davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
ACACIA SHOWS BIG
GAIN IN INSURANCE
Annual Report Of Home ONCE Re-
vealS Excellent Year in Spite
Of Depression.

The Acacia Mutual Life AsSociation's
annual report shows that business In
force at the close Of the year was ap-
proximately $3.50, 900 900, the largest in
the history Of the association. New in
surance paid for totaled more than
$50 900 900, while the increase in insur-
ance in force during the 12-month
period was more than sal 900 900. In
come increased approximately $1,000
900, while the figure for the increase in
serve Is about $5,270, 900.
indicative of Acacia s constant growth
and Of the size Of this Nation wide life
insurance association, which has its
headquarters in the National Capital, Is
the fact that its first-mortgage loans on
improved real estate now aggregate ap-
proximately &21 900 900; q total of more
than 80, 900 900 has been loaned on the
associations policies, and that total
assets stand at $4,000, 900.
Headed by President William Mont
gomery, who has been the active man.
ager Of the association for more than
IS years, Acacia today not only is
among the Capitals largest business in
stitutions, but it is steadily mounting in
the list Of the country's outstanding life
insurance organizations. Its Washing
ton home once employs more than 400
persons.
In addition to President Montgomery,
the board OF directors of Acacia In
cludes the following members: W.. l..
Andrews. Charles E. Baldwin, Harry
Blake, DR.. Rufus Cheney, c. G. Coombs,
w. K, Cowden, Paul B. Cromelin, j.
Harry Cunningham, L. Whiting Estes,
z, C. Graham, James G. Hoyle, Thomas
z. FARRELL. J. Claude KEEPER, Arthur D.
Marks, John T. Meany, Joseph H.
Milans, Dr.. j. B. Nichols, Charles p.
Eugene z. Thompson, Z. Lee Trinkle,
Francis D. winston and ]. p. Yort.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
POLE WOULD DIVORCE BANKS
FROM FINANCING COMPANIES

in this generationl Business crawling
on the bottom-if there Is q bottom
Chairman Legge of the Farm Board
suggesting that raw cotton and wheat,
Of which the Farm Board has approx
mately 1,40O, 900 bales Of cotton and
100000 bushels Of spot wheat (plus
about 100000 bushels Of wheat
futures, be traded to spinners and
millers for manufactured products to
clothe and feed the needy
The Senate has voted 425 200, 900 for
the Red Cross. But the Red Cross says
1t doesn't want it; that the fund will
be received unwillingly" SO the Red
Cross Is starting out TO raise SIC, 900, 900
by private subscription, the way Presi-
dent Hoover wants Red Gross funds
raised.
These two funds total s35, OOo, 600
not big sum to meet the national
crisis. 1t looks to many as though the
total fund appropriated by the Senate,
plus the $4,000, 900 to be raised by the
Red Cross in the. next three weeks.
viii be both needed before the trouble
Is over.
What the distressed districts want
right now Is help-not theories Of gov
eminent.
Brush Report.
Matthew c. Brush, president of the
American International Corporation,
known in Wall Street as shrewd and
successful, has Just given out the report
Of his stewardship for the year 1880.
1t shows that security holdings cost the
corporation $44,647, 900, while the mar
ket value on December 81, last, Of these
some securities was but So, 029 ,0OO-a
shrinkage Of more than $12,5O0, 900
since the time Of their purlncase.
When any little" American u In
clined to kick himself for having bought
stocks at higher figures than the pres
emit market values of those stocks, it
might help for him TO think that
plenty Of "big" ones-wiser than most
Of us-made their mistakes, too. Misery
loves company!
The American International Corpora
ton has decided TO issue its report once
q year from now on instead of quar-
terly, IS was customary in the past. A
reserve Of 100000 against losses on
securities has been set up-another
very wise proceeding in times like these.
Copyright, 1881, by North American News
paper AlliAnce.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21

Lower Money Rate influences
Investment by Profess
SionaI Traders.

