The sun. [volume] (New York [N.Y.]) 1916-1920, July 20, 1919, Image 14

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The sun. [volume], July 20, 1919, Page 14, Image 14
About The sun. [volume] (New York [N.Y.]) 1916-1920

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The sun. [volume] (New York [N.Y.]), 20 July 1919. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030431/1919-07-20/ed-1/seq-14/>

Newspaper Page Text

H
III1 - ll
THE SUN, SUNDAY, JULY 20, lflfL
Maury
Rogers &
Auchinclou
Inquiries
Invited
on all
Listed
Securities
Members
N. Y. Slock F.schange
N. Y. Cotton Exchange
Chicago Board of Trad
28 Broad St.
Correspondence
Invited
H e intitt correspondence en Sfece.
Mar hi commitments and all invest
ment subjects. Frequent analytical re
ports issued and mailed gratis. Special
weekly Cation Utter and Grain ictlete
upon request.
L W. Wagner & Co.
EsfaWlshsd 1M7. CUcmf
TV VTRK STrXTt saDtArTCI
HSW YUBA ajTMH EXCHANH
new ton. mcoua MM
(tv Jjrra asp suoax acnj
cwcaoo dqXroottrau
uautuu a ris-a nuwu
QMUND CTDCR BKHAMI
MmtASOtlS CXAMBt-OOWUKI
STUMlSMIKnANTS BOMB
II Ktw StrttM () Hew Tert
rMad. Aw. et 4 2d Bt,
. J 105 West 82d St.
Branches ;6 C()urt st., Bktun.
1810 Broad St., jeurorfc.
Long Bearh. L. L. CaMlca-hy-the-Sea
MlLLER&60.
Members
NeWwrk Stock Exchange
Securities Bought for In
vestment or Carried
on Conservative
Margin
K20BRQADWK5f
Branch. Offices
212 FIFTH AYENUB
CQR. 26 STREir
. LONGACRE BUILDING
R. E0H-42nd ST. BROADWAY
MEW YORK..
Texas Producing
and
Refining Co.
Traded in on tha
New York Curb
Circular cm Request
H. Raphael & Co.
Inustment Securities)
74 Broadway New York
Phone 5333-4 Rector
Pittsburgh-TexasOil&Gas
Arkansas Natural Gas
We have prepared
Special Circulars on
these stocks, which will
be sent on request.
RCMEGARGELXCa
27 Pine Street - New York
Direct prtvate wire to Pittsburgh
Herrick & Bennett
Members of N. Y. Slock Exchange
Main Office,
66 BROADWAY.
Branch j 51 Easl 42d St.
at l4yZ Vanderbilt Ac.
I Mil It MAN'tOEMKXT OP
RALPH H. DUNN
Arkansas
Natural (Oil) Gas
Common
Douglas Fenwick & Co.
34 Wall St.. N. Y. Tel. loSn 4220
fl
V
ATER-
FRONT
PROPERTIES
FACTORIES
and FACTORY SITES
FLOYD S. CORBIN, Specialist.
T.I. iKttr Sltl to Wall at.. N. r.
I'eiinsi l aulu Crude Oil Market.
On. Citt, July 1. Credit balances,
$4 Run 128.188 : average. sd.VIZ.
Shipments, 14.677 ; average, 62,311.
SELL $30,000,000
SWISS BONDS HERE
Syndicate of Bankers Is Buyer
of New Issue, Which Will
Be Offered to Public
EXPECT PRICE TO BE 9G
Funds to Be Used for Retiring
Last of 1915 Issue and
Buying Supplies.
The Government of Switzerland, planning-
extensive purchases of foodstuffs,
machinery and raw materials In the
United States, has sold an Issue of
$30,010,000 6'4 per cent ten year bonds
in this market. They have been taken
by a syndicate composed of Lea, Hlg
glnson & Co., fiscal agents of the Swiss
Government In the United States; the
Guaranty Trust Company and the Na
tional City Company. A public offering
of the securities will he made early
next week, when the Issuing; price will
be named. It Is expected that this price
will be 96. at which the bonds will be
worth an even 6 per cent.
