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The Wall Street Journal from New York, New York • Page 8

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New York, New York
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8
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1 It If ll nnohanced. -7; MONEY; EASIER MONETARY CONDITIONS IN LONDON WERE RESPONSIBLE FOB WEAKEX- CHANGE MARKET HERE. London Discount Off of 1 and the Bank of England Obtain South African Gold Offered in Open Mar- ketNot Likely to Advance Bank Rate Thit 1 WeekBank Statement Bad Little El-feet on Money Market Treat mry Situation i Qradn ally improving. 4 The -reek opened with both the money and foreign ex- change market in an smsettled condition. Easier mone tary condition in London wen responsible for a weak ex change market here.

London discount were off ot 1 and the Bank of England obtained th South African gold offered in the pen market so it wae not thought that the governori of that institution would find it necessary to advance the rate of discount this week. These factors together with the poor showing made by the local banks in Saturday's state ment ray the bearish element the zareign exchange market control of the situation and demand sterling declined about 20 points to 4j6616s1.8620. Later, however, when it was seen that tike money market was little affected by the bank statement the foreign market became steady The bank statement was the subject of considerable discussion. The most remarkable feature of it was the in- crease in actual loans of $13,640,600 notwithstanding that deposits allowed a decrease of September' 1, financing was the cause of this increase in loans although to a small extent it may be attributed to the transfer oi loans from outside institutions. This financing incidental to 1le Sept.

1 distributions was also shown in the de crease in cash which amounted to $17 ,536,000. The statement bad little effect upon the money market, htswever. and call loans continued on a bants, This was hardly unexpected though when it is considered that the banks have a surplus ox about ana that they are still willing to place it out on call at the rates abov mentioned. There wae little change in the time money market aa the demand for funds was not hesvy The tone of the market was slightly firmer, but rates were There has been a distinct improvement in the Treas ury figures this month. The working balance is now which compares with as wis same wma last rear and 130.168,398 last month.

So far this month there is an excess of receipts over disbursements of comparing with for the corresponding period last year. So far this fiscal year there is a deficit of $9,790,211, which compares with a deficit last year of 118.921.848 and in 1908 of $26,145,337. It will be seen from these figures that an improvement has been in progress for over two years, but that has teen very gradual. The first two mouths of fiscal year are always a time of heavy expenditures try the uovernment, to that it was to be expected that a deficit would be shown, tt will be remembered, however, that the deficit of last fear was wiped out in June by the corporation tax re- teipts and a small surplus lor the year was reported Should the Supreme Court declare the corporation tax law constitutional when it comes up for re-hearing this year, there is little doubt but that another surplus will be re ported this year. CALL AND TIME MOXET.

CaH money loaned on the Stock Exchange Wednesday is fellows: Opened at 14, high 2, low and tiosed at 1. Renewals at 1 Yb. The time money market was firm and continued dull. Rates are 8 to 4 for sixty days, for ninety dsys, and 4. to 6 for all over the year maturities.

Commercial paper is somewhat easier, but business is done at 6H for the best names. London London discounts unchanged. Paris discounts 2V; unchanged. Berlin discounts op Hfo. Emergency Currency In Chicago.

Chicago Chairman Forgan of the Clearing House Committee says: "Although only national banks of this eity are invited to next Friday's meetings, we ehall gladly consider requests from national banks of suburbs desiring Cepresentation in the forthcoming currency association." National Banks Extended. Washington Corporate existence of the following nations! banks has been extended: Old National Bank of Waupaca, until Sept 6, 1980. First National Bank of Valdosta, until Sept 1930. Chicago Angus Currency Movement. Chicago August currency movement as compared with a year ago follows: Shipments $13,249,701 or $2r 743,672 increase, receipts from East 84,130,000 or $lc 470,000 increase, receipts from interior $7,017,896 or 2r 296,729 increase, net loss $2,100,305 or $1,024,057 decrease.

