Evening star., 1935-04-24
E.D.L. c. MEMBER
DEPOSITS MOUNT
Total at $38,996, $40, 900,
or So, ,746, 900 Above
June, 1884, Level.
BY EDWARD C. STONE.

fOtAled $3S,996 .S4U,UUU on DeCeInOer
81, 1884, according to condition re-
port on insured banks brought out
today by the Federal Deposit Insur-
ance Corp. This was an increase OF
s3,l82,746.0O0 over the total for the
June 80, 1884, report.
Loans and discounts of the F. D.
I. c. member banks declined $685.
$4,000 from June 80 to December 81,
the report adds. Investments in Gov
ernment obligations increased in the
six-months period by Sl,411 1894 900
from $l0,30l, 100000 to $ll,7l2,894, 900.
The report gives complete figures
for the % banks in Washington, show
ing that total deposits in the banks
here on that date amounted to $685.
$4,000. On the same date the banks
here had total loans and discounts of
S84,365,0 900.
The total assets of Washington
banks on December 81, 1884. amount
ed to $500, ,424,000. On the same
date total demand deposits amount
ed to $137, 100000 and time deposits
totaled $96.700.000.
While this report was being COM
piled, the controllers Office issued the
call of March which revealed
sweeping gain in deposits here and
much the same conditions all over the
country. The December review by
the F. D. 1. c. covers all the figures
by States and the District of Colum-
bia separately and is most complete.
Southern Reports on Holdings.
Milbank & Co. heads the list of 20
largest Southern Railway sharehold-
ers in 1888, according to the annual
report filed with the Interstate Com
merce Commission. The firm owned
76.500 shares of common stock and
2400 of preferred. President Fairfax
Harrison received S50,000 as his an
nual salary and Vice President E. E.
Norris was paid $4,000, the report
says. The road contributed S16.113
to the support of Co-ordinator East
mans Office.
The Interstate Commerce Commits
sion has approved issuance by the
Boston & Albany r. r. of $4,000, 900
in first mortgage Az per cent bonds
to be guaranteed by the New York
Central, to be sold at not less than
9624 to the public, with 2 per cent
for commissions and selling expenses.
The Erie Railroad has asked the
I. c. c. for approval of an issuance
of 81 100000 of 4 per cent serial COL
lateral notes to secure an advance
from the P. w. A. of that amount to
be used in the purchase of rails and
track materials.
The State of Maryland Roads Com
mission has awarded to Edward B.
Smith IL Co., Alexander Brown &
Sons and two other firms on a Joint
bid Sl.236,00 3 per cent road bonds,
due 1936-1942, on their bid of 1OO.82.
Transfer Firm Names Directors.
At the last meeting of the board of
Smiths Transfer g. Storage Co., 1913
U street northwest, these officers and
directors were elected for the coming
year: Clarendon Smith, president and
treasurer; Arthur Clarendon Smith,
vice president and secretary; Mrs.
George Burchfleld, director and assist
ant cashier; Mrs. Buell. Miller, director;
Mrs. Arthur Clarendon Smith, director;
John Gaszner, sales manager, and NJ c.
Richardson, traffic manager.
A statement of the business condi-
tions showed that while the moving
end storage department had a decrease,
the Grating, rug storage and cleaning,
fur storage, fumigating and long-dis-
tance departments showed an increase
The financial set-up was reported
as the best in the history of the COM
pany. The year, 1884, ended with no
notes payable, a decrease in liabilities,
and substantial increase in bank de-
posits. There was very much of an
improvement in the payments on
storage accounts, which were audited
by Wayne Kendrick & Co., certified
public accountants.
Investment Trust Adds Stock.
A. S. Goulden g. Co., investment
firm in the Woodward Building, is
sending out the latest report on
the Massachusetts, Investors Trust.
which shows substantial gain in net
assets as of March 81. Shares out
standing numbered 1,917,473, COM
pared with 1888, ,460 at the end of
the previous quarter. Net assets for
each share were $18.07, against $3.50.
lHS ICpOIt d0SS lIloG uulli6 IiS
quarter initial purchases of common
stocks were made in the following
corporations: Amerada Corp, Amer!-
can Agricultural Chemical Co. (of
Delaware). American Cyanamid Co.,
Bulolo Gold Dredging, Ltd; General
Electric Co., Montgomery Ward &
Co., Inc; Standard Oil Co. New Jer-
sew, and Union Carbide g. Carbon
Corp.
The quarterly cash distribution
during the quarter was 81 cents per
share, the same as in the correspond
ing quarter last year. The am punt
available was % cents a share mere
than the current distribution.
Bonds Again in Demand.
Bonds took the lead again today on
the Washington Stock Exchange, trad
ing being confined to two important
issues. Washington Railway & Elec-
trio Is moved in five consecutive
$1,000 sales at 1041s, closing with 104
bib and 10412 asked.
Washington Gas SIS, 1858, figured in
six consecutive sales in 81 900 denomi-
nations, at the strong price of 105.
The closing bid on these bonds was
10412, with los asked.
American Security & Trust Co. stock
came out on the board today with a
10-share sale at 200k. Capital
Transit noted a three-share lot sale
at 1875. closing with 18 bid and 10
asked
Three Dividends Declared.
American Fire Insurance Co. direc-
tors have declared a quarterly dividend
Of So per share, payable May to
shareholders of record April "a.
Directors of the Lanston Monotype
Co. have voted the quarterly dividend
Of 81 a share, payable May 81 to stock
of record May 81.
The usual quarterly dividend of 40
cents a share has been declared on
Emerson's Bromo Seller "A" stock,
listed ON the local exchange. It will
be paid May l to holders of record
April rs.
The safe deposit section of the Dis