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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 5, 1915)
TTTE 3IORXING OREGONIA2T, WEDNESDAY, MAT 5, 1915.
SALES ARE CHECKED
No Further Evidences of For
eign Stock Liquidation.
PARTIAL RECOVERY IS MADE
ine in Chicago on April 12 last, today an
nounced its virtual diibandment.
The committee announces that it sur
renders and releases all rights and powers
granted to It through the holding ot these
Call for Bank Reports.
WASHINGTON, May 4. The Controller
of the Currency today issued a call for tne
condition of all National banks at the close
ot business Saturday, May 1.
Stocks Weak at London.
LONDON. May 4. American securities
opened irregular, eased off during the session
and closed dull.
Big Issue of Pennsylvania Bonds
Is Taken by Bankers' Syndicate
for Offering: to the Public.
Coppers Are Strong.
NEW YORK. May 4. Reactionary ten
dencies, such as made yesterday's isversal,
were lacking in today's stock market, but
the undertone was uncertain for the greater
part of the session, with sub-surface Indica
tions of renewed selling on a reduced scale.
Few, if any, of these offerings were for for
eign account, however. In striking contrast
to yesterday's operations. Trading was com--paratlvely
Severe declines were, registered by some
ft the war specialties at the outset, notably :
1n Pressed Steel Car, which fell more than
t points, but soon made substantial recov
ery. Coppers were consistently strong
t'nited Htates Steel lieeltated In the early
dealings, but rose a point later, despite In
cessant selling. Canadian Pacific, one or
Testerday's features, recovered more than
half Its decline and Union Pacific. St. Paul,
"Uehigh Valley. Now Haven and Rock Island
were up 1 to 2 points. The entire list
haded moderately at the close.
Total sales of stocks amounted to SoS.OUW
The financial event of the day was the
sole to a bankers' syndicate of t,000,000
Pennsylvania. Hallroad 4 ij. per cent general
mortgage bonds, to bo used In large port for
r-Tuudlng an Issue of 3i cent convert
ibles. Public offering ot these bonds will
nfford another 'est of Investment conditions.
The bond market was Irregular on light
ami narrow dealings. Total sales, par
- aluo, aggregated $3,470,000.
CLOSING STOCK QUOTATIONS.
Sales. Hish. Low. Bid.
lska Onld ... 4..SOO ..;j ;; 36V
Amal Copper .. :i0.-. j5V J"J
Am Beet Sugar. 4.600 J 'J
American Can .. -'-i 4I'J u
Am Sn.ol & Kef 5.000 72U 71i 1 v
do Dreforrfd ..... 30H
Am Sugar Ref.. IKH 111 110
Toba1col'!::---4o6 :Uii 234 H Ui
Auaconda Mln.. 4. woo :t :io
Atchison 2.200 I02H1 101 loi?4
Bait & Ohio ... l.T.OO ,6', .; i
Brook RTran.. I.K'O I'O 41i OO
a! Petroleum.. l.U'O 18 17(- A'.r
Canadian Pac.. .-..!0 l.li J1 J,
C'nutrul Leather. 2.HOO tos o'-'H "'.
Ches & Ohio... .-K . 4t 40 4
till GtWtlt... 1:00 IS Jt 12 12
C. M & SI Paul. 1..-.0O P4' 93 Vs 9iv
Ohlcago &- N W. 1.000 12S' 120 l-
C'hlno Copper.. 1.400 -to 44 J
Col Funl & Iron 1.000 32 JO 31
Col ,t Southern
D &. It Grande
do preferred ..
DlstillorB' Secur ."..20 13 14t 14 J
Kilo t.100 2S. M !.',
Hen Electric. .. MvO li.7' ISHk; . J3
tit North pf... 1.2"0 1 2S' 120' 12V
!t North Ore.. S.HOO .lit ..V
Cucgcnliclm Ex 4.o00 ttl
Illinois Central ....
Interbor Met pf 1.400 72", 71 71
Inspiration Cop. lO.bOO 32C :
Inter Harvester pg
K C Southern.. 4.700 27 S 2
L-ehlgh Valley., li.100 HO', l2-m 143
l.ouis & Nb"1i - - - -
Mex Petroleum. 18..100 R.I SO M
Miami Copper.. 2,sio 2 'i 2!it4 2t
Mo, Kan &. Tex. 1 .? 1K 13 l.1
Mo Pacific ... 2,700 IS1 14 4 14j
Nat Biscuit ; 11S
National Lead. 4.200 rtS'i 84 -, 5'4
Nevada Copper. 2.miO I5 14 i IS
N V Central... 1.SOO SK:S 8S ',3 SS
N. V., N. H. II S.noo OS, '., "U
-T Norfolk Weal. 5m.1or. 1-"' 305
' Jv'orthern Pac . -2.400 100t log JOSH
Pacific Mail ... 2.000 22 22 - 21 ,j
T'sc Tel Tel.-...-. .
