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I FINANCIAL IAL AND COMMERCIAL S MIL MALL MET FLURRY I HAS SLIGHT EFFECT ON U UL L CONDITION OF BANKS BAMKS I New ew York Dec Deo 23 Tn Tn striking con- con st t t tho the heavy and excited trading of ot tho lat last f few W days tho two-hour two ses- ses es- es ui J Ion of ot the stock market toon today was dull ull with th the comparatively comparative meager i turnover of ot but shares Dealings wore curtailed largely In InV Inconsequence V consequence of f t the approaching holi holl- I days das Operations were almost entirely 4 limited 1 to professional l traders intent upon leaving a n. clean Iclean In tho the present pres- pres I Jent tnt ent Juncture of ot uncertainty Irregular chan changes eA at nt the opening 1 were cre almost Immediately followed tollo b by rece recessions of ot 1 to 3 points particularly 1 In In storks that figured figue Importantly in previous days day's rebound reimund United is Steel fluctuated between J 1 and closing at nt 1061 a II loss of ot 1 II Bethlehem Steel made an nn extreme ex- ex decline of oC 14 points with 1 to 3 1 4 tor related Issues i Metals were more unsteady than other oth oth- S tr er prominent shares losing 1 to almost N J points although Central Leather Leathor and American Hide Hido ant anI Leather yielded n as with t motors and oils whim while IndustrIal In- In Alcohol virtually made good Sits Its extreme loss Joss of over 3 3 points J. J Atlantic Gulf Gult 8 West Welt Indies was n bout About the on only stock to display Y pro- pro proa a pounced strength at gross ros gains sains or ot almost al- al most 10 p points the movement being the mot moat noteworthy because of ot the irregularIty larIty J of Mercantile Marines Some Utilities ut also alRO were to strong Peoples People's Peo Peo- pies ples Gas Gns of Chicago rising 2 21 i points point S The bank statement reflected only In InA ina fa A mild Hd way the extraordinary money movements movements mo of ot the week Induced chien chiefly 1 by the enormous liquidation The Tho nominal nom nom- SInaI inal actual Increase In loans and antI tho the 4 1 slight lIght cash lo loss losa were at variance with Uh forecasts but these items are aro likel likely to 1 undergo further correction next week iThe rhe rho moderate moderato contraction of oC reserves cs actual excess reserves at about ft ts Mercantile conditions according to f trade r reviews aro arc like likely to show some somo Jm modification and reduction from recent T thigh hl h pressure because of or prevailing discussions There was virtually no market et In foreign exchange e. e t I Bonds were sere steady on limited trad- trad T r Total sales sale par value were 1320 I United States bonds were unchanged I Jon on n call during the week t S 1 The Tho bank statement follows L 1 ACTUAL L CONDITION Loans l Loans discounts discount etc S Increase i Reserve Ruel in own vaults of oft oft t St t which i Is 11 cie cle 1 Decrease Reserve In federal reserve reser banle bank banic S Increase c in other nn I 5 s 's Decrease Net et demand deposits n. n Increase e Net Iet ct time limo deposits Decrease J Decrease Aggregate te reserve 00 S reserve o 0 60 Decrease t Summary of state tl banks and trust In Greater Now ow York lork not in cl clearing house statement discounts etc 4 specie 5 Legal tenders 1 Decrease Total 00 t Decrease 5 MOO Banks fBanks cash reserve o Ini invault In i J vault cash cashe re- re el Trust companies l f serve servo In vault t i V NE STOCK LIST I Sales I H. H I L. L I Cl CI ClAm Am m. Beet Sugar 2400 91 sS 8 89 i American Can 2200 46 6 46 65 64 84 64 Am Car A F rAm KAm Locomotive 76 74 75 iNn S. S Ret Ref 1051 05 I Am JAm Sugar ar ne OO 1091 10 SAm Am Tel Tel 1000 1251 l H Am LAm Z L. L S S. S 1800 38 36 37 Anaconda Copper 83 S1 SIS SH 82 Atchison 1400 10 1 Bald Baht Locomotive 61 57 58 Baltimore Ohio S 83 SH r Brook R. R T n B Butte S. S Cop Cp bP 1 1800 4 48 Cal Petroleum 23 23 Canadian n PAC Central Leather Loather 84 S-I 