A part of the funds thus obtained
probably will be used to retire the last
35.000.000 of an Issue of flS, 000.000
floated In this country by the Swiss
Government In 1915. It was a 5 per
cent. loan, maturing; In one, three and
Ave years. The portion of this loan
unpaid, amounting; to 35,000,00, will
mature In March. 1920. and the current
loan Is of sufficient size to retire the
last of that Issue and finance prospec
tive purchases here.
Lee, Htgglnson A Co. Issued the fol
lowing statement yesterday ;
"A new Issue of 330,000,000 6 H per
cent, ten year bonds of the Government
of Switzerland has been bought by a
syndicate headed by Lee, Htgglnson A
Co., the Guaranty Trust Company and
the National City Company and soon
will be offered to the public. The total
Swiss general debt In 1919 was about
$286,000,000, or about $75 per capita,
considerably lower than that of any
other European country with the pos
sible exception of Denmark. The Swiss
loons quoted In London and In the.
United States have fluctuated very little
and the Interest rate has been lower
than that of most European countries.
In spite of the unusual cost of main
taining itself on a war footing to en
force neutrality, the financial situation
of Switzerland is sound and the country
has come through the severe test of the
last four years with Ita credit good and
Its resources intact.
How Funds Will Be Spent.
"In 1915 a syndicate headed by Lee.
Higglireon Co. sold $16,000,000 gold
serial notes laaued by the Government
of Switzerland, of Which $10,000,000 ma
tured and promptly was paid.
"It. Is expected that the proceeds from
the Issue of $30,000,000, soon to be of
fered, will be devoted to the purchase of
commodities produced In the United
States.
"The nationalization of the railways
late In the last century puts about 2,000
of the approximately 3,200 miles of rail
road In the country under Governmental
control. With the railways the State
assumed a debt amounting in 1918 to
about $349,800,000, not included In the
general debt of Switzerland, as the rail
way accounts are kept separate from
those of the Government. In normal
years the railways tiave shown a sub
stantial profit, considerably in excess of
the annual requirements for Interest and
sinking funds.
'The Swiss banking system resembles
that In the United Status. There are
more than 300 banks, with resources of
about 32.414.000. During the war the
Swiss franc was quoted at a substantial
premium In most countries.
Th. foreign trade of Switzerland
amounts to nearly 31,000.000,000 a year.
The help of foreign capital will permit
Switzerland to develop Us great water
power, making tha country Independent
of the costly Importation of coal and oil.
Snl'ii'rlnnd'i Help During; War.
The Swiss people have maintained
neutrality during the war with much dif
ficulty and at a large cost. An efficient
militia of 400,000 troopa was maintained
In this oldest of all existing republics,
but It cost the country about $207,700,
000, of which, with that prudence char
acterising this simple, frugal and indus
trious people, more than one-third has
been covered by direct taxation.
'The world's gratitude Is due Swlt
aerland for Its humane care of the sick
and wounded and prisoners of all com
batant nations. In one portion of this
service, the distribution of mall, the
Swiss postal authorities handled more
than 600.000,000 letters and parcels
free of charge, at a net loss to the State
treasury of $9,600.
"The basts of security for these tmnds
Is the character of the Swiss people.
Contributing to this character Is a uni
versal compulsory system of education
which makes Illiteracy almost unknown
Schools aro numerous and well attended
and there are many private schools
special scnoois maite a reature or com
mercial and technical Instruction. Seven
universities have more than lB.onn stu
dents. Agriculture In the valleys Is
highly developed, wheat, oats. corn, bar
ley, flax, hemp and tobacco forming the
principal crops. Forests cover about
sixth of the surface of the country.
The manufactures consist chiefly of
silks, cotton, linen, lace, thread, wool
lens, clocks, watches, leather, gloves,
pottery, tobacco, snuff and cheese.
'The labor situation has been sails.
factory. Bolshevism is finding no soil
in which to grow, although the asylum
granted so freely to all people has per
mltted the presende of agitators."
THE STOCK MARKET.
The NeW Tork Stock Exchange was
closed yesterday. For the convenience
of readers Flda) "s closing bid and asked
prices are reprinted.
