Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-07-18

10000 anu tIlC
five trust COM '0" De'A"0'
panies had 94,284.
Savings in the Capitals banks
aggregated s107.l74,000, against $685.
473,00O a year ago, an increase of
S7,701, 900. On June % the ma
tional banks had s43,8l2,000 in
savings deposits, savings banks
$16,628,000 and trust companies
$46,734,O0O.
Demand Deposits Also Gain.
On June 20 demand deposits ag-
gregated $226, $685. 900, against $215,-
224,0O0 on March 26 and $l74,568, 900
a year ago. The national banks
carried S14O,460,O0O, savings banks
$4,000, trust companies $69,715,-
600, the survey shows.
Time deposits, including savings,
totaled $l18,061, 900, against $110,-
10000 at the end of June last year.
Deposits of the United States Gov
eminent, including postal savings,
amounted to $1,724,0O0. Deposits of
banks with other banks totaled
S35,003,OO0.
AS noted right after the call, total
deposits in the Capital banks totaled
1884, $4,000, a new all-time peak,
compared with $323,681 900 at the
End of the fiscal year u months
ago. Of the total, the national
banks held $225,06s,O0O, savings
banks s3S,563,oOO and trust COM
panies S121,O47 900.
The controllers survey reveals a
gain of $16,878,OOO in total loans
during the past year. Loans on
real estate totaled S48,726, 900 at the
END of June, compared with SAL
6S4,OOO a year ago. At the same
time, other loans totaled $72,67l 900,
against S62,635, 900 in June, 1899.
All Groups Increase Loans.
| Loans by the national banks
totaled s56,584.O 900, by the savings
banks s26,OO8,O00 and by trust COM
panies s38,805. 0O0 AS banks exist
chiefly on the loans they make,
these figures are among the most
interesting and important in the
report.
The controller reports that Wash
ington banks are now carrying
United States Government securi-
ties amounting to $83 BOT 900, against
S80,310,000 a year ago; other bonds,
notes and debentures totaling $780,
$4,000. On June % the banks had
total investments of $l34,951 900,
against $13O,851 900 on the June,
1889, call.
Cash, balances with other banks,
including Federal Reserve balances.
and items in process of collection are
much larger than year ago, $751;
$4,000, comparing with S114,933 900,
these and other items making total
in assets of S436,837,0OO, against
$372,713, 600, or an increase during
the year of s64,124 900.
Washington banks have an aggre-
gate surplus of $17,O42, 900, undivided
profits of $9,462 900, and reserves of
$2,234 900, all of which are well ahead
of last year, the report states Capt.
tai notes and debentures showed
some payments during the year.
Common stock remained unchanged
The controller has included many
other items in his review, all of
which reveal the sound position of
the banks in the Capital.
Semi Annual Dividend Voted.
Directors of the Anacostia Build
Ing Association, 1888 Good Hope
road, have declared a semi-annual
dividend of "a per cent, it was
announced today. At the same
meeting Secretary Walter S. Hart
man reported that business in the
first six months this year was the
best since the organization was
founded. He added that the COM
pany's assets had doubled since in
surance of accounts was adopted, the
money being placed at once, making
a good return on investments.
New Bonds Offered Here.
Nearly all of Washington invest
ment houses today were offered
blocks of the Cleveland Electric
Illuminating Co.'S $4,000 issue of
first mortgage per cent bonds, due
in 1870. Two Capital firms were
among the underwriters. The bonds
were placed on the market at 1852
and accrued interest from July to
the date of delivery. Dealers here
reported an excellent demand for
the issue. They add that other
recent new issues have also met
favorable response
Heard in Financial District.
Wy pro no ~
the Washington Office of Merrill
Lynch, E. A. Pierce & Cassatt, is
taking another section of his vaca-
ton by attending the Democratic
National Convention in Chicago. He
will return Saturday
Units of the District Building and
Loan League loaned total of
$17,648,000 for home construction
and refinancing in the first five
months of this year, against $14,-
O43,000 a year ago, establishing a
new record for this period. May was
the best month when loans reached
$4.275,000.
The Chesapeake & Ohio Railway
earned S201 per share on the COM
mon stock on the first six months
of 1910. compared with only 81 cents
per share in the like period year
ago.
Trading on the Washington Stock
Exchange today was confined to
another small sale of Mergenthaler
Linotype at Is, unchanged from
other recent sales. The market
closed with Is bid and 16 asked.
Other quotations were firm.
Secretary of the Treasury Nor
genthau announced subscriptions
for 2A per cent Treasury bonds of
1886 were allotted per cent on
a straight percentage basis, with adj
justments where necessary to the
500 denomination.
Exchange Urges Changes.
Immediate revision of the securi-
ties laws as an aid to this country s
defense program is urged by the
New York Stock Exchange through
g