Evening Star Newspaper, April 3, 1929, Page 14

WASHINGTON BANK GAINS ARE NOTED Savage Analysis Indicates-All| Groups Participated in Deposits Increase. ' BY EDWARD C. STONE. ' According to an analysis completed today by Audley A. P. Savage of the National Sa & Trust Co., the made a gain of $4,- ings banks trust companies participated in the increase which came as a decided surprise to many local bankers who had doubted that there ;:m;d \‘)e any ain, act, i"n.her ;!xpecled a falling off. The total dz“‘"'* Rollin A. Wilbar. banks re- ‘p‘;fllzg“ on this latest call by Controller John W. Pole shows a substantial gain over the call lsi!u‘e: :;\ll':bru::y 28, 1928, the first call issued last year. Between the calls of October 3 and December 31 last year there was a de- cline in deposits of $8,939.671.10. The increase of more than $4,000,000 on this last call shows that nearly half of this loss has now been regained. National Banks Lead Groups. o tabulation, which appears el wh'!::: in today's financial section, shows that the national banks had the largest increase in deposits of any of the three groups. ‘The gain amounted to $2,247,- 146.46 over the December 31 figures. Seven national banks reported increases and five had lighter deposits. In the advances an increase in l.hel Riggs National's deposits of $2,467- 826.76 played the largest part. The Co- Jumbia National came second in the group with a gain of $297,653.44, fol- lowed by the Federal-American, with | deposits of $199,827.73. The National apitol was next. 9 Tpodly'u analysis shows that the sav- ings bank group made the secon largest gain in deposits between the December and March calls, an advance of $962,636.02. Seventeen of the 22 savings banks in t’he cn{ re‘ll‘:omd hrm deposits. The larges crease mldm: by the Park Savings Bank, with the Mount Vernon Savings Bank a pretty close second. The Washington Mechanics was third in the list, with the Northeast Savings Bank fourth and the Security Savings & Commercial | next. The trust companies took third place in the list as a group, making a gain in deposits of $806,883.64. Five of the seven trust companies had larger de- posits than on December 31. The American Security & Trust Co. had the largest gain, with the Merchants Bank & Trust Co. second and the ‘Washington Loan & Trust a very close third. Comparison of Last Two Calls. The national banks reported a group total in deposits of $140,837,530.45, in comparison with $138,590,383.99 follow- ing the call of December 31. ‘The savings banks had deposits of $40,105,764.91 in their vaults on March 27 as against $39,143,128.89. ‘The trust companies reported a total gain of $87,256,982.50, while deposits in this group on December 31 totaled $86,450,098.86. Total deposits in all banks in Wash- ington on March 27, 1929, amounted to $268,200,277.86, against the deposit total on December 31, 1928, of $264,183,611.74. | The call of March 27 was a little later than the first call of the year usually comes. In