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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 17, 1914)
TIIE 2IORXIXG OHEGOMAX, SATURDAY. JANUARY IT, 1914. 15 REPORT OF THE CONDITION OF The First National Bank STATEMENT OF CONDITION OF Security Savings and Trust Company of Portland, Oregon of Portland, Oregon STATEMENT OF CONDITION OF The Northwestern National Bank of Portland AT THE CLOSE OF BUSINESS JANUARY 13, 1914. RESOURCES Loans and Discounts ; $1,540,492.09 TT. S. Ronds 50.000.00 Other Bonds and Securities 559,864.46 Bonds Loaned 30,600.00 Furniture and Fixtures 40,000.00 Cash on Hand and Due from Banks 872,152.23 $3,093,108.78 LIABILITIES Capital Stock Paid in $ 500,000.00 Surplus and Undivided Profits 88.146.21 Reserved for Taxes 11,643.75 Bonds Borrowed , 30,600.00 Circulation . .... 49,800.00 Deposits 2,412,918.82 $3,093,108.78 STATEMENT OF CONDITION OF THE AFFILIATED Portland Trust Company of Oregon At the Close of Business January 13, 1914. RESOURCES Loans and Discounts s $ 691,980.47 Stocks and Bonds...... 151,823.87 Real Estate, Furniture 'and Fixtures 226,950.00 Cash and Due from Banks 335,627.60 $1,406,381.94 LIABILITIES Capital Stock $ 300,000.00 Surplus and Undivided Profits 109.642.05 Deposits . '. 996,739.89 $1,406,381.94 DIRECTORS OF BOTH INSTITUTIONS H. L. Pittock, Chairman ' ' Charles H. Carey A. D. Charlton J. D. Farrell Wm. D. Fenton Geo. H. Kelly F. W. Leadbetter L. B. Menefee A. S. Nichols Emery Olmstead John Twohy Combined deposits Controller's call, Jan 13, 1914. Combined deposits Controller's call, Feb. 4, 1913. Gain in deposits during past year .$3,409,658.71 . 2,570,736.51 .$ 838,922.20 Hibernia Savings Bank Of Portland, Oregon - - STATEMENT AT CLOSE OF BUSINESS JANUARY, 13, 19U RESOURCES Loans and Discounts j. ....... . $1,758,907.09 Real Estate, Furniture and Fixtures 62 251JL9 Stock and Securities 472.49 Bonds and Warrants U. S. Government 4 Bonds ...$ 55,437.50 City of Portland Improvement Bonds. 365,639.78 Other Bonds and Warrants. . . .-. v. 87,839.64: 508,916.92 Cash on Hand and Due from Banks.. 632 638 21 ' Tot1 ..$2,963,186.80 LIABILITIES Capital Stock ; $ 200,000.00 Surplus and Undivided Profits 91,323.18 Dividends Unpaid 146o!oO Due to Banks and Bankers 159.38 Savings tind Time Deposits $1,762,268.29 Demand Deposits 908,275.95 Total Deposits : , $2,670,54434 To1 ' ,........ $2,963486.80 At the Close of Business Jan. 13, 1914 t RESOURCES Loans .....$5,757,540.60 Bonds. Warrants 1,372,176.10 Real Estate None Customers' Liability, Under Letters of Credit 137,407.35 Cash and Due From Correspondents 2,402,879.67 $9,670,003.72 LIABILITIES Capital $1,000,000.00 Surplus and Undivided Profits 568.006.53 Letters of Credit 155,914.50 Reserved for Taxes . 29.940.00 Deposits 7,916,142.69 $9,670,003.72 Ckarter No. 4514 CONDENSED REPORT OP THE UNITED STATES NATIONAL BANK Of Portland, Oregon y Submitted to the Controller of the Currency At the Close of Business Jan. 13, 1914 ASSETS Loans and Discounts $ 6,453,173.01 United States Bonds at Par 1,115,000.00 Municipal and Railway Bonds 1,673,004.02 Bank Building 125,000.00 Cash in Vaults .'. $1,927,373.22 Due From Banks 2,493,755.97 4,421,129.19 To'tal $13,787,306.22 LIABILITIES Capital . : $ 1,000,000.00 Surplus .' 