1111 Alked.
QUAKER OATS OFFERING.
Issue of 97,200,000 la Being; Put
Out by Syndicate.
An Issue of 6 per cent, cumulative
preferred stuck of the Quaker Oats
Company to the amount of $7,200,000 Is
being offered at 99 and accrued- divi
dends by a banking syndicate composed
of Lee. Hlgglnson A Co., the Merchants
Loan and Trust Company and the Illi
nois Trust and Savings Bank. Aecnrdlnr
10 the members of the syndicate tho cor
poratlon Is the largest manufacturer of
oatmeal, rolled oats, corrvmeals, hom
iny, barley and similar cereal food prod
ucts and of commercial mixed feeds for
animals In the world.
Its net earnings In 1918, before de
ducting Federal taxes, were $6,407,760,
or nearly six times the dividend re
quirements on Its total outstanding pre
ferred stock, including this new Issue,
After deducting Federal taxes they ware
$3,601,589, and for the last Ave years
have averaged $8,609,118. During the
last ten years $13,301,467 has been re
Ir vested In the business out of earnings,
exceeding the combined preferred and
common dividends paid during that pe
riod. The proceeds of the $7,200,000 of (
per cent, preferred stock and the $750,
000 new common sto.-k to be Issued will
be used to reduce floating Indebtedness
Incurred In part for plant account, thus
Increasing working capital and further
Adamt Ecu M
Advance H. 41 .
do pi n
AJax Hub. 109
Alaska Gold 3
Alaska Jun :4
Al Ch Mil. i v
do pt 94
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do p( 9814
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do pf it
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'do nt
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Am Bk Mi. 97 100V4
do pf 172 174
Am Can..... 60S 60S
do pf 106 1064
Am Cr Fdy.117 lit
do pf n.'.w ui
Am foal.... 41
Am Cot Oil 6SV4
do pf o
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do pf lilt
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Am Linseed 7714 mi
uo vi ep
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do i,'. 10
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do pf log
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do pf t
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do pf in
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no PI SR1 991,4
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uo pr 100
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do pf 100
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do pf 63
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do lit pf. 78
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do pf 71
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. do pf 108 108
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Bkn Edlaon.lfil
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lo Pf 100
Brunswlek.. 9U
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do pf 62
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do pf 04
Burn. Broi.iso
do tlf 11A
Bush Term 80
Butterlck... JJ
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Cal Pack... 7hT
do nf... m.t
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.ani-c ...164U,
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no lit ... 0
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IMPORTANT TO IMPORTERS 1
WE SELL. EXCHANGE on and make CABLE TRANSFERS
to ALL PARTS of
GERMANY, GERMAN-AUSTRIA. CZECHO-SLOVAKIA,
JUGO-SLAVIA. POLAND, ROUMANIA and FINLAND.
If dtslred. the MARKS and KRONEN checks can remain with
us on deposit, and we will allow Interest from the day of purchase
until the time of remittance abroad.
INQUIRIES SOLICITED
7immermann & pprshay
Members of the New York Stock Exchange
170 Broadway NEW YORK 170 Broadway
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Tii Alloy... 51
L'n Drue... 134
do 1st pf. 50
do 2d pf..ist
1! 8 Ezpr.. 27
1! S Food.. 7744
l'n Fruit . .185
L'n Ry Inv. 13
do pf 91
L'SClPlne... 23
do pf 69
ISHlirAIm 44
1' S In Alco 144 145
00 pi in. 104
V S Rubbr.l7. la
rtnh Cop... 9544 96
1'tah Sec... 17 18L
V H Smelt.. 71 72
do pf at
V S Steel.. .111
do pf 117
Va-t'aro C. 67
do pf 114
Va IC4C 64
Wahnh .... 114
do nf A.. 36
dn O B pf 23
Wells Far.. 66
Weminshae. 57
Wnt A Br.121
Weat Mil... 14
do 2d pf.. 26
Wet Pac... 24
do pf 41
Wet I'nion yt
Wh A L E. li
do pf ;i4i
White Mot. 71
Wllaon 101
do pf 10044
Wiltya-OTer 87
do pf 7
n. ven.... 40
Woolworth.131 133
do pf HI in
Worthirtn p si 83
do pf A.. 95 fl9
do pf II.. 77 ;g
Ex dividend.