recent years it has come more often the latter part of February or quite early in March. This time the call came after heavy withdrawals for tax payments and local bankers are naturally much pleased with the highly favorable results. ‘Wilbur Optimistic on Outlook. Optimism over the outlook for gen- eral business, with a reservation or two, was expressed by Rollin A. Wilbur, president of the Investment Bankers' Association of America, before the Southern Ohio Investment Bankers. “One reservation I would make ap- plies to the possibility of overextension in the use of credit for speculative pur- poses,” he said. “I do not think such over-extension probable, but it exists as a possibility, if we overplay our pros- perity. Good economics require that we use sound judgment in speculation and investment, that we confine our capital commitments to enterprises shown by careful investigation to be sound and constructive — enterprises which can be expected to increase com- munity buying power and,.consequently, to raise the Nation's standard of living. Mr. Wilbur said he could not recall in his experience so long a period of 924 Adams Millis(3) 30 Adv Rumiey.... Adv Rumiey pf. 3% Air Redetn (13). 101% Ajax Rubber. 8 Alaska Junes a4 Am Agricul Chm 17 AmAgriChpf.. &59% Am Bank N($3). 115 Am Beet Sugar. 16 Am Beet Sug pf. 52 Am Roseh, , 56 Am BrSh(h1.60). 52% AmBShoe pfi7). 122% Am Brown Bov. 28 Am Brown Bopf 79 Am Can (#4).... 121% Am Can pf(7)... 141% AmCar&Fdv(€). 100 AmC&Fpf(7). 117% Am Chain pf(7). 74 Am Chicle (2).. bl% Am Encaus (2).. 38% Am Express(6). 325 Am & For Pow,. 93% Am&ForPo(rts). 1% Am&ForP pf(7) 106% Amé&For Pow 2d. b Am Hide & L pf. Am Home Pr(3) Am Tee (13)..... Am Internatl $2. Am LaFr&Foam Am LaFrance pf Am Locomot(8). 117 Am Loco pf(7).. 115% Am Metals(3).. 62% Am Metals pf(#) 122 Am'Nat Gaspf 7 AmP&Lpf sta 5. AmPo&Lt pf(6)] Am Radiator(f) 177 Am Rad ctfs (5) 176 1 Am Ship & Com. Am Shipbldg(8), Am Sm&Ref(4). 109% Am S&Rpf(7). 136 Am Stl Fave(s). 67% Am Steel Fy rts. 2% Am StI Fy pf(7) 111 Am Sugar...... 2% Am Sugar pf(7). 106% d|Am Tel & Tel(9) 220 Am Tobacco(8).. 166% Am Tobac B(8). 165 Am TypeFo(8).. 144 AmWWR&EI(el), 82 Am Woolen pf.. 46% Am Writ Pa ctfs 10% Am Zine. 40% Am Zine of. . 101% Anaconda (7)... 163% Anaconda (new) 128 Anaconda (rts).. 30 Anchor Cap 2.40. 56% Andes Copr (3).. B6% Archer Danfels.. 40 Arch-Dan pfe7). 114% Armour Del pf 7 88% Armour TII(A).. 13% Armour III(B).. 7 Armour Tl pf(7) T7% Arnoid Con&Co 27 Artloom pf(7).. 98% Art Metal(1%). 28% AssoDryG(2%). &6 Asso Oil(2)..... Atchison pf(5).. Atl Coast L(110) 177% A GuIf& Wi, 49 AU Gultpf(4).. KT% Atlan Ref(11%) 59% Atlantic Refrts. 7 Atlas Pow pf(6). 100 Austin-Nichnis. 6 AusCred(4.49).. 60 Auto Sales...... 29% Auto Sales pf(3) 39% Baldwin Loc (7). 255 Bald Loco pf(7). 120 Balto & O(6).... 123 Balto & O pf(4). 78% Bambgr pf(6%). 108% Barnsdall A (2). 44% Beacon Ofl...... 23% Beech-Nut (3).. 85 Belding-Hemwy. 13% Belg N R pf(16). 81% Bast & Co(3).... 