Pennsvlvania .. 40O- IOS"i 10SS losi
Itav t on Copper 124 2. : " ?3'
Jteading 2" 2 14H", Itx1, 14SH.
Republic I & S. 2.S00 30 29" 2'J'Vi
Kork iMlnnd Co. ...... ".. 's
do preferred s
ti i. x- K IP 2 nf H04 V
Sotithrrn Pac . . D.'jno SSS PM
Southern Ry... oo js, is in',
Tctin Copper... S0O 33,s
Vv,,. Pnnininv. ?tlO 1 itrt 1 :, ISflU, 130
I'lHan PHCific. 15.2O0 131 U 129Vi -1:m14
do preferred ..... -m
17 S Steel 81.00O BO'i FiT W r.R
do preferred. PH lOSi lORV I" ;
t'tah Copper... 274 08 05 U oft1-
"Wabash pf -4
tVNtern Union.. l.r,00 69 SH
Westing Blec. 038 103 U tMJ 101 ,
ilont Power 51 li
Total sales lor the day, B38.0OO shares.
SAN FRANCISCO PRODUCE MARKETS
Prices Current In the Bay City on Fruits,
SAN FRANCISCO. May 4. Butter Fresh
extras. 23c; prime firsts, 22 Ho; fresh
Eggs Fresh extras, 22c; fresh firsts, 20c;
selected pulletA, 18 He. seconds. 18c.
Cheese New, SllHc;. Toung Amer
icas, 12 He.
Vegetables Hothouse cucumbers, SOftiBnc;
asparagus. Sl-.506'2.50: string beans, 46c;
wax. 4ftoc; Summer squash, 657c; peas,
3 r 3 H c.
Onions California. 75 $1; Oregon, $1.
Fruit Lemon. $l.o0o3; grape fruit, fl.50
2; oranges. $1.652.30; bananas, Ha
waiian. $1.502.25; pineapples. Hawaiian.
4-fioc: apples, pippins. S0iS1.ir; Oregon
reds, $1.M2: other varieties. 4075c.
Potatoes Oregon. Sl.sna2; Idaho. $1.B0
2; new, 2aSc; Lompocs, 2(32.2&; sweets, 2
Receipts Flor, 5970 quarters; barley.
1430 centals; potatoes, 1427 sacks; hay. 403
GAINS ARE NOT HELD
CAN'ADIAHT ORDER HAS OStY BRIEF
EFFECT ON MARKET.
Absence of rgrent Foreign Demand Is
Responsible . for Weakness In
I. ate Wheat Transactions.
CHICAGO, May 4. Canadian government
restriction of exports had a bullish effect
loaay on the wheat market here. Gains
n price. However, were not all held, the
'lose being weak at i; to N. rinra Hovj
last night. Corn 'finished to cent ud.
oats at h shade off to i-cent advance, and
provisions with a rise of 10 cents to 20 cents.
Although the likelihood appeared remote
that In any possible juncture the action of
ins uanHdian authorities would have a ma
terial influence on supplies in the United
States, wheat shorts were quick to run for
cover. Higher quotations at Liverpool
tended further to make the bear side of the
market unpopular, and it was not until mid
day that speculators ventured on a selling
drive. l4ood support was encountered on
the ensuing din in prices, and tliere was a
quick rebound, which, however, seemed to 1
lose energy in the last 15 minutes of the
LMsappointment at the apparent absence
of urgent foreign demand had something
to do with the comparative weakness ot
wheat during the late transactions. After
trading hours a repsrt was recelTed from
the East that 100.O0O barrels of flour had
been sold to Europe, but belief prevailed
here that the announcement referred to old
Corn developed strength largely as a re
sult of Argentine advices telling of severs
crop damage. Assertions. though, that
European demand had turned to the United
States were not confirmed.
Shorts In oats took to cover owing to
the bulge in other grains. There also was
gossip that cash demand bad much Im
proved. Enlarged export trade tended to lift pro
visions. Besides, hog receipts today were
not so plentiful as had been looked for.
