South Bend News-Times, Volume 32, Number 253, South Bend, St. Joseph County, 10 September 1915 — Page 7

THE SOUTH BEND NEWS-TIMEb

rniDAY, snmrTTMnrot 10, mix

EXPORTERS BELT ON SPRING WHEAT

Unable to Produce Winter Grain Foreign Traders Turn to Canada.

r.v Jrwph I IVitchanl. CHICAGO, .'"r't. 10. exporters nf vh-;;t at Chic:iK, as well as in other rnarkf-tM ff this reentry, have found th ms-lvrs in a position wher1 they ar now rMi to FUhstltute ?prins v.hi.it or. of winter wheat. A u-oo-l many Millions of 1u:4h1h of wint r whf.'it hrtvo ? n .void tf k aliro.nl, hut export cr.s Iin-1 themMlvs uruiM t TTOflacf tho prain ami this rri'ets th artiity in Trin what lurin the Iar-t lv d.iys. Wl'mt lias hcn ho':'ht ;it tho ,f tii( lakes i.v exporters, anu goodly juantitis h;ie nl-u leen purcha?( in vM rn Canada that will li1 phip;-d :itro; as rapidly ri! The wheat can he inad ready and 1;mM into vescols. The uii"xpe ted f onUnucs to happen In .t iathwestf in wheat marV: ts. as .ho-.vri !y Mhf rerr-ije.- at Ft. Ioais and 'Cnnv.is City Thursday of only ?. .".1 ,f f0 1u.-hds, or less than half th- r"'eeipts for Tho corresponding day n yenr ,u. Tiiere lias lefn unfavnrahle wc-ather for threshin-: as well as for moving in certain section'' and hi addition to the.e drawli.krk.s many of the farmers will iavo th" threshing and movement of wheat no attention "Mil their fall plouhint? has hren finished. Wheat displayed eonsideraM strength Thursday and linal figures were 7-1 l-4c ahove the resting spots of Wednesday. There was heavy huyincr iv some f the othr larger traders in wheat in order to Jecure profits, as well as to cln.se up outstanding contracts. The small movement of winter wheat, while causing no ireat changein sentiment in that 4'rain. has drawn out advices that ask for caution in selling wheat around present prices. Cash sale? of wheat at Chicago were only J.'.ooo bushels Thursday and th i-ealtoard ronorted onlv 200.000 laishcls Manitoba as sola for export. Corn was irn-'-Mil.ir and un.-ettled, showing weakness early, hut lirminff up later and closing at advances of -'lfn l-4c on shorts covering. Part of the buying was in the way of securing profits. Tiie strenirth in wheat helped corn no little, and the fact that the market has had a uood decline probahly developed buying power that would not otherwise have been seen. Cash .sales were small at 5 5,Oft 0 bushels. Oats were at 1-4 Ti-Sc hicrher for the day. This praln followed in the footsteps of corn, opening easier and rallying later, with May the stronger spot. Country advices were of smaller movement nnd consignment at notices were also ?mall. Cash sales hero were ISO. 000 bushels with 75.000 bushels for export. Tho improved business in cash meats and lard, helped the provision market no little, although values were sharply lower on further liquidation by longs. Packers sold January deliveries rnc! the buying was scattered.

PROSPERITY m

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iff

Report of the Condition of the

MERCHANTS

NATIONAL OA

1,107.98

100,000.00

41,047.93

3,900.00 l.Sv).00

At South ESend, in the State of Indiana, At the Close of Business, Sept. 2, 1915. RESOURCES.

Loans and discounts S697,620.6S $697,620.68

Overdrafts, unsecured SI, 107.98 U. S. bonds deposited to secure circulation (par value) 100,000.00 Bonds other than U. S. bonds pledged to secure postal savings deposits. . . . l5,5oo.OO Securities other than U. S. bonds (not including stocks) owned unpledged.. 25,547.98 Subscription to stock of Federal Reserve

Bank $7,800.00 Less amount unpaid 3,000.00 All other stocks, including premium on same

Value of banking house (if unencumbered) ; 40,000.00

j Equity in banking house

Furniture and fixtures . . . Real estate owned other than banking house Net amount due from Federal Reserve Bank Net amount due from approved reserve agents in New York. Chicago and St. Louis 1 78,026.91

Net amount due from approved reserve agents in other reserve cities Net amount due from banks and bankers (other than included in 9 or 10) ... Exchanges for clearing house Outside checks and other cash items. . . Fractional currency, nickels and cents. . Notes of other national banks Federal Reserve notes Lawful monev reserve in bank: Total coin and certificates Redemption fund with U. S. Treasurer (not more than 5 percent on circulation) Due from U. S. Treasurer

Condensed Statement of the Condition of the UNION TRUST CO.