104
90
130
65
27
97
111
76
114
64
116
120
6784
105
37
39
63
103
64
1
11
224,
63
212
113
73
84
r
38
IS
10S
200
125
31
6M
15
121
139
93
113
66
47
110
16
6m
III
103
65
63
Transcontinental Oil
Caddo Central
Tl'e hare prepared detcrlptive analyse
of the above etocki and thall be glad to
mpply copies on requent.
HALLE & STIEGLITZ
Members of the N. Y. Stock Exchange
30 BROAD STREET NEW YORK
Invincible Oil
1 CORPORATION
Descriptke circular upon request
Kiely & Horton
40 Wall St., N. Y. Phone John 6330
COFFEE MARKET.
There was further disposition for old
time longs to liquidate yesterday their
contracts in coffee, and on the call prices
were 11 to 19 points below those or the
last previous close. The decline was
helped along by easier Brazil cables.
Santos futures showing a decline of 475
to 600 rcla and reports of easier under
tone In the cost and freight markets.
Late In the morning a freah wave of
buvlng caused a sharp rally, final prices
being 2 points net lower to a net ad
vance of 16 points.
The local spot market was easier, Rio
7s declining a cent to ;2Vic The pri
mary markets turned anxious sellers and
there was a drop of 20 rotnts In Santos
American credits and of 40 points In Rio
and Victoria's.
Bans of prices:
Onen. H'zh.
July
Auruat.-..
September
October...
November
Dteember.
January...
February..
March
Aprtl
May
June
U 60
km iilii
26.65 9t
30 50
30.43
10.75
K.46
Fri-
9w. Close, day.
n.M II 60-61 21.46
.. .. 21 36-40 21.36
11.05 21.10-16 31.11
21 05-10 31.96
. . . 30 99-96 20 90
goes to 76-80 20 74
30.72-73 36.69
30 71-73 30 44
2i 59 10.670 20 69
90 66-70 20 65
20 46 30.60 65 30.50
10 60-53 7 56
FEDERAL RESERVE
BANK STATEMENT
Liqidation of $100,000,000 of
War Paper Is Indicated
for Week.
COFFEE CABLES.
76 ret lower for
Rio waa 76 rela lower lor . at '"f--
Xxehanie, Ad. higher at it neceipi.,
t,uKB. and atock. 416.000 bags.
anto. apoti were not Quoted and future!
were 475 to 600 rem lower. Receipts. 19.000
bt. and atock. 1.124.000 bags.
Heerlrin "t the porta were 23.000. aram.t
22 000 latt year, and 42.0uO two jure ago.
Ko Paulo had 17.000. agalnit 15.100 and 62,
ooo and JumllahT li.ooo. against 16.000 and
60.000 ba rupectlvrly.
BRAZILIAN COFFEE STATISTICS.
Ijt Last
Saturday. wek. month
New York deliveries 12.215 11.397
New Orleanji dellv.. 12.411 3.071
Tolal dllve.rle 14. Og 15.4,0
ayt.v., sfa,uB
15 93 201.179
444,043 67.l
614.000 75I.OOO
New Yortt utock...
New Orleant etoek.
Sloek at all porta
Afloat
Vigiblo Mipply
Lat year'a visible..
special DctpateH to Tna Sos.
Washinqton, July 19. Liquidation of
more than $100,000,000 of war paper,
accompanied by substantial reductions In
net deposits and Federal reserve note
circulation. Is Indicated by the Federal
Reserve Board's weekly statement.
Against a decline of $105,200,000 In
the holdings of war paper and of $8,000.
