Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-12
INCREASE IN BANK
DEPOSITS REACHES
S16,3OO,481 IN D. C..
Auditor Savage Reports
Large Gain During Last
Year-ReSuIt Analysed.
CAPITAL TRACTION NETS
$5,4O5 RISE IN INCOME
Revenues for Half Year Cover
Dividends by Good Margin.
Figures Given.
BY EDWARD c. STONE.

able gain in deposits Of $4,000, 481 90
in the year since the controllers call
of June 80, 1890. according to a bank
analysis completed yesterday by Audley
A. P. Savage, auditor OF the National
Savings & Trust Co.
Total deposits in Washington banks
on June 30 1880, were 1882, 050. 81 6 80,
while on the call of June 80. 1881, they
amounted to S278.351. 39797. thus re-
vealing the above-noted splendid growth
and at the same time depicting an un-
usually sound condition.
This official tabulation, which is al
ways placed on file in the Offices of the
District Bankers Association. shows a
falling off in aggregate deposits be-
tween the call of March 25 and June
30 this year. Of S3626527.97 However,
in connection with this comparison it
should be borne in mind that the Dis
trict personal tax was dated July !
instead Of January l. as in previous
years. Bank officials are frank to state
that Withdrawals on account of this tax
accounted for the fact that aggregate
deposits at the end Of June did not
equal or exceed those of March 25.
Gain Since Wall Street Break.
Comparisons bring out the fact that
Washington banks are still ahead in
their total deposits of the funds they
had on hand before the Wall Street
break in the Fall of 1929 Controller
Pole issued call on october 4, 1929,
shortly before the memorable tumble,
which showed total bank deposits in
1854. The call of few days ago pre-
SentS an increase in deposits since that
time of S8,761 .5l2.33.
To mention the last two calls again,
1t is not surprising that slump in
deposits is noted The banks reported
the largest aggregate deposits on hand
on March 25 in the history of WASH
ington. In spite of the thrifty condi-
ton pictured in the increase in saw
ings deposits, it YVES hardly expected
that the banks at this time would
smash the best record ever made.
A tabulation is presented elsewhere
In The Stars financial section showing
the deposits of every bank in the city
on June 30 compared with the figures
reported on March IS. BY groups the
national banks had decrease in de-
posts of S3,5l7 1925. The trust COM
pan!es as a group also had a decrease
amounting to Sl,917.339.88. while the
savings banks of the city added a
total Of Sl,808.14446 to their deposits
IN the three-month period.
The Columbia National made the
largest deposit gain of any bank in
the city, with the Park Savings Bank
running second. The third largest in
crease was reported by the Security
Savings & Commercial with the Chevy
Chase Savings Bank and the National
Bank of Washington next on the list.
Reference to the table shows that sew
eral other banks had most gratifying
advances.
Capital fractions Net Higher.
The June financial report of the
Capital Traction Co. shows a gain of
over $4,000 in operating revenues for
the month, an increase in net income
and also gain in net earnings for the
first six months of the year.
Operating revenues totaled $751;
ol7.68. against S34O 623.O5. an increase
of $1,000 60; operating expenses re-
quired SPAS, 141l1, compared with
SPAS, 606.76 in June year ago, an in
crease of. S3,534.35, leaving an operat ng
income, after taxes, of 74,265.87.
against 68,860.58, or a gain of SIS, 405.29.
The traction company had a nom
operating income of S5,3l5 and a gross
income of $79,5S087, compared with
STA. 1885 in June, $780, a gain of S.
477.22. After other deductions of $33,-
1917 from gross, the street car COM
pany had total net income of S45,-
84l.70, in comparison with $40,884.32,
or an increase OF 81 ,957.3S.
Revenue passengers carried on the
company's lines in June totaled $685.
678 against 4,37l 1888 in June a year
ago, a falling off of 447, 705.
fractions Half Year Earnings.
The companyS report for the first
six months of 1881 shows operating
revenues of $2084 ,29466 against 81
125,179.89 in the like 1880 period, a
decrease Of $40,885.23. Operating ex-
penses and taxes totaled S1,635, O90 SO,
compared with s1,685 ,482.19, a reduc-
ton of S50,39l.83.
Operating income totaled $449. 204 80,
against $439.697.70, an increase in this
item amounting to S9,5066O. The nom
operating income was s12.l2l.96, prac-
tically the same rs last year. Gross
income showed an increase of S9,125.46.
Deductions called for S18732782 against
$l8310952 in the first half of 1880, or
an increase of S4,2l8.30.
Net income for the six months to-
tailed 273,998.44, against $269.091. % in
the like period a year ago, an increase so
far this year of $4.907l6. The num-
Der of revenue passengers carried dur
ing the first six months of 1881 totaled
24,167,432, against 27,788, IT'S year ago,
a decrease of 3.620.743.
Study of the figures indicates two
particularly interesting high spots. One
is the June gain in operating revenues
and the other the more important fact
that the net income for the first half
year covers the dividend for the six
months by a good margin.
Bankers Bulletin Appears.
The Monthly Bulletin of the District
Bankers Association appeared yester-
day and is devoted largely to a glance
backward at the recent convention at
Hot Springs. George o. Vass. the re-
firing secretary, as the bulletins staff
reporter" has written scintillating ac-
count of the big annual event, with the
following introduction:
Scene: Union Station. Time: Monday
morning, June %. Where have you
been, seq Deyber? I've been t tn
Coronation iv Ed McQuade, seq B<a-
hany Was it a good party, SCI Deyber?
Good t was perfect, seq Brahany.
don't see how t could a been. sez
Deyber, without meself an Bill Waller,
an' Harry Mckee an Howard Moran.
Well. sez Brahany, there was other big
financeers absent too like Jake Pole,
Andy Mellon. Gene Meyers an Joe
Schiavone. What happened to Nc
Lachlen. seq Deyber? He got goold
watch an chain an big sinse Nv
;1R We'll 10 made q