MISSISSIPPI VALLEY TRUST CO. 8T. LOUIS Transacts a General Trust Company Business Correspondence Invited CLASSIFIED ADVERTISEMENTS. roH bjext. FOR RENT: Splendid offices for small Stock Exchange firm.

Ground floor, in center of financial district, adjoining Stock Exchange. Immediate possession, on sub lease, at very moderate rental. Inquire, Doremus 44 Broad St. LOST LOST CERTIFICATES OF STOCK. TO WHO! IT MAT CONCBRKi Take notice that the following certificate of share of the Common Capital Stock of the AMERICAN LIGHT ti TRACTION COMPANY have been lost ana transfer thereof 4H been stoppea: CertlSnate 1ABA1 fer share.

Orttaeate No. 10678 lot 1 share. Certificate No. 10714 cor 1 ahara, C. N.

JELUFFE, Secretary. Dated New "Tork, September 7th, 1610. rosmoss wanted oujlb, WANTED A fiduciary position by yonnf man with several yeara' experience. Is now by ons 0( th, largfut Industrial concern! In the On! tod States, but wlsbel to make a cbanire. Beit of references aa to ability and character.

AddreM box 4 The Wall Street JonrnaL BOY. sixteen. sood education, referenoes, now employed running took board broker's office, dealrea similar position offering1 advancement 827 Jackson Avenue, Bronx. A IWSt CLASS Wall Street Bookkeeper and Accountant dealrea a position with a Stock Exchange Honee; 82 years of age, and married. A clean record and good referencea Addreia Box The Wall Street Journal.

rosrnoxs wahtjcd fEVHALB. attentive to dntlee, earnently dealrea a poaltlon. IXAIST A. KUOUCR. 41 Decatur street.

Brooklyn; T. rrBNOORAPHER. Private Secretary, clerical work or 'charge of office force: good work done and good work talned of other. Reference. AddreM Box P.

The Wall Journal. WANTED JEK BOOM WANTED Mr aettv art fcrvkeri mU telepheaa aevrtoc. HUM a The wail inm anai THE TTAlL STREET JOTONAL, TUUESDAY MORNING, SEPTEMBER 8, 1010. EIGHT PAGES. UUB MJSDOS CABLES.

1 London Call money tiu lint kill were. harder at i on the announcement tf an immediate issue of 3,000,000 treasury Mors gold is expected to taken from the Bank of. England for Egypt this week, but oraers i or rt nave not Keen received so far. Constanttino. was the final buyer of the balance of South African gold offered in the open market.

The stock market was idle and featureless. There was some New. York selling of American in the aarly trading, but the market was steadier on the curb. LONDON COLD MOVEMENTS. London The Bank of Eneland sent 11.000 in sover eigns to Bolivia.

TRANSFER OF BANK EXAMINERS. Comptroller Murray Into Effect Experimental Plan of District Tranefer. Washington Comptroller Murrav is carrvin-' out Ma pian, announced some time ago. of transferrins' bank ex aminers from one district to another. It is in the nature of an experiment If results attained Justify, it will 'be cont'nued.

Examiner VanVranken. northern Vw YnrV 4tti-t is transferred to western Pennsylvania, and W. J. Robin son or western Pennsylvania district to northern New York. Frank W.

Alderman from western New York and western Pennsylvania to northern New York atat. and Edward J. Graham from northern New York state to take Alderman's district John H. Zerbey is transferred from central Pennsylvania to southern Pennsylvania and northern West Virginia, and A. M.