000 In other discounts the banks report
an Increase of $12,300,000 In acceptances
and of $3,900,000 In Treasury certifi
cates. As a result total earning assets
show, a decrease from $2,529,900,000 to
$2,438,900,000. Discounts on hand at
the Chicago, St. Louis and Minneapolis
banks are inclusive of $94,600,000 of
bills held under rediscount for other Fed
eral reserve banks, against $96.900.0n0
reported for the week Just before, while
acceptances held by the New York and
San Francisco banks Include $42,800,000,
against $23,700,000 of acceptances pur
chased from other Federal reserve
I banks.
Government deposits declined $14,100.
000, members' reserve deposits $13,600.
uOd, while the tloat carried by the He
serve banks went up $55.7OO.u0O. Otiier
deposits. Including foreign Government
credits, show an Increase of $ 1 0, 300.000,
Speakinjof Oil
By Wm. C Van Antwerp
From the Walls of Babylon tathe-re---4mery
at Bayonne.
What is under the 2,000,000 shares in
the new Transcontinental Oil ?
Who are Benedum and Trees the
world's pioneer geologists in oil?
Sec the
Dow, Jones & Co. Bulletins
Monday morning (in all well equipped financial
offices); also Wednesday and Friday and in
The Wall Strat Journal
the afternoon and morning following
PUBLICITY MAN
jamiliar with preparation of
newspaper copy, market let
ters, "ads," and experienced in
office management desires po
sition with financial or com
mercial house. J., Box 150 Sun.
HIGH GRADE silver mine for
ggje.
J. H. GRAHAM A CO., BROKERS,
711 Unity Building. Chicago.
opened at one. tn Kob. and Hankn
Branejies nave peen opanea in beanie, u- ,
kohama and Shanghai, China.
fiartorlua at l.oewl, members of the N.w
Tork Stock Ezchange. have opened a
branch at 640 Ocsan avenue. West End.
K. J.
Specialist in
Seaboard Oil and Gas Co.
Traded In on New York Curb
WM. B. STEINHARDT
(Member et It, Y Curb Market Ansa.)
Phono 654 Broad 44 Broad St., New York
STATE BANK STATU MKNT.
Snmmary ot State Bank! and Trust Companies
la ureater rtrw aura, oi immuni m .,-
lag House Statement. Ktgurea I ; I
by Stat. Banking Department.
Loan a, discounts, ln
Te.tinenta. c $791.29.200 Dec. $10,324,200
Gold 10.373.49C lac 1.711.700
I'nrrenev and b.nk
lutes u.saa.aw ler.
Depoilts with Fed
eral Iteterra Bauk
of Naw York 70.409 260 Inc.
Total gee Salts 339.656,000 Dec.
Total depoiltn. enrol-
Bating imnnnii an
from reserve depoil
torlea and from
other f and
tm.t cntnpinlei In
New Ynrlt city and
V. S. deposit! 761 99S.700 Dec. 6.94:,000
625.200
3.S7O.109
7.693.101
1.166.M1 1.2S8.1S8
2.0S6.662 2.303.694
1.021.070
2.164.191
190'
53
13-14
2
78
187V4
1
9044
84 V.
N
494
111V4
11714
7Vi
115
66
12H
3644
24
70
6744
122
1414
19
12V4
24
US
)03
101
38
94
White Eaarle Oil Add. to Plant.
The White Kagle Oil and Itnflnlng
Compahy has decided to place in Ita
Augusta refinery three stills, two boil
ers and other equipment at a cost of
about $75,000. The additional equip
ment will Increase the crude runa at tlie
refinery about 4. ..000 barrel a month
strengthening the company's financial ! and add from $200,000 to $260,000 per
pcaltlon, I annum to the company's eaxnlnga.
MONEY AND EXCHANGE.
CALL MONEY.
Mixed Collateral. I All Induatrlala
Hlstl HlfO 2
Low J Low 1
Last Lat 7
ItenewaJn JRenewala 7
v...- . bi'h 30 ITear'a high 20
Yi-ar low ISiU'ear'a low (. 34
TIME LOAK9.
Mimed ColUteral I All Industrials.
SiTtr diyn aisgVi'Siaty days
Ninety dayi 4B6i.Hlnety days
Four mnnih Four month.
Flvo months W4lFlva months
Si month! StrtMgiiia months
COMMERCIAL PAPER.