Leading futures ranged as xoiiows:
TJ ft Ref, 2s, reg. OS'i'lT ft N 4s. coup. 1104
do coupon.... 9S IN Y C U SHs... ti
U S 3s. reg 10114JNor Pac 3s 63
do coupon. ... 101 Kit do 4s 92,
U S N 4s, rcg. .109V41Unlon Pac 4s... Sti'i
Ftlll RAI. DISTRICT WANK TRANSFERS.
Board Irt Considering- Relocation of Re-
WASHINGTON. May 4. The Federal Re
serve Board today denied the petitions of
banks In wj-oniing ana Nebraska, wnicn
sought to be changed to the Chicago Fed
eral Rcservo .District.
The Board also announced that it has de.
cided to grant the petition of banks In
Southern Oklahoma, now In the nallas ais.
trlct, to be put in the Kansas City district;
that of banks of Northern New Jersey, now
In the Philadelphia district, to be put In
the New York district, and those now in the
Philadelphia district, to be put in the New
York district, and those of Tyler and
Wotsel counties In West Virginia, now
In the Richmond district, to be put in the
eciaions on applications for re-elections
of reserve cities have been postponed. Pitts
burg and Baltimore had asked to be made
reserve cities in place of Cleveland and
Weekly Bank Clearings.
Bank clearings' in the United States for
the weak ending April 20. ns reported
Bradnrrcct k, aggregate s.l,241...S.OOO. as
against $3.003,o"2.ooo in the previous week
and ?3.24i;,o31.t'O0 in the same week last
vear. Following are the returns for the
past week, with percentages of change from
the corresponding week last year
. 3 K.1, 490,000
IS. 701. 000
New York .
Kansas City ......
Hau Francisco .....
Los Angeles ......
New Orleans .......
Milwaukee .. .......
Salt Lake City
i Oakland ..........
Tiu-onia . ..........
San Diego ........
Money Kxchange. Etc,
New York, May 4. Mercantile paper 3U9
'lit; ner cent.
Sterling exchange steady, sixty-day bills,
4.7A.vi: for cables, J4.7975; for demand,
Bar silver SO He.
Mexican dollars. CSSc.
Government bonds steady; railroad bonds
Time loans easy: 0 and 00 days, 214 02
tier pnL; six montns, as.(n's, per cent.
Call monev steady. High 2o; low. Hie
ruling rate. 2c; last loan, 2c; closing bid
lic; offered at 2c.
SAN FRANCISCO. May 4. Sterling, sixty
flays 4.76'-ic; demand, .i11c; cable,
LONDON. May 4. Bar silver. 23 5-Sd per
ounce. Money, 1 U ftt 1 Vi c. Discount rates
short bills, 2 per cent. ; tnree monins -1
2 15-16 per conu
Proxy Committee Disbands.
NETV YORK. May 4. Declaring that tb
receivership proceedings recently instituted
agninst the Chicago. iiocK island Ac -a
eific Railway Company came as a complete
surprise, the so-called Sheldon proxy com.
mittee. which solicited and voted a large
number ox nock Island shares at Use nest
OF PORTLAND, OREGON,
vi STATEMENT AT CLOSE OF BUSINESS, MAY 1st, 1915.'
Loans and Discounts '. $1,999,160.99
Real Estate, Furniture and - Fixtures !..... 55,663.99
Stocks and Securities 24,657.31
Bonds and Warrants i
U. S. Government 4 p. c. Bonds 54,500.00
City of Portland Impvt. Bonds..... 288,290.37
Other Bonds and Warrants 12,745.64
Cash on hand and due from Banks.
Capital Stock $ 200,000.00
Surplus and Undivided Profits 124,486.60
Dividends Unpaid 1,120.00
Savings and Time Deposits $1,843,170.26
Demand Deposits 978,219.85
selling. The close was at a net decline
of ; to I points. Sales, 11.350 bags. Closing
bids: Ma-v. .20c: June. 6.80c; August. 7.43c,
September, 7.44c; October, 7.49c; November.
7.52c; December. 7.67c: January, 7.63c; Feb
ruary, 7.68c; March 7.74c: April, 7.76c
Spot steady, itio io. i, mc om io.
Cost and freight offers were unchanged.
Pennsylvania Bonds Sold.
NEW YORK,' May 4. Kuhn. Loeb ; Co.
announced today that they had closed ne
gotiations Involving the sale of S63.OOO.O0O
new general mortgage 4 per cent gold
bonds of the Pennsylvania Railroad Com
pany, being part of an issue authorized by
Btndebaker Dividend Declared.
