MOUSING OITEGOXIAX, SATURDAY. JTFLY 4,
1914. --
TTTTC
1 1
DULL BUI STRONG
Stock Market Closes
Good Undertone.
With
SUBSTANTIAL GAINS MADE
Crowing Realization of Influence
on Business of Country's Bumper
Crops Foreign Financial
Situation Better.
KETW YORK, July 8. The courso of the
ltock m.rk.l wa dull but lairly etrong.
blocks opened with substantial gains for
most of the peculatlve favorites In the
final dealings, the market relapsed Into Ui
recent dull state, but closed with a firm
undertone. , fc
Almost the only new financing of the
local market during the week was the sale
to a banking syndicate of the $20,000,000 of
Northern Pacific Railway bonds recently Is
sued by the directors.
Forecasts of the bank statement were not
very wide of the market, the actual cash
loes. due primarily to mid-year payments
of Interest and dividends, aggregating
slightly more than J7,000.000 with a de
crease in reserves of $2O,78S,J0O. These con.
ditlons are likely to be largely corrected In
another week's time.
Bonds were steady, with limited move
ments In many Issues which have recently
fluctuated widely. Total sales, par value,
(1 893 000. Panama coupons 3s advanced
per cent on call during the week.
There la a sense of relief In stock market
circles over the passing of the dullest June,
as to volume of business. In 20 years. Bonds
were In better demand at higher levels, due
to activity in a few low-grade Issues af
fected by reorganization and to reinvest
ment of mid-year Interest and dividend pay
ments. The firm undertone signalized the
feeling that probable improvement lay in
the future.
Growing realization of the Influence on
fcuslnesa of the prodigious grain crops In
prospect held materially. Enormous sales or
new wheat for export confirmed reports or
foreign shortage, coincident with our abund
ance. The Government cotton estimate
Droved the previous month's deficiency In
Vendition mostly made up. This assurance
of extraordinary Increase In the year's pro
duction of primary wealth reacted on ail
departments of business and Industry.
Portentous piling up of gold in Parts
irlves security for the success of next week a
French loan issue, and other money markets
relapsed Into ease after the July 1 require
ments. The French loan. It Is expected, will
lead to other Issues which will bring out In.
vestment capital and release the severe con.
gestlon of resources of the great credit
banks In short-time securities.
CLOSING STOCK QUOTATIONS.
T?.nnrte bv J. C Wllion & Co., Lewis
fcuildin. Portland. Closing
Sales.
Altla-Chal.
nial Copper .. 13. i00
Am Beet Sugar 200
Am Can Co 0"
do preferred..
I'ri Ry Inv 4s
L"n Pac 1st and Ref 4S....
U S Steel Ss
West Shore s
Wabash 4s
W'house Elec cv 5s
Wlscc.isln Central
United States 2s registered
United States 3s registered 101 .4
United States 4s registered ?
S3
04
102 vt
92 H
50 V,
9514
88
do coupon
tttjulia at Rnatnn
T.ofrt- t.,. 'i ( 'i n ir Quotations:
J 3 Cnn
Allouez IC.T.Z.Z-
Amal Copper
a 1. T. a- Cm .
Arizona Com SH
f-a i urn t jl. Ariz. 64ft
('Hi A HM1S....V1V
94
103
93 K
Cl
0B
SS
T
OS
102
102
110H
111
13
70fN!plsslng M 6
25
1
4S
76 4
entfnnTal .:::: lTJ.!oler "
Cop Range c mpH.i. -
15 North Butte
ortn iako ..
Old Dominion
Osceola
Superior .......
Tin. M 1 Si
Tamarack 35
USSK4M...
do prererrea
Utah Con lift
v T3..tA Cnn M. 11 Va
Franklin 4ft
Gran by Con 80
Greene cananea. out.
I Royalle (Cop) 19 ft
f-'il .V"! 5(4 uik C Co.... 68ft
La Salle Copper. 3ft Winona
Miami Copper . 21 k rlM . . . . . . 4
Mohawk 44 jButte A Sup 37
Money. Kxchange, Etc.
NEW YORK. July S. Close: MercanUle
paper. 84Vi per cent.
Sterling exchange, strong. Sixty cays,
4.S5S0; demand, 4.8770.
Commercial bills, 4.85.