Special Dispatch to The Star.
NEW YORK, January 21.-The bond
market today had greater breadth and
volume than on Tuesday and was strong
In practically every department.
1t was apparent that the lower money
rate and the return of funds from the
interior since the end of the year were
compelling certain amount of institu-
tional buying. There was also accunu-
lation on the part of dealers In antici-
patton OF q pickup In public interest
In investment securities later in the
month
Until today the high-grade list has
been the. one to show the flrmest
tendency. Now the market seems to
be broadening out to include most of
the second grade and never issues from
the railroad and public utility groups.
The impressive movements today were
in such bonds as Erie IS, up / n to ia
points, Missouri Pacific Is and SIS, up
nearly q point Nickel Plate AVS and
Frisco AIS, which were to 13s points
up, and in Baltimore g. Ohio con-
vertible AIS, AtchiSon convertible 41as,
Allegheny Corporation IS, Peoria q
Eastern SIS and Rock Island AIS. It Is
some time since bonds of this type
have shown substantial net gains.
Along with this movement were those
of similar character in international
Telephone d Telegraph AIS and 5 per
cent issues, which rose q point, and In
Warner Bros. Pictures SIS, Shell Pipe
Line IS and Armour of Delaware 55as.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
WHEAT CARRY
ESTIMATE IS LARGE
Government Figures Indicate Total
of 229, 000, 900 Bushels
on July !.
BY the Associated Press.

BY the Associated Press.
A summary of private estimates
would indicate next years wheat crop
win be greeted with a carry-over equiv
alent to almost one-third Of the United
States total consumption.
Last years crop amounted to about
S50, 100000 bushels, to which was added
q carry-over Of about 275, 200, 900 BUSH
els. The estimated consumption and
seed requirements will be about $780,
000,0 bushels, while disappearance
and use as feed for cattle win absorb
about 236.000,000 bushels additional,
the latter being the Government esti-
mate, bringing total consumption to
6l6 000, 900 bushels. total of 80 OOO,-
900 bushels was exported up to Deem
Der Is last, which would indicate the
carry-oyer of July /, next, will be about
100000 bushels.
But private estimates declare the
Government has erred in its calcula-
ton as to the amount which will be
used as livestock feed, contending the
amount diverted to this source will be
much smaller. The Government esti-
mates, they say, were made when corn
and wheat were selling at the same
level, but since that time the Farm
Boards operations in wheat have sus-
tanned that market while corn has sold
on and is now at level about II cents
q bushel under wheat. Hence, they
declare, the inducement to feed wheat
has been materially lessened, and then
doubt If consumption of the crop by
cattle will amount to more than 200,-
100000 bushels. Some estimates place
this figure as low as lac, 900 900 bushels.
The export total of 10000, 900 bushels
thus far appears unlikely to he swelled
by single bushe1. The price in the
Chicago market Is about "A cents a
bushel higher than In Winnipeg and
approximately as much higher than the
Liverpool market. Under such a wide
divergence Of prices, brought about BY
the Farm Boards operations, sales for
export cannot. of course, be made.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
STOCKS.
PUBLIC UTILITY

Amer Tel 4 Tel. 90. .... 1914 -.
Capital Traction 90. (D..... 40k -
Wash Gas Light Co. Ge) ....."119 las
N. q w. Steamboat (12l. ...... 1875 $40
Pot. Elec. Power 81 pfd ..... liz 1851
Wash Ry. & FL. com. d.. 40 80.
Wash. Ry. q Fl pfd. DID,. 9eh esH
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
"UNDIGESTED TALK" BAN
SUGGESTED BY FARRELL
Special Dispatch to The Star.

Special DiBpatch 20 The Star.
NEW YORK, January 21.-President
Farrell Of the United States Steel Cor
poration is the author Of q new phrase
which promises to be as popular as
some Of the others that originated
in periods Of financial and business
depression. In his Chicago speech he
said: Let US cut down the volume OF
undigested talk which rarely helps, but
always hampers" Others have coined
the expression "undigested securities, .
but "undigested talk" is new.
It goes well with the expression fire.
quently heard last December that the
trouble with the situation was not 50
much "overproduction as overpredic-
ton"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21

