Evening star., 1935-07-02

Deposit Slump Expected Here.
The drop of more than s8500 600
IN aggregate deposits in Washington
had been expected by bank officials.
Bankers said today that the slump
was largely cue to the personal tax
which is due on July /. As in the
past. a good zeal of money is with
drawn from the banks during the tax
period and heic in vaults or placed
in tax-eXempt securities.
This money io soon returned to the
banks so that deposits in two weeks
from now will probably be about the
same as they were last March. very
substantial increase in the past year.
Today's call by the controller in
cluded all the national banks in the
United States. National banking laws
require the issuance of at least three
calls per yeal for condition state
ments.
While the oates are optional, one
call usually is timed as of the close
of the fiscal year in order that a
comparative history of banking may
be maintained In recent years it
also has beer the practice to issue
call as of the close of business each
calendar year. Todays call marks the
second issued thus far this year.
Another Call Also Issued.
Coincident with the controllers
fall, the Federal Deposit Insurance
Corporation issued a similar one for
the condition of all insured State
banks not members of the Federal
Reserve system. Such calls have been
sent out twice before. one for June
80 and the other for December 81,
1884 condition. The surety agency's
call affects about 1900 non-member
insured banks.
Baltimore reported today that a call
for statements of condition by State
banks and trust companies as of
June % was issued today by John J.
Ghinger State bank commissioner in
Maryland.
Mutual savings banks in the State
will make their semi-annual reports,
as required by law, on the same Gay,
he said. The call allows 10 days for
filing the reports.
Associates Honor Mrs. Hobson.
Mrs. Carrie A. Hobson, one Of the
tellers in the McLachlen Banking
Corp, retired yesterday afternoon after
80 years of continuous connection With
the bank. She concluded active serv-
ice at her own request and will now
receive a we'll deserved pension.
She was paid a special tribute by
President Lanier P. McLachlen and
other officials of the bank and pre-
sented with copy of commenda-
tory resolution passed at the last meet
ing of the board of directors. The
resolutions expressed the appreciation
of the bank officials for the splendid
service Mrs. Hobson had rendered the
bank during such a long period.
EMPLOYEES of the McLachlen Bank
presented her with purse of money
which they asked Mrs. Hobson to use
IN taking a vacation trip. One of the
Compare lively few woman tellers in
Washington, she has always displayed
unusual ability and accuracy in her
work. She was born and has always
lived in the Capital and has one son.
She will be missed by the banks pa
irons, so many of whom know her
personally.
Trading Lively on Exchange.
Trading was lively on the Washing
ton Stock Exchange again today in
both bonds and stocks. Capital Trac-
tion IS sold at 97A. the recent high
for the year. Washington Gas IS,
series B, came out at 104, while Ana
costa Il Potomac River r. r, IS
moved at 90t2.
In the stock division. Capital Tran
sit stock figured in three 1o-shsre
sales at 1872. following yesterdays
report for May showing an increase
In net earnings over May. 1884.
It was announced that beginning
next Saturday. the exchange will be
closed Saturdays during July and
August.
Bankers Back From Rutgers.
The six Washington bankers attend
ing the graduate school Of banking
at Rutgers University we're back at
their desks today and will continue
the work by correspondence during
the next year. They are Howard F.
Stokes. George M. Fisher, Ralph Endi-
colt, Nelson B. O'Neal, H. T. Bisselle
and r. Earle Haycock. All are most
enthusiastic over the work and spe-
cial lectures at Rutgers.
Norman z. Towson, assistant treas
urer in charge of the foreign depart
unent of the Washington Loan d
Trust Co., who has been away for
month on a trip to Mexico City, leav-
ing there on the day of the attempt
ed bombing of the American EN-
bassy, was back at his desk today.
The Securities and Exchange Com
mission has adopted rule under the
securities act which permits regis
trant to incorporate by reference in
its registration statement any flnan-
cial report which it has filed with
the commission as part Of previous