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■DO CONCERNS fTDRM MERCER IPjfrtt Signal Motor Truck Cos. and ||| rm Motor Cos. bar* been HfMgii la the Signal-Commerce WSm Truck Cos., and incorporated HUN* York state, with 600,000 EMawsf stock of no par value. The HKI i> lo bo underwritten by 14 jaHafeen of the Detroit Stock Ek- Pull, Who believe tbat the prcpo- IpHMn will be over-anbacrlbed. PMRIO now company la wholly a De- Nffigtt etputlaatlon and Ita officer* am ffistroit men. Thomas Neal, former rpMaldfint, and later chairman of tho ( board of director* of the Geneml [iMan Cos., and now rice-president [ «f that company, will be chairman of rlbe now corporation's board, and iffiffil direct Its policies. Among oth [db directors will be Myron Neal, of |tbo Acme White Lead A Color iWtorfca; W. K. Parker of the Mexl \mm Crode Rubber Cos.; Arthur H. Ml and Thomaa J. Boeqnett. of the liatni Insurance Cos., and W. K. of Chicago. Several other | gmn prominent In Detroit auto and tMldaf circles are to be directors l; of dm concern. i v The merger unites two organisa- E diM manufacturing a complete line and( trucks. Mach la said to have shown n substantial profit In tbe jut if months. Material Improve gMßta nr* to be made In the Signal lint, st»«* the Commerce plant Is to Is moved from Solvay and Mackle* to the Signal company’s plant, go, €7l Commonwealth-ave r of tha Signal com- Mmy was about 1660.000 and the Qtmmofoo About $2f0,000. gurnet L. Sprague, Investment IrOmr. denies tbat any other truck gampniles are to bo Included In the gltrgrir Mb. Sprague says. It la un* haratood. the stock la to be offered AUs share when Issued. Produce * fkmimlaslnn men reported ao effimwe la quotation* this moraine, lml receipts sll along the line were ofiqr moderately heavy, and the tone K, |he market wa* firm. Some effort Ms made to advance poultry pUcea tittle, but aa the market U already Seer kigh. tha effort wae not eue- MMafuL So far a* possible, both SRiaaale and retail dealer* allowed ghsks ta run down for over the lone Wider and since that time everv hndy la short of supplies and the re. gpipta J)WS not caught up with the TTsir tl.Koffil.7l per box I_L lmsssi —* Shipping stock. MJlffil par knack. S"TCl»a—Dried Unat, #4 07* lb. Strawberries 84-qt cases mkfffiS; blackberries 84 25 bu; HMUaSaavta* **&«•« p*r bu, Mjgnpkeerlee. |l.§6 per lt-at. case: Waok raspberries 34-qta. |404 54. >|| ttsmjrrisa 94-qta. utt zl SplMaewSa ffiinssa—Cherries fits, nprtoota, jits par bos; plums |S.KO: jeaebes fI.H par bos. ftmlmeiill—ll.Mffil.Tl per bos fnVrnglr— r TT**‘ crate. Cpo— —Michigan flats 14 4e: New ferk UHc; Swiss HffiSOc; Imported He; 1-lb., like; brick cream, 164 c: fmtg horns ld%o; daisies U4ti wfs por Ik jfeSPORT or TMK CONDITION OF THJEC AMERICAN STATE BANK Detroit. Mick., at the close of bust- MM Juae SO, 1010, as called for by K the Commissioner or the Bank'n* Department: KEBOURCKB AUease and discounts, vis: t tShamMi dept.. 794.250.54 2.121.19:4* B Mb a is.' mortfscesand seceritlea, via: Tifpt. « 94.100.09 * fdtiaas dept.. 1,739,1 »J.40 1.833..140.1 5 fir. Premium account 0,010.43 * Overdrafts None r : Accrued interest 1,343.03 polriif house 109.000.40 |HplMe and fixtures... 