Evening star. [volume] (Washington, D.C.) 1854-1972, 1921-05-02
LOCAL BANKS WILL
! SHOW GOOD GAINS
Controller Calls for State
ment of Condition April %.
Increase in Savings.
BY 1. A. FLEMING.

Controller Crissenger this morning
notified the national banks of the
country and all banks in Washington
that a statement Of condition as at
the close Of business April % was de-
sired. Tho forms for the call have
been in the hands of local bankers
over one week.
Between the call Of February 81 and
April % there have been numerous
financial movements of Importance.
the first installment of the income
and excess profits taxes for the year,
1920, made March Is. There have
eeen numerous Withdrawals OF
moneys On account of the March Is
issue of Treasury certificates and
more shifting Of deposits incident to
the April Is certificate sale, although
this money still remains in banks as
a government deposit. intact.
Despite the heavy Withdrawals for
income taxes, etc, it is practically
certain that the total deposits OF
a very handsome increase between
the dates named.
Some Of the trust companies and
national banks will show small
losses. but these will be wiped out
in the big gains Of other institu-
tions.
Between calls the new admins
tration has succeeded it's predecessor,
with the shifting of some monies in
cident thereto, but with a net gain
as the probable result.
The Riggs National Bank Will take
its place as the leader. based on
the amount of deposits, it's increase
of practically S1.500,000 making up
for most of the early losses indi-
Gated.
show small losses. but others report
The American. District and Com
mercial National, National Savings
and Union Trust, with the Merchants
and Citizens Savings, have added
largely to their totals.
If the uptown ratio of increase is
maintained throughout the city the
total deposits will not be far from the
hi record mark fthe local insti-
tu(Ions.
The thrift Of the people as exempli-
fed by the showing of the federal
reserve bank of Richmond in $4,000
600 savings in district has been main
tanned at an increased pace during the
last sixty days.
emit all needed queries for a report of
conditions of banks. but are much less
cumbersome through the elimination
of twenty-eight questions than for
mer forms.
Wall Street Notes.
A cut OF 20 per cent is effective in
Marmon cars today.
Ninety per cent Of the oil produc.
ton Of the United States in 1920
came from west of the Mississippi
and 10 per cent from east of the
river. In 1900 conditions were just
the reverse.
The Interstate Commerce Commits.
sion has certified to the Treasury
and Western and 100000 to tho
Western Maryland.
The cunard Steamship Company
earned fl.1slS2o in 1920. S
The American Chamber Of Com.
a combination formed to establish
trade relations between Turkey and
the Emitted States. Constantinople is
said to be slated to become the "chi-
thTss moa,ss aei Rs0ssi aaa :n' hf''
Trading. on today's session Of the
local market. was exceedingly light.
Activity and strength on Wall Btreet
may have withdrawn some attention
frS saI. ss MADE ,Sse s ssssss p..ceai, Com.
mon. los and 1851 for CONTINENTAL
Trust Company and i2oh for Mer-
Opening Of the proposed call money
market was postponed for one week
in order to give George o. Watson,
chairman of, the committee, an OPP
portunity to attend the executive
council meeting of the A. B. A.. Asso-
citation at Pinehurst.
Personal Mention.
John L. Edwards 4 Co., occupied
their own building on H street mid
way on the south side of the street
between 18th and 18th streets. They
now have one o fthe finest offices in
the city and are close associates of
Lindley & Co.. and Thomson & Nc
Kinnon.