Kendall from this district to central Pennsylvania. A number of other trans fers in the south and West are announce! United States Treasury. Fiscal year 191041: Sept 7 Receipts $975,097 Erpenditures 8,048,189 Deficit 2,078,092 Corresponding period 1909-10: Receipt $902,979 Expenditures 8,286,361 Deficit 2,383,382 Surplus. Sept '10 Working $33,487,940 In national banks, etc 81,832,428 In Treasury 24,571,973 Available cash 92,892,341 This Month Fiscal Yr, $8,783,876 $122,570,582 7,483,390 134,433,886 lOOQooa llflfi.iani $10,148,238 $118,807,096 9,485,094 188,656,878 668,114 19,489,782 An 6, 10 $29,834,011 86,741,270 26,318,636 92,893,920 Sept 7, 1)9 85,719,442 80.8S0.126 98.524,118 National bank notes received for current redemption This day, this month, fiscal year, national bank notes in general fund, 6 redemption fund, $27,162,285. New York Sub-Treasury.

Paid to Received Banks From Banks Banks September 6.... $5,292,000 $5,112,000 Gained $180,000 Since 12,867,000 14,184,000 Lost 1,817,000 The Sub-Treasury was debtor at the Clearing House Wednesday $176,745. The banks have lost to the Sub- Treasury since Friday $1,31 1, 000 and in the same peri-xl the Sub-Treasury was debtor at the Clearing House $lr Forclgn Exchange. The foreign exchange market opened fairly steady and dull, with demand sterling 4.861o4.8620, off ten points from Tuesday's close. The market became weak toon after the opening and demand sterling declined 15 points to 4.864.B60o, at which point it remained during the morning.

Continued ease in the London money market and increased offerings of commodities bills in the local market were responsible for the decline in sterling. Both cotton and grain bills are coming forward more freely than last month. The cotton bills now have the validation certificates, insuring the validity of the agents' signature, attached, so there is more confidence in this class of paper and it is believed that duTing the next few month these bills will be an important factor in the exchange market Business slackened up during the afternoon, and the market became very steady. Demand sterling recovered 5 point to 4.B6054.8610, off 20 points oa the day, and 10 points from the opening, but up 5 points from the low. Franca and marks were firm owing to a decline in sterl ing at Paris and Berlin.

Cables SterllngOpen. .4 8640o4 BOW do 4 80304 863S Opened Closed Francs open. .9 18 Demand 4 BG15a4 efl20 4 8605a4 WIO o-Daje 4 88V a 4 63a O-Day KXa 18V less 1-83 8 21 leas 1-83 do .8 18 plus 164 5 18' less 1 83 6 11 lesslM Marks 93), 85 1-16 94 8 16 less 1-81 do 96X 83 1-18 94 816 less 1-33 Guilders open 40Y, plus 1 -16 plus MB Paris exchange on London 25 fr. 23 He, off He Berlin exchange on London 20m. off lHpf.

Rio exchange on London was l-32d. lower and quoted at 17 25-324. Domestic Exchange. All quotations are in eenU per $1,000 premium or dif counts: Boston Money at the Clearing House offered at 4. New York funds sold at 10 cents discount for cash, off 5 cents.

Chicago New York exchange 80 cents discount; unchanged. Montreal New York exchange 46 to 15 d'seount San Francisco New York exchange 30 cts. premium; off 5 cents. St. Louis New York exchange 15 centa discount, unchanged.

St. Louis Chicago exchange 6 cents premium, unchanged. St Paul New York exchange at par, unchanged. Bank Clearings. 1910 1909 Changes New York $242,513,817 $337,048,109 Dec.

$94,534,292 Chicago $44,625,520 $49,499,912 'Dec. $4,874,692 Boston $24,405,369 $25,541,296 Dec. $1,135,927 $20,894,778 $23,154,582 Dec.2,259,804 St. Louis $11,635,390 $11,969,729 Dec $334,831 $5,807,073 $5,838,445 Inc. $468,628 New National Banks.

Washington Applications to organise national banks approved: The First National 'Bank of Saint Peter, Saint Peter, I1L Capital, $23,000. August Borchelt, of St. Peter, Henry Von Behren, H. N. Bahde, August F.

Braner and Charles Hartman. The Planters National Bank of Opelousas, Qpelousas, La. Capital, $50,000. Robert Chachere, Opelousas, J. A.