NEW YORK. May 4. The Studebaker
Corporation declared today its initial divi
dend on the common stock, a quarterly dlv
ldend of l'A per cent.
New York Sugar Market.
: NaVW YORK. May 4. Raw sugar steady.
OlUi.. jKd,. ...II.. illO. jii SI..-.. 1-
NKW YORK, May 4. Cotton Spot quiet.
Middling uplands, 10.30c. Sales, 1600 bales.
Dried Fruit at New York.
NEW YORK. May 4. Evaporated apples
dulL Prunes steadier. Peaches quiet.
Hops at New York.
NEW YORK, May 4. Hops quiet.
High. T.ow. Close.
I1.60i Jl.S1i T.S2'i
. 1.361, 1.34i 1.357,
.77S .76i .77t4
.S0l .Vs .80
.i.St, .r.55, .R .!S6
.54 .54, .54' .54U
juiv is.:o i.40 i8.: lt.ss
gept 18.60 1S.SI , 1S.60 18.S0)
Julv 10."5 - 10.47 -10.SJ 10 45
Sept 10.60 10.70 10.57 10.70
Julv 10.67 10.S0 10.KS 10.77
Sept 10.95 11.07 10.95 11.07
Cash prices were:
Wheat No. 2 red, 11.62; No. 2 hard.
Corn No. l' yellow, 7sor75c; no. yel
Rvc No. 2. 1.22. ,
Parley 76 80c.
Clover fS.fiO 13.
Primary receipts Wheat 601.000 vs. 273,-
00O bushels: corn, 635.000 vs. 320,000 bush
els: oats. K62.0OO vs. 512,000 bushels.
Shipments Wheat, 394,000 vs. 1,070,000
bushels: corn, 413,000 vs. 3 6 7,000 bushels;
oats, S97.00O vs. 6O2,u00 bushels.
Clearances Wheat. 170,000 bushels; com.
51,000 bushels; oats, 304.000 bushels; flour.
Foreign Grain Markets.
LIVERPOOL.. May 4. Cash wheat Un
changed to Id higher. Com unchanged.
Oats ;id lower, flour Od higher.
BUENOS AYRES, May 4. Wheat un
changed. Corn lower.
Minneapolis Grain Market.
MINNEAPOLIS. May 4. Wheat May.
1.S8; July, fl.ii'i : No. 1 . hard. $1.6041
No. 1 Northern, 1.60i 1.644 ; No. t
Northern. $1.56 01.614.
Flax $1.94V4 1.ttj.
Other K astern Grain Markets.
WINNIPEG. May 4. Wheat closed. May
$1.64; July, $10J. Oats. July, 64-.
DI'LUTH. May 4. Wheat closed, May.
1.M; July. $l..ri94. May flax. $l.!)Sii.
KANSAS CITY. May 4. Wheat closed.
May. $1.044; July. $l.'-!Si4.
Grain at San Francisco.
SAN FRANCISCO. .May 4. Spot quota
tions Walla Walla. $J.aO-'.2S; red Rus
sian. $2.0&2.'J'-: turkey red. $2.23132.30;
blnestem. $2.2.ii)2.:'.o: feed barley, $i..(
1.271,4; white oats, fl.77Hel.80: bran. $2'6
26.ri0; middlings. f:t2(S.'l3; shorts, $2728.
Call hoard Hariey, fliay, sj.-o; uecemoer,
$1.29 bid; $1.31 asked.
Puget Sound Grain Markets.
f. I'j . 1 l L.I-., JllJ ' L.HHD,. 1H,
h . . .. rr.xM , otf is ci n- rifA
$1.4: red Russian, $1.18.
parley per mn.
6. barley 5. corn 1, hay 33, flour . '
TAC'OMA. May 4. Wheat Milling blue-
stem. $1.3101.33: forty-fold. $1.29: club,
$1.28: red fife, $1.27; red Russian. i.2.
Car receipts: Wheat 11, oats 5, barley 1,
l,ondon Wool Sales,
LONDON. May 4. There was a fair de
mand tor tne l i,e"o Dales oiierea ai inn
wool auction sales today. Heavy wools were
frequently withdrawn and good merinos were
often five per cent lower. Good crossbreds
were steady. American ouyers were quiou
STOCK OFFERINGS LIGHT
TRADE 15 COSFISED TO FEW ODD
NEW YORK. May 4. The metal ex
change quotes tin easy, 3S&)40c.