1,000,000.00 Undivided Profits 186,359.94 Circulation 800,000.00 Deposits 10,800,946.28 Total . . . . r $13,787,306.22 WHEAT SLUMPS OFF Free Offerings of New Austral ian Crop Cause Sag. MARKET EASY AT CLOSE Last Prices at Chicago Show Losses Ikanglng TTp to Kive-Kighths. Corn and Oats Also Work Lower. CHftAGO, Jan. 16. First supplies from he new crop In Australia came out so freely that the wheat market today under went a material Prices closed easy at ti'!ic to ,c net decline. Other supplies, too. all suffered a- loss, corn i&3sc. oats W8Se to ?.c. and provisions 2 14 to Jc. Scantiness of feeding demand, owing to Summerlike conditions, had a bearish In fluence on corn. Heavy shipments from -Argentina emphasized the weakness, and there were signs that receipts at Chicago would bo enlarged. Sellers could find only limited support for oats. Even at a liberal decline, the buying was small. Provlslous eased off with hogs and Brain. Traders virtually ignored bullish figures re gard Ing warehouse stocks on hand. The leading futures ranged as follows: WHEAT. May July May July May July Jan. Open. . .9:ii . .SS'i HlKh. .83 Lot. .92H S71. CORK. OATS. .89 .38H MESS PORK. 21.53 Bl.BS 21.52H .U3 .89 Close. .92i .894 .siH .88 ft May 51.62H 21.70 Zl.tO 21.65 LARD. May ll.SO 11.33 11.25 11.27 SHORT RIBS. May 11.62 Vj 11.82 11.5T 11.60 (Jasn prices were: Corn. Ko- X. KSrifcfile Y?n 1 whit 65e6c; No. 3 yellow, 6162& Kye No. 2, nominal; No. 3, 37 He Barlev, 50. 79c. Timothy. S.7S5.25. Clover, $11.78 gi 14.50. Baa Francisco Grain Market. s SAN FRANCISCO. Jan. 16. Spot Quota tions: Walla Walla. S1.S501.S6U- red Rus sian, S1.62 01.53 ; Turkey red, $1.85 1.57; bluestem, 1.S71.60: feed barley. i.iui-i q i-J i : brewing barley, i 1.32 40 1.3?: white oats. I1.40S1.41U: bran. X2a vt) 23.30: middlings. S30U;S1: shorts. $25025.50. Call board Barlev. weak. December SI. 19 bid, $1.19 asked: May. $1.29; January, ?JAt?i uia, l.wn asked. Puget Sound Wheat Markets. SEATTLE. Wash., Jan. 16. Wheat Blue stem. 91c: fortyfold, 86c; club, S6c; fle, S6c: red Russian, S5c Yesterday's car receipts Wheat. 3; oats, 4; barley, 10; hay. 2; flour, 13. TACOMA. Wash., Jan. 16. Wheat Blue stem. 93c: fortyfold. 87c; club and red, 860. Yesterdays car receipts Wheat. 9; oats and corn. 1. European Grain Market. LONDON. Jan. 16 Cargoes on passage, quiet but firm. English country markets steady. French country markets quiet. LIVERPOOL. Jan. 16. Wheat Spot firm, futures easy. March. 7s 2; May, 7s ld: July, 7s lVad. Minneapolis Grain Market. MINNEAPOLIS. Jan. 16. Wheat No. 1 hard. 90lKHtc; No. 1 Northern, 86 a aOe: No. 2 Northern, 84CiS8c; No. 3 wheat. 82S4c; May, 88c; July. 899i 8U)C . Metal Market. NEW YORK, Jan. 16 Lead quiet. 4.030 4.10: London, 20 Ss. Spelter easy, E. 10 3 3.30; London, 21 lis 3d. Copper Arm. Standard, spot and futures, not quoted. Electrolytic. 14.87 jj 14.50; lake, 15.00. nominal; casting. 14.0014.12. Tin firm. Spot to February. 87.00 jj 37.2: Marfh. ;7.12Vl- j"37.S7 ; April. S7.25S37.30. Antimony dull. Cookson's. 7.4j7.(10. Iron steady. Chicago Dairy Produce. CHICAGO, Jan. 16. Butter Higher. Creameries, 25 3 82 e. Eggs Lower. Keceipts, z38 eases; at mark, cases Included, 28 Sic; er dinar 7 Cbeese unchanged. GAIN IS CONTINUED Revival in Business Becomes More Apparent. CONFIDENCE IS STRONG Important Feature Is Revival or Ac tivity in Commercial faper. Iron and Steel Trade on Larger Scale. NEW YORK, Jan. 16. Dun's Review will say tomorrow: x Changes in business conditions have been mainly In the direction of Improvement, and confidence is further strengthened. The first real cold snap' of the Winter was de cidedly favorable to those branches of retail trade largely dependent upon the weather, while the demand for fuel was also acceler ated by the exceedingly low temperature. A significant feature is the