Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-30

many other places.
Local Bank Record Pleasing.
Local bankers today expressed much
satisfaction over the early reports on
bank deposits following the call issued
BY Controller Pole yesterday asking for
9 condition statement as of Septem-
Der "a.
The gain reported by the banks as a
whole viii be well over $500 900, which
Is considered excellent under business
conditions here and elsewhere. The
gain Is substantial and reveals an Inn
portant upward trend in local banking
conditions.
The cali as of September "a came as
o complete surprise. The blanks were re-
ceived from the Treasury only yester-
day morning and 1t almost never hap
pens that the call comes on the same
day with the arrival Of the blanks. The
anticipated date had been the very
last of September or early in October.
The Star will publish the complete
official figures covering every bank in
Washington as soon as the statement
can be compiled. The early figures
indicate that the savings banks have
had an extra good period since the call
three months ago and deposits have
also been unusually heavy in the saw
ings departments of the national banks
and trust companies.
The call of June 80, 1890, showed a
gain. Of over 100000 over the call of
March 81, 1890, so that the local hanks
have made an excellent showing during
the past six months. There is almost
always an increase in deposits during
every depression, as people and corpora
tions check up on their finances and
become more thrifty and cautious.
Reserve Board Loans Up.
The Federal Reserve Boards condi-
ton statement CT weekly reporting
member banks in leading cities on Sep
TENDER "a shows increases for the week
OF $40 900 900 in loans and investments,
$50, 600, 900 in time deposits and $5,000,-
600 in borrows from Federal Reserve
banks, and a decrease Of $76,0O0,0O0 In
net demand deposits.
Loans on securities, which at all re-
porting banks were $57, DOC, 900 above
the previous weeks total, increased
$50 900 900 in the New York district,
SO 100000 In the San Francisco dis
trict and $1,000, 900 in the Chicago dis
trict and declined $4,000, 900 in the st.
Louis district.
"All other loans declined $4,000, 900
IA the New York district, 100000 in
the Philadelphia district, s6,000,000 in
the Cleveland district and $24 900 900 at
all reporting banks. and increased
s6, 900 900 in the Dallas district.
September trading on the Washing
ton Stock Exchange today wound up
with q good deal Of activity. Washing
ton Railway e. Electric preferred fig-
ured in five l0-share sales and others
all at 90. Two bank stocks came out,
10 shares of Liberty National selling
at 200 and 10 Washington Loan 81 Trust
&C ATS.
Potomac Electric Power per cent
preferred changed hands at Ill and
the 512 per cent issue moved at l08.
Federal-American Co. common sold at
50l2 and Mergenthaler Linotype changed
hands at IS.
Washington Gas Light stock came to
the front during the session. 1t opened
at 121, dropped to 1904 and closed at
122. The largest sale was a 40-share
block and the days turnover was go
shares.
Bonds were neglected. Nearly every
bank stock in the city is now being
quoted ex-dividend on the board.
Heard in Financial District.
President Victor B. Deyber is receiv-
ing hearty congratulations on his re-
turn to the financial district after slif-
8orin9 for more than q month with
some kind of an infection in his left
the time each day.
j. William Harrington Of w B. Hibbs
& Co. is recovering from an illness
which has kept him at his home for
the past 10 days. Mr.. Harrington Is
one of the city'S best known brokers,
and before joirhng the Hibbs staff was
manager Of the broker ONCE Of John
J.. Edwards g. Co.
Thomas J. Groom. vice president and
cashier of the Bank of Commerce 81
Savings. is reported to be gaining slowly
at the Georgetown Hospital following
the automobile accident in which he
figured about month ago.
H. L. Offutt. jr., cashier Of the Dis
trict National Bank, has returned to his
desk after weeks vacation passed in
the Valley of Virginia
Seaboard Air Line August net oper-
ating income, 1851 ,0o4, against $7S3 ,s23
In August. 1929: for eight months,
$4,119,206. against 1892. 452.
Louisville & Nashville August net op-
Grating income, 81 ,002, 036, against
$2,055,915 in August, 1929; for eight
months, $7.572,7s3, against $l2,352, 45S