The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1933-11-18
TREND IS DOWN
WITH STOCKS
SLUGGISH
BY LESLIE GOULD


pressive account of itself today
with only the farm equipment,
electrical equipment and New
York City transit shares showing
any signs of activity on the up
side.
Activity Tapers Off
Activity in the farm shares, in
clu6ing Case. International Har-
vester Oliver Farms tapered off
near the close and the early
buoyancy succumbed to profit
taking. The electrical equip
ments. notably westinghouse and
General Electric, were similarly
affected.
Buying in the New York City
traction shares was based on
the court decision banning the
use of tax funds to make up
transit deficits. This was inter-
prete'I as speeding unification.
The grain markets were the
principal adverse influence on
the list today. Cotton and silver,
though. we're strong with the lat
ter up more than cent an ounce
following yesterdays slump.
Rails Turn Lower
Railroad shares tended to move
aower under the influence of
relatively poor earnings reports
reflecting the ending of the sur
charge the beginning of last
month.
North American was again an
outstanding weak spot in the
utilities, getting down to a new
low for the year and generally
unsettling the other issues in
che group.
Syeel. motor and speciality shares
were quiet and sluggish.
FIFTH RESERVE BANK
The Federal Reserve Bank of Rich
mond made the following weekly
statement at the close of business,
November Is, 1888:
ASSETS
Gold with Federal Reserve
agent neutrality-suspicious., $12S,O75. 900
Gold redemption fund with
U. S. Treasury. 1885,, 900
Gold held exclusively
against Federal Re
serve notes. .......... s12s $4,000
Gold settlement fund with
Federal Reserve Board. 2s.O7s. 900
Gold and gold certificates
held by bank........... 1920, 900
Total gold reserves. $154,44O, 900
SOther cash. .............. 12161 900
Total gold reserves
and other cash.. 1885, sol, 900
Redemption fund-Federal
Reserve Bank notes. 100000
Bills discounted:
Secured by Y. S. Gov
eminent obligations. $4,000
Other bills discounted. 6,235, 900
Total bills discounted $6,S18.O 900
Bills bought in open mar
ket .................... $4,000
y. S. Government securities:
Bonds ................. 1865, 900
Treasury notes. ....,..., 1896 900
Certificates and bills.... 32,324 900
Total U. S. Govern
ment securities. s78 $50 900
Total bills and Sc
curities ........... $85, S73, 900
Due from foreign banks. $4,000
F. r. notes of other banks 1,568, 600
Dncollected items. ........ 44,640. 900
Bank Premises. ...s.,.s.. S,238, 900
AL other assets. ........ 3,426 900
Total assets. ..... $So5, 742, 900
LIABILITIES
Federal Reserve notes in
actual circulation. ...... $149.697. 900
Federal Reserve bank notes
in actual circuiation. 1854 900
Deposits:
Member bank - reserve
account ............. so, 536 900
Government ..........., 1,682, 900
Foreign bank. .......... 268. 900
Special deposits--member
bank ................ c,256,OOO
Special deposits nom
member bank. SIS, 900
Other deposits. ......... ASP 900
Total deposits. ..... $89,872O
Deferred availa bility items 44113OOO
Capital paid in........... 4.923. 900
surplus NEUTRALITY-SUSPICIOUS.. 1857. 900
All other liabilities. 986, 900
Total liabilities. ..... 1905, 742, 900
Total amount of bills dis
counted and bought for
week ended November Is,
1888 ................... $2,445, 900 90
Ratio of total gold reserve
and other cash" to de-
post and F. r. note
liabilities mbined ..... SO SIS
Contingent liability on bills
purchased for foreign cor
respondents ........... 152, 600 90
"Other cash does not include Federal
Reserve notes or this banks Federal
Reserve notes.
FOREIGN EXCHANGE
NEW YORK, Nov. is UN.S.).
IDemand.I Gables.
Ct. Britain, sterling ...,IS5
France. franc .... .. ......... O6SS
Belgium. belga ....,, 2271
switzerland, franc ......... 1855
italy, Ira .......... .,....... 0S6O
Sweden. krone ...,.I....,,, .271S
Norway krone .... ....... 1850
Denmark.s krone &C.. .. 1880
Germany. mark .... ......... $3.50
Greece draChma go. ........ OO93