83 Bethlehm Sti(4) 104% Beth Steel pf(7) 118 Bloomingdale. 58; Brockwy Mot(4) B55% Bklyn-Man(4).. 73 BrownShoe(2%) 39 Brunswick B(3) 46% Brunswick Ter.. 28% Bucyrus(1)..... 34% Bucyrusev(2y%) 43% Burns Bros(B).. 31% Burroughs (15). 275% Bush Term(g2). 68 Bush Ter de(7).. 107 Butte Cop & Zine 7% Butte& Sup(2). 9% Butterick Co. 20% Byer & Co... 163% Byer & Co pf(7) . 105 Calif Packg (4). 74% Calif Petrolm 30 extended dullness in the bond market, | Cal except during the abnormal World War period. Federal-American Co. Reports. | list- | Cen Agulrre(2). Cent Alloy«2).. Century R pf(7). Cerro de Pas(6). 107% Certain-teed Pro 19 total resources of $1,785,- juding notes receivable, mort- loans and - ‘The company pl laces its total and reserves at $1,588,869, and | Ch! its total labilities, net worth and re- serves, at $1,785,886. Local -Securities Unchanged. Quotations on the Wi Btock Exchange were little cl from yes- terday’s prices but the market was more active. The largest volume of - was in Capital Traction, which o) 10 shares selling at 98° eall 10 and 40 share lots moved at g cent med at ity Certain-teed pf.. 49% Ches & Ohio(10) 215% € 80% i Chrysler Mot(3) City Ice (3. Cluett-Peab(s. Coea-cols (4). Coca-Cola (A)« . Coliias & Alkmn Col & Alk pf(7). ol Fuel& fron. Col Gas&El ! 56% Columbia Graph 71% Osl Carbon 14%. 131 Com Credit (2). Com Ci 1 % 68 108 103 103 8 80 3% 3% 38 1% 101% 10134 8% B 84 10 121 12t 4 B 17 v §9% 59% U 116 115 16 16 16 52 52 &2 57% b4% 65 54 52% 2% 122% 1224 : 285 26% 82% 8% 122% 118% 1% 141% 00 99 117% 117% “ 4 1% 5L 38% 38% 356 326 % 0% 1% - 1% 107 106% 93% 92 R2% 82% . 1% 29% 62 6 65 117% 114% 110% ]gg % 136 185% 68% 66 2% 1L 106% 106% 221% 217% 166% 163% 165 164 144 144 400 3Ry 101% 160% 153% 148% 128 125% 30% 29% 57 56 56% Fbw 40 39% 114% 114% 88% 88% 13% 13 198% 198% 103 103 178 171% 49% 49 57% 57 60 5:% 7 100 100 6 6 60 60 33% 29% 41 39% 261% 255 126 117% 123% 121% 8% 78 108% 108% 108% 28% 234 85% 13% 13% 81% 81% 8i% 83% 83 831 108% 103% 105% 119 118 118% 60% 58 80 6% 6% 6% 182 180 180 89 8 88 28% 27 34% 3354 43t 43% 31t 3l 275% 275% 67% 68 108% 107 % 144% 1600 A Cuyamel Fruit.. 7% 774 Davison Chem.. 65 Bf% DeerexCof(7). 122% 1223% Rayn(13). 6% Dismond M (8)." 130 6% 134 Dome Mimest1). 9§ Duplan Silk (1). Dupont de N(4). 181 Du Pont deb(8). 117% 117% Durbam Hos.... 6% 6% Eastman (18)... 177 117 Eastman pri7).. 126% 126% Baten Axle (3)., 64 64 i1 ).. 334 383% Elec AutoL t4 143% 142 Blec Au L pf(7) Electris Boat ElecPow&Ltt1). Elec PELLpf(7) Blec Stor B'(8) Kquit .l‘ll’)’, EquitableTr(12 ErfeRR.. . EvansAu L £2%. Exchange(1%). Feirbankaed) L Fo FedL&Trac pf 6. Fed Mot T+ Fidelity-Pb $%)... Fliene's pr(63). First N P 1st(8) FirstNatSi1%). Fisk Rubber. Fisk Rubber rts. Fleisshman 133 Florsheim (A).. Follansbee 134 . Fox FHim A(4 Freeport T (4. Cabdle Gen Cigars(é). . Gen Electrie 16. . GenKleo sp(60c) Gen G&EI A'1%. Gen Gas pf A7) GenG& El A(3) Gen G&EIB 1%. Gen Gas pt B(7) Gen Ice Crm(3). Gen Mills (3) Gen Milla pf (6) Gen Motors (3). Gen Mot