Evening star., 1924-03-31
BANK CLEAR|NCS +
: IN D. c. SHOW LOSS
Decrease in March, Com
pared With Corresponding
Month 1923.

CIearinss of Washington banking H..
stitutions for the month ending tods
show loss, as compared with the CORE
spending month Of last year, for tIr
first time since January, 1921. The tofal
of checks passing through the local as
sociation during March amounted t.
%s2,0S5,755, or a decline of Sight,
more than half Il million over the $50
552,626 reported for March, 1929. Az
appreciable increase, however. is shown
as compared with the same month two
years ago, when the checked-out tot,
equaled sS2,o15,621, also over Febr1Iary
last, when clearings amounted 10 SIS
455.424.
The falling of in these figures is no
alarming, and does not necessarily meaI
changed business conditions locally. Foi
instance, single large transaction q
real estate deal, perhapS) would readiI1
account for fiuctuation of the siZs
shown IN this months comparison. Tho
Iact tnat income tax payments this year
provided for large exemption is only 4
minor and secondary consideration H.
arriving at conclusion
Bank Class to Hold Reviews.
The elementary class of the Wasl
lhgton Chapter, American institute
of Banking, will hold it's final review,
on April / and s. followed by thu
examination on April %. The sched
ule as announced at the becinnin.
of the year has been slightly disar
ranged. and April 10 will be an open
date. Edward J. McQuade, vice pres
ldent of the Liberty National. vii
conduct the first review tomorroy
night.
As means of raising money ~
entertain visiting delegates 10 IN.
national convention in Baltimore thfa
year, the local body has arranged
TO have the Security Club Of III,
american Security and Trust Con
pam pam repeat its successful pla,
viii be in Carroll Hall on April ..
with Joseph D. Yerkes of the Fed
erai-AmeHcan in charge of arrange
ments.
Bank Dividend DisbursaI,
The Columbia National Bank VII.
tomorrow, disburse $500 to stoct
holoers, the money representing the
regular quarterly dividend Of 2 ne-
cent, payable to holders of record n
day. -
James a. Messer. president of this
institution, has returned TO his du-
ties after 4 sick leave Of several
weeks. HIS place on the list OF in
capacltated District bankers is taken
by Albert S. Galley, vice president
of the Lincoln. who is confined with
carbuncle.
Depositary figures.
On March "A the Treasury had demos
its in depositary institutions asgregat
ing 1921. 467. 900. The cash balance
on the same date totaIed S375266,97s
As this balance is appreciably abov,s
ordinary needs, it seems nrpbahI,
! that a part of it will be used TO re
duce the public debt. During the
present fiscal year the debt, which
is slightly more than S21 900. 0o0, ,OoC
has already been pared $429.214.55O.
For the corresponding period of las
year the reduction totaled S26S,111,-
100.
Present indications are that the
! Treasury surplus for the current fs
cal year will be substantially above
Treasury estimates. Ordinary receipt
up to March "a exceed ordinary ex
penditures by S727,061,092, against
s495, ,074.794 for the corresponding
period of last year.
Easing on in Capitol Traction
An easing off to sSs4 on the part o.
stock of the Capital Traction Com
pany was the only feature to trade
on the Washington Stock Exchange
this morning. Fifteen shares changed
hands at this figure. Bonds of the
company, were unchanged at 81.
Trading. in the main, was restricted
to local utilities at unchanged prices