Image provided by: University of Oregon Libraries; Eugene, OR
About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (May 5, 1915)
TTTE 3IORXING OREGONIA2T, WEDNESDAY, MAT 5, 1915. 17 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 proxies. 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 light. 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 throughout. 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 hares. 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. Closing 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, Vegetables, Ktc. SAN FRANCISCO. May 4. Butter Fresh extras. 23c; prime firsts, 22 Ho; fresh firsts, 22c. 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 W2.10. Receipts Flor, 5970 quarters; barley. 1430 centals; potatoes, 1427 sacks; hay. 403 tons. 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 session. 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 business. . 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: WHEAT. BONDS. 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- servo Cities, 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 Cleveland district. 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 Richmond. 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 Increase. .7 7 2 2!o P.l 4.5 44.1 .S1.9I9.R10.000 292.030,000 146,204,000 . 3 K.1, 490,000 75,133,9(10 72,407.000 40,.V10,OOO 33.4 1.5 14.0 8.9 0.4 2. 3.2 1.-..0 S.4 8.0 a.g 4.H 4.02O,OOO 31.1.-.7.0OO IS. 701. 000 2r,li,ooo 22.H92.oon 2:S.79.-.,OO0 1S.944.0O0 10,838,000 17.712.0H0 33.318,000 31.233.000 O.Tniimo M9.7 10,010,000 !. 11.432.000 1.4 io.iio.iioo r. lo.r.."vo.oou e 8.325,000 ! P.0O.VO0O 4.t 2.87S.oonr i3.e :i.i4:.tioo 2.6 1.H02.O0O 11.7 1,841.000 S..1 1.008,000 29.8 New York . Chicago Philadelphia. Boston . St. Louis Kansas City ...... Pittsburg Hau Francisco ..... Baltimore ......... Minneapolis netroit 'Cincinnati ......... Cleveland .......... Los Angeles ...... New Orleans ....... Omaha Milwaukee .. ....... Atlautn Louisville Seattle , Buffalo St. Paul Portland. Or rienver Salt Lake City Spokane . i Oakland .......... Tiu-onia . .......... Sacramento ....... San Diego ........ Decrease. 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, J4.7923. Bar silver SO He. Mexican dollars. CSSc. Government bonds steady; railroad bonds Irr.rnlRr. 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, tB'fcc. 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 Hib Bank ernia Savings OF PORTLAND, OREGON, vi STATEMENT AT CLOSE OF BUSINESS, MAY 1st, 1915.' RESOURCES. 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. 355,536.01 711,978.41 $3,146,996.71 LIABILITIES. 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 Total Deposits 2,821,390.11 $3,146,996.71 10c May July May July May July Open. 1.3 1.S5 76 ..... .7T 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 the shareholders. 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- fined steady. Cotton Market. 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, CORN. .77S .76i .77t4 .S0l .Vs .80 OATS. .i.St, .r.55, .R .!S6 .54 .54, .54' .54U MESS PORK. juiv is.:o i.40 i8.: lt.ss gept 18.60 1S.SI , 1S.60 18.S0) LARD. Julv 10."5 - 10.47 -10.SJ 10 45 Sept 10.60 10.70 10.57 10.70 SHORT RIBS". 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. tl.62i 4J.1.63. Corn No. l' yellow, 7sor75c; no. yel low. 77M;C. Rvc No. 2. 1.22. , Parley 76 80c. Timothy $r.50rj7. 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. 47,000 barrels. 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. Barley 6Sw)73c. 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, hay 8. 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 l-OTS. Metal Market. NEW YORK. May 4. The metal ex change quotes tin easy, 3S&)40c. Copper steady. Electrolytic, 19c: caBtlng, 18.r.0 18.75c. 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 Coffee Futures. 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 n Sale. 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, 2 cars. 