that there is great danger in the prac-
tice Of permitting finance corporations
to control or own the stock Of banks
with which they are afnliated.
Should such q recommendation be
put into law 1t would cause q wholesale
change in the present banking and
credit structure. Today 1t is not I'M
usual for q large bank to have asSo-
ciated with 1t an af1liated company
which sells securities to It's own bank
customers.
Controller Pole believes this Is wrong.
He sees the weakness Of such an ar
rangement. Human nature Is weak at
best, and the temptation to sell securi-
ties to bank depositors and make q
profit Is too great q temptation for
many bankers TO resist.
From the questions which the Glass
Committee asked the controller it is
evident that they intend to make q very
thorough investigation Of this important
subject. For in 1t Is involved the whole
problem Of the trustee relationship to
funds left in the control of the bankers
Help Needed.
Seven million unemployed Two score
States suffering from the worst drought
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21

Nearly 1000, 900 bushels of potatoes
were grown In Mexico in 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
Baltimore Markets
np.eial pispatch TO The star.

Special Dispatch to The Star.
BALTIMORE, Md, January al
Potatoes, white, 100 pounds, 1.25a2.0 90;
sweet potatoes, barrel, 2.0Oa4.00; yams,
barrel, 2.25a3.25; beans, bushel, 4.0Oa
TOO; beets, crate, 2.50a2.75; cabbage,
ton. 1sO0a20.0O; carrots, crate, 2.5Oa
3.25; caulifiower, crate, 1.75a2.25; cell
2.OOa3 as; kale, bushel, 75aS5; lettuce.
hamper, 1.25a2.75; peppers, crate, 1.5Oa
500; parsnips, buShel, S0al 20; turn1ps,
bushel. LOCAL 40; tomatoes, crate. l.0oa
$50; cranberries, box, 2.75a4.00; grape
fruit, box, 1.50a2.75; oranges, box, 20Oa
S.25: tangerines, box, 75a1 so; apples,
bushel, 60a2.00; per box, 1.25a22S.
Dairy Market.
Poultry, alive-Tlrkeys, pound, asa
IS; old, 28a3o; chickens, springers, asa
90; leghorns, 1920; barebacks, l4al5;
old hens, 1sa23; leghorns, l6al7;
ROSTERS, 12a14; ducks, 15a25; geese,
i4a24: guinea fowls, each, 30a60;
pigeons, pair, firSts, 15a20.
ERzs-Receipts, 1878 cases; nearby
firsts, %: Southern f1rsts, ~; current
receipts, %.
Butter-Good to fnacy creamery.
pound, 2sa3l; ladies, 22a23; rolls. 16a
1e; process. 27a2s; store packed, Is.
Live Stock Market.
Cattle-Receipts, so head; hight sup
ply, market steady.
Steers-Choice TO prime, none; good
10 choice, 1000 to HOO; medium TO
good, 900 TO 1000; fair TO medium, 7.50
to $50; plain TO fair, Gas to 7.25; COM
mon to plain, 500 to 800.
Bulls-Choice to prime, none; good
TO choice. none; medium TO good, $50
-. q HaNr N IN :
plain to fair, $50 to 500; common to
plain, 400 to $50.
Cows-Choice to prime, none; good
70 choice, $50 to 900; medium to good,
AIS to SIS; fair to medium, 400 TO
A.60; plain to fair, 800 TO 400; common
10 plain, 400 to 500.
Sheep and lambs-Receipts, rs head
Hight supply, market steady. Sheep,
1.50a4 90; lambs, 4.50a9.75.
Hogs-ReceiptS, 800 head; light sup
ply, market higher. Lights, S.95a9. 20:
heavies, S.00aS.45; medium, 8.S5a9.10;
roughs, 6.0oa7.25; light pigs, s.90as 30;
pigs. S.90a9.15.
Calves-Receipts, rs head; light sup
Hay and Grain Prices.
wheat-No. 2 red Winter, export
s0A: No. 2 red Winter, garlicky, spot
sok January, 80H; February, S024.
Corn-No. domestic, yellow, old, s2s
%; cob corn. new, 4.25.
Rye-Nearby, 60a65.
OatS-White, No. 2, new, 43a44; No
3, 42a43.
Hay-Receipts, none. General hay
market strengthening. Drought has Sc
riously curtailed nearby crops. chang
ing the entire situation. Sections here
tofore shipping are now asking for Of
ferings Of hay. Good clover, mixed and
timothy new hay will bring from 24.00s
$500 per ton.
Wheat straw, No. /. per ton, o00s
1000; oat straw, No. /. per ton, zoos
1000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS

