Evening star., 1952-04-04
DC. Banks Show Drop
In Demand Deposits
And investments
By DonoId B. Hodley

434 ,OOO, the FeQeral Reserve Bank
of Richmond disclosed today.
Demand accounts on March 26
totaled $903, SOS. 900, which was
$2,107, 900 below four weeks earlier,
but remained $76,07O,000 above
the like 1851 date. Investments
of $548, ,442 900 were down $780,
600 in the four weeks, but $41,-
772.000 above a year ago.
Total loans edged $151 ,000
higher in the week with further
drop of $524,000 in commercial
loans more than offset by gains in
real estate and brokers' loans.
The loan total of $317,314, 900 on
March 26 was $6,332 900 above
four weeks earlier and $8,721 900
above a year earlier.
Lag Behind Year Ago.
Commercial loans totaled $134,-
100000, still $279,O0O above four
weeks earlier. but $3,711, 900 be-
low the like 1851 date.
Real estate loans of $102. .493,-
900 was up 1926, 900 in the week,
$1,263, 900 higher in four weeks
and $6,255 900 above the like 1851
date. Brokers loans of $2,964 900
were up $445 900 in the week, up
$1.067, 900 in four weeks, but only
1851 900 above a year ago.
Other loans, mostly consumer
loans, totaled $75,652,O00, down
$4,000 in the week, up 1874, 900
in four weeks and $5 ,257 900 high
er than a year earlier.
Indicating general business &C
tivity here. debts to demand de-
poSits in the week ended March
Is totaled $214.208. 900, a drop of
1877 per cent from the previous
week, but only 0.8 per cent behind
the like period last year.
Good Year for Stockholders.
Book value equity of Capital
Airlines stockholders increased to
$l0.13 a share at the end of 1851,
compared with $666 year earlier
and only $3.85 at the end of 1949,
l.
elared in the annual report.
Cash balances, including Gov
ernment securities, totaled $4,026,-
400 at the year end. Long-term
debt decreased $4,634, 300 in the
year. Capitals net worth during
the year increased $4,399,912, of
which $2,335,014 was added to
capital surplus.
Earned surplus of $3.50, TAB at
the year ended contrasted with a
deficit Of $415, 1893 in this account
q year earlier.
AS previously reported, net in
come for 1851 was $1,756, 400 or
$2.25 a share VS.. $1,O66,841 or
1902 in 1850.
Eastern Profit Sets Record.
Eastern Air Lines earned rec
ord 1921 ,621 or 1902 a share in
1851 VS.. $5,257,874 or $2.19 in
1850, despite increases in ex-
penses and taxes, President Eddie
Rickenbacker declared in his an
nual report.
Record revenues Of $98, SOC, ,642
were up Is per cent, but expenses
of $78,364.562 were 13 per cent
higher.
Federal income and excess
profits taxes of $13.5 million or
1854 a share were 1877 per cent
of the net profit after taxes.
Tax Burden Illustrated.
Federal taxes paid last year by
so corporations topped the entire
budget of the Federal Government
for as recent q year as 1928, and
many Of them paid twice as much
in Federal taxes as was earned
for stockholders, the Exchange,
magazine of the New York Stock
Exchange, reported today.
The so companies paid $780,
$4,000 to the Federal Government
in 1851. The entire Federal
budget in 1928 was $3,103, 600. 900.
The corporations represent only
per cent of nearly 1,1O0 cor
porations listed on the exchange.
American Brake Shoe earned
$5.19 a share in 1851 and taxes
were $10.55 a share. The same
figures for other corporations in
cluded: Container Corp, $5.91 and
$12.65; Crucible Steel, $11.89 and
$31.51; Eaton Mfg. $5.75 and
$11.72; General Electric, $4.81 and
1856: General Motors. $3.50 and
S11.19; General Tire, SLIT and
$21.48; Minneapolis Honeywell,
$3.16 and $6.22; National Acme,
44.76 and $10.50; National NAL
leable, 1910 and 1882; Sharon
Steel. $8.O6 and $16.80; U. s. Steel,
$6.OS and $15.24.
"WhO's Who" Letters Mailed.
The Washington Board of Trade
Is sending letters to principal ex-
ecutives of all firms entitled to
be listed IN its new publication,
"Who's Who in the Washington
Board Of Trade" Distribution is
expected by July i.
Although expansion is planned
for future annual issues, the first
volume will be restricted to one
listing for each firm to be re-
presented. No individuals. except
for professional men and those
doing business in their own name,
will be listed in volume one, num-
ber one.
General Tire & Rubber Co. yes
terday opened one of the most
elaborate exhibits ever shown here
at Hotel Statler. The 2,400-
Square-foot exhibition shows what
the firm makes and how it op-
crates. There are II individual
displays and more than 100 nat
ural color photographs. The ex-
hibit will be here 18 days. Each
day has been set aside for diff
ferent groups.
Signs Radio Contract.
Phillips's Radio & Television Co
has signed a contract with Station
WWDC for sponsorship of half of
the Washington Senators Ameri-
can League baseball broadcasts
President Phil Filderman an
nnlInced Christian Hellrich Rrew-