Evening star., 1923-06-10

efLy OF the company, on New York
sasehue between 18th and 14th streets,
hnoWh as the Hall of the Ancients."
IN IN elgnt t-story, uD-to-date garage, to
site. 'o ''e|'ou oii 'he
Program Most Pleasing.
=, naa the program outlined by the
zee IN charge of arrangements
Tor the forthcoming conyentinn of
tI,e Dlstrict Bankers Association at
.ioI oprihgs next week will attract
nsin iocal financial men was the
yesterday. eAi'i'S
me matters to be discussed by the
seIecteo speakers, all Of whom are
well yersed in their subjects. are OF
and r.di IMP import to Washington bankers
airad ,u niuch interest is being displayed
already as to how the different
themes will be handled.
host gratifying reports were given
OUT Yesterday by Fernand petit,
.naIIHidh or the transportation COM
Inlttee. and according to applications
TOT registrations already submitted
| one or the most representative dele
| Edtlohs that ever attended a cnflveu-
trip.
Howard Moran. chairman of the
general committee. has called IL meet
ing of all committees for tomorrow
night at S:15 o'clock at o7O0 Connecti-
tsit avenue, when final details will be
discussed.
Southern's May Record.
southern railways earnings for the
70 aouxth week week of May were estimated
at S4.036.347. against S3.63O191 last
Year, an increase of S406,266. or II.19
per cent. This was somewhat
greater gain than had been antici-
pated, bringing estimated gross for
May U S12,804,901. against s10.s42,694
a -I, q
1910 r.er cent, making estimated gain
Tor first five months slf,1na,6S9, or
21.95 per cent
Nay net railway operating income
is now estimated at s2.3n0.00n Ienor-
ing preferred dividend. full wears re-
nuiremens on which was earned In
hrS quarter. the month shows about
] uer cent for common. The indicated
earnings on common TO end of MAY
after allowance for wears preferred
dividend. Se something over per
cent.
Reserve Ratio Declines.
The combined federal reserve ratio
with 76.I per cent week ago and
tI.6 nor cent year ago.
While ratio xlsed off forr-teutbs
If noint durirsg the week. actual
hankin% condition eained little
Increased about $1,000 G00. Member
ha ks built rc thoyr reserve account
with federal reserve banks This
had the .Eect Of depressing ratio
elightlT Three federal reserve banks
show 2 lower ratio than previo1rs
week-New York. Chicago and st.
louis All others Show Improvement
Dallas ratio Increased from Al ner
cent to 50 oer cent. Kansas Citv
advanced from 49.6 reT cent TO 90
nor cent These two banks still have
lowest
York. which has stood first. dronned
hack to third 0lace. Chicago with
% per cent is. first ard Boston with
Sic ner cent is second.
Total loans Stard ~ $T24 Q20. 900
This comnares with $50. 900 last
week and s42G.254 0d0 a year ago
Slight increase IN loans indicates
thu member banks We're able to
build IN their reserves in large
m"a sure out nf their own resources
Total denosits amount TO s1.q7e.-
6'a.00h. which compared with ST.
o5f.5Sf. 600 a week ago and SIS96.-
900 600 A year ago
Federal reserve notes in circula ton
omount to S2.25n2J2 600 This is n
decrease of only $4,000 compared with
the previous week. IT represents an
increase of s109.ooo.OOO compared
with n year ago.
World Cotton Figures.
World spinners' takinEs Of Ameri-
can cotton for this week are I55. 600
bales. AGAINST 14f 900 last week and
10000 last year.
This makes their total takines from
August to date 11.310.000 bales.
against 1i.e92,6oo the same time last
year.
This includes exports, of 4.4Sn onn
bales. against 5.3S3 600 last year. and
domestic spipners' takings Of 643S-
600 bales. against 5.705.0o last year
T1-7T