Bar silver, 56 c.
Girnnnf bonV"ady: railroad bond,.
"ca money, steady f'efBe,eln,
rate 2 per cent; closing bid. 1 ft i per cent.
Time loans, easier; 60 days 2 2 per
cent; 60 days. 2 3 per cent; six months.
34 4 per cent.
t n-nr July 8. Bar silver auiet.
-.MedfiiM?; 11: ahorl ; bills, 113-16
1 ; three months, 1 15-18&2.
SAN FRANCISCO, July 3. Mexican dol
lars, nominal. Prafts sight. .02; do tele
graph. .04. Sterling. 14.87.
Coffee and Sngar.
NEW YORK, July 3. The coffee .""""i
ruled steadier today on ' -teady "les and
wtterta c.v advance
ifTt ? POlIS? aSdntht m"rket held with
or o to." " " , i-it.i ftsmre during
in a point or ,".,. ,.hl renortlng
xfiS loan was assured. Closing price,
zillan loan y " , . , , (.. Sales.
cemDer. o.wuw -..--
May. 9.05c s.to No.
4. ?20ftC?UmnT coffeT dull; Cordova. 12ft
16S: noro."'; ....a- Molasses. 2.67c; cen
trifugal. 3.32c: refined, steady.
COTTON REPORT G000
CONDITIO OP CROP IMPROVED
OVER MONTH AGO.
Gradual Expansion In Demand or lion
and Steel Expected Bank Clear
ings Larger.
NEW YORK. July 3. Dun's Review will
say tomorrow: ' - .
This is ordinarily a dull period
vear The prevailing quietness of trade nt
somewhat accentuated by special causes,
such as the recent dry goods suspensions,
and the general situation is characterized
by a waiting attitude on the part of lead
ing interests. ,
The Government cotton report this week
was unexpectedly favorable, showing some
Improvement In the condition over a month
ago, although the decrease Is smaller than
lBWiththe opening of the second half of
the year a gradual expansion In the demand
for Iron and steel Is anticipated, but any
early improvement in values Is considered
dF-ailfur'es this week are 379, against 230 last
year: In Canada. 37 against 26.
Bank clearings this week were J3.S43.98S,
909. a gain of i.3 per cent over last year.
ACTUAL SALES EN JUNE LARGE
Trade at Wholesale and Retail Active Dur
ing Month.
NEW YORK, July S. Bradstroefs tomor-
rCGood'1to"lex'cellent crops, quiet distributive
trade and dull or depressed Industry and
manufacture are the salient features in the
week's advices. The general crop advices
are the best for many years past, thougn
hay tobacco and possibly Spring wheat
may not meet earlier sanguine anticipation.
June was a good month In actual sales,
both by wholesalers and retailers, especially
In dry goods, wearing apparel, groceries and
"For'the week failures were 243, against
194 last year; wheat exports 5,700.957.
against 3,501,323; bank clearings, $3,724,241,
000, an Increase of 1.6 per cent.
Dnluth Unseed Market.
DUL.UTH. July 3. Linseed. $1.09; July,
$1.59 ft; September, $1.61; October, $1.62;
November, $1.62.
Cotton Market.
NEW YORK, July 3. Spot cotton, quiet.
Middling uplands, 13.25c; do Gulf,., 13.60c
Sales, 560 bales.
High. Low.
709,
27 '4
91 H
01ft
500
3O0
900
120
23J
31
1,500 99 ft 99
do preferred..
Am (Jotton -"'
Am Smel & Ref. 2.200 B4
do preferred..
Am Sugar
do preierrea. .
Am Tel A Tel..
Am Tobacco . ..
Anaconda
Atl Coast Line..
A T & Santa Fe.
do prererrea.
Bait & Ohio ... 2.200
Brook R Tran.. 1.200
Canadian Pac .. 1.2O0
C O 2.000
C & G W !S0O
C & N W
C. M ft St Paul. :
l . - 1 l.ath.p .
Central of N J..
Chlno 6
Col Fuel ft Iron 200
Col Southern ........
Consol Gas 600
g&RQ :::::: "joo n'.
Frl.11U"f..!""! 2.100
General Electrlo 800 149
Ht North Ore .. 400 31
Ot North pf ... 1.500 124
9
26
26
9114
6114
62 ii
120
232
31
904
92
194
52
14
90
91
194
61
14
'.300 100 99
41
26
41
29
129 12S',i
11
14
2S
140
31 U
124
Bid.