60.739.03 f Other real estate 10,099 43 El-Dim (Tam other banks and E£va*akera 53.700.i0 feljMtM lh transit 30,170.09 K thspease 73.34 l RESERVE n Commercial p Xhse from banks Ek v la reserve oit ( 9304,039.1S |V. ft. and Na -811100 l baa k m> sarrency 99.040 00 KiDMd coin 3.472 50 !«Vtr eoin 55.440.90 i ' PKwels aad f esats 1,190.01 A. 0399,910.01 |JN| frees Wake it r. ... . ?! ,4909.439.94 > asrreccy 199.000.00 CoB seta 90,990.00 _ 9499.49944 147479.10 : okaolu aad other cash , Usohs 99749 Sf/fcetal .99.040,919.91 • LIABILITIES ■Mol stock paid In 9 300.000 oo ;Hph (aad. 51,000.00 ;. Mjwßvtded profits, net . ... 4.014.11 flHdaaAo unpaid 3,74100 i , subject to rjjMiit t ... .41,194490.99 i^MrtuCates iW «Mit.. 3,000.00 (aaUf'i f/fMeeks out _J steadies . K9.995.1S Jfeats , tacaiss ..jgea deposit.. 10,090.00 aad CC»« 31.999.14 MU Savinas /deposits ... 9.979.99 ■fcONias depos its (book ac ewuuts) .... 1.949.01104 cer tiaeatss of glr" 1« 4.734.799.20 MIMM 49440,911~>1 mate ts Michigan. . Oouatjr of Wayne. ss.. t. J* Walter J. Hsye*. raehler of ths iRPN aamed bsnk. do eolemnly swear -<Mkt ike above statement IS true to fS| VCM of qir knowledge and be- MlaM eorrectly represent* the true KfeDptf of the eeveral matters therein as shown by the books I, J**F' J - HATES. Cauhler Baker r I bed and sworn to before me ■ifcTs Ttti day «f July, 1914. I . IfAREt. B. YANSfCKLE. Mr Koiory rublic, Wsvne Connfv HLjMf BdWtsslon expires Feb 21 WW' Bbßf Mmo ■luJUui smith. Wgm' * , Directors rbesilie —Hour. Util 10 per 10-ql Cart sale —Red. $2 50't12 75 bu ' Dre Med Calve* —lancy. 15<u 1. S<*. eommon 120 lSc lb Fioek tegetablee—Oreea neppeia. fj 40 crate. 40c ba»k**t. radishes ftc doe.; parsley. 20 u 26c dm ; cu cumbers hothouse i'JiiTe hot house tomato##. 1 8 4 0 1 3e lb : carrot*. 10 0 96c dm.; heed lettuce. iceberg. §lft 01 50 bu; wax burn*, bu.. green beans. t1.604*1 7t hemp<r. Florida tomatoes, |2 Ib'u « . <*« i»»- paragua, sections $1 2»<t Ibox; green peas. *1.760 2 bu . watercre»e. fto 30c per crate; green « mho- 17,( lie do*.; green corn. 150 5 60 tbl Honey—-rancy white, new. 14.#17c. amber. 10011 c lb.; extracted, talc per lb. Hay—Detroit shippers are paying the following prices for fated nay in car lots f. o. V. Detroit V. 1 tim othy. 921 60023; standard •tmothy. 930.60021; iTgnt mixed. 12 j«®2T; No. 3 timothy, 118019, No. ; mixed. f 16.600It. No. 2 mixed, sll<fl2. N>. clover. 918014, rye straw l 7 Rotif; wheat and oat atraw. ft.Boo* per ton. Leneae- 14.760 8 29 per box. I.law —(1 in a 1.36 per 100 Helena Rockyforde. etandaru*. 94.60 crate; watermelon*. 3’ j 60c each. Nubreea*—4o 0 60c lb Oraaaee —Valencias. 8404 76 bos. Valencias 18.6004 per box. Oaloae —Texas Bermudas yellow. 12.15 tit 2 26: white, 87.25 rrate: south ern. 98 76 04 per hundred pounds Peaches —Texas. 82 75 r*d 4-tx*ket crats reaches —Texas 6-ba*ket orates. 92.6003.75. Ptaeaaalew —92.75 0 8 per crate; 91.25 01.76 dns.; Floridas 8104 case Petateca—New Southern. $3.65 ft 8.75 bbl.: 11.7608 bu. Paaltrr —Broiler*. 