Evening star., 1941-01-03
Total -------------S S419876, 1862
Other Calls Also Issued.

Other Calls Also Issued.
The Federal Reserve Board and
the Federal Deposit Insurance Corp.
issued similar calls, bringing the
total number Of banks affected to
1852.
They included 5.l58 national banks,
1915 State banks belonging to the
Federal Reserve system, and 7,039
other banks insured by the F. D. &c.
The three bank supervisory
agencies join in such condition re-
quests only twice a year, at the be-
ginning and middle of the year. al
though the controller of the cur
rency and the Federal Reserve Board
sometimes issue such calls as many
as four times a year.
Many State bank calls we're also
issued today, including West Vir-
ginia.
Washington banks face further
problem in putting to work the
sharp increase in deposits. Just now
the banks in the city are making
special drive to obtain national de-
fense loans and are already using
some of their extra funds in this way.
Fleming Lauds Reserve Steps.
"In general I consider the Federal
Reserve Boards credit control pro-
posals constructive" said Robert ".
Fleming president of the Riggs Ma
tional Bank and former president
of the American Bankers Associa-
ton, when asked for his views on
the fve-point program.
The Washington banker said he
would not care to make further
comment on the Federal Reserve
Boards request for increased pow
ers until he had read the report
In every detail and given it eX-
tremely careful study. You know
monetary and credit controls are
matters which cannot be comment
ed upon superflcially,' Mr.. Fleming
added.
Just now Mr.. Fleming is giving
a great deal of his time to plans
for the presidential Inauguration,
as he is chairman of the Finance
Committee.
The Reserve System report pro-
posed stiffer and wider controls
over reserve requirements, termina-
ton of the Presidents authority to
devalue the dollar and the power
to issue 'greenbacks" repeal of the
power to monetiZe foreign silver
and the authority to issue silver
certificates, curb on sale of Gov
ernment securities to banks and
new tax policy.
Traction Bonds Open 1941.
Capital Traction first IS were the
first issue that opened trading on
the Washington Stock Exchange in
1941.
The bonds figured in a $1,000 sale
at 104t. against the final transfer
in 1910 at 104",.
These bonds were by far the most
active issue on the exchange in the
wear Just ended. The turnover
reached $3.50 900.
Traction bonds opened 1910 at
96l2. dropped to 97a.. advanced to
106 and closed at 10434 1t will be
noted that the first sale in 1941 was
not far from the 1910 high mark.
Next to these bonds in popularity
in 1910 we're Washington Gas Light
SIS, which closed the year at 1907,
against a high for the year of 1919
Business picked up on the Wash
ington Stock Exchange today. Seven
consecutive 1000 transfers in Cap
ital Traction SIS were recorded at
104il.
Washington Gas Light preferred
appeared on the board for the first
time this year, five shares selling
at 1861. up Il.
Wilkins Dividends Declared.
The directors OF the John H.
Wilkins Co. have declared a per
cent semi-annual dividend on the
outstanding preferred stock and a
dividend of S150 per share on the
outstanding common stock, both
dividends being payable on jan
uary Is, 1941.
Thomas j. Groom, president of
the Bank of Commerce & Savings,
is on short visit to his old home
in Mobile, Ala.
William D. Hoover, chairman of
the board of the National Savings
& Trust Co., passed the holidays
with relatives III West Virginia.
Ralph Cipriano, with the New
York Life Insurance Co. for IA years
led the Washington office in new
business obtained in 1910, Agency
Director Earle D. KreWson an