Perkins, W. F. Slopton, A. E. Lafleur end John P.

Savant. Certificates have been issued authorising the following national banks to commence business The Farmers National Bank of Red Lake Falls, Red Lake Falls, Minn. Capital $25,000. L. C.

Simons, president; Sam E. Hunt and E. Fayolle, vice-presidents; W. B( Cheshire, cashier; A. A.

Latendresse, assistant cashier. The First National Bank of Crosby, Crosby, Minn Capital $25,000. Isaac Haslett, president; J. J. Meyer, ice-Dresident; S.

G. Latta, cashier. The Phelps National Bank, Phelps, New York. $25,000. Chas.

H. Garlock, president; A. T. Van Nos- trand. vice-president; J.

Fred cashier. The First National Bank of La Jara, La Jara, Colo. Capital $25,000. J. A.

McDamel, president; W. A. Brav den, vice-president; JoKn S. Fletcher, cashier. Louisiana Cane Crop.

The Louisiana Planter says the cane crop is now makinit satisfactory progress and the outlook is more en. eouraging. Wiliest Gray's estimate of September 1, puts the yield at 325,000 tons, compared with 855,000 tons last Cspital Loans due in 80 days. U. S.

and other Bonds. Other investments Other Loans and Discounts Due within 4 Due after 4 Surplus and Profits Circulation WITH GOOD CROPS AND FREE MARKETING OF SMALL GRAIN, THE FALL TRADE IS STEADILY IMPROVING. Kit So Many Xew Bank in the Small Town Tributary to Kaneae City Better Statement Than in June-More Willingnest to Make Loan Corn So Well Along That There is LtftJs ear Now of Exteniive Damage Big Income From Farm. (Special rmiMltMe The WaU ltre JaaraaL) Kansas City Bank clearings for the last week of August in this city showed an increase over the corresponding week of last yesr of only 3, one of the smallest increases in a long time. The business of the Southwest banks has been rather quiet during the past summer but it has all the time been ahead of past records and with the promise of progress in the building trades and of activity in wholesale purchases there seems no resson to expect anything but a steady growth in banking activity.

That there is not likely to be such a rapid increase in the number of new banks or amount of deposits has been manifest for three years past. The country towns are becoming well supplied with banks and all needs are well accommodated. The banks have been keeping" well in shore for several months and there has been a lessened de posit account In the smaller centers. This is the result of the land movement and of the general halting of invest ment enterprises owmg to the large amounts tied up by the unusual activity of the two years before. The banks came to point where they insisted that there should be a greater degree of caution used and that the best cus tomers even should be curbed in their operations.

Bankers themselves demanded that there should be a stop to making plans without knowing whence the money was to come for the financing. Now the promoter goes to the banker first and axks what can be done. He finds out and then goes ahead or waits usually he waits until things can be arranged. This does not mean that there is lsck of money with which to operate. That is plentiful but it is placed with greater security.

The loan business of the realty agents has come to a point where there is greater facility for doing busineM. The loan companies are furnishing money more readily and loans for legitimate operations are made without difficulty. It all indicates a loosening of the money situation and the banks get their share of the improvement. The farming interests too are in better heart. The scare over the corn harvest has pased and while there are many localities where the crop will be disappointing they are mostly on the high plains where nothing of great importance in the total yield is to be expected.

On the other hand the fodder crops and wheat have come on well and on the whole the southwest is going to sum up the year with a total that is not far from being a record breaker in the aRgregate of its income: This means a great deal to the banks which expect from their farmer customers a renewed deposit account. The statements of country banks in Kansas made on August 15 are now coming in and they show a gain over the statement of June which indicates that the crisis is part and while the increase is not large it has an effect both locally snd in the reserve centers. The banks have cleaned up a great deal of call paper during the summer and have their affairs in good condition, part ly the result of necessity and partly the effect of the managers' own efforts to be prepared for what seemed for a time a period of stringency. That this fear has passed is the most encouraging feature of their business and they are now ready for the fall business and the cashing in of the crops. That farmers are selling freely is evidenced by the large wheat shipments that are coming to this and other southwest markets and the prospect is for a liberal movement of grain during the early fall.

