Evening star., 1923-09-18
GAIN IN DEPOSITS
BY LOCAL BANKS
Latest Treasury Call Reveals
Surprisingly Satisfactory
Conditions Here.

Preliminary reports received from
accessible representative Washington
banks today indicate that local in
stitutions will report a gain in de
posits for the current call for state
business September II. The call was
received this morning.
The favorable showing OF the Sc
lected institutions came as distinct
surprise to many who have been fore
casting a huge drop in deposits.
Factors contributing 10 the in
creased deposits shown include the
fact that the investment market To-
cally, for the past several months
has been most inactive. Besides, the
government has seen fit to leave vast
sums arising from the sale OF Treas
ury paper on deposit with Washing
ton banks, the calls for these moneys
too, it will be noticed that the cal
coming on the fourteenth OF the
month will not include entire pa!
ment of the third installment of il
come taxes
Riggs National Bank will be the lead
er, with a gain of approximately s2,%oo.-
600 over the previous call. The Ma
tional Metropolitan gained S646,T50. and
Tie w dsHliSL LOAN anu VIII
pany increased by $590.62G. The Sec
oud National is reporting an increase
OF S403, ,551.30, and the Columbia a gain
| of s205,161. The National Savings and
Trust Company enjoyed gain OF sell
1879, and the Merchants Bank and Trust
Company gained s306,357. Gains were
also shown by the Farmers and
Mechanics National, $72,s09. and the
Northwest Savings. S20.535.
Losses aggregating about Sl.20o.0eo
were reported by the American Security
i and Trust COMPANY, the Federal Amer
| lean National. the Liberty and the Dis
trict National
Party to Attend CoBventioa.
Howard Moran, secretary of the Dis
! trict Bankers Association. reports trat-
so far as he is able to ascertain, q
party Of thirty-flve will comprise the
local delegation TO the convention OF the
American Bankers Association, to b.
"A to 81.
The list follows: From the Amer
| ican Security and Trust Company,
! Charles J. Bell and Z. +. Saul; Ana
costa Bank. Mr.. and Mrs. Maurice
Otterback: Bank of Commerce and
Savings, NJ. D. Rosenberg. John NJ.
Riordon and c. f. Riordon; Continen-
J tai Trust Company. Wade II. Cooper,
/ G. ". Warden and Miss Mary J. VIM
free; District National Robert y.
ltGTIIeIs anu heCDdIICs ~
/! tional Bank, Harry V. Haynes; Fed
eTal American National. John Poole
and Charles Z. Lyddaue: Franklin Ma
! tional, John Z. Cochran and Thomas
| p. Hickman: International, John j.
Waller; Liberty National, George o
Watson: Lincoln National. Floyd l..
Davis and Albert S. Galley; National
Metropolitan, George w. White and
C. +. Jacobsen: Northwest Savings.
Francis M. Savage, Gregg c. Burns
and Dion S. Birney; Riggs National.
! Joshua Evans. jr., and George Q.
Vass; Second National, Mr.. and Mrs.
; Victor Il. Deyber; Security Savings
: and Commercial Bank. Mr.. and Mrs,
! julius /. Peyser and Jerome Fried
{ lander; Washington Loan and Trust
Company. John E. Larner and Will
| liam II. Baden: Washington Mechan-
les Savings. Ezra Gould.
stock Exchange Trading.
Prices held firm. with increases on
the part Of Mergenthaler and Riggs
Bank rights, on the Washington
Stock Exchane today. The former
sold to the extent of five shares at
so, and the latter sold upward to
i94i4, a total of twenty-three certiti-
Gates changing hands.
/ Washington Gas stock was slightly
stronger at 4S7s. and LanSton was
strong, but unchanged at "a. Ten
shares of Washington Market stock
| sold at 43.
+, Trading in bonds was restricted to
. favorite utilities. Railway General IS
sold at 99%. the is of the comapny
! at 72, and Washington Gas 6s of 1888
! brought l0oA and 101.