Show FINANCIAL AND COMMERCIAL l I FEDERAL BANKS ISSUE REPORT Resources and Liabilities of Are 12 Reserve Institutions Institution Epitomized zed at Capital I i 1 Washington ton Sept 2 The The combined the twelve and liabilities of ot I l 1 re reserve banks bonks September 1 1 vero cro as follows Ileo Sold Jold coin and certificates In In vault od Id settlement funds u old ld redemption funds fends with U. U US U.S. S. S treasurer gold sold reserve reserve 1000 sal tender notes silver I etc Total otal reserves reserves reserves' rive ive per cent redemption I fund fund against 1 F. F It U. k bank I t I notes hue discounted and nd bought I within 10 days Tom rom 11 to 30 days clays 5 nn OO rom ri-em 31 ai to CO 60 0 days rom roni 61 Cl to 90 days das I ver 00 O days 7 I r. r S. S bonds I warrants warrant I otal othI earning assets reserve not net u from Crom federal reserve reserve- line me year treasury notes HS I f banks banke net t UI other resources total otal resources resources' t V t I paid in deposits 1 I I bank deposits net t II reserve o notes federal oderal reserve o bank notes I In Jn circulation 11 ll other liabilities I otal liabilities j Gold res reserve r o against net deposit and ana liabilities a n per cent Cash reserve reser against not deposit andI and oto liabilities a n. per cent I fo Cash reserve reser against net deposit haI lla- lla I after netting aside 40 per cent old reserve against aggregate not net lla- lla littles tIes j JOn On federal reserve reser notes in t I on on per cent All Ml STREET TRADERS GAIN GAIM COURAGE AND AMB MARKET ClOSES STRUNG STRONG 1 New York Sept 2 Today's Today's market at nt the outset first quota- quota tons oris Indicating doubt on th the tho part eiXo ei er f fo Xo o prof professional element as to tho the sig- sig of at overnight developments A I the railway labor situation This Thia dillon gave way later to general th the tho advance being aided b by short covering II Trading Trad In marines which supplied er 26 25 per ver cent cant of or th the tho brief sessions session's mover was wn the thc not noteworthy worthy feature So 0 preferred 1 makinG a a. new record on ons 3 s gross 3 advance of ot 4 points to 1 11 H for the tho common and 1 to 2 Joints Ints for tor other shipping shares share JA IA A. A now maximum was also aiso 0 made by merican Zinc preferred which nd- nd Si 31 points to 7 74 H S while General I preferred sold at Its b best st quo quo- p llon Uon In man many month months rising 3 to 18 L. L II and other metals wore were 1 to 2 pints higher munitions and irs us advanced about as much and mors mo mo- Irs rs made mado up some flom of ot their recent with additional gains In 1 United States Steel came amo forward ewards wards the last hast being extensively I ken up to 96 an nn extreme extremo gain J-In orand of or 1 and placing it with the quarterly d extra dividends di of at the previous ty y within J 1 point of ot Its high record Reading and Canadian Pacific led lcd lede leilS e S advancing nd movement mO In rails at atIns t tIns Ins uns of almost 2 points with a 0 point ch cli tor for St. St Paul Northern Pacific I w York lork Central and some o of tho thu thul l stern groups Total sales Eales amounted shares share JI cEw STOCK LIST I I n. n 1 1 I CI n. n R. R Beet Sugar 1000 hi 87 89 69 r Can 61 60 61 i n. n 1 Car Found 62 tOt 62 n. n 1600 76 76 n. n 2 Sugar 1 S S. S Ret Ref 1001 97 97 rt 1 Tel Tel 1311 UP p. p L Zino I. I S S. S 1100 3 31 35 35 Copper 55 84 85 chison 1200 1021 Loco 1800 78 76 78 O. O SS 85 86 85 ook Rap Tran tte Sup Cop 2900 67 65 67 7 Pot 00 19 1 19 nadian JOO 00 17 Leather 1200 1200 56 O. O OO 00 69 52 60 I i I. I M. M St. St Paul 94 93 94 t. t Northwest 1242 1242 l L R Y T. T Jl P Rv v hU hu 17 I mo Copper pr i ii ii Hi Hin o. o Iron r 1500 48 n Product Steel Steal 76 75 73 76 75 Sec Bee tH Hi H 44 HIe is Ie 13 2100 36 36 26 Electric 1682 S I Northern pfd n. n j North Ore 37 37 nola nois Central COO lOU IOU ere er Con Corp ZOO 16 16 