Altogether the banks are prepared for better business and are not likely to be disappointed. TOBACCO CROP CONDITIONS. Rain in West Effect Crop, While in Xew York State Crop i Sot Harmed. asssasiMSssMB With the opening of the tobacco harvest, reports of crop conditions throughout the coifntry are of interest, kain storms have had conriderable effect on the output in several states, in some instances considerable damage resulting. In Wisconsin it is stated that a severe hail storm caused a great damage to a crop on which the harvest had started.

In the East the damage to tobacco did not seem to be as great as to other crop as a result of the severe storms. Particularly was this the case during the past week in New Yrk state where considerable damage was done to fruit trees. Tobacco growers state that the tobacco outlook in this state was not harmed to any appreciable degree by the storms. In the New England states similar conditions prevail. Colorado Bankers' Convention.

The ninth annual convention of the Colorado Bankers' Association will be held in Grand on Wednesday, September 28. On Tuetdsy, September 27, the American Institute of Banking section and the State bankers' section will hold their annual meetings. The Colorado banking laws and the probable effe-t of the postal savings bank law will be the subjects under discussion at the state bankers' convention. Silver Quotations. Zimmermann Forahay quote silver 52, Mexican dollars 44, and Mexican exchange 201Vs London-ar aihrer 24 wochangtd, i 1 IRVING National Exchange Bank STATEMENT September 1st, 1910 Immediately Available 3 Cash in vault and checks for clearings.

$7 994 008 92 Due from Correspondents and Demand Loans $14,466,614.60 Available Within 30 Days included in the compilation, aggregate $166,829,408: cash and exchange. deposits $218,607,627 and gross resources, $307,137,043. riNTHOT-BA LLI XC. ER 031 31 ITEE. Many Reolution Introduced Hearing Adjourned Until Friday When Sew Amendment Will be Submitted.

Washington At executive meeting of Ballinger-Pinchoti investigation Committee. Senator Fletcher of Florida introduced resolution holding that Secretary Bal-linger of the Interior Department was an unfaithful pub- I' 3 1 li rt it. I Representative James or Kentucky TUESDAY'S ELECTION' KESULTtS. Republican Win With Reduced PluralitieTh Vote in the Wett. The result of elections in Vermont, New Hampshire, Michigan and Wisconsin Tuesday reveals numerous radical changes in the Republican vote.

In Vermont Republicans elected Lieut. Governor John A. Mead by plurality of about 17,000 whereas two years ago the Republican plurality was 29,645. With two exceptions this was the smallest Republican vote since 1870. In Michigan United States Senator J.

C. Burrows. Republican, a standpatter and latt of the "Old Guard" is undoubtedly defeated by Representative Charles E. Town-send, Joint author of the Esch-Townsend railroad rate law. Senator Robert M.

La Follette has swept the state of Wisconsin in the primary election for renomination. In New Hampshire the Republican Progressives won a sweeping victory. The Democratic vote was light. The result of the primary count in Nevada indicates a close vote between the Insurgent and regular Republican candidate for Governor. At the first Republican State under the primary law in California, conservation as defined by, Roosevelt and Pinchot was emphatically indorsed.

The platform declares adherence to the policies of Roosevelt, condemns the present method of framing tariff bills and-approved President Taft's demand for a permunent tariff commission. THKBIl IS I.HiHT. In everything; that lieppuns there-Is lla-ht: and the greatness of the greatest of men -has but consisted In that hashed trained their eyes to be open to every ray of this light Maaterllnck 8,414,987.98 2,406,555.85 206,400.00 6,027,943.83 7,064,218.09 8,815,219.24 10,899,432.88 LIABILITIES $2,000,000.00 1,655,100.24 i 80A.onA na Deposits JIndiidu1 14.086,081.97 12,852,858.05 OFFICERS 1511 oon oa Lewis E. Pierson, President ITarry E. Ward, Cashier iam.e8Jt,,cn?,,c?;l lT2IdeJlt David II.

