Evening star., 1941-04-01
Still Higher Record
In Capital Deposits
Is Indicated
Gain of More Than
S., 900, 900 Since End
Of le40 Reported
BY EDWARD C. STONE.

tllSIUly VI Gllc SdpIIdl, CUllo4uCI dUlJ
more than $5,OOO00O higher than
on December 81, 1910, according to
an unofficial survey made in the
banking district today.
Deposits in Washington banks on
December 81 totaled S419,691 ,889 81,
which at that time was the highest
total on record. That was gain
OF $58,1525651 over total deposits
Of 1851 ,53e ,32446 a year earlier and
an increase of S35,015,384.29 over
deposits of 1884 676, sos 33 last June.
It is customary for the Controller
of the Currency to issue call for
the condition of all national banks
in the country and all banks in the
District of Columbia around the end
of the first quarter of the year. The
call sometimes comes at the end
of March and in other years in April.
Bankers said today that in case a
call should be issued in the near
future, Washington banks would re-
port a gain over the December call
of somewhere between S5 900 900 and
$8,O000O0. These figures are only
8 rough estimate and might run
higher.
Gains Since December.
Bank deposits in Washington have
been climbing slowly since the
December CALL 1t was said today.
Should a call be dated in April,
the reports would include today's
Government payday, That would
mean a good deal more money in
the banks than was the case near
the end of March
New York bankers report that
money is constantly arriving from
abroad on account of conditions due
to war, this situation being an i'm
portant element in growing deposits
In the money centers. 1t was said
here today that some Of these funds
have found their way into WASH
tngton banks and are contribu-
ting factor in the new deposit peak.
Check activity in Capital banks
was brought into the limelight yes
terday by the new all-time March
bank clearingS record.
Freight Shipments AnalyZed.
Terming less-carload freight "the
daily bread of the American COM
munity," the Pennsylvania Railroad
has issued for shippers an illus
trated pamphlet entitled "Mer-
chandise Facts"
Every day, the pamphlet states,
the Pennsylvania Railroad provides
direct movement for less-carload
merchandise over 2,575 routes with
out intermediate rehandling. The
average shipment weighs 462 pounds.
Less-carload freight consists of
merchandise of every type, shape
and description, from acornS to an
chors, from zebras to zithers." 1t
produces 10 per cent of the Penn
sylvania's freight revenue and in
1899 yielded $33, 100000. The analy-
sis shows 429 per cent carried with
In q 300-mile zone and ST. beyond.
Home Financing Expands.
S1Odl1 4l4lo11Ill1S Ill y
land by all types of mortgage lend
ers in the first two months of 1941
amounted to S9,444,000, with 1876
mortgages on homes being recorded,
1t was announced today by econo-
mistS of the Federal Home Loan
Bank Board. These figures compare
with 2,919 mortgages amounting to
s7,552,000 in January and February
of 1910.
Agents Like Equitable Plan.
David S. Bethune, Washington
agency manager for the Equitable
Life Assurance Society, reported to-
day that agents here are much
pleased with the company's new
compensation and retirement plan
AS noted elsewhere in The Star,
commissions are to be spread over
the premium paying life of policies.
The plan is expected to keep up the
agents interest in the policyholder
over a much longer period than
under the present plan. Agents may
use either the new or old plans, Mr..
Bethune said.
Realty Bond Prices Higher.
The average price of real estate
bonds again showed an increase in
the month of March, according to
the Amott-Baker Realty Bond Price
Average. The increase for the month
was 81 per cent, which is the largest
for any similar period since last fall,
and the advance makes March the
ninth consecutive month in which
prices of this type of security have
increased.
At the present time the average
price is $293 per $1,000 which is 43
per cent over the 1910 close. Several
Washington issues are among the
200 on which the averages are based.
Apartment hotel bonds made the
best showing in the first three
months of 1941, with an average in
crease of TT per cent over 1910.
District Firm Honored.
The A. P. Woodson Co., 1913 H
street NV, has been awarded
silver plaque by the Delco appliance
division of General Motors in honor
of the firms 1910 sales record.
H. w. EriSman, T. R. Byrley, S. G.
Belfeld and George B. Mullin, jr.. all
of this company, were also cited for
high individual records, and were
awarded diamond and gold pins for
their achievements.
Heard in Financial District.
John D. Marsh, president of the
District of Columbia Life Under
writer's Association, will be guest
speaker at the April meeting of the
cashiers section on Thursday at the
jackson Place Coffee Shop.
The Federal Reserve Board and
the Federal Deposit Insurance Corp.
are said to have protested to the
Treasury over yesterdays request for
bond information from 5000 banks.
According to these agencies, the in
formation is already being submitted
to the proper authorities. These
agencies feel that the additional ex-
pense should be avoided.
Potomac Electric Power per cent
preferred stock sold at 116& and
1851 on the Washington Stock Ex-