Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-13
D. c. BANK DEPOSITS
MAY REVEAL GAIN
Good Showing Expected on
Next Call by Con-
troHer Pole. y
BY EDWARD c. STONE.


bank deposits in the National Capita
are expected to make a splendid show
Ing following the next call to be issueS
by the controller Of the currency. Thu
third call during the year is usually
sent out around the close Of September
or early in october, so that condition
statement will probably be asked OF thG
local banks in less than a month.
Local bank officials report that de.
poSits are holding up unusually well
and many substantial increases have
been recorded during the Summer. Il
"a noticeable that bank deposits Away:
increase after trade and financial de-
pressions. People Of large means place
their idle funds in the banks in large
amounts Industrial corporations anc
other big business concerns do the same
Since the stock market tumble, loca
bank deposits have followed the usua
course. Some banks in Washington re-
port that their savings deposits are nov
the largest that they have ever been
Commercial deposits are also at high
point in several institutions. Many
small depositors have been steadily
boosting their savings accounts instead
Of drawing them down for the purchase
Of stock, as they were doing in such
great numbers q year ago at this time
The last controllers call was on June
80 Deposits in this city then totaled
S262, 040, 926.88. On the previous call
on March 81, deposits in the local banks
were $256,S7o ,92o.93, the June call thus
showing a gain OF IS, ls0; oo5.95. De
posts on December 81. 1929. were $3.50
1S3. 346.85, so that the March figures
revealed an increase in the frst quar-
Ter of this year Of 81 .067.5 74.0S.
VIII the figures on the next call show
another increase? Many bankers say,
eyes"
Title Offlciais ut Opening.
Several oficials from the head once
were present at the opening yesterday
Of a local ONCE of the New York Title
a. Mortgage Co, the delegation flying TO
the city by airplane. Among the Wis
itors were William H. Neal, vice presi-
dent: Ernest M. Weaver, assistant vice
president and Horace w. Foster, assist
ant to the president. They assisted
MILFORD H. Booher. the local manager.
and Bernard B. Bailey, title ofhcer, in
greeting the large number OF lawyers.
business men and bankers who attended
the opening and inspected the spa
cious Offices on the ground floor OF the
Shoreham Building. Speaking OF the
Washington branch, Vice President NC
Neal said:
THE establishment Of our Washing
ton branch is an effort to meet the
growing demand on the part of real es-
tate owners and lenders, which not
only exists In this city, but everywhere,
tor title Insurance."
ChiIds Completes with Bakeries.
Henry J. Cadle. formerly president Of
Belle Mead Sweets Co, has been APP
pointed manager Of the miscellaneous
sales department for Childs Co, effec-
tive September is.
This marks elimination OF an expert
mental period during which Childs Co.,
introduced q variety OF articles pack
aged under Its own brand for sale across
the counter. These include candy and
jams. coffee, tea, cigars and cigarettes
naarmalade, mint Jelly, mayonnaise and
baked beans. In q NUMBER of its units
Childs maintains bake shops for selling
pies and pastries to be taken out
For the first eight months of 1890
miscellaneous sales increased approx
mately 20 per cent over the total for the
corresponding period last year, accord
Ing to L. 3. Boswell, treasurer.
Heard In Financial District.
President Bertram Chesterman of the
Morris Plan Bank Is another Washing
Ton financier planning to attend the
convention of the American Bankers AS
woclaticn ct Cleveland.
w. O. Roughton and Harrison r.
Hathaway, local agents of the Sun Life
Insurance Co. Of Canada, are at
tending the company's annual conven-
zion at Jasper Park, Canada, and will
return to Washington the first Of next
week.
The United Cigar Stores are expect
tng an advance In profits, owing to the
higher prices for popular cigarettes.