Copper steady. Electrolytic, 19c: caBtlng,
The metal exchange quotes spot lead 4.15
t 4.20c. Spelter unquoted.
Chicago Dairy Produce.
CHICAGO, May 4. Butter Unchanged.
Eggs Lower. Receipts 39.819 cases; at
mark., cases Included, 178"tl8'T!c: ordinary
firsts. 16 Vi174c; firsts, 1818C
NEW YORK, May 4. There was some
covering by July shorts In the market for
coffee futures here this morning, but after
opening 3 points higher to 3 points lower,
the market eased off In the later trading
under skittered realizing unit a little trade
Hogs and I.amba Are Disposed Of at
Kiarht Celts 3o Cattle Are
The livestock trade yesterday was a dull
and uninteresting affair with but little for
sale on the open market, only a few odd
lots of hogs and mutton stock being of
fered. The best hogs weighed were taken
at $S. and in general tne hog market ap
peared to hold at Its former level. Lambs
also sold at S. No cattle were on sale.
Receipts were lf3 cattle. 2 calves, 138
nogs and 4.18 sheep. Shippers were:
With cattle M. J. Cheline. Buhl, 1 car;
Fred Benslnger, Caldwell, 2 cars.
With sheep George Kohlhagen, Roseburg,
With mixed loads J. S. Flint, Junction
City, 2 cars cattle, calves, hogs and sheep:
Wiillam Halnev. OMitura. 3 cars cattle and
calves; C. K. Lucke, Estacada, 1 car cattle,
hogs and sheep.
The day's sales were as follows:
wt. Pr.l Wt. Pr.
B mx. sheep 322 $.S0! r. hogs 12 8.00
14 lambs n S.OO2t hogs a2 8.O0
4 hogs 347 7.O0I 1 hog 300 7.00
lO hogs 17 8.00!
rri current at the local stockyards on
the various classes of stock: .-.
i, . . . .............. .$7.wfi 7. S0
Choice steers 7.OO.50
Medium steers 0 Lfn 7.fto
Choice cows . ...... ............. o.2. 'rrO.tto
Medium cows 6.0OW3 IS
Hr.lfor .1.00 r. 8.75
Stags . ! 5.008.50
Heavy 6.504a! 7.35
Sheared" wethers 5.SO 07.OO
Sheared ewes 4. 00 (a 5, .
Sheared lambs B-UOlSO
Full wools $J higher.
Omaha Livestock Market.
snrTH omaha. Mav 4. Hogs Receipts,
11.O00 higher. Heavy. $7.15 r 7.25; light,
$7.25ii7.85: pigs, 6.501i7.25; bulk of sales,
S7 7 'AO
Cattle Receipts. 5800, steady. Native
S7 on fn 8.50 : cows and heifers. $"
(S7.75; Western steers, $rt.504i'.O0: Texas
steers. JO.OOrp 7.30: cows and heifers. $5.&0
fi7..T;; calves. vf.D'a i-'o.
Sheep Receipts. 6500, slow. Yearlings,
$S.75rq.2.V wethers, $8.0Ofc8.73; lambs,
Chicago Livestock Market.
CHICAGO. Mar 4. Hogs Receipts. 12.000.
strong at yesterday's average. Bulk $7.40
(i7.0; light $7.:;oii7.7'2V4; mixeo, 7..1!ji
7.5; heavy S7.00C i.jo; rough $i.007.1o
nias. $5.2511 6.00.
Cattle Receipts. 2000. steady. Native
beef steers, $6.25 S.75 : Western steers $5.80
7.40: cows ana neiters. iiWK.w; calves,
Stl.oo (a 8. 50.
Sheep Receipts. 6OO0. - strong. Sheep,
ST.40W8.4Q: lambs, fg.onm-io.tw.
A general banking business
Interest paid on time deposits.
imerclal Letters of Credit
Kxckan ge on London, Knfflaad,.,
Bought and bold.
Corner Second and Stark Sts.
F. C M ALP AS. Manager.
CONDENSED REPORT OF
The Citizens Bank
PORTLAND. OREGON ,
At the Close of Business, May 1, 1915.
Cash and due from banks. .$217,025.30
City of Portland bonds... 105,480.00
Real estate and fixtures.. 27.010.00
Capital paid In $100,000.00
Surplus and profits... 23,180.88
Statement of the Condition of
The Northwestern National
Bank of Portland
T at the Close of Business, May 1, 1915.
Loans and Discounts
United States Bonds
Federal Reserve Bank Stock
Other Bonds and Securities
Furniture and Fixtures
Cash on Hand and Due from Banks ....