10
7
25
Ill
50
30
K3
102
106
lia
1-'U
230
31
120
99
99
90 ft
91
103
52
14
130
99
35
300
40
25
22
128
400
10
15
2S
148
31
124
ot -Norm pi ... i.ow .
Illinois Central. ...... ......
400
SOO
600
2.100
1.700
100
14
62
107
28
136
13
14
62 ft
106 ft
27
130
149
luterboro Metro,
do prererrea..
Inter Harvester.
K C Southern. .
Lehigh Valley ..
Louis ft Nash . .
Central
M. S P S S M 200
Slo, Kan ft Tex. 800
Mo Pacific L700
National Lead
Nat Biscuit
do preferred..
New Haven .... 1.800
N Y Central ... 600
N Y. Ont & Wes
Norfolk ft West. 700
Northern Pac .. 1.300
Pacific Mall .... 300
Pacific T ft T . . 100
do preferred.. ......
Pennsylvania ... 600
People's Gas .. 1.000
Reading 22.900
Republic S ft I. 100
Rock Island Co. 700
Southern Pao .. 11.000
routnern ty ... w - - Ti7
jl cxui uii ............ - - - - - ..-,7
lTnlnn Purine 9.300 155 154 15.1
do preferred
TT.I.J XIAm a V ..... ....
V S Steel Cor.. 23.900
An rrf erred. . 30O
Vtah Copper ... 3.000
1UW
2.3H0
3.000
Watern Union.,
n- . I ,. run
yisconsin Cent.
124
' 17
17
6."
9
105 "
111
23
24
iii
122
14
22
1
97
24
61
10914
58
I5S
76
124
17
17
64
89
105"
110
22
24
iii
119
363
22
1
96
24
61
10914
08
58
7S
62
107
27
130
148
11
123
17
17
45
12S
127
64
89
23
105
110
22
23 ft
85
111
122
164
22
1
96
14
83
12
61
10914
0S
58
75
89
isconsin Lfm ;
Total sales for the day. 151,300 shares.
BONDS.
Reported Vr Overbeck ft Cooke Co., Board
f Trade building. Portland.
Atch Gen 4 W 96
A, I o.r Tin 1 at 4a s 94
B ft o Gold 4. V3K
U R T 4s 4
hes ft O 4s......
C M ft St P Gen 4s 102
f R I Col 4S -
Cal Gas 5s 9-
B Joint 4s J
3-rie Gen 4s jf
Jnt Met 4s . . . .
jAiulsvllle ft Nash In 4s 96ft
Missouri Pac 4s
Is" Y C Gen 3s ?
N ft W 1st Con 4s J
Northern Pac 4s J ft
Oregon Short Line Ref 4s 01
Pac Tel 5s
Penna Con 4s lw
Jttading Gen 4
ft L ft San Fran Ret 4 70
Ho P Ref 4s 92
H P Col 4s
rio Ry 5s 1M
T . r. 7rf
94
88
94
103
28
93
97
77
Ufi
63
83
96
95
91
' 97
101
95
7U
92
90 ft
105
73
Charter No. 4514.
Condensed Report of
The United States National Bank
of Portland, Oregon.
Submitted to the Comptroller of
the Currency at the Close of Business
June 30th, 1014.
EES0UKCES
Loans and Discounts..... $ 5,673,592.36
United States Bonds at Par Hi-'oo fia
Municipal and Railway Bonds l,32o,222.60
Bank Building . .OOO.OO
Customers' Liabilities on Letters of Credit. . 27,421.04
Cash in Vaults ?'o?o'H
Due from Banks I,3o3,790.96
Total .$12,259,028.87
LIABILITIES
CaDitai $ 1,000,000.00
SiSs 1,000,000.00
Undivided " Profits" ' cnn'nnn on
Circulation Sf.