pf(7)., GenOutdrad(2). Gen Outdr Ad(4) Gen gy Stz(6). . G . Glidden (1% Glidden pr p£(7) Gobel (Adolph). Gold Dust (new) Gold Dust pt (§) Goodrich(4).. .. Goedrich (rts). Goodyear Tire. . Goodyr 18t pf(7) Gotham H (2%) Gothm nv(23%) 1 GrNorOrefs33%. Grt Wno Sug 3.8 % | Grt Wn Su pt(7 1 GreenBay&W (5) Greene Cana($). Guantanamo Su. Gulf Mo & Nor.. Guif Stat 8ti(4). Hacknsk W(1%) OR! Howe Sound(4). Hud Man(2%).. Hudson Mot(5). Hupp Mot (£2 Illnots Cen(7). Ind O & Gas (2) Ingersoll-R(16) Inland St1 (3%). In: L v C(. spiratibn C(4) lnterboroRapTr. InterconRubber. 14 [nternat Agri. .. % 107% 106% 105% 19 19 19 49% 49% 49% 216 215 215 80% 79% T9% 14% 1% 1% 54 Inti Bus Ma'(§). lnt Com Eng¢2). int Comb pr(7). Int Harv (2%) Inc Mteh pt 3. Int Mer-Jdarjne. Int-Mer Mar pf.. Int Nick,Can 808 10t Paper(2.49) Int PakPoA3. pr int Papr & PoC. Int Pa&Po pe(7) Int Ry CA pf(6). 173% Int Tel & Tel(8). 269 Inter Dept 8(2).. Jolns-Manvis). Jones&Lau pf 7. Joiden MOtor. .. Kan City Sou(s) 9% | Kan C So.pt(s) Kayser J (5. th-Albee. K Km.B!!l’ % | Kels Wh pf( : Kr”fimp‘. 73 - §euygEenEatynes | speserinyatess 3 = - Kendall pf (§) . Kennecott(4)... 0% 81% 102% 8% 33% . 49% 115 . t8., 184 g3z L S ger & Toll. 37% Basene m 8% 28 3 saegSast % 146% 60 % 5d% 1224 Man Elev gtd(7) Man £ ) 22% | Mair-Roek (14). Marmon Mot(4). Martin-Parry, v¢ Mathieson($)... 1 lifeson pf(7) May Dépt 8(4).. % | Maytag (13) Maytag pf (3) Maytag ist pf 6. Melvie Shoe 1.40 Mid-Cont P(2) Middle States. Mid States ct Midland pfi 112 Mo Kan & Tes... Mo K&Tex pt17) Missourt Pacific -Mo Pacific (rts). MoPacific pf(5. Mohwk Cur 2% Mont Ward 2% Moon Motor. lhth‘r’l; (‘c?) . Motion Pie 5 Motor Meter Ar?. Mullins pf (7) Murray Corp, . Nash Motors(§. Acme (1), B Ht H Riscuitet?) Nat Cash Reg 14 Nat'Dairy (33).. Nat Dept Stores, Nat D St 1st(7). Nat Distiliers. .. Nat Enamlg (1). g Nat Lesd(b).. Nat Lead pfA(7) Supply(18). Supply pf 7. NY NH&H pf(7) N Y Ont&Westn. Norfolk Sou 2% . Norf & Wn(110) NorAm bl0 % stk North Am pf(3’ NorAm Ed pt(1) No Ger Lid 3.41. Nortn Pac(§). Nor Pac cfs( Northwn Tel(3. Norwalk Tire,,. 011 Well Suppl. Ofl Well 8 pt. Qumnib Oppenhm! Otis Steel. Owens Bot. Pacific Gas (2) 90% | Pac Ligh Pacific Mil Pac OH Stul Pac Tel & Tel(7) Packard (13%).. Pan-Am Petroim Pan-Amer Pet B Panhandle. Paramount-F- Pena Dix! t., Penn R R(3%).. People’s Gas(8). Pere M prior(§). Phila Co pf(3).. Phlla&RC&1. Phila&R C&Irts Phillips-Jon(3).. Phil Morris(1).. Phillips P (1%). O8 . | Por RicoToA(T). PortoRieoTobB. Postal T&C ot 7. Postumi$)...,. Prairie Oll&Gas. Prairie PL t3% Pressed St1 Pure Of1 (1).. Pure Ol pf(8). Rurity Baking Radio Corpn.: Remingtnist(7). Reo Mot (11).ven Repl & 8w).. % | Reynolas Sprgs. Reynlds (B)2.40. RhineWE(1.92). 9% | Richfield Oi1 (2). RioGrande Oll 2. Royal Bak Pt1). 9% Royal D(a1.33¢) Safeway (3).... StL & San Fri 1 StL&SanF pf(8) StL&Southwest. 1 Savage Arma(s) Schulte (h3%).. Seab Alr Line. Seab AlrL. fl'\..)