NEW YORK, January 2I.-The fol-
lowing Is q summary Of important cor
poration news prepared by the Standard
Statistics Co., Inc, New York, for the
Associated Press:
News Trend.
AS indicated by movements of freight
and steel production, business has in
creased substantially from the low levels
Of the year end, but gain has not
equalled that Of previous years. Ingot
production throughout the steel in
dustry has advanced to IS per cent Of
capacity against A per cent . week
ago, Iron Age reports. The Iron Age
reports demand Of steel products con-
tinues to gain, but commitments on the
whole are subnormal. Revenue freight
car loadings during the seven days
ended January 10 increased $500 cars
over the preceding holiday week, but
were 1921 cars below the 1929 period
and 20O, 1877 cars under q like 1928 week.
Total Of 714,251 were the smallest for
the period since 1921.
Petroleum statistics covering the week
ended January II are unfavorable
L>OAAcSuC OLuoS OuOpub hICIchSSu S,AUV
barrels daily and gasoline storage in
creased by 7ss, 900 barrels for the period.
Fuel oil and gas stocks declined 1eO 900
barrels.
Companies announcing omission or
reduction Of dividends during the past
day include Campbell. Wyant & Can
non Foundry and Sutherland Paper.
The Companies.
American Founders value
November 30, 1890, $3.50, against $l1.5s
Art Metal Works ordered 15-cent
common dividend; last payment, rs
cents, August /.
Bangor Hydroelectric to buy all out
standing Penobscot Power stock from
Advance Bag Il Paper for about $780,
600; purchase Of Rowland plant from
Advance completed.
Burns Bros. defers action on Class A
dividend; paid 81 November IL.
Campbell, Wyant q Cannon Foundry
Co.-25-cent quarterly dividend; paid so
previously.
Detroit neutrality-suspicious. and
engineering work on new $500 900
metaled airship to start immediately.
Dominion Steel d Coal obtains 81 ,00O-
ton rail order from Canadian National
Railway.
General MOCOrS-CheVrOleG PRESIDENT
reports demand for cars East Of Mis-
siSsippi approaching normal for season.
Retail sales first 10 days Of January,
1885, against 1883 cars December
period. Stock, 4.8 cars per dealer.
Hudson 81 Manhattan Railroad 1870
common share earnings. $3.50, against
1896.
Marine Midland 1880 net income,
80, 1895.
Market street Railway-De December sur
plus, after charges, before depreciation
and Federal taxes, on slightly; IL
months, of IA per cent.
Prudential Inves
value December 81, 1890, $13.46 a share.
Puget Sound Power 81 Lght-Decem-
Der net, before interest and amortization,
up 81 per cent; IL months, up IL per
cent.
Sinclair Consolidated Oil-Sinclair
Refining. subsidiary, acquires o,633 new
United States outlets In 1880.
Standard OIL Co. Of California-TiTe
prices reduced 7h 10 121a per cent.
Sutherland Paper-15-cent quarterly
dividend; paid 221A cents previously.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
q ABAGU ]
BONDS.

Barber 4 Ross Inc. ,s1ss...... @ Ss
Chevy Chase Club 5las. ....... 100 -.
Columbia Country Club Sias.. 100 ioi
2; Paper Ms: Ss;::.....'... g. g
wash. Cons. Title 6s.......... $50. 100
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21

first witness before
the Glass subcom-
n1ittee.
Controller Pole
was clear-cut on
this point. He did
not quibhle about 1t.
He wants the man
agement ard own
ership of national
banks absolutely
divorced from n
nancing companies
and the f1otation of
securities.
Apparently h e
thoroughly agrees
with Frank A.
Vanderlip, former
president Of the
National Citv Rank
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
POTATO MARKET.