revival of activity In commercial paper, merchants and manufacturers finding it possible to provide for their requirements at consider able easier terms than heretofore. Almost without exception, reports from the leading sections of the country indicate that mercantile ana industrial enterprises are being undertaken with increased vigor, and It Is gratifying that signs of improve ment nse clearly apparent In iron and steel. Failures this week number 493 in the United States, against 404 last : car, and 49 Id Canada, compared with 21 a year ago. LABOR FINDS GREATER KMP'LOYMJiNT Plants That Closed Down Over Holidays Are Resuming. NEW YORK. Jan. 16. Bradstreets . will say tomorrow: Improvement Is the keynote of this week's dispatches. Much of the betterment is sen- CONDENSED REPORT HARTMAN & THOMPSON BANKERS of Portland, Oregon At the Close of Business Jan. 13, 1914 ' RESOURCES Loans and Discounts $205,451.03 Stocks and Bonds 129,170.00 Furniture and Fixtures, Real Estate 32,200.84 Cash on Hand and Due From Banks. 113,516.82 i $48038.69 LIABILITIES Capital $100,000.00 Surplus and Undivided Profits 18,361.73 Deposits 361,976.96 V .' $480,338.69 At the Close of Business Jan. 13, 1914 RESOURCES Loans and Discounts $ 7,561,834.16 U. S. Bonds at Par .' 1,800,000.00 Other Bonds 628,832.09 Bank Premises ........................... 70,000.00 Cash and Exchange ; . ............. . 5,123,975.43 $15,184,641,68 LIABILITIES Capital Stock $ 1,500,000.00 Surplus and Undivided Profits' 1,173,509.08 Circulation 908,345.00 Deposits .. 11,602,787.60 $15484,641,68 STATEMENT OF CONDITION OF LUMBERMENS NATIONAL BANK of Portland, Oregon At the Close of Business Jan. 13, 1914 RESOURCES Loans and Discounts $3,617,870.28 U. S. Bonds to Secure Circulation , 250.000.00 U. S. Bonds to Secure Government Deposits 100,000.00 Municipal Bonds and Premiums $822,8)1.88 Other Bonds 74,869.00 897.670.S8 Furniture and Fixtures 49.205.27 Due from U. S. Treasury 12,500.00 Cash on Hand and in Banks , . 1,597,372.29 Total ". $6,524,618.72 LIABILITIES Capital $1,000,000.00 Surplus and Undivided Profits 155,701.28 j Circulation 250,000.00 j Dividends Unpaid , 0,517.50 I Deposits 5,112,399.94 Total $6,524,618.72 REPORT OP Scandinavian-American Bank At the Close of Business Jan. 13, 1914 RESOURCES Loans and Discounts $1,143,230.68 Stocks and Bonds 158,399.46 Real Estate, Furniture and Fixtures 49,517.00 Due From Other Banks 316,108.51 Cash on Hand 167,004.96 Total amount Resources $1,834,260.61 LIABILITIES Capital Stock Paid in $ 100,000.00 Surplus and Profits, Less Expenses and Taxes Paid 18,846.92' Deposits, Individuals and Banks 1,715,413.69 Total amount Liabilities $1,834,260.61 tlmental in character, but at the same time considerable of it la actual and substantial. Foremost in the budget of news is the better state of employment. Incident to the resumption of operations In plants that had closed down over the holidays, particularly In the Iron and steel Industry; the freer buying of commercial paper, with banks seeking desirable grades and reporting sup plies not equal to demand; the all-around ease In money, following months of re stricted credits and stringency and better ment In demand for Spring and beyond. Activity in wool continues, with prices hardening. Calls for Iron and steel have enlarged. Business failures for the week were 413. Wheat exports aggregate 6.713,289 bushels, against 6.12S.400 bushels last year. - Hank . Clearing's. NEW YORK. Jan. 16. Bradstreefs bank clearings report for the week ending Jan uary IS shows an aggregate of $3,481,773, 000, as against $4,037,667,000 last week and $3,777,306,000 In the corresponding week last year: Pet. Dec. New York. 11,928. 