Prima Indorsed BillalSia months 5v,tji4
Receivable 1 Other Namei
..t .b,v 5V4r6V4lThree to aix
Nlnoiy dey....5V''u5W moniha 6mi64
CLEARING HOl'SE STATEMENT.
Clearing Hnune eiehanrea, 1666.631.727; bal
anies. 172.439.730: Sub-Tpeaaury debit bal
ancea. $S39,429; Federal re.erve credit balance,
lut', 137 311.
' DOMESTIC EXCHANGE.
Beaton, par; Chicago, par; St. Louie 20
16c discount : San Francisco, par ; Montreal,
6-30 146 Per 11.000 premium; Cincinnati, par;
Minneapolis. 10c. premium.
SILVER PRICES.
Bar allver In New York. 11 96'4. up He.: In
London, 6H4d , unchanged: Mexican dollars.
814.C unchanged.
FOREIGN EXCUANOB.
Sterling- High. Low.
Demand... 4.42 4.25
t-ablea 4.43 4.36
France
Demand... 6.94 7 04
Cable! 6.91 7.02
Normal
Hate
Last.
4 IS
4 34
7.04
7.03
Yaatrrday'
Demand
18f
9.591
2H.3S
i-ii.ioi . ..... , ... . -1. .,, t?" liltl lion
125.103 wmie nvi ucinoim ete .,-,-wv,v--
357.070 less than for the week Just Before, reu
47.000 ,,ri Heserves notes in circulation de
creased $36,100,0011, all Reservg banks
except those In Atlanta, St. Ixiuls and
Kansas City reporting substantial re
ductions In the volume of outstanding
Federal Reserve note circulation.
Gold reserves are shown slightly larger
than the week Just before, gold deposited
by the Treasury being more than suffi
cient to offret the gold withdrawals for
export. Cash reserves declined $1,700,
000. Largely as the result of the consid
erable decreases In dejioalt and note lia
bilities the reserve ratio of the banks
shows a rise from 49.8 to 60.9 per cent.
The following table shows the condi
tion of the banks In the Federal Reserve
system at the close of business iast
night :
t RESOURCES.
Gold coin and certificate! !233.r.O,900
Gold ft! lenient fund. Federal Re
serve Board 691.190.000
Total gold held I 1 hankl 865.O0O.IXiO
Gold with Federal reserve agemt. 1.114.173,000
Gold redemption fund 117.9.7. 000
Total gold reserve! 2.112.1O0.OOO
Legal tender note!. !ilver. Ac 91,111,000
Total reserves 2,177,411,000
Bill, discounted, eecured bj Gov
ernment War obligation! 1.579.779 eoo
ail otner .,-,.1
Bills bought In open market 372.353.0"O
Total bills on hand 3,2OO.I2.0
United Htatea Government bouda... 37.084. OeO
United States Victory notea 363,000
United States certificates of in-
debledneii 209,941. 000
Total earning assets 2.437. sis.tKO
Bank premise. 11.717,000
Uncollected Items and other deduc
tions from gross deposit! 168,194.000
Five per cent, redemption fund
sgalnst Federal Reaerve Bauk
notes 10. 077.001)
All other resources 10,100.000
Total resources 3,601,406,000
close.
4.49
4.43
6.91
6.90
nt F.I, h
4 8465 Sterling 4.36
6 1813 Psrll i-04
88 Mark! . 1
6 1813 Belgium -"
Chlna-
Bongkong 90
Shanghai 121
19 10 Greece 13.90
40.29 Holland 3.44
12-44 India
Oalcutts 4044
49 84 Jspan-
Yokohama 61
40 09 Ptailipp.. Islands
Manila 49
(.1813 Itily M
26.60 Scandinavia-
Stockholm 3465
Chrlitlanla 23.43
Copenhagen 23 60
South America
41.41 Rio $7H
I 11304 Argentina (gold).. 9444
42.94 Buenos Ayres 4114
U.30 Spain 1910
11811 Switzerland 6 40
hi 46 llusala (currency) Bid.