Letters of Credit 9 23193355
Deposits tf,ZJJ.,JJ.OJ
Total $12,259,028.87
STATEMENT OF CONDITION OF
LADD & TILTON BANK
At the Close of Business June 30, 1914
RESOURCES
Loan and Discounts $ g
Bonds and Stocks T"
Customers' Liability on Letters of Credit. . . 149, 21.26
Real Estate o .ffiR
Cash on Hand and Due from Banks ff
LIABILITIES $15,550,678.56
Capital Stock Fully Paid $ ffl'2SS
Surplus and Undivided Profits S
Letters of Credit ffiX
$15,550,678.56
Condensed Report of
THE CITIZENS BANK
PORTLAND, OREGON,
At the Close of Business June 30, 1014.
RESOURCES. '
Cash, and due from Banks. .......... . iy-y-y .lll'.lll'M
C?fy of ' Portland Bond's'.'.'.'..".".'.! 10f gsJ'Ju
Keal Estate and Fixtures "a
r ,t , ,n ' "-""TIES. ,100,000.00
Capital paid In t .qVroo,.
Surplus and Profits e?J;JS;J;
Deposits :
78,736.3
HIBERNIA SAVINGS BANK
of Portland, Oregon
Statement at Close of Business June 30, 1914
Resources.
Loans and Discounts. $'2IH
Real Estate, Furniture and Fixtures bZ,63.k
Stocks and Securities 4 ZAy
Bonds and Warrants: rcrno Krt
U. S. Government 4 Bonds $ 55,062.50
City of Portland Imp 'v 't Bonds 349,804.45
Other Bonds and Warrants 10,345.00 415,211.95
Cash on hand and due from Banks 731,0DU.DU
Suspense 6- '
$3,114,881.48
Liabilities.
Capital Stock 200,000.00
Surplus and Undivided Profits . . : 100&l
Dividends Unpaid .' ol2-m
Savings and Time Deposits $1,899,122.05
Demand Deposits 914,295.88
Total Deposits 2,813,417.9.3
$3,114,881.48
STATEMENT OF CONDITION OF
The Northwestern National Bank
of Portland, Or.
At the Close of Business June 30, 1914
RESOURCES
Loans and Discounts -
United States Bonds SaSn2
Other Bonds and Securities Wni
Furniture and Fixtures SJJS
Cash on Hand and Due from Banks 1,182,040.83
$3,751,8S6.18
LIABILITIES
Capital Stock Paid in $ 500 000.00
Surplus and Undivided Profits SSnnn
i j.- ......... Ou.UUU.UU
?rCUl.f0n ;. 3,102 504.87
Deposits ' '
$3,751,886.18
STATEMENT OF CONDITION OT
Portland Trust and Savings Bank
of Portland, Or.
At' the Close of Business June SO, 1911 ' i
RESOURCES
Loans and Discounts $ 8S7.338.74
Bonds and Stocks 142.220.72
Real Estate, Furniture and Fixtures 212,515.29
Cash and Due from Banks 372,460.65
$1,644,535.40
LIABILITIES
Capital Stock Paid in $ 300,000.00
Surplus and Undivided Profits 52,124.40
Deposits 192,411.00
$1,644,535.40
nTPTrrTnpq nv BOTH INSTITUTIONS : H. L. Pittock, Chairman of the Board, Charles H. Carey, William D. Fenton, L. P. Men
fjlZf- arUon Geor.e H. Kelly. A. S. Nichols, O. L. Price, J. D. Farrell, F. W. Leadbetter, Emery Olmstead
Combined Deposits, $4,394,915.87
STATEMENT OF CONDITION OF
LUMBERMENS NATIONAL BANK
of Portland, Or.
At the Close of Business June 30, 1914 . ; ;
RESOURCES
Loans and Discounts
U. S. Bonds to Secure Circulation.
U S Bonds to Secure Government Deposits.
MSSSn?n? "f. $1,063,964.46
Otter bSSL 56-C65-00-
Furniture and Fixtures
Due from U. S. Treasury.
Cash on Hand and in Banks
.$3,945,084.63
. 250,000.00
. 100,000.00
Total
- 1,120,629.46
55,600.00
12,500.00
. 1,464,604.27
.$6,948,418.36
LIABILITIES
Surplus and Undivided Profits.,
Circulation . . .
Dividends Unpaid
Deposits
Total
.$1,000,000.00
. 193,972.50
. 250,000.00
750
. 5,504,438.36
.$6,948,418.36
Eistant Cashier.
DIRECTORS: Geo W Bates Gepr GBin ham. R a
TBrealku; And?erR.r PorterrChas. S. Bus.11. J. B.