1502'<c: medium hens 17 018 c; stags. 12 013 c; geese. 11012 c; ducks 18020 c lb. JOBBING PRICES Canaad (ieeda—Apples. *2 28 02 50 gal.; Lima beans. 110125. Corn: Fan cy Maine, 11.16; etandard. 91. Table beets 91 2601.4#. Peas: Fancy early Juns 1180; standards, fl. balmon Jtall, 92.80; fiat Pings 80u Tomatoes 1.16. Marrowfat peas F; early une 91.60; sifted early June. 8140 par do*. Feed—Jobbing prices In 4-bbl. sacks: Bran. 124; standard middling*. 1199; fine middlings. I3t, cracked corn. 988; orn and oav chop. $39 ton. Fleur —Jobbing prices: Best Mlchl gat patent 96.80; second patent 15.70; straight. 16 60; pure rye, $4. spring patent. s#.3o per bbL In paper sacks. Detroit Oil—Raw llnaeea S9c; boiled linseed. 70c gal m t*-rel lota. Kerosene In iron tiarrel*. Diamond headlight t.3c; perfection. * »c; pal aeins 10.9 c; red crown gasoline. 19c per gal. Hardware—Nails 82 80 k-g base;, annealed wirs 12.90 per bundle; gtl- | ▼anixed barbed wirs 2-polnt. $2 22 j par spool; galvanised sheets. 24- gaugs 94.10; 27-gauge. 85 10. 28- fauas 86.35; 80-gaugc. $5 05 per cwt : luni bronzed axes, single handled. 18.60; double. 912 5n per dox Me k sheet metal, 22 and 24-gauge. $3 2 r >. 2t-gauge. |8.30; 27-gauge. $3 36, 25- gauss 18.40 per cwt. Carnage bolts ■ mall. 50c 10 and 6 off larg- . 40 and 9 off' machine bolta. small 50. 10 and 10 off; large 40c 10 and 5 off Nat. Hides—No. 1 cured hides. l«4c. N • ; green bides* 16c. No 1 cured bul'.?. Ac; No. 1 green bulls 10c; No. 1 i ured veal k!p. 20c. No 1 green veal Kip, 18c; . o. 1 cut »and m irra.n. l*o; Ito. 1 green murrain. l*c. No. 1 cured calf. 28c; No. 1 greex calf. 25c. No. 1 horse hides, 8t; No. 2 hides 15. No. 1 tallow. 8c; No. 2 taliow. 7c; No. 9 tides, lc off; No 2 kip and cvf. i iUc off; eheepakln 'as to amount «f wool). 50cfl 92 50 I CMNMNK. IMMI M-M —— ' | Financial Strength J OF THIS INSTITUTION AS OF JUNE 30TH, 1916 RESOURCES Loans and Discounts $2,040,116.26 ! \ S' I—* nn«l Mortgage* 6,109,792.22 ; V Raal Estate and Banking Houses 233.653.73 Cask oa Hand and Due from Banks 1,664,160.41 Li ABILITIES '/ .^UAfSdJ, v ‘ Cwafcol Stock $ 800.000.00 j limfv uNM Snrplne and Undivided Profits 21431646 aHMIm k> 1 »?-“• xoeiiJijj | -■ fs | Mm* P-n-t. om | I r h mlpwm I “Look at these figures” They five you in condensed form the condition of ths German American Bank at the close of busineM, June 30th, 1916. a* required by the Commissioner of the State Banking Department. RFHOt K( M. m*n.i ■ im Loans aad PUeounU 9a.IMJTS.OO CasMal Meek. 0 OMJSeJS Furniture and Fixture# . ... tOJtl 00 Dirldead* CMdi 10.110 JO fcrW-SS! jjftfirS IXZrvSfr: ::::::: UZV& 00J04 JSISS 04J04J07M omcm oraacToas 2" "it 7“ Chari os D Aaron W KM.r ‘.