500 rubles 1.99
too rubles 1.00
TIME 11 1 1 II ON LONDON
Bankers
to days 4.31 60 days
90 uayi. .......... 4I0'4.9O days
Cables.
4.36
7.02
-
7.2
"4
11144
18 .90
7H
41
49V
I 60
94 10
23.10
22 96
im
96'4
4244
19 71
6.61
Ask.
1.60
660
Commercial.
4 1144
4.10
RAate banks
CsJli in vault
Deposits In banks and
companies
. .. $21,179,299
SJet
... 12,3S,100
... 133,545.200
PC.
14.13
8 76
22 66
14 79
6 17
C ANOPUS
IRON CORPORATION
Organhed under liw! New York State
Capital $1,000,000. Afl Common Stock Par Value $10
THE STOCK of this Company will be traded on
New York Curb, commencing July 28, 1919. Ask
your broker to obtain prospectus or write direct to
C ANOPUS IRON CORPORATION
MINE located at GARRISON. N. Y.
Phillipstown, Putnam Co., N. Y
T.tlla
Tru.t eompanlea
Cash In vault 177.398,200
Depo'lt! la bank! and trult
companies 32.279.300
Totsl! , 1109.677. 600 20 99 I
Aggregate reerve on depO!lt.. 1143.222.300 1
Inert ate, 16.300,600. Ter cent, of legal re.erve. I
11.30.
I 1 Hl.lt II RKSERVE BANK
UTATKMENT.
(At the close of business July II.)
RESOURCES.
July 11. July It.
Gold cola and cer
tificates $171868,069 64 176.267.7t'.99
Gold aettleuient
fun d F. R.
Poard 138. 132.388. 06 124.343.20K.4:
Total gold held
by bank $301,10977.91
Gold with r. It
sgents ........ 143,367,666 60
Guld redamptioa
fund ;4.7!,!0O -9
Total gold re
aerre $r.4 174.243 41
Legal tender
notes, silver,
Ac 48,600 065 99
Tatal reserves. $693,474,291.51
Bills discounted :
Secured by Gov-
eminent war
obligstlons .... $997.802, 17S.93
All otheri 61.775.314 74
Bill! bought In
open market 91.682.517.49
Tol si bllla on
band $821,149.011 47
V. 8. Govern
ment bonds 3.266,900 09
l 8. Victory
notes 60,000 00
C. S certificate,
of Indebtedness 67.779.009 00
1300,630.957.41
169.868,555.00
34, 339. 300. 00
Colonial Tire & Rubber Co.
Circular on Request
ALFRED R. RISSE
Specialist
50 BROADWAY BROAD 5204
$616,341,141
61.179,164.16
1667,227.974.66
$74:901. 641.90
62.341.703.56
119.363 354 74
$924,606,102 19
1,101.540.00
66.006 00
66.01B.5O0.0g
82.958.000
81.087.000
137.090.000
LIABILITIES.
Capitsl paid In
Surplus
Government deposits
Due to member!, reserve a. -count... 1.712, 79 OoO
Deferred availability items 661,736,900
Other deposits, Including foreign
Government credits 126.067.000
Total gross deposits 2.426.490.000
Federal Reaerve Bank notes is dr- .
culstlon, net liability 196.911.000
All other liabilities 1.711 non
Total liabilities 6.501. 406,000
Ratio of total reserves to net dspoalt end
Federal Rrssrvs not. liabilities combined,
40.9 per cent.
RaUo of gold reserve to Federal Reserve
aotes In circulation after setting aside 36
per cant, against net deposit lisblllties, 3.9
par cent.
Total earning
se.ets 1830 7H.811.6f
Bank premises. . . 1.999,937 09
Uncollected Items
ssd other deduc
tions from gross
deposits 214.991,482 01
Five per cent, re
demption fund
agalnit F. R.
B.nk DOtei 2.033. 400.04
All ether re
sources 2,113.929 43
4,977,101 II
3.999.140.00
132. 826. 997 13
1.9OS.IJOS0
2. 766,017 64
Total rs6urces.ll,7s5.648,4S 69 $1,643,697,333.43
LIAllILITIF.S.