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 Hulls :i.50(n'5.75 Stags . ! 5.008.50 Li?htS77 T.nO8.10 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, $9.5010.23. 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. The Canadian Bank of Commerce HEAD OFFICE Toronto, Canada. Established 1867. A general banking business transacted. Interest paid on time deposits. Cos imerclal Letters of Credit laaued. Kxckan ge on London, Knfflaad,., Bought and bold. PORTLAND BRANCH, 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. RESOURCES. Cash and due from banks. .$217,025.30 Loans 380.352.49 City of Portland bonds... 105,480.00 Real estate and fixtures.. 27.010.00 $729,867.79 LIABILITIES. Capital paid In $100,000.00 Surplus and profits... 23,180.88 Oeposita 606,686.91 $729,867.79 Statement of the Condition of The Northwestern National Bank of Portland T at the Close of Business, May 1, 1915. RESOURCES. Loans and Discounts United States Bonds Federal Reserve Bank Stock Other Bonds and Securities Furniture and Fixtures Cash on Hand and Due from Banks .... Total .. $2,367,209.67 60,000.00 17,250.00 , . 912,781.17 , . 109,966.68 .. 1,403,421.51' ..$4,860,628.93 LIABILITIES. Capital Stock paid in ;.. $ 500,000.00 Surplus and Undivided Profits 107,026.40 Circulation 50,000.00 Deposits 4,203,602.53 Total ...$4,860,628.93 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 of Portland at the Close of Business, May 1, 1915. RESOURCES. 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 Total .$7,053,469.26 LIABILITIES. Capital $1 ,000,000.00 Surplus and Undivided Profits 259,329.47 Circulation 250,000.00 Deposits 5,544,139.79 Total .$7,053,469.26 Charter No. 4614 . Condensed Report of The United States National Bank of Portland, Oregon. - Submitted to the Comptroller of the Currency at the Close of Business, May 1, 1915. RESOURCES. 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 Total $12,895,243.85 LIABILITIES. Capital 1 $ 1,000,000.00 Surplus 1,000,000.00 Undivided Profits 222,136.78 Circulation '. 800,000.00 Deposits 9,873,107.07 Total , .$12,895,243.85 Condensed Statement The First National Bank of Portland, Oregon, . at Close of Business, May 1, 1915. 3 RESOURCES. 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 Total .$22,160,339.77 LIABILITIES. Cai'.cal Stock $ 2,500,000.00 Surplus and Undivided Profits 1,180,997.29 Circulation 1,166,545.00 Letters of Credit 31,018.96 Deposits 17,271,778.52 Total $22,150,339.77 Condensed Statement Security Savings and Trust Company Portland, Oregon, "g at Clone of Business, May 1, 1915. J RESOURCES. 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 Total $1,005,332.98 LIABILITIES. Capital $ 250.000.00 Surplus and Undivided Profits 207,392-30 Letters of Credit 40,630.00 Deposits 507,310.68 Total $1,006,332.98 Report of the Condition of .1! Merchants National Bank Washington and Fourth Streets, Portland, Oregon, 4 ,4 ' . at the Close of Business, May 1, 115. " ff RESOURCES. 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 Total $4,60582flJU LI ABILITIES. 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 Deposits 3,545,781.78 Total $4,605,826.21 Statement ( Ceadltlou f Ladd & Tilton Bank At th Close f BwhtM JMar . 113. RKHOUHCK1. 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 $14,110,87.01 LIABILITIES. Capital stork, fully paid Surplus and undivided profits Lttrs of credit Reserved for interest and taxes Deposits . - .9 1.000. 000. 09 . 1.30t,l'3g.7 si.:;6j.:t; 3U.000.00 . 12.2S8..1H.'i.8 14.gI0.S7 .01 Report of the Conditio of THE SCANDINAVIAN AMERICAN BANK Portlaad, Orrfom. AT THE CXOSK OK Bl MKS MAV 1ST. ISIS. RESOlRtKS. Loan and Discounts 4 .b Storks and bonds... 172. ..5.ll Real estate 30.93.1 Furniture and fixtures l.lS...O Canh and due from banks , 378.491'. 42 Total resources , 1.48,1(7.2S I.IABILITIK. Capital stork paid ln....4 Surplus and profits Deposit ' Total liabilities ..$ ion, 25, .. 1.S23 000.00 101.42 .(. H4 .ll.648.PH.2t