85 80 Chos Chea Ohio 1700 65 6 65 65 C. C M. M St St. Paul 93 92 3 II 91 n 91 Chi Chi N N. W- W ic c. c It R. I I. I P. P n fly Ry 2300 35 34 34 34 Chino Copper 55 52 64 l oColo F F. Iron 1000 46 44 Hi 45 Corn Prod Ref nef H 2 21 Ii Crucible Steel 59 56 50 58 Die Securities 1900 30 29 30 Erie Erle 35 31 34 Gen r 1200 1688 1678 0 Q N N. preferred I. I JOO 1771 0 O N. N Oro Ore 1200 35 36 35 Z 4 Illinois Central OO lOT I Inter ConsoL Conol Corp 17 IH 17 17 Iii I Copper 57 7 55 56 Int mt Han Harv N. N J J. lot Int M. M IU M p pfd pd 1700 92 n 90 90 K- K City So iso 20 28 25 25 25 Cop 45 45 5 Louis Ioui Nash lex ex Pe Petroleum oleum 96 94 9 95 Miami Copper 2300 38 37 38 M. M I. I K IC T. T 1 pfd 1 Mo to Pacific ROO 17 IH 17 17 Ii National Lead Lend ZOO SOO 60 60 59 Nevada Ovada Copper 2800 SOO 23 23 S1 23 Y Central 1500 10 1041 S J. J Y Y N. N NII H. H t H. H 53 3 or Western 8 0 1371 Un 13 1352 fo o. o P Pacific not no Pacific Mall Matt 20 20 20 ac nc To Tel Tol Tel 33 2100 56 56 66 iv 3 Con Co 27 2 26 leading 1041 lap op ep I I. I S. S 77 76 ArIz C. C 6 So o. o Pacific 1100 97 so o. o Railway 29 32 31 er Co texas exas Company 1400 nion Pacific PS 1800 ISOO 1 17 1162 Hi 1476 Pac pfd 8 84 84 81 8 S. S I. I Alcohol MOO 1081 1104 B. B Steel Steal lOa 1071 1068 Preferred 11 1191 tab Copper 10 98 1001 abash pfd pM B B 20 SOi 01 01 re est tBt t. t Union 97 Meeting etIng Eleo Elec 1900 56 6 Ii 55 56 Total sales for the tho day shares S I MONEY E New York Dec MercantIle paper Q U 41 per cent Sterling Sixty day bills bill 4 com com- sixty day bills on banks banke sixty day bills fables ables demand Francs demand cables n Marks demand cables 72 I S Kronen d demand 1 12 cables 12 12 f Guilders rs demand 41 10 cables 40 i L demand cables Rubles V-Rubles demand 30 cables K Mexican dollars 58 bonds at teal cad y railroad 1 ponds firm r EW YORK CLOSED Df D. D I f f Now No York Dec 23 All 3 All exchanges In Inow V ow ew w York with the exception of ct tho the otton lotion and stock markets were cro closed ere today tOllaY S i rJ n Now ew York Dec 23 Evaporated aples ap- ap S les D quiet I- I Prunes PruneR quiet but firm r Apricots and peaches Inactive s steady d I LOCAL SECURITIES j jJohn I 1 T John C. C Cutler Jr weekly market ct letter Ha says Bays 5 Business and trade have hn boen been ver very favorable fa In Utah during tho year r. Tho The crops were fairly large and the farmers received good prices for tor their products Tho The stock rowers havo o prospered as hl high h prices were paid for tor sheep cattle and wool whilo It is III estimated that tho the mines and antI smelters produced over and paid nearly In dividends divIdend The following table shows the large estimated increase in the tho o of Utah manufactured d products during 1916 compared with 1914 arid and 1915 Total i in 1916 1 Total in 1111 1015 1915 Total In 1914 11 Increase of 1916 over 1914 Estimated gain Sn In the last Several hundred thousand dollars in dividends will bo be paid by tho the different institutions of ot tho state tho the end of ot December Do- Do cember cembor and early earh in January Dividend Divi Divi- disbursements during the tho week w wore were re as ns follows Deseret Savings SL batik bank Zions Zion's Savings Sn bank Heber HeDer J J. J Grant Co and the tho Homo Home Fire company compan The Utah h State National bank will declare a 3 per fler cent dividend on December December De Do- cember 28 28 amounting to payable payable pay par able to stockholders of ot record Decem ber 28 McCornick Co will declare a dividend of ot 4 8 1 per cent amounting to payable December 30 10 Walk Walk- er or Bros Dros bank declares on December 29 a 5 per c ont cent nt regular and 1 per cent special dividend amounting to payable on that date Tho The directors o of tho National Bank of ot the thc Republic have declared a 9 semiannual semi floral annual dividend of ot 6 per cent amountIng amountIng amount- amount In Ing to payable December 30 On December 30 SO tho the Utah-Idaho Utah