4,050.00 0,000.00 3,000.00 1,154.60 12,000.00

At South Bend, In the State of Indiana, at the Close of Its Business on September 2, 19 15. RESOURCES

3 Loans and Discounts S436.84S.l5 i

h Overdrafts 52.26 h!

fi Bonds and Stocks 3, 131.80

m LAJiiipaiiy b miiiumi; oi,uoj.i

j rurniture ana Fixtures 12,M4.:

uuier icm cbuuc l'trj-t.j Due from Departments 558.91

4V PAID ON SAVINGS DEPOSITS. Condition of the

merican ir

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South Bend, Indiana, at the Close of Business, September 2. 1015. RESOURCES Loans and Discounts S i .768. 886.4 1

Due from Banks and Trust Companies 40,429.92 H

iiaiiu it,ot.uvi

1 19.48 if 294.98

2,052.45

80,079.36

10,144.14

59.40 196.50

255.00 5.780.00 220.00 41,150.00

H Cash on

& Cash Items 4,1 19.48

fj 1 axes and Interest Paid

h Total Resources S6 17,552.21 li n LIABILITIES g

H Capital Stock paid in Sl8,j00.00 3

Surplus 39,575.00 I Interest. Discount and Other Famines .... 405.29

7 . 0 -j Demand Deposits, Except Banks 227,168.65 )

Savings Deposits 184,600.37 Trusf Deposits 361.42 Certified Checks 2,100.00 Due to Banks and Trust Companies 5,041.48

BRITISH LOUI ACTS

AS ft STIMUUTO

Bethlehem Steel Leads War Stocks in New Rise, Hitting Mark of 326.

5,000.00

Overdrafts Bonds and Stocks Company's Building Furniture and Fixtures Advance to Insurance Dept Cash on Hand and Due from Banks. . .

584.23 71,400.13 1 L367.23 2,01 1.38 33.!7l2

Total '. . .$1,052,498.29 LIABILITIES. Capital stock paid in 100,000.00

Surplus fund 30,000.00 $13o,000.(k

UIIUIVIULil I'lilllO . . . . . . . . 1 , -t V . T V k t s t x s Less current expenses, interest and taxes paid ; 4,345.84 Circulating notes 100,000.00 Due to banks and bankers 26,776.83 Individual deposits subject to check... 264,355.34 Certificates of deposit due in less than 30 davs 1 16,101.1 1 Certified "checks 1 1,365.00 F'ostal savings deposits 8,978.32 Other time deposits 381,770.04

Total Liabilities S6 17,552.21

fj State of Indiana, County of St. Joseph, ss.

I, Joseph E. Neff, Secretary and Treasurer of the

Union Trust Co., of South Bend, Ind., do solemnly

swear that the above statement is true. JOSEPH E. NEFF. Subscribed and sworn to before me, this 8th day of Spntpmhpr 1O1 v Mv rnmmissinn exnires February 17.

1919. HOWARD EMMONS, Notary Public.

S. M. Adler, President J. E. Neff, Secretary A. J. Hammond, Vice President J. E. Neff, Treasurer

1 j

13,151.65 100,000.00

427,576.60 381,770.04

Iiv nroadan AVall. XEWYORK, Sept. 10. Expectation that the trthcouiiiiK loan to Great Britain will materially stimulate foreg;n business together with overnight digestion by tin1 general public of the favtraVIe rrop report resulte.l in :i liihtr sto-k market Thursi'.ay. A revival in the Imyim; of war stock.s oeeurri'l under the leadership of lU'thlehem Ste 1. which rose 2fi points to the new hih record f r2t and closed at the top. The expected arrival of the British and French bankers with a sharp advance in sterling exchange alo contributed to the better feelir.tj. (pen!i: prices vere irregular with Tiiost Issues showing slight pains. Buylntr immediately became appressive and tandaril industrials moved up an average of a point. Kails failed to display much investment notwithstanding the larue tonna.ee promised by the buinper crops. Prices maintained their improvement up to the last hour when there was a slight recession from the best, but the close was strong wi;h general expectation of a continuation of the forward movement tomorrow, M. K. and T. is expected to show activity and strength tomorrow owinp to the prospect of J. and YV. S'climnan tk;- Co.. an( Hall (latter. i Co.. f.m'ierwrititie the readju-it ment plan of that company. The reorpanizers of this road have uiuler advisement a plan which contemplates eliminating an assessment on the stocks, and call for an exch Anc' of the old stocks for n w. the new sh.are.s Peine held in less volume than the total of the old seen rit its. Bond brokers reported a 1m tter demand for this class of investment toil tv, banks and insurance companies Veinp substant'al purchasers. Tlie savings banks, however, are not buying. Tennessee ("opier directors mt at the N"at:tial City bank and possip was that they wt4 considering the lareo contract with Kussia, but none of the directors would discuss what took plae at tho tncetinp. I.onis CI. Kaufman, president of the Chatham and I'hoenix bank, told tho writer today that he expects commercial lim s of Purines- t improve this fall and winter. He says that none of the laree far-siehted commercial interests are making extensi

