Evening star. [volume] (Washington, D.C.) 1854-1972, 1934-03-23


The call made today brings out the
sharp contrast in banking conditions
compared with the same period
year ago, that President Roosevelt
ordered every bank in the United
States closed. A bank holiday already
prevailed in Michigan and m Mary
land.
Today's call finds more than 500
national banks are licensed and oper-
ating. These banks on the date of
the last bank call December 80. re-
ported total assets of S21,747483 900
The call TODAY Is the first OF 1884
The controller OF the currency is
required by law to obtain reports on
the condition of national banks at
least three times annually. Last year
because of the bank holiday the first
call was delayed until June 80 and
the second came October Is.
Since last year also the Government
has advanced 81, o39 900 900 in capital
note or preferred stock purchases in
$500 banks to bolster their position
for reopening. OF this number APP
proximately 1900 were national banks
New Record Established.
Washington banks have established
a new record on call figures. 1t is
the first time SO far as could be re-
called in the financial district today,
that every bank in the city has an
nounced an advance in deposits over
the call three months previously.
The 81 banks now operating 100
per cent have very much higher de-
posts than they had year ago at
this time The exact figures cannot
be presented. as the controller issued
no March call last year, but the figure
would be almost sensational.
AS holidays were declared in differ
ent cities and the States of Michigan
and MARYLAND. Withdrawals all over
the country became startling, the
amounts reaching enormous proper
tons The banking situation has I'M
proved SO much since that time and
confidence been so restored that the
banks now have their vaults bullying
with money, so much that they hardly
know what to do with it.
Surprise was expressed in the f1nan-
Cial district today that the call was
dated so far back. No doubt the con-
troller wanted to make the date cor
respond with the date of bank holi-
day, so that any comparisons made
would be more vivid and striking.
ID. c. Market Very Active.
Trading on the Washington Stock
Exchange was unusually active today
in both stocks and bonds. Prices were
strong.
Among the stocks Capital Traction
figured in more than a half dozen
transactions, all made at 26l4 In
the bond division Washington Gas IS,
1860, were in the best demand. six
$1,000 sales taking place at 1861.
Directors of the Columbia National
Bank have declared the regular quar-
terly dividend of $3.50 per share on
the capital stock, payable April 2 to
stockholders of record March 81
President Frank j. Stryker announced
today.
The District Underwriters Associa-
ton officers announce that more than
S1,000000 in new life insurance was
written during the first four days of
Financial Independence week This
IHulCdIeS lndC last year marx 1Or
Washington will be exceeded
Secretary of Treasury Morgenthau
announces that S344987 900 was Of
fered for the latest issue of $780,
100000 of 91-day bills, of which $780,
10000 was accepted The accepted
bids ranged in price from 99987,
equivalent to a rate of about 0.05 PEI
cent year. to 99.975, equivalent to
rate of about 0.10 per cent on a bank
discount basis.
Richman Bros Co. declared the reg
ular quarterly dividend of rs cents,
payable April to stock of record
AIarch "a