Sugar company will t pay a 2 per cent regular and 1 per cent special dividend amounting to tn 12 nOn Ann The Consolidated Wagon Machine Machine Ma Ma- chine company will P pay Its re regular dividend of ot lj a per cent cont amounting to on the of ot January The Thc Amalgamated Sugar company Beneficial Lire Life Insurance company In Inland Inland In- In land Crystal Salt company and other banks will also pay their dividends the end of ot this month and In January 1917 Thoro has nas been a II very ory fair demand for or lo local l securities durin during the year and prices show advances all along the list compared with a year ago The following table shows how the tho stocks o 0 the Utah-Idaho Utah Sugar company com corn pany pAnr and tho the Amalgamated Sugar company com corn pany have fluctuated during 1915 1914 1916 Idalio Su Sugar r Company Stock Quotation 1914 January 2 3 May 1 July 17 October 2 December 4 4 I 1915 January 2 April 3 7 July 3 October 2 December 4 1155 1916 January 8 1325 April 1 1770 July 1 l 1965 November ember 20 2925 2926 December 9 9 Sugar Company Stock 1 Quotations notations 1914 January 2 lira May 1 July 17 93 00 October 2 December 4 1915 January 2 1200 April l 3 J July u 1 3 97 0 October 2 r December 4 1916 January 8 S April 1 July 1 Oc October t 0 be r 7 19 C 00 December 9 Tho The low price for tor Utah-Idaho Utah Su Sugar nr company compan stock was on May 1 1 1914 when th the stock stood at per share hare and the tho highest price was on November 20 20 1916 when the tho stock sold soldat soldat soldat at 2926 per share Local securities have been in fair demand durin during the tho week Cutler follow follo j D c 0 n p 9 c C 1 e 01 STOCKS o n oa o a cI 2 I s. s 1 e 0 2 Am Amalgamated Ll Sugar CO 0 12 fr Beneficial 1 Life Ins Co 10 10 B 13 n a r n e u s Banking Co 10 10 20 O Dank Bank ot of American Fork 12 12 Bank of oC Heber CIl City I 12 12 2000 1 Bank ot of Sou Southern thorn Utah Cedar 12 12 1900 1 Con Connon Wagon non 8 Machine 1 Co 7 7 Continental Life Lite Ins Co Contin- Contin Continental National Bank 8 9 Deseret National Bank 12 Iii 15 1 De Savings Bunk 53 O Davis County Count Bank Farmington ton 20 20 Farmers ors ers ers' Bank 2 S OO First National flank Bank 2 O Ogden den 12 20 First National Bank Murray S 8 10 I First National Dank Bank Brigham 1818 18 18 I I Guardian Cy Guaran- Guaran t t Co 12 12 1480 Heber J 1 Grant Co 16 1 30 20 2800 Homo Home Fire In urance Co 16 4 14 Hotel Utah Operating Co 10 10 Inland Crystal alt Co preferred 1 7 1 Mountain Inter Life In- In furano Co 6 1800 1300 State Bank 7 7 1 Knight Trust Savings 7 Bank Provo 6 6 6 liO Layton Sugar Co 1 McCornick Co Bankers Bank Bank- 7 ers era 1717 17 17 Merchants Merchants' Bank Millor Cu 0 Murray Mur- Mur ray rny 7 8 Mountain Staten StateD Tel Tot Tel Co i 7 1 H. H 00 National l Bank of tue 12 12 I 12 00 National City flank Bank 6 6 15 00 National Copper Bank r S 5 i Nephi National Bank S 8 1600 Ogden State Banle O 18 GO 00 Provo Corn Com Savings Sa hank 12 22 Salt Lake Lako Security Trust Co 8 8 State Bank of Brigham City City 15 Hi 15 State Bank ot of Garfield Panguitch 18 2000 State Sinto k of Millard County I 12 9 lEiS 00 State Bank of 8 8 Thatcher Bros Banking Co Lo Logan au 10 10 lI Utah Lire Clay Co 6 4 HII Co 12 11 2600 Utah State Nat Dank 1 12 12 2 2600 Utah Savings Trust I Co 00 I IW W Walker Bros Danl Bankers 10 11 Zion Zions Savings Trust Co S 8 24 Z Co C. M. M I. I S 20 O. O 0 O VIOLENT FLUCTUATIONS Ir IN GRAIN MARKET DURING WEEK Y RARELY EQUALED W Dec 23 Warlike Warlike utterances from spokesmen of of- tho th entente allies have havo lifted the price of ot wheat with vigor in the last week and so 80 too havo o big o ort cr-ort ort sales Net advances ranged tr tn 7 71 11 to 1680 a t. t bushel Corn gained lAo Ho to lie Hc and oats to Provisions Provisions Provis Pro ions as a rule suffered d declines varying from To io to It was tt it week that for continued vie vie- lc Ic fluctuations In Sn tho wheat market et has hils