•“ 1 * r ' r \ T . L _ 9u«tav Darmataetter Abner B. Lamed ,* Chaa W Kotcher > Vice-Proa r. Oray Irvtn* Lea# Abner E Lamed * William J Hartwlf Edward A U»*ie Edward Tenterh, Caehler Chas E Ranter Ora J. Mulfoitl iohn Kwh A»»* raehler , j« n h Klrrhner Crrentoe A ntwrenk, ft I J. Ko< h, A«»t Cu.hl-r v,, C K<vh Ooetavn* D Pope •mil lecob. Auditor German American Bank ntAXtHf*. rhriw end t.ratio* HRiM REX TO BF. OFF.BF.O «OON. FrmdaJe aed Sprin««e||. . '•t Hamilton and H ehh •••epn < ampna and Nrwtnn. W nod ward and Elio* I Financial Notes | American Smelting and Refining ; has reduced the price us lead from j7to t cents. i ■— The Iron Ai« has received a w|r# from Duluth that the ore strike sit uation stands "Ut where it did a week ag'V Kfforts to organtae tha dock w, rkers were without avail. Oie shipment* are going on steadily. Reading officials deny the report current ;n Wall-st that the company has »r Is negotiating the sale of ntthei. or both, the Philadelphia Reading Coal-Iron Cos, or the Read ing In>n Cos., to the Bethlehem Steel corporation. The formation of another new au tomobile aoc->ssory combination 1* under way. Promoters are attempt ing to secure control of certa'n im portant companies Two similar com o.inles have been launched recently, t’nited Motors, and M >tor Produeta Both the American and British In terests which will be represented on ti» new board of director* of the International Mercantile Marine Cos The Peoples State Bank Announces the Removal of Its ARCADE BRANCH to 99 Washington Avenue (ADJOINING THE STATLER HOTEL) The new banking: offices have been especially de signed for the accommodation of its patrons and a commodious, well appointed Women’s Rest Room, on the mezzanine floor, should be an attractive feature. Safety deposit vaults, equipped with the most modem devices for protection and convenience, con taining boxes of various sizes, for rent at moderate prices; also space for the storage of silver and other valuables in bulk will occupy the extensive basement floor. Resources Over Sixty Million Dollars DETROIT TIMES I favor a plan In build new ship* out Os earning.* Tentative plans under , way. call f<>r construction of a large number of ships out «>f cash reserve* of the company. While new construction »rr'‘°P r i»* tlon* of United States Steel aggre gate Itt.OOO.dUi) to 190.000,000. It t* not the purpose of the management to carry forward its building cam paign with a rush A Urge amount of money will go into construction this year, but millions of dollars will be held In reeerv* to be used for construction during the next period of depression. June was the biggest month in his tory of United Fruit Cos. Net profit* reached 92.5*0.009. This is at least 8600.000 larger than the blggeat pre vious month the company has ever had. and equals over five per cent on the 848.000.000 etock During May and Juns. United Fruit earned about 84.440.000 net a sum equal to more than an antlr* year's dividend at the rate of I per cent An entirely new taau* of war bonds will be authorised by con gress Panama canal bonds now au thorised. are not to be Issued to rule* money to pey expenses of any military operations according to present Indication# at the treasury department The Panama bond# run for 80 year*, and the administration is opposed to SO >v*i« interest ehsTges Kpseial n*r bgnda of small denomination* running from one to live year* probably will be the m< ilium* it la atated at treasury. Woodbury, N. J . prohibit.