Evening star., 1922-06-30
BANK CLEAR|NGS
SHOWS A BIG GAIN
June $9,426,342 Over May.
Agree on Banking Bill.
Traction Active.
BY /. A. FLEMING.

Daily clearings continue to show
gains. indicating. partially. the bet
terment in business and partly the
high tax payments made during the
month of June.
There was an increase over May
elearings of S9.426.342. according to
Charles d. Bright. manager of the
clearing house. the total being $685.
S1s.s01. the largest of any month
during the current year.
Vacation months are here. and the
clearings for the next two months
may show reductions.
In Perfect Accord.
The committee appointed by Joshua
Evans. Jr, president OF the Dislrlct
Bankers Association, to discuss the
so-called banking bill" now before
the House, with trust company. state
bank. national bank and savings bank
representatives on the committee, met
yesterday with Charles J. Bell, chair
man, and Mr.. Evans ex-officio men,
ber.
general discussion followed and
the committee found itself in perfect
accord as to the recomme ndations
they would make to the council of ad-
ministration regarding action to be
taken on the proposed legislation.
Report will be made to the council
in the near future.
While no details could be obtained
the committee is understood to op-
pose any hardships on the smaller
savings institutions. within the time
limit the bill-that is, to insist on
100000 minimum capitalization
Full recommendations can not be
made public until after presentation
to the council.
Controllers Position.
The controller of the currency has
taken a definite position in the mat
ter of treatment of applications for
. the right to open new banks in the
District of Columbia
Pending action on the banking bill,
alr. Crissinger will Withhold permits
sion from any proposed bank hav-
Ing less than s2A0.000 capital.
Getting Ont OF Clearing House.
In Brooklyn .he banks and trust
} companies are withdrawing from the
New York Clearing House Associa-
ton, until now the city has not a
single representative IN the associa-
tion.
This action was taken because the
bankers objected to being bound by
the interest rates of the clearing
houses as recently promulgated
Capital Traction Active.
They made it full day on today's
session of the local stock exchange.
Then the doors closed and will not open
until next Wednesday. and many Of
the members started via automobile on
their threeday outings
Capital Traction stock was clearly the
leader. several hundred shares changing
hands at par and 997s. Numerous lots
of twenty-five shares, the quotation lot,
and smaller blocks. figured in the trans
actions. The stock was well taken at
the high price. yielding but II of a
point to offerings OF 275 shares.
Railway preferred was very firm at
IS and Washington Gas steady at SO.
In the bond section Washington Gas
.es were firm at 941a and Railway 4s
Yxteady at 70.
Nc other bond sales were made.
Personal Mention.
r. v. Fleming will spend the holidays
at Cape May, n. j.
E. ]. Steilwagen is resting at Bar
Harbor, Me.
Combined Reserve.
The combined reserve of the federal
reserve banks is It's per cent, which i.
not an Indication of tight money. Mem
Der bank deposits account reserves total
$1,s65.l99. the use of which the system
has without COST