- incl A Skelly O11(3).. .. SoPoR But3%. ‘Sotith Cal Ed (2) Bd(rts). | Pac(8) B e 9% bbeltl?fl-‘?l!” compared Received by Private Wire Symington. Symington C) A, utogrph(1). 1 21% TIAWASOIIpL(6: 87% TidewatrO(80c). . 33% Tide W O1l pf(6) 931 TimkenRB (3), 9% Lo (14 17% Thbacco Prod(A). 20% Lranscontun. .. TruaxTraer 1.60 Truscon 8 31,2 48 TwinCityRT(4)., 46% % Twin City pf(7). 99 Unawd-E1 F (4) 109% 109% 105% Union Carb(8),. 217 219% 2144 UnONCal3)... 51% 51% b50% . 216 216% 214% Un Faelfic pf(4) 81% Uniton Tank(5),, 136 Utd Biscuit 1.60. 43 utd Cigar 8t(1). Utd Dyew pf(7). Utd Kiec Coas. .. Utd Fruit (c4).. Utd Paperboard. USCastlr P(2). US CIP 13t 1.20, U 8 Distributing U S Distrib pt(17) 8 Lxpre Hoftman(4). Aleohol (8). IndAlcopf(7) Leather.... Leathr A(4) Lea pr pt(7) Realty(¢) Rubbs cceaceacgaca wunmnretBnk 184 179% 1;296 N:'a 2 92 Univ Pipe & Rad 16% Util PAL A(e2). 390 9% 0). Ward Baking (A, Ward Baking B., V‘xnfl Bak pf(7). Qu(z).. Warner Qu(rts) Warrn Bros (16) Warren 1st pf(3) Warren F&Fipe. Webster-Eis rts. Wesson Ol (2).. Wesson O pf (4) W Penn El pt (6) W Penn Ei pf(7) West P Po(6)... West P Po pf(7) West Dairy B... White SM pt(4). Wilcox Oll & G.. Wilcox (A) 2%.. Wilcox Rich B, Willys Ov c1.20. Wilson & Co WilsonCo pf A. Woolworth (6).. Wortlin Pump. 48% 484 Wright Aero(2). 260 248 le&Towne(4). 664 19% 194 204% 196% 565 . 126 127 126% Sales on N. ¥, Market. 10:30 am.. 606,600 12m... 1,826,900 1;30 p.m. 6,263,700 2:15 p.m 3,118,600 iven in the above tadle By the Associated Press. Steel ingot production is reported per cent of capacity with 9412 per cent a week lgtnd 94.2 per ceni two weeks ago. T com) reports of March ufiom;:- bile production show record m:tpnt 02% | substantial increases for the month. fnflkfl‘d STOSIREGULAR AFTER EARLY GAIN List Sells Off When Pressure | Is Directed Against Oil il situation. ‘Money held at 10 per cent until near the umye when the ’:c'um figure _was up over 4 o e .m(klnmd States Steel came down thetically. Copper n&nm: the exception of unusually lath than o asiriats, bt hey were mot actve. TREASURY CERTIFICATES. (Reportea by J. & W. Seligman & Co.) FOREIGN EXCHANGE. (Quotations furnished by W. B. Hibbs & Co.) SHORT-TERM SECURITIES. (Reported by J & W. Seligman & Co.) . Ofer. 1937..... 98 Y ARG ST amer, o5, i6é3 10835 10152 . 9 lr‘a s323828E AR FLE ERSacs 2382388828288 red by first deed of it on real estate. v terest comm| Joseph I Weller i ok & & Fras GUARANTEED 6% - FIRST TRUST NOTES Homes in_North- e e dhiaton o Geunied by Owners. CAFRITZ Main LEHMAN'S TIRE SHOP 12th & K NW., a0t First Mortgage and Construction Loan _Applications Invited at 5%% .”G.ltrw\}.“cr&’ Elatber_ - 1508 H St. N.W. - ‘Complete - EquitableC o-op’eiafibé&iilding Assn PO, IORBE, . .~ &anhsmmuafifi;nw Think of the Future By Saving Now Lay the foundation mow for Gmancial independence by saving systematically in the Equitable. You'll find owr.plas of tremendous help in accumulating money. Stop ‘in and let us tell you about it. $2.50 Pe: Share 915 F St. N.W. 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