G. Penny, Assistant Cashier Rollin 1 Grant, Alee-President Richard J. Faust, Assistant Cashier BenJ. F. Werner, ice-President J.

Franklyn Bouker, Assistant Cashier West Broadway and Chambers New York BANKS IN THE SOUTHWEST PREPARE FOR GOOD BUSINESS UNITED STATES MORTGAGE TRUST COMPANY IEW YORK TM St Similar S5 Cedar St. Itstb St. I III In. CAPITAL SURPLUS, $6,000,000. ST.

LOUIS BANKS SENDING LARGE SUMS TO THE SOUTHWEST Carrying Large Reierre to Meet the Demand for Money to Handle the Crop Country Inetitutiont Aleo Well ProtecUd Recent Statement. St Louis The St. Louis banks and trust companies are carrying an enormous reserve, in order to meet the extraordinary demand for currency and gold from correspondent! in the southern snd western agricultural districts, besidei the regular customers. Cash and exchange exhibit a greater aggregate in the reports of September 1, with accelerated activity, that on June SO, the beginning of the summer's dull season. Banks of the agricultural district are heavier borrowers at the reserve centers and are drawing millions of dollars in cash from St.

Louis every week. The country institutions are endeavoring to maintain their own reserves unimpaired; in fact many agents believe they are going to an extreme in this respect. Nevertheless, St. Louis banks and trust companies report immense reserve funds. The inherent strength of the St Louis establish ments is the distinct feature of the statements just published.

As of September 1, the principsl Items of eleven banks and trust companies, ding approximately 80 per cent of the financial business of St Louis, show but very little chsnge, as compared with June SO, this year. Deposits of these institutions have decreased on'y $3,143,951. Loans and discounts have decreased 250; Cash and exchange have increased $623,263. Gross resources have, of course, drcl'ned in sympathy and they disclose a decrease of The changes reported are of very little significance, because they are small. Loans and discounts of the institutions, whose reports are No.

21 REPORT OF THE CONDITION OF THB FIRST NATIONAL BANK at New Tork nty. In the State of New York, at the close ot business September 1st, 11)10: Loane and dlnconnts sen fur, ftiu (V Overdrafts, secured and unsecured 1,892.31 i Doncii to secure circulation B.B02.iHHj.tni lT. S. bonds to scours U. S.

dennalu l.iKio.Otl I. 8. bonds on hand Premiums on V. 3. bonds Si SS Bonds, securities.

Ac S4.K3.44.nl Rankin bouse lue from National banks (not reserve aa-ents) Due from State and private banks and bankers, trust companies, snd laving banks ''herks and other cash Items Fxrhanffes for Clearing: House. Votea of other National Fractional paper currency, nickels, and centa Lawful money reserve In bank, vl. Specie Legal-tender notes I'. S. bonds to secure 1'.

8. deposits. offered amend- nonds. securities, etc m.nt fe Mfliliftnn'a reanlntinn nroviHinff frte removal of 'Hanking house mtt; it. i 1 in r.

oaiunfcer iron, vimc, iitu iur. jiauisun atcepuru wic amendment. Those voting for the smended resolution were Senator Fletcher, and Representatives Percell of North Dakota, Graham of Illinois, Madison of Kansas and James of Kenturky. Senator Nelson, the chairman of the committee, made the ruling that no quorum was present, but Mr. James made the point of order that no member had raised the I question.

The committee then took a recess until nday at ten o'clock, at which time reports in keeping with the resolution of Senator Fletcher and the amendment thereto offered by Mr. Madison will be subnvtted. 24.1.3M IT lS.i.1un.ft4 .14 4.720.00 245.79 22.700.f122. 7., 00 Redemption fund with 8. Treasurer (3 of circulation) Due from V.

