Evening star., 1932-08-11

United States,
SIT stores. ....... 80 "a
State Figures
Virginia ............ -3l.9 -24.0
West Virginia ..... -29.7 PA
The Carolinas. ...... -28.9 -25.2
As noted yesterday, the average drop
in total sales in the fifth Reserve dis
trict was % per cent, compared with
an average decline of 80 per cent in
the whole IL districts The drop of
20 per cent in the first seven months
in this territory compared with "a per
cent for the country as a whole
The Boston and Minneapolis districts
tied for the smallest decline in July,
1882, sales in comparison with sales in
July, 1881, but the Richmond district
reported the lowest percentage decrease
of all districts for the seven elapsed
months of 1882 compared with sales in
the corresponding period last year.
Resources of National Banks.
Controller of the Currency John w.
Pole reported today that the resources
of 6,150 national banks in the United
States on June 80 totaled $22, ,367,711,-
600, a decrease of $2,294,575 since De-
cember 81, and decline of S5,274, ,987,-
600 since June 80, 1881.
The number of national banks was
223 less than at the end of December
the date of the preceding call for their
condition, and 655 less than on June
80, 1881.
Total deposit liabilities, as shown by
reports made in response to the call
were SIT 1850, ,913 900, decrease of ST.
783, 3,434000 since December and drop
of 81, ,737, 1927 600 since June year ago.
In the total of time deposits was in
cluded postal savings of $450,275,0 900,
time certificates Of deposit of 1885, 172,-
900 and savings pass book accounts Of
$5,202 2248,000 The savings accounts
total was represented by 14,149, 1872 ac-
counts.
Loans and discounts, included re-
discounts on June 30, amounted to $10,-
281 ste, 900, a decrease of 1883, ,713.-
600 in six month and of $2,695, ,809, 900
in IL months.
Holdings of United States securities
aggregated $3,352, ,666000, an increase
of S176.191 900 since December and an
increase of SOC, $4,000 in the year.
Sharp Acacia Gains Reported.
The Acacia Mutual Life Insurance
Co.'S written business for the week
which ended August l was larger than
the total for any corresponding period
in more than two years, President VIII
liam Montgomery announces.
Not only did written business reach
the substantial total Of $1,700,000 for
the week." Mr.. Montgomery said, but,
of great importance and significance,
business has been showing a gradual
but steady gain from week to week. The
upward curve, in other words, is marked" !"
Mr.. Montgomery also pointed out that
since May of this year, when by con-
greSsional action Acacia's charter was
Tan HJ1e 0f
pany has increased more than so per
cent.
Business on the Washington Stock
Exchange today opened with $1,000
Washington Gas Light SIS selling
at 1914.
TIE next sale was in Capital Traction
stc- a very small lot selling at 71s.
It VS. the first time this stock has ap-
pearcd on the board in many sessions.
It closed with bid and 8 asked.
Potomac Electric Power 512 per cent
preferred appeared in two tiny sales,
the first made at 1o4 and the second
at 1892.
Loft Candy Reports Profits.
Loft, incorporated, reports for six
months ended June 80, 1882, net profit
of Sl01 ,666 after taxes, depreciation,
amortization, etc, equivalent TO cents
a share on 1,073,259 no-par shares Of
stock. This compares with $2l9,005, or
81 cents a share on 1,023,209 shares in
first half Of 1881.
For quarter ended June 80. 1882, net
loss was S7,576 after depreciation amorti-
zation, etc. This compares with net
profit of $l09,241, or 10 cents share
on 1913 259 shares in preceding quarter
and net profits of $92,8l9. or cents a
share on 1,023,209 shares in June quar-
ter Of previous year.
Heard in Financial District.
Up to August l, the Interstate Com
merce Commission had approved loans
of S247 ,562, ,5O8 to railroads by the Re-
construction Finance Corporation out of
1882 ,359,556 requested.
Maurice Newton has been elected a
director of Paramount -Publix Corpora
tiOn and a member of the Finance
Committee succeeding c. I. Stralem, de-
ceased. Mr.. Newton is partner in the
banking house of Hallgarten & Co.
1t was reported by local brokers to-
day that much of the buying of stocks
here is for cash. There are indications,
they say, that some Of this money is
being taken out of boarding.
Today's active New York market drew
another record attendance to the board
room here. How long such activity will
last, no one attempted to say
Lanston Votes Dividend.
Directors of the Lanston Monotype
Co. today declared a quarterly divi-
dend of $3.50 per share, payable Au-
gust 81 to stock Of August 81. The
same payment was voted three months
ago.