Cop 67 ii 57 er cr harvester f L i. i pfd cU 1082 C. C Southern 23 24 ott Cop I 1 49 49 49 leville Nah Nuh Pet Pct 2400 1012 ml Lint Copper I 0 J rex pd 10 Pacific PA S 32 3 3 Power 91 1 l Lead 64 6 ado ada Copper i 1900 20 I 20 20 D Y Central Contral 1021 1 Y N. N It H. H 58 82 folk and West 1282 them thern 2000 1092 1082 Mall Mail 6 Tel Tel Tal 33 2100 s MiS Con Can CoP 1100 24 41 24 21 ding 10 1042 Iron Steel 2700 63 53 I. I Mix Ariz Cop 28 Pacific is 95 96 them Railway 23 23 23 debaker Co 12 1192 1222 flosses Cop 2000 25 5 25 as aH Company on on Pacific UBi 1379 1372 referred 80 80 79 I S S. S md Ind Alcohol 1000 lIO 1089 10 S. S Steel 96 96 96 referred h Copper 1100 83 83 bash pfd n B ZOO 26 stern Union 95 4 95 El 1600 SH 59 otal for day shareR A r MOXEY MOEY ow York rork pt 2 Mercantile paper 21 day 60 bills doid dord do do- do id rd d 76 7 Francs FrancIS and land cables Marks do do- bid ld d. d cables 61 demand 5 ar cables 1730 Guilder Gunder demand cables 41 1 1 LIres demand demond cables cableD Rubles demand cables cZ far ar silver 67 6 M Mexican doll dollars rs bonda railroad Id steady steady- da 1 LOCAL SECURITIES I John C. C Cutler weekly review says sas The This business s Interests of or tho the United States Stales are anxiously awaiting the outcome outcome outcome out out- come of ot the endeavor of or President Wilson Wil son and Congress to prevent th tho order for the great groat railway strike from going going go go- ing Into effect at nt 7 a. a m m. m on Monday londa If It an amicable settlement is agreed to toby toby toby by all aU conCern concerned Id I'd business b will probably continue to bo be favorable CL the tile balance balanco of ot tho year This country has recently become tho the worlds world's largest exporter of ot refined sugar augar it Is stated Hated that the tho sugar r exported from tho the United States In the tho fiscal year r o Just ended exceeded I that from tram an any other country countr at over pounds against ns in tho Uto first year of at the war and less than In year immediately preceding tho the war Former ormer greatest exporters of ot refined sugar are aro now cut off oU from foreign markets The They were Germany Aus Aus- Hungary Inn and Russia Hussla Exports Export of ot Germany German in 1913 pounds Hungary Austria pounds and Russia about O pounds France Tane in normal years ex exports exports exports ex- ex ports about poun pounds Jears s. s but Is Isnow no now Importing from the United States about aa ns much as she ahe normally exports sugar production having been cut down more than one one half half by b- war Belgium which normally exported about 3 O.- O. pounds Is la now exporting none and md exports of or tho the Netherlands usually about pounds aro are now be below below be- be low how normal Sugar supplied bv by these theeo European countries Is Ia produced from boots and exported In refined shape They Thoy export ox- ox port und under r normal conditions about pounds annually Cane sugar ugar of ot the world chiefly produced in Cuba Porto Rico Hawaii Java and India In- In dia la when hen exported from places of ot production production pro- pro goes in unrefined state J that of ot I Cuba Porto Porte Rico and tho the Hawaiian I stands islands being sent to tho the United Stat States I I for tor or refining that of or Java largely ely to kong China Japan and India also alson In n raw n state while hile India although producing pro- pro large quantities has practically ono none for tor exportation Unusual d demand mand upon the United States tates for tor refined has hns' materially Increased increased In- In creased Importation o 0 o raw sugar Quantity brought In the past year ear has hav- Ing ng been Leen about bout pounds ot of which over was from irom Cuba more than from Hawaii nall and nd nearl nearly from Porto Rico In addition production In tho the United d States was about pounds of ot beet su sugar ar and of ot cane making a n total of at over oYer 00 pounds