Evening star., 1940-12-26
Capital Banks Grant
1851 Loans in Half
Year for S99,627,965
Virginia and Maryland
Also Extend Credit
In Striking Amounts
BY EDWARD C. STONE.

falling 100000 to business firms
and individuals during the first six
months of 1910, according to the
semi-annual survey of bank lend
ing activity made by the American
Bankers Association.
The survey was participated in by
10, or 90.5 per cent of the 81 COM
mercial banks in the District.
These banks reported that be-
tween January and June 80 they
made 42,328 new loans totaling
S46,204,771; granted 45,165 renew
ais totaling S45,885 ,493, and 1893
new mortgage loans for a total of
$7,457,701, making a grand total
of 1881 loans for $99, ,627 ,965.
The survey showed that business
firms in the District used only
half of the confirmed open lines
of credit maintained for their use
on the books of banks. Eight banks
reported that they carried on their
books $20,005,750 in open line of
credit" offered to and kept avail
able for regular borrowers for use
as needed by them. Of this amount
$9,724,772 or 48.6 per cent was used.
The average number of new loans
made per bank during the six
month period under review was
1928 and the average size of loan
was $1093. The average number
of loans renewed per bank was
2.377 and the average renewal was
for S1,0l6. The average number
of new mortgage loans made per
bank was SIS and the aver new mort
gage made was for $7,185.
The District of Columbia survey
was part of a national survey
For the country as whole 6,203
banks, or 43.3 per cent of the Ma
tion's commercial banks reported
that they made a total of 1862
673 credit transactions amounting
to $20,953,584,028 for the first half
of the year
Virginia Loans, S306.686,193
Thlrty-four per cent of Virginia's
CONNER cial banks made more than
$4,000 loans totaling S3O6, 900 900
to business firms and individuals
throughout the State during the
first six months of 1910. The survey
was participated in by 108 Vir-
ginia banks, or 34.3 per cent of the
315 commercial banks in the State.
These 108 banks reported that
they made 98224 new loans totaling
S74837,619 291. 1872 renewals of
loans totaling S225, ,790046; 1000 new
mortgage loans totaling S6058,528 a
grand total of 1872, ,106 for S3O6 $685.
1893
The average number of new loans
made per bank was 909 and the
average size of loan was S762; aver
age number of loans renewed per
bank was 2,702 and the average
renewal was for STA while the
average number of new mortgage
loans made per bank was 10 and the
average new mortgage made was for
$2,899.
Maryland Loans, $165,218,944.
Fifty-two per cent of Marylands
commercial banks made more than
$4,000 loans totaling $165 900 900 to
business firms and individuals
throughout the State during the
first six months of 1910. The survey
was participated in by SO Maryland
banks, or 525 per cent of the COM
mercial banks in the State.
These SO banks reported that they
made 1858 new loans totahng
e55 7on 5od. OF ooc ro,,,r,,1. &c 11..
totaling s104, ,554, 1878; 1,243 new mort
gage loans totaling $4,883,48 a
grand total of 134,732 for $685.
218,944.
The average number of new loans
made per bank during the six
months was 382 and the average
size of loan was S1,569; average
number of loans renewed per bank
was 1,053 and the average renewal
was for S1,068; while the average
number of new mortgage loans
made per bank was 13 and the aver
age new mortgage made was for
s3,929, the survey showed.
B. e. o. November Net of.
Net operating income of the Bal
tinlore d Ohio R. R. in November
was slightly lower than a year ago,
S3,321 ,470, comparing with s3.423.-
282, drop of $101,812.
Today's report stated that freight
revenues amounted to Sl5,339.944, a
decrease of s716,985. Passenger, mail
and express incomes were higher.
Operating expenses were reduced
during the month by s360,295.
Net railway operating income in
the first II months of this year
also reported today, totaled $27 ,s01,-
780 against $24,049 $50 a year ago
an increase of $3,751 300. In the II
months freight revenues recorded a
gain of $16,514,464, reaching s144,-
685 ,226. Passenger revenues de-
creased by s315,6S7.
Months Contracts Climb.
The highly encouraging situation
OF private leadership is clearly evil
denced in the 1910 construction ac-
tivities throughout the Washington
metropolitan area. Contracts for
work and materials reveal a favor
able margin of more than $42 500, ,000
for private ownership over public
according to Henry A. Johns, federal
news manager of Dodge Reports.
The total valuation of construction
contracts for privately owned pro-
jects reached $72,27l, 900 during the
first II months. A year ago the
total was $72,230000 and in 1898 it
was $52145,0 900.
Most recently, November contracts
Tor all types of privately owned prof.
ects totaled s6,463,0 900, IA per cent
above the total in November, 1899
Construction projects in the
Washington metropolitan area
owned by the Federal, State and
local governments accounted for
contracts valued at $29, 5000 dur
ing the II months of this year. The
corresponding 1889 total was $42.-
028y000 and in 1888 it was SIC, 1858 900
November contracts were placed at
$3,215,000 in the Dodge Reports
summary, gain of 156 per cent over