Evening star., 1928-03-11
DC. BANK DEPOSITS.
SMASH RECORDS
February Call Shows City's
Institutions in Best Con.
dition in History.
By EDWARD c. STONE.

bank deposits. this fact being brought
out by the controller of the currency
call as of February IS, 1928. the COM
plete tsbulated figures appearing else
where in today's issue Of The Star.
The previous high mark was hung up
as the result of the call on June 80.
1927. when total deposits in the local
Institutions amounted to $2SS.s49. 81
During the past eight months tney
have risen to the new peak Of $780,
Sl5.0o424, making the substantial gain
for the period of $l.365, ,l0927.
While local deposits are we'll toward
SIS0o.ooo higher than they have ever
been in the history Of the National
Capital. they are also $l0.S54.39 so
higher than they we're on December 81,
1927. the date of the last previous call.
Deposits at that time were S2i7.760,-
SOFIA
All Groups Score Increases.
Comparison of the February IS call
figures With those on the last day of
1927 reveals that all three groups-na-
ttonal banks. savings banks and trust
companies-made substantial gains.
Ten OF Wsshingtor\s national banks
recorded a total gain in deposits of
s7.oS6, 70922 over the December 81 re-
turns. The largest increase was re-
ported by Riggs National. which had a
gain OF S2.26l.il7.2o. Next came the
$500 more money on deposit, while
third place was taken by the District
National. which had an increase OF
SlI53.ie4sl.
In the savings bank group these
banks as a whole lifted their deposits
By the sum of Sl.2S9. .400.52, the ma
ioritv Of savings institutions showing
excellent gains, The savings bank list
mas headed bv the Mount Vernon. with
a gain Of s5l7.s96.l2. followed by the
Bank OF Commerce &; Savings. with an
advance Of sl6S.74l.l4, while third
place in this group was captured by the
McLaclllen Banking Corporation. with
a gain of Sl35. 5.62o.64 since the last call.
Trust Company Comparisons.
Trust company figures compared
with the December 81 call reveal a
larger gain than that recorded by the
savings hank group. This group added
s2,1Ts.cs6.T6 to its aggregate deposits.
The compilation shows that the Amer
lean Security & Trust made a gain
Of sl07T ,s9o99. that the National
Savings & Trust Co. passed the $780,
900 mark N larger deposits. while the
Merchants Bank & Trust Co. stood
third in the list with a gain OF
s2Ts,7cc375
Local bank officials express satisfac-
tior over the time CT the call II found
the banks in their best position previ-
Gus To the March IS withdrawals for
both District an6 national taxes Those
withdrawals are ALWAYS very heavy and
n call now would tell quite a different
story.
Bank presidents already are specu-
la;ing as 10 how they will be able 10
retain their gains on the call which
Is likely 10 come around the last OF
June.
Local Issues End Week Firm.
The week end session found securities
OF the Washington Stock Exchange
strong Thirty shares Of Capital Trac-
ton sold al Iiiis 10 at 1liss and
81 at Ii1I4. Washington Railway q
Electric preferred on sales totaling 100
shares closed the week at i04. the
ysar.s high made a few days ago.
Mc-gerthaleg Linotype. now selling
ex dividend came out at l037s and
closed at ie33s Sixty shares Of CO.
Enbia Sand e. Gravel moved at los.
Washington Gas registered 80 and Po-
ton7ac Electric Power sl2 per cent pre-
fe--ed changed hands at l074. Ma
NEJs@dA zs11A bhGEE O. AhHNStAANaS PA~
ferred sold at S5s and 5iz.
In the bond division there was a
$1,000 turnover in Potomac Electric
Power SIS AT I05ls. the frst trans
action In this strong issue In a long
time. The only other bond sale was q
Washington Gas A $500 bond at l06i4.
The unlisted issues were called. as
usual. The bid on Chapin-Sacks Q
per cent preferred Was raised from i02
10 los. with an asked price OF I07.
The bid on District Title Insurance
went from 40 10 IS and the asked price
on Miller Train Control from 8 70 e..
There vas a i0-point advance 70 10
II the bid on Park Savings Bank. and
the bid on Mun6sy Trust was reduced
10 iz5. The approach Of the base
ball seascn caused a higher bid on
Washington Base Ball stock from Is
70 So. with 20 asked.
Consulting Bankers Worth While.
Consult Your Banker is pretty
old slogan, but everg little while the
advantage Of 40 doing crops oui, About
Two years ego q man asked veteran
local banker what he could do with
$500 Il; the way of making an invest
f3ent He WAS advised 70 buy 10 shares
of American Telephone IL Telegraph
s1E &A& k{fSg4 As2}gIR al 4<c I'D
the total cost was 81 2S0.
Ee put IN his $500. borrowing the
other $3.50 from the bank paying 6
per cent or $3.50 q year for the us. Of
=. His STOCK vas paying 80 q year 40
s7e got so from that. After paving In"
fs2s9 for Inc loan. he had S3i 20 In
DIVIDENDS ~ the END Of the year, or
better than 10 per cent on his original
$500 Investment
And that's not al The story. He still
has his 80 shares Of stock which has
Eone from Sl23 20 $iS0 a share, a gain
q 50 points Or $500 On the 10 shares
IL he bid now t!1e man would almost
trs1ble his money on The investment IN
ADDITION 10 The interest he has been
receiving
What Every Teller Should Know.
E2g many local bank ,ellers can
tn>%ef 'gese questions Is they apply 10
m ?:7Sjful!of3s III which they work.
49, """' are Liberty Bonds selling at
Z. Where czn f.no 4 notary puniic?
5 WI}@t investments eoes your bank
c0ff il4st Day more interest than your
as~ae ~e0sseitk4
Wbpfn sh9Dic a1e about iosn
5. Wn@ff esn find 3 Dun or Brad l.
E.r@e. f2tiag lygok?
VheFe zen pairehess revenue
s;anps5
Z Wat is tno cest Of nsytler's
s31actf1
y Defa thus 'oupon require an own.
fYsiiir regttreate2
. VIVA is the rental cost of yo,it
Eate depos;t b9zes7
~ How nsnv days viii IL take u.