refined in tho United States Total value of or sugar exports from ho tho United d States In fiscal year ear 1916 was vas about and anel at pre present ent Is running at tho the rate of at over p per cr r annum The sugar companies are making reparations preparations to start tart running their factories at the end of ot this month and early arly in October According to tho the ro- ro ports orts which have ha been een made tho the stand or oC f beets in Utah and r Idaho is as good goodas as 8 It was ns last year ear in those sections which were no noi not hit heavily by the late frosts and drouth In the tho where hero replanting replanting- was necessary tho the reduction production will be lower than last year oar The market for tor local 1 securities has been een rather quiet during the past fifteen nt- nt teen een days das Cutler quotations I p 5 i 0 j i o I Ii Pp 0 J 0 ij Co E g- g p ST b r UI p D 1 0 r t O l Amalgamated sugar Bugar Co 1 12 I Beneficial Life Lito Ins Co 10 10 Barnes Darnes Banking Co 10 20 1000 Bank Danl ot of American For ForI 12 1 12 Bank Banle of Heber CIl City 12 U 1800 Dank or of Southern Utah Cedar 12 1 12 1900 Con Wagon rag Machine I Co 7 7 Continental Lifo Life Ins Co 7 Continental National Dank Bank S 9 Deseret National S Bank 12 15 t a. Dank Bank fiO 50 Davis County Bank Farmington 20 Farmers era erst Bank First National N Bank 1 12 12 First National Bank Ogden den I 20 First National l Bank Murray S S 10 FIrst National Bank Brigham IS is 18 Guardian C Cy Guaran Guaran- ty Cu 12 12 1510 Heber J J. J Grant Co 16 20 2800 Home Fire Insurance Co 10 14 Hotel Utah Operating Co 10 10 10 Inland Crystal S Salt lt Co 1 7 7 1 Mountain Inter Life Lito In- In aurance Co 6 e. e Kamas State Bank Ban 7 1 7 Knight Trust Savings Bank Provo IS 6 S 6 t ICA nn nfl McCornick II b C Co B Bankers Bank Bank- k ers era 1 17 11 Merchants Merchants' bank Mountain States Tel T Tel l. l Co 1 7 1 National Bank BanIt of of the Republic 12 12 National City Dank Bank IS 6 6 National City Danl 6 6 National Copper Dank Bank r 5 5 00 Ogden State Bank 12 18 Provo Pro Corn Com Savings Dank Bank 12 22 Salt Lake Lako Security Trust Co 8 8 IllS 00 State Dank Bank or of Brigham City 10 15 State Bank or of Garfield 8 IS 18 13 State Bank ot of Millard County Count Fillmore 9 9 State Bank or of RIchmond 9 8 8 Thatcher Bros Banking Co Logan 10 10 Utah Idaho Sugar Co 10 12 11 1840 Utah State National Bank 1 12 Utan Utai Savings s Trust Co i Walker Bro Bros Bankers 10 11 Savings Bank Danl Trust Co U 24 Z C 1 I 8 8 3 20 0 BONDS DO Alto Alta clUb 6 I 6 97 Con R fly Power CI City 1921 Ci 5 s r Salt Lake City refunding 1921 4 4 4 96 Sumpter Valley railroad 1927 1927 6 6 16 51 Utah Light Power Co 1930 4 c 4 Utah Light Power Co 1 30 4 4 95 96 Utah Hotel Co 1921 II 6 6 15 10 Utah State Stat Capitol Building 1934 4 4 4 Utah State Capitol I 1935 1135 t H 42 22 21 1032 17 17 3 1 1 Sn each Instance Add accrued to quotations Quotation on bonds bond TED EVAPORATED FRUIT Now New York Sept 2 Evaporated ap ap- ap- ap pies ples quiet Prunes firm A Apricots and peaches quiet Raisins steady te dy t STRIKE SHADOW LOWERS MARKET w Weeks Week's eek s Trading Closes With Tf Industrial Shares in Sharp Demand I New r York Sept 2 Th Th shadow of ot tho the railroad strike hung over oyer the financial financial financial finan finan- cial market this thin week tho the outcome still stilt being very YOn much in doubt nt at tho the close of at yesterdays yesterday's session of ot the stock ex cx- cx change chango Quoted Yalu values particularly asto ns as to rails wore oro held In check chece by the tense tenae situation n but tho the undertone was surprisingly I strong with Ith now records for tor mercantile marines Inspiration Copper Cop Copper Cop Cop- p per r and Kelly Kell l tire one one- of or I tho the bettor known automobile I. United States St. Steel again held undisputed undisputed sway over tho the Industrial division divis divis- I ion repeating last weeks week's