* drink ing by city eroplbyea wnen on duty REPORT OF THE CONDITION OF THE GUARANTY TRUST CO. OF DETROIT At the close of business June JO. I*l*. as t>lls(1 for by the Commissioner of the LUuking Department RESOURCES Collateral loans, llms .1 7,150 00 Loans on real estate. mortgages, tn ofUes . S2.JJO 6J Due fiom other banks and bankers; Items In transit 699 00 Du# from ap proved re serve agent* 1170,482 It Nicks sand cents .i Silver coin ... Gold coin 423 00 170.192 10 Total > 141.H3 »> UABIIJTIES Capital stock paid 1n... I 00 Surplus fund. ?! Trust dsposits L*o4 1# Other ItablUtlss. »« » Total > Mi ll! II State of Michigan. County of Warna aa.: I. W v. Butler, secretary of the above-named corporation, do eoiemn lv swear that the above statement M true to the best of my knowledge and belief W. V. BUTLER. Secretary. Subscribed and sworn to before me this «th day of July. JPI« WALTER J KRUEGER. Notary Public. Mv commission empires June IS. I*l9. Correct—Attest: FRANK H. RESSUNGER, HAROLD R MARTIN GEORGE H. KIRCHNF.R. Directors Report of Condition of the Detroit Xytkesalßaxk At the Close of Business June 30th, 1916 RESOURCES Loans and Discounts $32.848.92 ! 34 U. S. Oords 1.959.420.00 Qo d3 a~d Securities 9,136.32136 Re'l Estate 30 .000.00 Safe Dcpos t Vaults, Furn tu.-e and Fixture* -15/.541.11 Customers’ Liability Urder Letters of CrcJ't 201,314.00 Foreign Bills Purchased 45,206.53 CASH RESOURCES Due from U. S. Treasurer 9 “20.750.00 Due from Banks 9,465,821.47 Due from Reserve Aflento £.829.’26 34 Casn on Hand 5,899,976.29 560.264,390.35 LIABILITIES Capital Stock $ 5,000.000.00 Surplus Fund 2.30 C 000.00 Und vided Profits. Net 291,9 Divderd No. 9, Payable July Ist. 1916 100.000.CX1 Rese ved for Irtereit and Taxes 169,0/2.21 Circulat.cn ..... 1.436 200.00 Bond Account .00 Lette sos Cr- j t Fore.gn Bills Rediscounted 45,228.53 Deposits 55,421,695.19 $65,364,390.35 OFFICER* Airs. MrPfcrr»««. < hnlriiiMn of tkr llounl Emory >4’. < lark, I'rraltlrnl Rw. J. firry Vlre-Prra. Walter Mrkolnon C*«hler Wa. T. Ilet,raff ... Vice-l*re*. \V. I Me VV binary l»al. < s»Mrr Frank fi. »mlih .... Vlee-Pro*. F. I'. I hrbl e last. < nuhler Merle B. Moon Vlee-I’re*. Rimer l;. Kuril %«vt.ln»hler John W, a*ale> Vlee-I*r<*a. Ilnsaell K. *n»lth a«bler Edward C. Mahler Vlee-I*rea. .lame* %, U 11,<,n l«»l. I nshier John M. Hart Vlce-I*re«. !.. K. Mer* Mgr. Foreign Kaehg. CONDENSED STATEMENT OK Merchants National Bank DETROIT, MICHIGAN At Close of Business, June 30, 1916. RESOURCES Loans and Discounts $6,506,564.42 Bonds, Securities, etc. 848,097.07 Customers' Liability under letters of credit... 100,000.00 Overdrafts 307.43 Furniture and Fixtures Charged off Cash Resources Due from Banks $1,311,679.89 Cash on hand 841,234.03 Total $9,607,882.84 LIABILITIES. Capital Stock $1,000,000.00 Surplus 250,000.00 Undivided Profits, Net 175,211.86 Reserved for Interest 13,761.72 Reserved for Taxes 24,654.18 Letters of Credit 100.000.00 Deposits 8,044,255.08 Total $9,607,882.84 orncr.n* JOBS SALLASTVSr rrf.M.nt DAVID CiBAV.... . \ I'.