CHICAGO, January 81 up Omitted
States Department Of Agriculture) -
Potatoes, 50 cars; on track, ITS; total
q. 8. shipments, 727 practically no
trading account Of weather, too few
sales TO elotas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21

SILVER QUOTATIONS.
NEW YORK, January 81 R.-Bar
silver, 80.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21

1880 AM. 2723Oo 1900 Noon. SIS. 700
1880 PM. 103O.90O 210 ....... / 1877 100
payments based on the latest euare half yearly
in stock Payable Plus
PAYABLE earned
Payable IN cash stock Plus So IN go In
stock. az
as In stock Plus Is stock a SIS In stock "
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
MAIL ORDER FIRMS .
LEAD IN TIRE CUTS
Retail Trade Reported Doubt
full If Reductions viii
Aid Sales.
BY BRADLEY w. TRENT.

Special DiSpatCh 70 Inc 8tRE.
NEW YORK, January 2l.--AlthouRh
tire manufacturers are reluctant 10 ad-
NIT 1t, the big mail-order houses Of
the country today dictate the retail
prices of tires. They demonstrated
their power to ax prices this week for
the second time within less than q
year, when the tire companies made a
general reduction in prices.
Those cuts follow sweeping redue-
tons made by the mail-order houses
in December, disclosed in their Mid
winter catalogues.
The other time within the last II
months that the mail-order concerns
asserted their power was last Spring
In May they published cut prices In
their Midsummer catalogues which the
tire companies followed last June with
. general downward revision. The tire
companies at that time ascribed their
reductions to the decline in price Of
raw materials rather than TO mail-ordev
competition, but on the present occs-
sion they lack that excuse and do not
offer 1t.
Have Met Reductions.
AS a matter Of fact, it is well known
that the tire makers last November
attempted to assert their domination
In the market by raising prices. The
advances were small, ranging only from
az to per cent. The answer of the
mail-order houses to that advance wa
9 general further slash in prices, aver
aging IL per cent, on December is.
That cut has forced the tire COM
panieS to abandon their policy Of
higher prices and meet the mail-order
cuts.
A strange feature Of the tire situa-
ton Is that one Of the two mail-order
houses, and the larger one at that, u
the customer Of . leading tire manu-
facturer. 1t Is stated that all Sears
Roebuck tires are made by the Good
year Tire & Rubber Co. AS an out
come q unique situation exists where
large customer of q big tire maker
dictates the prices of tires for the en-
tire industry, including the company
which supplies 1t. Montgomery Ward
are said TO buy all of their tires from
a group Of seven or eight small tire
companies.
Tire dealers and small manufacturers
are reported to be somewhat disgruntled
over the price cuts made this week. The
general feeling in the retail trade is
that the recent cuts were not war
rantsd and will not stimulate consump-
ton.
Discounts Unaffected.
1t is contended that the public will
not buy additional tires Just because
they are cheap-and they are now the
lowest in the history Of the industry
but win restrict purchases to tires ac-
tually required. In other words, it Is
the contention that the public would
buy just as many tires II the prices
we're at old levels. While dissatisfied,
dealers will not lose anything by the
cuts, since discounts are unaffected.
(Copyright, 1881
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-21
BY JOHN +. SINCLAIR.

Special Dlspatch 20 The Btar.
NEW YORK, January 21-Divorce
banks from financing companiesI
This is the suggestion of John w.
Pole, controller Of the currency and the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-18
PORKER PRICES
STEADY To Is
CENTS Lower
Cattle Market Irregular;
VeaIS Stationary at
$1,000 Down.

Porker prices today at the Union
Stockyards showed lower tendency,
with prices mostly steady to Is
cents lower than Tuesdays market,
light hogs and underweights were at
full decline. The bulk, 100 to 300
pounds, we're selling at $6.85 to
SITS. Early top sold at 81. IS. Re-
ceipts were 1000. Holdovers 237.
Cattle market mostly slow and
unchanged, with a few slaughter
classes of steers irregular with
tendency lower. Receipts were esti-
mated at 900. Vealers held to a
steady range, selling at $1,000 down.
Receipts were 800.
Sheep and lambs we're mostly
stationary at Tuesdays best aver
age, with a good and choice grade
of lambs selling at $3.50 to SO. Re-
ceipts, 1900.
Chicago hog receipts were $1,000,
including 5000 directs, Holdovers
5000. Practically no early sales or
bids, buyers unevenly lower. No
bids on lightweights, choice of 260
to 27O pounds, sold at $3.50. Cat
tie receipts 5000, and Is to SO cents
higher.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-18
Deaths

