Evening star. [volume] (Washington, D.C.) 1854-1972, 1921-01-05
DEPOSITS DECREASE
BUT ARE RECLAIMED
by 1. A. FLEMING.

by I. A. FLEMING.
John Shelton Williams. controller o
the currency, has called upon the sna
tional banks OF the nation and al
banks in Washington to report con
dition as at the close of business De-
cember 90.
For several years in succession hi
has named December II As the date o.
the last and sixth call of the year. anc
bankers expected a continuation Of
ed-that is, 50 far as the junior officials
were conservatives admitted, as rec
ords of that date are generally com
pleted in closing the books for the
year.
The controller. in the forms for the
report. which reached the local insti.
tutions only this morning, has omitted
quite a number of queries that were
incorporated in the report OF Novem-
This. however. has been made up by
the insertion of two queries
The first asks for information as to
the shareholders of the banks. male
and female, resident and nonresident,
and a full report of the character
of the collateral securing the loans
of the banks"
Deposits Probably Decrease.
From score Of bank reports as to
deposits on the 29th ultimo, as COM
pared with those of November is, the
opinion is formed that the final COM
pilation in the aggregate will show
material reduction in deposits.
Between the dates of the two latest
calls there was heavy amount of
financing in the governments inter-
est. many certificates issued and ma
tured. the fourth installment Of in.
come taxes paid. etc.
With3rawals of Christmas savings
deposits also hit some of the fnstitu-
tions hard. while the Christmas with
drawals from savings and other de.
posts were large.
Between the 2sth ultimo and date
the banks that lost the heaviest have
fully recovered their losses. The cred
its on interest accounts to depositors
have been one OF the big sources of
increase, while the redeposit Of Janu-
airy ] distribution of dividend and
interest payment has been . great
factor. Unquestionably report
based on today's deposits would show
handsome gain over those Of Mo-
vember Is. For this reason the pub
is postponed until the summary 10
completed.
Pressing N to Inventeries.
Forms for their income tax returns
nave been mailed to all corporations.
firms and business institutions. They
DO not show much change from the
forms used in 1890 for the 1919 re-
certificate Of inventory"
This certificate cites that the re-
turn covers the calendar year, or the
fiscal year, as may be, and provides
that all oficiais or employees who take
shall. under oath. declare their po-
sition. name and part of inventory
taken and the actual value Of the
amount 80 computed. Cost or market
value must be used. whichever is
p lower. If any other basis of taking
inventory is used it will be neces-
sary to describe fully, state why
used and date on which last Inventory
was reconciled with stock"
An additional oath. on a subsidiary
! certificate" IL needed to complete this
certificate.
Calls fer s72.oeeyses.
The Secretary Of the Treasury made
the NTH call on the proceeds Of the
$506,0o0,000 Treasury certificates sold
December Is remaining with the ma
tionaf banks. making the sales or pur-
chases Of the certificates.
The call was for 50 y per cent Of the
balance to the credit Of the fund, or for
about $72.o00,000. This brings the
balance on deposit with banks from the
sale Of certificates down to $4,000. 900
and presages an early issue Of more
During the calsndar rear 1890 the
National Savings and Trust Company
paid out in interest TO its depositors
the large sum Of $1ss.ee0. r.-
Personal Mestisn.
Joshua Evans, jr.. vice president of
the Riggs National Bank, and n. D.
Rosenberg. president of the Bank of
Commerce and Savings, are in New
~ ORR IS. c M also =: prury. president
Columbia Graphophone common sold
on the local market At to 81. Action
In New York was attended with q new
low at =. with q recovery to So.
TINS break was expected. and may be
looked for four times q year IL the
company continues its policy Of issuing
common stock ~ q dividend
People who are sitting tight on their
holdings OF the stock. hoping TOR re-
eovery. don't show the slightest hest.
fractional shares "at the market"
some of the most prominent share.
holders refusing TO add thereto.
BUSINESS n other shares vas light
Traction share. = little higher ana
AerEenth1ler steady 1t 1aO
Parker. Watts & Co. Of Baltimore.
investment bankers, ANNOUNCES the
.ossnins Of branch once % Washing
Edwin d. Father. well known In
office.
lsternafisnal Finance CePpsratisn.
At the international Finance Corpora.
ton annual stockholders' meeting held
at its o6ices in Alexandra. Va, L.
Whiting Estes was added to the board
OF directors, The new board a. elected
eomprises the following: J. A. n. Adair,
w. l. Bachelor. w. 8. Carter. Charies
A. Douglas. w. Bernard Duke, L. whit.
ing Estes. Arthur c. Lampe, Fred W.
Mackenzie. Charles n. Pepper. hen L.
prinee. Edward L. Stock, walter r.
Tuckerman and John r. Waller.
The presidents report to the stock.
sboiders today shows that since its be.
ginning. June II. 1920 the total volume
OF business taken on by the CORPORA f;on
up to December 81 was 81, mo. Iis a..
COLLECTIONS against this were SS33. DAG Al
and the outstanding volume OF busine.s
date, was $3.50. 7sl.eI. S"'~