lost s69o.S77; the savings banks
with $23, 49S, go lost s91O.45S, while the
trust companies with $a4,442.6H los'
$1.732. 634.
The compilation was made by Audley
Savage of the National Savings and
Trust Company.
Comparison made with the deposits
of December 81. 1919. show that de-
posits have decreased in the interim
by S. 247.309. which loss is nearly
equally divided between the national
banks and the trust companies as the
savings banks actually made a gam
in the comparison of $3.50, 40.
Investments by Individual depositors
in Treasury certificates may account
for a large part of the years loss
in deposits and other investments for
the balance.
Wade H Cooper. president of the
Union and United States Savings
banks. is in New York city. called
there by the destruction of his pub
fishing house. 40 West goth street.
Mr.. Cooper reports that the build
ing was fully insured, and that all
booke and accounts were saved.
RAfv tn
The statement of condition ISSUED
by the Guaranty Trust Company o.
New York, as of December 81 last
shows that during the year 1920 the
companys profits were S12,355.950.50
This amount. added to a credit balance
TO miscellaneous credits of $155,624. AZ
during the year. brings the tota
credits in the undivided profits ac'
count up to S1S.751. 464.73. The de.
auctions from this amount were So
100000. to cover the 20 per cent divi-
dend paid during the year, and ST..
676.392.36. which was appropriated fol
distribution to officers and employees
under the company's additional com
pensation plan. With these deductions
totaling s6,676;3s2 ss. the companys
hnal credit balance in undivided
profits account is s12,075,072.37. The
statement also shows an increase OF
some $4,000 900 in deposits since No
vomber Is, the date of the last pre-
vious statement. Total resources now
stand at s923,663,S3s,12.
columbia GrnphophOne.
At 1890 this afternoon Columbia
Graphophone sold at 121s. Just why
this sudden rise. starting yesterday.
no one seems to know. The transfer
of former President Written to the
head of the board of directors and
the election of a new president is
not reason enough for an advance of
hearty points in forty-eight hours.
after hanging around 50 share for
weeks.
1t may be that the business of the
company is better than expected.
thought other photograph companies
have not found it So but the stock
sold freely all morning between 10k
and 12h. and went in big lots-1.000
shares at a sale. More than $4,000
real display of strength for weeks.
of keen satisfaction to scores of
Washingtonians who are loaded with
this stock at prices very much above
anything that is likely to be reached
on this bulge. There also is consid-
cradle preferred stock held here at
prices around 80 to 95. and an ad-
vance here would also be welcomed.
local Market.
Todays market was slow and un-
attractive. A few shares of Wash
ington Gas at 3SK, an odd lot at 1874
and a small number of Federal Ma
tional Bank shares at 1861 completed
the stock record. Washington Gas
So sold at 73.