Evening star., 1939-11-20

were better than in 1888, the COM
parsons by months being as follows:
Month. 1899. 1888.
January $685. 63,667,18O 60,628,513
February --- 60,461 ,416 57,871 1893
March --- 61,185,770 57,259,643
April ----- 61,693,187 57,O93,290
May --- 62,5S5,972 57,2O6,36
June --- 67,298,425 59,018,524
July -- 68,06l ,649 $685. ,228
August --- 71,527,6 $685. 500
September ---- 81 1865 ,498 81 1893 800
october --- 67,039,748 60,087 ,584
Assets and Deposits Rise.
The controller of the currency re-
ports that total assets stood at S73,-
COL 100000 for all banks in the
United States on June 30, 1899, COM
pared with $70,833 $4,000 on De-
cember 81 and $68, PIT, ,707 900 on June
80 last year Banks had total liza
bilities of S65,307,1 ,112000 and total
capital accounts of $8294,208, 900 on
June 80 this year. the controllers
report showed, while on December
81 liabilities totaled S62,624 ,671 900
and capital accounts totaled $8,208,-
$4,000. On June 80, 1898, banks re-
ported liabilities of S6O,O95, ,738 900
and capital accounts of So, 181 1863 900.
Demand deposits increased from
$22 Oil $4,000 on June 80 last year
to S24,46O.659,0OO on December 81
and S25 668. .845.OOO at the end of
June this year, while time deposits
mounted at a slower pace They
were reported as S24,658, ,O82 900 on
June 80, 1888, compared with $24.-
731 ,208 900 on December 81 and with
$25,137 ,529 900 on June 30, 1889
Total deposits grew from S59.379,-
$4,000 June last year to SCI. GOT .761,-
600 in December and $64576, ,694 900
In June this year
Stock Sales in Sharp Rise.
The demand for the new Julius
Garfnckel & Co. common stock has
risen rapidly since the recent dec
laration of the initial dividend of
17l2 cents per share which will be
paid December Is to shareholders
of record December S, it was learned
in the financial district today.
During the first two days after
the dividend was declared, half of
the remaining unsold stock was sub
scribed and the demand for the stock
has been lively since that time. The
preferred stock was all sold on the
first day the issues were offered to
the public.
The regular quarterly dividend of
IL per cent will be paid on Deem
Der 81 to shareholders of record De-
cember Is. The 3712 cent disburse-
ment was declared at the same time
the payment was voted on the COM
mon.
The 1712 cent dividend on the
common is equivalent to a 7 per
cent yield if similar action is taken
by the directors every quarter. Such
declaration is contingent on earn
lngs, which are reported as highly
satisfactory.
Christmas Club Checks Ready.
Bank officers reported today that
most of the checks for the payment
OF Christmas Savings Club funds to
members have now been drawn and
will be distributed within the next
10 or IS days
AS announced by President Ord
Preston of the District Bankers
Association early this month. the
savings clubs will distribute between
s4,50o,000 and S5,OoO,OOO this year to
approximately 10000 members.
1t was announced Saturday that
approximately S79,500 more funds
will be distributed by nearby Vir-
ginia banks than was the case last
year. A total of 1852 500 will be
paid out by Arlington County and
alexandria banks which have the
Christmas Savings Club plan.
Many suburban banks in Marv-
land are also making ready for large
disbursements in the near future
suburban increases in population
are said to have been a vital factor
IN the growth of Christmas savings
popularity during 1899.
Transit Stock Sells at Is.
Capital Transit stock climbed I'D
TO 10 again today on the Washing
ton Exchange on single sale of
100 shares. Many of the recent
safes nave been in 100 and so share
lots. The stock had closed Satur-
day at 147s after a long series of
fractional gains in recent sessions,
The final bid today was Is with 16
asked.
Mergenthaler Linotype stock also
appeared on the board today, 40
shares changing hands at 1872. up
an eighth from last weeks close.
The last bid today was 15h4, offered
at 16.
Capital Traction SIS were strong,
with a $1,000 transfer at 96, around
the recently improved levels.
Heard in Financial District.
Along with the New York Stock
Exchange and many other ex-
changes, the Washington Exchange
will be closed next Thursday, for
observance of Thanksgiving Day.
William D. Hoover, chairman of
the board of the National Savings g.
Trust Co., will spend Thanksgiving
with relatives at Huntington, w. Va.
Directors of General Electric Co.
declared dividend of IS cents for
the fourth quarter based upon an
estimate of the company's net in
come for the year. The dividend is
payable December 20 to stock of rec
ord November "a and brings total
payments for the year to 81 40 a
share, against 80 cents for 1898.
Just a few days before the Chicago
Reserve Bank celebrated its 25th
anniversary on November 16 the
total resources of the institution
passed the three billion mark for
the first time in its history. The
weekly statement revealed total as
sets Of 5000, ,00o, 900, compared with
$63,553, 900 at the end of 1915.