Dorothy Elizabeth Afford. ss, Metho-
dist hospital. cerebral tumor; ,.-,.
Katherine Mobley. 20. city hospital.
br saSSel GroTs g. sSs stwen chronic
n's Mime 1HS1T Braun Brown. %. at East
Wyonino hroncho pneumonia.
Thomas F. Morris. SO, 1907 Cruft, cere-
bral hemorrhage. - -, 49,. ~,
son. mitrai insuficiency.
Ben FRANKLIN Gill. SIS, 1905 Spruce. acute
Wills M. Alien. So. city hospital. acct
0e Cara L. Beale. IS. SIS North Belmont.
chronic encephalitis.
Fred IShani. AZ. Methodist hospital. cere-
Fiors Brvan Weir. "A. 1899 North New
Letha f. Hatfield. 6. 1906 Barrett. pneu-
Uirick o'Haver. 50. 447 West Thirtieth.
Claude TaSior. 50. 2a7i Easter. broncho
James Oliver caulk. IS. l7i4 spann. pull
monary tuberculosis.
James jackson Beasley. GO. 1871 Blaine.
chronic myocarditis.
Helen Roman. 90. city hospital. diabetes
william l. Stuck. 70. 4ss7 Shelby. endO-
L. VI. Reese. 81. 25i5 East Thirty eighth.
acute dilatation OF heart.
SnRrs sn,ta xnsoaoesi o. Sensfai Anoi'
George Periee Smith. SO. s4T Eastern,
Hf Flnora NJ. schmidt. ss go Parkview.
CARGO vascular renal disease
Efma IS. Merkle. -. Methodist hospital
obstruction Of b2wels.
cilntafion Of heard
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-18
Births


mond. '
William and Daisy MCGEE. s45 South
DaiIes and Fern Pierceheld. 1909 Tabor
Lyle and GLADYS York Methodist hospital.
Charles and Vandalena Sharp. Methodist
John, and Martha Emhardt. Methodist
Martin and 1nez DePoy. Methodist hos
King and Bertha cady. Methodist hos
Harold and Esther Day. Methodist hos
pital.
Herman and Carrie Wallace. 1913 East
William and Amanda Fisher. $40 East
Thirty eighth.
Frank and Minnie Simmons. 525 Patter-
son.
Steven and Violet Hotseller. 616 East
James and Hazel Shelby. 1925 Asbury.
Girls
Mike and Rose George. 1871 North Ire
mont.
BLAME and Theresa Thompson. 1854
William and Meta Muterspaugh. 514
Luett.
Fred and Elsie Stefan. Methodist hos
James and Inez Miller. Methodist hos
George and Janice Clark. Methodist hos
pital.
John and Bessie Aldrich. 1881 Union.
Roger and Bertha Baird. 35l9 Pleasant.
Joseph and Anna Kennedy. 52l Marion.
Fred and Lillian Butler. 3460 Garden.
Claude and Bessie Safewright. 1888 Win
william and rnez Lynn 1881 South Mis-
Arliss and F1ossie Galloway. 1l44 South
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-18
INDIANA BANKS
SHOW DECREASE
Symons Gives Annual Re-
port on Institutions.

Banks and trust companies in IN
diana under state supervision have
decreased from 705 listed a year ago
to 673 institutions, according to the
report completed by the state bank
ing commission, Luther Fl. Symons,
and his chief deputy, Thomas D.
Barr.
The 673 institutions have total
resources of $685., 141,275 against
$7O8, 797.115 year ago, the report
shows.
Statement that this report, as Of
Dec. 81, was satisfactory to depart
ment heads was made by Symons.
The various institutions are d.
vided as follows: Five savings
banks, So private banks, 439 state
banks and 1873 trust companies.
The average cash reserve was 1879
per cent of deposits, and the sec
ondary reserve which is composed
of United States and other bonds
was 22.5 per cent, making for a
total reserve of Ala per cent. This
is an increase of IL per cent in cash
reserve over last years report.