Wheeler.
CONDENSED REPORT.
HARTMAN & THOMPSON
BANKERS
of Portland, Or. i
At the Close of Business June 30, 1914
RESOURCES M
Loans and Discounts 133,992.81
Stocks and Bonds 35 6g5.oo
Real Estate 16,724.07
Furniture and Fixtures 110.22
Cash on Hand and Due from Banks 118,li.
$507,033.54
LIABILITIES
Surplus and Undivided Profits
Deposits '
.$100,000.00
. 17,811.83
. 389,221.71
$507,033.54
tj-ptjvdt CtV TTTT1 CONDITION OF
XVX14. VXMA
Scandinavian-American Bank
of Portland, Or.
At the Close of Business June SO, 1914
RESOURCES ,
Loans and Discounts oJi'SSiH)
Stocks and Bond3 "47'nn'fiS
Real Estate. Furniture and Fixtures Al'oM.S9
Cash on Hand and Due from Banks 485,Uo4.aa
Total amount of resources $1,924,247,82
LIABILITIES
, o. i -pm ? $ 100,000.00
Capital Stock Paid in
Surplus and Profits, Less Expenses and 2110513
Taxes Paid 1 ni'iA9'fi7
Deposits, individuals and banks 1,8UJ,I4J.Q
Total amount of liabilities $1,924,247.82
DIMK-FRTON & COMPANY
UNITED STATES DETECTIVE AGENCY
Chicago, 111., ever since 1883
N No connection with or relation to the Pinkerton National Detective
Agency.
Scientific detective work along modern lines. Our
COMMERCIAL DEPARTMENT
Finds the criminal intent in criminal accounts and reduces it to a
practical basis. A criminal account is one that can pay but won t.
When the criminal feature is exposed it wants to pay.
Headquarters, 7th floor, Boyce buiiding, Chicago, HL
Northwestern Offices, 412-13 Lumbermens bldg., Portland, Or.
Phone Main 7741.
W. H. TREECE, District Manager.
STATEMENT OF CONDITION OF
Security Savings and Trust Company
of Portland, Or.
"--f At the Close of Business June 30, 1914
RESOURCES
Loans $5,502,642.47
Bonds, "Warrants 1,4S5,173.65
Real Estate None
Customers' Liability, Under Letters of Credit S8.474.50
Cash and Duo from Correspondents 2,531,233.85
$9,C07,524.47
LIABILITIES
Capital $1,000,000.00
Surplus and Undivided Profits 591,936.56
Letters of Credit 8S.7C6.4S
Reserved for Taxes 14,313.41
Deposits 7,912,503.02
$9,607,521.47
REPORT OF CONDITION OF
The First National Bank
of Portland, Or.
At the Close of Business June 30, 1914
RESOURCES
Loans and Discounts $ (5,037,000.77
U. S-and Other Bonds 2,643,021.14
Bank Premises 70,000.00
Cash and Exchange 4,317,418.42
$13,987,470.33
LIABILITIES
Capital Stock $1'5S'0?
Surplus and Undivided Profits 1 ,100,34204
Circulation OOo.Slo.OO
Deposits .10,781,282.01)
$13,987,470.33
REPORT OF THE CONDITION OF
Merchants National Bank
WASHINGTON AND FOURTH STS.
PORTLAND, OREGON.
At the Close of Business June 30, 1914
HKSOCRCES
Loans and Discounts
United States Bonds 43lH2r
Premiums on Bonds ,','.,, ',
Other Bonds, Stocks and Warrants 88().0ol.4l
Real Estate and Mortgages "n'nn.i
Furniture and Fixtures K n
Banking Premises ?l'i?2'2
Customers' Liability Under Letters of Credit T ?-M
Cash and Due from Banks l,2J8,91J.a4
$4,921,525.43
LIABILITIES
Capital Stock $
Surplus and Undivided Profits ?J'Srt
National Bank Notes Outstanding J9 ,000.00
Dividends Unpaid ,-n'n'i
Bonds Borrowed 1 ggj-gg
Deposits 3,b.J,frl.iu
$4,921,525.43
Increase in Deposits Since Last Call, March 4, 1914, $111,320.45
Increase in Deposits Since June 30, 1913 . . . 237,978.45