Evening star., 1940-10-17
D. T.. Bank Officials
Believe Deposits
Al Another Peak
Controller of Currency
Often Issues Condition
Coll ct This Time
Ry EDWARD c. STONE.

IN washington are wondering II lIle
controller of the currency is going
to issue a bank call at this time.
As only three calls a year are re-
ouired, the controller is not obliged
to issue a call at this time.
The controller of the currency has
charge of all national banks in the
country and all banks in the Dis
trict of Columbia The periodic calls
ask for the condition of these banks
on a date which for obvious reasons
Is never announced in advance.
Last year the call was dated Octo-
ber 2. In 1898 the controller dated
the call as early as September Is.
In some other recent years the fall
call was omitted entirely. Rarely
has a call been issued late in Oc-
tober, bankers point out.
Should Controller Preston Delano
issue a call in the near future, bank
ers believe total deposits in the Cap
ital would be the hiehest on record.
In the financial district today it
was estimated that total deposits
are now in the vicinity Of $400,000,-
600.
On June 90. 1910. deposits in the
Capital totaled S364,676 sos .33. an
all-time peak. and a gain of $50 $685.
27304 during the previous y months.
1t was stated today that deposits in
Washingtons % active banks have
been mounting steadily since June.
On October 2, 1889, deposits in
the same banks totaled S354,955,-
71017.
Dulin Joins Stock Exchange.
James c. Dulin, jr., for many years
treasurer of the American Security
& Trust Co. and now a practiCing
attorney with Offices in the HibbS
Building, W2s elected TO member
snip in the Washington Stock EX-
change today.
Mr.. Dulin is widely known in the
financial district through his long
connection with the trust company.
He is now making a speciality of
handling estates and dealing with
tax problems. He has served on
many committees OF the District
Bankers Association and has taken
much interest in civic affairs. He
has been a member of the District
Bar ever since graduation from law
school.
On the exchange today Washing
ton Gas Light common sold at 2434,
Capital Traction IS at 1882 and Po-
tomac Electric Power 6 per cent
preferred at l1512.
Washington Gas preferred came
out at l05 and Riggs National Bank
common stock appeared on the
board again at 275. 1t was an un-
usually lively session.
Loan Election Next Tuesday.
F. Wilson Camp, secretary of the
District Building and Loan League,
announced today that the annual
election of officers Of the league will
take place next Tuesday evening at
the Raleigh Hotel, following dinner.
The program also calls for an ad-
dress by DR.. Elmer Louis Kayser,
George Washington University
dean, on After the War-What?"
DR.. Kayser is a very close student
of world affairs.
William n Payne, jr., is president
of the League. Building and loan
leaders TODAY predicted his re-
election without opposition. The
past year has been one of the asso-
cations best, the various members
reporting steady growth.
Commercial Loans Expanding.
The Federal Reserve Board re-
ported today that commercial loans
in leading cities of the country con-
tinued to increase during the four
weeks ending October 9, rejecting
in part seasonal demands.
Holdings of United States Gov
ernment obligations decreased fur
ther, with the result that total loans
and investments of the banks
showed little change in that period.
Prices of United States Govern
ment securities in the first week in
October advanced close to the high
level of the year reached early in
April.
Awards for private residential
building showed little change from
recent high levels, the monthly re-
view stated.
Brokers Laud Advertising.
1t will be recalled that the New
York Stock Exchange firm of Mer-
rill Lynch, E. A. Pierce & Cassatt
launched a special advertising cam
paign last April shortly after the
three firms merged. The Washing
ton office, Thomas w. Brahany,
manager, reported TODAY that the
drive had been unusually successful.
Reports from the New York Office
state that since last May 1856 new
accounts have been opened, being
spread among the firms 38 Offices.
This is largely new business, as very
few accounts were known to have
come from other firms.
The special advertising has ap-
peared at a time when trading on
the New York exchange was at a
low ebb, the market being almost
entirely dominated by world war
conditions. This makes the broker
age firms officials especially pleased
with the results.
A. B. A. Adds 720 Banks.
An increase of 720 in the men,
bership of the American Bankers
Association in the year ended Au-
gust 81, bringing the total TO 14203,
is reported by Dunlap G. Clark,
chairman of the association Com
mittee on Membership and presi-
dent of the American National Bank
at Kalamazoo, Mich. The new total
is the largest since 1882, when there
were 15,493 members, but there were
then 22,592 eligible banks, as against
l7,108 now.
One monopoly of the Govern
ment is profitable, says the United
States. In the last fiscal year the
cost of running the minis was ST.
$4,000. and the revenues of the
mints were $3O.2680OO. The reve-
nues were made up of handling