8. Treasurer LIABILITIES. Capital stock paid In Surplus fund fndlvlded profits, leas expenses and taxes paid National banknotee outstanding- Due to other National banka 131.252.fXVt (4 Due to State and private batiks and bankers 2.103,1781 Due to trust companies and savins'! banks Dividends unpaid Individual deposits subject check Demand certificates of Certified checks Cashier checks outstanding; L. P. Ponds borrowed Reserved fr taxes Totsl 29.117.017O4 2SS.75 41.291.12S 12 3fi4.77n' 33 8.770.711.104 4.r44.rtt- in l.ooo.nn ue from national banks (not reserve tue from State and pnvata nana- ana uanwn truat companies, and savings tianaa Checks and other cash Heme Exchanges for Clearing House Notes of other nallonal banks Fractional raper currency, nickels, and Lawful money reserve In hank, vis Kneels 1 Leual-tender notes 330.33.1 00 S8.835.267.Kt 102.362 10 Total $148,518,492.35 lio.ooo.ono.nii IS, fH 10,000 00 4.I'JM'J7.50 112.3M.944 11 749,000 OO 302.

1.1.1. IS State of New Tvrk. Count or -ew rorK. BACKI'S. Cashier of the above-named bank, du soleninlv swear that the above atatement Is true to the best of mv Knowledge snd belief.

CD. B.KrS Cashier. andsworn to before me this nth tlav of September. 1910. THOS.

ORACE Notary Public Correct-Attest: HpBlu, H. DAVISON, Directors. T. W. LAMONT, I lie omcer s.ua rnouia oe removea.

neprr -envsuve maai-1 Logns and discounts son of Kansas offered resolution holding that charges made overdrafts, unsecured by Pinchot and Glavis were sustained. TNo. 1324 REPORT OF THB CONDITION OF THB GALLATIN NATIONAL BANK, at New Tork, In the State of New Tork, at business September 1, 1HIO: RESOURCES the close of Id 377 4'. BOO.tlfHl ml 1.IKIII ml aon.oiu) on 19.1.227 fill 17.S.12 Ml 311 4.939 998 13.113.1 oi) 93 00 Redemption fund with IT. 8.

Treasurer ,0 'per cent, of circulation) MSumm Total tl5.870.342 Tl LIAnil.ITlE Capital stock paid In Surplus fund 1. I-ndlvlded profits, lens expenses and tasea paid National banknotes Duo to other national banka. L'n''01r' State and private hanks and rv1B to trust companies and savings banks Dividend unpaid Individual deposits subject 10 check Demand certificates of Jeposlt Certified checks, accepted draft Cashier's checks outstanding United States deposits Reserves for taxes II lie ll.nnn.nno 00 00 2S 4ft, nun ml 93 94 111 HO 7H no fl, 7.1 R. 33 i 110 73 1 1,070,279 14 Mil. .141 It 01) 23, Hid 2 tlS.870.349 Tl i t'niintv of New (York, ss.s St samtfL President of the above-'.

swear that the above statement la named kn.iwleda-e and belief. SAMl'KI. WOOl.VKRTON. president. Subscribed and sworn to before me this Tin asy or ep tember.

lOlfl. RRATNARD. Notary Public Westchester County, fertlfl-ste flled In New York County. Correct-Attest: RM, FN poopfrvELT, Al.KX. H.

STEVENS, THOMAS DENNY. Directors. Personal. President Charles S. Mellen is in New York attending the regular meeting of the executive committee of the New Haven, at which meeting 10 members were present Vice-President Elias Fernandei Albano, acting president of Chili since the death of President Montt, died suddenly in that country Tuesday.

Southampton Among the passengers sailing on the Adriatic are James McCrca, president of the Pennsylvania, and Judge Mitchell L. Erlangei. John Gates has returned from an inspection of the Moose Mountain ore property ia Canada. 7 '''A i. I.

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