rarely I If ever been beon equaled The first ee sensational chango In values w was s an excited bulgo bulge of oC accompanying tho the Russian dumas duma's rejection of peace Skyrocketing of prices to n further arthr amazing extent both preceded and an followed followed followed fol fol- I lowed Lloyd Georges memorable Initial I address a as premier but wn was sudden suddenly succeeded by n n. downslide of lIe Hc owing i to assertions that the door to a a. peace pence conference had not been wholly t closed Prospects of or now new efforts t to end hostilities hostilities hostilities hos hos- resulted Wednesday cd n In further declines which next day assumed al almost almost al- al mo most t panicky proportions during whirlwind whirlwind whirlwind whirl whirl- wind selling that knocked down the market as a result of President Wll Wil- sot note calling on cn the belligerent powers PO to specify their terms Rebounds to hither levels In the tho wheat market Thursday and yesterday were ascribed In the main to Immense purchases for jr European governments chiefly Great Britain No accurate fl figures figures fig fig- ures regarding the aggregate of ot export sales salos could be bo obtained but current estimates placed the total well up in millions of oC bushels Corn and oats rose rOle principally by reason reason rea rca son o of sympathy with wheat Car scarcity scarcity scarcity scar scar- city shutting shutting- off ott receipts was also a bullish factor Doubts that a 0 peace conference was yet t In sight weakened pros provisions is ions I Resources Resource's of Federal Reserve Banks Increased During Week eek Washington Dec 23 Total Total resources of ot f federal reserve banks increased approximately ap P ap- ap proximately during the tho week t just Juat ended The reserve boards board's statement statement state state- ment of ot tho banks bank's con condition December 22 2 shows RESOURCES Gold coin and and certificates In Invault Invault invault vault Gold settlement fund Gold redemption fund with United States treasurer Total gold reserve Le Legal Lega nl tender notes silver sliver etc Total reserve Five vcr per cent redemption fund against federal re reserve tc re- servo serve bank notes BILLS DILLS DISCOUNTED A AND D BOUGHT Maturities Within 10 days From 11 to 30 da days R From 81 to 60 days From 61 Cl to 90 days Over Oter 90 days Total IN INVESTMENTS TS United States bonds year One U. U S. S treasury treasur notes Municipal warrants Total earning carnine- assets F. F R R. notes not net Duo from F F. R. R banks not net All other resources Total resources LIABILITIES Capital paid In Government deposits Member ember banks deposits net F. F R It notes net All other liabilities Total liabilities Gold reserve resor against ac net deposit and antI note noto liabilities 69 per cent Cash re reserve ro- ro servo serve against net deposit and note liabilities lia ha- bill tics per con cent t. t C Cash sh reserve against not deposit liabilities lia ha- after setting aside 40 0 per cent Sold gold reserve against aggregate not liabilities lia lia- ha- ha on federal reserve notes In Sn circulation cir clr- cir cir- 13 ner per cen cent 1 LIVE STOCK Chicago Dec 23 Receipts hogs lIo Hogs Receipts s mostly strong at nt Fridays Friday's aver aver- ago lato late top 10 cents higher at 1060 bulk 8 1030 light 1020 mixed rough 1005 pigs 25 Cattle Receipts Cattle Receipts 1500 stead steady Native Native Na Na- tive Live bent beef cattle western vestern steers 1000 stockers stackers and feedore feed feell- ors ore R S 10 cows and heifers heiters cah calves 8 25 ff 1176 1175 ShoeD Receipt steady Sheep 1000 owes lambs 1125 Kansas City lt Dec 23 Hoga Re Re Receipts 2000 stead steady bulk b 1026 heavy 1010 10 30 packers and butch- butch ore eTs' 1025 light lIht 1010 pigs s. Cattle Cattle TI steady prime fed steers steer dressed beef beet steers 75 1025 western steers 1 26 25 cows 5 3 heifers 1050 stockers mockers and feeders cc bulls 6 5 50 ji 7 25 calves 3 1100 |