-I'rr.litmi JOHN V. HEHHEI F.H t li-f-Crfalil.iit WBSJ. O. VKHNOH Vlr,-PrMldrn< and t nabler ALfHED T. I.KHCMKN Minicrr of « rrdlia HR.VRV WIBOKRT, Aaalatant t aabler WAITER R. JOV Aaalatant l a.hlrr Dlßr.t TORI J«bn Ralliatrat Jokn A nrtlrntf Inkn I*. It rwnif|.r Walter O. Hrt«a« I nman I H, l.r„l* liar It- I)«**ktr Oran *. Ilant* A'rrU'k H. atetena RtMT* E. lAadar I ml' *tr«*k ADVERTISE IN THE TIMES—IT PAYS. 3% ON YOUR DIVIDEND CHECKS Don’t let your dividends lie dormant until ready to invest them. Deposit them in this bank, where they will earn 3D interest from date of deposit to date of withdrawal— Interest for every day they are in the bank, whether one, thirty or a hundred. JULY is the time that most banks will figure Interest on savings deposits. It makes no di(Terence when you put your money in this bank—except that the earlier the date the sooner it starts drawing interest. The Bank That Says "Thank You" Highland Park State Bank of Detroit 43 Fort Street West—Penobscot Building. Detroit Patriotic Fund I hereby contribute $ toward a fund to be establisned for the relief of wives, children and other dependents left in want by the contingencies of military service in this country’s interest. Signature Please send contributions to "Detroit Patriotic Fund.” care Postmaster William J. Nagel, or care Mayor Oscar B. Marx. For information phone Light Guard j Armory, Main 4890. CONDENSED STATEMENT OF Wayne County and Home Savings Bank DETROIT, MICHIGAN At the Close of Business June 30th, 1916. RESOURCES Real Estate First Mortgages SI 8,621.661.78 Bonds 6.912,948.77 Collateral Loans 6,718,618.88 Loans and Discounts 4,367,858.36 Banking Houses and Branches 1,374,602.87 Cash on Hand and in Banks 10,505,776.00 $48,504,466.86 LIABILITIES Capital Stock $ 3.000,000.00 Surplus Fund 3,000,000.00 Undivided Profits 1,068,629.35 Commercial Deposits 8,524,782.38 Savings Deposits 32,911,055.13 $48,504,466.86 Condensed Statement of The PEOPLES STATE BANK DETROIT, MICHIGAN. At the Close of Business June 30, 1916. RESOURCES Loans and Discounts $30,362,755.66 Bonds 7,866,852.76 Mortgages 12,363,856.77 Real Estate 108,909.85 Overdrafts 9,558.60 Banking House and Branch Buildings 1,250,000.00 Furniture and Fixtures Charged off Cash on hand and due from banks 13,519,127.44 $65,481,361.08 LIABILITIES Capital Stock $ 2,500,000.00 Surplus 2,500,000.00 Undivided Profits, Net 1,138,381.34 Dividends Unpaid 75,156.00 Commercial Deposits $25,633,171.31 Bank Deposits 6,855,979.65 Savings Deposits 26,778,672.78 $65,481,361.08 DIRECTORS Ruaael A. Alger M J. Murphy Georg* H. Barbour Frank J. Hecker W Howl* Muir W. T. Barbour Fred W. Hodge* C. W. Naah John R Bodde J. C. Hutchlna T. 11. Newberry H. P Borgman J»" T. Keen* Henry Ku»*H H. M. Campbell H. B Hiiro Srherrr B. R. Colburn Jae. T. MrMillnn F A Rchulte C. A. iMP'harme R R Maeon Aprus Smith Jeremiah Dwyer Fred T. Moran Homer Warren Prlntltir—d, Alai—lkit rial* neat hind— that la rtafet —Tinea Jab D(t>« 1 Rata 4MO. la Haht—-Tinea Job 4RRO. JULY 1916.