Total $1,052,498.29 STATE OF INDIANA, County of St. Joseph, -ss: I, C. COFN, Cashier o"f the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. C. W. COEN, Cashier. Subscribed and sworn to before me this 8th dav of September, 1915. ED NEDDO, Notary Public. Correct Attest: C. P. DuComb, J. E. McEndarfer, K: C. DeRhodes Directors.

Report of Condition

FIRS S

EMTfQiA

South Bend, Indiana, at the Close of Business, September 2, 1915. RESOURCES Loans and Discounts $ 995,717.16

Overdrafts

U. S. Bonds to Secure Circulation

374.11

100,000.00

LIABILITIES Capital Stock, paid in S ! 7!, 6oo.no Surplus and Undivided Prolits Less Expense and Taxes Paid Lv2S.oo Deposits l,6f),s5.in

1 ' ;1 II 3 S

St Joseph County Savings Bank September 2, 19 15. RESOURCES Loans and Discounts $2,396,367.24 Municipal Bonds , . . .. 442,093.82 Cash on Hand and Due from Banks. . . . 512,203.25

$3,350,664.31 LIABILITIES Due Depositors 53,025,739.27 Interest, Exchange, Etc 9,925.04 Surplus 315,000.00

S3, 350,664. 31

St. Joseph Loan & Trust Company September 2, 1915. RESOURCES Loans and Discounts $1,721,663.73

S Overdrafts 1,510.96

aft Bonds and Stocks 400,223.23

Cash on Hand and Due from Banks. . . . 303,869.17 Trust Securities 859,637.35

S2. 270,423. -Ui OFFICERS AND DIRECTORS Sam Leeper, President S. C. Lontz, Vice President YV. G. iWuesse!, Vice President E. H. Miller, Secretary and Treasurer F. A. Stover, Assistant Treasurer C. J. YVenderoth J. B. Haberle H. S. Miller W. F. Miller A. A. Fulk H. M. Sanders STATE OF INDIANA, County of St. Joseph, ss. I, E. H. Miler, Secretary and Treasurer of the American Trust Co. of South Bend, Indiana, do solemnly swear that the above statement is true. E. H. MILLER, Secy and Treas. Subscribed and sworn to before me, this th day ot Sept., 1915. My commission expires April 15, 1 0 1 7. VELMA R. KUHN, Notary Public. START A SAVINGS ACCOUNT AT ONCE.

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Statement of Condition of the

Citizens National Bank

Other Bonds, Securities, Etc 202,917.50 W,

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Stock in Federal Reserve Bank

Other Real Estate Owned

Furniture and Fixtures Redemption Fund CASH: With Banks s 192,037.44 In Vaults 338,268.64

lmprov merits v!nur t the tlist:

eominer':al rnnd it '. n-s r .nltini: fmta the war. He att riVate.s tlie jire nt pilint: up of Kink .It j-its t. the oer:'o-,v of f'in is that uiuler normal condition. u do t-ni U .yr.l in line.1 that liave h.-.-n .;ffeet-vl by the war. .nnnur.r-rnt nt of higher prices for evrr.-.I .st I iTo-lucts apuin ilirectei! trention t. thf improving condition of th te l i:i;.;;ni s. and th ox- ' tation of htr'iT earnirurs. .u;t : . . i r Mihition of Italtimorc anl ho v;a'.i to h: 1 n mn!? on i'or va r!; i an.! report to. lay v:u .I'.'it t!:- Au:;:t arnin-s wmsM hr ak all reonrJs.