Cspltal paid In
121.475.200 0
12,922,051.13
FINANCIAL NOTES.
William 03. Rewltt, formerly with F. B.
Ksach A Co.. hai been admitted to (he Arm
of E. S. Dodge A Co. ss a gsntrsl partnsr.
A branch of th. Park Union Foralga
Banking Corporation will be opened shortly
In Parts under ths management of M. Car
ter, formerly general managsr of ths Rui-so-Aslatlo
Bank. Viscount ds Brstsull will
hssd ths corporation's Fr.nch advisory
committee. Bxaaobss of th. tut wtU b
11.470.650 00
32,922,051 13
99.311,131.11
707. 647,413.40
144 198.47.21
10o.S47.495 M
Furolus
Gtveri.meut d e
posits 7.t03,622.4S
Dn. to msrobers
re.erve scronst 706,662, 131. 4!
Deferred avail
ability Hem. .190.343,479.47
All other de
posits 69.949.929.il
Tots! grosg d.-
(Ollta '.i27, 261. 180 11 1996 680.94 47
F. R. notsa in
srtull rlrculs-
tlon 741.399,395 90 711, 790, 970 00
F R. Bink notas
In circnlsllon
net UghUlty.. 36,492,000 10 36.334, 009.60
All otter lisblll
ties 4.730.612.40 4.309.697.12
Totsl lisblllties 11.76,948.941.19 1.I49,97,S33.4:
I'edttal reeerva
notss oatitand-
Ing $832.114.685. 99 1 850.228,485 116
Agalnit which there ars depoilted with F. R.
agent :
Cold $391,367.66 00 1389.IU.66i.0t
Cascuasroial apsr 441.140,011.67 4:4.406,103.19
Seaboard Oil & Gas
Bought Sold Quoted
CHAS. F. LUTZ & CO.
25 Broad Street - New York
Phone Broad 1503
EX DIVIDEND TABLE.
1 Monday
American Chlel. Co
Cluelt, I'eabody A Co
Falardo Sugar
Kedarnl (Sugar Itef
Federal iiugar Ref. pf
Flaher Budy t'orpn pf
Kort Worth 1'ii.er A Light pf...
Idaho rower pf
Jullua Kavstr l.t pf
Keliey Wh.-l pf
Ixiulivllle A Nsihvllle It. R
Idllnsukes Blsctrlo 1: A Lt pf.
Nash. I'hatt. A Ct, Louis Ry...
Na.h Motors Co
Nsah Motors pf
National Carbon
National Carbon pf
I'lula. Rapid Transit
I'yren. Mfg. Co .,
Woit Penn. Power Co. pf
Willys-Overland
Wilson if Co.
Tuesday
Amir. Sumatra Tobacco
Consolidation Coal
Portland Gas A Coks pf
Wsdnesdsy
J. O. Brill Co. pf
J. G. Brill Co. pf. arcum
Procter A Uamble
1
If.
Hi".
ii
i'i
14'4
194
144".
11.76
144
13.50
11.69
IS4
.14.00
.11 76
II .00
3
2-4 '4
IVi
lV"i
?6o.
114
.It44
.11 .60
.144
. 1
. 1
. 6
DIVIDENDS.
Stock ..f Piy
lleenrd. .hie.
I.lneoln Trust ('- , q. 1 ., Ju.y II Aug. 1
M.diaon f.fa Pepoilt Co..
q, S1. ug. 9 Aug. 1 1
Esport. from w York.
Kgss, 1,194 cases; bacons, 474.1(10
lbs.: flour, 27.392 sacks; lubricating oil.
171,100 galloon,
Fiscal Agent
Wanted
just
by
Un-over
To handle an attractive
$1,000,000 Rubber Stock
Issue of company
formed and backed
solid business men.
usually attractive
writing arrangement will
be made.
Wire at my expense to
Suite 504
20 E. Jackson Boulevard
CHICAGO
CARTER H. JACOBS,
President
. 15
v a
L," J . :.. ... ... ' .A , i i

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The sun. [volume], July 20, 1919, Page 14, Image 14
About The sun. [volume] (New York [N.Y.]) 1916-1920