high record I of ot Minor lInor steel and iron shares I benefited b by the thc strength of ot tho the leading leading lead lead- other metals metal ing Issue and nd coppers and were substantially responsive to fa favorable favorable ta- ta well nell as ns trade conditions an as Increased or extra dividend disbursements disburse disburse- men ments ts Motors were also the only really weak shares some of ot this group do- do dining to l lowest quotations of ot I do-I the tha y year ar A large larce and aggressive short In Interest Interest In- In terest has haa developed In these stocks their operations oper evidently being b based Sed upon the financial status of or some Borne of or orthe the loss prominent companies Tho The success of ot the new British two two- year loan was without appreciable ef effect of- of feet on rates to Lond London n which held about steady with no material change In francs Features of the tho foreign ex exchange ex- ex change market wore the decline in marks or German remittances to the tho lowest lowet quotation since tho beginning beginning begin begin- ning of ot the war and an nn advance of or over o three points to In tho the rate to I Business in general was nas maintained at ot the record breaking pace pac and railroad railroad rail rail- I road ro tonnage wa was limited only b by shortage e of or equipment Grains and other othor roo foodstuffs are being rushed to I market and tho the enormous bank ex exchanges ex- ex changes and clearings at reserve centers centers centers cen cen- are In themselves strong proof of J the easy domestic monetary situation I T PRICES SHOW SUI UPWARD TREND WHEN VEN STRIKE DANGER PASSES Chicago Sept 2 Confidence that a t settlement of ot tho the railway strike would b bo be effected led to a decided upturn to today today today to- to day In wheat The close clese was strong tronC at atthe atthe atthe the highest level le of or tho cession a D. net advance of to Hc with December at 1479 to IU and May at nt 1491 to 1491 1499 Other leading lending staples too all showed gains corn gains corn Jo to o to Ic c oats 30 to lio and provisions to to- Disappearance of ot anxiety ever ver the tho chanco chance that the hour eight-hour bill might be defeated was evident from the outset outset out ont set In the wheat market All pressure to sell was waft nb absent and t Instead signs signa developed that foreign demand had be become become be be- come como urgent Indeed cash premiums paid b by exporters wore the tho highest of ot otan an any time this season Notices of ot a general gen- gen oral eral nullification of at railway embargoes seemed to bo chiefly responsible for Cor tho activity of ot foreigners Althou Although h at intervals during tho the day realizing by holders was on a n. liberal scale tho the I ensuing downturns In values proved pro brief I In addition to the fact that shipping business had already Improved and was expected to be much better the week the tho presence of ot frost In Canada Canado tended also to give c an advantage to te- the bulls bulla Reports were at hand too that little plowing had been done lone so 80 far in Oklahoma and that predictions were for a poor crop there thero next year unless con conditions soon son underwent a radical chango change Corn like hIlo wheat showed a broad genera general demand eman Some Somo export business was done and commission buying was of at a good class clas Oats displayed In Independent independent In- In dependent strength owing to announcement announce announce- mn ment t that the government British go t had taken bushels here for tor lake loke lakoS S shipment h i p m c n Speculators and packers were active o buyers of ot provisions pro Optimism In re regard regard regard re- re gard to tho the railroad situation acted as ns asmore asmore more than an offset for tor a decline dechino which took place in the ho hog market Leading futures ranged as follows I Open I I Low I Chose WH WHEAT EAT EAT- Dee Dec 1479 |