6,300.00 1,593.5 1 8,250.00 3,200.00

530,306.08

51,848,658.36

H LIABILITIES

Capital Stock S 105.000.00

Surplus and Prolits (earned) . . 140,618.42 f Circulation 98,200.00

DEPOSITS: " Individual S 1,462,386.3 1 Bank 42,453.63 1,504,839.94

S 1,848,658.56

If PI m

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It i light enonch to oil v-atch; bcarr enough to o;l a lawn xaower. Oa a soft Cloti It bcones ea iiwl faraiton a.'Jiif, iliicj a jtzl at Ltc9 dot tie test til chcacj; Duztlns Dstlng CW.X, And3-ia-Oae lscluti!7 r rcrcrta rit cr tirLsh oa all cctrl surfaces, lswoora aa3 oat, la ot:t cl.:a

Free 3-ln.Cnft. VTritejforceamnsAwMmi)ToandtiI)irtioBarrof otes rto

3-ic-0e l 3UcTerybre in i-si. bottlet: 10c (I ex.), 25c U oJ. iOc ii ot J lint lor

H yon.

A JilolbT). Alio iapiUutedllaadrOaCca. 23c OJioO.

1 -- M--lM P" fill r ( M DAMV L"i -.. pn

at the Close of Business, September 2, 19 15. RESOURCES

Loans and Discounts S 562,082.80 J

vj . J. uuuuo iju,uwwn i Bonds, Securities, Etc 3S,657.5o fj Banking House 81,272.28 jl Due from U. S. Treasurer 5,ooo.oo c

Lash and Due from Banks 102,03.93

i i

S3, 286,904.44 LIABILITIES Capital Stock s 200,000.00 Surplus ' 1 00,000.00 Undivided Profits ; 120,000.00 Dividends Unpaid 11,760.00 Interest, Discounts and Other Savings.. 28,893.32 Deposits 1,961,543.77 Trust Investments 850,637.35 Reserve for Taxes 5,07o.oo

S 1,009,086.60 LIABILITIES Capital Stock paid in S 100,000.00

Undivided Profits 10,061.22 -j Circulation ''S. 5oo.no !j Deposits 660,025.38 S S 1,009,086.60 h

Statement of the

Citizens Loao, TresH

S3,2S6,904.44

Sara

Ci mi' i iii ill m ' ii iM'" oj ' t'nwi-'i ww i pw wnmpyii n mwm. mi i - - if.fi- r A " I,- a f- ., --y j f, it ttm M m tT

outn send mmmi mm

Report to the Comptroller of Currency, Sept. 2, 1915. RESOURCES

Loans, Discounts and Bonds 5 1,030,7 1 1.7 1 !M Overdrafts 1,055.22 I J II i P.nri:k tn -riir. r.irnilitinn ! rf onn

Other Bonds to Secure U. S. Deposits 30,000.00 Cash and Due from National Banks 181,557.78 U. S. Treasury, 5 per cent Red. Fund 5,599.60 Total S 1,3-46,924.3 l LIABILITIES Capital Stock Paid in s 100,000.00 Surplus and Undivided Profits 1 1 3,278. 5o Circulation 98,100.00 Deposits 992.04S.46 U. S. Deposits 23,497.32 Reserved for Taxes and Interest 20,000.00

Total S 1,346,924.3 I DIRECTORS Mvron Campbell, Haven Hubbard, Arthur L. Hubbard, Marvin Campbell, Fred H. Badet. FOUR PER CENT ON SAVINGS DEPOSITS.

Comrapasay

RESOURCES Loans and Discounts S 668,753.81

Overdrafts Bonds and Stocks Company's Building Other Real Estate Due from Departments Due from Banks and Trust Companies. . Cash on Hand

q Cash Items fi Trust Securities jl Current Expenses H Taxes and Interest Paid H Interest Earned i 4

Total Resources 51.110,260.01 LIABILITIES Capital Stock paid in s 100,000.00

a n

1.30 11

136,052. 5o 80,634. S3 1 1,532.22 5,42.97 16 1,722.88 12,800.45 134.83 2 1,800.45 T 148 8-1

743.94 !j

2,34 L99

Surplus Undivided Profits Dividends Unpaid Interest, Discount and other earnings. . . Time Deposits Trust Deposits Special Deposits Due to Banks and Trust Companies. . . . Trust Investments Other Liabilities

Total Liabilities S 1, 1 10,200.0 1

COMBINED RESOURCES $2,119,346.61

.30,000.00 9,604.16 57.5o 1,882.20 876,916.06 22,936.87

;,ooo.oo u 16,065.78 i! 21,086.45 j!

.3,000.00 H

NEWS-TIMES WANT ADS PAY

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