299. 009 11.6 Chicago noston Philadelphia . , St, Louis ..... Pittsburg Kansas City Pan Francisco Baltimore Cincinnati Minneapolis Los Angeles ' . Cleveland .... Detroit New Orleans . Omaha Louisville Milwaukee St, Faul 376.883.000 Iflft. 21 1.000 166.31 7.000 91.0S1.000 50.036,000 liK. 411.000 ft2.274.00O r.i.5S7.000 3S.;O8.0O(l 25.51 3.000 27.191,00 27.S57.O0O 27.032.000 27.177.000 18.977.000 17.195.000 17. 59.000 , 10,388,000 14.7 9.4 .6 14.0 2.3 14.0 19.2 10.1 9.0 2.0 .4 8.1 8.6 9. 10.0 Portland, Or. , Seattle Denver Indianapolis Salt Lake City Columbus Toledo Duluth Des Moines . . . . Spokane ...... Tacoraa Oakland San Diego .... Sacramento Ogden, Utah -. . 11,979,000 13.508.000 8. $30,000 8.740.000 7.039.OOO 7,221.000 7..133.O00 3. 613.600 5,331.000 4.926.000 2.290,000 3.S87.O00 2.B48.O00 2,093.000 750,000 4.8 8. 1K0 13.6 .3 17. 2.7 I6.' 15.3 6.4 21.0 9.2 17.6 3.1 12.6 Increase. SAJf FRANCISCO PBODIXE MARKET Prices Quoted at the Bay City for Vege tables, Fruits, Etc. SAX FRANCISCO, Jan. Its. The follow ing produce prices were current here today: Cheese New, 15fcF17 ic; Touns Amer icas, 15(3 17c. Fruits Apples, Bellflowers, $1.1591.50; Newtowns. $1.4091.75: other varieties. 60c $1.C3; Mexican limes, $3. 50 9 4. GO; pine, apples, $1.506 2.00: lemons, $2 (g 3.50. Eggs Fancy ranch. 37c; store. 8c. Butter Fancy creamery, 27c; seconds. 27c. Onions Nominal. Potatoes Oregon Burbarnts, $1.25 91.56. River Delta whites, 7.jC1.oO: Salinas Bur banks, nominal; sweets, $1.257?1.6V. Vegetables Cucumbers, $l(g2.2r; green peas. .T&Ic: string beans, 3tfl5c; egg plant. Southern. 5-8c. Receipts Flour. 8020 quarters; barley. 1325 centals; potatoes, 0305 sacks; hay, 210 tons. Duluth Unseed Market. DTJLUTH. Jar.. 16. Unseed. $1.50U : Jan ary, 1.49'.; May, $1.03H. REPORT OF THE CONDITION OF Merchants National Bank Washington and Fourth Streets, Portland, Oregon. At the Close of Business January 13, 1914. RESOURCES Loans and Discounts $2,135,730.12 United States Bonds 433,000.00 Premium on Bonds 8,480.00 Other Bonds, Stocks and Warrants S49,G1S.0 Real Estate and Mortgages 33,542.08 Furniture and Fixtures 30,750.00 Banking Premises 82,500.00 Cash and Due from Banks 1,171,605.79 $4,765,226.64 LIABILITIES Capital Stock ,$ 500,000.00 Surplus and Undivided Profits 104,141.34 National Bank Notes Outstanding 300,0fl0.00 Dividends Unpaid r 4.273.75 Deposits 3,856,811.55 $4,765,226.64 Total Deposits January 13, 1914 $3,856,811.55 Total Deposits January 13, 1913 3,368,102.69 Increase .$ 488,708.86 STATEMENT OF CONDITION OF LADD & TILTON BANK of Portland, Oregon At the Close of Business Jan. 13, 1914 RESOURCES Loans and Discounts $ 7,957,822.96 Bond3 and Stocks 3,613,630.32 Customers' Liabilities on Letters of Credit.. 101,877.15 Real Estate 60,000.00 Cash on Hand and Due From Banks 4,267,750.28 $16,001,080.71 LIABILITIES Capital Stock Fully Paid $ 1,000,000.00 Surplus and Undivided Profits 1,268,497.21 Letters of Credit 101,877.15 Reserved for Taxes 25,000.00 Deposits 13,605,706.35 $16,001,080.71 STATEMENT OF CONDITION OF THE CITIZENS BANK of Portland,' Oregon At the Close of Business Jan. 13, 1914 RESOURCES Cash and Due From Banks Loans , City of Portland Bonds Reaf Estate and Fixtures Capital Paid in . Surplus and Profits Deposits LIABILITIES . .$275,444.95 .. 406,645.36 .. 109,440.00 .. 6,554.64 $798,084.95 ...$100,000.00 . .. 18,590.59 .. 679,494.36 $798,084.95