Evening star., 1923-12-17
BANKS GET BLANKS
FOR FINAL RER)RFS
Returns to Show Increase1in
Funds-Trading on Ex!p9
change-Notes. 1o''

Blanks for reporting the concluding
statement Of condition of banks for
the present calendar year were re-
ceived by local institutions this morn
ing. the form does not differ from,
the preceding one. and contains ~
| usual nine schedules. In an accom-
paying letter, however, Comptroller
Dawes suggests that records for r.
porting information asked for in the
report of June 80. 1929, be maintained
as this information will be requested
! in subsequent call
Washington bankers, generally. arr
agreed that an increase Will be shown
for the pending call, which will IN
doubtedly be dated as of the end OF
the present year. While large sums
OF course, have been exDended in
meeting the requirements of Yule-
tide, 1t is expected that these sums
IN their entirety, will find their way
back into the banks in sufficient time
to be shown in the banks reports
/ Secretary Mellon has made no heavy
| drafts on banking institutions ac-
count OF Treasury deposits arising
from the sale of government paper
while amounts disbursed in payment
Of income taxes will be more than
| offset by merchants deposits of ex-
| ira moneys, primarily Christmas
bonuses, expended during the month
| 1t is expected the call will be issued
/ some time during the first week OF
| the new year.
Fifth District Fares Well.
| Secretary Mellon today announced
/ that the total amount of subscrip-
tionS received for the two issues Of
| Treasury certificates of Indebtedness
! was s765, ,505,500. The total amount
Of subscriptions allotted was $349.
| 277,500, of which s1O9, 1S0,5 500 repre-
sent allotments on subscri ptions for
| which Treasury certificates maturing
December Is were rendered in pay
ment OF this last amount $4,000 900
were exchanged for Treasury ac-
count.
All exchange subscriptions were al
lotted in full while allotments or
other subscriptions were made on a
graduated scale on the basis already
announced.
The fifth federal reserve district
Jared well in the distribution, receiv-
ing approximately 81 per cent of their
subscriptions. Subscriptions for this
district, which includes Washington.
amounted to $17,417,500,. while allot-
ments amounted to SS,SS1S00. The
local distribution was classified a
follows: S3.142,o0 of the six month
As. s5,7395 500 of the one-year 4As ann
$4,000 of exchanges.
Tel. and Tel. at High for Year.
Selling at 12SA Friday last, Amer
i lean Telephone and Telegraph Com
pany stock registered the high of thS
| year. This compares with 119A low
| for 1923. 1t is the highest price since
| the low of 1920, which was 921s
| There was a goo& volume of buying.
partly as a result of sear-end switching
| in securities, ANTICIPATION of January
| interest ~ --11tnd cash, and also IN
| view of the fact that s2.25 a shar"
! comes off the price of the stock next
week when 1t sells eX-dividend.
/ This advance attracted attention. Tor
! il enjoys such stabilized market that
| it's variations are very small and uSuai'|
| ignore the rest Of the market. For II
! stance. throughout the decline in thc
! market during the summer, the st"ch
! fuctuated within three points. Further
more. il is pointed out that out OF OUT
standing stock of $3.50, 0,0o0,000 there Is
but 8 - per cent in brokers' hands, and
| most of this is probably held as invest
ment for clients.
There are no immediate plans to
issue any additional stock. This
matter is not likely to come under
consideration before the summer OF
1924 at the earliest.
Local Exchange Trading.
! Washington Railway and Electric
| per cent bonds monopolizeed todays
| session on the local stock exchange.
| lots of this issue featured. $1,000
! changing hands at 69%4 TO 1QB. the
| trend being upward. Capital Irac-
! tion SIS brought 941s.
! The stock list was neglected, three
| shares of Traction at 95 Il and ten
shares of Merchants Bank at 12S =
| representing the only sales.