, . 912,781.17
, . 109,966.68
Capital Stock paid in ;.. $ 500,000.00
Surplus and Undivided Profits 107,026.40
BOARD OF DIRECTORS
H. L. Pittock, Chairman of the Board
L. B. Menefee J. D. Farrell O. L. Price
A. D. Charlton John Twohy ' F. W. Lead better
Ai S. Nichols George H. Kelly Emery Olmstead
Statement of Condition
Lumbermens National Bank
at the Close of Business, May 1, 1915.
Loans and Discounts $3,642,424.84
U. S. Bonds to Secure Circulation 250,000.00
U. S. Bonds to Secure Government Deposits 75,000.00
Stock in Federal Reserve Bank 33,150.00
Municipal Bonds and Premiums $1,072,106.61
Other Bonds' 44,546.79 1,116,653.40
Furniture and Fixtures 53,600.00
Redemption Fund with U. S. Treasurer '. . 12,500.00
Cash on Hand and in Banks 1,870,141.02
Capital $1 ,000,000.00
Surplus and Undivided Profits 259,329.47
Charter No. 4614 .
Condensed Report of
The United States
of Portland, Oregon. -
Submitted to the Comptroller of the Currency at the Close of
Business, May 1, 1915.
Loans and Discounts 5,267,808.42
United States Bonds at Par 991,000.00
Municipal and Railway Bonds 1,787,668.12
Bank Building 125,000.00
Cash in Vaults $2,260,665.55
Due from Banks 2,463,101.76 4,723,767.31
Capital 1 $ 1,000,000.00
Undivided Profits 222,136.78
Circulation '. 800,000.00
Total , .$12,895,243.85
The First National Bank
of Portland, Oregon,
. at Close of Business, May 1, 1915. 3
Loans and Discounts ...$11,107,713.32
U. S. Bonds at par 1,800,000.00
Other Bonds, etc 1,856,098.20
Stock in Federal Reserve Bank 105,000.00
Bank Pren.ises and Real Estate 524,879.91
Customers' Liability Under Letters of Credit... o0,458.96
Due from U. S. Treasurer 75,000.00
Cash on Hand and in Banks 6,651,189.38
Cai'.cal Stock $ 2,500,000.00
Surplus and Undivided Profits 1,180,997.29
Letters of Credit 31,018.96
Security Savings and
Portland, Oregon, "g
at Clone of Business, May 1, 1915. J
Loans $ 498,763.93
Bonds," Stocks 361,412.27
Customers' Liability Under Letters of Credit 37,600.00
Cash on Hand and in Banks 107,566.78
Capital $ 250.000.00
Surplus and Undivided Profits 207,392-30
Letters of Credit 40,630.00
Report of the Condition of
Merchants National Bank
Washington and Fourth Streets,
,4 ' . at the Close of Business, May 1, 115. " ff
Loans and Discounts ....$2,251,319.16
United States Bonds 433.000.00
Premium on Bonds 7,18&9
Other Bonds, Stocks and Warrants 825,772.65
Real Estate and Mortgages 58,535.27
Furniture and Fixtures 29,500.00
Banking Premises 77,600.00
Current Expenses and Taxes Paid 11,668.91
Cash and Due from Banks 911,343.83
Capital Stock 500,000.00
Surplus and Undivided Profits 109,595.63
National Bank Notes Outstanding 325,000.00
Dividends Unpaid 448.75
Bonds Borrowed 125,000.00
Statement ( Ceadltlou f
Ladd & Tilton Bank
At th Close f BwhtM JMar . 113.
Loans and discounts 9 7.703.102.14
Bonds and stocks 3.369,217. 7
Customers' liability on letters of credit 71.&04.I1
ReaJ estate ' 60.000.00
Cash on band and duo from banks 3.C07.1SZ.27
Capital stork, fully paid
Surplus and undivided profits
Lttrs of credit
Reserved for interest and taxes
Deposits . -
.9 1.000. 000. 09
Report of the Conditio of
THE SCANDINAVIAN AMERICAN BANK
AT THE CXOSK OK Bl MKS MAV 1ST. ISIS.
Loan and Discounts 4 .b
Storks and bonds... 172. ..5.ll
Real estate 30.93.1
Furniture and fixtures l.lS...O
Canh and due from banks , 378.491'. 42
Total resources , 1.48,1(7.2S
Capital stork paid ln....4
Surplus and profits
' Total liabilities